Attached files
| file | filename |
|---|---|
| 8-K - 8-K - Frontier Communications Parent, Inc. | brhc10020572_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 1/1/21- 1/31/21
|
|
|
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
|
February 19th, 2021
|
|
|
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 1/1/21- 1/31/21
|
|
|
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 1/1/21- 1/31/21
|
|
|
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.
|
468,847,784
|
468,817,073
|
|||
|
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
|
605,439,101
|
492,270,408
|
|||
|
20-22495
|
Frontier Communications ILEC Holdings LLC
|
-
|
-
|
|||
|
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 1/1/21- 1/31/21
|
|
|
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
|
49,051
|
44,610
|
|||
|
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.
|
2,480,286
|
2,480,000
|
|||
|
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.
|
1,814,584
|
1,771,484
|
|||
|
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
|
-
|
-
|
|||
|
Total
|
$ 1,078,630,807
|
$ 965,383,575
|
||||
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 1/1/21- 1/31/21
|
|
|
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
|
$ 1,009,000,000
|
|||||
|
20-22476
|
Frontier Communications Corporation
|
Wells Fargo Bank, N.A.
|
Money Market Fund
|
x6390
|
876,532,452
|
|||||
|
20-22476
|
Frontier Communications Corporation
|
JPMorgan Chase Bank, N.A.
|
Restricted Cash
|
x0413
|
48,791,920
|
|||||
|
20-22476
|
Frontier Communications Corporation
|
JPMorgan Chase Bank, N.A.
|
Primary Concentration
|
x1846
|
20,823,093
|
|||||
|
20-22476
|
Frontier Communications Corporation
|
HSBC Bank USA, N.A.
|
Sub-Concentration
|
x6485
|
16,291,515
|
|||||
|
20-22476
|
Frontier Communications Corporation
|
Fifth Third Bank
|
Sub-Concentration & Collection
|
x3292
|
9,221,044
|
|||||
|
20-22476
|
Frontier Communications Corporation
|
HSBC Bank USA, N.A.
|
Disbursement
|
x9737
|
5,002,548
|
|||||
|
20-22476
|
Frontier Communications Corporation
|
HSBC Bank USA, N.A.
|
Disbursement
|
x5392
|
1,831,598
|
|||||
|
20-22476
|
Frontier Communications Corporation
|
HSBC Bank USA, N.A.
|
Disbursement
|
x3446
|
2,673,727
|
|||||
|
20-22476
|
Frontier Communications Corporation
|
JPMorgan Chase Bank, N.A.
|
Disbursement
|
x9544
|
520,412
|
|||||
|
20-22476
|
Frontier Communications Corporation
|
JPMorgan Chase Bank, N.A.
|
Disbursement
|
x6388
|
229,365
|
|||||
|
20-22501
|
Citizens Telecom Services Company L.L.C.
|
HSBC Bank USA, N.A.
|
Collection
|
x8011
|
200,311
|
|||||
|
20-22577
|
Total Communications, Inc.
|
TD Bank, N.A.
|
Local / Sub-Concentration
|
x9625
|
143,592
|
|||||
|
20-22476
|
Frontier Communications Corporation
|
JPMorgan Chase Bank, N.A.
|
Disbursement
|
x9551
|
100,174
|
|||||
|
20-22476
|
Frontier Communications Corporation
|
JPMorgan Chase Bank, N.A.
|
Disbursement
|
x9536
|
41,140
|
|||||
|
20-22501
|
Citizens Telecom Services Company L.L.C.
|
Wells Fargo Bank, N.A.
|
Sub-Concentration & Collection
|
x6027
|
103,492
|
|||||
|
20-22476
|
Frontier Communications Corporation
|
HSBC Bank USA, N.A.
|
Disbursement
|
x5406
|
50,742
|
|||||
|
20-22501
|
Citizens Telecom Services Company L.L.C.
|
HSBC Bank USA, N.A.
|
Collection
|
x9765
|
50,928
|
|||||
|
20-22476
|
Frontier Communications Corporation
|
JPMorgan Chase Bank, N.A.
|
Disbursement
|
x9569
|
31,816
|
|||||
|
20-22563
|
Frontier Services Corp.
|
JPMorgan Chase Bank, N.A.
|
Local / Captive Insurance
|
x7809
|
25,850
|
|||||
|
20-22476
|
Frontier Communications Corporation
|
HSBC Bank USA, N.A.
|
Collection
|
x5870
|
20,353
|
|||||
|
20-22507
|
Frontier Telephone Of Rochester, Inc.
|
HSBC Bank USA, N.A.
|
Collection
|
x7702
|
20,354
|
|||||
|
20-22501
|
Citizens Telecom Services Company L.L.C.
|
PNC Bank, N.A.
|
Sub-Concentration & Collection
|
x0723
|
21,144
|
|||||
|
20-22518
|
Frontier Communications Of Wisconsin LLC
|
Associated Bank, N.A.
|
Local / Depository
|
x2166
|
17,607
|
|||||
|
20-22501
|
Citizens Telecom Services Company L.L.C.
|
Associated Bank, N.A.
|
Local / Depository
|
x2071
|
6,425
|
|||||
|
20-22501
|
Citizens Telecom Services Company L.L.C.
|
Norwich Telops Federal Credit Union
|
Local / Depository
|
x4523
|
5,529
|
|||||
|
20-22501
|
Citizens Telecom Services Company L.L.C.
|
JPMorgan Chase Bank, N.A.
|
Collection
|
x7638
|
8,449
|
|||||
|
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
|
1,742
|
|||||
|
20-22501
|
Citizens Telecom Services Company L.L.C.
|
JPMorgan Chase Bank, N.A.
|
Collection
|
x8314
|
-
|
|||||
|
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
|
-
|
|||||
|
Total Bank Balance (incl. restricted cash)
|
$ 1,991,767,322
|
|||||||||
UNITED STATES BANKRUPTCY COURT
SOUTHERN DISTRICT OF NEW YORK
|
In re: FRONTIER COMMUNICATIONS CORPORATION, et al.
|
Case No. 20-22476 (RDD)
|
|
Reporting Period 1/1/21- 1/31/21
|
|
|
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
|
$ 1,991,767,322
|
|||||||||
|
(+) Receipts in Transit
|
21,665,783
|
|||||||||
|
(-) Restricted Cash
|
(58,324,372)
|
|||||||||
|
Cash and Cash Equivalents - Book
|
$ 1,955,108,732
|
|||||||||
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 1/1/21- 1/31/21
|
|
|
Federal Tax I.D. 06-0619596
|
|
MOR-2: STATEMENT OF OPERATIONS (UNAUDITED)
|
||
|
($ 000s)
|
||
|
1/1/21 - 1/31/21
|
||
|
Revenue
|
$ 555,032
|
|
|
Cost of Services
|
(65,674)
|
|
|
Other O&M Expenses
|
(260,516)
|
|
|
Taxes Other Than Income
|
(12,446)
|
|
|
Total Operating & Maintenance Expense
|
($ 338,636)
|
|
|
Depreciation and Amortization
|
(126,028)
|
|
|
Other Income (Loss)
|
(2,727)
|
|
|
Income from Operations
|
$ 87,641
|
|
|
Interest Expense
|
(29,476)
|
|
|
Income Taxes
|
(17,283)
|
|
|
Net Income
|
$ 40,882
|
|
UNITED STATES BANKRUPTCY COURT
SOUTHERN DISTRICT OF NEW YORK
|
In re:
FRONTIER COMMUNICATIONS CORPORATION, et al.
|
Case No. 20-22476 (RDD)
|
|
Reporting Period 1/1/21- 1/31/21
|
|
|
Federal Tax I.D. 06-0619596
|
|
MOR-3: BALANCE SHEET (UNAUDITED)
|
|
|
($ 000s)
|
|
|
As of 1/31/21
|
|
|
Current Assets:
|
|
|
Cash and Cash Equivalents
|
$ 79,063
|
|
Temporary Investments
|
1,876,046
|
|
Accounts Receivable, Net
|
534,064
|
|
Prepayments
|
83,105
|
|
Other Current Assets
|
175,977
|
|
Total Current Assets
|
$ 2,748,255
|
|
Property, Plant, & Equipment, Net
|
12,965,079
|
|
Other Assets:
|
|
|
Goodwill
|
-
|
|
Intangibles
|
651,373
|
|
Notes Receivable
|
0
|
|
Unamortized Debt Issuance Costs
|
-
|
|
Restricted Cash
|
58,316
|
|
Other Deferred Debits
|
115,015
|
|
Receivable from Associated Companies
|
-
|
|
Investment in Associated Companies
|
(0)
|
|
Other Assets
|
360,509
|
|
Total Assets
|
$ 16,898,546
|
|
Current Liabilities:
|
|
|
Total Accounts Payable
|
558,989
|
|
Current Portion of Long-Term Debt
|
5,781,358
|
|
Advanced Billing
|
204,965
|
|
Customers' Deposits
|
5,492
|
|
Interest Accrued
|
68,934
|
|
Accrued Taxes
|
248,527
|
|
Current Pension & OPEB Liabilities
|
47,982
|
|
Other Current & Accr Liabilities
|
302,884
|
|
Total Current Liabilities
|
$ 7,219,131
|
|
Other Liabilities:
|
|
|
Customer Advances for Construction
|
6,636
|
|
Other Payables
|
402,742
|
|
Deferred Income Taxes
|
374,654
|
|
Other Deferred Credits
|
29,608
|
|
Long Term Pension & OPEB Liabilities
|
2,195,326
|
|
Payables to Associated Companies
|
0
|
|
Advances from Associated Companies
|
-
|
|
Other Long-Term Debt
|
-
|
|
Contributions in Aid of Construction
|
11,553
|
|
Liabilities Subject to Compromise[1]
|
11,565,975
|
|
Total Liabilities
|
$ 21,805,625
|
|
Equity:
|
|
|
Common Stock Series B
|
26,506
|
|
Preferred Stock
|
-
|
|
Additional Paid In Capital
|
4,790,167
|
|
Net Retained Earnings
|
(8,989,704)
|
|
Unrealized Gain (Loss)
|
(748,143)
|
|
Addition (Reduction) to Equity
|
28,401
|
|
Treasury Stock
|
(14,306)
|
|
Total Equity
|
($ 4,907,079)
|
|
Total Liability & Equity
|
$ 16,898,546
|
|
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 1/1/21- 1/31/21
|
|
|
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
|
February 19th, 2021
|
|
|
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 1/1/21- 1/31/21
|
|
|
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]
|
$ 143,407
|
$ 274
|
$ 4,938
|
$ 230
|
$ 433
|
$ 149,281
|
||||||
|
Other Accruals
|
409,708
|
409,708
|
||||||||||
|
Total Accounts Payable
|
$ 553,114
|
$ 274
|
$ 4,938
|
$ 230
|
$ 433
|
$ 558,989
|
||||||
|
Advanced Payments and Customer Deposits
|
210,457
|
210,457
|
||||||||||
|
Interest Accrued
|
68,934
|
68,934
|
||||||||||
|
Taxes Accrued
|
248,527
|
248,527
|
||||||||||
|
Other Current & Accr Liabilities
|
302,884
|
302,884
|
||||||||||
|
Other Payables - Long Term
|
402,742
|
402,742
|
||||||||||
|
Total
|
$ 1,383,917
|
$ 274
|
$ 4,938
|
$ 230
|
$ 433
|
$ 1,792,533
|
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 1/1/21- 1/31/21
|
|
|
Federal Tax I.D. 06-0619596
|
|
MOR-5: ACCOUNTS RECEIVABLE AGING
|
|
($ 000s)
|
|
Current
|
31 - 60
|
61 - 90
|
90+
|
Total
|
|||||
|
Gross Receivables
|
$ 394,407
|
$ 64,401
|
$ 27,000
|
$ 192,704
|
$ 678,512
|
||||
|
Less: Allowances and Reserves
|
(144,449)
|
(144,449)
|
|||||||
|
Net Receivable Balance
|
$ 394,407
|
$ 64,401
|
$ 27,000
|
$ 48,255
|
$ 534,064
|
UNITED STATES BANKRUPTCY COURT
SOUTHERN DISTRICT OF NEW YORK
|
In re:
FRONTIER COMMUNICATIONS CORPORATION, et al.
|
Case No. 20-22476 (RDD)
|
|
Reporting Period 1/1/21- 1/31/21
|
|
|
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
|
Compensation
|
$ 108,333
|
$ 2,977,261
|
||||
|
Bernard Han
|
President & CEO
|
Expense Reimbursement
|
-
|
8,155
|
||||
|
John Lass[2]
|
EVP, Chief Transformation Officer
|
Compensation
|
n/a
|
924,141
|
||||
|
John Lass[2]
|
EVP, Chief Transformation Officer
|
Expense Reimbursement
|
n/a
|
7,389
|
||||
|
Steve Gable
|
EVP, Chief Technology Officer
|
Compensation
|
45,833
|
1,043,961
|
||||
|
Kenneth Arndt
|
EVP, Chief Operations Officer
|
Compensation
|
50,000
|
1,107,500
|
||||
|
Mark Nielsen
|
EVP, Chief Legal Officer & Chief Transactions Officer
|
Compensation
|
75,000
|
1,383,435
|
||||
|
Elisa Bannon-Jones[2]
|
EVP, Chief HR Officer
|
Compensation
|
n/a
|
667,537
|
||||
|
Sheldon Bruha
|
EVP, Chief Financial Officer
|
Compensation
|
45,833
|
986,461
|
||||
|
Giovanni Maduri[2]
|
EVP, Chief Customer Officer
|
Compensation
|
n/a
|
1,169,065
|
||||
|
Robert Schriesheim
|
Director
|
Fees
|
420,000
|
1,510,000
|
||||
|
Kevin Beebe
|
Director
|
Fees
|
150,000
|
450,000
|
||||
|
Mohsin Meghji
|
Director
|
Fees
|
150,000
|
450,000
|
||||
|
Paul Keglevic
|
Director
|
Fees
|
150,000
|
450,000
|
||||
|
Diana Ferguson
|
Director
|
Fees
|
58,750
|
176,250
|
||||
|
Edward Fraioli
|
Director
|
Fees
|
60,000
|
180,000
|
||||
|
Pamela Reeve
|
Director
|
Fees
|
97,500
|
292,500
|
||||
|
Peter Bynoe
|
Director
|
Fees
|
57,500
|
172,500
|
||||
|
John Stratton
|
Board Observer
|
Fees
|
-
|
359,341
|
||||
|
Patrick Bartels
|
Board Observer
|
Fees
|
-
|
359,341
|
||||
|
Total Payments to Insiders
|
$ 1,468,750
|
$ 14,674,838
|
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.
Note 2:
Payments to these individuals in prior periods include severance.
UNITED STATES BANKRUPTCY COURT
SOUTHERN DISTRICT OF NEW YORK
|
In re:
FRONTIER COMMUNICATIONS CORPORATION, et al.
|
Case No. 20-22476 (RDD)
|
|
Reporting Period 1/1/21- 1/31/21
|
|
|
Federal Tax I.D. 06-0619596
|
|
MOR-6: PAYMENTS TO RETAINED PROFESSIONALS[1]
|
|
Retained Professional
|
Role
|
Amount Paid
During Period
|
Total Paid
to Date
|
|||
|
Kirkland & Ellis LLP
|
Debtor Restructuring Counsel
|
$ 2,695,822
|
$ 22,294,002
|
|||
|
FTI Consulting, Inc.
|
Debtor Financial Advisor
|
2,115,754
|
17,319,342
|
|||
|
Communications Media Advisors, LLC
|
Debtor Technical Advisor
|
964,899
|
6,773,834
|
|||
|
Delta Partners
|
Debtor Technical Advisor
|
1,246,764
|
2,542,088
|
|||
|
Evercore Group L.L.C.
|
Debtor Investment Banker
|
-
|
27,125,703
|
|||
|
Ernst & Young
|
Debtor Tax Advisor
|
126,823
|
1,798,363
|
|||
|
KPMG
|
Debtor Tax Advisor
|
57,621
|
5,417,188
|
|||
|
Prime Clerk
|
Claims Agent
|
194,378
|
7,081,480
|
|||
|
PwC
|
Debtor Tax Advisor
|
-
|
211,670
|
|||
|
Wilkinson Barker Knauer
|
Debtor Regulatory Counsel
|
58,802
|
554,026
|
|||
|
Willkie Farr
|
Debtor Conflicts Counsel
|
-
|
36,425
|
|||
|
Deloitte
|
Debtor Tax Advisor
|
-
|
-
|
|||
|
Cravath, Swaine & Moore LLP
|
Debtor Divestiture Counsel
|
-
|
288,588
|
|||
|
Kramer Levin Naftalis & Frankel LLP
|
UCC Counsel
|
449,808
|
4,956,080
|
|||
|
Alvarez & Marsal North America, LLC
|
UCC Financial Advisor
|
63,867
|
1,329,373
|
|||
|
UBS Securities LLC
|
UCC Investment Banker
|
-
|
553,656
|
|||
|
Total Payments to Retained Professionals
|
$ 7,974,537
|
$ 98,281,817
|
|
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 1/1/21- 1/31/21
|
|
|
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.