Company: UIS
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000746838-25-000008
Chunk: 154

Company: UNISYS CORP
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 154
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.6 Geographic information about the company’s revenue, which is principally based on location of the selling organization, properties and outsourcing assets, is presented below:Year ended December 31,202420232022RevenueUnited States$864.1 $889.0 $854.9 United Kingdom241.1 289.3 228.0 Other foreign(i)903.2 837.1 897.0 Total revenue$2,008.4 $2,015.4 $1,979.9 Properties, netUnited States$42.4 $45.9 $52.5 Other foreign(i)14.7 18.4 23.4 Total properties, net$57.1 $64.3 $75.9 Outsourcing assets, netUnited States$7.6 $19.5 $36.0 Australia7.5 7.8 9.5 United Kingdom5.1 2.0 17.9 Other foreign(i)3.8 2.3 3.0 Total outsourcing assets, net$24.0 $31.6 $66.4 (i) No other individual country’s revenue, properties, net and outsourcing assets, net exceeded 10% for the years ended December 31, 2024, 2023 and 2022.Additionally, no single customer accounts for more than 10% of revenue.

Note 21 — Remaining performance obligations

Remaining performance obligations represent the transaction price of firm orders for which work has not been performed and excludes (1) contracts with an original expected length of one year or less and (2) contracts for which the company recognizes revenue at the amount to which it has the right to invoice for services performed. At December 31, 2024, the company had approximately $1.0 billion of remaining performance obligations of which approximately 38% is estimated to be recognized as revenue by the end of 2025, 25% by the end of 2026, 21% by the end of 2027, 11% by the end of 2028 and 5% thereafter. 

Note 22 — Subsequent events

In January 2025, the company made changes to its organizational structure to better align its portfolio of solutions to more effectively address evolving client needs and take further advantage of the synergies across the company’s reportable segments. The