$FYBR
Frontier Communications Parent, Inc.

2024 Q2 Form 10-Q Financial Statement

#000156276224000120 Filed on May 03, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $1.480B $1.462B
YoY Change 2.14% 1.53%
Cost Of Revenue $516.0M $522.0M
YoY Change -2.27% -3.69%
Gross Profit $964.0M $940.0M
YoY Change 4.67% 4.68%
Gross Profit Margin 65.14% 64.3%
Selling, General & Admin $449.0M $428.0M
YoY Change 4.91% 2.64%
% of Gross Profit 46.58% 45.53%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $398.0M $388.0M
YoY Change 12.43% 17.58%
% of Gross Profit 41.29% 41.28%
Operating Expenses $449.0M $428.0M
YoY Change 4.91% 2.64%
Operating Profit $91.00M $90.00M
YoY Change -20.87% -37.06%
Interest Expense $199.0M $199.0M
YoY Change 33.56% 41.13%
% of Operating Profit 218.68% 221.11%
Other Income/Expense, Net $2.000M $94.00M
YoY Change -86.67% -594.74%
Pretax Income -$132.0M $3.000M
YoY Change 6500.0% -25.0%
Income Tax -$9.000M $2.000M
% Of Pretax Income 66.67%
Net Earnings -$123.0M $1.000M
YoY Change 6050.0% -66.67%
Net Earnings / Revenue -8.31% 0.07%
Basic Earnings Per Share -$0.49 $0.00
Diluted Earnings Per Share -$0.49 $0.00
COMMON SHARES
Basic Shares Outstanding 248.6M 245.8M
Diluted Shares Outstanding 248.8M 247.0M

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.197B $1.521B
YoY Change -3.23% -25.15%
Cash & Equivalents $1.197B $1.296B
Short-Term Investments $0.00 $225.0M
Other Short-Term Assets $51.00M $49.00M
YoY Change 131.82% 157.89%
Inventory
Prepaid Expenses $73.00M $64.00M
Receivables $434.0M $447.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.755B $2.081B
YoY Change -0.34% -18.2%
LONG-TERM ASSETS
Property, Plant & Equipment $14.70B $14.30B
YoY Change 10.11% 12.14%
Goodwill
YoY Change
Intangibles $3.425B $3.505B
YoY Change -8.57% -8.39%
Long-Term Investments
YoY Change
Other Assets $311.0M $315.0M
YoY Change 7.24% 12.5%
Total Long-Term Assets $18.44B $18.12B
YoY Change 6.04% 7.49%
TOTAL ASSETS
Total Short-Term Assets $1.755B $2.081B
Total Long-Term Assets $18.44B $18.12B
Total Assets $20.19B $20.20B
YoY Change 5.45% 4.12%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $738.0M $672.0M
YoY Change -36.43% -50.88%
Accrued Expenses $164.0M $221.0M
YoY Change 0.61% 0.0%
Deferred Revenue $33.00M $33.00M
YoY Change 6.45% 10.0%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $15.00M $15.00M
YoY Change 0.0% 0.0%
Total Short-Term Liabilities $2.019B $1.940B
YoY Change -2.32% -16.05%
LONG-TERM LIABILITIES
Long-Term Debt $11.23B $11.24B
YoY Change 14.29% 14.24%
Other Long-Term Liabilities $575.0M $554.0M
YoY Change 9.94% 12.37%
Total Long-Term Liabilities $11.81B $11.79B
YoY Change 14.07% 14.15%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.019B $1.940B
Total Long-Term Liabilities $11.81B $11.79B
Total Liabilities $15.06B $14.94B
YoY Change 7.87% 4.94%
SHAREHOLDERS EQUITY
Retained Earnings $762.0M $885.0M
YoY Change -10.98% 3.15%
Common Stock $4.288B $4.283B
YoY Change 1.04% 1.44%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.137B $5.259B
YoY Change
Total Liabilities & Shareholders Equity $20.19B $20.20B
YoY Change 5.45% 4.12%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income -$123.0M $1.000M
YoY Change 6050.0% -66.67%
Depreciation, Depletion And Amortization $398.0M $388.0M
YoY Change 12.43% 17.58%
Cash From Operating Activities $374.0M $335.0M
YoY Change 35.51% -13.88%
INVESTING ACTIVITIES
Capital Expenditures $626.0M $666.0M
YoY Change -40.78% -42.29%
Acquisitions
YoY Change
Other Investing Activities $227.0M -$2.000M
YoY Change -31.0% -100.24%
Cash From Investing Activities -$399.0M $186.0M
YoY Change -45.19% -161.18%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $4.000M
YoY Change 0.0%
Cash From Financing Activities -72.00M -423.0M
YoY Change 300.0% -158.34%
NET CHANGE
Cash From Operating Activities 374.0M 335.0M
Cash From Investing Activities -399.0M 186.0M
Cash From Financing Activities -72.00M -423.0M
Net Change In Cash -97.00M 98.00M
YoY Change -79.36% -87.9%
FREE CASH FLOW
Cash From Operating Activities $374.0M $335.0M
Capital Expenditures $626.0M $666.0M
Free Cash Flow -$252.0M -$331.0M
YoY Change -67.73% -56.73%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2024Q1 dei Amendment Flag
AmendmentFlag
false
CY2024Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2024Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2024Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2024
CY2024Q1 dei Entity Central Index Key
EntityCentralIndexKey
0000020520
CY2024Q1 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2024Q1 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2024Q1 fybr Provided Funding Period For Construction Of Broadband Networks
ProvidedFundingPeriodForConstructionOfBroadbandNetworks
P10Y
CY2024Q1 fybr Revenue Recognition Period Fcc S Caf Phase Ii Subsidies
RevenueRecognitionPeriodFccSCafPhaseIiSubsidies
P7Y
CY2024Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P9M
CY2024Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P1Y
CY2024Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P1Y
CY2024Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P1Y
CY2024Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P1Y
CY2024Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P1Y
CY2024Q1 dei Document Type
DocumentType
10-Q
CY2024Q1 dei Document Quarterly Report
DocumentQuarterlyReport
true
CY2024Q1 dei Document Period End Date
DocumentPeriodEndDate
2024-03-31
CY2024Q1 dei Document Transition Report
DocumentTransitionReport
false
CY2024Q1 dei Entity File Number
EntityFileNumber
001-11001
CY2024Q1 dei Entity Registrant Name
EntityRegistrantName
FRONTIER COMMUNICATIONS PARENT, INC.
CY2024Q1 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
CY2024Q1 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
86-2359749
CY2024Q1 dei Entity Address Address Line1
EntityAddressAddressLine1
1919 McKinney Avenue
CY2024Q1 dei Entity Address City Or Town
EntityAddressCityOrTown
Dallas
CY2024Q1 dei Entity Address State Or Province
EntityAddressStateOrProvince
TX
CY2024Q1 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
75201
CY2024Q1 dei City Area Code
CityAreaCode
972
CY2024Q1 dei Local Phone Number
LocalPhoneNumber
445-0042
CY2024Q1 dei Security12b Title
Security12bTitle
Common Stock, par value $0.01 per share
CY2024Q1 dei Trading Symbol
TradingSymbol
FYBR
CY2024Q1 dei Security Exchange Name
SecurityExchangeName
NASDAQ
CY2024Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2024Q1 dei Entity Small Business
EntitySmallBusiness
false
CY2024Q1 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2024Q1 dei Entity Shell Company
EntityShellCompany
false
CY2024Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
248552000
CY2024Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1296000000
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1125000000
CY2024Q1 us-gaap Short Term Investments
ShortTermInvestments
225000000
CY2023Q4 us-gaap Short Term Investments
ShortTermInvestments
1075000000
CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
64000000
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
53000000
CY2024Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
447000000
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
446000000
CY2024Q1 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
64000000
CY2023Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
67000000
CY2024Q1 us-gaap Other Assets Current
OtherAssetsCurrent
49000000
CY2023Q4 us-gaap Other Assets Current
OtherAssetsCurrent
68000000
CY2024Q1 us-gaap Assets Current
AssetsCurrent
2081000000
CY2023Q4 us-gaap Assets Current
AssetsCurrent
2781000000
CY2024Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
14296000000
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
13933000000
CY2024Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
3505000000
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
3585000000
CY2024Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
315000000
CY2023Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
394000000
CY2024Q1 us-gaap Assets
Assets
20197000000
CY2023Q4 us-gaap Assets
Assets
20693000000
CY2024Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
15000000
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
15000000
CY2024Q1 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
884000000
CY2023Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
1103000000
CY2024Q1 fybr Contract With Customer Liability Advanced Billings Current
ContractWithCustomerLiabilityAdvancedBillingsCurrent
196000000
CY2023Q4 fybr Contract With Customer Liability Advanced Billings Current
ContractWithCustomerLiabilityAdvancedBillingsCurrent
182000000
CY2024Q1 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
122000000
CY2023Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
118000000
CY2024Q1 us-gaap Interest And Dividends Payable Current
InterestAndDividendsPayableCurrent
183000000
CY2023Q4 us-gaap Interest And Dividends Payable Current
InterestAndDividendsPayableCurrent
126000000
CY2024Q1 us-gaap Pension And Other Postretirement Defined Benefit Plans Current Liabilities
PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities
38000000
CY2023Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Current Liabilities
PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities
38000000
CY2024Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
502000000
CY2023Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
693000000
CY2024Q1 us-gaap Liabilities Current
LiabilitiesCurrent
1940000000
CY2023Q4 us-gaap Liabilities Current
LiabilitiesCurrent
2275000000
CY2024Q1 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
641000000
CY2023Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
643000000
CY2024Q1 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
563000000
CY2023Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
697000000
CY2024Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
554000000
CY2023Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
553000000
CY2024Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
11240000000
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
11246000000
CY2024Q1 us-gaap Liabilities
Liabilities
14938000000
CY2023Q4 us-gaap Liabilities
Liabilities
15414000000
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
3000000
CY2024Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.00
CY2024Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1750000000
CY2024Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1750000000
CY2024Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
248547000
CY2024Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
248547000
CY2023Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
245813000
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
245813000
CY2024Q1 us-gaap Common Stock Value
CommonStockValue
2000000
CY2023Q4 us-gaap Common Stock Value
CommonStockValue
2000000
CY2024Q1 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
4281000000
CY2023Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
4297000000
CY2024Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
885000000
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
884000000
CY2024Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
91000000
CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
96000000
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
5259000000
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
5279000000
CY2024Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
20197000000
CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
20693000000
CY2024Q1 us-gaap Revenues
Revenues
1462000000
CY2023Q1 us-gaap Revenues
Revenues
1440000000
CY2024Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
522000000
CY2023Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
542000000
CY2024Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
428000000
CY2023Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
417000000
CY2024Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
388000000
CY2023Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
330000000
CY2024Q1 us-gaap Restructuring Charges
RestructuringCharges
34000000
CY2023Q1 us-gaap Restructuring Charges
RestructuringCharges
8000000
CY2024Q1 us-gaap Costs And Expenses
CostsAndExpenses
1372000000
CY2023Q1 us-gaap Costs And Expenses
CostsAndExpenses
1297000000
CY2024Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
90000000
CY2023Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
143000000
CY2024Q1 fybr Investment And Other Nonoperating Income Expense Net
InvestmentAndOtherNonoperatingIncomeExpenseNet
112000000
CY2023Q1 fybr Investment And Other Nonoperating Income Expense Net
InvestmentAndOtherNonoperatingIncomeExpenseNet
2000000
CY2024Q1 us-gaap Interest Expense
InterestExpense
199000000
CY2023Q1 us-gaap Interest Expense
InterestExpense
141000000
CY2024Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
3000000
CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
4000000
CY2024Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2000000
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1000000
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
1000000
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.01
CY2024Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.00
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.01
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
246301000
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
245081000
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
247040000
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
246425000
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
1000000
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
3000000
CY2024Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-5000000
CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
4000000
CY2024Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-4000000
CY2023Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
7000000
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
5279000000
CY2024Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-16000000
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
1000000
CY2024Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-5000000
CY2024Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
5259000000
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
5134000000
CY2023Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
22000000
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
3000000
CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
4000000
CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
5163000000
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
1000000
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
3000000
CY2024Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
388000000
CY2023Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
330000000
CY2024Q1 us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
7000000
CY2024Q1 us-gaap Share Based Compensation
ShareBasedCompensation
26000000
CY2023Q1 us-gaap Share Based Compensation
ShareBasedCompensation
24000000
CY2024Q1 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
-5000000
CY2023Q1 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
-7000000
CY2024Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
9000000
CY2023Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
7000000
CY2024Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-4000000
CY2023Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-1000000
CY2024Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
9000000
CY2023Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-2000000
CY2024Q1 us-gaap Increase Decrease In Pension And Postretirement Obligations
IncreaseDecreaseInPensionAndPostretirementObligations
-146000000
CY2023Q1 us-gaap Increase Decrease In Pension And Postretirement Obligations
IncreaseDecreaseInPensionAndPostretirementObligations
-7000000
CY2024Q1 us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
27000000
CY2023Q1 us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
30000000
CY2024Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-33000000
CY2023Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-6000000
CY2024Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
335000000
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
389000000
CY2024Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
666000000
CY2023Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
1154000000
CY2023Q1 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
225000000
CY2024Q1 us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
850000000
CY2023Q1 us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
1075000000
CY2024Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-2000000
CY2024Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
186000000
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-304000000
CY2024Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
4000000
CY2023Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
4000000
CY2023Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
750000000
CY2024Q1 us-gaap Repayments Of Longterm Loans From Vendors
RepaymentsOfLongtermLoansFromVendors
363000000
CY2023Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
13000000
CY2024Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
7000000
CY2023Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
5000000
CY2024Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
43000000
CY2023Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3000000
CY2024Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-6000000
CY2024Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-423000000
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
725000000
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
98000000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
810000000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1239000000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
322000000
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1337000000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1132000000
CY2024Q1 us-gaap Interest Paid Net
InterestPaidNet
149000000
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
83000000
CY2024Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-13000000
CY2023Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
5000000
CY2024Q1 fybr Number Of Subscribers
NumberOfSubscribers
3000000
CY2024Q1 dei Entity Number Of Employees
EntityNumberOfEmployees
13200
CY2024Q1 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
25
CY2024Q1 us-gaap Use Of Estimates
UseOfEstimates
<span style="white-space:pre-wrap; font-family: 'Arial', 'sans-serif';font-size: 10pt;font-style: normal;font-weight: normal;letter-spacing: 0;margin: 0;padding: 0;text-decoration: underline;">Basis of Presentation and Use of Estimates</span><span style="white-space:pre-wrap; font-family: 'Arial', 'sans-serif';font-size: 10pt;font-style: normal;font-weight: normal;letter-spacing: 0;margin: 0;padding: 0;">:</span><p dir="ltr" style="font-family: 'Arial', 'sans-serif';font-size: 10pt;line-height: 108%;margin-bottom: .001pt;margin-left: 0.63in;margin-right: 0;margin-top: 0;text-align: justify;"><span style="white-space:pre-wrap; font-family: 'Arial', 'sans-serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">Our interim unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) and should be read in conjunction with the consolidated financial statements and notes included in our Annual Report on Form 10-K for the year ended December 31, 2023. The consolidated financial statements include the accounts of Frontier Communications Parent, Inc., all consolidated subsidiaries and variable interest entities of which the Company is the primary beneficiary. All significant intercompany balances and transactions have been eliminated in consolidation. These interim unaudited consolidated financial statements include all adjustments (consisting of normal recurring accruals) considered necessary, in the opinion of Frontier’s management, to present fairly the results for the interim periods shown. Revenues, net income, and cash flows for any interim periods are not necessarily indicative of results that may be expected for the full year. </span></p><p dir="ltr" style="font-family: 'Arial', 'sans-serif';font-size: 10pt;line-height: 108%;margin-bottom: .001pt;margin-left: 0.63in;margin-right: 0;margin-top: 0;text-align: justify;"><span style="white-space:pre-wrap; font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> </span></p><p dir="ltr" style="font-family: 'Arial', 'sans-serif';font-size: 10pt;line-height: 108%;margin-bottom: .001pt;margin-left: 0.63in;margin-right: 0;margin-top: 0;text-align: justify;"><span style="white-space:pre-wrap; font-family: 'Arial', 'sans-serif';font-size: 10pt;font-style: normal;font-weight: normal;letter-spacing: 0;margin: 0;padding: 0;">We operate in </span><span style="white-space:pre-wrap; font-family: 'Arial', 'sans-serif';font-size: 10pt;font-style: normal;font-weight: normal;letter-spacing: 0;margin: 0;padding: 0;">one</span><span style="white-space:pre-wrap; font-family: 'Arial', 'sans-serif';font-size: 10pt;font-style: normal;font-weight: normal;letter-spacing: 0;margin: 0;padding: 0;"> reportable segment. Frontier provides both regulated and unregulated voice, data and video services to consumer, business, and wholesale customers and is typically the incumbent voice services provider in its service areas. </span><span style="white-space:pre-wrap; font-family: 'Arial', 'sans-serif';font-size: 10pt;font-style: normal;font-weight: normal;letter-spacing: 0;margin: 0;padding: 0;">Certain reclassifications of prior period balances have been made to conform to the current period presentation. </span><span style="white-space:pre-wrap; font-family: 'Arial', 'sans-serif';font-size: 10pt;font-style: normal;font-weight: normal;letter-spacing: 0;margin: 0;padding: 0;">For our interim financial statements as of and for the period ended March 31, 2024, we evaluated subsequent events and transactions for potential recognition or disclosure through the date that we filed this Form 10-Q with the Securities and Exchange Commission (“SEC”).</span></p><p dir="ltr" style="font-family: 'Arial', 'sans-serif';font-size: 10pt;line-height: 108%;margin-bottom: .001pt;margin-left: 0.63in;margin-right: 0;margin-top: 0;text-align: justify;"><span style="white-space:pre-wrap; font-size: 10pt;font-style: normal;font-weight: normal;letter-spacing: 0;margin: 0;padding: 0;"> </span></p><p dir="ltr" style="font-family: 'Arial', 'sans-serif';font-size: 10pt;line-height: 108%;margin-bottom: .001pt;margin-left: 0.63in;margin-right: 0;margin-top: 0;text-align: justify;"><span style="white-space:pre-wrap; font-family: 'Arial', 'sans-serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">The preparation of our financial statements in conformity with GAAP requires management to make estimates and assumptions that affect (i) the reported amounts of assets and liabilities at the date of the financial statements, (ii) the disclosure of contingent assets and liabilities, and (iii) the reported amounts of revenue and expenses during the reporting period. Actual results may differ from those estimates. Estimates and judgments are used when accounting for the application of allowance for credit losses, asset impairments, indefinite-lived intangibles, depreciation and amortization, income taxes, and pension and other postretirement benefits, among others.</span></p><p dir="ltr" style="font-family: 'Arial', 'sans-serif';font-size: 10pt;line-height: 108%;margin-bottom: .001pt;margin-left: 0.63in;margin-right: 0;margin-top: 0;text-align: justify;"><span style="white-space:pre-wrap; font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> </span></p>
CY2024Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2024Q1 us-gaap Restricted Cash
RestrictedCash
41000000
CY2024Q1 us-gaap Short Term Investments
ShortTermInvestments
225000000
CY2024Q1 fybr Letter Of Credit Issued Amount Included In Other Assets
LetterOfCreditIssuedAmountIncludedInOtherAssets
62000000
CY2024Q1 fybr Annual Support Accepted For Commitment Rural Program
AnnualSupportAcceptedForCommitmentRuralProgram
37000000
CY2023Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
30000000
CY2024Q1 fybr Number Of Stock Plans
NumberOfStockPlans
1
CY2023Q1 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
17000000
CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1446000000
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1418000000
CY2024Q1 fybr Subsidy And Other Regulatory Revenue
SubsidyAndOtherRegulatoryRevenue
16000000
CY2023Q1 fybr Subsidy And Other Regulatory Revenue
SubsidyAndOtherRegulatoryRevenue
22000000
CY2024Q1 us-gaap Revenues
Revenues
1462000000
CY2023Q1 us-gaap Revenues
Revenues
1440000000
CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1446000000
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1418000000
CY2024Q1 fybr Subsidy And Other Regulatory Revenue
SubsidyAndOtherRegulatoryRevenue
16000000
CY2023Q1 fybr Subsidy And Other Regulatory Revenue
SubsidyAndOtherRegulatoryRevenue
22000000
CY2024Q1 us-gaap Revenues
Revenues
1462000000
CY2023Q1 us-gaap Revenues
Revenues
1440000000
CY2024Q1 us-gaap Lease Income
LeaseIncome
13000000
CY2023Q1 us-gaap Lease Income
LeaseIncome
15000000
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
33000000
CY2023Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
17000000
CY2024Q1 fybr Contract With Customer Liability Reclassified To Receivable Current
ContractWithCustomerLiabilityReclassifiedToReceivableCurrent
8000000
CY2024Q1 fybr Contract With Customer Liability Revenue Recognized Noncurrent
ContractWithCustomerLiabilityRevenueRecognizedNoncurrent
5000000
CY2024Q1 fybr Contract With Customer Liability Credits Granted Excluding Amounts Recognized As Revenue Current
ContractWithCustomerLiabilityCreditsGrantedExcludingAmountsRecognizedAsRevenueCurrent
8000000
CY2024Q1 fybr Contract With Customer Liability Credits Granted Excluding Amounts Recognized As Revenue Noncurrent
ContractWithCustomerLiabilityCreditsGrantedExcludingAmountsRecognizedAsRevenueNoncurrent
3000000
CY2024Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
33000000
CY2024Q1 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
15000000
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
27000000
CY2022Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
17000000
CY2023Q1 fybr Contract With Customer Liability Reclassified To Receivable Current
ContractWithCustomerLiabilityReclassifiedToReceivableCurrent
9000000
CY2023Q1 fybr Contract With Customer Liability Revenue Recognized Noncurrent
ContractWithCustomerLiabilityRevenueRecognizedNoncurrent
3000000
CY2023Q1 fybr Contract With Customer Liability Credits Granted Excluding Amounts Recognized As Revenue Current
ContractWithCustomerLiabilityCreditsGrantedExcludingAmountsRecognizedAsRevenueCurrent
10000000
CY2023Q1 fybr Contract With Customer Liability Credits Granted Excluding Amounts Recognized As Revenue Noncurrent
ContractWithCustomerLiabilityCreditsGrantedExcludingAmountsRecognizedAsRevenueNoncurrent
5000000
CY2023Q1 fybr Contract With Customer Liability Reclassified Between Current And Noncurrent Current
ContractWithCustomerLiabilityReclassifiedBetweenCurrentAndNoncurrentCurrent
2000000
CY2023Q1 fybr Contract With Customer Liability Reclassified Between Current And Noncurrent Noncurrent
ContractWithCustomerLiabilityReclassifiedBetweenCurrentAndNoncurrentNoncurrent
-2000000
CY2024Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
437000000
CY2024Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
202000000
CY2024Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
104000000
CY2024Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
21000000
CY2024Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
11000000
CY2024Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
5000000
CY2024Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
780000000
CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
64000000
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
53000000
CY2024Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
447000000
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
446000000
CY2024Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
9000000
CY2023Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
7000000
CY2024Q1 us-gaap Deferred Credits And Other Liabilities Current
DeferredCreditsAndOtherLiabilitiesCurrent
154000000
CY2023Q4 us-gaap Deferred Credits And Other Liabilities Current
DeferredCreditsAndOtherLiabilitiesCurrent
143000000
CY2024Q1 us-gaap Repayments Of Debt
RepaymentsOfDebt
4000000
CY2024Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
11227000000
CY2023Q4 us-gaap Debt Instrument Unamortized Discount Current
DebtInstrumentUnamortizedDiscountCurrent
71000000
CY2024Q1 us-gaap Debt Instrument Unamortized Discount Current
DebtInstrumentUnamortizedDiscountCurrent
68000000
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
15000000
CY2024Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
15000000
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
53000000
CY2024Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
9000000
CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
12000000
CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
10000000
CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
64000000
CY2024Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
16986000000
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
16324000000
CY2024Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2690000000
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2391000000
CY2024Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
14296000000
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
13933000000
CY2024Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
666000000
CY2024Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
156000000
CY2024Q1 fybr Vendor Financing Payments
VendorFinancingPayments
363000000
CY2023 fybr Vendor Financing Payments
VendorFinancingPayments
205000000
CY2024Q1 fybr Accounts Payable Associated With Capital
AccountsPayableAssociatedWithCapital
500000000
CY2024Q1 fybr Vendor Financing Payables Associated With Capital Expenditures
VendorFinancingPayablesAssociatedWithCapitalExpenditures
50000000
CY2024Q1 us-gaap Interest Costs Incurred
InterestCostsIncurred
12000000
CY2023Q4 us-gaap Debt Instrument Unamortized Premium Current
DebtInstrumentUnamortizedPremiumCurrent
64000000
CY2024Q1 us-gaap Debt Instrument Unamortized Premium Current
DebtInstrumentUnamortizedPremiumCurrent
52000000
CY2023Q4 fybr Debt Instrument Unamortized Fair Value Adjustment
DebtInstrumentUnamortizedFairValueAdjustment
-165000000
CY2024Q1 fybr Debt Instrument Unamortized Fair Value Adjustment
DebtInstrumentUnamortizedFairValueAdjustment
-148000000
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
11246000000
CY2024Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
11240000000
CY2024Q1 fybr Long Term Debt Fair Value Adjustment
LongTermDebtFairValueAdjustment
236000000
CY2024Q1 us-gaap Depreciation
Depreciation
308000000
CY2023Q1 us-gaap Depreciation
Depreciation
250000000
CY2023Q1 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0
CY2024Q1 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0
CY2024Q1 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
4441000000
CY2024Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
936000000
CY2024Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
3505000000
CY2023Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
4441000000
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
856000000
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
3585000000
CY2024Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
80000000
CY2023Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
80000000
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
11231000000
CY2024Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
11227000000
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
11231000000
CY2024Q1 us-gaap Restructuring Charges
RestructuringCharges
34000000
CY2023Q1 us-gaap Restructuring Charges
RestructuringCharges
8000000
CY2023Q4 us-gaap Restructuring Reserve
RestructuringReserve
10000000
CY2024Q1 us-gaap Severance Costs1
SeveranceCosts1
12000000
CY2024Q1 us-gaap Other Restructuring Costs
OtherRestructuringCosts
22000000
CY2024Q1 us-gaap Payments For Restructuring
PaymentsForRestructuring
30000000
CY2024Q1 us-gaap Restructuring Reserve
RestructuringReserve
14000000
CY2024Q1 us-gaap Interest And Dividend Income Securities
InterestAndDividendIncomeSecurities
18000000
CY2023Q1 us-gaap Interest And Dividend Income Securities
InterestAndDividendIncomeSecurities
21000000
CY2024Q1 us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
-12000000
CY2023Q1 us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
-4000000
CY2024Q1 fybr Opeb Costs Benefit
OpebCostsBenefit
-1000000
CY2023Q1 fybr Opeb Costs Benefit
OpebCostsBenefit
-3000000
CY2024Q1 fybr Opeb Remeasurement
OpebRemeasurement
9000000
CY2023Q1 fybr Opeb Remeasurement
OpebRemeasurement
-20000000
CY2024Q1 fybr Pension Remeasurement Gain Loss
PensionRemeasurementGainLoss
74000000
CY2024Q1 fybr Investment And Other Nonoperating Income Expense Net
InvestmentAndOtherNonoperatingIncomeExpenseNet
112000000
CY2023Q1 fybr Investment And Other Nonoperating Income Expense Net
InvestmentAndOtherNonoperatingIncomeExpenseNet
2000000
CY2024Q1 fybr Pension Remeasurement Gain Loss
PensionRemeasurementGainLoss
74000000
CY2024Q1 fybr Opeb Remeasurement
OpebRemeasurement
9000000
CY2023Q1 fybr Opeb Remeasurement
OpebRemeasurement
-20000000
CY2024Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2023Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2024Q1 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.120
CY2023Q1 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.125
CY2024Q1 fybr Effective Income Tax Rate Reconciliation Federal Tax Refund True Up
EffectiveIncomeTaxRateReconciliationFederalTaxRefundTrueUp
0.332
CY2024Q1 fybr Effective Income Tax Rate Reconciliation Tax Reserve Adjustment
EffectiveIncomeTaxRateReconciliationTaxReserveAdjustment
-0.004
CY2023Q1 fybr Effective Income Tax Rate Reconciliation Tax Reserve Adjustment
EffectiveIncomeTaxRateReconciliationTaxReserveAdjustment
-0.019
CY2024Q1 fybr Effective Income Tax Rate Reconciliation Tax Credit1
EffectiveIncomeTaxRateReconciliationTaxCredit1
0.007
CY2023Q1 fybr Effective Income Tax Rate Reconciliation Tax Credit1
EffectiveIncomeTaxRateReconciliationTaxCredit1
0.039
CY2024Q1 fybr Effective Income Tax Rate Reconciliation Nondeductible Expense Executive Compensation
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseExecutiveCompensation
-0.027
CY2023Q1 fybr Effective Income Tax Rate Reconciliation Nondeductible Expense Executive Compensation
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseExecutiveCompensation
-0.114
CY2024Q1 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.001
CY2023Q1 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.034
CY2024Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.637
CY2023Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.207
CY2024Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
303000000
CY2024Q1 fybr Deferred Tax Assets Valuation Allowance Net Of Federal Benefit
DeferredTaxAssetsValuationAllowanceNetOfFederalBenefit
240000000
CY2024Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1000000
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3000000
CY2024Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
1000000
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
3000000
CY2024Q1 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
246301000
CY2023Q1 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
245081000
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
246301000
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
245081000
CY2024Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.00
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.01
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
246301000
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
245081000
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
247040000
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
246425000
CY2024Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.00
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.01
CY2024Q1 fybr Pension Remeasurement Gain Loss
PensionRemeasurementGainLoss
74000000
CY2024Q1 fybr Opeb Remeasurement
OpebRemeasurement
9000000
CY2023Q1 fybr Capitalization Of Pension And Opeb Expense Related To Engineering And Plant Construction
CapitalizationOfPensionAndOpebExpenseRelatedToEngineeringAndPlantConstruction
4000000
CY2024Q1 fybr Capitalization Of Pension And Opeb Expense Related To Engineering And Plant Construction
CapitalizationOfPensionAndOpebExpenseRelatedToEngineeringAndPlantConstruction
4000000
CY2024Q1 fybr Affordable Connectivity Program Amount Per Month Provided To Qualified Customers
AffordableConnectivityProgramAmountPerMonthProvidedToQualifiedCustomers
30
CY2024Q1 fybr Affordable Connectivity Program Amount Per Month Provided To Qualified Customers On Tribal Lands
AffordableConnectivityProgramAmountPerMonthProvidedToQualifiedCustomersOnTribalLands
75
CY2024Q1 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
884000000
CY2024Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
672000000
CY2023Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
1100000000
CY2023Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
857000000
CY2024Q1 fybr Vendor Financing Liabilities Included In Other Current Liabilities
VendorFinancingLiabilitiesIncludedInOtherCurrentLiabilities
52000000
CY2024Q1 fybr Capital Expenditure Associated With Vendor Financing Payments
CapitalExpenditureAssociatedWithVendorFinancingPayments
50000000
CY2024Q1 fybr Vendor Financing Payments
VendorFinancingPayments
363000000

Files In Submission

Name View Source Status
0001562762-24-000120-index-headers.html Edgar Link pending
0001562762-24-000120-index.html Edgar Link pending
0001562762-24-000120.txt Edgar Link pending
0001562762-24-000120-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
fybr-20240331.xsd Edgar Link pending
fybr-20240331x10q.htm Edgar Link pending
fybr-20240331x10qg001.jpg Edgar Link pending
fybr-20240331xex31_1.htm Edgar Link pending
fybr-20240331xex31_2.htm Edgar Link pending
fybr-20240331xex32.htm Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
fybr-20240331_cal.xml Edgar Link unprocessable
fybr-20240331_pre.xml Edgar Link unprocessable
fybr-20240331_lab.xml Edgar Link unprocessable
fybr-20240331_def.xml Edgar Link unprocessable
fybr-20240331x10q_htm.xml Edgar Link completed
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending