Company: CNDT
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001677703-25-000029
Chunk: 88

Company: CONDUENT Inc
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 88
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Other current and long-term assets(60)(111)(123)Accounts payable and accrued compensation and benefits costs(14)(52)(10)Other current and long-term liabilities(11)(2)(44)Net change in income tax assets and liabilities39 1 (11)Net cash provided by (used in) operating activities(50)89 144 Cash Flows from Investing Activities:Cost of additions to land, buildings and equipment(28)(51)(92)Cost of additions to internal use software(28)(42)(61)Proceeds from divestitures851 — 326 Net cash provided by (used in) investing activities795 (93)173 Cash Flows from Financing Activities:Proceeds from revolving credit facility80 — — Payments on revolving credit facility(80)— (100)Proceeds from the issuance of debt, net— — 13 Payments on debt(676)(41)(33)Treasury stock purchases(182)(27)— Taxes paid for settlement of stock-based compensation(9)(7)(1)Dividends paid on preferred stock(10)(10)(10)Contribution from noncontrolling interest— 4 — Net cash provided by (used in) financing activities(877)(81)(131)Effect of exchange rate changes on cash, cash equivalents and restricted cash(10)6 (8)Increase (decrease) in cash, cash equivalents and restricted cash(142)(79)178 Cash, Cash Equivalents and Restricted Cash at Beginning of Period519 598 420 Cash, Cash Equivalents and Restricted Cash at End of period(1)$377 $519 $598 

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(1)Includes $11 million, $21 million and $16 million of restricted cash as of the years ended December 31, 2024, 2023 and 2022, respectively, that was included in Other current assets on their respective Consolidated Balance Sheets.

The accompanying notes are an integral part of these Consolidated Financial Statements.

CNDT 2024 Annual Report54

CONDUENT INCORPORATED

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY

(in millions)Common StockTreasury StockAdditionalPaid-inCapitalRetainedEarningsAOCL(1)Non-controlling InterestShareholders’EquityBalance at December 31, 2021$2 $— $3,910 $(2,351)$(