Frontier Group Holdings, Inc. (ULCC) quarterly cash flow statement — complete operating, investing & financing history
Frontier Group Holdings, Inc. (ULCC) cash flow statement — 10-year operating, investing & financing cash flows
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Cash from Operations | 151M | 40M | -91M | -215M | -133M | -86M | 87M | -156M | 9M | -22M | -54M | -173M | -9M | -25M | 94M | -105M | 20M | -87M | 120M | -146M |
| Operating CF Margin % | 11.81% | 4.03% | -9.13% | -24.27% | -14.32% | -9.43% | 8.68% | -16.68% | 0.92% | -2.54% | -6.06% | -19.59% | -0.93% | -2.95% | 10.38% | -11.59% | 2.2% | -14.38% | 19.7% | -23.17% |
| Operating CF Growth % | 213.53% | 146.51% | -204.6% | -37.82% | -1577.78% | -290.91% | 261.11% | 9.83% | 200% | 12% | -157.45% | -64.76% | -145% | 71.26% | -21.67% | 28.08% | -90.57% | -390% | 162.83% | 15.61% |
| Net Income | -90M | -272M | 53M | -77M | -70M | -43M | 54M | 26M | 31M | -26M | -37M | -32M | 71M | -13M | 40M | 31M | 13M | -121M | -53M | 23M |
| Depreciation & Amortization | -7M | 62M | 26M | 24M | 21M | 20M | 19M | 19M | 18M | 16M | 14M | 13M | 12M | 11M | 9M | 8M | 15M | 13M | 10M | 10M |
| Stock-Based Compensation | 4M | 5M | 5M | 5M | 6M | 5M | 4M | 3M | 5M | 4M | 4M | 3M | 3M | 4M | 4M | 4M | 4M | 3M | 3M | 3M |
| Deferred Taxes | -3M | -9M | -1M | 1M | 0 | 3M | -3M | 0 | 1M | 2M | 43M | -13M | 17M | -4M | 10M | 27M | -5M | -40M | -23M | 18M |
| Other Non-Cash Items | 16M | 20M | -144M | -67M | -34M | -56M | -75M | -69M | -77M | -71M | -50M | -40M | -16M | -40M | -38M | -21M | -20M | 0 | -5M | -19M |
| Working Capital Changes | 231M | 234M | -30M | -101M | -56M | -15M | 88M | -135M | 31M | 53M | -28M | -104M | -96M | 17M | 69M | -154M | 13M | 58M | 188M | -181M |
| Change in Receivables | -29M | -33M | 8M | 5M | -9M | -16M | 75M | -52M | 3M | -4M | 21M | -16M | 9M | 19M | -22M | 0 | 3M | -9M | 1M | 3M |
| Change in Inventory | 15M | -19M | 39M | -36M | 2M | 6M | 16M | 3M | -3M | 4M | 11M | -27M | 9M | 0 | -5M | -1M | -21M | -13M | 161M | 6M |
| Change in Payables | -23M | 5M | -32M | -20M | 47M | 4M | -17M | -7M | 4M | 5M | 23M | 18M | 14M | -8M | 9M | 0 | 3M | 5M | -3M | 14M |
| Cash from Investing | 47M | 33M | 59M | -45M | -84M | -29M | -29M | -12M | -27M | -7M | 1M | -58M | -43M | 10M | -37M | -60M | -24M | -33M | -71M | -6M |
| Capital Expenditures | 93M | -12M | 81M | -43M | -51M | -11M | -14M | -14M | -31M | -17M | 2M | -57M | -21M | -11M | -35M | -62M | -23M | -32M | -43M | -8M |
| CapEx % of Revenue | 7.27% | 1.21% | 8.12% | 4.85% | 5.49% | 1.21% | 1.4% | 1.5% | 3.19% | 1.97% | 0.22% | 6.46% | 2.17% | 1.3% | 3.86% | 6.84% | 2.53% | 5.29% | 7.06% | 1.27% |
| Acquisitions | -45M | 45M | 0 | 0 | 0 | 0 | 0 | 0 | 2M | 13M | 0 | 0 | -23M | 23M | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -1M | 0 | -22M | -2M | -33M | -18M | -15M | 2M | 2M | -3M | -1M | -1M | 1M | -2M | -2M | 2M | -1M | -1M | -28M | 2M |
| Cash from Financing | -15M | 28M | 137M | 263M | 94M | 61M | 106M | 86M | 54M | 42M | 22M | 91M | 42M | 44M | 30M | 73M | 43M | -71M | 67M | 18M |
| Debt Issued (Net) | -77M | -32M | -54M | 108M | 53M | 57M | 110M | 17M | -14M | 43M | -17M | 91M | 41M | -2M | 8M | 73M | 43M | -68M | 64M | 18M |
| Equity Issued (Net) | -2M | 0 | 0 | 0 | 0 | 6M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1M | 0 | 0 | -3M | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -2M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2M | 0 | 0 | 0 | -5M | 0 | 0 | 0 | -3M | 0 | 0 |
| Other Financing | 64M | 60M | 191M | 155M | 41M | -2M | -4M | 69M | 68M | -1M | 39M | 91M | 1M | 46M | 23M | 0 | 0 | 0 | 3M | 0 |
| Net Change in Cash | 183M | 101M | 105M | 3M | -123M | -54M | 164M | -82M | 36M | 13M | -31M | -140M | -10M | 29M | 87M | -92M | 39M | -191M | 116M | -134M |
| Free Cash Flow | 244M | 28M | -32M | -260M | -217M | -115M | 73M | -170M | -22M | -39M | -52M | -230M | -30M | -36M | 59M | -167M | -3M | -119M | 77M | -154M |
| FCF Margin % | 19.08% | 2.82% | -3.21% | -29.35% | -23.36% | -12.61% | 7.29% | -18.18% | -2.26% | -4.51% | -5.84% | -26.05% | -3.1% | -4.25% | 6.51% | -18.43% | -0.33% | -19.67% | 12.64% | -24.44% |
| FCF Growth % | 212.44% | 124.35% | -143.84% | -52.94% | -886.36% | -194.87% | 240.38% | 26.09% | 26.67% | -8.33% | -188.14% | -37.72% | -900% | 69.75% | -23.38% | -8.44% | -101.48% | -540.74% | 138.31% | 4.94% |
| FCF per Share | 1.06 | 0.12 | -0.14 | -1.14 | -0.95 | -0.51 | 0.32 | -0.75 | -0.10 | -0.17 | -0.23 | -1.04 | -0.14 | -0.17 | 0.27 | -0.76 | -0.01 | -0.55 | 0.36 | -0.71 |
| FCF Conversion (FCF/Net Income) | -1.68x | -0.15x | -1.72x | 2.79x | 1.90x | 2.00x | 1.61x | -6.00x | 0.29x | 0.85x | 1.46x | 5.41x | -0.13x | 1.92x | 2.35x | -3.39x | 1.54x | 0.72x | -2.26x | -6.35x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |