Frontier Group Holdings, Inc. (ULCC)

Frontier Group Holdings Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	576	609	761	918	378	768
Cash & Short-Term Investments	576	609	761	918	378	768
Cash Growth	-10.00%	-19.97%	-17.10%	142.86%	-50.78%	10.19%
Accounts Receivable	107	80	78	40	28	64
Other Receivables	70	53	63	23	187	18
Receivables	194	147	141	63	215	82
Inventory	76	79	55	29	18	20
Prepaid Expenses	19	21	20	14	24	13
Other Current Assets	45	15	19	13	15	61
Total Current Assets	910	871	1,020	1,037	650	944
Property, Plant & Equipment	4,090	3,273	2,710	2,612	2,426	2,442
Long-Term Investments	-	-	-	-	-	9
Other Intangible Assets	27	28	28	29	29	30
Other Long-Term Assets	799	805	738	557	449	439
Total Assets	5,826	4,993	4,499	4,235	3,554	3,864
Accounts Payable	128	134	89	86	71	71
Accrued Expenses	332	343	314	232	166	186
Current Portion of Long-Term Debt	190	251	157	127	101	150
Current Portion of Leases	632	549	465	444	416	387
Current Unearned Revenue	304	263	326	286	148	270
Other Current Liabilities	138	118	204	151	101	190
Total Current Liabilities	1,724	1,658	1,555	1,326	1,003	1,254
Long-Term Debt	279	219	272	287	247	95
Long-Term Leases	3,126	2,440	2,034	1,991	1,848	1,874
Long-Term Unearned Revenue	36	41	47	62	73	31
Long-Term Deferred Tax Liabilities	-	8	-	-	9	27
Other Long-Term Liabilities	112	120	82	39	64	41
Total Liabilities	5,277	4,486	3,990	3,705	3,244	3,322
Additional Paid-In Capital	414	403	393	381	60	52
Retained Earnings	142	111	122	159	261	486
Comprehensive Income & Other	-7	-7	-6	-10	-11	4
Shareholders' Equity	549	507	509	530	310	542
Total Liabilities & Equity	5,826	4,993	4,499	4,235	3,554	3,864
Total Debt	4,227	3,459	2,928	2,849	2,612	2,506
Net Cash (Debt)	-3,651	-2,850	-2,167	-1,931	-2,234	-1,738
Net Cash Per Share	-16.33	-12.95	-9.96	-9.13	-11.21	-8.71
Filing Date Shares Outstanding	225.37	223.37	218.06	217.1	199.44	199.24
Total Common Shares Outstanding	224.52	223	217.88	217.07	199.44	199.24
Working Capital	-814	-787	-535	-289	-353	-310
Book Value Per Share	2.45	2.27	2.34	2.44	1.55	2.72
Tangible Book Value	522	479	481	501	281	512
Tangible Book Value Per Share	2.32	2.15	2.21	2.31	1.41	2.57
Machinery	-	344	255	212	182	188

Source: S&P Capital IQ. Standard template. Financial Sources.