Kyndryl Holdings Inc

For the period ended Dec 31, 2023. Filed Feb 7, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Dec 31, 2023 · Filed Feb 7, 2024

KD$16.80+3.1%Stored close · as of Nov 9, 2026

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Contents

Part I - Financial Information:

Item 1. Consolidated Financial Statements (Unaudited):

KYNDRYL HOLDINGS, INC.**

CONSOLIDATED INCOME STATEMENT

(In millions, except per share amounts)

**(Unaudited)


· · Three Months Ended December 31, · · Nine Months Ended December 31,
· 2023 · 2022 · 2023 · 2022
Revenues *	$3,936	$4,303	$12,202	$12,771

Cost of services **	$3,184	$3,596	$10,055	$10,886
Selling, general and administrative expenses	705	731	2,059	2,131
Workforce rebalancing charges	19	10	115	16
Transaction-related costs (benefits)	(77)	48	12	218
Interest expense	31	27	92	65
Other expense	21	30	34	16
Total costs and expenses	$3,883	$4,441	$12,367	$13,333

Income (loss) before income taxes	$53	$(138)	$(165)	$(563)
Provision for (benefit from) income taxes	$65	$(32)	$131	$74
Net income (loss)	$(12)	$(106)	$(295)	$(637)

Basic earnings (loss) per share	$(0.05)	$(0.47)	$(1.29)	$(2.81)
Diluted earnings (loss) per share	$(0.05)	$(0.47)	$(1.29)	$(2.81)

Weighted-average basic shares outstanding	229.6	227.0	228.9	226.4
Weighted-average diluted shares outstanding	229.6	227.0	228.9	226.4

Including related-party revenue of $287 for the nine months ended December 31, 2022.

** Including related-party cost of services of $1,382 for the nine months ended December 31, 2022.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.