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Quarterly Financial Data
 12 Months Ended
Dec. 31, 2016
Quarterly Financial Data [Abstract]  
Quarterly Financial Data

(16)  Quarterly Financial Data (Unaudited):







 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

($ in millions, except per share amounts)

 

First Quarter

 

Second Quarter

 

Third Quarter

 

Fourth Quarter

 

Total Year



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$ 

 1,355 

 

$

 2,608 

 

$

 2,524 

 

$

 2,409 

 

$

 8,896 

Operating income

 

 

 58 

 

 

 311 

 

 

 264 

 

 

 255 

 

 

 888 

Net loss attributable to Frontier

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

common shareholders

 

 

 (240)

 

 

 (80)

 

 

 (134)

 

 

 (133)

 

 

 (587)

Basic net loss per share attributable

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 to Frontier common shareholders

 

$

 (0.21)

 

$

 (0.07)

 

$

 (0.12)

 

$

 (0.12)

 

$

 (0.51)



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 











 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

First Quarter

 

Second Quarter

 

Third Quarter

 

Fourth Quarter

 

Total Year

2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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)



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



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 second quarter of 2016 and each subsequent quarter of 2016 reflects the additional results of the CTF operations related to the CTF Acquisition, as described further in Note 3.



We recognized $11 million ($7 million or $0.01 per share after tax) and $80 million ($52 million or $0.04 per share after tax) of restructuring costs and other charges during the third and fourth quarters of 2016, respectively.



We recognized $1 million of restructuring costs and other charges during each of the third and fourth quarters of 2015.



We recognized $138 million ($85 million or $0.07 per share after tax), $127 million ($76 million or $0.07 per share after tax), $122 million ($74 million or $0.06  per share after tax) and $49 million ($48 million or $0.04 per share after tax) of acquisition and integration costs during the first, second, third and fourth quarters of 2016, respectively.



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.