Frontier Communications Corporation

Frontier Communications Corporation (NASDAQ: FTR) offers broadband, video, voice, satellite video, wireless Internet data access, data security solutions, bundled product and service offerings, specialized bundles for small businesses and home offices, and advanced business communications for medium and large businesses in 28 states with approximately 17,400 employees based entirely in the United States. Frontier Communications is the largest communications company with a focus on providing services predominantly to rural areas and small and medium-sized towns and cities in the United States. Frontier was incorporated in the state of Delaware in 1935, originally under the name of Citizens Utilities Company, and was known as Citizens Communications Company from 2000 until July 31, 2008. Our mission is to be the leader in providing communications services to residential and business customers in our markets. We are committed to delivering innovative and reliable products and solutions with an emphasis on convenience, reliable service, and customer satisfaction. We offer a variety of voice, data, and television (TV) services and products, some that are available on a standalone basis, and others that are available as bundled or packaged solutions. We believe that our local engagement structure of working and living where we provide service and innovative product positioning will continue to differentiate us from our competitors in the markets in which we compete.
Company Growth (employees)
Type
Public
HQ
Norwalk, US
Founded
1935
Size (employees)
26,878 (est)-5%
Frontier Communications Corporation was founded in 1935 and is headquartered in Norwalk, US

Frontier Communications Corporation Office Locations

Frontier Communications Corporation has offices in Norwalk, Dallas, Tampa, Washington and in 14 other locations
Norwalk, US (HQ)
401 Merritt 7
Show all (18)

Frontier Communications Corporation Data and Metrics

Frontier Communications Corporation Financial Metrics

Frontier Communications Corporation's revenue was reported to be $2.4 b in Q1, 2017
USD

Revenue (Q1, 2017)

2.4 b

Net income (Q1, 2017)

(75 m)

EBIT (Q1, 2017)

271 m

Market capitalization (18-Aug-2017)

1.1 b

Cash (31-Mar-2017)

341 m
Frontier Communications Corporation's current market capitalization is $1.1 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

4.8 b4.8 b5.6 b8.9 b

Revenue growth, %

0%17%60%

General and administrative expense

2.1 b

Operating expense total

3.8 b4 b4.8 b8 b

EBIT

980.7 m819.9 m745 m888 m

EBIT margin, %

21%17%13%10%

Interest expense

667.4 m695.5 m1.1 b1.5 b

Pre tax profit

162.7 m163.4 m(361 m)(623 m)

Income tax expense

47.2 m(30.5 m)165 m250 m

Net Income

115.5 m132.9 m(196 m)(373 m)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

1.1 b1.1 b1.4 b1.4 b1.4 b1.4 b2.6 b2.5 b2.4 b

General and administrative expense

330 m331 m344 m357 m596 m593 m544 m

Operating expense total

330 m331 m344 m357 m596 m593 m544 m

EBIT

224.3 m197 m163 m193 m207 m58 m311 m264 m271 m

EBIT margin, %

20%17%12%14%15%4%12%10%12%

Interest expense

167.6 m170.4 m245 m260 m246 m373 m386 m386 m388 m

Pre tax profit

56.7 m51.8 m(81 m)(66 m)(38 m)(304 m)(75 m)(126 m)(114 m)

Income tax expense

19 m9.8 m(30 m)(38 m)(24 m)(118 m)(48 m)(46 m)(39 m)

Net Income

77 m118.9 m(51 m)(79 m)(93 m)(186 m)(213 m)(293 m)(75 m)
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

880 m682.1 m936 m522 m

Current Assets

1.6 b1.5 b10.1 b1.7 b

PP&E

7.3 b8.6 b8.5 b14.9 b

Goodwill

6.3 b7.2 b7.2 b9.7 b

Total Assets

16.6 b19 b27.1 b29 b

Accounts Payable

327.3 m379.3 m467 m698 m

Total Debt

8.1 b9.8 b15.9 b17.9 b

Current Liabilities

1.3 b1.5 b1.9 b2.4 b

Additional Paid-in Capital

4.3 b4 b6 b5.3 b

Retained Earnings

76.1 m108.8 m(87 m)(460 m)

Total Equity

4.1 b3.7 b5.6 b4.5 b

Debt to Equity Ratio

2 x2.7 x2.8 x4 x

Debt to Assets Ratio

0.5 x0.5 x0.6 x0.6 x

Financial Leverage

4.1 x5.2 x4.8 x6.4 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

801.7 m808.5 m509 m1.2 b1 b500 m683 m331 m341 m

Current Assets

1.4 b2.9 b1.4 b4.1 b10.2 b9.6 b1.9 b1.6 b1.4 b

PP&E

7.2 b7.2 b8.5 b8.4 b8.4 b8.5 b16.2 b14.9 b14.6 b

Goodwill

6.3 b6.3 b7.2 b7.2 b7.2 b7.2 b9.2 b9.5 b9.8 b

Total Assets

16.2 b17.6 b18.7 b21.3 b27.4 b26.5 b29.5 b29 b28.4 b

Accounts Payable

275.1 m282.8 m260 m324 m335 m474 m722 m700 m532 m

Current Liabilities

1.3 b1.3 b1.4 b1.4 b1.4 b1.7 b3.2 b2.4 b2.1 b

Additional Paid-in Capital

4.1 b4 b3.9 b6.4 b6.2 b5.8 b5.6 b5.5 b5 b

Retained Earnings

153.1 m195.1 m58 m30 m16 m(273 m)(300 m)(380 m)(534 m)

Total Equity

3.9 b3.9 b3.5 b6 b5.9 b5.3 b5.1 b4.8 b4.3 b

Financial Leverage

4.1 x4.5 x5.3 x3.5 x4.7 x5 x5.8 x6.1 x6.6 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

115.5 m132.9 m(196 m)(373 m)

Depreciation and Amortization

2 b

Accounts Receivable

50.5 m(61.5 m)62 m(19 m)

Cash From Operating Activities

1.5 b1.3 b1.3 b1.7 b

Capital Expenditures

(634.7 m)(688.1 m)(863 m)(1.4 b)

Cash From Investing Activities

(542.5 m)(2.7 b)(9.3 b)(11.3 b)

Dividends Paid

(399.8 m)(400.9 m)(120 m)(214 m)

Cash From Financing Activities

(1.4 b)1.2 b8.3 b735 m

Interest Paid

667.8 m655.5 m728 m1.5 b

Free Cash Flow

860.9 m582 m438 m265 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

77 m118.9 m(51 m)(79 m)(93 m)(186 m)(213 m)(293 m)(75 m)

Depreciation and Amortization

554.9 m815.8 m341 m676 m1 b316 m891 m1.5 b579 m

Accounts Receivable

15.3 m16.9 m87 m77 m59 m26 m(141 m)(56 m)105 m

Cash From Operating Activities

641.1 m942.1 m249 m616 m

Cash From Investing Activities

(292.8 m)(2 b)(189 m)(2.3 b)(9.1 b)(167 m)(2.1 b)(2.5 b)(243 m)

Dividends Paid

(200.4 m)(300.6 m)(105 m)(211 m)(67 m)(54 m)(107 m)(161 m)(54 m)

Cash From Financing Activities

(426.7 m)(233 m)2.2 b(207 m)

Interest Paid

319.3 m464.3 m189 m358 m553 m524 m711 m1.3 b577 m
USDY, 2017

Revenue/Employee

85.4 k

Financial Leverage

6.6 x

Frontier Communications Corporation Operating Metrics

Frontier Communications Corporation's Customers was reported to be 5.4 m in FY, 2016, which is a 59% increase from the previous period. Frontier Communications Corporation's Broadband Subscribers was reported to be 4.1 m in Q2, 2017
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Broadband Subscribers

2.37 m222.43 m2.5 m2.49 m4.46 m4.4 m4.3 m4.16 m4.06 m

Customers

3.5 m3.4 m5.4 m

Video Subscribers

586.6 k574569560 k242 k238 k1.3 m1.53 m1.07 m1.01 m

    Frontier Communications Corporation Market Value History

    Frontier Communications Corporation Job Categories

    Frontier Communications Corporation Median Salaries

    Source: 24 public H-1B filings from Frontier Communications Corporation

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