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Acquisitions (Tables)
9 Months Ended
Sep. 30, 2016
Acquisitions [Abstract]  
Purchase Price Allocation



 

 

 



 

 

 

($ in millions)

 

 

    

 

 

 

Current assets

 

$ 

388 

Property, plant & equipment

 

 

6,315 

Goodwill

 

 

2,341 

Other intangibles - primarily customer list

 

 

2,189 

Current liabilities

 

 

(488)

Long-term debt

 

 

(544)

Other liabilities

 

 

(330)

Total net assets acquired

 

$

9,871 



 

 

 



Unaudited Pro Forma Information



 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 



 

(Unaudited)



 

For the three months ended

 

 

For the nine months ended September 30,

($ in millions, except per share amounts)

 

September 30, 2015

 

 

2016

 

2015

    

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

 

$ 

2,797 

 

 

 

$ 

7,846 

 

 

$ 

8,346 



 

 

 

 

 

 

 

 

 

 

 

 

 

Operating income

 

 

$ 

396 

 

 

 

$ 

1,129 

 

 

$ 

1,129 



 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss attributable to Frontier common shareholders

 

 

$ 

(32)

 

 

 

$ 

(164)

 

 

$ 

(152)



 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted net loss attributable to

 

 

 

 

 

 

 

 

 

 

 

 

 

Frontier common shareholders per share

 

 

$ 

(0.03)

 

 

 

$ 

(0.14)

 

 

$ 

(0.13)



 

 

 

 

 

 

 

 

 

 

 

 

 



Schedule Of Acquisition and Integration Costs



 

 

 

 

 

 

 

 

 

 

 

 



 

For the three months ended September 30,

 

For the nine months ended September 30,

($ in millions)

 

2016

 

2015

 

2016

 

2015



 

 

 

 

 

 

 

 

 

 

 

 

Acquisition costs:

 

 

 

 

 

 

 

 

 

 

 

 

Verizon Acquisition

 

$

 -

 

$

2 

 

$

23 

 

$

37 

Connecticut Acquisition

 

 

 -

 

 

 -

 

 

 -

 

 

1 



 

 

 -

 

 

2 

 

 

23 

 

 

38 

Integration costs:

 

 

 

 

 

 

 

 

 

 

 

 

Verizon Acquisition

 

 

122 

 

 

44 

 

 

364 

 

 

75 

Connecticut Acquisition

 

 

 -

 

 

12 

 

 

 -

 

 

37 



 

 

122 

 

 

56 

 

 

364 

 

 

112 

Total acquisition and

 

 

 

 

 

 

 

 

 

 

 

 

 integration costs

 

$

122 

 

$

58 

 

$

387 

 

$

150