Company: ALIT
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001809104-25-000062
Chunk: 94

Company: Alight, Inc. / Delaware
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1B
Chunk 94
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)(184)Cash provided by (used in) financing activities - discontinued operations22 (87)238 Net Cash provided by (used in) financing activities$(1,074)$(231)$54 Effect of exchange rate changes on cash, cash equivalents and restricted cash - continuing operations1 — (6)Effect of exchange rate changes on cash, cash equivalents and restricted cash - discontinued operations(3)4 8 Net increase (decrease) in cash, cash equivalents and restricted cash12 — 107 Cash, cash equivalents and restricted cash balances from:Continuing operations - beginning of year$558 $482 $603 Discontinued operations - beginning of year(a)1,201 1,277 1,049 Less discontinued operations - end of period(a)— 1,201 1,277 Less fiduciary cash transferred with sale of business1,189 — — Continuing operations - end of period$582 $558 $482 (a)Reported as discontinued operations on our consolidated balance sheets.Reconciliation of cash, cash equivalents, and restricted cash to the Consolidated Balance SheetsCash and cash equivalents$343 $324 $228 Restricted cash included in fiduciary assets239 234 254 Total cash, cash equivalents and restricted cash$582 $558 $482 Supplemental disclosures:Interest paid$108 $128 $126 Income taxes paid50 46 17 

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Supplemental disclosure of non-cash investing and financing activities:Fixed asset additions acquired through finance leases$62 $12 $9 Right of use asset additions acquired through operating leases8 3 11 The accompanying Notes are an integral part of these Consolidated Financial Statements.

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Alight, Inc.

Notes to Consolidated Financial Statements

1. Basis of Presentation and Nature of BusinessBasis of PresentationThe accompanying Consolidated Financial Statements include the accounts of Alight, Inc. and its wholly owned subsidiaries and have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”). 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