Company: CNDT
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001677703-25-000076
Chunk: 29

Company: CONDUENT Inc
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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 2025December 31, 2024AssetsCash and cash equivalents$277 $366 Accounts receivable, net480 493 Contract assets131 132 Other current assets297 261 Total current assets1,185 1,252 Land, buildings and equipment, net179 167 Operating lease right-of-use assets164 169 Intangible assets, net13 14 Goodwill610 609 Other long-term assets381 388 Total Assets$2,532 $2,599 Liabilities and EquityCurrent portion of long-term debt$26 $24 Accounts payable155 157 Accrued compensation and benefits costs165 170 Unearned income83 103 Other current liabilities294 290 Total current liabilities723 744 Long-term debt625 615 Deferred taxes16 24 Operating lease liabilities134 138 Other long-term liabilities88 93 Total Liabilities1,586 1,614 Contingencies (See Note 12)Series A convertible preferred stock142 142 Common stock2 2 Treasury stock, at cost(210)(210)Additional paid-in capital3,955 3,952 Retained earnings (deficit)(2,486)(2,433)Accumulated other comprehensive loss(461)(472)Total Conduent Inc. Equity800 839 Noncontrolling Interest4 4 Total Equity804 843 Total Liabilities and Equity$2,532 $2,599 Shares of common stock issued and outstanding161,830 161,829 Shares of series A convertible preferred stock issued and outstanding120 120 Shares of common stock held in treasury60,868 60,868 

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

CNDT Q1 2025 Form 10-Q5

CONDUENT INCORPORATED

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) Three Months Ended March 31,(in millions)20252024Cash Flows from Operating Activities:Net income (loss)$(51)$99 Adjustments required to reconcile net income (loss) to cash flows from operating activities:Depreciation and amortization48 62 Contract inducement amortization— 1 Deferred income taxes(8)13 Amortization of debt financing costs— 1 Loss on extinguishment of debt—