(Gain) loss on divestitures and transaction costs. 1. %%EOF In addition, all statements regarding the anticipated effects of the novel coronavirus, or COVID-19, pandemic and the responses thereto, including the pandemics impact on general economic and market conditions, as well as on our business, customers, and markets, results of operations and financial condition and anticipated actions to be taken by management to sustain our business during the economic uncertainty caused by the pandemic and related governmental and business actions, as well as other statements that are not strictly historical in nature, are forward looking. stream So far its looking promising! Our management regularly uses our supplemental non-GAAP financial measures internally to understand, manage and evaluate our business and make operating decisions, and providing such non-GAAP financial measures to investors allows for a further level of transparency as to how management reviews and evaluates our business results and trends. We have added certain adjustments to account for items which we do not believe reflect our core business or operating performance, and we computed all periods with such adjusted costs. 294 0 obj <> endobj We believe these non-GAAP measures allow investors to better understand the trends in our business and to better understand and compare our results. Compensation of our executives is based in part on the performance of our business based on certain of these non-GAAP measures. Adjusted Free Cash Flow is defined as Free Cash Flow from above plus taxes paid on gains from divestitures, litigation insurance recoveries, transaction costs, and certain other identified adjustments. Additional 2021 Performance Highlights Adjusted Free Cash Flow is defined as Free Cash Flow from above plus deferred compensation payments, transaction costs, costs related to the Texas litigation, and certain other identified adjustments. Refer to the "Non-GAAP Financial Measures" section attached to this release for a discussion of these non-GAAP measures and their reconciliation to the reported U.S. GAAP measures. 3 0 obj We strive to create a culture where our associates feel appreciated and can thrive, personally and professionally. Our team of child support subject matter experts participate in the conference and other NCSEA activities throughout the year. 245 0 obj <>/Filter/FlateDecode/ID[<629C86D788644B4A866D507855ED20DA>]/Index[223 39]/Info 222 0 R/Length 108/Prev 201009/Root 224 0 R/Size 262/Type/XRef/W[1 3 1]>>stream endobj Our actual results may vary materially from those expressed or implied in our forward-looking statements. The words anticipate, believe, estimate, expect, "plan," intend, will, aim, should, could, forecast, target, may, "continue to," "if, growing, projected, potential, likely, and similar expressions, as they relate to us, are intended to identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Land, buildings and equipment, net : 272 : 281 : Operating lease right-of-use assets : 219 : 231 : Intangible assets, net : 46 : 52 . For tolling agencies, new technologies are speeding and simplifying journeys while driving cost-savings and enhancing consumer experiences. %PDF-1.6 % Transportation authorities leverage partnerships to expand contactless, safe transactions. We have added certain adjustments to account for items which we do not believe reflect our core business or operating performance, and we computed all periods with such adjusted costs. 4y. The metric is for indicative purposes only. With more than 60,000 associates across 24 countries, we will provide you the opportunity to grow with a team of people who will challenge and inspire you to be the best! Other charges (credits). We use the non-GAAP measure of Free Cash Flow as a criterion of liquidity. They provide the computer monitor/tower, headset, keyboard and mouse. Conduent delivers mission-critical services and solutions on behalf of businesses and governments creating exceptional outcomes for its clients and the millions of people who count on them. Answered July 30, 2018 - Program Director (Current Employee) - Naperville, IL. At the recent Customer Contact Week (CCW) conference in Nashville, we sat down with a team of CX experts - during the How to Enable the Human Side of Digital session. These non-GAAP measures are among the primary factors management uses in planning for and forecasting future periods. The call will be available by live audio webcast along with the news release and online presentation slides at https://investor.conduent.com/ . For the same reason, we are unable to provide GAAP expected adjusted tax rate, which adjusts for our non-GAAP adjustments. The international dial-in is 1-201-689-8337. Tufts Universitys Research Group on Equity in Health, Wealth and Civic Engagement, July 2020 The income tax effects are calculated under the same accounting principles as applied to our reported pre-tax performance measures under ASC 740, which employs an annual effective tax rate method. However, these non-GAAP financial measures should be viewed in addition to, and not as a substitute for, the Companys reported results prepared in accordance with U.S. GAAP. Conduent will not ask you purchase equipment to start working. This metric is not indicative of any specific 12 month timeframe. While this pandemic has been a time of great challenge, it also represents an opportunity for HR leaders to broaden workplace planning initiatives, digitize interactions, reexamine skillsets and look more critically at their mix of onsite vs. work-at-home resources. At Conduent, we understand the connection between employee experience and customer experience - and the tools, methodologies, and processes that enable high-performance cultures, agility and savings. Monitor workplace health using scalable solutions Cliff Skelton, Conduent President & CEO stated, "Q3 2022 was a solid quarter for Conduent, continuing to deliver on our financial and client commitments. In addition, we have discussed our financial results using non-GAAP measures. He's emailed the "New Hiring Coordinator" multiple times over the past week. About Conduent Conduent delivers mission-critical services and solutions on behalf of businesses and governments - creating exceptional outcomes for its clients and the millions of people who count on them. The replay ID is 13728764. Promote health and wellness benefits Conduent Inc. employees with the job title Customer Service Representative (CSR) make the most with an average. Projected Annual Recurring Revenue for contracts signed in the prior 12 months, less the annualized impact of any client losses, contractual volume and price changes, and other known impacts for which the company was notified in that same time period, which could positively or negatively impact results. %PDF-1.5 We believe these non-GAAP measures allow investors to better understand the trends in our business and to better understand and compare our results. %PDF-1.6 % Free Cash Flow and Adjusted Free Cash Flow Reconciliation: Thank you. Abandonment of Cloud Computing Project. CONDUENT INCORPORATED Nice well maintained equipment with friendly & efficient service. The tax effect of the non-GAAP adjustments was calculated based upon evaluation of the statutory tax treatment and the applicable statutory tax rate in the jurisdictions in which such charges were incurred. Free Cash Flow and Adjusted Free Cash Flow Reconciliation: Thank you. McKinsey Digital, Global Survey, May 2019, Legal, Compliance, and Analytics Solutions, Return to Work 2020: 6 Imperatives for HR Managers. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those expressed or implied herein as anticipated, believed, estimated, expected or intended or using other similar expressions. Consumers are driving a revolution in digital payments and industries are challenged to meet customer expectations or lose their business. 0 Tax effects were immaterial. CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED) (1). Cliff Skelton, Conduent President and CEO stated, Q1 2022 was another solid quarterwhere we met or exceeded expectations. <>>> Projected Annual Recurring Revenue for contracts signed in the prior 12 months, less the annualized impact of any client losses, contractual volume and price changes, and other known impacts for which the company was notified in that same time period, which could positively or negatively impact results. A reconciliation of the following non-GAAP financial measures to the most directly comparable financial measures calculated and presented in accordance with U.S. GAAP are provided below. Whether its touching three out of every four health insured lives and delivering 45% of SNAP payments in the U.S., or enabling 1.3 billion customer service interactions and empowering 10 million employees through HR services worldwide, Conduent services and solutions interact with millions of people every day and move our clients operations forward. They usually send you an iMac with keyboard and mouse. In addition, for "Full Year 2021 (Ex Midas)" we are excluding the estimated impacts of $70 million of Revenue and $29 million of Adjusted EBITDA related to the divestiture of the Midas business. Restructuring and related costs. 2. This includes random jobs, online employers, sites that pay you and ways to monetize websites. Management cautions that amounts presented in accordance with Conduent's definition of Adjusted EBITDA and Adjusted EBITDA Margin may not be comparable to similar measures disclosed by other companies because not all companies calculate Adjusted EBITDA and Adjusted EBITDA Margin in the same manner. Outlook for Adjusted Free Cash Flow is provided as a factor of expected Adjusted EBITDA, see above. However, these non-GAAP financial measures should be viewed in addition to, and not as a substitute for, our reported results prepared in accordance with U.S. GAAP. Conduent Announces First Quarter 2022 Financial Results, Conduent to Report First-Quarter 2023 Financial Results on May 3, 2023, Conduent to Host Virtual Investor Briefing on March 30, 2023, Conduent Reports Fourth Quarter and Full Year 2022 Financial Results, Cost of services (excluding depreciation and amortization), Selling, general and administrative (excluding depreciation and amortization), Research and development (excluding depreciation and amortization), (Gain) loss on divestitures and transaction costs, Shares of common stock issued and outstanding, Shares of series A convertible preferred stock issued and outstanding. Conduent can help. (2) Refer to Appendix for definition. We use Adjusted EBITDA and Adjusted EBITDA Margin as an additional way of assessing certain aspects of our operations that, when viewed with the U.S. GAAP results and the accompanying reconciliations to corresponding U.S. GAAP financial measures, provide a more complete understanding of our on-going business. FLORHAM PARK, N.J., Feb. 16, 2022 (GLOBE NEWSWIRE) -- Conduent (NASDAQ: CNDT), a business process services and solutions company, today announced its fourth quarter and full year 2021 financial results. Adjusted Net Income (Loss), Adjusted Diluted Earnings per Share, Adjusted Weighted Average Common Shares Outstanding, and Adjusted Effective Tax Rate. The replay ID is 13725756. WIC authorized retailers using the Conduent's Stand-Beside Point of Sale (POS) equipment to process . In addition, we have discussed our financial results using non-GAAP measures. HR leaders should also consider new digital behavioral tools (such as online cognitive therapies and self-help resources) and also plan for virtual open enrollment this year. FLORHAM PARK, N.J., Nov. 01, 2022 (GLOBE NEWSWIRE) -- Conduent (NASDAQ: CNDT), a global technology-led business process solutions company, today announced its third quarter 2022 financial results. % The international dial-in is 1-201-689-8337. (Gain) loss on divestitures and transaction costs. The call will be available by live audio webcast along with the news release and online presentation slides at https://investor.conduent.com/. Answered November 21, 2017 - BGCO agent (Current Employee) - Colorado Springs, CO. Not really. He got the equipment, but now wants to send it back. CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED), CONDUENT INCORPORATED Adjusted EBITDA of $107M and Adjusted EBITDA Margin of 11.1% benefited from a one-time recovery of $14M in defense costs as a portion of the settlement with insurance carriers relating to a previously disclosed legal matter. Timing of revenue impact varies and may not be realized within the forward 12-month timeframe. In order to provide a meaningful basis for comparison, we are providing information with respect to our Free Cash Flow reconciled to cash flow provided by operating activities, which we believe to be the most directly comparable measure under U.S. GAAP. Our German-American "Country-Expression" Band used to play at the club in the back. This passion pushes us every day to work hard, innovate, think creatively, and solve problems. ET. 3. This metric excludes COVID-related volume impacts and non-recurring revenue signings. The tapering of these government payment volumes in the fourth quarter resulted in Q4 Adjusted EBITDA Margin of 10.9%. Its important to note that our dedicatedassociates continue to be the backbone of our company and culture, as reflectedinthe numerous recognitions we received in Q1. No work phone, you won't need it. We continue to be strongly positioned as a partner of choice to provide thesecriticalservices andsolutions.. I emailed about a week before my visit to check availability of the type and size bike I wanted, and received a confirmation a few hours later. We use the non-GAAP measure of Free Cash Flow as a criterion of liquidity. IF YOU HAVE ANY CONCERNS ABOUT COMMUNICATIONS FROM RECRUITERS CLAIMING TO BE FROM CONDUENT, PLEASE DONT HESITATE TO VERIFY BY CONTACTING CONDUENT HR AT: RECRUITMENTFRAUD@CONDUENT.COM. These non-GAAP measures are among the primary factors management uses in planning for and forecasting future periods. We are under no obligation to, and expressly disclaim any obligation to, update or alter our forward-looking statements, whether as a result of new information, subsequent events or otherwise. Net ARR Activity Metric ( 2) (TTM): Q4 $128M. This currency impact is calculated by translating the current period activity in local currency using the comparable prior-year period's currency translation rate. Once the store . In accordance with the provisions of the Litigation Reform Act, we are making investors aware that such forward-looking statements, because they relate to future events, are by their very nature subject to many important factors and uncertainties that could cause actual results to differ materially from those contemplated by the forward-looking statements contained in this press release, any exhibits to this press release and other public statements we make. ah ja, SS-Kaserne, Sued-Kaserne or Merril-Barracks, good memories in the mid-70s, early -80s! I'd like to thank our dedicated team for their continued strong execution in 2021., Key Financial Q4 & Full Year 2021 Results. (1) Includes $5 million and $8 million restricted cash as of December 31, 2021 and 2020, respectively, that were included in Other current assets on their respective Condensed Consolidated Balance Sheets. Is your organization ready for the return to work? 2. Join our Talent Network and get Conduent news and job alerts delivered to your inbox. <> Anyone got any advice or an idea of where to send it back to? Through our dedicated people, process and technology, Conduent solutions and services automate workflows, improve efficiencies, reduce costs and enable revenue growth. Interest expense includes interest on long-term debt and amortization of debt issuance costs. 7 months ago Mindshift: Preparing the New, Truly Hybrid, Salesforce Gain insights into how organizations must re-examine the way they train and educate sales reps in the article, "Mindshift: Preparing the New, Truly Hybrid, Salesforce," by Conduent's Gwen Phinizy Prepare for the next wave Litigation settlements (recoveries), net. Conduent Blog Return to Work 2020: 6 Imperatives for HR Managers Return to Work 2020: 6 Imperatives for HR Managers Published DateAugust 21, 2020 As HR leaders prepare for the next major shift, here are six imperatives that are guiding many of the mission-critical decisions that are happening right now. A representative will contact you shortly. These non-GAAP measures are among the primary factors management uses in planning for and forecasting future periods. Society for HR Management, Navigating COVID-19, Impact of the Pandemic on Metal Health, May 2020 ACCEPTANCE. The metric annualizes the net impact to revenue. Adjusted EBITDA Margin is Adjusted EBITDA divided by revenue or adjusted revenue, as applicable. About Conduent He's emailed the "New Hiring Coordinator" multiple times over the past week. When you join Conduent, you are engaged in creating the future - both our company's and your own. 3. level 2. A reconciliation of the following non-GAAP financial measures to the most directly comparable financial measures calculated and presented in accordance with U.S. GAAP are provided below. Together, we make a difference in the lives of millions every day. Step up communications with employees including reminders about immunizations, safe workplace practices, and other prevention education. hb```ul@(1kE=j9w``QbxNWIIXG5 5KYXt(e,X.f}4_a%>7200RL3*FO H0 The international conference ID is also 13728764. Answered May 24, 2018 - LEARNING AND DEVELOPMENT RN SPECIALIST (Current Employee) - Cherry Hill, NJ. Restructuring and related costs include restructuring and asset impairment charges as well as costs associated with our strategic transformation program. See below for sales and support contact options. We are providing such outlook only on a non-GAAP basis because the Company is unable to predict with reasonable certainty the totality or ultimate outcome or occurrence of these adjustments for the forward-looking period, which can be dependent on future events that may not be reliably predicted. Centers for Disease Control and Prevention, COVID-19 Pandemic Planning Scenarios, July 2020 Tufts Universitys Research Group on Equity in Health, Wealth and Civic Engagement, July 2020, 4. Environmental Protection This policy commits to reducing our impact on the environment through: Mitigating climate change through cleaner energy, where practicable, and managing emissions effectively IF YOU HAVE ANY CONCERNS ABOUT COMMUNICATIONS FROM RECRUITERS CLAIMING TO BE FROM CONDUENT, PLEASE DONT HESITATE TO VERIFY BY CONTACTING CONDUENT HR AT: Conduent, Inc. All rights reserved. (3) Normalized for the impact of payment of deferred payroll taxes primarily related to the CARES Act of $32M in 2021 and $27M in 2022, Adjusted Free Cash Flow as a percentage of Adjusted EBITDA for 2021 is approximately 25% and approximately 22% in 2022. The tax effect of the non-GAAP adjustments was calculated based upon evaluation of the statutory tax treatment and the applicable statutory tax rate in the jurisdictions in which such charges were incurred. We are encouraged about the future because, even as economic conditions remain volatile, clients continue to seek business process outsourcing capabilities to increase efficiency, enhance customer experience and improve performance. This currency impact is calculated by translating the current period activity in local currency using the comparable prior-year period's currency translation rate. We believe these non-GAAP measures allow investors to better understand the trends in our business and to better understand and compare our results. A description of the adjustments which historically have been applicable in determining Adjusted EBITDA are reflected in the table below. Management believes that these non-GAAP financial measures provide an additional means of analyzing the results of the current period against the corresponding prior period. `:XuCGGXmh{G:Fb8=#%2`cPb0T/@17r 7ZlDc@ .~ FLORHAM PARK, N.J., May 03, 2022 (GLOBE NEWSWIRE) -- Conduent (NASDAQ: CNDT), a business process services and solutions company, today announced its first quarter 2022 financial results. FLORHAM PARK, N.J., Feb. 16, 2022 (GLOBE NEWSWIRE) -- Conduent (NASDAQ: CNDT), a business process services and solutions company, today announced its fourth quarter and full year 2021 financial results. CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) (UNAUDITED), CONDUENT INCORPORATED Adjustments required to reconcile net income (loss) to cash flows from operating activities: Write-off of deferred cloud computing implementation costs, Loss on divestitures and sales of fixed assets, net, Changes in operating assets and liabilities, Net cash provided by (used in) operating activities, Cost of additions to land, buildings and equipment, Cost of additions to internal use software, Net cash provided by (used in) investing activities, Payment of contingent consideration related to acquisition, Taxes paid for settlement of stock-based compensation, Net cash provided by (used in) financing activities, Effect of exchange rate changes on cash, cash equivalents and restricted cash, Increase (decrease) in cash, cash equivalents and restricted cash, Cash, Cash Equivalents and Restricted Cash at Beginning of Period, Amortization of acquired intangible assets, (Gain) loss on divestitures and transaction costs, Restricted stock and performance units / shares, Proceeds from sales of land, buildings and equipment, Annual Recurring Revenue (ARR) signings: Q4 $111M / FY $408M, Total Contract Value (TCV) new business signings: Q4 $310M / FY $1,785M, Sale of Midas suite of solutions for net proceeds of $321M; closed on February 8, 2022, Debt Refinancing successfully completed as planned, Distributed approximately $50 billion of US Government pandemic stimulus payments, Sustained high level of associate engagement through difficult COVID years, Consolidated technology infrastructure and improved operational excellence, Improved client satisfaction for the 3rd consecutive year resulting in significant client recognition, Received numerous external awards for culture including best place to work for LGBTQ, Diversity, and Women. If you are unable to attend the Community Huddle in person but have ideas, issues, or . " Sweet memories, they hurt so good! Conduent Announces Fourth Quarter and Full Year 2021 Financial Results, Conduent to Host Virtual Investor Briefing on March 30, 2023, Conduent Reports Fourth Quarter and Full Year 2022 Financial Results, Conduent to Report Fourth-Quarter and Full-Year 2022 Financial Results on February 14, 2023, GAAP net income (loss) from Continuing Operations, GAAP Diluted EPS from Continuing Operations, Adjusted Diluted EPS from Continuing Operations, Cost of services (excluding depreciation and amortization), Selling, general and administrative (excluding depreciation and amortization), Research and development (excluding depreciation and amortization), Loss on divestitures and transaction costs, Shares of common stock issued and outstanding, Shares of series A convertible preferred stock issued and outstanding. I' was born in Nuernberg . Hourly pay at Conduent Inc. ranges from an average of $12.33 to $25.11 an hour. Space where no one can see your work station that is quiet and private. We use Adjusted Free Cash Flow, in addition to Free Cash Flow, to provide supplemental information to our investors concerning our ability to generate cash from our ongoing operating activities and for performance based components of employee compensation; by excluding certain deferred compensation costs and our one-time Texas settlement costs, as well as transaction costs and transaction cost tax benefits related to acquisitions or divestitures, we believe we provide useful additional information to our investors to help them further understand our ability to generate cash period-over-period as well as added information on comparability to our competitors. but never sends them. Sales performance was up 32% in new business TCV signings at $464M, with new business ARR up 14% at $107M versus Q1 2021. 3. Scan this QR code to download the app now. Learn more now. My experience with Rent a bike Nuernberg was excellent from start to finish. endobj In addition, we have discussed our financial results using non-GAAP measures. 154 questions about Hiring Process at Conduent. We have reported our financial results in accordance with U.S. generally accepted accounting principles (U.S. GAAP). Interest expense. The international conference ID is also 13725756. Related Links However, these non-GAAP financial measures should be viewed in addition to, and not as a substitute for, the Companys reported results prepared in accordance with U.S. GAAP. Net income was $136M up significantly versus prior year period, reflecting the gain on sale of the Midas divestiture and insurance recoveries relating to a previously disclosed legal matter.