Company: ALIT
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001628280-25-037820
Chunk: 39

Company: Alight, Inc. / Delaware
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 39
---
,134 $(594)$65 $4,473 $4 $4,477 

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

5

Alight, Inc.

Condensed Consolidated Statements of Cash Flows(Unaudited) 

Six Months Ended June 30,(in millions)20252024Operating activities:Net Income (Loss) From Continuing Operations$(1,090)$(125)Adjustments to reconcile net income (loss) to net cash provided by operating activities:Depreciation60 56 Intangible asset amortization141 140 Noncash lease expense5 6 Financing fee and premium amortization1 (1)Share-based compensation expense11 48 (Gain) loss from change in fair value of financial instruments20 (31)(Gain) loss from change in fair value of tax receivable agreement32 24 Release of unrecognized tax provision— (2)Deferred tax expense (benefit)(8)(39)Goodwill impairment983 — Other11 2 Changes in operating assets and liabilities:Accounts receivable60 62 Accounts payable and accrued liabilities(76)(75)Other assets and liabilities9 28 Cash provided by operating activities - continuing operations159 93 Cash provided by operating activities - discontinued operations— 65 Net cash provided by operating activities$159 $158 Investing activities:Capital expenditures(57)(67)Cash provided by (used in) investing activities - continuing operations(57)(67)Cash used in investing activities - discontinued operations— (11)Net cash provided by (used in) investing activities$(57)$(78)Financing activities:Dividend payments (43)— Net increase (decrease) in fiduciary liabilities(24)(17)Repayments to banks(10)(13)Principal payments on finance lease obligations(12)(14)Payments on tax receivable agreements(100)(62)Tax payment for shares/units withheld in lieu of taxes(11)(58)Repurchase of shares(40)(80)Other financing activities(2)— Cash used for financing activities - continuing operations(242)(244)Cash provided by (used in) financing activities - discontinued operations— 22 Net Cash provided by (used in) financing activities$(242)$(222)Effect of exchange rate changes on cash, cash equivalents and restricted cash - discontinued operations— (3)Net increase (decrease) in cash, cash equivalents and