Frontier Communications Parent, Inc. - FORM 8-K - EX-99.1 - EXHIBIT 99.1

Attached files

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8-K - 8-K - Frontier Communications Parent, Inc.	brhc10014558_8k.htm

Exhibit 99.1

UNITED STATES BANKRUPTCY COURT

SOUTHERN DISTRICT OF NEW YORK

In re: FRONTIER COMMUNICATIONS CORPORATION, et al.	Case No. 20-22476 (RDD)
	Reporting Period 7/1/20 - 7/31/20
	Federal Tax I.D. 06-0619596

CORPORATE MONTHLY OPERATING REPORT

Required Documents	Form No.	Document Attached	Explanation Attached
Schedule of Cash Receipts and Disbursements	MOR-1	Yes	No
Bank Reconciliation (or copies of debtor's bank reconciliations)	MOR-1	Yes	No
Copies of bank statements^[1]
Cash disbursements journals^[1]
Statement of Operations	MOR-2	Yes	No
Balance Sheet	MOR-3	Yes	No
Status of Post-petition Taxes	MOR-4	Yes	No
Copies of IRS Form 6123 or payment receipt^[1]
Copies of tax returns filed during reporting period^[1]
Summary of Unpaid Post-Petition Debts	MOR-4	Yes	No
Listing of Aged Accounts Payable^[1]
Accounts Receivable Aging	MOR-5	Yes	No
Payments to Insiders	MOR-6	Yes	No
Payments to Professionals	MOR-6	Yes	No
Debtor Questionnaire	MOR-7	Yes	No

Note 1: Full record is voluminous but can be provided upon request.

This Monthly Operating Report ("MOR") has been prepared solely for the purpose of complying with monthly reporting requirements applicable in the Debtors' chapter 11 cases and is in a format acceptable to the United States Trustee. The financial information contained herein is limited in scope and covers a limited time period. Moreover, such information is preliminary and unaudited, and is not necessarily prepared in accordance with U.S. GAAP.

I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the attached documents are true and correct to the best of my knowledge and belief.

/s/ Sheldon L. Bruha		August 20, 2020
Signature		Date

Sheldon L. Bruha, Executive Vice President and CFO

UNITED STATES BANKRUPTCY COURT

SOUTHERN DISTRICT OF NEW YORK

In re: FRONTIER COMMUNICATIONS CORPORATION, et al.	Case No. 20-22476 (RDD)
	Reporting Period 7/1/20 - 7/31/20
	Federal Tax I.D. 06-0619596

The report includes activity from the following Debtors and related case numbers:

LISTING OF DEBTOR ENTITIES
Debtor	Case Number	Debtor	Case Number
Citizens Capital Ventures Corp.	20-22477	Frontier Communications Of Indiana, LLC	20-22543
Citizens Directory Services Company L.L.C.	20-22478	Frontier Communications Of Iowa, LLC	20-22545
Citizens Louisiana Accounting Company	20-22479	Frontier Communications Of Lakeside, Inc.	20-22550
Citizens Newcom Company	20-22480	Frontier Communications Of Lakewood, LLC	20-22554
Citizens Newtel, LLC	20-22486	Frontier Communications Of Michigan, Inc.	20-22558
Citizens Pennsylvania Company LLC	20-22493	Frontier Communications Of Minnesota, Inc.	20-22561
Citizens SERP Administration Company	20-22497	Frontier Communications Of Mississippi LLC	20-22564
Citizens Telecom Services Company L.L.C.	20-22501	Frontier Communications Of Mt. Pulaski, Inc.	20-22567
Citizens Telecommunications Company Of Minnesota, LLC	20-22519	Frontier Communications Of New York, Inc.	20-22571
Citizens Telecommunications Company Of California Inc.	20-22508	Frontier Communications Of Orion, Inc.	20-22572
Citizens Telecommunications Company Of Illinois	20-22514	Frontier Communications Of Oswayo River LLC	20-22482
Citizens Telecommunications Company Of Nebraska	20-22528	Frontier Communications Of Pennsylvania, LLC	20-22485
Citizens Telecommunications Company Of Nebraska LLC	20-22532	Frontier Communications Of Rochester, Inc.	20-22489
Citizens Telecommunications Company Of Nevada	20-22539	Frontier Communications Of Seneca-Gorham, Inc.	20-22491
Citizens Telecommunications Company Of New York, Inc.	20-22544	Frontier Communications Of Sylvan Lake, Inc.	20-22494
Citizens Telecommunications Company Of Tennessee L.L.C.	20-22553	Frontier Communications of the Carolinas LLC	20-22498
Citizens Telecommunications Company Of The White Mountains, Inc.	20-22481	Frontier Communications Of The South, LLC	20-22503
Citizens Telecommunications Company Of Utah	20-22487	Frontier Communications Of The Southwest Inc.	20-22505
Citizens Telecommunications Company Of West Virginia	20-22492	Frontier Communications Of Thorntown, LLC	20-22509
Citizens Utilities Capital L.P.	20-22496	Frontier Communications Of Virginia, Inc.	20-22513
Citizens Utilities Rural Company, Inc.	20-22502	Frontier Communications Of Wisconsin LLC	20-22518
Commonwealth Communication, LLC	20-22504	Frontier Communications Online And Long Distance Inc.	20-22522
Commonwealth Telephone Company LLC	20-22512	Frontier Communications Services Inc.	20-22527
Commonwealth Telephone Enterprises LLC	20-22516	Frontier Directory Services Company, LLC	20-22533
Commonwealth Telephone Management Services, Inc.	20-22521	Frontier Florida LLC	20-22537
CTE Holdings, Inc.	20-22526	Frontier Infoservices Inc.	20-22540
CTE Services, Inc.	20-22531	Frontier Midstates Inc.	20-22549
CTE Telecom, LLC	20-22536	Frontier Mobile LLC	20-22551
CTSI, LLC	20-22541	Frontier North Inc.	20-22556
CU Capital LLC	20-22546	Frontier Security Company	20-22560
CU Wireless Company LLC	20-22552	Frontier Services Corp.	20-22563
Electric Lightwave NY, LLC	20-22557	Frontier Southwest Incorporated	20-22484
Evans Telephone Holdings, Inc.	20-22562	Frontier Subsidiary Telco LLC	20-22490
Fairmount Cellular LLC	20-22566	Frontier Techserv, Inc.	20-22499
Frontier ABC LLC	20-22570	Frontier Telephone Of Rochester, Inc.	20-22507
Frontier California Inc.	20-22573	Frontier Video Services Inc.	20-22515
Frontier Communications - Midland, Inc.	20-22574	Frontier West Virginia Inc.	20-22524
Frontier Communications - Prairie, Inc.	20-22569	GVN Services	20-22530
Frontier Communications - Schuyler, Inc.	20-22483	N C C Systems, Inc.	20-22535
Frontier Communications Corporate Services Inc.	20-22488	Navajo Communications Co., Inc.	20-22542
Frontier Communications Corporation	20-22476	Newco West Holdings LLC	20-22548
Frontier Communications ILEC Holdings LLC	20-22495	Ogden Telephone Company	20-22555
Frontier Communications Of America, Inc.	20-22506	Phone Trends, Inc.	20-22475
Frontier Communications Of Ausable Valley, Inc.	20-22511	Rhinelander Telecommunications, LLC	20-22559
Frontier Communications Of Breezewood, LLC	20-22517	Rib Lake Cellular For Wisconsin RSA #3, Inc.	20-22565
Frontier Communications Of Canton, LLC	20-22520	Rib Lake Telecom, Inc.	20-22568
Frontier Communications of Delaware, Inc.	20-22525	SNET America, Inc.	20-22578
Frontier Communications Of Depue, Inc.	20-22529	TCI Technology & Equipment LLC	20-22575
Frontier Communications Of Georgia LLC	20-22534	The Southern New England Telephone Company	20-22576
Frontier Communications Of Illinois, Inc.	20-22538	Total Communications, Inc.	20-22577

Northwest Operations Debtor Entities^[1]
Frontier Communications Northwest Inc.	20-22500	Citizens Telecommunications Company Of Idaho	20-22510
Citizens Telecommunications Company Of Oregon	20-22547	Citizens Telecommunications Company Of Montana	20-22523

Note 1: Pursuant to the order entered by the Bankruptcy Court approving the sale of the Company’s Northwest Operations, among other things, the chapter 11 cases of the following entities have been dismissed.

UNITED STATES BANKRUPTCY COURT

SOUTHERN DISTRICT OF NEW YORK

In re: FRONTIER COMMUNICATIONS CORPORATION, et al.	Case No. 20-22476 (RDD)
	Reporting Period 7/1/20 - 7/31/20
	Federal Tax I.D. 06-0619596

MOR-1: SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS^[1]

Case Number	Debtor	Cash Receipts		Cash Disbursements
20-22477	Citizens Capital Ventures Corp.	$	-	$	-
20-22478	Citizens Directory Services Company L.L.C.		-		-
20-22479	Citizens Louisiana Accounting Company		-		-
20-22480	Citizens Newcom Company		-		-
20-22486	Citizens Newtel, LLC		-		-
20-22493	Citizens Pennsylvania Company LLC		-		-
20-22497	Citizens SERP Administration Company		-		-
20-22501	Citizens Telecom Services Company L.L.C.		515,637,850		515,758,240
20-22519	Citizens Telecommunications Company Of Minnesota, LLC		-		-
20-22508	Citizens Telecommunications Company Of California Inc.		-		-
20-22514	Citizens Telecommunications Company Of Illinois		-		-
20-22528	Citizens Telecommunications Company Of Nebraska		-		-
20-22532	Citizens Telecommunications Company Of Nebraska LLC		-		-
20-22539	Citizens Telecommunications Company Of Nevada		-		-
20-22544	Citizens Telecommunications Company Of New York, Inc.		-		-
20-22553	Citizens Telecommunications Company Of Tennessee L.L.C.		-		-
20-22481	Citizens Telecommunications Company Of The White Mountains, Inc.		-		-
20-22487	Citizens Telecommunications Company Of Utah		-		-
20-22492	Citizens Telecommunications Company Of West Virginia		-		-
20-22496	Citizens Utilities Capital L.P.		-		-
20-22502	Citizens Utilities Rural Company, Inc.		-		-
20-22504	Commonwealth Communication, LLC		-		-
20-22512	Commonwealth Telephone Company LLC		-		-
20-22516	Commonwealth Telephone Enterprises LLC		-		-
20-22521	Commonwealth Telephone Management Services, Inc.		-		-
20-22526	CTE Holdings, Inc.		-		-
20-22531	CTE Services, Inc.		-		-
20-22536	CTE Telecom, LLC		-		-
20-22541	CTSI, LLC		-		-
20-22546	CU Capital LLC		-		-
20-22552	CU Wireless Company LLC		-		-
20-22557	Electric Lightwave NY, LLC		-		-
20-22562	Evans Telephone Holdings, Inc.		-		-
20-22566	Fairmount Cellular LLC		-		-
20-22570	Frontier ABC LLC		-		-
20-22573	Frontier California Inc.		-		-
20-22574	Frontier Communications - Midland, Inc.		-		-
20-22569	Frontier Communications - Prairie, Inc.		-		-
20-22483	Frontier Communications - Schuyler, Inc.		-		-
20-22488	Frontier Communications Corporate Services Inc.		-		-
20-22476	Frontier Communications Corporation		660,244,664		310,512,002
20-22495	Frontier Communications ILEC Holdings LLC		63,410		222,506,570
20-22506	Frontier Communications Of America, Inc.		-		-
20-22511	Frontier Communications Of Ausable Valley, Inc.		-		-
20-22517	Frontier Communications Of Breezewood, LLC		-		-
20-22520	Frontier Communications Of Canton, LLC		-		-
20-22525	Frontier Communications of Delaware, Inc.		-		-
20-22529	Frontier Communications Of Depue, Inc.		-		-
20-22534	Frontier Communications Of Georgia LLC		-		-
20-22538	Frontier Communications Of Illinois, Inc.		-		-
20-22543	Frontier Communications Of Indiana, LLC		-		-
20-22545	Frontier Communications Of Iowa, LLC		-		-
20-22550	Frontier Communications Of Lakeside, Inc.		-		-
20-22554	Frontier Communications Of Lakewood, LLC		-		-
20-22558	Frontier Communications Of Michigan, Inc.		-		-
20-22561	Frontier Communications Of Minnesota, Inc.		-		-

UNITED STATES BANKRUPTCY COURT

SOUTHERN DISTRICT OF NEW YORK

In re: FRONTIER COMMUNICATIONS CORPORATION, et al.	Case No. 20-22476 (RDD)
	Reporting Period 7/1/20 - 7/31/20
	Federal Tax I.D. 06-0619596

MOR-1: SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS^[1]

Case Number	Debtor	Cash Receipts		Cash Disbursements
20-22564	Frontier Communications Of Mississippi LLC		-		-
20-22567	Frontier Communications Of Mt. Pulaski, Inc.		-		-
20-22571	Frontier Communications Of New York, Inc.		-		-
20-22572	Frontier Communications Of Orion, Inc.		-		-
20-22482	Frontier Communications Of Oswayo River LLC		-		-
20-22485	Frontier Communications Of Pennsylvania, LLC		-		-
20-22489	Frontier Communications Of Rochester, Inc.		-		-
20-22491	Frontier Communications Of Seneca-Gorham, Inc.		-		-
20-22494	Frontier Communications Of Sylvan Lake, Inc.		-		-
20-22498	Frontier Communications of the Carolinas LLC		-		-
20-22503	Frontier Communications Of The South, LLC		-		-
20-22505	Frontier Communications Of The Southwest Inc.		-		-
20-22509	Frontier Communications Of Thorntown, LLC		-		-
20-22513	Frontier Communications Of Virginia, Inc.		-		-
20-22518	Frontier Communications Of Wisconsin LLC		84,775		149,134
20-22522	Frontier Communications Online And Long Distance Inc.		-		-
20-22527	Frontier Communications Services Inc.		-		-
20-22533	Frontier Directory Services Company, LLC		-		-
20-22537	Frontier Florida LLC		-		-
20-22540	Frontier Infoservices Inc.		-		-
20-22549	Frontier Midstates Inc.		-		-
20-22551	Frontier Mobile LLC		-		-
20-22556	Frontier North Inc.		-		-
20-22560	Frontier Security Company		-		-
20-22563	Frontier Services Corp.		-		-
20-22484	Frontier Southwest Incorporated		-		-
20-22490	Frontier Subsidiary Telco LLC		-		-
20-22499	Frontier Techserv, Inc.		-		-
20-22507	Frontier Telephone Of Rochester, Inc.		2,777,044		2,777,000
20-22515	Frontier Video Services Inc.		-		-
20-22524	Frontier West Virginia Inc.		-		-
20-22530	GVN Services		-		-
20-22535	N C C Systems, Inc.		-		-
20-22542	Navajo Communications Co., Inc.		-		-
20-22548	Newco West Holdings LLC		-		-
20-22555	Ogden Telephone Company		-		-
20-22475	Phone Trends, Inc.		-		-
20-22559	Rhinelander Telecommunications, LLC		-		-
20-22565	Rib Lake Cellular For Wisconsin RSA #3, Inc.		-		-
20-22568	Rib Lake Telecom, Inc.		-		-
20-22578	SNET America, Inc.		-		-
20-22575	TCI Technology & Equipment LLC		-		-
20-22576	The Southern New England Telephone Company		-		-
20-22577	Total Communications, Inc.		3,779,231		4,027,839

Northwest Operations Debtor Entities
20-22500	Frontier Communications Northwest Inc.		-		-
20-22547	Citizens Telecommunications Company Of Oregon		-		-
20-22510	Citizens Telecommunications Company Of Idaho		-		-
20-22523	Citizens Telecommunications Company Of Montana		40,654		20,008
Total		$	1,182,627,628	$	1,055,750,792

Note 1: Includes cash receipts and disbursements related to third party transactions as well as intercompany transfers between Debtors.

UNITED STATES BANKRUPTCY COURT

SOUTHERN DISTRICT OF NEW YORK

In re: FRONTIER COMMUNICATIONS CORPORATION, et al.	Case No. 20-22476 (RDD)
	Reporting Period 7/1/20 - 7/31/20
	Federal Tax I.D. 06-0619596

MOR-1: BANK ACCOUNT RECONCILIATIONS^[1]

Case
Number

Legal Entity

Institution

Type of Account

Account
Number^[2]

Ending Bank Balance

20-22476

Frontier Communications Corporation

JPMorgan Asset Management

Money Market Fund

x1091

857,806,570

20-22495

Frontier Communications ILEC Holdings LLC

JPMorgan Asset Management

Money Market Fund

x4650

846,222,985

20-22476

Frontier Communications Corporation

Wells Fargo Bank, N.A.

Money Market Fund

x6390

654,543,352

20-22476

Frontier Communications Corporation

JPMorgan Chase Bank, N.A.

Restricted Cash

x0413

49,282,942

20-22476

Frontier Communications Corporation

JPMorgan Chase Bank, N.A.

Primary Concentration

x1846

20,291,068

20-22476

Frontier Communications Corporation

HSBC Bank USA, N.A.

Sub-Concentration

x6485

18,395,595

20-22476

Frontier Communications Corporation

Fifth Third Bank

Sub-Concentration & Collection

x3292

7,393,073

20-22476

Frontier Communications Corporation

HSBC Bank USA, N.A.

Disbursement

x9737

5,000,316

20-22476

Frontier Communications Corporation

HSBC Bank USA, N.A.

Disbursement

x5392

2,294,368

20-22476

Frontier Communications Corporation

HSBC Bank USA, N.A.

Disbursement

x3446

2,248,181

20-22495

Frontier Communications ILEC Holdings LLC

JPMorgan Chase Bank, N.A.

Collection

x1087

1,000,000

20-22476

Frontier Communications Corporation

JPMorgan Chase Bank, N.A.

Disbursement

x9544

464,509

20-22476

Frontier Communications Corporation

JPMorgan Chase Bank, N.A.

Disbursement

x6388

240,024

20-22501

Citizens Telecom Services Company L.L.C.

HSBC Bank USA, N.A.

Collection

x8011

200,104

20-22577

Total Communications, Inc.

TD Bank, N.A.

Local / Sub-Concentration

x9625

103,883

20-22476

Frontier Communications Corporation

JPMorgan Chase Bank, N.A.

Disbursement

x9551

100,544

20-22476

Frontier Communications Corporation

JPMorgan Chase Bank, N.A.

Disbursement

x9536

100,263

20-22501

Citizens Telecom Services Company L.L.C.

Wells Fargo Bank, N.A.

Sub-Concentration & Collection

x6027

62,695

20-22476

Frontier Communications Corporation

HSBC Bank USA, N.A.

Disbursement

x5406

50,992

20-22501

Citizens Telecom Services Company L.L.C.

HSBC Bank USA, N.A.

Collection

x9765

50,696

20-22476

Frontier Communications Corporation

JPMorgan Chase Bank, N.A.

Disbursement

x9569

35,154

20-22563

Frontier Services Corp.

JPMorgan Chase Bank, N.A.

Local / Captive Insurance

x7809

25,850

20-22501

Citizens Telecom Services Company L.L.C.

Umpqua Bank

Local / Depository

x1434

23,964

20-22476

Frontier Communications Corporation

HSBC Bank USA, N.A.

Collection

x5870

20,458

20-22507

Frontier Telephone Of Rochester, Inc.

HSBC Bank USA, N.A.

Collection

x7702

20,146

20-22501

Citizens Telecom Services Company L.L.C.

PNC Bank, N.A.

Sub-Concentration & Collection

x0723

19,776

20-22518

Frontier Communications Of Wisconsin LLC

Associated Bank, N.A.

Local / Depository

x2166

17,565

20-22501

Citizens Telecom Services Company L.L.C.

Associated Bank, N.A.

Local / Depository

x2071

6,335

20-22501

Citizens Telecom Services Company L.L.C.

Norwich Telops Federal Credit Union

Local / Depository

x4523

5,102

20-22501

Citizens Telecom Services Company L.L.C.

JPMorgan Chase Bank, N.A.

Collection

x7638

4,080

20-22501

Citizens Telecom Services Company L.L.C.

JPMorgan Chase Bank, N.A.

Collection

x2529

800

20-22476

Frontier Communications Corporation

BlackRock Investments, Inc.

Money Market Fund

x2605

20-22476

Frontier Communications Corporation

Deutsche Bank – DWS

Money Market Fund

x2495

20-22476

Frontier Communications Corporation

Deutsche Bank AG

Local / Restricted Cash

x0024

20-22501

Citizens Telecom Services Company L.L.C.

Fifth Third Bank

Collection

x7963

20-22501

Citizens Telecom Services Company L.L.C.

Fifth Third Bank

Collection

x3872

20-22501

Citizens Telecom Services Company L.L.C.

Fifth Third Bank

Collection

x0349

20-22501

Citizens Telecom Services Company L.L.C.

Fifth Third Bank

Collection

x2523

20-22501

Citizens Telecom Services Company L.L.C.

Fifth Third Bank

Collection

x2531

20-22476

Frontier Communications Corporation

Goldman Sachs & Co

Money Market Fund

x8515

20-22501

Citizens Telecom Services Company L.L.C.

JPMorgan Chase Bank, N.A.

Collection

x8819

20-22576

The Southern New England Telephone Company

JPMorgan Chase Bank, N.A.

Local / Reserved

x8119

20-22501

Citizens Telecom Services Company L.L.C.

JPMorgan Chase Bank, N.A.

Collection

x9829

20-22501

Citizens Telecom Services Company L.L.C.

JPMorgan Chase Bank, N.A.

Collection

x9837

20-22501

Citizens Telecom Services Company L.L.C.

JPMorgan Chase Bank, N.A.

Collection

x9845

20-22501

Citizens Telecom Services Company L.L.C.

JPMorgan Chase Bank, N.A.

Collection

x1867

20-22501

Citizens Telecom Services Company L.L.C.

JPMorgan Chase Bank, N.A.

Collection

x1913

20-22501

Citizens Telecom Services Company L.L.C.

JPMorgan Chase Bank, N.A.

Collection

x8559

20-22501

Citizens Telecom Services Company L.L.C.

JPMorgan Chase Bank, N.A.

Collection

x8674

20-22501

Citizens Telecom Services Company L.L.C.

JPMorgan Chase Bank, N.A.

Collection

x8682

20-22501

Citizens Telecom Services Company L.L.C.

JPMorgan Chase Bank, N.A.

Collection

x8751

20-22476

Frontier Communications Corporation

JPMorgan Chase Bank, N.A.

Disbursement

x6615

20-22501

Citizens Telecom Services Company L.L.C.

JPMorgan Chase Bank, N.A.

Collection

x7977

20-22501

Citizens Telecom Services Company L.L.C.

JPMorgan Chase Bank, N.A.

Collection

x8314

20-22501

Citizens Telecom Services Company L.L.C.

M & T Bank

Sub-Concentration

xxxx

20-22507

Frontier Telephone Of Rochester, Inc.

M & T Bank

Collection

x2596

20-22501

Citizens Telecom Services Company L.L.C.

M & T Bank

Collection

x3596

20-22476

Frontier Communications Corporation

Morgan Stanley

Money Market Fund

x0280

20-22501

Citizens Telecom Services Company L.L.C.

PNC Bank, N.A.

Collection

x0731

20-22501

Citizens Telecom Services Company L.L.C.

Wells Fargo Bank, N.A.

Collection

x1885

20-22501

Citizens Telecom Services Company L.L.C.

Wells Fargo Bank, N.A.

Collection

x4599

20-22476

Frontier Communications Corporation

Deutsche Bank AG

Local / Drawdown

x0032

)

Northwest Operations Debtor Entities

20-22523

Citizens Telecommunications Company of Montana

First Montana Bank, Inc.

Local / Depository

x1326

50,404

Total Bank Balance (incl. restricted cash)

2,466,081,791

UNITED STATES BANKRUPTCY COURT

SOUTHERN DISTRICT OF NEW YORK

In re: FRONTIER COMMUNICATIONS CORPORATION, et al.	Case No. 20-22476 (RDD)
	Reporting Period 7/1/20 - 7/31/20
	Federal Tax I.D. 06-0619596

MOR-1: BANK ACCOUNT RECONCILIATIONS^[1]

Case
Number

Legal Entity

Institution

Type of Account

Account
Number^[2]

Ending Bank Balance

Bank-to-Book Reconciliation:

Total Bank Balance

2,466,081,791

(+) Receipts in Transit

7,718,663

(-) Restricted Cash

(58,825,543

)

Cash and Cash Equivalents - Book

2,414,974,911

Note 1: Copies of Bank Statements and Cash Disbursement journals are available upon request.

Note 2: Accounts listed as "xxxx" have account numbers of 6 or fewer digits and have been excluded for confidentiality purposes.

UNITED STATES BANKRUPTCY COURT

SOUTHERN DISTRICT OF NEW YORK

In re: FRONTIER COMMUNICATIONS CORPORATION, et al.	Case No. 20-22476 (RDD)
	Reporting Period 7/1/20 - 7/31/20
	Federal Tax I.D. 06-0619596

MOR-2: STATEMENT OF OPERATIONS (UNAUDITED)

($ 000s)

	7/1/20 - 7/31/20

Revenue	$	578,312

Cost of Services		(81,077	)
Other O&M Expenses		(261,080	)
Taxes Other Than Income		(17,303	)
Total Operating & Maintenance Expense	$	(359,460	)

Depreciation and Amortization		(129,193	)
Other Income (Loss)		(9,687	)
Income from Operations	$	79,972

Interest Expense		(40,483	)
Income Taxes		(12,635	)
Net Income	$	26,855

UNITED STATES BANKRUPTCY COURT

SOUTHERN DISTRICT OF NEW YORK

In re: FRONTIER COMMUNICATIONS CORPORATION, et al.	Case No. 20-22476 (RDD)
	Reporting Period 7/1/20 - 7/31/20
	Federal Tax I.D. 06-0619596

MOR-3: BALANCE SHEET (UNAUDITED)

($ 000s)
	As of 7/31/20
Current Assets:
Cash and Cash Equivalents	$	65,715
Temporary Investments		2,349,260
Accounts Receivable, Net		564,057
Prepayments		136,369
Other Current Assets		176,072
Total Current Assets	$	3,291,473

Property, Plant, & Equipment, Net		12,855,417

Other Assets:
Goodwill		(0	)
Intangibles		810,951
Notes Receivable		(0	)
Unamortized Debt Issuance Costs		8,215
Restricted Cash		58,826
Other Deferred Debits		118,652
Receivable from Associated Companies		0
Investment in Associated Companies		(0	)
Other Assets		375,705
Total Assets	$	17,519,239

Current Liabilities:
Total Accounts Payable		519,100
Current Portion of Long-Term Debt		6,447,666
Advanced Billing		228,424
Customers' Deposits		6,565
Interest Accrued		21,127
Accrued Taxes		262,629
Current Pension & OPEB Liabilities		42,853
Other Current & Accr Liabilities		315,296
Total Current Liabilities	$	7,843,660

Other Liabilities:
Customer Advances for Construction		7,130
Other Payables		349,542
Deferred Income Taxes		296,821
Other Deferred Credits		32,504
Long Term Pension & OPEB Liabilities		2,441,728
Payables to Associated Companies		0
Advances from Associated Companies		-
Total Long-Term Debt		-
Contributions in Aid of Construction		13,181
Liabilities Subject to Compromise^[1]		11,596,680
Total Liabilities	$	22,581,248

Equity:
Common Stock Series B		26,506
Preferred Stock		-
Additional Paid In Capital		4,790,167
Net Retained Earnings		(8,912,722	)
Unrealized Gain (Loss)		(979,637	)
Reduction to Equity		26,998
Treasury Stock		(13,322	)
Total Equity	$	(5,062,009	)

Total Liability & Equity	$	17,519,239

Note 1: The Debtors are currently working with their independent auditor to determine the proper balance and reporting for Liabilities Subject to Compromise. Once determined, certain liabilities are likely to be reclassified to/from Current and Other Liabilities to/from Liabilities Subject to Compromise.

UNITED STATES BANKRUPTCY COURT

SOUTHERN DISTRICT OF NEW YORK

In re: FRONTIER COMMUNICATIONS CORPORATION, et al.	Case No. 20-22476 (RDD)
	Reporting Period 7/1/20 - 7/31/20
	Federal Tax I.D. 06-0619596

MOR-4: STATUS OF POST-PETITION TAXES

Office of the US Trustee:

Re: Monthly Operating Report Attestation Regarding Post Petition Taxes

The Debtors, Frontier Communications Corporation, and its affiliate Debtors hereby submit this attestation regarding post petition taxes. All post petition taxes, which are not subject to dispute or reconciliation, are current. There are no material disputes or reconciliations.

/s/ Sheldon L. Bruha		August 20, 2020
Signature		Date

Sheldon L. Bruha, Executive Vice President and CFO

UNITED STATES BANKRUPTCY COURT

SOUTHERN DISTRICT OF NEW YORK

In re: FRONTIER COMMUNICATIONS CORPORATION, et al.	Case No. 20-22476 (RDD)
	Reporting Period 7/1/20 - 7/31/20
	Federal Tax I.D. 06-0619596

MOR-4: SUMMARY OF UNPAID POST-PETITION DEBTS^[1][2]

($ 000s)

Post-Petition Debts	Current		1 - 30		31 - 60		61 - 90		90+		Total
Trade Accounts Payable^[3]	$	102,072	$	20,318	$	894	$	22	$	19	$	123,325
Other Accruals		395,775										395,775
Total Accounts Payable	$	497,847	$	20,318	$	894	$	22	$	19	$	519,100

Advanced Payments and Customer Deposits		234,988										234,988
Interest Accrued		21,127										21,127
Taxes Accrued		262,629										262,629
Other Current & Accr Liabilities		315,296										315,296
Other Payables - Long Term		349,542										349,542
Total	$	1,331,887	$	20,318	$	894	$	22	$	19	$	1,702,683

Note 1: Excludes Long-Term Debt, Pension and OPEB, as well as other deferrals.

Note 2: The Debtors are currently working with their independent auditor to determine the proper balance and reporting for Liabilities Subject to Compromise. Once determined, certain liabilities are likely to be reclassified to/from Current and Other Liabilities to/from Liabilities Subject to Compromise.

Note 3: Amounts reflected as past due pertain to invoices which are being evaluated by the Debtors. Once evaluation is complete, these invoices will be paid or reclassified as pre-petition liabilities.

UNITED STATES BANKRUPTCY COURT

SOUTHERN DISTRICT OF NEW YORK

In re: FRONTIER COMMUNICATIONS CORPORATION, et al.	Case No. 20-22476 (RDD)
	Reporting Period 7/1/20 - 7/31/20
	Federal Tax I.D. 06-0619596

MOR-5: ACCOUNTS RECEIVABLE AGING

($ 000s)

	Current		31 - 60		61 - 90		90+			Total
Gross Receivables	$	391,383	$	68,259	$	34,076	$	190,641			$	684,358
Less: Allowances and Reserves								(120,301	)			(120,301	)

Net Receivable Balance	$	391,383	$	68,259	$	34,076	$	70,339			$	564,057

UNITED STATES BANKRUPTCY COURT

SOUTHERN DISTRICT OF NEW YORK

In re: FRONTIER COMMUNICATIONS CORPORATION, et al.	Case No. 20-22476 (RDD)
	Reporting Period 7/1/20 - 7/31/20
	Federal Tax I.D. 06-0619596

MOR-6: PAYMENTS TO INSIDERS^[1]

Insider Name	Title	Type of Payment	Amount Paid During Period		Total Paid to Date
Bernard Han	President & CEO	Salary	$	108,334	$	379,169
Bernard Han	President & CEO	Expense Reimbursment		-		7,382
John Lass	EVP, Chief Transformation Officer	Salary		41,666		145,831
John Lass	EVP, Chief Transformation Officer	Expense Reimbursment		7		7
Steve Gable	EVP, Chief Technology Officer	Salary		45,834		160,419
Kenneth Arndt	EVP, Chief Operations Officer	Salary		50,000		175,000
Mark Nielsen	EVP, Chief Legal Officer & Secretary	Salary		75,000		262,500
Elisa Bannon-Jones	EVP, Chief HR Officer	Salary		33,334		116,669
Sheldon Bruha	EVP, Chief Financial Officer	Salary		45,834		160,419
Giovanni Maduri	EVP, Chief Customer Officer	Salary		52,084		182,294
Robert Schriesheim	Director	Fees		420,000		420,000
Kevin Beebe	Director	Fees		150,000		150,000
Mohsin Meghji	Director	Fees		150,000		150,000
Paul Keglevic	Director	Fees		150,000		150,000
Diana Ferguson	Director	Fees		58,750		58,750
Edward Fraioli	Director	Fees		60,000		60,000
Pamela Reeve	Director	Fees		97,500		97,500
Peter Bynoe	Director	Fees		57,500		57,500
John Stratton	Board Observer	Fees		-		159,341
Patrick Bartels	Board Observer	Fees		-		159,341

Total Payments to Insiders			$	1,595,843	$	3,052,122

Note 1: Appearance on this Schedule does not constitute admission that the individual is an Insider. The parties identified as “insiders” have been included for informational purposes only. The inclusion of a party as an “insider” herein is not an acknowledgement or concession that such party is an insider under any applicable law. The payments to insiders disclosed herein only reflect payments made during the reporting period including payments made on account of prepetition obligations pursuant to the relief granted under the First Day Motions.

UNITED STATES BANKRUPTCY COURT

SOUTHERN DISTRICT OF NEW YORK

In re: FRONTIER COMMUNICATIONS CORPORATION, et al.	Case No. 20-22476 (RDD)
	Reporting Period 7/1/20 - 7/31/20
	Federal Tax I.D. 06-0619596

MOR-6: PAYMENTS TO RETAINED PROFESSIONALS^[1]

Retained Professional	Amount Paid During Period		Total Paid to Date
Kirkland & Ellis LLP	$	4,885,695	$	4,885,695
FTI Consulting, Inc.		2,134,825		5,452,503
Communications Media Advisors, LLC		537,097		537,097
Delta Partners		634,880		634,880
Evercore Group L.L.C.		-		-
Ernst & Young		109,469		109,469
KPMG		-		-
Prime Clerk		-		3,736,528
PwC		-		-
Wilkinson Barker Knauer		46,141		56,677
Willkie Farr		-		-
Deloitte		-		-
Cravath, Swaine & Moore LLP		-		-
Total Payments to Retained Professionals	$	8,348,108	$	15,412,850

Note 1: Includes all professionals with approved or pending retention applications.

UNITED STATES BANKRUPTCY COURT

SOUTHERN DISTRICT OF NEW YORK

In re: FRONTIER COMMUNICATIONS CORPORATION, et al.	Case No. 20-22476 (RDD)
	Reporting Period 7/1/20 - 7/31/20
	Federal Tax I.D. 06-0619596

MOR-7: DEBTOR QUESTIONNAIRE

	Answer
Question	Yes	No
Have any assets been sold or transferred outside the normal course of business this reporting period?		X
Have any funds been disbursed from any account other than a debtor in possession account this reporting period?		X
Is the Debtor delinquent in the timely filing of any post-petition tax returns?		X
Are workers compensation, general liability or other necessary insurance coverages expired or cancelled, or has the debtor received notice of expiration or cancellation of such policies?		X
Is the Debtor delinquent in paying any insurance premium payment?		X
Have any payments been made on pre-petition liabilities this reporting period?	X^[1]
Are any post petition receivables (accounts, notes or loans) due from related parties?		X^[2]
Are any post petition payroll taxes past due?		X
Are any post petition State or Federal income taxes past due?		X
Are any post petition real estate taxes past due?		X
Are any other post petition taxes past due?		X
Have any pre-petition taxes been paid during this reporting period?	X^[1]
Are any amounts owed to post petition creditors delinquent?		X^[3]
Are any wage payments past due?		X
Have any post petition loans been received by the Debtor from any party?		X
Is the Debtor delinquent in paying any U.S. Trustee fees?		X
Is the Debtor delinquent with any court ordered payments to attorneys or other professionals?		X
Have the owners or shareholders received any compensation outside of the normal course of business?		X

Note 1: Pursuant to the relief requested under the various First Day Motions and their respective orders, certain payments have been made on prepetition obligations as outlined in various motions (e.g. wages, customer programs, insurance, content, taxes & regulatory, critical vendors, lien claimants and 503(b)(9) claimants).

Note 2: The Debtors operate a centralized cash management system which generates intercompany payable balances between the Debtor entities. These are generated in the normal course.

Note 3: Per MOR-4, trade payables reflected as past due pertain to invoices which are being evaluated by the Debtors. Once evaluation is complete, these invoices will be paid or reclassified as pre-petition liabilities.

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