Company: ALIT
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001809104-25-000175
Chunk: 83

Company: Alight, Inc. / Delaware
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 83
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Item 1. Financial Statements.

Alight, Inc.

 Condensed Consolidated Balance Sheets

(Unaudited) 

March 31,2025December 31,2024(in millions, except par values)AssetsCurrent AssetsCash and cash equivalents$223 $343 Receivables, net438 471 Other current assets174 214 Fiduciary assets227 239 Total Current Assets1,062 1,267 Goodwill3,212 3,212 Intangible assets, net2,784 2,855 Fixed assets, net397 396 Deferred tax assets, net47 41 Other assets411 422 Total Assets$7,913 $8,193 Liabilities and Stockholders' EquityLiabilitiesCurrent LiabilitiesAccounts payable and accrued liabilities$296 $355 Current portion of long-term debt, net20 25 Other current liabilities358 273 Fiduciary liabilities227 239 Total Current Liabilities901 892 Deferred tax liabilities22 22 Long-term debt, net1,999 2,000 Long-term tax receivable agreement578 757 Financial instruments29 51 Other liabilities151 158 Total Liabilities$3,680 $3,880 Commitments and ContingenciesStockholders' EquityPreferred stock at $0.0001 par value: 1.0 shares authorized, none issued and outstanding$— $— Class A Common Stock: $0.0001 par value, 1,000.0 shares authorized; 563.9 and 560.5 shares issued, and 531.9 and 531.7 shares outstanding as of March 31, 2025 and December 31, 2024, respectively— — Class B Common Stock: $0.0001 par value, 20.0 shares authorized; 10.0 and 10.0 issued and outstanding as of March 31, 2025 and December 31, 2024, respectively— — Class V Common Stock: $0.0001 par value, 175.0 shares authorized; 0.5 and 0.5 issued and outstanding as of March 31, 2025 and December 31, 2024, respectively— — Class Z Common Stock: $0.0001 par value, 12.9 shares authorized; 0.0 and 0.0 issued