Conduent Incorporated (CNDT) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments450496756658390
Cash and cash equivalents450496756658390
Restricted cash and investments   9 
Receivables6706527821,1041,286
Inventory, net of allowances, customer advances and progress billings    41
Inventory    41
Contract with customer, asset151155177
Deferred costs   126 
Other current assets306283234180241
Other undisclosed current assets  15633(41)
Total current assets:1,5771,5861,9642,7101,917
Noncurrent Assets
Operating lease, right-of-use asset246271
Property, plant and equipment305342328257283
Long-term investments and receivables   11 
Due from related parties   11 
Intangible assets, net (including goodwill)1,7151,9284,0594,2575,033
Goodwill1,5281,5023,4083,3663,889
Intangible assets, net (excluding goodwill)1874266518911,144
Other noncurrent assets413387329313476
Total noncurrent assets:2,6792,9284,7164,8385,792
TOTAL ASSETS:4,2564,5146,6807,5487,709
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities419372423473433
Accounts payable182198230138164
Employee-related liabilities237174193335269
Deferred revenue133108
Debt9050558228
Deferred revenue and credits151206
Other liabilities450647567493611
Other undisclosed current liabilities  152169124
Total current liabilities:1,0921,1771,1971,3681,402
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,4201,4641,5121,9791,913
Finance lease, liability1210
Operating lease, liability207229
Other undisclosed long-term debt and lease obligation1,2011,2251,5121,9791,913
Liabilities, other than long-term debt205138498526792
Accounts payable and accrued liabilities 2029  
Deferred revenue 21
Contract with customer, liability32
Deferred tax liabilities, net 384619
Deferred income tax liabilities97 
Estimated litigation liability  144  
Restructuring reserve 613  
Other liabilities10891280142173
Other undisclosed noncurrent liabilities2072931094172
Total noncurrent liabilities:1,8321,8952,1192,5092,877
Total liabilities:2,9243,0723,3163,8774,279
Temporary equity, carrying amount142142142142142
Stockholders' equity
Stockholders' equity attributable to parent1,1901,3003,2223,5293,288
Common stock22222
Additional paid in capital3,8993,8903,8783,8503,812
Accumulated other comprehensive loss(398)(407)(425)(494)(526)
Retained earnings (accumulated deficit)(2,313)(2,185)(233)171 
Total stockholders' equity:1,1901,3003,2223,5293,288
TOTAL LIABILITIES AND EQUITY:4,2564,5146,6807,5487,709

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues4,1634,4675,3936,0226,408
Revenue, net5,9806,358
Cost of revenue(3,830)(4,142)(4,990)(4,977)(6,604)
Cost of goods and services sold(3,209)(3,494)(4,182)(4,977)(5,498)
Gross profit:3333254031,045(196)
Operating expenses(472)(2,431)(798)(829)(1,031)
Other operating income (expense), net(1)10(5)18 
Other nonrecurring (income) expense (4)   
Operating income (loss):(140)(2,096)(400)234(1,227)
Interest and debt expense(60)(78)(220)(137)(14)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes6168225(113)14
Loss from continuing operations before income taxes:(139)(2,106)(395)(16)(1,227)
Income tax expense (benefit)21172(21)193244
Income (loss) from continuing operations:(118)(1,934)(416)177(983)
Loss from discontinued operations   (3) 
Income (loss) before gain (loss) on sale of properties:(118)(1,934)(416)174(983)
Other undisclosed net income   7 
Net income (loss) attributable to parent:(118)(1,934)(416)181(983)
Preferred stock dividends and other adjustments1010(10)(10) 
Net income (loss) available to common stockholders, diluted:(108)(1,924)(426)171(983)

Comprehensive Income ($ in millions)

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