NASDAQ$FYBR

Frontier Communications Parent Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Frontier Communications reported record operational results as it becomes a fiber-first company.

Frontier Communications reported strong Q4 2021 results, marked by record operational achievements as the company transitions to a fiber-first model. The company gained momentum and hit an inflection point, reaching positive total broadband net adds for the first time in more than five years.

  • Built fiber to a record 192,000 locations.
  • Added a record 45,000 fiber broadband customer net additions, reaching an inflection point in positive total broadband customer net additions for the first time in more than five years.
  • Delivered record-low churn across both fiber and copper broadband customers.
  • Achieved positive fiber Net Promoter Scores for the first time in company history.

Headline financials

Total Revenue

$1.54B

Previous: $1.7B-9.0%
EPS (adj)

$0.77

Previous: -$0.48+260.4%
Net Income

$189M

Previous: -$50M+478.0%
Operating Income

$272M

Previous: $277M-1.8%
Gross Profit

$997M

Previous: $1.07B-6.5%
Cash & Equivalents

$2.13B

Previous: $1.83B+16.3%
Total Assets

$16.5B

Previous: $16.8B-1.9%
Stock-Based Comp

$18M

No prior period

Revenue & EPS history

Frontier Communications · Revenue · Quarterly

$1.54B

Q4 2021-9%vs Q4 2020
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

Frontier Communications · $2.38B total across 4 segments · Q3 2020

  • Consumer
    $859M-8.9%
  • Data & Internet
    $838M—
  • Voice Services
    $500M—
  • Video Services
    $186M—

Forward guidance

Frontier provided guidance for the full year 2022.

Tailwinds

  • Adjusted EBITDA of $2.00 - $2.15 billion
  • Fiber build to at least 1 million new locations
  • Cash capital expenditures of $2.40 - $2.50 billion
  • Cash taxes of approximately $20 million
  • Cash interest payments of approximately $430 million

Headwinds

  • Cash Pension and OPEB expense of approximately $75 million (net of capitalization)
  • Cash pension and OPEB contributions, including a catch-up from contribution waivers during bankruptcy, of approximately $135 million (net of capitalization)

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 8 quarterly earnings reports

Historical avg

+0.1%

Avg return

Earnings day

+1.1%

Avg return

5 days after

+2.5%

Avg return

30 days after

50%

9 / 18 earnings

Positive

+12.1%

Q4 2023

Best reaction

-12.8%

Q1 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026———
Q3 2025+0.3%+0.2%+0.4%
Q2 2025+0.3%+0.2%+1.6%
Q1 2025+0.1%-0.5%+1.5%
Q4 2025+0.0%+0.5%+0.0%
Q3 2024-1.0%-2.6%-2.6%
Q2 2024-9.8%-5.0%-0.1%
Q1 2024+9.5%+5.6%+11.1%
Q4 2023+12.1%+10.2%+8.3%
Q3 2023+6.8%——
Q2 2023-0.6%——
Q1 2023-12.8%——
Q4 2022-1.4%——
Q3 2022-8.3%——
Q2 2022+3.6%——
Q1 2022-4.0%——
Q4 2021+3.1%——
Q3 2021+3.9%——
Q2 2021-0.5%——
Q1 2021———
Q4 2020———
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Q4 2010———
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