Conduents differentiated services and solutions improve experiences for millions of people every day, including three out of every four U.S. insured patients, 10 million employees who use its HR Services, and nearly 18 million benefits recipients. Additional details and updates regarding the events will be provided on the Villages and Citys social media pages. 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. 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. About Conduent hbbd```b``3@$S%X@$&dk[`409L [z@q Accordingly, we believe it is necessary to adjust several reported amounts, determined in accordance with U.S. GAAP, to exclude the effects of certain items as well as their related tax effects. Learn what to expect and how to stay safe during a When you join Conduent, you are engaged in creating the future both.css-epvm6{white-space:nowrap;}.css-epvm6{white-space:nowrap;} More, Learn How to State Your Case and Earn Your Raise, Climb the Ladder With These Proven Promotion Tips, A Guide to Negotiating the Salary You Deserve, Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. 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. This policy applies to all employees of Conduent Business Services, LLC and its subsidiaries and any reference hereafter to Conduent is a reference to Conduent Business Services, LLC and its subsidiaries. (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. (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. 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. Abandonment of Cloud Computing Project. Answer See 1 answer. `:XuCGGXmh{G:Fb8=#%2`cPb0T/@17r 7ZlDc@ .~ 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. The perpetrator claims that he had gone to siphon gas from the overturned lorry but could only manage to fill one bottle amidst the mob. WebPALCO PAYMENT SCHEDULE - 2021 New Mexico Self-Direction Program Service Period D Faxed Timesheets Due by 12 am Online Timesheets ue by 12 pm Payments Made by Palco by 5pm SATURDAY FRIDAY SATURDAY TUESDAY FRIDAY Start Date May 8, 2021 May 21, 2021 May 22, 2021 May 25, 2021 June 4, 2021 The conference call will also be available by calling 1-877-407-4019 toll-free. endstream endobj startxref Can you help me? CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) (UNAUDITED), CONDUENT INCORPORATED We focused on execution, efficiency, driving improved client and end-user experiences and received recognition for our culture, technology-enabled solutions and overall delivery excellence. Downtown Rockford restaurant to close indefinitely, Machesney Park man arrested after Onyx Bar & Grill shooting, Food insecurity on the rise calling more families to food banks, George Lopez to bring OMG Hi! comedy tour to Coronado, Weapon recovered at Auburn H.S. Compensation of our executives is based in part on the performance of our business based on certain of these non-GAAP measures. This metric is not indicative of any specific 12 month timeframe. Following the parade, the lighting of the 30 foot Christmas tree will take place at the Town Center. HR Workplace Solutions Center 1.888.471.2271 Monday Friday 8:00am 8:00pm Eastern Time (except for holidays). WebConduent acknowledges the specific impact the company has on climate change and biodiversity and is seeking to reduce that impact through: Waste reduction and use of And times where you will see mandatory time off. Glassdoor is your resource for information about the Paid Holidays benefits at Conduent. Customize your options to receive text, email or phone alerts when there are outages in your area. %PDF-1.6 % An avalanche occured earlier this evening at ABCI Quarry, Maudarh, Hnahthial District burying atleast 15 people and 3 machinery. Interest expense. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. If you are unable to find the information youre looking for, call us at 1-844-ONE-CNDT (663-2638) Monday through Friday between 8:00 a.m. and 7:00 p.m. Eastern Time and well do our best to assist you. The Calendar is a powerful way to manage your key dates and events relating to your pension schemes and bene t plans. For questions about specific job opportunities, please contact us at Careers@Conduent.com. In addition, we have discussed our financial results using non-GAAP measures. %%EOF 1. Cliff Skelton, Conduent President and CEO stated, In 2021, we met or exceeded our commitments. Standards are available on Conduent connect The Net ARR Activity Metric for Q4 2021 was strong at $128M, up 113% versus Q4 2020 and continues to be positive for the fifth consecutive quarter. WebEspecially happy with your communication of holiday schedule and any postponed pick-ups, if there are unscheduled truck problems or emergencies that may delay our normal Conduent Q2 2021 Transcript255.3 KB Q2 2021 Investor Metrics File146.5 KB May 25, 2021 at 11:00 AM PDT Conduent Incorporate Annual Meeting of Shareholders 2021 Click here for webcast May 5, 2021 at 4:15 PM EDT Q1 2021 Conduent Earnings Click here for webcast Supporting Materials 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. 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. I-2022-14Legal Public Holidays 2023Issuance. Full year 2021 Adjusted EBITDA of $487M and Adjusted EBITDA Margin of 11.8% benefited from government payment volumes. Management believes that the adjusted effective tax rate, provided as supplemental information, facilitates a comparison by investors of our actual effective tax rate with an adjusted effective tax rate which reflects the impact of the items which are excluded in providing adjusted net income and certain other identified items, and may provide added insight into our underlying business results and how effective tax rates impact our ongoing business. These non-GAAP measures are among the primary factors management uses in planning for and forecasting future periods. 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. The above is the list of 2021 public holidays declared in USA which includes federal, regional government holidays and popular observances. The upcoming United States holiday National Cereal Day is in 6 days from today. time must be taken off before end of year . We make adjustments to Revenue, Costs and Expenses and Operating Margin, as applicable, for the following items, for the purpose of calculating Adjusted Revenue, Adjusted Operating Income and Adjusted Operating Margin: We provide our investors with adjusted revenue, adjusted operating income and adjusted operating margin information, as supplemental information, because we believe it offers added insight, by itself and for comparability between periods, by adjusting for certain non-cash items as well as certain other identified items which we do not believe are indicative of our ongoing business, and may also provide added insight on trends in our ongoing business. Adjusted Net Income (Loss), Adjusted Diluted Earnings per Share, Adjusted Weighted Average Common Shares Outstanding, and Adjusted Effective Tax Rate. 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. In addition, we have discussed our financial results using non-GAAP measures. Please call your state programs helpline for assistance. Get started with your Free Employer Profile. 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. Conduent achieved several milestones in operational excellence, client satisfaction, and culture, including; (1) Refer to Appendix for definition and complete non-GAAP reconciliations of Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Diluted EPS from Continuing Operations and Adjusted Free Cash Flow How do I check the status of my job application? Additional 2021 Performance Highlights With respect to 2022 and beyond, we look forward to outrunning the one-time government stimulus volumes that benefited 2021, and demonstrating growth. The metric is for indicative purposes only. No expectation of privacy is to be assumed. 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. endstream endobj 284 0 obj <. In his frustration, he lit his bottle on fire and threw it away, causing the fire to break out. WebGet Outage Alerts. What can you tell the job seeker about Conduent's Vacation & Paid Time Off? Restructuring and related costs include restructuring and asset impairment charges as well as costs associated with our strategic transformation program. Weve provided some of the most common questions and answers below in order to help you find the information you need quickly and easily. Copyright 2021 WIFR. We have reported our financial results in accordance with U.S. generally accepted accounting principles (U.S. GAAP). WebOn average, how many hours do you work a day at Conduent? Learn about Conduent Paid Holidays, including a description from the employer, and comments and ratings provided anonymously by current and former (1) All amounts are net of tax. endstream endobj 207 0 obj <. Both Government and Transportation revenues grew in 2021 versus prior year, with Commercial revenue trends continuing to improve in 2021. Important factors and uncertainties that could cause our actual results to differ materially from those in our forward-looking statements include, but are not limited to: the significant continuing effects of the ongoing COVID-19 pandemic on our business, operations, financial results and financial condition, which is dependent on developments which are highly uncertain and cannot be predicted; government appropriations and termination rights contained in our government contracts; our ability to renew commercial and government contracts, including contracts awarded through competitive bidding processes; our ability to recover capital and other investments in connection with our contracts; our reliance on third-party providers; our ability to deliver on our contractual obligations properly and on time; changes in interest in outsourced business process services; risk and impact of geopolitical events, natural disasters and other factors (such as pandemics, including coronavirus) in a particular country or region on our workforce, customers and vendors; claims of infringement of third-party intellectual property rights; our ability to estimate the scope of work or the costs of performance in our contracts; the loss of key senior management and our ability to attract and retain necessary technical personnel and qualified subcontractors; increases in the cost of telephone and data services or significant interruptions in such services; our failure to develop new service offerings and protect our intellectual property rights; our ability to modernize our information technology infrastructure and consolidate data centers; the failure to comply with laws relating to individually identifiable information and personal health information; the failure to comply with laws relating to processing certain financial transactions, including payment card transactions and debit or credit card transactions; breaches of our information systems or security systems or any service interruptions; our ability to comply with data security standards; changes in tax and other laws and regulations; risk and impact of potential goodwill and other asset impairments; our significant indebtedness; our ability to obtain adequate pricing for our services and to improve our cost structure; our ability to collect our receivables, including those for unbilled services; a decline in revenues from, or a loss of, or a reduction in business from or failure of significant clients; fluctuations in our non-recurring revenue; our failure to maintain a satisfactory credit rating; our ability to receive dividends or other payments from our subsidiaries; developments in various contingent liabilities that are not reflected on our balance sheet, including those arising as a result of being involved in a variety of claims, lawsuits, investigations and proceedings; conditions abroad, including local economics, political environments, fluctuating foreign currencies and shifting regulatory schemes; changes in government regulation and economic, strategic, political and social conditions; changes in the volatility of our stock price and the risk of litigation following a decline in the price of our stock; the impact of the ongoing COVID-19 pandemic; and other factors that are set forth in the Risk Factors section, the Legal Proceedings section, the Management's Discussion and Analysis of Financial Condition and Results of Operations section and other sections in our 2020 Annual Report on Form 10-K, as well as in our Quarterly Reports on Form 10-Q and Current Reports on Form 8-K filed with or furnished to the Securities and Exchange Commission. 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