← Frontier Group Holdings, Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|
| Net income (loss) | $251.0m | ($225.0m) | ($102.0m) | ($37.0m) | ($11.0m) | $85.0m | ($137.0m) | |
| Depreciation and amortization | $46.0m | $33.0m | $38.0m | $45.0m | $50.0m | $72.0m | $91.0m | |
| Amortization of cash flow hedges, net of tax | $0 | $0 | $1.0m | $1.0m | $1.0m | $1.0m | $1.0m | |
| Deferred income taxes | $52.0m | ($14.0m) | ($32.0m) | ($8.0m) | $43.0m | $0 | $3.0m | |
| Tax withholdings on share-based awards | $0 | ($1.0m) | ($3.0m) | ($4.0m) | ($5.0m) | ($6.0m) | ($4.0m) | |
| Loss on extinguishment of debt | — | $0 | $0 | $7.0m | $0 | $1.0m | $0 | |
| Gains recognized on sale-leaseback transactions | ($107.0m) | ($48.0m) | ($60.0m) | ($87.0m) | ($147.0m) | ($294.0m) | ($302.0m) | |
| Stock-based compensation | $8.0m | $8.0m | $11.0m | $15.0m | $14.0m | $16.0m | $21.0m | |
| Accounts receivable, net | ($6.0m) | $61.0m | ($14.0m) | ($28.0m) | $33.0m | $22.0m | ($12.0m) | |
| Supplies and other current assets | ($18.0m) | ($166.0m) | $174.0m | ($40.0m) | ($7.0m) | $20.0m | $11.0m | |
| Aircraft maintenance deposits | ($18.0m) | ($15.0m) | ($20.0m) | ($18.0m) | ($16.0m) | $82.0m | $0 | |
| Other long-term assets | ($29.0m) | ($32.0m) | ($37.0m) | ($94.0m) | ($163.0m) | ($190.0m) | ($257.0m) | |
| Accounts payable | $24.0m | $0 | $13.0m | ($4.0m) | $47.0m | ($15.0m) | ($1.0m) | |
| Air traffic liability | $36.0m | ($114.0m) | $138.0m | $40.0m | ($60.0m) | $41.0m | $58.0m | |
| Other liabilities | ($67.0m) | ($67.0m) | $84.0m | $130.0m | ($45.0m) | $77.0m | ($1.0m) | |
| Cash used in operating activities | $171.0m | ($557.0m) | $216.0m | ($78.0m) | ($261.0m) | ($82.0m) | ($525.0m) | |
| Pre-delivery deposits for flight equipment, net of refunds | ($17.0m) | $28.0m | ($36.0m) | ($111.0m) | ($36.0m) | $3.0m | ($24.0m) | |
| Other | ($3.0m) | $0 | $0 | ($2.0m) | ($3.0m) | ($2.0m) | $0 | |
| Cash used in investing activities | ($62.0m) | $11.0m | ($67.0m) | ($154.0m) | ($90.0m) | ($75.0m) | ($99.0m) | |
| Proceeds from sale-leaseback transactions, net | $92.0m | $47.0m | $59.0m | $71.0m | $163.0m | $264.0m | $441.0m | |
| Proceeds from the exercise of stock options | $0 | $0 | $3.0m | $1.0m | $1.0m | $1.0m | $6.0m | |
| Cash provided by financing activities | ($39.0m) | $156.0m | $391.0m | $75.0m | $199.0m | $288.0m | $555.0m | |
| Capital expenditures | ($45.0m) | ($16.0m) | ($27.0m) | ($41.0m) | ($51.0m) | ($76.0m) | ($75.0m) | |
| Proceeds from issuance of debt, net of issuance costs | — | $236.0m | $163.0m | $273.0m | $171.0m | $476.0m | $492.0m | |
| Principal repayments on debt | ($139.0m) | ($126.0m) | ($97.0m) | ($266.0m) | ($131.0m) | ($447.0m) | ($380.0m) | |
| Net increase (decrease) in cash, cash equivalents and restricted cash | $70.0m | ($390.0m) | $540.0m | ($157.0m) | ($152.0m) | $131.0m | ($69.0m) | |
| Cash, cash equivalents and restricted cash, beginning of period | $768.0m | $378.0m | $918.0m | $761.0m | $609.0m | $740.0m | $671.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.