Company: ALIT
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001809104-25-000062
Chunk: 398

Company: Alight, Inc. / Delaware
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1C
Chunk 398
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 $(219)$5,141 $(660)$47 $4,309 $4 $4,313 

The accompanying Notes are an integral part of these Consolidated Financial Statements.

52

Alight, Inc.

Consolidated Statements of Cash Flows

Year Ended December 31,(in millions)202420232022Operating activities:Net Income (Loss) From Continuing Operations$(140)$(317)$(140)Adjustments to reconcile net income (loss) to net cash provided by operating activities:Depreciation115 92 72 Intangible asset amortization280 281 278 Noncash lease expense11 13 16 Financing fee and premium amortization— (2)(2)Share-based compensation expense76 139 164 (Gain) loss from change in fair value of financial instruments(57)10 (38)(Gain) loss from change in fair value of tax receivable agreement34 118 (41)Release of unrecognized tax provision(1)(1)(31)Deferred tax expense (benefit)(19)(9)25 Other(1)2 1 Changes in operating assets and liabilities:Accounts receivable(37)(20)(74)Accounts payable and accrued liabilities31 (61)69 Other assets and liabilities(99)2 (61)Cash provided by operating activities - continuing operations193 247 238 Cash provided by operating activities - discontinued operations59 139 48 Net cash provided by operating activities$252 $386 $286 Investing activities:Net proceeds from sale of business968 — — Acquisition of businesses, net of cash acquired— 1 (87)Capital expenditures(121)(140)(131)Cash provided by (used in) investing activities - continuing operations847 (139)(218)Cash used in investing activities - discontinued operations(11)(20)(17)Net cash provided by (used in) investing activities$836 $(159)$(235)Financing activities:Dividend payments (21)— — Net increase (decrease) in fiduciary liabilities5 (21)(9)Borrowings from banks— — 104 Repayments to banks(765)(25)(141)Principal payments on finance lease obligations(27)(25)(30)Payments on tax receivable agreements(62)(7)— Tax payment for shares/units withheld in lieu of taxes(59)(16)(8)Deferred and contingent consideration