Company: CNDT
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001677703-25-000152
Chunk: 58

Company: CONDUENT Inc
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 58
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 30, 2025December 31, 2024Other Current AssetsPrepaid expenses$106 $77 Income taxes receivable21 11 Value-added tax receivable8 7 Restricted cash16 11 Net receivables from buyers of divested businesses2 52 Other105 103 Total Other Current Assets$258 $261 Other Current LiabilitiesAccrued liabilities to vendors$151 $156 Litigation related accruals5 8 Current operating lease liabilities52 52 Restructuring liabilities8 15 Income tax payable— 3 Other taxes payable11 16 Accrued interest14 5 Direct response costs - cyber event liabilities16 — Other32 35 Total Other Current Liabilities$289 $290 Other Long-term AssetsInternal use software, net$95 $107 Deferred contract costs, net132 126 Product software, net61 72 Deferred tax assets26 23 Other68 60 Total Other Long-term Assets$382 $388 Other Long-term LiabilitiesIncome tax liabilities19 18 Contract liabilities63 52 Other21 23 Total Other Long-term Liabilities$103 $93 

CNDT Q3 2025 Form 10-Q22

ITEM 2 — MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following Management’s Discussion and Analysis ("MD&A") is intended to provide a reader of our financial statements with a narrative from the perspective of management on our financial condition, results of operations, liquidity, and certain other factors that may affect our future results. Unless otherwise noted, transactions and other factors significantly impacting our financial condition, results of operations and liquidity are discussed in order of magnitude. Our MD&A is presented in seven sections:

•Overview;

•Financial Information and Analysis of Results of Operations;

•Metrics;

•Capital Resources and Liquidity;

•Critical Accounting Estimates and Policies; 

•Recent Accounting Changes; and

•Non-GAAP Financial Measures.

The MD&A is provided as a supplement to, and should be read in conjunction with, our Condensed Consolidated Financial Statements and the accompanying Notes.

Overview

We deliver digital business solutions and services spanning the commercial, government and transportation spectrum – creating valuable outcomes for our clients and the millions of people who count on them. We leverage cloud computing, artificial intelligence ("AI"), machine learning, automation and advanced analytics to deliver mission-c