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Net Income Per Common Share (Tables)
12 Months Ended
Dec. 31, 2023
Net Income Per Common Share [Abstract]  
Reconciliation Of Net Income Per Share

Successor

Predecessor

For the year ended

For the year ended

For the eight months

For the four months

($ in millions and shares in thousands,

December 31,

December 31,

ended December 31,

ended April 30,

except per share amounts)

2023

2022

2021

2021

Net income used for

basic and diluted earnings per share:

Net income attributable to Frontier common shareholders

$

29 

$

441 

$

414 

$

4,541 

Less: Dividends paid on unvested restricted stock awards

-

-

-

-

Total basic net income attributable to

Frontier common shareholders

$

29 

$

441 

$

414 

$

4,541 

Effect of loss related to dilutive stock units

-

-

-

-

Total diluted net income attributable to

Frontier common shareholders

$

29 

$

441 

$

414 

$

4,541 

Basic earnings per share:

Total weighted average shares and

unvested restricted stock awards outstanding - basic

245,517 

244,781 

244,405 

104,799 

Less: Weighted average unvested restricted stock awards

-

-

-

(215)

Total weighted average shares outstanding - basic

245,517 

244,781 

244,405 

104,584 

Basic net income per share attributable

to Frontier common shareholders

$

0.12 

$

1.80 

$

1.69 

$

43.42 

Diluted earnings per share:

Total weighted average shares outstanding - basic

245,517 

244,781 

244,405 

104,584 

Effect of dilutive units

2,330 

-

1,480 

340 

Effect of dilutive restricted stock awards

612 

499 

-

-

Total weighted average shares outstanding - diluted

248,459 

245,280 

245,885 

104,924 

Diluted net income per share attributable to Frontier common shareholders

$

0.12 

$

1.80 

$

1.68 

$

43.28