Frontier Group Holdings Inc
For the period ended Sep 30, 2024. Filed Oct 29, 2024.
View on SEC.govAbout this filing
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.
Sep 30, 2024 · Filed Oct 29, 2024
ULCC$8.09-3.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows
(unaudited, in millions)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net income | $31 | $26 |
| Deferred income taxes | 3 | — |
| Depreciation and amortization | 53 | 36 |
| Gains recognized on sale-leaseback transactions | (218) | (97) |
| Stock-based compensation | 12 | 10 |
| Loss on extinguishment of debt | 1 | — |
| Amortization of cash flow hedges, net of tax | — | 1 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable, net | (53) | 12 |
| Supplies and other current assets | 4 | (18) |
| Aircraft maintenance deposits | 82 | (13) |
| Other long-term assets | (142) | (132) |
| Accounts payable | 2 | 24 |
| Air traffic liability | 39 | (6) |
| Other liabilities | 17 | (50) |
| Cash used in operating activities | (169) | (207) |
| Cash flows from investing activities: | ||
| Capital expenditures | (62) | (37) |
| Pre-delivery deposits for flight equipment, net of refunds | 17 | (52) |
| Other | (1) | (2) |
| Cash used in investing activities | (46) | (91) |
| Cash flows from financing activities: | ||
| Proceeds from issuance of debt, net of issuance costs | 418 | 141 |
| Principal repayments on debt | (420) | (84) |
| Proceeds from sale-leaseback transactions | 185 | 124 |
| Proceeds from the exercise of stock options | 1 | 1 |
| Tax withholdings on share-based awards | (2) | (5) |
| Cash provided by financing activities | 182 | 177 |
| Net decrease in cash, cash equivalents and restricted cash | (33) | (121) |
| Cash, cash equivalents and restricted cash, beginning of period | 609 | 761 |
| Cash, cash equivalents and restricted cash, end of period | $576 | $640 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.