CONDUENT Inc

For the period ended Sep 30, 2024. Filed Nov 6, 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.

Sep 30, 2024 · Filed Nov 6, 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 September 30,		Nine Months Ended September 30,
(in millions, except per share data)	2024	2023	2024	2023
Revenue	$807	$932	$2,556	$2,769
Operating Costs and Expenses
Cost of services (excluding depreciation and amortization)	656	724	2,068	2,148
Selling, general and administrative (excluding depreciation and amortization)	115	115	346	344
Research and development (excluding depreciation and amortization)	1	2	4	5
Depreciation and amortization	44	81	157	199
Restructuring and related costs	4	7	21	49
Interest expense	16	28	62	82
Goodwill impairment	—	287	—	287
(Gain) loss on divestitures and transaction costs, net	(188)	3	(696)	8
Litigation settlements (recoveries), net	1	—	6	(22)
Loss on extinguishment of debt	1	—	6	—
Other (income) expenses, net	(2)	(2)	(4)	(3)
Total Operating Costs and Expenses	648	1,245	1,970	3,097
Income (Loss) Before Income Taxes	159	(313)	586	(328)
Income tax expense (benefit)	36	(24)	148	(26)
Net Income (Loss)	$123	$(289)	$438	$(302)
Net Income (Loss) per Share:
Basic	$0.75	$(1.34)	$2.28	$(1.42)
Diluted	$0.72	$(1.34)	$2.22	$(1.42)

CNDT Q3 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.