Alight Inc Delaware
For the period ended Sep 30, 2024. Filed Nov 12, 2024.
View on SEC.govAbout this filing
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.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited)
Condensed Consolidated Statements of Comprehensive Income (Loss)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| (in millions, except per share amounts) | 2024 | 2023 | 2024 | 2023 |
| Revenue | $555 | $557 | $1,652 | $1,704 |
| Cost of services, exclusive of depreciation and amortization | 358 | 372 | 1,059 | 1,110 |
| Depreciation and amortization | 23 | 19 | 70 | 54 |
| Gross Profit | 174 | 166 | 523 | 540 |
| Operating Expenses | ||||
| Selling, general and administrative | 142 | 136 | 434 | 436 |
| Depreciation and intangible amortization | 74 | 75 | 223 | 225 |
| Total Operating expenses | 216 | 211 | 657 | 661 |
| Operating Income (Loss) From Continuing Operations | (42) | (45) | (134) | (121) |
| Other (Income) Expense | ||||
| (Gain) Loss from change in fair value of financial instruments | (23) | (36) | (54) | (11) |
| (Gain) Loss from change in fair value of tax receivable agreement | 27 | 11 | 51 | 30 |
| Interest expense | 19 | 34 | 83 | 100 |
| Other (income) expense, net | (12) | — | (11) | 1 |
| Total Other (income) expense, net | 11 | 9 | 69 | 120 |
| Income (Loss) From Continuing Operations Before Taxes | (53) | (54) | (203) | (241) |
| Income tax expense (benefit) | (9) | (14) | (34) | (45) |
| Net Income (Loss) From Continuing Operations | (44) | (40) | (169) | (196) |
| Net Income (Loss) From Discontinued Operations (including gain on disposal of $4 million), Net of Tax | (30) | (6) | 2 | 4 |
| Net Income (Loss) | (74) | (46) | (167) | (192) |
| Net income (loss) attributable to noncontrolling interests | — | 2 | (2) | (9) |
| Net Income (Loss) Attributable to Alight, Inc. | $(74) | $(48) | $(165) | $(183) |
| Earnings Per Share | ||||
| Basic and Diluted | ||||
| Continuing operations | $(0.08) | $(0.09) | $(0.31) | $(0.39) |
| Discontinued operations | $(0.06) | $(0.01) | $— | $0.01 |
| Net Income (Loss) | $(0.14) | $(0.10) | $(0.31) | $(0.38) |
| Net Income (Loss) | $(74) | $(46) | $(167) | $(192) |
| Other comprehensive income (loss), net of tax: | ||||
| Change in fair value of derivatives | (30) | (2) | (35) | (8) |
| Foreign currency translation adjustments | 13 | (3) | 8 | 3 |
| Total Other comprehensive income (loss), net of tax: | (17) | (5) | (27) | (5) |
| Comprehensive Income (Loss) Before Noncontrolling Interests | (91) | (51) | (194) | (197) |
| Comprehensive income (loss) attributable to noncontrolling interests | — | 1 | (6) | (15) |
| Comprehensive Income (Loss) Attributable to Alight, Inc. | $(91) | $(52) | $(188) | $(182) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.