For the year ending 2025-12-31, ULCC had -$69M decrease in cash & cash equivalents over the period. -$600M in free cash flow.
| Cash Flow | 2025-12-31 |
|---|---|
| Net income (loss) | -137 |
| Deferred income taxes | 3 |
| Depreciation and amortization | 91 |
| Gains recognized on sale-leaseback transactions | 302 |
| Loss on extinguishment of debt | 0 |
| Stock-based compensation | 21 |
| Amortization of cash flow hedges, net of tax | 1 |
| Accounts receivable, net | 12 |
| Supplies and other current assets | -11 |
| Aircraft maintenance deposits | 0 |
| Other long-term assets | 257 |
| Accounts payable | -1 |
| Air traffic liability | 58 |
| Other liabilities | -1 |
| Cash used in operating activities | -525 |
| Capital expenditures | 75 |
| Pre-delivery deposits for flight equipment, net of refunds | 24 |
| Other | 0 |
| Cash used in investing activities | -99 |
| Proceeds from issuance of debt, net of issuance costs | 492 |
| Principal repayments on debt | 380 |
| Proceeds from sale-leaseback transactions, net | 441 |
| Proceeds from the exercise of stock options | 6 |
| Tax withholdings on share-based awards | 4 |
| Cash provided by financing activities | 555 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | -69 |
| Cash and cash equivalents at beginning of period | 740 |
| Cash and cash equivalents at end of period | 671 |
Frontier Group Holdings, Inc. (ULCC)
Frontier Group Holdings, Inc. (ULCC)