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

Company: Alight, Inc. / Delaware
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 2
Chunk 11
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 and therefore excluded from the U.S. GAAP diluted earnings per share. Adjusted Diluted Earnings Per Share From Continuing Operations, including the adjusted weighted-average number of shares, is used by us and our investors to evaluate our core operating performance and to benchmark our operating performance against our competitors.

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A reconciliation of Adjusted Net Income (Loss) From Continuing Operations and the computation of Adjusted Diluted Earnings Per Share From Continuing Operations is as follows:

Three Months Ended September 30,Nine Months Ended September 30,(in millions, except share and per share amounts)2025202420252024Numerator:Net Income (Loss) From Continuing Operations Attributable to Alight, Inc. (1)$(1,054)$(44)$(2,143)$(167)Conversion of noncontrolling interest(1)— (2)(2)Intangible amortization70 70 211 210 Share-based compensation3 11 14 59 Transaction and integration expenses (2)4 21 12 57 Restructuring4 12 44 45 (Gain) Loss from change in fair value of financial instruments(19)(23)1 (54)(Gain) Loss from change in fair value of tax receivable agreement(66)27 (34)51 Goodwill impairment and other (3)1,338 6 2,323 8 Tax effect of adjustments (4)(217)(32)(256)(73)Adjusted Net Income From Continuing Operations$62 $48 $170 $134 Denominator:Weighted average shares outstanding - basic526,576,757535,828,896529,206,657545,659,335Dilutive effect of the exchange of noncontrolling interest units———560,433Dilutive effect of RSUs————Weighted average shares outstanding - diluted526,576,757535,828,896529,206,657546,219,768Exchange of noncontrolling interest units(5)510,115663,057510,1152,189,169Impact of unvested RSUs(6)8,289,6097,358,5108,289,6097,358,510Adjusted shares of Class A Common Stock outstanding - diluted(7)(8)535,376,481543,850,463538,006,381555,767,447Basic (Net Loss) Earnings Per Share From Continuing Operations$(2.00