Conduent Incorporated (CNDT) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments415450496756658390
Cash and cash equivalents415450496756658390
Restricted cash and investments    9 
Receivables6996706527821,1041,286
Inventory, net of allowances, customer advances and progress billings     41
Inventory     41
Contract with customer, asset154151155177
Deferred costs    126 
Other current assets228306283234180241
Other undisclosed current assets184  15633(41)
Total current assets:1,6801,5771,5861,9642,7101,917
Noncurrent Assets
Operating lease, right-of-use asset231246271
Property, plant and equipment 305342328257283
Long-term investments and receivables    11 
Due from related parties    11 
Intangible assets, net (including goodwill)1,3911,7151,9284,0594,2575,033
Goodwill1,3391,5281,5023,4083,3663,889
Intangible assets, net (excluding goodwill)521874266518911,144
Other noncurrent assets453413387329313476
Other undisclosed noncurrent assets281     
Total noncurrent assets:2,3562,6792,9284,7164,8385,792
TOTAL ASSETS:4,0364,2564,5146,6807,5487,709
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities451419372423473433
Accounts payable198182198230138164
Employee-related liabilities243237174193335269
Interest and dividends payable10     
Deferred revenue82133108
Debt389050558228
Deferred revenue and credits151206
Other liabilities443450647567493611
Other undisclosed current liabilities11  152169124
Total current liabilities:1,0251,0921,1771,1971,3681,402
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,3831,4201,4641,5121,9791,913
Finance lease, liability81210
Operating lease, liability184207229
Other undisclosed long-term debt and lease obligation1,1911,2011,2251,5121,9791,913
Liabilities, other than long-term debt170205138498526792
Accounts payable and accrued liabilities  2029  
Deferred revenue  21
Contract with customer, liability32
Deferred tax liabilities, net 384619
Deferred income tax liabilities7597 
Estimated litigation liability   144  
Restructuring reserve  613  
Other liabilities9510891280142173
Other undisclosed noncurrent liabilities1842072931094172
Total noncurrent liabilities:1,7371,8321,8952,1192,5092,877
Total liabilities:2,7622,9243,0723,3163,8774,279
Temporary equity, carrying amount142142142142142142
Stockholders' equity
Stockholders' equity attributable to parent1,1321,1901,3003,2223,5293,288
Common stock222222
Additional paid in capital3,9103,8993,8903,8783,8503,812
Accumulated other comprehensive loss(429)(398)(407)(425)(494)(526)
Retained earnings (accumulated deficit)(2,351)(2,313)(2,185)(233)171 
Total stockholders' equity:1,1321,1901,3003,2223,5293,288
TOTAL LIABILITIES AND EQUITY:4,0364,2564,5146,6807,5487,709

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues4,1404,1634,4675,3936,0226,408
Revenue, net5,9806,358
Cost of revenue(3,611)(3,830)(4,142)(4,990)(4,977)(6,604)
Cost of goods and services sold(3,138)(3,209)(3,494)(4,182)(4,977)(5,498)
Gross profit:5293333254031,045(196)
Operating expenses(554)(472)(2,431)(798)(829)(1,031)
Other operating income (expense), net(6)(1)10(5)18 
Other nonrecurring (income) expense  (4)   
Operating income (loss):(31)(140)(2,096)(400)234(1,227)
Interest and debt expense(70)(60)(78)(220)(137)(14)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes 6168225(113)14
Loss from continuing operations before equity method investments, income taxes:(101)(139)(2,106)(395)(16)(1,227)
Other undisclosed income from continuing operations before income taxes76     
Loss from continuing operations before income taxes:(25)(139)(2,106)(395)(16)(1,227)
Income tax expense (benefit)(3)21172(21)193244
Income (loss) from continuing operations:(28)(118)(1,934)(416)177(983)
Loss from discontinued operations    (3) 
Income (loss) before gain (loss) on sale of properties:(28)(118)(1,934)(416)174(983)
Other undisclosed net income    7 
Net income (loss) attributable to parent:(28)(118)(1,934)(416)181(983)
Preferred stock dividends and other adjustments101010(10)(10) 
Net income (loss) available to common stockholders, diluted:(18)(108)(1,924)(426)171(983)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):(28)(118)(1,934)(416)181(983)
Other comprehensive income (loss)(31)9187432(155)
Comprehensive income (loss), net of tax, attributable to parent:(59)(109)(1,916)(342)213(1,138)

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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