Company: ALIT
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-049916
Chunk: 134

Company: Alight, Inc. / Delaware
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 134
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 (1)Cost of sales - Technology (2)$76 $75 $228 $239 Cost of sales - Delivery, Customer Care and Other (3)251 280 770 809 Stock Based Compensation— 3 5 11 Depreciation and Amortization28 23 81 70 Total Gross Profit$178 $174 $525 $523 Selling, General, and Administrative (4)80 122 268 341 Restructuring4 12 44 45 Stock Based Compensation3 8 9 48 Depreciation and Intangible Amortization75 74 223 223 Goodwill impairment1,338 — 2,321 — Interest expense24 19 68 83 Other segment items (5)(291)(17)(263)(48)Net Income (Loss) From Continuing Operations$(1,055)$(44)$(2,145)$(169)(1)    The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.(2)     Cost of sales - Technology is primarily attributable to cost related to application development and client-related infrastructure.(3)    Cost of sales - Delivery, Customer Care and Other is primarily attributable to costs related personnel and vendors providing services to support our client base and client participants. (4)    Selling, General, and Administrative expenses exclude restructuring, stock based compensation and depreciation and intangible amortization and primarily include compensation-related costs for administrative and management employees, system and facilities expense, and costs for external professional and consulting services. (5)    Other segment items - include gain/loss from change in fair value of financial instruments, gain/loss from change in fair value of tax receivable agreement, other (income) expense, net and income taxes. There was no single client who accounted for more than 10% of the Company’s revenues in any of the periods presented.

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13. Derivative Financial InstrumentsThe Company is exposed to market risks, including changes in interest rates. To manage the risk related to these exposures, the Company has entered into various derivative instruments that reduce these risks by creating offsetting exposures.Interest Rate SwapsThe Company has utilized swap agreements that will fix the floating interest rates associated with its Term Loan as shown in the following table: Designation DateEffective DateInitial Notional AmountNotional Amount Outstanding as of September 30, 2025Fixed