Company: ALIT
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001628280-25-037820
Chunk: 40

Company: Alight, Inc. / Delaware
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 40
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 restricted cash(140)(145)Cash, cash equivalents and restricted cash balances from:Continuing operations - beginning of year$582 $558 Discontinued operations - beginning of year— 1,201 Less discontinued operations - end of period— 1,214 Continuing operations - end of period$442 $400 Reconciliation of cash, cash equivalents, and restricted cash to the Condensed Consolidated Balance SheetsCash and cash equivalents$227 $183 Restricted cash included in fiduciary assets215 217 Total cash, cash equivalents and restricted cash$442 $400 Supplemental disclosure of non-cash investing and financing activities:Fixed asset additions acquired through finance leases$6 $51 Right of use asset additions acquired through operating leases9 6 

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

6

Alight, Inc.

Notes to Unaudited Condensed Consolidated Financial Statements

1. Basis of Presentation and Nature of BusinessBasis of PresentationThe accompanying unaudited Condensed Consolidated Financial Statements have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) for interim financial information and should be read in conjunction with the Consolidated Financial Statements contained in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024, filed with the Securities and Exchange Commission (“SEC”) on February 27, 2025. In the opinion of management, all adjustments, including normal recurring adjustments, considered necessary for a fair presentation have been included. All intercompany transactions and balances have been eliminated upon consolidation.   On July 2, 2021 (the “Closing Date”), Alight Holding Company, LLC (the "Predecessor" or "Alight Holdings") completed a business combination (the "Business Combination") with a special purpose acquisition company. On the Closing Date, pursuant to the Business Combination Agreement, the special purpose acquisition company became a wholly owned subsidiary of Alight, Inc. (“Alight”, the “Company”, “we” “us” “our” or the “Successor”). As of June 30, 2025, Alight owned approximately 99% of the economic interest in the Predecessor, had 100% of the voting power and controlled the management of the Predecessor. The non-voting ownership percentage held by noncontrolling interest was less than 1% as of June 30, 202