Such as with Free Cash Flow information, as so adjusted, it is specifically not intended to provide amounts available for discretionary spending. (1) All amounts are net of tax. Conduent will not ask you purchase equipment to start working. Purchase Order Terms and Conditions . Join our Talent Network and get Conduent news and job alerts delivered to your inbox. 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. 321 0 obj <>stream Conduent Announces Fourth Quarter and Full Year 2021 Financial Results Amortization of acquired intangible assets. 154 questions about Hiring Process at Conduent. Automated Fare Collection Solutions - Conduent Transportation Adjusted Net Income (Loss), Adjusted Diluted Earnings per Share, Adjusted Weighted Average Common Shares Outstanding, and Adjusted Effective Tax Rate. Adjusted EBITDA Margin is Adjusted EBITDA divided by revenue or adjusted revenue, as applicable. These non-GAAP measures are among the primary factors management uses in planning for and forecasting future periods. (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. We use Free Cash Flow as a measure of liquidity to determine amounts we can reinvest in our core businesses, such as amounts available to make acquisitions and invest in land, buildings and equipment and internal use software, after required payments on debt. Adjusted EBITDA is not intended to represent cash flows from operations, operating income (loss) or net income (loss) as defined by U.S. GAAP as indicators of operating performance. Our people are united in their passion to make a positive difference within their teams, communities, and society at large. If requested, the conference ID for this call is 13725756. Learn more now. 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! We have provided an outlook for revenue on a constant currency basis due to the inability to accurately predict foreign currency impact on revenues. Conduent Careers Society for HR Management, Navigating COVID-19, Impact of the Pandemic on Metal Health, May 2020, 6. 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. These non-GAAP measures are among the primary factors management uses in planning for and forecasting future periods. instructions at Seller's risk and expense or return such items to Seller at Seller's risk and expense. %PDF-1.6 % (1) Includes $5 million and $10 million restricted cash as of March 31, 2022 and 2021, respectively, that were included in Other current assets on their respective Condensed Consolidated Balance Sheets. C ommunity Huddle Find information on events and updates that are happening this month.. Rose/Tower Barracks meetings are conducted on the fourth Wednesday of the month.. Hohenfels meetings are conducted every quarter.. Garmisch-Partenkirchen Town Hall.. Children are the heart of the celebrations. The international conference ID is also 13725756. Compensation of our executives is based in part on the performance of our business based on certain of these non-GAAP measures. This currency impact is calculated by translating the current period activity in local currency using the comparable prior-year period's currency translation rate. Goodwill impairment. This passion pushes us every day to work hard, innovate, think creatively, and solve problems. We believe these non-GAAP measures allow investors to better understand the trends in our business and to better understand and compare our results. ,:%Kk@k3L]/D. Interest expense includes interest on long-term debt and amortization of debt issuance costs. Revenue from divestitures in the first quarter of 2019. Q4 and Full Year 2021 Performance Commentary Timing of revenue impact varies and may not be realized within the forward 12-month timeframe. Other charges (credits). Abandonment of Cloud Computing Project. 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. Based on past reported results, where one or more of these items have been applicable, such excluded items could be material, individually or in the aggregate, to reported results. " Sweet memories, they hurt so good! Conduent will make reasonable accommodation for known physical and mental limitations of qualified applicants, employees and contractors, consistent with Federal and State laws, such as the Americans with Disabilities Act (ADA), and the Americans with Disabilities Act Amendment Act (ADAAA). Implemented as a standalone or integrated component of ATLAS, this highly configurable system is compatible with all mobile phone . 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. The metric annualizes the net impact to revenue. 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. The costs include writing off previously capitalized costs and remaining hosting fees that would have continued to be incurred without any economic benefit. Litigation costs (recoveries), net represents provisions for various matters subject to litigation. 4. Our team of child support subject matter experts participate in the conference and other NCSEA activities throughout the year. 1. Interest expense. Adjusted EBITDA is not intended to represent cash flows from operations, operating income (loss) or net income (loss) as defined by U.S. GAAP as indicators of operating performance. All statements other than statements of historical fact included in this press release are forward-looking statements, including, but not limited to, statements regarding our financial results, condition and outlook; changes in our operating results; general market and economic conditions; our transformation progress; Our ability to outrun the one-time government stimulus volumes that benefited 2021 and to demonstrate growth; and our projected financial performance for the full year 2022, including all statements made under the section captioned FY 2022 and 2023 Outlook within this release. Non-GAAP Reconciliations: Adjusted Weighted Average Shares Outstanding, Adjusted Diluted EPS, Adjusted Effective Tax Rate, Adjusted Operating Margin and Adjusted EBITDA Margin were as follows: (1) Average shares for the 2022 and 2021 calculation of adjusted EPS excludes 5.4 million shares associated with our Series A convertible preferred stock and includes the impact of preferred stock dividend of approximately $2 million and $2 million for the three months ended March 31, 2022 and 2021, respectively. Consumers are driving a revolution in digital payments and industries are challenged to meet customer expectations or lose their business. 0 The international dial-in is 1-201-689-8337. Conduent to Pursue Separation of Transportation Business endobj For the same reason, we are unable to provide GAAP expected adjusted tax rate, which adjusts for our non-GAAP adjustments. Ultimately, CXM is about the ability to demonstrate that you can deliver optimal value to customers and extract optimal value from those interactions. Full year 2021 Adjusted EBITDA of $487M and Adjusted EBITDA Margin of 11.8% benefited from government payment volumes. 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. Conduent will not request money or your banking or credit card information We strive to create a culture where our associates feel appreciated and can thrive, personally and professionally. The conference call will also be available by calling 1-877-407-4019 toll-free. endstream endobj 295 0 obj <. A description of the adjustments which historically have been applicable in determining Adjusted EBITDA are reflected in the table below. Free Cash Flow is defined as cash flows from operating activities as reported on the consolidated statement of cash flows, less cost of additions to land, buildings and equipment, cost of additions to internal use software, and proceeds from sales of land, buildings and equipment. Some day I want to return. The call will be available by live audio webcast along with the news release and online presentation slides at https://investor.conduent.com/. Amortization of acquired intangible assets. Our non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable U.S. GAAP measures and should be read only in conjunction with our Consolidated Financial Statements prepared in accordance with U.S. GAAP. Non-GAAP Reconciliations: Adjusted Weighted Average Shares Outstanding, Adjusted Diluted EPS, Adjusted Effective Tax Rate, Adjusted Operating Margin and Adjusted EBITDA Margin were as follows: (1) Average shares for the 2021 and 2020 calculation of adjusted EPS excludes 5.4 million shares associated with our Series A convertible preferred stock and includes the impact of preferred stock dividend of approximately $3 million and $10 million for the three months and years ended December 31, 2021 and 2020, respectively. This release and any attachments to this release may contain "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. 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. 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 Now is the time to develop iterative, flexible strategies that can adapt with workplace challenges and health and government mandates as the COVID-19 pandemic runs it course and with the upcoming flu season on the horizon. 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. When I got on the train to Nuernberg, I . We use Free Cash Flow as a measure of liquidity to determine amounts we can reinvest in our core businesses, such as amounts available to make acquisitions and invest in land, buildings and equipment and internal use software, after required payments on debt. CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED) ( 1). This includes Other (income) expenses, net on the Condensed Consolidated Statements of Income (loss) and other insignificant (income) expense associated with providing transition services on the California Medicaid contract loss and other adjustments. 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. Conduent's solutions deliver exceptional outcomes for its clients including approximately $10 billion of annual processed tolling transactions, $18 billion of total bill reductions from medical bill review of workers compensation claims, up to 40% efficiency increase in HR operations, up to 27% reduction in government benefits costs, up to 40% We have reported our financial results in accordance with U.S. generally accepted accounting principles (U.S. GAAP). 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. Space where no one can see your work station that is quiet and private. 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. The telephone recording will be available until May 17, 2022. North America Overview Asia Pacific Overview equipment in a safe manner, and that the items/services furnished will be (i) in full compliance with Buyer's . Promote health and wellness benefits stream 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. Adjustments required to reconcile net income (loss) to cash flows from operating activities: (Gain) 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, 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, Divestitures depreciation and amortization, Restricted stock and performance units / shares, EBITDA Margin Before Adjustment for Divestitures, Portion of Texas litigation settlement (recoveries) recognized in Litigation settlements (recoveries), net, Annual Recurring Revenue (ARR) signings: $107M, Total Contract Value (TCV) new business signings: $464M, Recognized as a Supplier of the Year by General Motors for the second year in a row, Named a Leader on Everest Group Healthcare Payer Operations PEAK Matrix Assessment 2022, Recognized as a Rising Leader CX Operations Transformation - Cost Optimization Capability by NelsonHall, Named a Top 15 Service & Technology Provider Standout by the U.S. Information Services Group (ISG), Named to Government Technology magazines 2022 GovTech 100 for making a difference in working with state and local government agencies across the United States, Earned a perfect score of 100 on the Human Rights Campaign Foundations 2022 Corporate Equality Index (CEI), measuring policies and practices related to LGBTQ workplace equality, Honored by Comparably with two Best Places to Work Awards for 2021, including one of the Best Companies for Women and one of the Best Companies for Diversity, placing Conduent among the Top 100 highest-rated companies in these categories. 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. We use the non-GAAP measure of Free Cash Flow as a criterion of liquidity. CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED), CONDUENT INCORPORATED Start typing a location to get suggestions, then press the down arrow to select one. Prepare for the next wave We've called Conduent's HR department, and they have hung up or "disconnected" from us every time and don't call us back. It is why most Fortune 100 companies and over 500 government entities depend on Conduent every day to manage their essential interactions and move their operations forward. 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. Learn more at https://www.conduent.com . Represents (gain) loss on divested businesses and transaction costs. The replay ID is 13728764. Conduent Inc. Hourly Pay | PayScale These non-GAAP measures are among the primary factors management uses in planning for and forecasting future periods. Our German-American "Country-Expression" Band used to play at the club in the back. The international dial-in is 1-201-689-8337. Compensation of our executives is based in part on the performance of our business based on certain of these non-GAAP measures. We believe these non-GAAP measures allow investors to better understand the trends in our business and to better understand and compare our results. Amortization of acquired intangible assets. The amortization of acquired intangible assets is driven by acquisition activity, which can vary in size, nature and timing as compared to other companies within our industry and from period to period. endobj hb```ul@(1kE=j9w``QbxNWIIXG5 5KYXt(e,X.f}4_a%>7200RL3*FO H0 If you are unable to attend the Community Huddle in person but have ideas, issues, or . The Pros and Cons of Working From Home Working from home can be an appealing career move. Litigation settlements (recoveries), net. 313 0 obj <>/Filter/FlateDecode/ID[<28E402DF5CB4D847AC696F8DC6F3621F>]/Index[294 28]/Info 293 0 R/Length 98/Prev 118551/Root 295 0 R/Size 322/Type/XRef/W[1 3 1]>>stream Together, we make a difference in the lives of millions every day. 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 About Conduent It provides travelers and transport operators with a new level of mobility. ACCEPTANCE. How long does it take to get hired from start to finish at Conduent Tufts Universitys Research Group on Equity in Health, Wealth and Civic Engagement, July 2020, 4. Federal Services - Conduent The computers are always breaking and there isn't assign seating so who knows what kind of germs you pick up. Parking and Curbside Management Market Size 2023 with - MarketWatch 5. Represents (gain) loss on divested businesses and transaction costs. All Conduent employees are responsible for energy conservation. Integrate new workplace policies Learn more about interviews at Conduent Answered November 13, 2017 - Customer Service Representative (Former Employee) - Fresno, CA It is usually a 3 week process, by the time you get a call back, get the interview, get a call back then and then take the drug test and the background check.