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Quarterly Financial Data
 12 Months Ended
Dec. 31, 2015
Quarterly Financial Data [Abstract]  
Quarterly Financial Data

(15)  Quarterly Financial Data (Unaudited):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

($ in millions, except per share amounts)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2015

 

First Quarter

 

Second Quarter

 

Third Quarter

 

Fourth Quarter

 

Total Year

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$ 

 1,371 

 

$

 1,368 

 

$

 1,424 

 

$

 1,413 

 

$

 5,576 

Operating income

 

 

 163 

 

 

 193 

 

 

 207 

 

 

 182 

 

 

 745 

Net (loss) attributable to Frontier

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

common shareholders

 

 

 (51)

 

 

 (28)

 

 

 (81)

 

 

 (156)

 

 

 (316)

Basic net (loss) per share attributable

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

to Frontier common shareholders

 

$

 (0.05)

 

$

 (0.03)

 

$

 (0.07)

 

$

 (0.14)

 

$

 (0.29)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2014

 

First Quarter

 

Second Quarter

 

Third Quarter

 

Fourth Quarter

 

Total Year

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$ 

 1,154 

 

$

 1,147 

 

$

 1,141 

 

$

 1,330 

 

$

 4,772 

Operating income

 

 

 226 

 

 

 224 

 

 

 197 

 

 

 173 

 

 

 820 

Net income attributable to Frontier

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

common shareholders

 

 

 39 

 

 

 38 

 

 

 42 

 

 

 14 

 

 

 133 

Basic net income per share attributable

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

to Frontier common shareholders

 

$

 0.04 

 

$

 0.04 

 

$

 0.04 

 

$

 0.01 

 

$

 0.13 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The quarterly net income (loss) per share amounts are rounded to the nearest cent. Annual net income (loss) per share may vary depending on the effect of such rounding. The change in revenue, operating income, net income (loss)  and net income (loss) per share during the fourth quarter of 2014 and each quarter of 2015 reflects the additional results of operations related to the Connecticut Acquisition, as described further in Note 3.

 

We recognized $57 million ($35 million or $0.04 per share after tax), $35 million ($23 million or $0.02 per share after tax), $58 million ($27 million or $0.02 per share after tax) and  $86 million ($47 million or $0.04 per share after tax)  of acquisition and integration costs during the first, second, third and fourth quarters of 2015, respectively. 

 

We recognized $11 million ($7 million or $0.01 per share after tax), $19 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.