Anton Rinnert's questions to Frontier Communications Parent Inc (FYBR) leadership • Q1 2024
Question
Anton Rinnert, on for Greg Williams, asked about the expected cadence of CapEx and vendor financing payments for the remainder of the year. He specifically questioned if the vendor financing payable balance would be lower at the end of 2024 compared to 2023.
Answer
CFO Scott Beasley clarified that Q1 cash capital investment was front-loaded as planned and expects a material step-down in Q2, followed by smaller declines, keeping them on track for full-year guidance. He confirmed a significant reduction in the vendor financing balance and expects it to remain low, resulting in a large year-over-year decrease by the end of 2024.