Trade Frontier Communications Parent Inc - FYBR CFD

Frontier Communications Parent, Inc. Company profile

About Frontier Communications Parent Inc

Frontier Communications Parent Inc is engaged in offering services to residential and business customers. The Company’s fiber-optic and copper networks includes video, high-speed Internet, advanced voice, and Frontier Secure digital protection solutions. The Company’s Frontier Business offers communications solutions to small, medium, and enterprise businesses. Its services are delivered to consumer and commercial customers over both fiber and copper-based networks.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Frontier Communications Parent Inc revenues decreased 10% to $6.41B. Net income totaled $4.96B vs. loss of $402M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net Income reflects Reorganization items, net decrease from $409M (expense) to $4.17B (income), Interest Expense - Balancing value decrease of 51% to $365M (expense).

Equity composition

Common Stock $.25 Par, 03/11, 1.75B auth., 1,027,986,000 issd., less 32,761,000 shs. in Treas. @ $414.7M. Insiders own 0.27%. PO:5/97, 2/97, 8/96, 5/96, 1.6% divd.; 11/96 2/96,11/95, 8/95, 5/95, 2/95, 5/92, 12/91, 8/91, 5/91, 3/91. 07/08, Name changed from Citizens Communications Co.