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Net Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2022
Net Earnings Per Share [Abstract]  
Reconciliation Of Net Loss Per Share

Successor

Predecessor

For the year ended

For the eight months

For the four months

For the year ended

($ in millions and shares in thousands,

December 31,

ended December 31,

ended April 30,

December 31,

except per share amounts)

2022

2021

2021

2020

Net income (loss) used for

basic and diluted earnings (loss) per share:

Net income (loss) attributable to Frontier

common shareholders

$

441

$

414 

$

4,541 

$

(402)

Less: Dividends paid on unvested restricted

stock awards

-

-

-

-

Total basic net income (loss) attributable to

Frontier common shareholders

$

441

$

414 

$

4,541 

$

(402)

Effect of loss related to dilutive stock units

-

-

-

-

Total diluted net income (loss) attributable to

Frontier common shareholders

$

441

$

414 

$

4,541 

$

(402)

Basic earnings (loss) per share:

Total weighted average shares and unvested

restricted stock awards outstanding - basic

244,781 

244,405 

104,799 

104,944 

Less: Weighted average unvested restricted

stock awards

-

-

(215)

(477)

Total weighted average shares outstanding –

basic

244,781 

244,405 

104,584 

104,467 

Basic net income (loss) per share attributable

to Frontier common shareholders

$

1.80

$

1.69 

$

43.42 

$

(3.85)

Diluted earnings (loss) per share:

Total weighted average shares outstanding –

basic

244,781 

244,405 

104,584 

104,467 

Effect of dilutive units

-

1,480 

340 

-

Effect of dilutive restricted stock awards

499

-

-

-

Total weighted average shares outstanding –

diluted

245,280

245,885 

104,924 

104,467 

Diluted net income (loss) per share

attributable to Frontier common

shareholders

$

1.80

$

1.68 

$

43.28 

$

(3.85)