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Consolidated Statements Of Income - USD ($)
shares in Thousands, $ in Millions
1 Months Ended 2 Months Ended 3 Months Ended 4 Months Ended 6 Months Ended
Apr. 30, 2021
Jun. 30, 2021
Jun. 30, 2022
Apr. 30, 2021
Jun. 30, 2022
Operating expenses:          
Restructuring costs and other charges   $ 11      
Successor [Member]          
Revenue   1,061 $ 1,459   $ 2,906
Operating expenses:          
Cost of service   396 546   1,099
Selling, general and administrative expenses   269 427   862
Depreciation and amortization   179 290   574
Restructuring costs and other charges   11 30   84
Total operating expenses   855 1,293   2,619
Operating income   206 166   287
Investment and other income (loss), net   (2) 122   199
Interest expense (See Note 8)   (62) (118)   (221)
Income before income taxes   142 170   265
Income tax expense (benefit)   43 69   99
Net income   $ 99 $ 101   $ 166
Basic net earnings per share attributable to Frontier common shareholders   $ 0.41 $ 0.41   $ 0.68
Diluted net earnings per share attributable to Frontier common shareholders   $ 0.41 $ 0.41   $ 0.68
Total weighted average shares outstanding - basic   244,401 244,723   244,592
Total weighted average shares outstanding - diluted   244,401 244,723   244,831
Predecessor [Member]          
Revenue $ 555     $ 2,231  
Operating expenses:          
Cost of service 210     830  
Selling, general and administrative expenses 129     537  
Depreciation and amortization 119     506  
Restructuring costs and other charges 5     7  
Total operating expenses 463     1,880  
Operating income 92     351  
Investment and other income (loss), net (1)     1  
Reorganization items, net 4,196     4,171  
Interest expense (See Note 8) (29)     (118)  
Income before income taxes 4,258     4,405  
Income tax expense (benefit) (223)     (136)  
Net income $ 4,481     $ 4,541  
Basic net earnings per share attributable to Frontier common shareholders $ 42.81     $ 43.42  
Diluted net earnings per share attributable to Frontier common shareholders $ 42.68     $ 43.28  
Total weighted average shares outstanding - basic 104,662     104,584  
Total weighted average shares outstanding - diluted 105,002     104,924