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Dec 31, 2021
Frontier Communications Q4 2021 Earnings Report
Frontier Communications reported record operational results as it becomes a fiber-first company.
Key Takeaways
Frontier Communications reported strong Q4 2021 results, marked by record operational achievements as the company transitions to a fiber-first model. The company gained momentum and hit an inflection point, reaching positive total broadband net adds for the first time in more than five years.
Built fiber to a record 192,000 locations.
Added a record 45,000 fiber broadband customer net additions, reaching an inflection point in positive total broadband customer net additions for the first time in more than five years.
Delivered record-low churn across both fiber and copper broadband customers.
Achieved positive fiber Net Promoter Scores for the first time in company history.
Revenue by Segment
Forward Guidance
Frontier provided guidance for the full year 2022.
Positive Outlook
- Adjusted EBITDA of $2.00 - $2.15 billion
- Fiber build to at least 1 million new locations
- Cash capital expenditures of $2.40 - $2.50 billion
- Cash taxes of approximately $20 million
- Cash interest payments of approximately $430 million
Challenges Ahead
- Cash Pension and OPEB expense of approximately $75 million (net of capitalization)
- Cash pension and OPEB contributions, including a catch-up from contribution waivers during bankruptcy, of approximately $135 million (net of capitalization)
Historical Earnings Impact
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Avg. Return Before/After Earnings
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