Company: ALIT
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001809104-25-000175
Chunk: 86

Company: Alight, Inc. / Delaware
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 86
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 (114)— (114)(2)(116)Other comprehensive income (loss), net— — — — 4 4 (4)— Conversion of non-controlling interest— — 199 — — 199 (264)(65)Share-based compensation expense— — 28 — — 28 — 28 Shares withheld in lieu of taxes— — (57)— — (57)— (57)Other— — (3)(3)(1)(4)Balance at March 31, 2024$— $(52)$5,113 $(617)$75 $4,519 $9 $4,528 

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

4

Alight, Inc.

Condensed Consolidated Statements of Cash Flows(Unaudited) 

Three Months Ended March 31,(in millions)20252024Operating activities:Net Income (Loss) From Continuing Operations$(17)$(121)Adjustments to reconcile net income (loss) to net cash provided by operating activities:Depreciation30 26 Intangible asset amortization71 71 Noncash lease expense2 3 Financing fee and premium amortization— (1)Share-based compensation expense6 28 (Gain) loss from change in fair value of financial instruments(8)21 (Gain) loss from change in fair value of tax receivable agreement9 55 Deferred tax expense (benefit)(4)(26)Changes in operating assets and liabilities:Accounts receivable33 42 Accounts payable and accrued liabilities(60)(47)Other assets and liabilities11 41 Cash provided by operating activities - continuing operations73 92 Cash provided by operating activities - discontinued operations— 8 Net cash provided by operating activities$73 $100 Investing activities:Capital expenditures(29)(31)Cash provided by (used in) investing activities - continuing operations(29)(31)Cash used in investing activities - discontinued operations— (5)Net cash provided by (used in) investing activities$(29)$(36)Financing activities:Dividend payments (21)— Net increase (decrease) in fiduciary liabilities(12)16 Repayments to banks(5)(6)Principal payments on finance lease obligations(5)(9)Payments on tax receivable agreements(100)(62)Tax payment