Company: CNDT
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001677703-25-000126
Chunk: 33

Company: CONDUENT Inc
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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 Condensed Consolidated Financial Statements.

CNDT Q2 2025 Form 10-Q5

CONDUENT INCORPORATED

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) Six Months Ended June 30,(in millions)20252024Cash Flows from Operating Activities:Net income (loss)$(91)$315 Adjustments required to reconcile net income (loss) to cash flows from operating activities:Depreciation and amortization96 113 Contract inducement amortization1 1 Deferred income taxes(7)18 Amortization of debt financing costs1 2 Loss on extinguishment of debt— 5 (Gain) loss on divestitures and sales of fixed assets, net2 (533)Stock-based compensation8 8 Changes in operating assets and liabilities:Accounts receivable44 7 Other current and long-term assets(69)(53)Accounts payable and accrued compensation and benefits costs(37)(28)Other current and long-term liabilities(9)(29)Net change in income tax assets and liabilities(12)96 Net cash provided by (used in) operating activities(73)(78)Cash Flows from Investing Activities:Cost of additions to land, buildings and equipment(29)(31)Cost of additions to internal use software(9)(15)Proceeds from divestitures53 599 Net cash provided by (used in) investing activities15 553 Cash Flows from Financing Activities:Proceeds from revolving credit facility125 30 Proceeds from the issuance of debt4 — Payments on revolving credit facility(125)(30)Payments on debt(15)(503)Treasury stock purchases(7)(168)Excise tax payment on treasury stock purchases(2)— Taxes paid for settlement of stock-based compensation— (5)Dividends paid on preferred stock(5)(5)Repurchase of noncontrolling interest(5)— Net cash provided by (used in) financing activities(30)(681)Effect of exchange rate changes on cash, cash equivalents and restricted cash5 (6)Increase (decrease) in cash, cash equivalents and restricted cash(83)(212)Cash, Cash Equivalents and Restricted Cash at Beginning of Period377 519 Cash, Cash Equivalents and Restricted Cash at End of period(1)$294 $307 

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(1)Includes $19 million and $