Company: ALIT
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001628280-25-037820
Chunk: 10

Company: Alight, Inc. / Delaware
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 2
Chunk 10
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 continuing operations attributable to Alight, Inc., adjusted for intangible amortization and the impact of certain non-cash items that we do not consider in the evaluation of ongoing operational performance, is a non-GAAP financial measure used solely for the purpose of calculating Adjusted Diluted Earnings Per Share From Continuing Operations.

Adjusted Diluted Earnings Per Share From Continuing Operations is defined as Adjusted Net Income From Continuing Operations divided by the adjusted weighted-average number of shares of common stock, diluted. The adjusted weighted shares calculation assumes the full exchange of the non-controlling interest units and the full amount of non-vested time-based restricted units that were determined to be antidilutive and therefore excluded from the U.S. GAAP diluted earnings per share. Adjusted Diluted Earnings Per Share From Continuing Operations, including the adjusted weighted-average number of shares, is used by us and our investors to evaluate our core operating performance and to benchmark our operating performance against our competitors.

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A reconciliation of Adjusted Net Income (Loss) From Continuing Operations and the computation of Adjusted Diluted Earnings Per Share From Continuing Operations is as follows:

Three Months Ended June 30,Six Months Ended June 30,(in millions, except share and per share amounts)2025202420252024Numerator:Net Income (Loss) From Continuing Operations Attributable to Alight, Inc. (1)$(1,072)$(4)$(1,089)$(123)Conversion of noncontrolling interest(1)— (1)(2)Intangible amortization70 69 141 140 Share-based compensation5 20 11 48 Transaction and integration expenses (2)5 19 8 36 Restructuring36 18 40 33 (Gain) Loss from change in fair value of financial instruments28 (52)20 (31)(Gain) Loss from change in fair value of tax receivable agreement23 (31)32 24 Goodwill impairment and other (3)984 2 985 2 Tax effect of adjustments (4)(22)(12)(39)(41)Adjusted Net Income From Continuing Operations$56 $29 $108 $86 Denominator:Weighted average shares outstanding - basic528,469,912546,174,400530,378,798543,376,024Dilutive effect of the exchange of noncontrolling interest units—554,568—554,568Dilutive effect of RSUs