Frontier Group Holdings Inc
For the period ended Mar 31, 2024. Filed May 2, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 2, 2024
ULCC$8.09-3.1%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
(unaudited, in millions)
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net income (loss) | $(26) | $(13) |
| Deferred income taxes | 2 | (4) |
| Depreciation and amortization | 16 | 11 |
| Gains recognized on sale-leaseback transactions | (71) | (40) |
| Stock-based compensation | 4 | 4 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (4) | 19 |
| Supplies and other current assets | 4 | — |
| Aircraft maintenance deposits | (4) | (4) |
| Other long-term assets | (48) | (37) |
| Accounts payable | 5 | (8) |
| Air traffic liability | 75 | 111 |
| Other liabilities | 25 | (64) |
| Cash used in operating activities | (22) | (25) |
| Cash flows from investing activities: | ||
| Capital expenditures | (17) | (11) |
| Pre-delivery deposits for flight equipment, net of refunds | 13 | 23 |
| Other | (3) | (2) |
| Cash provided by (used in) investing activities | (7) | 10 |
| Cash flows from financing activities: | ||
| Proceeds from issuance of debt, net of issuance costs | 69 | 36 |
| Principal repayments on debt | (74) | (38) |
| Proceeds from sale-leaseback transactions | 48 | 51 |
| Proceeds from the exercise of stock options | 1 | — |
| Tax withholdings on share-based awards | (2) | (5) |
| Cash provided by financing activities | 42 | 44 |
| Net increase in cash, cash equivalents and restricted cash | 13 | 29 |
| Cash, cash equivalents and restricted cash, beginning of period | 609 | 761 |
| Cash, cash equivalents and restricted cash, end of period | $622 | $790 |
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