Company: CNDT
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001677703-25-000029
Chunk: 87

Company: CONDUENT Inc
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 87
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-of-use assets169 191 Intangible assets, net14 32 Goodwill609 651 Other long-term assets388 436 Total Assets$2,599 $3,162 Liabilities and EquityCurrent portion of long-term debt$24 $34 Accounts payable157 174 Accrued compensation and benefits costs170 183 Unearned income103 91 Liabilities held for sale— 58 Other current liabilities290 328 Total current liabilities744 868 Long-term debt615 1,248 Deferred taxes24 30 Operating lease liabilities138 157 Other long-term liabilities93 84 Total Liabilities1,614 2,387 Contingencies (See Note 15)Series A convertible preferred stock142 142 Common stock2 2 Treasury stock, at cost(210)(27)Additional paid-in capital3,952 3,938 Retained earnings (deficit)(2,433)(2,849)Accumulated other comprehensive loss(472)(435)Total Conduent Inc. Equity839 629 Non-controlling Interest4 4 Total Equity843 633 Total Liabilities and Equity$2,599 $3,162 Shares of common stock issued and outstanding161,829 211,509 Shares of series A convertible preferred stock issued and outstanding120 120 Shares of common stock held in treasury60,868 8,841 

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

CNDT 2024 Annual Report53

CONDUENT INCORPORATED

CONSOLIDATED STATEMENTS OF CASH FLOWS

  Year Ended December 31,(in millions)202420232022Cash Flows from Operating Activities:Net income (loss)$426 $(296)$(182)Adjustments required to reconcile net loss to cash flows from operating activities:Depreciation and amortization204 264 230 Contract inducement amortization3 3 3 Goodwill impairment28 287 358 Deferred income taxes(5)(54)9 Amortization of debt financing costs3 4 4 Loss on extinguishment of debt8 — — (Gain) loss on divestitures and sales of fixed assets, net(724)— (165)Stock-based compensation19 19 21 Changes in operating assets and liabilities:Accounts receivable34 26 54