Item 5. Market for Registrant’s Common Equity
ITEM 5. MARKET FOR THE REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Stock Exchange Information
The common stock of Conduent began trading on January 3, 2017, on the New York Stock Exchange, under the ticker "CNDT". In December 2019, Conduent changed the listing of its publicly traded common stock from the New York Stock Exchange to the NASDAQ, where it remains listed under the ticker "CNDT".
Common Shareholders of Record
There were 24,475 shareholders of record as of January 31, 2021.
Conduent Common Stock Dividends
We did not pay any dividends on our common stock in 2020. We intend to retain future earnings for use in the operation of our business and to fund future growth. We do not anticipate paying any dividends on our common stock for the foreseeable future.
Performance Graph
Sales of Unregistered Securities During the Quarter Ended December 31, 2020
None
Securities Authorized for Issuance Under Existing Equity Compensation Plans
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Information about securities authorized for issuance under existing equity compensation plans is incorporated by reference from Item 12—Securities Authorized for Issuance Under Existing Equity Compensation Plans.
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ITEM 6. SELECTED FINANCIAL DATA
In accordance with amendments to Regulation S-K effective February 10, 2021, we have elected to early apply the guidance allowing for the omission of selected financial data for each of the five prior fiscal years.
QUARTERLY RESULTS OF OPERATIONS (Unaudited)
(in millions, except per-share data) First
Quarter Second
Quarter Third
Quarter Fourth
Quarter Full
Year
2020
Revenues $ 1,051 $ 1,016 $ 1,041 $ 1,055 $ 4,163
Costs and Expenses 1,102 1,080 1,054 1,066 4,302
Loss before Income Taxes (51) (64) (13) (11) (139)
Income tax (benefit) expense (2) (13) (6) — (21)
Net Loss $ (49) $ (51) $ (7) $ (11) $ (118)
Loss per Share (2) :
Basic $ (0.24) $ (0.25) $ (0.04) $ (0.07) $ (0.61)
Diluted $ (0.24) $ (0.25) $ (0.04) $ (0.07) $ (0.61)
2019
Revenues $ 1,158 $ 1,112 $ 1,098 $ 1,099 $ 4,467
Costs and Expenses (1)
1,496 2,231 1,112 1,734 6,573
Loss before Income Taxes (338) (1,119) (14) (635) (2,106)
Income tax (benefit) expense (30) (90) 2 (54) (172)
Net Loss $ (308) $ (1,029) $ (16) $ (581) $ (1,934)
Loss per Share (2) :
Basic $ (1.49) $ (4.94) $ (0.09) $ (2.76) $ (9.29)
Diluted $ (1.49) $ (4.94) $ (0.09) $ (2.76) $ (9.29)
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(1) First quarter, second quarter, fourth quarter and full year 2019 include goodwill impairment charge of $284 million, $1.1 billion, $601 million and approximately $2.0 billion, respectively. Refer to Note 9 – Goodwill and Intangible Assets, Net to the Consolidated Financial Statements included in Item 8 of this Form 10-K for further discussion.
(2) The sum of quarterly loss per share may differ from the full-year amounts due to rounding.
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