Anton Rinnert's questions to Frontier Communications Parent (FYBR) leadership • Q1 2024
Question
Anton Rinnert, on behalf of Greg Williams, asked for the expected cadence of cash capital investment for the remainder of 2024 and whether the company still plans to exit the year with a lower vendor financing balance.
Answer
CFO Scott Beasley stated that Q1 cash capital investment of $1.0 billion was front-loaded as expected. He anticipates a material step-down in Q2, followed by smaller declines in Q3 and Q4, keeping them on track for the full-year guidance. Beasley confirmed the vendor financing balance was reduced by about $350 million and is expected to remain low, implying a large year-over-year reduction by the end of 2024.