Conduent Incorporated (CNDT)

Conduent Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	3,356	3,722	3,858	4,140	4,163
Revenue Growth (YoY)	-9.83%	-3.52%	-6.81%	-0.55%	-6.80%
Cost of Revenue	2,730	2,888	3,018	3,138	3,209
Gross Profit	626	834	840	1,002	954
Selling, General & Admin	455	458	454	544	468
Research & Development	6	7	7	4	1
Other Operating Expenses	10	15	6	7	3
Operating Expenses	675	744	697	907	931
Operating Income	-49	90	143	95	23
Interest Expense	-75	-111	-84	-55	-60
Interest & Investment Income	23	18	7	1	2
EBT Excluding Unusual Items	-101	-3	66	41	-35
Merger & Restructuring Charges	-46	-62	-39	-45	-67
Impairment of Goodwill	-28	-287	-358	-	-
Gain (Loss) on Sale of Assets	696	-10	158	-3	-17
Legal Settlements	-9	30	32	-3	-20
Other Unusual Items	-8	-	-	-15	-
Pretax Income	504	-332	-127	-25	-139
Income Tax Expense	78	-36	55	3	-21
Earnings From Continuing Operations	426	-296	-182	-28	-118
Net Income	426	-296	-182	-28	-118
Preferred Dividends & Other Adjustments	10	10	10	10	10
Net Income to Common	416	-306	-192	-38	-128
Shares Outstanding (Basic)	183	217	216	213	210
Shares Outstanding (Diluted)	191	217	216	213	210
Shares Change (YoY)	-11.83%	0.41%	1.49%	1.29%	0.33%
EPS (Basic)	2.28	-1.41	-0.89	-0.18	-0.61
EPS (Diluted)	2.23	-1.41	-0.89	-0.18	-0.61
Free Cash Flow	-78	38	52	163	85
Free Cash Flow Per Share	-0.41	0.17	0.24	0.77	0.41
Gross Margin	18.65%	22.41%	21.77%	24.20%	22.92%
Operating Margin	-1.46%	2.42%	3.71%	2.30%	0.55%
Profit Margin	12.40%	-8.22%	-4.98%	-0.92%	-3.08%
Free Cash Flow Margin	-2.32%	1.02%	1.35%	3.94%	2.04%
EBITDA	76	240	302	383	424
EBITDA Margin	2.27%	6.45%	7.83%	9.25%	10.18%
D&A For EBITDA	125	150	159	288	401
EBIT	-49	90	143	95	23
EBIT Margin	-1.46%	2.42%	3.71%	2.30%	0.55%
Effective Tax Rate	15.48%	-	-	-	-

Updated Feb 19, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q