Frontier Communications 2013 Annual Report Download - page 30

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Item 6. Selected Financial Data
The following tables present selected historical consolidated financial information of Frontier for the
periods indicated. The selected historical consolidated financial information of Frontier as of and for each of
the five fiscal years in the period ended December 31, 2013 has been derived from Frontier’s historical
consolidated financial statements. The selected historical consolidated financial information as of December 31,
2013 and 2012 and for each of the three years ended December 31, 2013 is derived from the audited historical
consolidated financial statements of Frontier included elsewhere in this Form 10-K. The selected historical
consolidated financial information as of December 31, 2011, 2010 and 2009 and for each of the years ended
December 31, 2010 and 2009 is derived from the audited historical consolidated financial statements of
Frontier not included in this Form 10-K.
2013 2012 2011 2010 2009
Year Ended December 31,(1)
($ in thousands, except per share amounts)
Revenue . . . ....................... $ 4,761,576 $ 5,011,853 $ 5,243,043 $ 3,797,675 $2,117,894
Income from continuing
operations(2)(3)(4)(5) ................ $ 115,478 $ 153,314 $ 157,608 $ 155,717 $ 123,181
Net income attributable to common
shareholders of Frontier(2)(3)(4)(5) . . . $ 112,835 $ 136,636 $ 149,614 $ 152,673 $ 120,783
Net income attributable to common
shareholders of Frontier per basic
share(2)(3)(4)(5) .................... $ 0.11 $ 0.14 $ 0.15 $ 0.23 $ 0.38
Net income attributable to common
shareholders of Frontier per
diluted share(2)(3)(4)(5) ............. $ 0.11 $ 0.13 $ 0.15 $ 0.23 $ 0.38
Cash dividends declared (and paid)
per common share. . ............. $ 0.40 $ 0.40 $ 0.75 $ 0.875 $ 1.00
2013 2012 2011 2010 2009
As of December 31,
Total assets ....................... $16,635,484 $17,733,631 $17,448,319 $17,888,101 $6,903,528
Long-term debt.................... $ 7,873,667 $ 8,381,947 $ 8,224,392 $ 8,005,685 $4,819,402
Total shareholders’ equity of
Frontier. . ....................... $ 4,055,481 $ 4,107,596 $ 4,455,137 $ 5,196,740 $ 327,611
(1) Operating results include activities for the 2010 Acquired Business from the date of its acquisition on July 1,
2010.
(2) Operating results include the pre-tax impacts of losses on retirement of debt or exchanges of debt of $159.8
million ($98.9 million, or $0.10 per share, after tax), $90.4 million ($56.7 million, or $0.06 per share, after tax)
and $45.9 million ($28.9 million, or $0.09 per share, after tax) for 2013, 2012 and 2009, respectively.
(3) Operating results include pre-tax acquisition and integration costs of $9.7 million ($6.1 million, or $0.01 per share,
after tax), $81.7 million ($51.2 million, or $0.05 per share, after tax), $143.1 million ($87.3 million, or $0.09 per
share, after tax), $137.1 million ($85.7 million, or $0.13 per share, after tax) and $28.3 million ($17.8 million, or
$0.06 per share, after tax) for 2013, 2012, 2011, 2010 and 2009, respectively.
(4) Operating results include pre-tax severance costs of $11.5 million ($7.3 million, or $0.01 per share, after tax),
$32.0 million ($20.1 million, or $0.02 per share, after tax), $15.7 million ($9.6 million, or $0.01 per share, after
tax), $10.4 million ($6.4 million, or $0.01 per share, after tax) and $3.8 million ($2.4 million, or $0.01 per share,
after tax) for 2013, 2012, 2011, 2010 and 2009, respectively.
(5) Operating results include pre-tax pension settlement costs of $44.2 million ($27.4 million, or $0.03 per share, after
tax) for 2013.
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FRONTIER COMMUNICATIONS CORPORATION AND SUBSIDIARIES