Company: KD
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0001558370-25-000688
Chunk: 4

Company: Kyndryl Holdings, Inc.
Filing Date: 2025-02-06
Form: 10-Q
Item: Part I, Item 1C
Chunk 4
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Part I - Financial Information

Item 1. Consolidated Financial Statements (Unaudited):

KYNDRYL HOLDINGS, INC.CONSOLIDATED INCOME STATEMENT(In millions, except per share amounts)(Unaudited)

​​​​​​​​​​​​​​​Three Months Ended December 31, ​Nine Months Ended December 31, ​    2024    2023    2024    2023Revenues​$ 3,744​$  3,936​$ 11,257​$  12,202​​​​​​​​​​​​​Cost of services​$ 2,981​$  3,184​$ 8,939​$  10,055Selling, general and administrative expenses​​ 647​​ 705​​ 1,951​​ 2,059Workforce rebalancing charges​​ 17​​ 19​​ 92​​ 115Transaction-related costs (benefits)​​ (148)​​ (77)​​ (128)​​ 12Interest expense​​ 24​​ 31​​ 77​​ 92Other expense (income)​​ (35)​​ 21​​ 9​​ 34Total costs and expenses​$ 3,486​$  3,883​$ 10,940​$  12,367​​​​​​​​​​​​​Income (loss) before income taxes​$ 258​$  53​$ 317​$  (165)Provision for income taxes ​$ 43​$  65​$ 134​$  131Net income (loss)​$ 215​$  (12)​$ 183​$  (295)​​​​​​​​​​​​​Basic earnings (loss) per share​$ 0.93​$ (0.05)​$ 0.79​$ (1.29)Diluted earnings (loss) per share​$ 0.89​$ (0.05)​$ 0.77​$ (1.29)​​​​​​​​​​​​​Weighted-average basic shares outstanding​​ 232.2​​ 229.6​​ 231.5​​ 228.9Weighted-average diluted shares outstanding​​ 240.7​​ 229.6​​ 238.3​​ 228.9

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The accompanying notes are an integral part of the financial statements.

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