DXC Technology Q3 2024 Update: Debt and Assets Detailed

TL;DR

DXC Tech's Q3 2024 10-Q shows assets and liabilities, including 2026 Senior Notes.

AI Summary

DXC Technology Co. filed its 10-Q for the period ending December 31, 2024, reporting on its financial performance for the third quarter. The filing details its assets, liabilities, and equity, including significant debt obligations such as Senior Notes due in 2026. The company is incorporated in Nevada and headquartered in Ashburn, Virginia.

Why It Matters

This filing provides investors with a snapshot of DXC Technology's financial health and debt structure as of the end of the third quarter of fiscal year 2024, impacting investment decisions.

Risk Assessment

Risk Level: medium — The filing details significant debt obligations, which can pose a risk to financial stability if not managed effectively.

Key Numbers

• 2024-12-31 — End of Fiscal Year 2024 (Reporting period for the 10-Q)
• 2025-02-05 — Filing Date (Date the 10-Q was submitted to the SEC)

Key Players & Entities

• DXC Technology Co (company) — Filer of the 10-Q
• 2024-12-31 (date) — End of reporting period
• 2025-02-05 (date) — Filing date
• Senior Notes Due 2026 (dollar_amount) — Specific debt instrument mentioned
• Nevada (location) — State of incorporation
• Ashburn, Virginia (location) — Company headquarters

FAQ

Key Financial Figures

• $0.01 — ange on which registered Common Stock, $0.01 par value per share DXC The New York St

Filing Documents

• dxc-20241231.htm (10-Q) — 1826KB
• dxc1231202410-qex311.htm (EX-31.1) — 13KB
• dxc1231202410-qex312.htm (EX-31.2) — 13KB
• dxc1231202410-qex321.htm (EX-32.1) — 5KB
• dxc1231202410-qex322.htm (EX-32.2) — 6KB
• dxc-20241231_g1.jpg (GRAPHIC) — 12KB
• 0001688568-25-000007.txt ( ) — 9564KB
• dxc-20241231.xsd (EX-101.SCH) — 58KB
• dxc-20241231_cal.xml (EX-101.CAL) — 105KB
• dxc-20241231_def.xml (EX-101.DEF) — 198KB
• dxc-20241231_lab.xml (EX-101.LAB) — 742KB
• dxc-20241231_pre.xml (EX-101.PRE) — 481KB
• dxc-20241231_htm.xml (XML) — 1726KB

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION 1. Financial Statements (unaudited) 1 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 32 3. Quantitative and Qualitative Disclosures About Market Risk 48 4. Controls and Procedures 48

– OTHER INFORMATION

PART II – OTHER INFORMATION 1. Legal Proceedings 49 1A. Risk Factors 49 2. Unregistered Sales of Equity Securities and Use of Proceeds 49 3. Defaults Upon Senior Securities 49 4. Mine Safety Disclosures 50 5. Other Information 50 6. Exhibits 51 PART I

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS Index to Condensed Consolidated Financial Statements Page Condensed Consolidated Statements of Operations for the Three and Nine Months Ended December 31 , 2024 and December 31 , 2023 (unaudited) 2 Condensed Consolidated Statements of Comprehensive Income (Loss) for the Three and Nine Months Ended December 31 , 2024 and December 31 , 2023 (unaudited) 3 Condensed Consolidated Balance Sheets as of December 31 , 2024 and March 31, 2024 (unaudited) 4 Condensed Consolidated Statements of Cash Flows for the Nine Months Ended December 31 , 2024 and December 31 , 2023 (unaudited) 5 Condensed Consolidated Statements of Changes in Equity for the Three and Nine Months Ended December 31 , 2024 and December 31 , 2023 (unaudited) 6 Notes to Condensed Consolidated Financial Statements (unaudited) Note 1–Summary of Significant Accounting Policies 8 Note 2–Divestitures 10 Note 3–Earnings Per Share 10 Note 4–Receivables 11 Note 5–Leases 11 Note 6–Derivative Instruments 14 Note 7–Intangible Assets 16 Note 8–Goodwill 17 Note 9–Debt 18 Note 10–Revenue 19 Note 11–Restructuring Costs 20 Note 12–Pension and Other Benefit Plans 21 Note 13–Income Taxes 21 Note 14–Stockholders' Equity 23 Note 15–Stock Incentive Plans 24 Note 16–Cash Flows 25 Note 17–Segment Information 26 Note 18–Commitments and Contingencies 28 1 DXC TECHNOLOGY COMPANY CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) Three Months Ended Nine Months Ended (in millions, except per-share amounts) December 31, 2024 December 31, 2023 December 31, 2024 December 31, 2023 Revenues $ 3,225 $ 3,399 $ 9,702 $ 10,281 Costs of services (excludes depreciation and amortization and restructuring costs) 2,416 2,636 7,369 7,988 Selling, general and administrative (excludes depreciation and amortization and restructuring costs) 335 294 989 949 Depreciation and amortization 320 350 975 1,055 Restructuring costs 43 36 1

Business

Business DXC Technology Company ("DXC," the "Company," "we," "us," or "our") helps global companies run their mission critical systems and operations while modernizing IT, optimizing data architectures, and ensuring security and scalability across public, private and hybrid clouds. Many of the world's largest companies and public sector organizations trust DXC to deploy services to drive new levels of performance, competitiveness and customer experience across their IT estates. Basis of Presentation In order to make this report easier to read, DXC refers throughout to (i) the interim unaudited Condensed Consolidated Financial Statements as the "financial statements," (ii) the Condensed Consolidated Statements of Operations as the "statements of operations," (iii) the Condensed Consolidated Statements of Comprehensive Income (Loss) as the "statements of comprehensive income," (iv) the Condensed Consolidated Balance Sheets as the "balance sheets," and (v) the Condensed Consolidated Statements of Cash Flows as the "statements of cash flows." In addition, references are made throughout to the numbered Notes to the Condensed Consolidated Financial Statements ("Notes") in this Quarterly Report on Form 10-Q. The accompanying financial statements include the accounts of DXC, its consolidated subsidiaries, and those business entities in which DXC maintains a controlling interest. Investments in business entities in which the Company does not have control, but has the ability to exercise significant influence over operating and financial policies, are accounted for by the equity method. Other investments are accounted for by the cost method. Non-controlling interests are presented as a separate component within equity in the balance sheets. Net earnings attributable to the non-controlling interests are presented separately in the statements of operations and comprehensive income attributable to non-controlling interests are presented separately in the statements of co

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View this 10-Q filing on SEC EDGAR