Company: ALIT
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001809104-25-000062
Chunk: 394

Company: Alight, Inc. / Delaware
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1C
Chunk 394
---
A liability measured at fair value by evaluating whether the calculation of the TRA liability was in accordance with the terms set out in the TRA and recalculating the TRA liability. With the assistance of our valuation specialists, we evaluated the reasonableness of the discount rate by testing the third-party inputs and the valuation methodology employed.

/s/ Ernst & Young LLP

We have served as the Company’s auditor since 2016. 

Chicago, Illinois

February 27, 2025

49

Alight, Inc.

 Consolidated Balance Sheets

December 31,2024December 31,2023(in millions, except par values)AssetsCurrent AssetsCash and cash equivalents$343 $324 Receivables, net471 435 Other current assets214 260 Fiduciary assets239 234 Current assets of discontinued operations— 1,523 Total Current Assets1,267 2,776 Goodwill3,212 3,212 Intangible assets, net2,855 3,136 Fixed assets, net396 331 Deferred tax assets, net41 38 Other assets422 341 Long-term assets of discontinued operations— 948 Total Assets$8,193 $10,782 Liabilities and Stockholders' EquityLiabilitiesCurrent LiabilitiesAccounts payable and accrued liabilities$355 $325 Current portion of long-term debt, net25 25 Other current liabilities273 233 Fiduciary liabilities239 234 Current liabilities of discontinued operations— 1,370 Total Current Liabilities892 2,187 Deferred tax liabilities22 32 Long-term debt, net2,000 2,769 Long-term tax receivable agreement757 733 Financial instruments51 109 Other liabilities158 142 Long-term liabilities of discontinued operations— 68 Total Liabilities$3,880 $6,040 Commitments and ContingenciesStockholders' EquityPreferred stock at $0.0001 par value: 1.0 shares authorized, none issued and outstanding$— $— Class A Common Stock: $0.0001 par value, 1,000.0 shares authorized; 560.5 and 517.3 shares issued, and 531.7 and 510.9 shares outstanding as of December 31, 2024 and December 31, 2023, respectively— — Class B Common Stock: $0.