$CNDT
CONDUENT Inc

2022 Q3 Form 10-Q Financial Statement

#000167770322000033 Filed on August 02, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2021 Q4
Revenue $977.0M $928.0M $1.048B
YoY Change -5.88% -9.55% -0.66%
Cost Of Revenue $754.0M $727.0M $803.0M
YoY Change -2.84% -5.83% 0.0%
Gross Profit $223.0M $201.0M $245.0M
YoY Change -14.89% -20.87% -2.78%
Gross Profit Margin 22.82% 21.66% 23.38%
Selling, General & Admin $117.0M $113.0M $162.0M
YoY Change -10.69% -9.6% 36.13%
% of Gross Profit 52.47% 56.22% 66.12%
Research & Development $2.000M $2.000M $1.000M
YoY Change 0.0% 100.0%
% of Gross Profit 0.9% 1.0% 0.41%
Depreciation & Amortization $54.00M $53.00M $87.00M
YoY Change -35.71% -38.37% -24.35%
% of Gross Profit 24.22% 26.37% 35.51%
Operating Expenses $119.0M $115.0M $252.0M
YoY Change -10.53% -8.73% 7.23%
Operating Profit $104.0M $86.00M -$7.000M
YoY Change -19.38% -32.81% -141.18%
Interest Expense $22.00M $18.00M -$17.00M
YoY Change 83.33% 38.46% 21.43%
% of Operating Profit 21.15% 20.93%
Other Income/Expense, Net -$1.000M
YoY Change
Pretax Income $23.00M $5.000M -$54.00M
YoY Change 21.05% -73.68% 390.91%
Income Tax $8.000M $5.000M -$14.00M
% Of Pretax Income 34.78% 100.0%
Net Earnings $15.00M $0.00 -$40.00M
YoY Change 36.36% -100.0% 263.64%
Net Earnings / Revenue 1.54% 0.0% -3.82%
Basic Earnings Per Share $0.06 -$0.01
Diluted Earnings Per Share $0.06 -$0.01 -$187.3K
COMMON SHARES
Basic Shares Outstanding 215.8M shares 215.6M shares 212.8M shares
Diluted Shares Outstanding 219.4M shares 215.6M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $577.0M $519.0M $415.0M
YoY Change 46.45% 30.73% -7.78%
Cash & Equivalents $577.0M $519.0M $415.0M
Short-Term Investments
Other Short-Term Assets $250.0M $239.0M $228.0M
YoY Change -2.72% -10.49% -25.49%
Inventory
Prepaid Expenses
Receivables $653.0M $684.0M $699.0M
Other Receivables $53.00M $43.00M $58.00M
Total Short-Term Assets $1.641B $1.597B $1.680B
YoY Change 8.6% 7.4% 6.53%
LONG-TERM ASSETS
Property, Plant & Equipment $262.0M $263.0M $281.0M
YoY Change -4.03% -6.41% -7.87%
Goodwill $1.286B $1.310B $1.339B
YoY Change -14.61% -13.76% -12.37%
Intangibles $41.00M $43.00M $52.00M
YoY Change -51.19% -62.93% -72.19%
Long-Term Investments
YoY Change
Other Assets $486.0M $475.0M $453.0M
YoY Change 2.32% 0.21% 9.69%
Total Long-Term Assets $2.280B $2.303B $2.356B
YoY Change -11.66% -12.63% -12.06%
TOTAL ASSETS
Total Short-Term Assets $1.641B $1.597B $1.680B
Total Long-Term Assets $2.280B $2.303B $2.356B
Total Assets $3.921B $3.900B $4.036B
YoY Change -4.18% -5.41% -5.17%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $203.0M $166.0M $198.0M
YoY Change 20.12% 3.11% 8.79%
Accrued Expenses $547.0M $565.0M $584.0M
YoY Change -3.87% 1.25% 6.76%
Deferred Revenue $75.00M $73.00M $82.00M
YoY Change -32.43% -41.13% -38.35%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $33.00M $30.00M $30.00M
YoY Change 57.14% -66.29% -66.67%
Total Short-Term Liabilities $933.0M $895.0M $1.025B
YoY Change -5.47% -15.09% -6.14%
LONG-TERM LIABILITIES
Long-Term Debt $1.272B $1.272B $1.383B
YoY Change -8.09% -5.07% -2.61%
Other Long-Term Liabilities $84.00M $88.00M $95.00M
YoY Change -26.32% -22.12% -12.04%
Total Long-Term Liabilities $84.00M $88.00M $95.00M
YoY Change -26.32% -22.12% -12.04%
TOTAL LIABILITIES
Total Short-Term Liabilities $933.0M $895.0M $1.025B
Total Long-Term Liabilities $84.00M $88.00M $95.00M
Total Liabilities $2.573B $2.533B $2.762B
YoY Change -7.01% -9.41% -5.54%
SHAREHOLDERS EQUITY
Retained Earnings -$2.207B -$2.220B -$2.351B
YoY Change -4.38% -4.19% 1.64%
Common Stock $2.000M $2.000M $2.000M
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.206B $1.225B $1.132B
YoY Change
Total Liabilities & Shareholders Equity $3.921B $3.900B $4.036B
YoY Change -4.18% -5.41% -5.17%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2021 Q4
OPERATING ACTIVITIES
Net Income $15.00M $0.00 -$40.00M
YoY Change 36.36% -100.0% 263.64%
Depreciation, Depletion And Amortization $54.00M $53.00M $87.00M
YoY Change -35.71% -38.37% -24.35%
Cash From Operating Activities $98.00M -$16.00M $85.00M
YoY Change 78.18% -115.24% -50.58%
INVESTING ACTIVITIES
Capital Expenditures -$27.00M -$33.00M -$46.00M
YoY Change -10.0% -19.51% 4.55%
Acquisitions
YoY Change
Other Investing Activities $1.000M $2.000M $1.000M
YoY Change -50.0% 100.0% -50.0%
Cash From Investing Activities -$26.00M -$31.00M -$45.00M
YoY Change -7.14% -22.5% 7.14%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -11.00M -11.00M -20.00M
YoY Change -56.0% -82.26% -88.44%
NET CHANGE
Cash From Operating Activities 98.00M -16.00M 85.00M
Cash From Investing Activities -26.00M -31.00M -45.00M
Cash From Financing Activities -11.00M -11.00M -20.00M
Net Change In Cash 61.00M -58.00M 20.00M
YoY Change 2950.0% -2033.33% -146.51%
FREE CASH FLOW
Cash From Operating Activities $98.00M -$16.00M $85.00M
Capital Expenditures -$27.00M -$33.00M -$46.00M
Free Cash Flow $125.0M $17.00M $131.0M
YoY Change 47.06% -88.36% -39.35%

Facts In Submission

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dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Year Focus
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2022
dei Document Fiscal Period Focus
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dei Amendment Flag
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dei Document Type
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dei Entity File Number
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dei Entity Registrant Name
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CONDUENT INC
dei Entity Incorporation State Country Code
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NY
dei Security Exchange Name
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dei City Area Code
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dei Local Phone Number
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dei Security12b Title
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CY2022Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.01
CY2021Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.05
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.61
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.02
CY2022Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.01
CY2021Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
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us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.60
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.02
CY2022Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
11245000 shares
CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
8155000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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CY2022Q2 us-gaap Prepaid Expense And Other Assets Current
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CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
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CY2022Q2 us-gaap Income Taxes Receivable
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CY2021Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
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CY2022Q2 us-gaap Value Added Tax Receivable Current
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CY2021Q4 us-gaap Value Added Tax Receivable Current
ValueAddedTaxReceivableCurrent
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CY2022Q2 us-gaap Restricted Cash Current
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CY2021Q4 us-gaap Restricted Cash Current
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CY2022Q2 cndt Capitalized Cloud Computing Cost Current
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CY2021Q4 cndt Capitalized Cloud Computing Cost Current
CapitalizedCloudComputingCostCurrent
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CY2022Q2 us-gaap Other Assets Miscellaneous Current
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CY2021Q4 us-gaap Other Assets Miscellaneous Current
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CY2022Q2 us-gaap Other Assets Current
OtherAssetsCurrent
239000000 usd
CY2021Q4 us-gaap Other Assets Current
OtherAssetsCurrent
228000000 usd
CY2022Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
236000000 usd
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
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CY2022Q2 us-gaap Litigation Reserve Current
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46000000 usd
CY2021Q4 us-gaap Litigation Reserve Current
LitigationReserveCurrent
64000000 usd
CY2022Q2 us-gaap Operating Lease Liability Current
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65000000 usd
CY2021Q4 us-gaap Operating Lease Liability Current
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71000000 usd
CY2022Q2 us-gaap Restructuring Reserve Current
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2000000 usd
CY2021Q4 us-gaap Restructuring Reserve Current
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6000000 usd
CY2022Q2 us-gaap Accrued Income Taxes Current
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5000000 usd
CY2021Q4 us-gaap Accrued Income Taxes Current
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10000000 usd
CY2022Q2 us-gaap Accrual For Taxes Other Than Income Taxes Current
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17000000 usd
CY2021Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
14000000 usd
CY2022Q2 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
8000000 usd
CY2021Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
10000000 usd
CY2022Q2 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
28000000 usd
CY2021Q4 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
22000000 usd
CY2022Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
407000000 usd
CY2021Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
443000000 usd
CY2021Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
181000000 usd
CY2022Q2 us-gaap Deferred Costs
DeferredCosts
76000000 usd
CY2021Q4 us-gaap Deferred Costs
DeferredCosts
73000000 usd
CY2022Q2 cndt Product Software Net
ProductSoftwareNet
100000000 usd
CY2021Q4 cndt Product Software Net
ProductSoftwareNet
93000000 usd
CY2022Q2 cndt Capitalized Cloud Computing Cost Non Current
CapitalizedCloudComputingCostNonCurrent
6000000 usd
CY2021Q4 cndt Capitalized Cloud Computing Cost Non Current
CapitalizedCloudComputingCostNonCurrent
8000000 usd
CY2022Q2 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
105000000 usd
CY2021Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
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CY2022Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
475000000 usd
CY2021Q4 us-gaap Other Assets Noncurrent
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CY2022Q2 us-gaap Accrued Income Taxes Noncurrent
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CY2021Q4 us-gaap Accrued Income Taxes Noncurrent
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CY2022Q2 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
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CY2021Q4 us-gaap Contract With Customer Liability Noncurrent
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CY2022Q2 us-gaap Other Sundry Liabilities Noncurrent
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CY2021Q4 us-gaap Other Sundry Liabilities Noncurrent
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CY2022Q2 us-gaap Other Liabilities Noncurrent
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CY2021Q4 us-gaap Other Liabilities Noncurrent
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CY2022Q2 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
3000000 usd
CY2021Q2 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
4000000 usd
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
6000000 usd
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
9000000 usd
CY2022Q2 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
8000000 usd
CY2021Q2 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
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us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
13000000 usd
us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
16000000 usd

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