$CNDT
CONDUENT Inc

2020 Q2 Form 10-Q Financial Statement

#000167770320000027 Filed on August 07, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2
Revenue $1.016B $1.112B
YoY Change -8.63% -19.83%
Cost Of Revenue $795.0M $879.0M
YoY Change -9.56% -18.08%
Gross Profit $221.0M $233.0M
YoY Change -5.15% -11.07%
Gross Profit Margin 21.75% 20.95%
Selling, General & Admin $111.0M $121.0M
YoY Change -8.26% -16.55%
% of Gross Profit 50.23% 51.93%
Research & Development $0.00 $2.000M
YoY Change -100.0% -33.33%
% of Gross Profit 0.0% 0.86%
Depreciation & Amortization $115.0M $112.0M
YoY Change 2.68% -4.27%
% of Gross Profit 52.04% 48.07%
Operating Expenses $111.0M $123.0M
YoY Change -9.76% -16.89%
Operating Profit $110.0M $110.0M
YoY Change 0.0% -3.51%
Interest Expense $15.00M $20.00M
YoY Change -25.0% -45.95%
% of Operating Profit 13.64% 18.18%
Other Income/Expense, Net
YoY Change
Pretax Income -$64.00M -$1.119B
YoY Change -94.28% -2172.22%
Income Tax -$13.00M -$90.00M
% Of Pretax Income
Net Earnings -$51.00M -$1.029B
YoY Change -95.04% -9454.55%
Net Earnings / Revenue -5.02% -92.54%
Basic Earnings Per Share -$0.25 -$4.94
Diluted Earnings Per Share -$0.25 -$4.94
COMMON SHARES
Basic Shares Outstanding 209.1M shares 208.5M shares
Diluted Shares Outstanding 209.1M shares 208.5M shares

Balance Sheet

Concept 2020 Q2 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $428.0M $276.0M
YoY Change 55.07% -72.21%
Cash & Equivalents $428.0M $276.0M
Short-Term Investments
Other Short-Term Assets $287.0M $315.0M
YoY Change -8.89% 37.55%
Inventory
Prepaid Expenses
Receivables $693.0M $824.0M
Other Receivables $52.00M $0.00
Total Short-Term Assets $1.568B $1.607B
YoY Change -2.43% -39.61%
LONG-TERM ASSETS
Property, Plant & Equipment $309.0M $333.0M
YoY Change -7.21% 20.65%
Goodwill $1.491B $2.105B
YoY Change -29.17% -38.52%
Intangibles $306.0M $566.0M
YoY Change -45.94% -26.59%
Long-Term Investments
YoY Change
Other Assets $397.0M $375.0M
YoY Change 5.87% 23.36%
Total Long-Term Assets $2.758B $3.696B
YoY Change -25.38% -22.6%
TOTAL ASSETS
Total Short-Term Assets $1.568B $1.607B
Total Long-Term Assets $2.758B $3.696B
Total Assets $4.326B $5.303B
YoY Change -18.42% -28.68%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $170.0M $161.0M
YoY Change 5.59% 1.9%
Accrued Expenses $530.0M $650.0M
YoY Change -18.46% 118.86%
Deferred Revenue $106.0M $92.00M
YoY Change 15.22% -28.68%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $68.00M $52.00M
YoY Change 30.77% 20.93%
Total Short-Term Liabilities $1.022B $1.217B
YoY Change -16.02% -7.31%
LONG-TERM LIABILITIES
Long-Term Debt $1.581B $1.488B
YoY Change 6.25% -25.64%
Other Long-Term Liabilities $95.00M $105.0M
YoY Change -9.52% -22.22%
Total Long-Term Liabilities $95.00M $105.0M
YoY Change -9.52% -22.22%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.022B $1.217B
Total Long-Term Liabilities $95.00M $105.0M
Total Liabilities $3.009B $3.260B
YoY Change -7.7% -14.1%
SHAREHOLDERS EQUITY
Retained Earnings -$2.290B -$1.583B
YoY Change 44.66% -1199.31%
Common Stock $2.000M $2.000M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.175B $1.901B
YoY Change
Total Liabilities & Shareholders Equity $4.326B $5.303B
YoY Change -18.42% -28.68%

Cashflow Statement

Concept 2020 Q2 2019 Q2
OPERATING ACTIVITIES
Net Income -$51.00M -$1.029B
YoY Change -95.04% -9454.55%
Depreciation, Depletion And Amortization $115.0M $112.0M
YoY Change 2.68% -4.27%
Cash From Operating Activities $74.00M -$185.0M
YoY Change -140.0% -288.78%
INVESTING ACTIVITIES
Capital Expenditures -$36.00M -$43.00M
YoY Change -16.28% -200.0%
Acquisitions
YoY Change
Other Investing Activities $1.000M $2.000M
YoY Change -50.0% -99.51%
Cash From Investing Activities -$35.00M -$41.00M
YoY Change -14.63% -111.36%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -16.00M -17.00M
YoY Change -5.88% 30.77%
NET CHANGE
Cash From Operating Activities 74.00M -185.0M
Cash From Investing Activities -35.00M -41.00M
Cash From Financing Activities -16.00M -17.00M
Net Change In Cash 23.00M -243.0M
YoY Change -109.47% -155.23%
FREE CASH FLOW
Cash From Operating Activities $74.00M -$185.0M
Capital Expenditures -$36.00M -$43.00M
Free Cash Flow $110.0M -$142.0M
YoY Change -177.46% -358.18%

Facts In Submission

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CONDUENT INC
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CY2019Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
4514000000 USD
CY2020Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
209225000 shares
CY2019Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
211511000 shares
CY2020Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
120000 shares
CY2019Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
120000 shares
us-gaap Net Income Loss
NetIncomeLoss
-100000000 USD
us-gaap Net Income Loss
NetIncomeLoss
-1337000000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
232000000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
227000000 USD
us-gaap Deferred Sales Inducements Amortization Expense
DeferredSalesInducementsAmortizationExpense
1000000 USD
us-gaap Deferred Sales Inducements Amortization Expense
DeferredSalesInducementsAmortizationExpense
1000000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-29000000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-140000000 USD
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
1351000000 USD
us-gaap Gain Loss On Investments
GainLossOnInvestments
2000000 USD
us-gaap Gain Loss On Investments
GainLossOnInvestments
1000000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
3000000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
3000000 USD
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-6000000 USD
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-16000000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
9000000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
14000000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
44000000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
64000000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
41000000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
79000000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-24000000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-82000000 USD
us-gaap Increase Decrease In Restructuring Reserve
IncreaseDecreaseInRestructuringReserve
6000000 USD
us-gaap Increase Decrease In Restructuring Reserve
IncreaseDecreaseInRestructuringReserve
8000000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-152000000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-142000000 USD
us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
17000000 USD
us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
-9000000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-118000000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-234000000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
30000000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
76000000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
2000000 USD
us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
30000000 USD
us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
37000000 USD
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
0 USD
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
90000000 USD
cndt Payments Relatedto Divestitures Including Cash Sold
PaymentsRelatedtoDivestituresIncludingCashSold
-2000000 USD
cndt Payments Relatedto Divestitures Including Cash Sold
PaymentsRelatedtoDivestituresIncludingCashSold
8000000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-58000000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-209000000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
150000000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
28000000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
28000000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3000000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
6000000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
5000000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
5000000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
114000000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-39000000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-6000000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2000000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-68000000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-480000000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
505000000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
765000000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
437000000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
285000000 USD
CY2020Q2 us-gaap Restricted Cash
RestrictedCash
9000000 USD
CY2019Q2 us-gaap Restricted Cash
RestrictedCash
9000000 USD
CY2016Q4 us-gaap Convertible Preferred Stock Shares Reserved For Future Issuance
ConvertiblePreferredStockSharesReservedForFutureIssuance
5393000 shares
CY2020Q2 us-gaap Preferred Stock Dividends Per Share Cash Paid
PreferredStockDividendsPerShareCashPaid
20
CY2019Q2 us-gaap Preferred Stock Dividends Per Share Cash Paid
PreferredStockDividendsPerShareCashPaid
20
us-gaap Preferred Stock Dividends Per Share Cash Paid
PreferredStockDividendsPerShareCashPaid
40
us-gaap Preferred Stock Dividends Per Share Cash Paid
PreferredStockDividendsPerShareCashPaid
40
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1016000000 USD
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1112000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2067000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2270000000 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1016000000 USD
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1112000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2067000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2270000000 USD
CY2019Q2 cndt Segment Adjusted Ebitda
SegmentAdjustedEBITDA
114000000 USD
us-gaap Revenues
Revenues
2067000000 USD
CY2020Q2 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
160000000 USD
CY2019Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
155000000 USD
CY2020Q2 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
16000000 USD
CY2019Q4 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
10000000 USD
CY2020Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
106000000 USD
CY2019Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
108000000 USD
CY2020Q2 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
22000000 USD
CY2019Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
21000000 USD
CY2020Q2 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
48000000 USD
CY2019Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
36000000 USD
CY2020Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
693000000 USD
CY2019Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
652000000 USD
CY2016Q1 cndt Preferred Stock Initial Conversion Price Per Share
PreferredStockInitialConversionPricePerShare
22.25
CY2020Q2 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P2Y
CY2020Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
22000000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
64000000 USD
CY2019Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
28000000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
81000000 USD
CY2020Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1600000000 USD
CY2020Q2 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.67
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 primaryreportablesegment
CY2020Q2 us-gaap Revenues
Revenues
1016000000 USD
CY2020Q2 cndt Segment Profit Loss
SegmentProfitLoss
55000000 USD
CY2020Q2 cndt Depreciationand Amortizationexcluding Amortizationof Acquired Intangible Assets
DepreciationandAmortizationexcludingAmortizationofAcquiredIntangibleAssets
55000000 USD
CY2020Q2 cndt Segment Adjusted Ebitda
SegmentAdjustedEBITDA
110000000 USD
CY2019Q2 us-gaap Revenues
Revenues
1112000000 USD
CY2019Q2 cndt Segment Profit Loss
SegmentProfitLoss
59000000 USD
CY2019Q2 cndt Depreciationand Amortizationexcluding Amortizationof Acquired Intangible Assets
DepreciationandAmortizationexcludingAmortizationofAcquiredIntangibleAssets
51000000 USD
cndt Segment Profit Loss
SegmentProfitLoss
100000000 USD
cndt Depreciationand Amortizationexcluding Amortizationof Acquired Intangible Assets
DepreciationandAmortizationexcludingAmortizationofAcquiredIntangibleAssets
113000000 USD
cndt Segment Adjusted Ebitda
SegmentAdjustedEBITDA
206000000 USD
us-gaap Revenues
Revenues
2270000000 USD
cndt Segment Profit Loss
SegmentProfitLoss
128000000 USD
cndt Depreciationand Amortizationexcluding Amortizationof Acquired Intangible Assets
DepreciationandAmortizationexcludingAmortizationofAcquiredIntangibleAssets
105000000 USD
cndt Segment Adjusted Ebitda
SegmentAdjustedEBITDA
237000000 USD
CY2020Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-64000000 USD
CY2019Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-1119000000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-115000000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-1457000000 USD
CY2020Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
60000000 USD
CY2019Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
61000000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
120000000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
123000000 USD
CY2020Q2 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
29000000 USD
CY2019Q2 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
26000000 USD
us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
36000000 USD
us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
42000000 USD
CY2020Q2 us-gaap Interest Expense
InterestExpense
15000000 USD
CY2019Q2 us-gaap Interest Expense
InterestExpense
20000000 USD
us-gaap Interest Expense
InterestExpense
32000000 USD
us-gaap Interest Expense
InterestExpense
40000000 USD
CY2020Q2 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2019Q2 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
1067000000 USD
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
1351000000 USD
CY2020Q2 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
-2000000 USD
CY2019Q2 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
-2000000 USD
us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
-6000000 USD
us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
-16000000 USD
CY2020Q2 us-gaap Litigation Settlement Expense
LitigationSettlementExpense
14000000 USD
CY2019Q2 us-gaap Litigation Settlement Expense
LitigationSettlementExpense
1000000 USD
us-gaap Litigation Settlement Expense
LitigationSettlementExpense
20000000 USD
us-gaap Litigation Settlement Expense
LitigationSettlementExpense
13000000 USD
CY2020Q2 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
1000000 USD
CY2019Q2 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-1000000 USD
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-1000000 USD
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
0 USD
CY2020Q2 cndt Segment Profit Loss
SegmentProfitLoss
55000000 USD
CY2019Q2 cndt Segment Profit Loss
SegmentProfitLoss
59000000 USD
cndt Segment Profit Loss
SegmentProfitLoss
100000000 USD
cndt Segment Profit Loss
SegmentProfitLoss
128000000 USD
CY2020Q2 cndt Depreciationand Amortizationexcluding Amortizationof Acquired Intangible Assets
DepreciationandAmortizationexcludingAmortizationofAcquiredIntangibleAssets
55000000 USD
CY2019Q2 cndt Depreciationand Amortizationexcluding Amortizationof Acquired Intangible Assets
DepreciationandAmortizationexcludingAmortizationofAcquiredIntangibleAssets
51000000 USD
cndt Depreciationand Amortizationexcluding Amortizationof Acquired Intangible Assets
DepreciationandAmortizationexcludingAmortizationofAcquiredIntangibleAssets
113000000 USD
cndt Depreciationand Amortizationexcluding Amortizationof Acquired Intangible Assets
DepreciationandAmortizationexcludingAmortizationofAcquiredIntangibleAssets
105000000 USD
CY2020Q2 cndt California Medicaid Management Information System Mmis
CaliforniaMedicaidManagementInformationSystemMMIS
0 USD
CY2019Q2 cndt California Medicaid Management Information System Mmis
CaliforniaMedicaidManagementInformationSystemMMIS
0 USD
cndt California Medicaid Management Information System Mmis
CaliforniaMedicaidManagementInformationSystemMMIS
-7000000 USD
cndt California Medicaid Management Information System Mmis
CaliforniaMedicaidManagementInformationSystemMMIS
0 USD
CY2020Q2 us-gaap Other Nonrecurring Income Expense
OtherNonrecurringIncomeExpense
0 USD
CY2019Q2 us-gaap Other Nonrecurring Income Expense
OtherNonrecurringIncomeExpense
4000000 USD
us-gaap Other Nonrecurring Income Expense
OtherNonrecurringIncomeExpense
0 USD
us-gaap Other Nonrecurring Income Expense
OtherNonrecurringIncomeExpense
4000000 USD
CY2020Q2 cndt Segment Adjusted Ebitda
SegmentAdjustedEBITDA
110000000 USD
CY2019Q2 cndt Segment Adjusted Ebitda
SegmentAdjustedEBITDA
114000000 USD
cndt Segment Adjusted Ebitda
SegmentAdjustedEBITDA
206000000 USD
cndt Segment Adjusted Ebitda
SegmentAdjustedEBITDA
237000000 USD
CY2019Q4 us-gaap Restructuring Reserve
RestructuringReserve
21000000 USD
us-gaap Restructuring Charges
RestructuringCharges
31000000 USD
us-gaap Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
1000000 USD
cndt Restructuring Net Current Period Charges
RestructuringNetCurrentPeriodCharges
32000000 USD
us-gaap Payments For Restructuring
PaymentsForRestructuring
37000000 USD
CY2020Q2 us-gaap Restructuring Reserve
RestructuringReserve
16000000 USD
CY2018Q4 us-gaap Restructuring Reserve
RestructuringReserve
49000000 USD
us-gaap Restructuring Charges
RestructuringCharges
45000000 USD
us-gaap Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
-5000000 USD
cndt Restructuring Net Current Period Charges
RestructuringNetCurrentPeriodCharges
40000000 USD
us-gaap Payments For Restructuring
PaymentsForRestructuring
39000000 USD
cndt Adjustmentforrightofuseassets
Adjustmentforrightofuseassets
-22000000 USD
CY2019Q2 us-gaap Restructuring Reserve
RestructuringReserve
28000000 USD
CY2020Q2 cndt Strategictransformationcosts
Strategictransformationcosts
2000000 USD
CY2019Q2 cndt Strategictransformationcosts
Strategictransformationcosts
2000000 USD
cndt Strategictransformationcosts
Strategictransformationcosts
4000000 USD
cndt Strategictransformationcosts
Strategictransformationcosts
2000000 USD
CY2020Q2 cndt Restructuring Net Current Period Charges
RestructuringNetCurrentPeriodCharges
27000000 USD
CY2019Q2 cndt Restructuring Net Current Period Charges
RestructuringNetCurrentPeriodCharges
24000000 USD
cndt Restructuring Net Current Period Charges
RestructuringNetCurrentPeriodCharges
32000000 USD
cndt Restructuring Net Current Period Charges
RestructuringNetCurrentPeriodCharges
40000000 USD
CY2020Q2 us-gaap Capital Lease Obligations
CapitalLeaseObligations
19000000 USD
CY2019Q4 us-gaap Capital Lease Obligations
CapitalLeaseObligations
17000000 USD
CY2020Q2 cndt Long Term Debt Gross And Capital Lease Obligations
LongTermDebtGrossAndCapitalLeaseObligations
1671000000 USD
CY2019Q4 cndt Long Term Debt Gross And Capital Lease Obligations
LongTermDebtGrossAndCapitalLeaseObligations
1539000000 USD
CY2020Q2 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
22000000 USD
CY2019Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
25000000 USD
CY2020Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
68000000 USD
CY2019Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
50000000 USD
CY2020Q2 cndt Long Term Debt Excluding Current Maturities And Capital Lease Obligations
LongTermDebtExcludingCurrentMaturitiesAndCapitalLeaseObligations
1581000000 USD
CY2019Q4 cndt Long Term Debt Excluding Current Maturities And Capital Lease Obligations
LongTermDebtExcludingCurrentMaturitiesAndCapitalLeaseObligations
1464000000 USD
CY2020Q2 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
8000000 USD
CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-407000000 USD
cndt Changein Aoc Ibeforereclassification
ChangeinAOCIbeforereclassification
-26000000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-26000000 USD
CY2020Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-433000000 USD
CY2018Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-425000000 USD
cndt Changein Aoc Ibeforereclassification
ChangeinAOCIbeforereclassification
7000000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-14000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
21000000 USD
CY2019Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-404000000 USD
CY2016Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
120000 shares
CY2016Q4 us-gaap Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
120000000 USD
CY2016Q4 us-gaap Preferred Stock Value
PreferredStockValue
142000000 USD
CY2016Q1 us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.08
CY2016Q1 cndt Preferred Stock Annual Dividends
PreferredStockAnnualDividends
9600000 USD
CY2020Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-51000000 USD
CY2019Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-1029000000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-100000000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-1337000000 USD
CY2020Q2 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
3000000 USD
CY2019Q2 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
3000000 USD
us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
5000000 USD
us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
5000000 USD
CY2020Q2 cndt Adjusted Net Income Availableto Common Shareholders Common
AdjustedNetIncomeAvailabletoCommonShareholdersCommon
-54000000 USD
CY2019Q2 cndt Adjusted Net Income Availableto Common Shareholders Common
AdjustedNetIncomeAvailabletoCommonShareholdersCommon
-1032000000 USD
cndt Adjusted Net Income Availableto Common Shareholders Common
AdjustedNetIncomeAvailabletoCommonShareholdersCommon
-105000000 USD
cndt Adjusted Net Income Availableto Common Shareholders Common
AdjustedNetIncomeAvailabletoCommonShareholdersCommon
-1342000000 USD
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
209129000 shares
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
208496000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
210261000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
208207000 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
209129000 shares
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
208496000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
210261000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
208207000 shares
CY2020Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.25
CY2019Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-4.94
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.50
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-6.44
CY2020Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.25
CY2019Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-4.94
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.50
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-6.44
CY2020Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
87000000 USD
CY2019Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
70000000 USD
CY2020Q2 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
25000000 USD
CY2019Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
38000000 USD
CY2020Q2 us-gaap Value Added Tax Receivable Current
ValueAddedTaxReceivableCurrent
22000000 USD
CY2019Q4 us-gaap Value Added Tax Receivable Current
ValueAddedTaxReceivableCurrent
20000000 USD
CY2020Q2 us-gaap Restricted Cash Current
RestrictedCashCurrent
9000000 USD
CY2019Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
9000000 USD
CY2020Q2 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
52000000 USD
CY2019Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
52000000 USD
CY2020Q2 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
92000000 USD
CY2019Q4 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
94000000 USD
CY2020Q2 us-gaap Other Assets Current
OtherAssetsCurrent
287000000 USD
CY2019Q4 us-gaap Other Assets Current
OtherAssetsCurrent
283000000 USD
CY2020Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
266000000 USD
CY2019Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
309000000 USD
CY2020Q2 us-gaap Litigation Reserve Current
LitigationReserveCurrent
74000000 USD
CY2019Q4 us-gaap Litigation Reserve Current
LitigationReserveCurrent
178000000 USD
CY2020Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
82000000 USD
CY2019Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
91000000 USD
CY2020Q2 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
11000000 USD
CY2019Q4 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
15000000 USD
CY2020Q2 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
12000000 USD
CY2019Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
11000000 USD
CY2020Q2 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
15000000 USD
CY2019Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
16000000 USD
CY2020Q2 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
36000000 USD
CY2019Q4 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
27000000 USD
CY2020Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
496000000 USD
CY2019Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
647000000 USD
CY2020Q2 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
152000000 USD
CY2019Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
150000000 USD
CY2020Q2 us-gaap Deferred Costs
DeferredCosts
73000000 USD
CY2019Q4 us-gaap Deferred Costs
DeferredCosts
84000000 USD
CY2020Q2 cndt Product Software Net
ProductSoftwareNet
55000000 USD
CY2019Q4 cndt Product Software Net
ProductSoftwareNet
40000000 USD
CY2020Q2 cndt Capitalized Cloud Computing Implementation Cost Net
CapitalizedCloudComputingImplementationCostNet
41000000 USD
CY2019Q4 cndt Capitalized Cloud Computing Implementation Cost Net
CapitalizedCloudComputingImplementationCostNet
40000000 USD
CY2020Q2 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
76000000 USD
CY2019Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
73000000 USD
CY2020Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
397000000 USD
CY2019Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
387000000 USD
CY2020Q2 us-gaap Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
16000000 USD
CY2019Q4 us-gaap Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
20000000 USD
CY2020Q2 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
22000000 USD
CY2019Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
21000000 USD
CY2020Q2 us-gaap Restructuring Reserve Noncurrent
RestructuringReserveNoncurrent
5000000 USD
CY2019Q4 us-gaap Restructuring Reserve Noncurrent
RestructuringReserveNoncurrent
6000000 USD
CY2020Q2 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
52000000 USD
CY2019Q4 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
44000000 USD
CY2020Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
95000000 USD
CY2019Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
91000000 USD
CY2020Q2 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
7000000 USD
CY2019Q2 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
8000000 USD
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
13000000 USD
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
17000000 USD
CY2020Q2 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
2000000 USD
CY2019Q2 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
6000000 USD
us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
8000000 USD
us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
18000000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
1502000000 USD
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-11000000 USD
CY2020Q2 us-gaap Goodwill
Goodwill
1491000000 USD

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