Company: ALIT
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001809104-25-000062
Chunk: 13

Company: Alight, Inc. / Delaware
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1
Chunk 13
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Alight, Inc.

Consolidated Statements of Comprehensive Income (Loss)

Year Ended December 31,(in millions, except per share amounts)202420232022Revenue$2,332 $2,386 $2,207 Cost of services, exclusive of depreciation and amortization1,442 1,504 1,472 Depreciation and amortization96 72 49 Gross Profit794 810 686 Operating ExpensesSelling, general and administrative585 590 479 Depreciation and intangible amortization299 301 301 Total Operating expenses884 891 780 Operating Income (Loss) From Continuing Operations(90)(81)(94)Other (Income) Expense(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)Interest expense103 131 121 Other (income) expense, net(22)(3)(12)Total Other (income) expense, net58 256 30 Income (Loss) From Continuing Operations Before Taxes(148)(337)(124)Income tax expense (benefit)(8)(20)16 Net Income (Loss) From Continuing Operations(140)(317)(140)Net Income (Loss) From Discontinued Operations (including loss on disposal of $10 million), Net of Tax(19)(45)68 Net Income (Loss)(159)(362)(72)Net income (loss) attributable to noncontrolling interests(2)(17)(10)Net Income (Loss) Attributable to Alight, Inc.$(157)$(345)$(62)Earnings (Loss) Per ShareBasic and DilutedContinuing operations$(0.25)$(0.61)$(0.28)Discontinued operations$(0.04)$(0.09)$0.14 Net Income (Loss)$(0.29)$(0.70)$(0.14)Net Income (Loss)$(159)$(362)$(72)Other comprehensive income (loss), net of tax:Change in fair value of derivatives(35)(42)114 Foreign currency translation adjustments7 9 (14)Total Other comprehensive income (loss), net of tax:(28)(33)100 Comprehensive Income (Loss) Before Noncontrolling Interests(187)(395)28 Comprehensive income (loss) attributable to noncontrolling interests