前线通信 2024年度报告

xANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For thefiscal yearendedDecember 31,2024or ¨TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period from _________ to ___________ Commission file number001-11001 86-2359749(I.R.S. Employer Identification No.) 75201(Zip Code) Registrant's telephone number, including area code:(972)445-0042 TheNASDAQStock Market LLC Common Stock, par value $0.01 per share Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.Yes __No_X_ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Act.Yes __NoX Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filingrequirements for the past 90 days.YesXNo __ Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Website, if any, every Interactive Data Filerequired to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that theregistrant was required to submit and post such files).YesXNo __ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or anemerging growth company. See definition of “large accelerated filer”, “accelerated filer,” “smaller reporting company”, and “emerging growth company” inRule 12b-2 of the Exchange Act. (Check one): Large Accelerated FilerxAccelerated FileroNon-Accelerated FileroSmaller Reporting CompanyoEmerging Growth Companyo If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any newor revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.o Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internalcontrol over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm thatprepared or issued its audit report.x If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in thefiling reflect the correction of an error to previously issued financial statements.o The aggregate market value of common stock held by non-affiliates of the registrant on June 30, 2024, based on the closing price per share on suchdate was $6.4billion.The number of shares outstanding of the registrant's common stock as of February 17, 2025 was249,701,000. DOCUMENT INCORPORATED BY REFERENCEPortions of the proxy statement for the Registrant’s 2024 Annual Meeting of Stockholders are incorporated by reference in Part III of this Annual Report on Form 10-K. PART IPage No.Item 1.Business2Item 1A.Risk Factors13Item 1B.Unresolved Staff Comments23Item 1C.Cybersecurity24Item 2.Properties25Item 3.Legal Proceedings25Item 4.Mine Safety Disclosures25PART IIItem 5.Market for Registrant’s Common Equity, Related Stockholder Matters, and IssuerPurchases of EquitySecurities29Item 6.Selected Financial Data29Item 7.Management’s Discussion and Analysis of Financial Condition and Results of Operations Introduction30Item 7A.Quantitative and Qualitative Disclosures About Market Risk44Item 8.Financial Statements and Supplementary Data44Item 9.Changes in and Disagreements with Accountants on Accounting and FinancialDisclosure44Item 9A.Controls and Procedures45Item 9B.Other Information45Item 9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections45PART IIIItem 10.Directors, Executive Officers and Corporate Governance45Item 11.Executive Compensation45Item 12.Security Ownership of Certain Beneficial Owners and Management and RelatedStockholder Matters45Item 13.Certain Relationships and Related Transactions, and Director Independence45Item 14.Principal Accountant Fees and Services45PART IVItem 15.Exhibits and Financial Statement Schedules46Item 16.Form 10-K Summary49Signatures50Index to Consolidated Financial StatementsF-1 PART I Unless the context indicates otherwise, the use of the terms the "Company,” “Frontier”, “we,” “us” or “our” shall refer to Frontier Item 1.Business Overview Frontier is a leading communications and technology provider offering broadband services to 3.1 million broadband customers in 25states as of December 31, 2024. We are building critical infrastructure across the country with our fiber-optic network and cloud-basedsolutions, enabling secure high-spee