Conduent Incorporated (CNDT) financial statements (2020 and earlier)
Company profile
| Business Address |
100 CAMPUS DRIVE FLORHAM PARK, NJ 07932 |
| State of Incorp. | NY |
| Fiscal Year End | December 31 |
| SIC | 7389 - Business Services, Not Elsewhere Classified (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 12/31/2019 Q4 | 9/30/2019 Q3 | 6/30/2019 Q2 | 3/31/2019 Q1 | 12/31/2018 Q4 | 9/30/2018 Q3 | 6/30/2018 Q2 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 496 | 228 | 276 | 520 | 756 | 586 | 993 | ||
| Cash and cash equivalents | 496 | 228 | 276 | 520 | 756 | 586 | 993 | ||
| Restricted cash and investments | 9 | 10 | |||||||
| Receivables | 652 | 840 | 824 | 820 | 782 | 951 | 930 | ||
| Contract with customer, asset | 155 | 165 | 192 | 197 | 177 | 191 | |||
| Other current assets | 283 | 313 | 315 | 294 | 234 | 230 | 229 | ||
| Other undisclosed current assets | 15 | 26 | 499 | ||||||
| Total current assets: | 1,586 | 1,546 | 1,607 | 1,831 | 1,964 | 1,993 | 2,661 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 271 | 290 | 317 | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 342 | 331 | 333 | 336 | 328 | 297 | 276 | ||
| Intangible assets, net (including goodwill) | 1,928 | 2,577 | 2,671 | 3,798 | 4,059 | 4,128 | 4,195 | ||
| Goodwill | 1,502 | 2,090 | 2,105 | 3,171 | 3,408 | 3,417 | 3,424 | ||
| Intangible assets, net (excluding goodwill) | 426 | 487 | 566 | 627 | 651 | 711 | 771 | ||
| Contract with customer, asset, net | 14 | ||||||||
| Other noncurrent assets | 387 | 370 | 375 | 360 | 329 | 312 | 304 | ||
| Other undisclosed noncurrent assets | 324 | ||||||||
| Total noncurrent assets: | 2,928 | 3,568 | 3,696 | 4,832 | 4,716 | 4,737 | 4,775 | ||
| TOTAL ASSETS: | 4,514 | 5,114 | 5,303 | 6,663 | 6,680 | 6,730 | 7,436 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 372 | 285 | 326 | 461 | 423 | 449 | 455 | ||
| Accounts payable | 198 | 145 | 161 | 313 | 230 | 216 | 158 | ||
| Employee-related liabilities | 174 | 140 | 165 | 148 | 193 | 233 | 297 | ||
| Deferred revenue | 108 | 95 | 92 | ✕ | ✕ | ✕ | |||
| Debt | 50 | 50 | 52 | 53 | 55 | 49 | 43 | ||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 129 | ||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | 119 | ||||
| Other liabilities | 647 | 693 | 747 | 817 | 567 | 613 | 567 | ||
| Other undisclosed current liabilities | 103 | 152 | 21 | 119 | |||||
| Total current liabilities: | 1,177 | 1,123 | 1,217 | 1,434 | 1,197 | 1,251 | 1,313 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 1,464 | 255 | 275 | 1,512 | |||||
| Finance lease, liability | 10 | 10 | 11 | ✕ | ✕ | ✕ | |||
| Operating lease, liability | 229 | 245 | 264 | ✕ | ✕ | ✕ | |||
| Other undisclosed long-term debt and lease obligation | 1,225 | 1,512 | |||||||
| Liabilities, other than long-term debt | 138 | 131 | 162 | 411 | 498 | 484 | 481 | ||
| Accounts payable and accrued liabilities | 20 | 14 | 19 | 29 | |||||
| Deferred revenue | 21 | 23 | 26 | ✕ | ✕ | ✕ | |||
| Contract with customer, liability | ✕ | ✕ | ✕ | 29 | 32 | 34 | |||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | 283 | 320 | 346 | |||
| Estimated litigation liability | 144 | ||||||||
| Restructuring reserve | 6 | 7 | 12 | 13 | |||||
| Other liabilities | 91 | 87 | 105 | 99 | 280 | 130 | 135 | ||
| Other undisclosed noncurrent liabilities | 293 | 1,595 | 1,606 | 1,749 | 109 | 1,494 | 2,001 | ||
| Total noncurrent liabilities: | 1,895 | 1,981 | 2,043 | 2,160 | 2,119 | 1,978 | 2,482 | ||
| Total liabilities: | 3,072 | 3,104 | 3,260 | 3,594 | 3,316 | 3,229 | 3,795 | ||
| Temporary equity, carrying amount | 142 | 142 | 142 | 142 | 142 | 142 | 142 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 1,300 | 1,868 | 1,901 | 2,927 | 3,222 | 3,359 | 3,499 | ||
| Common stock | 2 | 2 | 2 | 2 | 2 | 2 | 2 | ||
| Additional paid in capital | 3,890 | 3,886 | 3,886 | 3,879 | 3,878 | 3,871 | 3,865 | ||
| Accumulated other comprehensive loss | (407) | (419) | (404) | (403) | (425) | (424) | (512) | ||
| Retained earnings (accumulated deficit) | (2,185) | (1,601) | (1,583) | (551) | (233) | (90) | 144 | ||
| Total stockholders' equity: | 1,300 | 1,868 | 1,901 | 2,927 | 3,222 | 3,359 | 3,499 | ||
| TOTAL LIABILITIES AND EQUITY: | 4,514 | 5,114 | 5,303 | 6,663 | 6,680 | 6,730 | 7,436 | ||
Income statement (P&L) ($ in millions)
| 12/31/2019 Q4 | 9/30/2019 Q3 | 6/30/2019 Q2 | 3/31/2019 Q1 | 12/31/2018 Q4 | 9/30/2018 Q3 | 6/30/2018 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,099 | 1,098 | 1,112 | 1,158 | 1,282 | 1,304 | 1,387 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 1,387 | |
| Cost of revenue | (1,321) | (931) | (941) | (963) | (1,643) | (1,054) | (1,125) | |
| Cost of goods and services sold | (859) | (879) | (906) | (1,054) | (1,125) | |||
| Gross profit: | (222) | 167 | 171 | 195 | (361) | 250 | 262 | |
| Operating expenses | (413) | (181) | (1,290) | (533) | 16 | (337) | (156) | |
| Other operating income (expense), net | 2 | 8 | (1) | 1 | (4) | (4) | 2 | |
| Other nonrecurring (income) expense | (4) | |||||||
| Operating income (loss): | (633) | (6) | (1,120) | (337) | (349) | (91) | 108 | |
| Nonoperating income (expense) (Investment Income, Nonoperating) | (3) | 1 | (1) | |||||
| Interest and debt expense | (18) | (20) | (20) | (20) | (20) | (130) | (40) | |
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | 19 | 12 | 21 | 18 | 227 | (31) | (14) | |
| Income (loss) from continuing operations before income taxes: | (635) | (14) | (1,119) | (338) | (143) | (252) | 54 | |
| Income tax expense (benefit) | 54 | (2) | 90 | 30 | 3 | 15 | (43) | |
| Net income (loss) attributable to parent: | (581) | (16) | (1,029) | (308) | (140) | (237) | 11 | |
| Preferred stock dividends and other adjustments | 17 | (2) | (3) | (2) | (3) | (2) | (3) | |
| Net income (loss) available to common stockholders, diluted: | (564) | (18) | (1,032) | (310) | (143) | (239) | 8 | |
Comprehensive Income ($ in millions)
| 12/31/2019 Q4 | 9/30/2019 Q3 | 6/30/2019 Q2 | 3/31/2019 Q1 | 12/31/2018 Q4 | 9/30/2018 Q3 | 6/30/2018 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (581) | (16) | (1,029) | (308) | (140) | (237) | 11 | |
| Other comprehensive income (loss) | 12 | (15) | (1) | 22 | (1) | 93 | (31) | |
| Comprehensive loss, net of tax, attributable to parent: | (569) | (31) | (1,030) | (286) | (141) | (144) | (20) | |
Statements sources
The financial statements are based on the company's filings with the 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.