XML 68 R22.htm IDEA: XBRL DOCUMENT v2.4.1.9
Quarterly Financial Data (Unaudited)
 12 Months Ended
Dec. 31, 2014
Quarterly Financial Data (Unaudited) [Abstract]  
Quarterly Financial Data (Unaudited)

(15)  Quarterly Financial Data (Unaudited):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

($ in thousands, except per share amounts)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2014

 

First Quarter

 

Second Quarter

 

Third Quarter

 

Fourth Quarter

 

Total Year

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$ 
1,154,046 

 

$
1,147,265 

 

$
1,140,874 

 

$
1,330,305 

 

$
4,772,490 

Operating income

 

 
226,025 

 

 
224,342 

 

 
197,031 

 

 
172,543 

 

 
819,941 

Net income attributable to common

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

shareholders of Frontier

 

 
39,274 

 

 
37,680 

 

 
41,993 

 

 
13,946 

 

 
132,893 

Basic net income per common share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

attributable to common shareholders

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

of Frontier

 

$
0.04 

 

$
0.04 

 

$
0.04 

 

$
0.01 

 

$
0.13 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2013

 

First Quarter

 

Second Quarter

 

Third Quarter

 

Fourth Quarter

 

Total Year

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$ 
1,205,396 

 

$
1,190,533 

 

$
1,185,278 

 

$
1,180,369 

 

$
4,761,576 

Operating income

 

 
250,824 

 

 
266,156 

 

 
206,172 

 

 
257,569 

 

 
980,721 

Net income (loss) attributable to common

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

shareholders of Frontier

 

 
48,140 

 

 
(38,460)

 

 
35,400 

 

 
67,755 

 

 
112,835 

Basic net income (loss) per common share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

attributable to common shareholders

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

of Frontier

 

$
0.05 

 

$
(0.04)

 

$
0.04 

 

$
0.07 

 

$
0.11 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The quarterly net income per common share amounts are rounded to the nearest cent. Annual net income per common share may vary depending on the effect of such rounding. The change in revenue, operating income, net income and net income per share during the fourth quarter of 2014 reflects the additional results of operations related to the Connecticut Acquisition, as described further in Note 3.

 

We recognized $11 million ($7 million or $0.01 per share after tax), $20 million ($13 million or $0.01 per share after tax), $42 million ($27 million or $0.03 per share after tax)  and $70 million ($44 million or $0.04 per share after tax)  of acquisition and integration costs during the first, second, third and fourth quarters of 2014, respectively. 

 

We recognized $10 million ($6 million or $0.01 per share after tax)  of acquisition costs during the fourth quarter of 2013. 

 

We recognized $40 million ($25 million or $0.03 per share after tax) and $4 million ($2 million after tax) of pension settlement costs in the third and fourth quarters of 2013, respectively.

 

We recognized $160 million ($99 million or $0.10 per share after tax)  of losses on early extinguishment of debt during the second quarter of 2013.