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KD Price Correlated With Financials For Kyndryl Holdings When Issued

Free historical financial statements for Kyndryl Holdings Inc When Issued. See how revenue, income, cash flow, and balance sheet financials have changed over 5 quarters since 2021. Compare with KD stock chart to see long term trends.

KD Stock Compared to Quarterly

KD Income Statement

Revenue, Net:4179000000
Revenue Per Share:18.4259
Cost of Goods & Services Sold:3613000000
Selling, General & Admin Expense:706000000
Operating Income:-219000000
Income Taxes:61000000
Net Income:-281000000
Earnings Per Share, Basic:-1.24
Shares Outstanding, Basic Avg:226800000

KD Cash Flow

Operating Activities Net Income:
Change in Accounts Receiveable:-249000000
Net Cash from Operations:387000000
Net Cash from Operations Per Share:1.7063
Net Cash from Financing Activities:-28000000
Property, Plant & Equipment Purchases:253000000
Net Cash from Investing Activities:-298000000
Net Change in Cash & Equivalents:13000000

KD Balance Sheet

Cash and Cash Equivalents:1901000000
Accounts Receivable, Net:1578000000
Total Current Assets:4964000000
Property, Plant & Equipment, Net:2592000000
Total Assets:11629000000
Accounts Payable:1594000000
Total Short-Term Liabilities:4579000000
Long Term Debt, Non-Current Portion:3000000000
Total Liabilities:9882000000

Insider Trading

 
Change
Value
Transaction
SEC Form 4
Schroeter Martin J   Chief Executive Officer
109,000 sh at $10
$1,055,153
Buy
Keinan Elly   Group President
23,800 sh at $9
$218,812
Buy
Wyshner David B   CFO
20,000 sh at $9
$182,504
Buy

Major Holders (from 13F filings)

Investment Type
Change
Value (x$1000)
increase or decrease
Vanguard Group Inc
21,696,779 sh
1,288,860 sh
6%
$179,433
-$20,156
Blackrock Inc.
18,909,290 sh
2,123,293 sh
13%
$156,379
-$7,789
Jupiter Asset Management Ltd
13,760,000 sh
6,219,864 sh
82%
$113,795
$40,052
Greenlight Capital Inc
7,251,000 sh
1,877,600 sh
35%
$59,965
$7,413
State Street Corp
5,610,531 sh
-684,828 sh
-11%
$46,399
-$15,170
Neuberger Berman Group LLC
4,910,549 sh
1,818,983 sh
59%
$40,658
$10,396
Allspring Global Investments Holdings, LLC
4,150,678 sh
2,100,759 sh
102%
$34,325
$14,278
Dimensional Fund Advisors LP
3,326,429 sh
1,806,702 sh
119%
$27,512
$12,647
Goldman Sachs Group Inc
3,244,571 sh
-14,142,746 sh
-81%
$26,833
-$143,215
Bank Of Nova Scotia
2,739,000 sh
-2,378,000 sh
-46%
$22,652
-$27,392
Geode Capital Management, LLC
2,615,583 sh
310,431 sh
13%
$21,630
-$914
Marshall Wace, Llp
2,227,438 sh
2,227,438 sh
NEW
$18,421
$18,421
Cooper Creek Partners Management LLC
2,213,504 sh
583,629 sh
36%
$18,306
$2,366
Royce & Associates Lp
2,126,158 sh
2,126,158 sh
NEW
$17,583
$17,583
Charles Schwab Investment Management Inc
2,048,093 sh
428,069 sh
26%
$16,938
$1,094
Bank Of New York Mellon Corp
2,004,617 sh
-1,140,275 sh
-36%
$16,577
-$14,179
Zimmer Partners, Lp
1,700,000 sh
1,700,000 sh
NEW
$14,059
$14,059
Northern Trust Corp
1,678,812 sh
56,439 sh
3%
$13,884
-$7,401
Morgan Stanley
1,553,092 sh
-249,669 sh
-14%
$12,844
-$4,787
Ameriprise Financial Inc
1,409,093 sh
77,642 sh
6%
$11,653
-$1,367
COMPANY PROFILE
NOTE 1. SIGNIFICANT ACCOUNTING POLICIES Description of Business Kyndryl Holdings, Inc. (“we”, “the Company” or “Kyndryl”) is a leading technology services company and the largest infrastructure services provider in the world, serving as a partner to more than 4,000 customers whose operations span over 100 countries. Prior to November 3, 2021, the Company was wholly owned by International Business Machines Corporation (“IBM”, “Parent” or “former Parent”). In October 2021, the Board of Directors of IBM approved the spin-off (the “Separation” or the “Spin-off”) of the infrastructure services unit (the “Kyndryl Businesses”) of its Global Technology Services (“GTS”) segment through the distribution of shares of Kyndryl’s common stock to IBM stockholders. In conjunction with the Distribution, Kyndryl underwent an internal reorganization following which it became the holder, directly or through its subsidiaries, of the Kyndryl Businesses. On November 3, 2021, the Separation was achieved through the Parent’s pro rata distribution of 80.1% of the shares of common stock of Kyndryl to holders of the Parent’s common stock as of the close of business on the record date of October 25, 2021. The Parent retained 19.9% of the shares of the Company’s common stock. The Parent’s stockholders of record received one share of the Company’s common stock for every five shares of the Parent’s common stock. Basis of Presentation Prior to the Separation on November 3, 2021 (the “pre-Separation periods”), our historical financial statements were prepared on a combined basis and were derived from the consolidated financial statements of IBM. For the period subsequent to November 3, 2021, the financial statements are presented on a consolidated basis as the Company became a standalone public company. Management believes the accompanying financial statements include all adjustments necessary to present fairly the Company’s financial position as of March 31, 2022, and December 31, 2021, and its results of operations for the three months ended March 31, 2022 and 2021. The financial statements for historical periods were derived from the Company’s audited annual consolidated financial statements but do not contain all of the footnote disclosures from the annual financial statements. The financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in our Form 10-K for the fiscal year ended December 31, 2021, filed with the U.S. Securities and Exchange Commission (“SEC”) on March 10, 2022 (our “2021 Annual Report”). Within the financial statements and tables presented, certain columns and rows may not add due to the use of rounded numbers for disclosure purposes. Percentages presented are calculated from the underlying whole-dollar amounts. Certain items have been recast to conform to current-period presentation. Principles of Consolidation For the pre-Separation periods, the accompanying financial statements were derived from the consolidated financial statements and accounting records of the Parent as if the Company operated on a standalone basis during the periods presented and were prepared in accordance with Generally Accepted Accounting Principles in the United States (“U.S. GAAP”) and pursuant to the rules and regulations of the SEC. All significant intercompany transactions during the pre-Separation periods between Kyndryl and IBM have been included in the consolidated financial statements. Intercompany transactions between Kyndryl and IBM were considered to be effectively settled in the consolidated financial statements at the time the transaction was recorded. The total net effect of the settlement of these intercompany transactions is reflected as Net transfers from Parent in the financing activities section in the Consolidated Statement of Cash Flows and in the Consolidated Balance Sheet within Net Parent investment. After the Separation on November 3, 2021, the Company’s consolidated financi

Data imported from Kyndryl Holdings Inc When Issued SEC filings. Check original filings before making any investment decision.