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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	686	740	609	761	918	378
Cash & Short-Term Investments	686	740	609	761	918	378
Cash Growth	10.29%	21.51%	-19.97%	-17.10%	142.86%	-50.78%
Accounts Receivable	89	72	92	78	40	28
Other Receivables	56	60	53	63	23	187
Receivables	161	149	159	141	63	215
Inventory	81	79	79	55	29	18
Prepaid Expenses	22	18	21	20	14	24
Other Current Assets	3	4	3	19	13	15
Total Current Assets	953	990	871	1,020	1,037	650
Property, Plant & Equipment	4,638	4,306	3,273	2,710	2,612	2,426
Other Intangible Assets	27	27	28	28	29	29
Other Long-Term Assets	863	820	805	738	557	449
Total Assets	6,481	6,153	4,993	4,499	4,235	3,554
Accounts Payable	120	115	134	89	86	71
Accrued Expenses	357	351	343	314	232	166
Current Portion of Long-Term Debt	263	261	251	157	127	101
Current Portion of Leases	686	664	549	465	444	416
Current Unearned Revenue	376	312	263	326	286	148
Other Current Liabilities	140	149	118	204	151	101
Total Current Liabilities	1,942	1,852	1,658	1,555	1,326	1,003
Long-Term Debt	244	241	219	272	287	247
Long-Term Leases	3,598	3,302	2,440	2,034	1,991	1,848
Long-Term Unearned Revenue	36	40	41	47	62	73
Long-Term Deferred Tax Liabilities	-	8	-	-	-	9
Other Long-Term Liabilities	91	106	128	82	39	64
Total Liabilities	5,911	5,549	4,486	3,990	3,705	3,244
Additional Paid-In Capital	423	414	403	393	381	60
Retained Earnings	153	196	111	122	159	261
Comprehensive Income & Other	-6	-6	-7	-6	-10	-11
Shareholders' Equity	570	604	507	509	530	310
Total Liabilities & Equity	6,481	6,153	4,993	4,499	4,235	3,554
Total Debt	4,791	4,468	3,459	2,928	2,849	2,612
Net Cash (Debt)	-4,105	-3,728	-2,850	-2,167	-1,931	-2,234
Net Cash Per Share	-18.05	-16.46	-12.95	-9.96	-9.13	-11.21
Filing Date Shares Outstanding	227.76	227.25	223.37	218.06	217.1	199.44
Total Common Shares Outstanding	227.74	225.44	223	217.88	217.07	199.44
Working Capital	-989	-862	-787	-535	-289	-353
Book Value Per Share	2.50	2.68	2.27	2.34	2.44	1.55
Tangible Book Value	543	577	479	481	501	281
Tangible Book Value Per Share	2.38	2.56	2.15	2.21	2.31	1.41
Machinery	-	461	344	255	212	182

Updated May 1, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q