NCR Voyix Corp Q3 2024 10-Q Filing

TL;DR

NCR Voyix Q3 2024 results are in. Check the 10-Q for segment performance.

AI Summary

NCR Voyix Corp filed its 10-Q for the period ending September 30, 2024. The filing details financial performance across product and service segments for the third quarter and year-to-date periods of 2024 and 2023. Key financial data and segment information are presented, reflecting the company's operational results.

Why It Matters

This filing provides investors with the latest financial performance data for NCR Voyix Corp, crucial for understanding the company's current health and future prospects.

Risk Assessment

Risk Level: medium — 10-Q filings are standard financial reports, but the specific financial details and market conditions can introduce medium risk.

Key Numbers

• Q3 2024 — Reporting Period (Third quarter financial results)
• 2024-09-30 — Period End Date (End of the fiscal quarter)

Key Players & Entities

• NCR Voyix Corp (company) — Filer of the 10-Q
• 0000070866 (company) — Central Index Key for NCR Voyix Corp
• 20240930 (date) — End of the reporting period
• 20241107 (date) — Filing date

FAQ

Key Financial Figures

• $0.01 — ch registered Common Stock, par value $0.01 per share VYX New York Stock Exchange

Filing Documents

• ncr-20240930.htm (10-Q) — 2370KB
• exhibit311sec302ceocert-09.htm (EX-31.1) — 8KB
• exhibit312sec302cfocert-09.htm (EX-31.2) — 8KB
• exhibit32sec906ceoandcfoce.htm (EX-32) — 8KB
• 0000070866-24-000037.txt ( ) — 12631KB
• ncr-20240930.xsd (EX-101.SCH) — 70KB
• ncr-20240930_cal.xml (EX-101.CAL) — 126KB
• ncr-20240930_def.xml (EX-101.DEF) — 419KB
• ncr-20240930_lab.xml (EX-101.LAB) — 909KB
• ncr-20240930_pre.xml (EX-101.PRE) — 655KB
• ncr-20240930_htm.xml (XML) — 2279KB

Financial Information

PART I. Financial Information Description Page

Financial Statements

Item 1. Financial Statements 3 Condensed Consolidated Statements of Operations (Unaudited) Three and Nine Months Ended September 30, 2024 and 2023 3 Condensed Consolidated Statements of Comprehensive Income (Unaudited) Three and Nine Months Ended September 30, 2024 and 2023 4 Condensed Consolidated Balance Sheets (Unaudited) September 30, 2024 and December 31, 2023 5 Condensed Consolidated Statements of Cash Flows (Unaudited) Nine Months Ended September 30, 2024 and 2023 6 Condensed Consolidated Statements of Changes in Stockholders' Equity (Deficit) (Unaudited) Three and Nine Months Ended September 30, 2024 and 2023 7 Notes to Condensed Consolidated Financial Statements (Unaudited) 9

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 39

Quantitative and Qualitative Disclosures about Market Risk

Item 3. Quantitative and Qualitative Disclosures about Market Risk 56

Controls and Procedures

Item 4. Controls and Procedures 57

Other Information

PART II. Other Information Description Page

Legal Proceedings

Item 1. Legal Proceedings 59

Risk Factors

Item 1A. Risk Factors 59

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 60

Other Information

Item 5. Other Information 61

Exhibits

Item 6. Exhibits 62

Signatures

Signatures 63 2 Table of Contents

Financial Information

Part I. Financial Information

FINANCIAL STATEMENTS

Item 1. FINANCIAL STATEMENTS NCR Voyix Corporation Condensed Consolidated Statements of Operations (Unaudited) In millions, except per share amounts Three months ended September 30 Nine months ended September 30 2024 2023 2024 2023 Product revenue $ 219 $ 296 $ 684 $ 875 Service revenue 492 513 1,460 1,507 Total revenue 711 809 2,144 2,382 Cost of products 185 253 594 771 Cost of services 360 361 1,120 1,053 Selling, general and administrative expenses 113 142 340 427 Research and development expenses 38 29 129 98 Total operating expenses 696 785 2,183 2,349 Income (loss) from operations 15 24 ( 39 ) 33 Gain (loss) on extinguishment of debt 8 — 8 — Interest expense ( 40 ) ( 83 ) ( 120 ) ( 257 ) Other income (expense), net ( 15 ) ( 20 ) ( 40 ) ( 33 ) Income (loss) from continuing operations before income taxes ( 32 ) ( 79 ) ( 191 ) ( 257 ) Income tax expense (benefit) ( 1 ) 187 3 200 Income (loss) from continuing operations ( 31 ) ( 266 ) ( 194 ) ( 457 ) Income (loss) from discontinued operations, net of tax 1,113 138 1,162 353 Net income (loss) 1,082 ( 128 ) 968 ( 104 ) Net income (loss) attributable to noncontrolling interests — — ( 1 ) — Net income (loss) attributable to noncontrolling interests of discontinued operations — 1 — 1 Net income (loss) attributable to NCR Voyix $ 1,082 $ ( 129 ) $ 969 $ ( 105 ) Amounts attributable to NCR Voyix common stockholders: Income (loss) from continuing operations $ ( 31 ) $ ( 266 ) $ ( 193 ) $ ( 457 ) Series A convertible preferred stock dividends ( 4 ) ( 4 ) ( 12 ) ( 12 ) Income (loss) from continuing operations attributable to NCR Voyix common stockholders ( 35 ) ( 270 ) ( 205 ) ( 469 ) Income (loss) from discontinued operations, net of tax 1,113 137 1,162 352 Net income (loss) attributable to NCR Voyix common stockholders $ 1,078 $ ( 133 ) $ 957 $ ( 117 ) Income (loss) per share attributable to NCR Voyix common stockholders: Income (loss) per common share from continuing operations Basic

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View this 10-Q filing on SEC EDGAR