Conduent Incorporated (CNDT) Financial Statements (2024 and earlier)
Company Profile
Business Address |
100 CAMPUS DRIVE FLORHAM PARK, NJ 07932 |
State of Incorp. | NY |
Fiscal Year End | December 31 |
Industry (SIC) | 7389 - Business Services, Not Elsewhere Classified (benchmarking) |
More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
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ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 582 | 415 | 450 | 496 | 756 | 658 | |||
Cash and cash equivalents | 582 | 415 | 450 | 496 | 756 | 658 | |||
Restricted cash and investments | 9 | ||||||||
Receivables | 630 | 699 | 670 | 652 | 782 | 1,104 | |||
Contract with customer, asset, after allowance for credit loss | 171 | 154 | 151 | 155 | 177 | ✕ | |||
Deferred costs | 126 | ||||||||
Other current assets | 242 | 228 | 306 | 283 | 234 | 180 | |||
Other undisclosed current assets | 184 | 15 | 633 | ||||||
Total current assets: | 1,625 | 1,680 | 1,577 | 1,586 | 1,964 | 2,710 | |||
Noncurrent Assets | |||||||||
Operating lease, right-of-use asset | 197 | 231 | 246 | 271 | ✕ | ✕ | |||
Property, plant and equipment | 305 | 342 | 328 | 257 | |||||
Long-term investments and receivables | 11 | ||||||||
Due from related parties | ✕ | 11 | |||||||
Intangible assets, net (including goodwill) | 994 | 1,391 | 1,715 | 1,928 | 4,059 | 4,257 | |||
Goodwill | 955 | 1,339 | 1,528 | 1,502 | 3,408 | 3,366 | |||
Intangible assets, net (excluding goodwill) | 39 | 52 | 187 | 426 | 651 | 891 | |||
Other noncurrent assets | 489 | 453 | 413 | 387 | 329 | 313 | |||
Other undisclosed noncurrent assets | 266 | 281 | |||||||
Total noncurrent assets: | 1,946 | 2,356 | 2,679 | 2,928 | 4,716 | 4,838 | |||
TOTAL ASSETS: | 3,571 | 4,036 | 4,256 | 4,514 | 6,680 | 7,548 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities | 425 | 451 | 419 | 372 | 423 | 473 | |||
Interest and dividends payable | ✕ | ✕ | 10 | ||||||
Employee-related liabilities | ✕ | ✕ | 243 | 237 | 174 | 193 | 335 | ||
Accounts payable | 228 | 198 | 182 | 198 | 230 | 138 | |||
Accrued liabilities | 197 | ||||||||
Deferred revenue | 81 | 82 | 133 | 108 | ✕ | ✕ | |||
Debt | 10 | 38 | 90 | 50 | 55 | 82 | |||
Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 151 | ||
Other liabilities | 382 | 443 | 450 | 647 | 567 | 493 | |||
Other undisclosed current liabilities | 25 | 11 | 152 | 169 | |||||
Total current liabilities: | 923 | 1,025 | 1,092 | 1,177 | 1,197 | 1,368 | |||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation, including: | 1,277 | 1,383 | 1,420 | 1,464 | 1,512 | 1,979 | |||
Finance lease, liability | 10 | 8 | 12 | 10 | ✕ | ✕ | |||
Other undisclosed long-term debt and lease obligation | 1,267 | 1,191 | 1,201 | 1,225 | 1,512 | 1,979 | |||
Liabilities, other than long-term debt | 312 | 170 | 205 | 138 | 498 | 526 | |||
Accounts payable and accrued liabilities | 20 | 29 | |||||||
Deferred revenue | 21 | ✕ | ✕ | ||||||
Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | 32 | ✕ | ||
Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | 384 | |||
Deferred income tax liabilities | 83 | 75 | 97 | ✕ | ✕ | ||||
Estimated litigation liability | 144 | ||||||||
Restructuring reserve | 6 | 13 | |||||||
Other liabilities | 69 | 95 | 108 | 91 | 280 | 142 | |||
Operating lease, liability | 160 | 184 | 207 | 229 | ✕ | ✕ | |||
Other undisclosed noncurrent liabilities | 184 | 207 | 293 | 109 | 4 | ||||
Total noncurrent liabilities: | 1,589 | 1,737 | 1,832 | 1,895 | 2,119 | 2,509 | |||
Total liabilities: | 2,512 | 2,762 | 2,924 | 3,072 | 3,316 | 3,877 | |||
Temporary equity, carrying amount | 142 | 142 | 142 | 142 | 142 | 142 | |||
Equity | |||||||||
Equity, attributable to parent | 917 | 1,132 | 1,190 | 1,300 | 3,222 | 3,529 | |||
Common stock | 2 | 2 | 2 | 2 | 2 | 2 | |||
Treasury stock, value | |||||||||
Additional paid in capital | 3,924 | 3,910 | 3,899 | 3,890 | 3,878 | 3,850 | |||
Accumulated other comprehensive loss | (466) | (429) | (398) | (407) | (425) | (494) | |||
Retained earnings (accumulated deficit) | (2,543) | (2,351) | (2,313) | (2,185) | (233) | 171 | |||
Equity, attributable to noncontrolling interest | |||||||||
Total equity: | 917 | 1,132 | 1,190 | 1,300 | 3,222 | 3,529 | |||
TOTAL LIABILITIES AND EQUITY: | 3,571 | 4,036 | 4,256 | 4,514 | 6,680 | 7,548 |
Income Statement (P&L) ($ in millions)
12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
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Revenues | 3,858 | 4,140 | 4,163 | 4,467 | 5,393 | 6,022 | ||
Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 5,980 | |
Cost of revenue | (3,370) | (3,611) | (3,830) | (4,142) | (4,990) | (4,977) | ||
Cost of goods and services sold | (3,018) | (3,138) | (3,209) | (3,494) | (4,182) | (4,977) | ||
Gross profit: | 488 | 529 | 333 | 325 | 403 | 1,045 | ||
Operating expenses | (615) | (554) | (472) | (2,431) | (798) | (829) | ||
Other operating income (expense), net | 1 | (6) | (1) | 10 | (5) | 18 | ||
Other nonrecurring (income) expense | (4) | |||||||
Operating income (loss): | (126) | (31) | (140) | (2,096) | (400) | 234 | ||
Interest and debt expense | (84) | (70) | (60) | (78) | (220) | (137) | ||
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | 61 | 68 | 225 | (113) | ||||
Loss from continuing operations before equity method investments, income taxes: | (210) | (101) | (139) | (2,106) | (395) | (16) | ||
Other undisclosed income from continuing operations before income taxes | 83 | 76 | ||||||
Loss from continuing operations before income taxes: | (127) | (25) | (139) | (2,106) | (395) | (16) | ||
Income tax expense (benefit) | (55) | (3) | 21 | 172 | (21) | 193 | ||
Income (loss) from continuing operations: | (182) | (28) | (118) | (1,934) | (416) | 177 | ||
Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | (28) | (118) | (1,934) | (416) | 174 | |
Loss from discontinued operations | (3) | |||||||
Other undisclosed net income | 7 | |||||||
Net income (loss) attributable to parent: | (182) | (28) | (118) | (1,934) | (416) | 181 | ||
Preferred stock dividends and other adjustments | 10 | 10 | 10 | 10 | (10) | (10) | ||
Net income (loss) available to common stockholders, diluted: | (172) | (18) | (108) | (1,924) | (426) | 171 |
Comprehensive Income ($ in millions)
12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
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Net income (loss): | (182) | (28) | (118) | (1,934) | (416) | 181 | ||
Other comprehensive income (loss) | (37) | (31) | 9 | 18 | 74 | 32 | ||
Comprehensive income (loss), net of tax, attributable to parent: | (219) | (59) | (109) | (1,916) | (342) | 213 |
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.