Company: CNDT
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001677703-25-000029
Chunk: 137

Company: CONDUENT Inc
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 137
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 Common Shareholders - Basic$416 $(306)$(192)Diluted Net Earnings (Loss) per Share:Net Income (Loss)$426 $(296)$(182)Dividend - Preferred Stock— (10)(10)Adjusted Net Income (Loss) Available to Common Shareholders - Diluted$426 $(306)$(192)Weighted Average Common Shares Outstanding - Basic182,513 216,779 215,886 Common Shares Issuable with Respect to:Restricted Stock and Performance Units / Shares3,224008% Convertible Preferred Stock5,39300Weighted Average Common Shares Outstanding - Diluted191,130 216,779 215,886 Net Earnings (Loss) per Share:Basic$2.28 $(1.41)$(0.89)Diluted$2.23 $(1.41)$(0.89)The following securities were not included in the computation of diluted earnings per share as they were either contingently issuable shares or shares that if included would have been anti-dilutive (shares in thousands):Restricted stock and performance shares/units7,731 8,652 5,469 Convertible preferred stock— 5,393 5,393 Total Anti-Dilutive and Contingently Issuable Securities7,731 14,045 10,862 

Note 20 – Related Party Transactions

In the normal course of business, the Company provided services to, and purchased from, certain related parties with the same shareholders. The services provided to these entities included those related to human resources, end-user support and other services and solutions. The purchases from these entities included office equipment and related services and supplies. Revenue and purchases from these entities were included in Revenue and Costs of services or Selling, general and administrative, respectively, on the Company's Consolidated Statements of Income (Loss).Xerox Corporation ("Xerox") was historically classified as a related party due to significant shares of both Xerox and the Company being held by entities controlled by one individual. As of September 28, 2023, Xerox was no longer considered a related party due to the disposition of all Xerox stock by these entities and, therefore, the Company does not consider transactions with Xerox after that date to be transactions with related parties.Transactions with related parties were as follows:Year Ended December 31, (in millions)202420232022Revenue from related parties$— $6 $11 Purchases