CONDUENT Inc Earnings Per Share Disclosure
| Year Ended December 31, | ||||||||||||||||||||
| (in millions, except per share data. Shares in thousands) | 2025 | 2024 | 2023 | |||||||||||||||||
| Basic Net Earnings (Loss) per Share: | ||||||||||||||||||||
| Net Income (Loss) | $ | (170) | $ | 426 | $ | (296) | ||||||||||||||
| Dividend - Preferred Stock | (10) | (10) | (10) | |||||||||||||||||
| Adjusted Net Income (Loss) Available to Common Shareholders - Basic | $ | (180) | $ | 416 | $ | (306) | ||||||||||||||
| Diluted Net Earnings (Loss) per Share: | ||||||||||||||||||||
| Net Income (Loss) | $ | (170) | $ | 426 | $ | (296) | ||||||||||||||
| Dividend - Preferred Stock | (10) | — | (10) | |||||||||||||||||
| Adjusted Net Income (Loss) Available to Common Shareholders - Diluted | $ | (180) | $ | 426 | $ | (306) | ||||||||||||||
| Weighted Average Common Shares Outstanding - Basic | 158,422 | 182,513 | 216,779 | |||||||||||||||||
| Common Shares Issuable with Respect to: | ||||||||||||||||||||
| Restricted Stock and Performance Units / Shares | — | 3,224 | — | |||||||||||||||||
| 8% Convertible Preferred Stock | — | 5,393 | — | |||||||||||||||||
| Weighted Average Common Shares Outstanding - Diluted | 158,422 | 191,130 | 216,779 | |||||||||||||||||
| Net Earnings (Loss) per Share: | ||||||||||||||||||||
| Basic | $ | (1.14) | $ | 2.28 | $ | (1.41) | ||||||||||||||
| Diluted | $ | (1.14) | $ | 2.23 | $ | (1.41) | ||||||||||||||
| The following securities were not included in the computation of diluted earnings per share as they were either contingently issuable shares or shares that if included would have been anti-dilutive (shares in thousands): | ||||||||||||||||||||
| Restricted stock and performance shares/units | 16,916 | 7,731 | 8,652 | |||||||||||||||||
| 8% Convertible preferred stock | 5,393 | — | 5,393 | |||||||||||||||||
| Total Anti-Dilutive and Contingently Issuable Securities | 22,309 | 7,731 | 14,045 | |||||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 19, 2026 | Showing above |
| 2024 | Feb 19, 2025 | |
| 2023 | Feb 21, 2024 | |
| 2022 | Feb 22, 2023 | |
| 2021 | Feb 23, 2022 | |
| 2020 | Feb 24, 2021 | |
| 2019 | Feb 27, 2020 | |
| 2018 | Feb 28, 2019 | |
| 2017 | Mar 1, 2018 | |
| 2016 | Mar 10, 2017 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.