Frontier Group Holdings, Inc. (ULCC)

Frontier Group Holdings Cash Flow Statement

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
Net Income	-136	85	-11	-37	-102	-225
Depreciation & Amortization	84	72	50	45	38	33
Loss (Gain) From Sale of Assets	-233	-294	-147	-87	-60	-48
Stock-Based Compensation	20	16	14	15	11	8
Other Operating Activities	2	2	44	-	-9	12
Change in Accounts Receivable	55	22	33	-28	-14	61
Change in Inventory	-12	20	-7	-40	174	-170
Change in Accounts Payable	14	-15	47	-4	13	-
Change in Unearned Revenue	33	41	-60	40	138	-114
Change in Other Net Operating Assets	-174	-31	-224	18	27	-114
Operating Cash Flow	-347	-82	-261	-78	216	-557
Capital Expenditures	-172	-76	-87	-152	-63	-16
Other Investing Activities	-15	1	-3	-2	-4	27
Investing Cash Flow	-187	-75	-90	-154	-67	11
Long-Term Debt Issued	-	740	334	344	222	283
Total Debt Issued	739	740	334	344	222	283
Long-Term Debt Repaid	-	-447	-131	-266	-97	-126
Total Debt Repaid	-215	-447	-131	-266	-97	-126
Net Debt Issued (Repaid)	524	293	203	78	125	157
Issuance of Common Stock	6	1	1	1	269	-
Repurchase of Common Stock	-6	-6	-5	-4	-3	-1
Financing Cash Flow	524	288	199	75	391	156
Net Cash Flow	-10	131	-152	-157	540	-390
Free Cash Flow	-519	-158	-348	-230	153	-573
Free Cash Flow Margin	-13.92%	-4.18%	-9.70%	-6.92%	7.43%	-45.84%
Free Cash Flow Per Share	-2.29	-0.70	-1.58	-1.06	0.72	-2.88
Cash Interest Paid	39	33	28	14	9	7
Cash Income Tax Paid	-	-	-	-	-158	9
Levered Free Cash Flow	-184.88	-82	-194.13	-136.5	94.88	-688.25
Unlevered Free Cash Flow	-179.25	-79.5	-193.5	-130.25	113	-680.75
Change in Working Capital	-84	37	-211	-14	338	-337

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

SEC Filings: 10-K · 10-Q