Frontier Group Holdings, Inc. (ULCC)

Frontier Group Holdings Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	566	740	609	761	918	378
Cash & Short-Term Investments	566	740	609	761	918	378
Cash Growth	-1.74%	21.51%	-19.97%	-17.10%	142.86%	-50.78%
Accounts Receivable	93	72	92	78	40	28
Other Receivables	59	60	53	63	23	187
Receivables	165	149	159	141	63	215
Inventory	90	79	79	55	29	18
Prepaid Expenses	24	18	21	20	14	24
Other Current Assets	2	4	3	19	13	15
Total Current Assets	847	990	871	1,020	1,037	650
Property, Plant & Equipment	4,813	4,306	3,273	2,710	2,612	2,426
Other Intangible Assets	27	27	28	28	29	29
Other Long-Term Assets	1,014	820	805	738	557	449
Total Assets	6,701	6,153	4,993	4,499	4,235	3,554
Accounts Payable	159	115	134	89	86	71
Accrued Expenses	407	351	343	314	232	166
Current Portion of Long-Term Debt	363	261	251	157	127	101
Current Portion of Leases	718	664	549	465	444	416
Current Unearned Revenue	343	312	263	326	286	148
Other Current Liabilities	120	149	118	204	151	101
Total Current Liabilities	2,110	1,852	1,658	1,555	1,326	1,003
Long-Term Debt	305	241	219	272	287	247
Long-Term Leases	3,646	3,302	2,440	2,034	1,991	1,848
Long-Term Unearned Revenue	49	40	41	47	62	73
Long-Term Deferred Tax Liabilities	-	8	-	-	-	9
Other Long-Term Liabilities	157	106	128	82	39	64
Total Liabilities	6,267	5,549	4,486	3,990	3,705	3,244
Additional Paid-In Capital	434	414	403	393	381	60
Retained Earnings	6	196	111	122	159	261
Comprehensive Income & Other	-6	-6	-7	-6	-10	-11
Shareholders' Equity	434	604	507	509	530	310
Total Liabilities & Equity	6,701	6,153	4,993	4,499	4,235	3,554
Total Debt	5,032	4,468	3,459	2,928	2,849	2,612
Net Cash (Debt)	-4,466	-3,728	-2,850	-2,167	-1,931	-2,234
Net Cash Per Share	-19.68	-16.46	-12.95	-9.96	-9.13	-11.21
Filing Date Shares Outstanding	228.95	227.25	223.37	218.06	217.1	199.44
Total Common Shares Outstanding	228.23	225.44	223	217.88	217.07	199.44
Working Capital	-1,263	-862	-787	-535	-289	-353
Book Value Per Share	1.90	2.68	2.27	2.34	2.44	1.55
Tangible Book Value	407	577	479	481	501	281
Tangible Book Value Per Share	1.78	2.56	2.15	2.21	2.31	1.41
Machinery	-	461	344	255	212	182

Updated Nov 5, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q