Frontier Communications Parent, Inc. (FYBR) is a telecommunications company that provides a range of communication and broadband services to residential and business customers. The company operates through various segments, including residential services, small business services, enterprise services, and wholesale services. Frontier Communications Parent, Inc. offers voice, data, and video services, as well as Internet access and network services. The company serves customers in various states across the United States. In the fiscal year, Frontier Communications Parent, Inc. generated total revenue of approximately $8.6 billion.
The company's income statement shows that Frontier Communications Parent, Inc. had a gross profit of around $4.2 billion. Its operating expenses, including selling, general, and administrative expenses, amounted to approximately $3.8 billion. As a result, the company reported an operating income of about $400 million. After accounting for interest and taxes, Frontier Communications Parent, Inc. had a net income from stockholders of approximately $150 million.
Frontier Communications Parent, Inc.'s balance sheet reveals that the company has total assets worth around $23 billion. Its total liabilities, including both long-term and short-term debt, amount to approximately $20 billion. As a result, the company has a stockholders equity of about $3 billion. Frontier Communications Parent, Inc.'s cash equivalents, which include cash and short-term investments, are approximately $100 million. The company also has net debt of around $19 billion.
In terms of cash flow, Frontier Communications Parent, Inc. had operating cash flow of approximately $1 billion. Its investing cash flow, which includes capital expenditures and acquisitions, amounted to about -$600 million. The company's financing cash flow, which includes dividends and debt repayments, was approximately -$400 million. As a result, Frontier Communications Parent, Inc. reported free cash flow of around $400 million.
Overall, Frontier Communications Parent, Inc. is a telecommunications company that offers a range of communication services to residential and business customers. The company has a solid financial position with significant total revenue, gross profit, and net income. However, it also carries a substantial amount of debt, which affects its net debt and total liabilities. Frontier Communications Parent, Inc. continues to focus on improving its operations and expanding its customer base to drive future growth.