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Acquisitions (Tables)
12 Months Ended
Dec. 31, 2016
Verizon Transaction  
Business Acquisition [Line Items]  
Allocation of the purchase price



 

 

 

 



 

 

 

 

($ in millions)

 

 

 

    

 

 

 

 

Current assets

 

350 

 

Property, plant & equipment

 

 

6,236 

 

Goodwill

 

 

2,508 

 

Other intangibles - primarily customer base

 

 

2,162 

 

Current liabilities

 

 

(518)

 

Long-term debt

 

 

(544)

 

Other liabilities

 

 

(323)

 

Total net assets acquired

 

$

9,871 

 



 

 

 

 



Unaudited Pro Forma Condensed Combined Statements of Income Information



 

 

 

 

 

 

 



 

 

 

 

 

 

 



 

 

(Unaudited)

 



 

 

For the year ended December 31,

 

($ in millions, except per share amounts)

 

 

2016

 

 

2015

 

    

 

 

 

 

 

 

 

Revenue

 

10,255 

 

11,157 

 



 

 

 

 

 

 

 

Operating income

 

1,433 

 

1,529 

 



 

 

 

 

 

 

 

Net loss attributable to Frontier

 

 

 

 

 

 

 

common shareholders

 

262 

 

(192)

 



 

 

 

 

 

 

 

Basic and diluted net loss per

 

 

 

 

 

 

 

share attributable to Frontier

 

 

 

 

 

 

 

common shareholders

 

(0.23)

 

(0.17)

 



 

 

 

 

 

 

 



Connecticut Transaction  
Business Acquisition [Line Items]  
Allocation of the purchase price



 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

($ in millions)

 

 

 

 

 

 

    

 

 

 

 

 

 

 

 

Current assets

 

69 

 

 

 

 

 

Property, plant & equipment

 

 

1,459 

 

 

 

 

 

Goodwill

 

 

815 

 

 

 

 

 

Other intangibles - customer base

 

 

570 

 

 

 

 

 

Current liabilities

 

 

(94)

 

 

 

 

 

Deferred income taxes

 

 

(576)

 

 

 

 

 

Other liabilities

 

 

(225)

 

 

 

 

 

Total net assets acquired

 

$

2,018 

 

 

 

 

 



 

 

 

 

 

 

 

 



Unaudited Pro Forma Condensed Combined Statements of Income Information



 

 

 

 

 

 



 

 

 

 

 

 



 

(Unaudited)

 

 

 



 

For the year ended December 31,

 

 

 

($ in millions, except per share amounts)

 

 

2014

 

 

 

    

 

 

 

 

 

 

Revenue

 

5,775 

 

 

 



 

 

 

 

 

 

Operating income

 

985 

 

 

 



 

 

 

 

 

 

Net income attributable to Frontier

 

 

 

 

 

 

common shareholders

 

191 

 

 

 



 

 

 

 

 

 

Basic and diluted net income per

 

 

 

 

 

 

share attributable to Frontier

 

 

 

 

 

 

common shareholders

 

0.19 

 

 

 



 

 

 

 

 

 



Parent Company [Member]  
Business Acquisition [Line Items]  
Schedule Of Acquisition And Integration Costs Table TextBlock



 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 



 

For the Year Ended

($ in millions)

 

2016

 

2015

 

2014



 

 

 

 

 

 

 

 

 

Acquisition costs:

 

 

 

 

 

 

 

 

 

CTF Acquisition

 

$

23 

 

$

44 

 

$

 -

Connecticut Acquisition

 

 

 -

 

 

 

 

15 



 

 

23 

 

 

45 

 

 

15 

Integration costs:

 

 

 

 

 

 

 

 

 

CTF Acquisition

 

 

412 

 

 

152 

 

 

 -

Connecticut Acquisition

 

 

 

 

39 

 

 

127 



 

 

413 

 

 

191 

 

 

127 

Total acquisition and

 

 

 

 

 

 

 

 

 

 integration costs

 

$

436 

 

$

236 

 

$

142