Company: CNDT
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001677703-25-000152
Chunk: 34

Company: CONDUENT Inc
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 34
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 Consolidated Financial Statements.

CNDT Q3 2025 Form 10-Q5

CONDUENT INCORPORATED

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) Nine Months Ended September 30,(in millions)20252024Cash Flows from Operating Activities:Net income (loss)$(137)$438 Adjustments required to reconcile net income (loss) to cash flows from operating activities:Depreciation and amortization144 157 Contract inducement amortization2 2 Deferred income taxes(3)23 Amortization of debt financing costs1 3 Loss on extinguishment of debt1 6 (Gain) loss on divestitures and sales of fixed assets, net2 (727)Stock-based compensation13 14 Changes in operating assets and liabilities:Accounts receivable14 6 Other current and long-term assets(101)(86)Accounts payable and accrued compensation and benefits costs(17)(17)Other current and long-term liabilities(17)(12)Net change in income tax assets and liabilities(14)102 Net cash provided by (used in) operating activities(112)(91)Cash Flows from Investing Activities:Cost of additions to land, buildings and equipment(44)(39)Cost of additions to internal use software(15)(23)Proceeds from divestitures53 823 Net cash provided by (used in) investing activities(6)761 Cash Flows from Financing Activities:Proceeds from revolving credit facility259 80 Proceeds from the issuance of debt4 — Payments of debt issuance costs(3)— Payments of revolving credit facility(125)(80)Payments of debt(101)(587)Treasury stock purchases(20)(182)Excise tax payment on treasury stock purchases(2)— Taxes paid for settlement of stock-based compensation— (5)Dividends paid on preferred stock(7)(7)Repurchase of noncontrolling interest(5)— Net cash provided by (used in) financing activities— (781)Effect of exchange rate changes on cash, cash equivalents and restricted cash5 (4)Increase (decrease) in cash, cash equivalents and restricted cash(113)(115)Cash, Cash Equivalents and Restricted Cash at Beginning of Period377 519 Cash, Cash Equivalents and Restricted Cash at End of period(1)$264 $404 

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