Frontier Group Holdings Inc
For the period ended Dec 31, 2024. Filed Feb 18, 2025.
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FY2024 · Filed Feb 18, 2025
ULCC$8.09-3.1%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
(in millions)
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Cash flows from operating activities: | |||
| Net income (loss) | $85 | $(11) | $(37) |
| Adjustments to reconcile net income (loss) to cash used in operating activities: | |||
| Deferred income taxes | — | 43 | (8) |
| Depreciation and amortization | 72 | 50 | 45 |
| Gains recognized on sale-leaseback transactions | (294) | (147) | (87) |
| Loss on extinguishment of debt | 1 | — | 7 |
| Stock-based compensation | 16 | 14 | 15 |
| Amortization of cash flow hedges, net of tax | 1 | 1 | 1 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable, net | 22 | 33 | (28) |
| Supplies and other current assets | 20 | (7) | (40) |
| Aircraft maintenance deposits | 82 | (16) | (18) |
| Other long-term assets | (190) | (163) | (94) |
| Accounts payable | (15) | 47 | (4) |
| Air traffic liability | 41 | (60) | 40 |
| Other liabilities | 77 | (45) | 130 |
| Cash used in operating activities | (82) | (261) | (78) |
| Cash flows from investing activities: | |||
| Capital expenditures | (76) | (51) | (41) |
| Pre-delivery deposits for flight equipment, net of refunds | 3 | (36) | (111) |
| Other | (2) | (3) | (2) |
| Cash used in investing activities | (75) | (90) | (154) |
| Cash flows from financing activities: | |||
| Proceeds from issuance of debt, net of issuance costs | 476 | 171 | 273 |
| Principal repayments on debt | (447) | (131) | (266) |
| Proceeds from sale-leaseback transactions | 264 | 163 | 71 |
| Proceeds from the exercise of stock options | 1 | 1 | 1 |
| Tax withholdings on share-based awards | (6) | (5) | (4) |
| Cash provided by financing activities | 288 | 199 | 75 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 131 | (152) | (157) |
| Cash, cash equivalents and restricted cash, beginning of period | 609 | 761 | 918 |
| Cash, cash equivalents and restricted cash, end of period | $740 | $609 | $761 |
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