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 investments496228276520756586993
Cash and cash equivalents496228276520756586993
Restricted cash and investments     910
Receivables652840824820782951930
Contract with customer, asset155165192197177191 
Other current assets283313315294234230229
Other undisclosed current assets    1526499
Total current assets:1,5861,5461,6071,8311,9641,9932,661
Noncurrent Assets
Operating lease, right-of-use asset271290317 
Property, plant and equipment342331333336328297276
Intangible assets, net (including goodwill)1,9282,5772,6713,7984,0594,1284,195
Goodwill1,5022,0902,1053,1713,4083,4173,424
Intangible assets, net (excluding goodwill)426487566627651711771
Contract with customer, asset, net   14   
Other noncurrent assets387370375360329312304
Other undisclosed noncurrent assets   324   
Total noncurrent assets:2,9283,5683,6964,8324,7164,7374,775
TOTAL ASSETS:4,5145,1145,3036,6636,6806,7307,436
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities372285326461423449455
Accounts payable198145161313230216158
Employee-related liabilities174140165148193233297
Deferred revenue1089592 
Debt50505253554943
Deferred revenue and credits129
Contract with customer, liability 119 
Other liabilities647693747817567613567
Other undisclosed current liabilities   10315221119
Total current liabilities:1,1771,1231,2171,4341,1971,2511,313
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,464255275 1,512  
Finance lease, liability101011 
Operating lease, liability229245264 
Other undisclosed long-term debt and lease obligation1,225   1,512  
Liabilities, other than long-term debt138131162411498484481
Accounts payable and accrued liabilities201419 29  
Deferred revenue212326 
Contract with customer, liability293234 
Deferred tax liabilities, net283 320346
Estimated litigation liability    144  
Restructuring reserve6712 13  
Other liabilities918710599280130135
Other undisclosed noncurrent liabilities2931,5951,6061,7491091,4942,001
Total noncurrent liabilities:1,8951,9812,0432,1602,1191,9782,482
Total liabilities:3,0723,1043,2603,5943,3163,2293,795
Temporary equity, carrying amount142142142142142142142
Stockholders' equity
Stockholders' equity attributable to parent1,3001,8681,9012,9273,2223,3593,499
Common stock2222222
Additional paid in capital3,8903,8863,8863,8793,8783,8713,865
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:1,3001,8681,9012,9273,2223,3593,499
TOTAL LIABILITIES AND EQUITY:4,5145,1145,3036,6636,6806,7307,436

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
Revenues1,0991,0981,1121,1581,2821,3041,387
Revenue, net1,387
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)167171195(361)250262
Operating expenses(413)(181)(1,290)(533)16(337)(156)
Other operating income (expense), net28(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 taxes19122118227(31)(14)
Income (loss) from continuing operations before income taxes:(635)(14)(1,119)(338)(143)(252)54
Income tax expense (benefit)54(2)9030315(43)
Net income (loss) attributable to parent:(581)(16)(1,029)(308)(140)(237)11
Preferred stock dividends and other adjustments17(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.

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