Alight Inc Delaware
For the period ended Sep 30, 2024. Filed Nov 12, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 12, 2024
ALIT$12.21-3.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows (Unaudited)
Condensed Consolidated Statements of Cash Flows
| Nine Months Ended September 30, | ||
|---|---|---|
| (in millions) | 2024 | 2023 |
| Operating activities: | ||
| Net Income (Loss) From Continuing Operations | $(169) | $(196) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Depreciation | 83 | 69 |
| Intangible asset amortization | 210 | 210 |
| Noncash lease expense | 9 | 10 |
| Financing fee and premium amortization | (1) | (2) |
| Share-based compensation expense | 59 | 93 |
| (Gain) loss from change in fair value of financial instruments | (54) | (11) |
| (Gain) loss from change in fair value of tax receivable agreement | 51 | 30 |
| Release of unrecognized tax provision | (1) | (1) |
| Deferred tax expense (benefit) | (75) | 34 |
| Other | (4) | 7 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (19) | 11 |
| Accounts payable and accrued liabilities | 11 | (76) |
| Other assets and liabilities | (25) | 48 |
| Cash provided by operating activities - continuing operations | 75 | 226 |
| Cash provided by operating activities - discontinued operations | 59 | 25 |
| Net cash provided by operating activities | $134 | $251 |
| Investing activities: | ||
| Net proceeds from sale of business | 972 | — |
| Capital expenditures | (95) | (114) |
| Cash provided by (used in) investing activities - continuing operations | 877 | (114) |
| Cash used in investing activities - discontinued operations | (11) | (13) |
| Net cash provided by (used in) investing activities | $866 | $(127) |
| Financing activities: | ||
| Net increase (decrease) in fiduciary liabilities | 28 | (36) |
| Repayments to banks | (759) | (19) |
| Principal payments on finance lease obligations | (22) | (17) |
| Payments on tax receivable agreements | (62) | (7) |
| Tax payment for shares/units withheld in lieu of taxes | (58) | (8) |
| Deferred and contingent consideration payments | — | (9) |
| Repurchase of shares | (155) | (40) |
| Other financing activities | — | 1 |
| Cash used for financing activities - continuing operations | (1,028) | (135) |
| Cash provided by (used in) financing activities - discontinued operations | 22 | (154) |
| Net Cash provided by (used in) financing activities | $(1,006) | $(289) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash - continuing operations | 1 | — |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash - discontinued operations | (3) | 1 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | (8) | (164) |
| Cash, cash equivalents and restricted cash balances from: | ||
| Continuing operations - beginning of year | $558 | $482 |
| Discontinued operations - beginning of year(a) | 1,201 | 1,277 |
| Less discontinued operations - end of period(a) | — | 1,126 |
| Less fiduciary cash transferred with sale of business | 1,189 | — |
| Continuing operations - end of period | $562 | $469 |
| (a)Reported as discontinued operations on our condensed consolidated balance sheets. | ||
| Reconciliation of cash, cash equivalents, and restricted cash to the Condensed Consolidated Balance Sheets | ||
| Cash and cash equivalents | $300 | $250 |
| Restricted cash included in fiduciary assets | 262 | 219 |
| Total cash, cash equivalents and restricted cash | $562 | $469 |
| Supplemental disclosure of non-cash investing and financing activities: | ||
| Fixed asset additions acquired through finance leases | $52 | $4 |
| Right of use asset additions acquired through operating leases | 8 | 3 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.