Company: CNDT
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001677703-25-000029
Chunk: 86

Company: CONDUENT Inc
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 86
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 264 230 Restructuring and related costs46 62 39 Interest expense75 111 84 Loss on extinguishment of debt8 — — Goodwill impairment28 287 358 (Gain) loss on divestitures and transaction costs, net(696)10 (158)Litigation settlements (recoveries), net9 (30)(32)Other (income) expenses, net(13)(3)(1)Total Operating Costs and Expenses2,852 4,054 3,985 Income (Loss) Before Income Taxes504 (332)(127)Income tax expense (benefit)78 (36)55 Net Income (Loss)$426 $(296)$(182)Net Income (Loss) per Share:Basic$2.28 $(1.41)$(0.89)Diluted$2.23 $(1.41)$(0.89)

The accompanying notes are an integral part of these Consolidated Financial Statements.

CNDT 2024 Annual Report51

CONDUENT INCORPORATED

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

 Year Ended December 31,(in millions)202420232022Net Income (Loss)$426 $(296)$(182)Other Comprehensive Income (Loss), Net(1)Currency translation adjustments, net(37)31 (41)Unrecognized gains (losses), net(1)1 (1)Changes in benefit plans, net1 (1)5 Other Comprehensive Income (Loss), Net(37)31 (37)Comprehensive Income (Loss), Net$389 $(265)$(219)

__________

(1)All amounts are net of tax. Tax effects were immaterial. Refer to Note 18 – Other Comprehensive Income (Loss) for information about pre-tax amounts.

The accompanying notes are an integral part of these Consolidated Financial Statements.

CNDT 2024 Annual Report52

CONDUENT INCORPORATED

CONSOLIDATED BALANCE SHEETS December 31,(in millions, except share data in thousands)20242023AssetsCash and cash equivalents$366 $498 Accounts receivable, net493 559 Assets held for sale— 180 Contract assets132 178 Other current assets261 240 Total current assets1,252 1,655 Land, buildings and equipment, net167 197 Operating lease right