CONDUENT Inc
For the period ended Sep 30, 2026. Filed Nov 5, 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.
Sep 30, 2026 · Filed Nov 5, 2026
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Condensed Consolidated Statements of Cash Flows
Table of Contents
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
| Nine Months Ended September 30, | ||
|---|---|---|
| (in millions) | 2026 | 2025 |
| Cash Flows from Operating Activities: | ||
| Net income (loss) | $(198) | $(137) |
| Adjustments required to reconcile net income (loss) to cash flows from operating activities: | ||
| Depreciation and amortization | 128 | 144 |
| Contract inducement amortization | 2 | 2 |
| Deferred income taxes | (1) | (3) |
| Amortization of debt financing costs | 1 | 1 |
| Loss on extinguishment of debt | — | 1 |
| (Gain) loss on divestitures and sales of fixed assets, net | 10 | 2 |
| Stock-based compensation | 2 | 13 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (41) | 14 |
| Other current and long-term assets | 3 | (101) |
| Accounts payable and accrued compensation and benefits costs | (61) | (17) |
| Other current and long-term liabilities | 45 | (17) |
| Net change in income tax assets and liabilities | 2 | (14) |
| Net cash provided by (used in) operating activities | (108) | (112) |
| Cash Flows from Investing Activities: | ||
| Cost of additions to land, buildings and equipment | (23) | (44) |
| Proceeds from sale of land, buildings and equipment | 1 | — |
| Cost of additions to internal use software | (16) | (15) |
| Proceeds from divestitures | 3 | 53 |
| Net cash provided by (used in) investing activities | (35) | (6) |
| Cash Flows from Financing Activities: | ||
| Proceeds from revolving credit facility | 243 | 259 |
| Proceeds from the issuance of debt | — | 4 |
| Payments of debt issuance costs | (1) | (3) |
| Payments of revolving credit facility | (25) | (125) |
| Payments of debt | (14) | (101) |
| Treasury stock purchases | — | (20) |
| Excise tax payment on treasury stock purchases | — | (2) |
| Taxes paid for settlement of stock-based compensation | (1) | — |
| Dividends paid on preferred stock | (7) | (7) |
| (Repurchase of) contribution from noncontrolling interest | — | (5) |
| Net cash provided by (used in) financing activities | 195 | — |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | — | 5 |
| Increase (decrease) in cash, cash equivalents and restricted cash | 52 | (113) |
| Cash, Cash Equivalents and Restricted Cash at Beginning of Period | 243 | 377 |
| Cash, Cash Equivalents and Restricted Cash at End of period(1) | $295 | $264 |
(1)Includes $3 million and $16 million of restricted cash as of September 30, 2026 and 2025, respectively, that were included in Other current assets on the respective Condensed Consolidated Balance Sheets.
CNDT Q3 2026 Form 10-Q
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