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Net (Loss) Income Per Common Share

12 Months Ended

Dec. 31, 2024

Net (Loss) Income Per Common Share [Abstract]

Net (Loss) Income Per Common Share

(15) Net (Loss) Income Per Common Share:

The reconciliation of the net (loss) income per common share calculation is as follows:

			For the year ended			For the year ended			For the year ended
	($ in millions and shares in thousands,		December 31,			December 31,			December 31,
	except per share amounts)		2024			2023			2022
	Net (loss) income used for
	basic and diluted earnings per share:
	Net (loss) income attributable to Frontier common shareholders		$	(322)		$	29		$	441
	Less: Dividends paid on unvested restricted stock awards			-			-			-
	Total basic net income attributable to
	Frontier common shareholders		$	(322)		$	29		$	441
	Effect of loss related to dilutive stock units			-			-			-
	Total diluted net (loss) income attributable to
	Frontier common shareholders		$	(322)		$	29		$	441
	Basic earnings per share:
	Total weighted average shares and
	unvested restricted stock awards outstanding - basic			248,184			245,517			244,781
	Less: Weighted average unvested restricted stock awards			-			-			-
	Total weighted average shares outstanding - basic			248,184			245,517			244,781
	Basic net (loss) income per share attributable
	to Frontier common shareholders		$	(1.30)		$	0.12		$	1.80
	Diluted earnings per share:
	Total weighted average shares outstanding - basic			248,184			245,517			244,781
	Effect of dilutive units			-			2,330			-
	Effect of dilutive restricted stock awards			-			612			499
	Effect of dilutive performance stock awards			-			-			-
	Total weighted average shares outstanding - diluted			248,184			248,459			245,280
	Diluted net (loss) income per share attributable to Frontier common shareholders		$	(1.30)		$	0.12		$	1.80

In calculating diluted net loss common share for the years ended December 31, 2024, the effect of certain outstanding RSUs and PSUs has been excluded from the computation as the effect would be antidilutive. For the year ended December 31, 2024, RSUs of approximately 1,255,000 and PSUs including those converted to performance-based restricted stock of approximately 326,000, respectively have been excluded.

In calculating diluted net income per common share for the years ended December 31, 2023, and 2022, the effect of certain PSUs is excluded from the computation as the respective performance metrics have not been satisfied.

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- References

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/260/tableOfContent

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-3

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