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.
Type
Public
HQ
Norwalk, US
Founded
1935
Size (employees)
28,300 (est)
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

Frontier Communications Corporation Data and Metrics

Frontier Communications Corporation Financial Metrics

Frontier Communications Corporation's revenue was reported to be $8.9 b in FY, 2016 which is a 60% increase from the previous period.
$, USD

Revenue (FY, 2016)

8.9 b

Revenue growth (FY, 2015 - FY, 2016), %

60%

Net income (FY, 2016)

(373 m)

EBIT (FY, 2016)

888 m

Market capitalization (09-Jun-2017)

1.5 b

Closing share price (09-Jun-2017)

1.2

Cash (31-Dec-2016)

522 m

EV

18.9 b
Frontier Communications Corporation's current market capitalization is $1.5 b.
$, USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

4.8 b4.8 b5.6 b8.9 b

Revenue growth, %

0%17%60%

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)
$, 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
$, USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

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

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
$, USDY, 2016

EV/EBIT

21.2 x

EV/CFO

11.3 x

EV/FCF

71.1 x

Revenue/Employee

314.3 k

Debt/Equity

4 x

Debt/Assets

0.6 x

Financial Leverage

6.4 x

Frontier Communications Corporation Operating Metrics

Frontier Communications Corporation's Customers was reported to be 5.4 m in 2016. Frontier Communications Corporation's Broadband Subscribers was reported to be 4.3 m in 2016
Y, 2016

Broadband Subscribers

4.3 m

Customers

5.4 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

Frontier Communications Corporation Online and Social Media Presence

Frontier Communications Corporation Company Life and Culture

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