$ULCC
Frontier Group Holdings, Inc. Stock $ulcc

$ulcc Overview Financials Valuation SEC Filings Company Website

2023 Q3 Form 10-Q Financial Statement

#000167007623000071 Filed on August 01, 2023

Income Statement

Concept	2023 Q3	2023 Q2
Revenue	$883.0M	$967.0M
YoY Change	-2.54%	6.38%
Cost Of Revenue	$441.0M	$392.0M
YoY Change	-1.12%	-16.24%
Gross Profit	$442.0M	$575.0M
YoY Change	-3.91%	30.39%
Gross Profit Margin	50.06%	59.46%
Selling, General & Admin	$443.0M	$431.0M
YoY Change	20.71%	16.17%
% of Gross Profit	100.23%	74.96%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$13.00M	$12.00M
YoY Change	62.5%	-20.0%
% of Gross Profit	2.94%	2.09%
Operating Expenses	$496.0M	$496.0M
YoY Change	19.23%	16.71%
Operating Profit	-$54.00M	$79.00M
YoY Change	-196.43%	1028.57%
Interest Expense	$9.000M	$9.000M
YoY Change	350.0%	800.0%
% of Operating Profit		11.39%
Other Income/Expense, Net	$9.000M	$9.000M
YoY Change	350.0%	800.0%
Pretax Income	-$45.00M	$88.00M
YoY Change	-177.59%	1000.0%
Income Tax	-$13.00M	$17.00M
% Of Pretax Income		19.32%
Net Earnings	-$32.00M	$71.00M
YoY Change	-203.23%	446.15%
Net Earnings / Revenue	-3.62%	7.34%
Basic Earnings Per Share	-$0.14	$0.32
Diluted Earnings Per Share	-$0.14	$0.32
COMMON SHARES
Basic Shares Outstanding	220.7M shares	218.5M shares
Diluted Shares Outstanding	220.8M shares	220.4M shares

Balance Sheet

Concept	2023 Q3	2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$640.0M	$780.0M
YoY Change	-5.04%	1.83%
Cash & Equivalents	$640.0M	$780.0M
Short-Term Investments
Other Short-Term Assets	$112.0M	$73.00M
YoY Change	13.13%	2.82%
Inventory
Prepaid Expenses	$29.00M	$23.00M
Receivables	$109.0M	$91.00M
Other Receivables	$82.00M	$65.00M
Total Short-Term Assets	$936.0M	$1.009B
YoY Change	4.93%	5.77%
LONG-TERM ASSETS
Property, Plant & Equipment	$282.0M	$2.898B
YoY Change	32.39%	1386.15%
Goodwill
YoY Change
Intangibles	$28.00M	$28.00M
YoY Change	0.0%	0.0%
Long-Term Investments
YoY Change
Other Assets	$349.0M	$773.0M
YoY Change	35.27%	187.36%
Total Long-Term Assets	$3.999B	$3.699B
YoY Change	19.23%	12.4%
TOTAL ASSETS
Total Short-Term Assets	$936.0M	$1.009B
Total Long-Term Assets	$3.999B	$3.699B
Total Assets	$4.935B	$4.708B
YoY Change	16.23%	10.91%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$109.0M	$91.00M
YoY Change	39.74%	-10.78%
Accrued Expenses	$666.0M	$628.0M
YoY Change	15.63%	7.17%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$266.0M	$237.0M
YoY Change	37.82%	47.2%
Total Short-Term Liabilities	$1.689B	$1.645B
YoY Change	16.32%	6.13%
LONG-TERM LIABILITIES
Long-Term Debt	$220.0M	$193.0M
YoY Change	-3.51%	-8.96%
Other Long-Term Liabilities	$128.0M	$2.304B
YoY Change	39.13%	3805.08%
Total Long-Term Liabilities	$348.0M	$2.497B
YoY Change	8.75%	821.4%
TOTAL LIABILITIES
Total Short-Term Liabilities	$1.689B	$1.645B
Total Long-Term Liabilities	$348.0M	$2.497B
Total Liabilities	$4.394B	$4.142B
YoY Change	16.3%	8.46%
SHAREHOLDERS EQUITY
Retained Earnings	$148.0M	$180.0M
YoY Change	80.49%	252.94%
Common Stock	$0.00	$0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$541.0M	$566.0M
YoY Change
Total Liabilities & Shareholders Equity	$4.935B	$4.708B
YoY Change	16.23%	10.91%

Cashflow Statement

Concept	2023 Q3	2023 Q2
OPERATING ACTIVITIES
Net Income	-$32.00M	$71.00M
YoY Change	-203.23%	446.15%
Depreciation, Depletion And Amortization	$13.00M	$12.00M
YoY Change	62.5%	-20.0%
Cash From Operating Activities	-$173.0M	-$9.000M
YoY Change	64.76%	-145.0%
INVESTING ACTIVITIES
Capital Expenditures	$14.00M	$12.00M
YoY Change	-182.35%	-271.43%
Acquisitions
YoY Change
Other Investing Activities	-$44.00M	-$31.00M
YoY Change	2.33%	82.35%
Cash From Investing Activities	-$58.00M	-$43.00M
YoY Change	-3.33%	79.17%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	91.00M	42.00M
YoY Change	24.66%	-2.33%
NET CHANGE
Cash From Operating Activities	-173.0M	-9.000M
Cash From Investing Activities	-58.00M	-43.00M
Cash From Financing Activities	91.00M	42.00M
Net Change In Cash	-140.0M	-10.00M
YoY Change	52.17%	-125.64%
FREE CASH FLOW
Cash From Operating Activities	-$173.0M	-$9.000M
Capital Expenditures	$14.00M	$12.00M
Free Cash Flow	-$187.0M	-$21.00M
YoY Change	112.5%	-177.78%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2022Q4	us-gaap	Derivative Asset Statement Of Financial Position Extensible Enumeration DerivativeAssetStatementOfFinancialPositionExtensibleEnumeration	http://fasb.org/us-gaap/2023#OtherAssetsCurrent
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CY2023Q2	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	3000000	usd
CY2023Q2	us-gaap	Stockholders Equity StockholdersEquity	566000000	usd
	fron	Number Of Airports NumberOfAirports	90	airport
	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	1	reportablesegment
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CY2022Q4	fron	Contract With Customer Liability Travel Club Revenue Current ContractWithCustomerLiabilityTravelClubRevenueCurrent	60000000	usd
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CY2023Q2	fron	Passenger Taxes And Fees Payable Current PassengerTaxesAndFeesPayableCurrent	128000000	usd
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CY2023Q2	fron	Accrued Landing Fees And Other Rentals Current AccruedLandingFeesAndOtherRentalsCurrent	49000000	usd
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CY2023Q2	fron	Accrued Fuel Costs Current AccruedFuelCostsCurrent	33000000	usd
CY2022Q4	fron	Accrued Fuel Costs Current AccruedFuelCostsCurrent	34000000	usd
CY2023Q2	fron	Leased Aircraft Return Liability Current LeasedAircraftReturnLiabilityCurrent	28000000	usd
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	us-gaap	Interest Paid InterestPaid	5000000	usd
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CY2023Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree	0	usd
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CY2022Q4	fron	Aircraft Lease Returns Liability AircraftLeaseReturnsLiability	102000000	usd
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CY2023Q2	fron	Aircraft Maintenance Deposits Expected To Be Recoverable Eligible Maintenance Performed AircraftMaintenanceDepositsExpectedToBeRecoverableEligibleMaintenancePerformed	24000000	usd
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CY2023Q2	fron	Lessee Operating Lease Maintenance Reserve Payment Due After Year Four LesseeOperatingLeaseMaintenanceReservePaymentDueAfterYearFour	5000000	usd
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	us-gaap	Operating Lease Cost OperatingLeaseCost	258000000	usd
	us-gaap	Operating Lease Cost OperatingLeaseCost	235000000	usd
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	us-gaap	Variable Lease Cost VariableLeaseCost	144000000	usd
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	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	56000000	usd
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-108000000	usd
CY2023Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	219402647	shares
CY2023Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.32
CY2022Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.06
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.26
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.49
	us-gaap	Net Income Loss NetIncomeLoss	-108000000	usd
CY2023Q2	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Diluted UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted	2000000	usd
CY2022Q2	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Diluted UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted	0	usd
	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Diluted UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted	2000000	usd
	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Diluted UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted	0	usd
CY2023Q2	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	69000000	usd
CY2022Q2	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	13000000	usd
	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	56000000	usd
	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	-108000000	usd
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	217438904	shares
CY2023Q2	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	1023012	shares
CY2022Q2	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	1334065	shares
	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	1430423	shares
	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	0	shares
CY2023Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	220425659	shares
CY2022Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	218936545	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	220223273	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	217438904	shares
CY2023Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.31
CY2022Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.06
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.26
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.49
CY2023Q2	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	2886151	shares
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	2264024	shares
CY2022Q2	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	2284417	shares
CY2023Q2	us-gaap	Restricted Cash RestrictedCash	1000000	usd
CY2022Q4	us-gaap	Restricted Cash RestrictedCash	1000000	usd
CY2023Q2	us-gaap	Costs And Expenses Related Party CostsAndExpensesRelatedParty	1000000	usd
CY2022Q2	us-gaap	Costs And Expenses Related Party CostsAndExpensesRelatedParty	1000000	usd
	us-gaap	Costs And Expenses Related Party CostsAndExpensesRelatedParty	1000000	usd
	us-gaap	Costs And Expenses Related Party CostsAndExpensesRelatedParty	1000000	usd
CY2023Q2	ecd	Non Rule10b51 Arr Trmntd Flag NonRule10b51ArrTrmntdFlag	false
CY2023Q2	ecd	Non Rule10b51 Arr Adopted Flag NonRule10b51ArrAdoptedFlag	false

Files In Submission

Name	View Source	Status
0001670076-23-000071-index-headers.html	Edgar Link	pending
0001670076-23-000071-index.html	Edgar Link	pending
0001670076-23-000071.txt	Edgar Link	pending
0001670076-23-000071-xbrl.zip	Edgar Link	pending
ex311q223.htm	Edgar Link	pending
ex312q223.htm	Edgar Link	pending
ex321q223.htm	Edgar Link	pending
ex322q223.htm	Edgar Link	pending
fghi-exhibit101.htm	Edgar Link	pending
fghi-exhibit102.htm	Edgar Link	pending
fghi-exhibit103.htm	Edgar Link	pending
fghi-exhibit104.htm	Edgar Link	pending
fghi-exhibit105.htm	Edgar Link	pending
fghi-exhibit106.htm	Edgar Link	pending
fghi-exhibit107.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
fron-20230630.htm	Edgar Link	pending
fron-20230630.xsd	Edgar Link	pending
fron-20230630_g1.jpg	Edgar Link	pending
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R23.htm	Edgar Link	pending
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fron-20230630_htm.xml	Edgar Link	completed
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report.css	Edgar Link	pending
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FilingSummary.xml	Edgar Link	unprocessable
fron-20230630_cal.xml	Edgar Link	unprocessable

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$ULCC
Frontier Group Holdings, Inc. Stock $ulcc

2023 Q3 Form 10-Q Financial Statement

#000167007623000071 Filed on August 01, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$ULCC Frontier Group Holdings, Inc. Stock $ulcc

2023 Q3 Form 10-Q Financial Statement

#000167007623000071 Filed on August 01, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$ULCC
Frontier Group Holdings, Inc. Stock $ulcc