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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments582415450496756658
Cash and cash equivalents582415450496756658
Restricted cash and investments      9
Receivables6306996706527821,104
Contract with customer, asset, after allowance for credit loss171154151155177
Deferred costs      126
Other current assets242228306283234180
Other undisclosed current assets  184  15633
Total current assets:1,6251,6801,5771,5861,9642,710
Noncurrent Assets
Operating lease, right-of-use asset197231246271
Property, plant and equipment  305342328257
Long-term investments and receivables      11
Due from related parties     11
Intangible assets, net (including goodwill)9941,3911,7151,9284,0594,257
Goodwill9551,3391,5281,5023,4083,366
Intangible assets, net (excluding goodwill)3952187426651891
Other noncurrent assets489453413387329313
Other undisclosed noncurrent assets 266281    
Total noncurrent assets:1,9462,3562,6792,9284,7164,838
TOTAL ASSETS:3,5714,0364,2564,5146,6807,548
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities425451419372423473
Interest and dividends payable10    
Employee-related liabilities243237174193335
Accounts payable228198182198230138
Accrued liabilities197     
Deferred revenue8182133108
Debt103890505582
Deferred revenue and credits151
Other liabilities382443450647567493
Other undisclosed current liabilities 2511  152169
Total current liabilities:9231,0251,0921,1771,1971,368
Noncurrent Liabilities
Long-term debt and lease obligation, including: 1,2771,3831,4201,4641,5121,979
Finance lease, liability 1081210
Other undisclosed long-term debt and lease obligation 1,2671,1911,2011,2251,5121,979
Liabilities, other than long-term debt312170205138498526
Accounts payable and accrued liabilities    2029 
Deferred revenue    21
Contract with customer, liability32
Deferred tax liabilities, net 384
Deferred income tax liabilities837597 
Estimated litigation liability     144 
Restructuring reserve    613 
Other liabilities699510891280142
Operating lease, liability160184207229
Other undisclosed noncurrent liabilities 1842072931094
Total noncurrent liabilities:1,5891,7371,8321,8952,1192,509
Total liabilities:2,5122,7622,9243,0723,3163,877
Temporary equity, carrying amount142142142142142142
Equity
Equity, attributable to parent9171,1321,1901,3003,2223,529
Common stock222222
Treasury stock, value      
Additional paid in capital3,9243,9103,8993,8903,8783,850
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:9171,1321,1901,3003,2223,529
TOTAL LIABILITIES AND EQUITY:3,5714,0364,2564,5146,6807,548

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues3,8584,1404,1634,4675,3936,022
Revenue, net5,980
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:4885293333254031,045
Operating expenses(615)(554)(472)(2,431)(798)(829)
Other operating income (expense), net1(6)(1)10(5)18
Other nonrecurring (income) expense    (4)  
Other undisclosed operating income      
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   6168225(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 taxes8376    
Loss from continuing operations before income taxes:(127)(25)(139)(2,106)(395)(16)
Income tax expense (benefit)(55)(3)21172(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 adjustments10101010(10)(10)
Other undisclosed net income available to common stockholders, basic      
Net income (loss) available to common stockholders, diluted:(172)(18)(108)(1,924)(426)171

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(182)(28)(118)(1,934)(416)181
Other comprehensive income (loss)(37)(31)9187432
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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: