Kyndryl Holdings Inc
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
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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.
Sep 30, 2024 · Filed Nov 7, 2024
KD$16.80+3.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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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 September 30, · · Six Months Ended September 30, | ||||||||||||
| · 2024 · 2023 · 2024 · 2023 | ||||||||||||
| Revenues | | $3,774 | | $4,073 | | $7,513 | | $8,266 | ||||
| | | | | | | | | | | | | |
| Cost of services | | $3,024 | | $3,422 | | $5,958 | | $6,871 | ||||
| Selling, general and administrative expenses | | | 647 | | | 634 | | | 1,304 | | | 1,353 |
| Workforce rebalancing charges | | | 39 | | | 39 | | | 74 | | | 97 |
| Transaction-related costs | | | — | | | 48 | | | 21 | | | 89 |
| Interest expense | | | 25 | | | 31 | | | 52 | | | 61 |
| Other expense | | | 44 | | | 8 | | | 44 | | | 13 |
| Total costs and expenses | | $3,779 | | $4,182 | | $7,454 | | $8,484 | ||||
| | | | | | | | | | | | | |
| Income (loss) before income taxes | | $(5) | | $(109) | | $59 | | $(218) | ||||
| Provision for income taxes | | $38 | | $33 | | $91 | | $65 | ||||
| Net income (loss) | | $(43) | | $(142) | | $(32) | | $(283) | ||||
| | | | | | | | | | | | | |
| Basic earnings (loss) per share | | $(0.19) | | $(0.62) | | $(0.14) | | $(1.24) | ||||
| Diluted earnings (loss) per share | | $(0.19) | | $(0.62) | | $(0.14) | | $(1.24) | ||||
| | | | | | | | | | | | | |
| Weighted-average basic shares outstanding | | | 231.6 | | | 229.1 | | | 231.1 | | | 228.5 |
| Weighted-average diluted shares outstanding | | | 231.6 | | | 229.1 | | | 231.1 | | | 228.5 |
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