UNISYS CORP

Listed Company

UISCIK 0000746838NYSEAcceleratedServices-Computer Integrated Systems DesignDelawareFY ends Dec 31

Period

FY 2025

Revenue

$1.95B

Net Income

$-339.80M

Total Assets

$1.85B

Equity

$-282.60M

Shares Out

71.31M

Op. Cash Flow

$-140.00M

Business

UNISYS CORP is a global information technology solutions company that transforms and manages mission-critical IT systems, software, applications and devices for enterprises, financial institutions and public sector organizations. UNISYS CORP offers consulting, cloud migration and management, application development and modernization, data engineering, cybersecurity, experience and device management, proprietary ClearPath Forward software, and specialized business process and industry solutions. UNISYS CORP reports operations across three segments: Digital Workplace Solutions; Cloud, Applications & Infrastructure Solutions; and Enterprise Computing Solutions. UNISYS CORP markets primarily through a direct global sales force, alliance partners, resellers and distributors across commercial and public sector markets worldwide.

Summary from filing dated 2025-02-21

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue	1,950	2,008	2,015	1,980	2,054
Cost of revenue	1,401	1,423	1,464	1,450	1,482
Selling, general and administrative	391	424	450	453	390
Research and development	25	25	24	24	29
Goodwill impairment	55	39	0	0	—
Costs and expenses	1,872	1,911	1,939	1,928	1,900
Operating income	79	97	77	52	154
Interest expense	53	32	31	32	—
Other (expense), net	−297	−141	−394	−82	−580
Loss before income taxes	−272	−75	−348	−63	−462
Provision for income taxes	68	118	79	42	−12
Consolidated net loss	−340	−193	−427	−105	−450
Net (loss) income attributable to noncontrolling interests	−200,000	200,000	4	1	−1
Net loss attributable to Unisys Corporation	−340	−193	−431	−106	−449
Basic (in dollars per share)	−4.79	−2.79	−6.31	−1.57	−6.75
Diluted (in dollars per share)	−4.79	−2.79	−6.31	−1.57	−6.75

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	414	377	388	392	553
Accounts receivable, net	438	467	455	403	452
Contract assets	11	16	12	29	42
Inventories	14	16	15	15	8
Prepaid expenses and other current assets	128	103	102	92	79
Total current assets	1,004	979	971	930	1,133
Properties, net	53	57	64	76	87
Capitalized contract costs, net	74	31	35	—	—
Marketable software, net	166	165	166	165	176
Operating lease right-of-use assets	38	38	35	43	63
Prepaid pension and postretirement assets	21	26	38	120	160
Deferred income taxes	97	97	114	119	125
Goodwill	194	248	287	287	315
Intangible assets, net	31	36	43	52	35
Restricted cash	8	14	9	11	8
Other long-term assets	160	182	206	190	174
Total assets	1,846	1,872	1,965	2,066	2,420
Current maturities of long-term debt	13	5	13	17	18
Accounts payable	81	98	131	161	180
Deferred revenue	229	210	199	201	253
Other accrued liabilities	334	315	308	272	301
Total current liabilities	656	628	651	651	753
Long-term debt	729	488	491	496	511
Long-term pension and postretirement liabilities	518	816	788	715	976
Long-term deferred revenue	101	109	104	122	151
Long-term operating lease liabilities	31	29	26	30	46
Other long-term liabilities	81	71	44	31	47
Commitments and contingencies (see Note 16)	—	—	—	—	—
Common stock, par value $.01 per share (150.0 shares authorized; shares issued: 2025, 78.1 and 2024, 75.6)	800,000	800,000	700,000	700,000	700,000
Accumulated deficit	−2,479	−2,139	−1,946	−1,515	−1,409
Treasury stock, shares at cost: 2025, 6.7 and 2024, 6.0	−162	−159	−156	−156	—
Paid-in capital	4,785	4,771	4,750	4,732	4,711
Accumulated other comprehensive loss	−2,428	−2,757	−2,800	−3,076	−3,264
Total Unisys Corporation stockholders' deficit	−283	−283	−152	−15	−114
Noncontrolling interests	14	14	13	37	49
Total deficit	−268	−269	−138	22	−64
Total liabilities and deficit	1,846	1,872	1,965	2,066	2,420

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Foreign currency losses	6	15	200,000	7	3
Loss on debt extinguishment	7	0	0	0	0
Employee stock compensation	15	21	17	20	19
Depreciation and amortization of properties	24	24	29	50	31
Depreciation and amortization of capitalized contract costs	17	23	50	—	—
Amortization of marketable software	50	52	50	59	72
Amortization of intangible assets	4	7	10	10	3
Other non-cash operating activities	5	200,000	7	300,000	−600,000
Gain on sale of properties	−4	0	0	—	—
Pension and postretirement contributions	−345	−27	−48	−44	—
Pension and postretirement expense	309	182	389	45	—
Deferred income taxes, net	8	36	25	−8	−59
Receivables, net and contract assets	80	−25	4	16	47
Inventories	3	−2	0	−8	6
Other assets	−25	−22	−26	−3	8
Accounts payable and current liabilities	−29	−21	−21	−104	−149
Other liabilities	21	25	15	5	36
Net cash (used for) provided by operating activities	−140	135	74	13	133
Proceeds from foreign exchange forward contracts	2,342	3,077	2,752	3,336	—
Purchases of foreign exchange forward contracts	−2,305	−3,094	−2,740	−3,380	—
Investment in marketable software	−48	−48	−46	−46	−54
Capital additions of properties and other assets	−30	−32	−33	−31	−27
Net proceeds from sale of properties	9	0	0	—	—
Other	−100,000	−300,000	−2	−900,000	−900,000
Net cash used for investing activities	−32	−97	−70	−131	−360
Proceeds from issuance of long-term debt	700	0	0	0	2
Payments of long-term debt	−492	−15	−17	−18	−103
Issuance costs relating to long-term debt	−14	0	0	0	0
Cash paid for debt extinguishment	−4	0	0	0	0
Other	−4	−3	−400,000	−4	−8
Net cash provided by (used for) financing activities	186	−18	−17	−22	−106
Effect of exchange rate changes on cash, cash equivalents and restricted cash	17	−26	7	−18	−13
Increase (decrease) in cash, cash equivalents and restricted cash	31	−6	−6	−158	−346

Filings

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