| Cash Flow | 2025-09-30 | 2025-06-30 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|
| Net income (loss) | 124 | 56 | 183 | -32 |
| Depreciation of property, equipment and capitalized software | 384 | 191 | 471 | 276 |
| Depreciation of right-of-use assets | 147 | 73 | 220 | 154 |
| Amortization of transition costs and prepaid software | 613 | 308 | 974 | 647 |
| Amortization of capitalized contract costs | 231 | 106 | 314 | 205 |
| Amortization of acquisition-related intangible assets | 14 | 7 | 23 | 17 |
| Stock-based compensation | 50 | 24 | 78 | 49 |
| Deferred taxes | -17 | -10 | 22 | 17 |
| Right-of-use assets and liabilities (excluding depreciation) | 173 | 88 | 212 | 145 |
| Workforce rebalancing liabilities | -1 | 3 | -22 | -13 |
| Receivables | -6 | -46 | -177 | -193 |
| Accounts payable | -328 | -269 | -265 | -237 |
| Net (gain) loss on asset sales and other | - | - | 108 | 14 |
| Taxes | 23 | 27 | -39 | -31 |
| Deferred costs (excluding amortization) | 1,697 | 1,381 | 1,273 | 852 |
| Other assets and other liabilities | -645 | -781 | 183 | 133 |
| Net cash provided by operating activities | 22 | -124 | 361 | 101 |
| Capital expenditures | 272 | 143 | 365 | 256 |
| Proceeds from disposition of property and equipment | 51 | 45 | 70 | 54 |
| Cash paid for acquisition, net of cash acquired | - | - | - | 46 |
| Acquisitions and divestitures, net of cash acquired | -1 | -1 | -137 | - |
| Other investing activities, net | -26 | -22 | 42 | -7 |
| Net cash used in investing activities | -196 | -74 | -199 | -241 |
| Debt repayments | 70 | 36 | 108 | 73 |
| Common stock repurchases | 151 | 62 | 30 | - |
| Common stock repurchases for tax withholdings | 89 | 67 | 32 | 24 |
| Other financing activities, net | -1 | -5 | -2 | -5 |
| Net cash used in financing activities | -310 | -170 | -172 | -101 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 30 | 46 | -39 | 17 |
| Net change in cash, cash equivalents and restricted cash | -453 | -323 | -49 | -224 |
| Cash and cash equivalents at beginning of period | 1,789 | 1,789 | 1,554 | 1,554 |
| Cash and cash equivalents at end of period | 1,336 | 1,466 | 1,505 | 1,330 |
Kyndryl Holdings, Inc. (KD)
Kyndryl Holdings, Inc. (KD)