Company: CNDT
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001677703-25-000076
Chunk: 30

Company: CONDUENT Inc
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 30
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 2 (Gain) loss on divestitures and sales of fixed assets, net— (164)Stock-based compensation3 3 Changes in operating assets and liabilities:Accounts receivable16 (52)Other current and long-term assets(45)(23)Accounts payable and accrued compensation and benefits costs(6)(10)Other current and long-term liabilities(13)(6)Net change in income tax assets and liabilities(2)37 Net cash provided by (used in) operating activities(58)(37)Cash Flows from Investing Activities:Cost of additions to land, buildings and equipment(14)(13)Cost of additions to internal use software(4)(8)Proceeds from divestitures1 164 Net cash provided by (used in) investing activities(17)143 Cash Flows from Financing Activities:Proceeds from revolving credit facility50 — Payments on revolving credit facility(50)— Payments on debt(8)(175)Treasury stock purchases— (17)Taxes paid for settlement of stock-based compensation— (5)Dividends paid on preferred stock(2)(2)Net cash provided by (used in) financing activities(10)(199)Effect of exchange rate changes on cash, cash equivalents and restricted cash1 (2)Increase (decrease) in cash, cash equivalents and restricted cash(84)(95)Cash, Cash Equivalents and Restricted Cash at Beginning of Period377 519 Cash, Cash Equivalents and Restricted Cash at End of period(1)$293 $424 

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(1)Includes $16 million and $9 million of restricted cash as of March 31, 2025 and 2024, respectively, that were included in Other current assets on the respective Condensed Consolidated Balance Sheets.

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

CNDT Q1 2025 Form 10-Q6

CONDUENT INCORPORATED

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (UNAUDITED)

Three Months Ended March 31, 2025(in millions)Common StockTreasury StockAdditional Paid-in CapitalRetained Earnings (Deficit)AOCL(1)Non-controlling InterestShareholders'EquityBalance at December 31, 2024$2 $(210)$3,952 $(2,433)$(472)$4 $843 Div