Company: ALIT
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001628280-25-037820
Chunk: 156

Company: Alight, Inc. / Delaware
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 8
Chunk 156
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iduciary assets on the Condensed Consolidated Balance Sheets as of June 30, 2025 and December 31, 2024, with a corresponding amount in Fiduciary liabilities. Fiduciary funds are not used for general corporate purposes and are not a source of liquidity for us.

The following table provides a summary of cash flows from continuing operating, investing, and financing activities for the periods presented.

 Six Months Ended June 30,(in millions)20252024Cash provided by operating activities - continuing operations$159 $93 Cash provided by (used in) investing activities - continuing operations(57)(67)Cash used for financing activities - continuing operations(242)(244)

Operating Activities 

Net cash provided by operating activities was $159 million for the six months ended June 30, 2025 as compared to $93 million for the six months ended June 30, 2024. The increase in cash provided by operating activities was primarily due to changes in our net working capital requirements. 

Investing Activities

Cash used in investing activities was $57 million for the six months ended June 30, 2025 as compared to cash used in investing activities of $67 million for the six months ended June 30, 2024. The decrease in cash used in investing activities was primarily driven by a decrease in capital expenditures. 

Financing Activities

Cash used in financing activities for the six months ended June 30, 2025 was $242 million as compared to cash used in financing activities of $244 million for the six months ended June 30, 2024. The primary drivers of cash used in financing activities for the six months ended June 30, 2025 were $100 million of TRA payments, $43 million of dividend payments, $40 million of share repurchases, a $24 million net decrease in fiduciary liabilities, $12 million of finance lease payments, $11 million of shares/units withheld in lieu of taxes, and $10 million of debt repayments. The decrease in fiduciary cash was primarily due to timing of client funding and subsequent disbursement of payments.

Cash, Cash Equivalents and Fiduciary Assets

At June 30, 2025, our continuing operations cash and cash equivalents were $227 million, a decrease of $116 million from December 31, 2024. Of the total balances of cash and cash equivalents as of June 30, 2025 and December 31, 2024