CONDUENT Inc

For the period ended Jun 30, 2024. Filed Aug 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.

Jun 30, 2024 · Filed Aug 7, 2024

CNDT$1.37-1.1%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Income (Loss)

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) (UNAUDITED)

	Three Months Ended June 30,		Six Months Ended June 30,
(in millions, except per share data)	2024	2023	2024	2023
Revenue	$828	$915	$1,749	$1,837
Operating Costs and Expenses
Cost of services (excluding depreciation and amortization)	677	704	1,412	1,424
Selling, general and administrative (excluding depreciation and amortization)	115	118	231	229
Research and development (excluding depreciation and amortization)	1	1	3	3
Depreciation and amortization	51	57	113	118
Restructuring and related costs	8	13	17	42
Interest expense	19	27	46	54
(Gain) loss on divestitures and transaction costs, net	(347)	3	(508)	5
Litigation settlements (recoveries), net	1	(1)	5	(22)
Loss on extinguishment of debt	3	—	5	—
Other (income) expenses, net	—	—	(2)	(1)
Total Operating Costs and Expenses	528	922	1,322	1,852
Income (Loss) Before Income Taxes	300	(7)	427	(15)
Income tax expense (benefit)	84	—	112	(2)
Net Income (Loss)	$216	$(7)	$315	$(13)
Net Income (Loss) per Share:
Basic	$1.10	$(0.04)	$1.54	$(0.08)
Diluted	$1.07	$(0.04)	$1.51	$(0.08)

CNDT Q2 2024 Form 10-Q

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.