Company: ALIT
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001809104-25-000062
Chunk: 228

Company: Alight, Inc. / Delaware
Filing Date: 2025-02-27
Form: 10-K
Item: Item 3
Chunk 228
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 a single consolidated segment, the CODM now considers Net Income (Loss) From Continuing Operations as its segment profitability measure.The CODM also uses revenue and net income (loss) from continuing operations to manage and evaluate our business, make planning decisions, and as performance measures for Company-wide incentive compensation plans. These key financial measures provide an additional view of our operational performance over the long-term and provide useful information that we use in order to maintain and grow our business. The Company does not report assets by reportable segments as this information is not reviewed by the CODM on a regular basis.Information regarding the Company’s reportable segment is as follows (in millions):Year Ended December 31,202420232022Employer SolutionsOtherTotalEmployer SolutionsOtherTotalEmployer SolutionsOtherTotalRevenueRecurring$2,135 $— $2,135 $2,141 $26 $2,167 $1,960 $43 $2,003 Project197 — 197 219 — 219 204 — 204 Total Revenue$2,332 $— $2,332 $2,360 $26 $2,386 $2,164 $43 $2,207 Less (1)Cost of sales - Technology (2)$313 $— $313 $323 $— $323 $293 $— $293 Cost of sales - Delivery, Customer Care and Other (3)1,115 — 1,115 1,125 26 1,151 1,103 42 1,145 Stock Based Compensation14 — 14 30 — 30 34 — 34 Depreciation and Amortization96 — 96 70 2 72 47 2 49 Total Gross Profit$794 $— $794 $812 $(2)$810 $687 $(1)$686 Selling, General, and Administrative (4)460 — 460 408 — 408 303 — 303 Restructuring63 — 63 73 — 73 46 — 46 Stock Based Compensation62 — 62 109 — 109 130 — 130 Depreciation and Intangible Amortization299 — 299 301 — 301 301 — 301 Interest expense