CONDUENT Inc
For the period ended Mar 31, 2026. Filed May 11, 2026.
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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.
Mar 31, 2026 · Filed May 11, 2026
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Condensed Consolidated Statements of Cash Flows
Table of Contents
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
| Three Months Ended March 31, | ||
|---|---|---|
| (in millions) | 2026 | 2025 |
| Cash Flows from Operating Activities: | ||
| Net income (loss) | $(33) | $(51) |
| Adjustments required to reconcile net income (loss) to cash flows from operating activities: | ||
| Depreciation and amortization | 47 | 48 |
| Contract inducement amortization | 1 | — |
| Deferred income taxes | (2) | (8) |
| Stock-based compensation | — | 3 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (1) | 16 |
| Other current and long-term assets | (26) | (45) |
| Accounts payable and accrued compensation and benefits costs | (1) | (6) |
| Other current and long-term liabilities | 2 | (13) |
| Net change in income tax assets and liabilities | 5 | (2) |
| Net cash provided by (used in) operating activities | (8) | (58) |
| Cash Flows from Investing Activities: | ||
| Cost of additions to land, buildings and equipment | (9) | (14) |
| Cost of additions to internal use software | (5) | (4) |
| Proceeds from divestitures | — | 1 |
| Net cash provided by (used in) investing activities | (14) | (17) |
| Cash Flows from Financing Activities: | ||
| Proceeds from revolving credit facility | 60 | 50 |
| Payments of revolving credit facility | (25) | (50) |
| Payments of debt | (5) | (8) |
| Dividends paid on preferred stock | — | (2) |
| Net cash provided by (used in) financing activities | 30 | (10) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | — | 1 |
| Increase (decrease) in cash, cash equivalents and restricted cash | 8 | (84) |
| Cash, Cash Equivalents and Restricted Cash at Beginning of Period | 243 | 377 |
| Cash, Cash Equivalents and Restricted Cash at End of period(1) | $251 | $293 |
(1)Includes $23 million and $16 million of restricted cash as of March 31, 2026 and 2025, respectively, that were included in Other current assets on the respective Condensed Consolidated Balance Sheets.
CNDT Q1 2026 Form 10-Q
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