← Alight, Inc. / Delaware

Annual Trend FY 2019 FY 2020 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) From Continuing Operations — — ($140.0m) ($317.0m) ($140.0m) ($3.1b)
Net Income — — ($62.0m) ($345.0m) ($157.0m) ($3.1b)
Net Income From Continuing Operations — — ($140.0m) ($317.0m) ($140.0m) ($3.1b)
Net Income (Loss) Attributable to Parent — — ($62.0m) ($345.0m) ($157.0m) ($3.1b)
Cash provided by operating activities - continuing operations $268.0m $233.0m $238.0m $247.0m $193.0m $360.0m
Cash provided by operating activities - discontinued operations $268.0m $233.0m $48.0m $139.0m $59.0m $0
Cash provided by (used in) investing activities - continuing operations — — ($218.0m) ($139.0m) $847.0m ($123.0m)
Cash used in investing activities - discontinued operations — — ($17.0m) ($20.0m) ($11.0m) $0
Cash used for financing activities - continuing operations — — ($184.0m) ($144.0m) ($1.1b) ($298.0m)
Cash provided by (used in) financing activities - discontinued operations — — $238.0m ($87.0m) $22.0m $0
Effect of exchange rate changes on cash, cash equivalents and restricted cash - continuing operations — — ($6.0m) $0 $1.0m $0
Effect of exchange rate changes on cash, cash equivalents and restricted cash - discontinued operations — — $8.0m $4.0m ($3.0m) $0
Continuing operations - beginning of year — $496k $482.0m $558.0m $582.0m $521.0m
Discontinued operations - beginning of year — — $1.3b $1.2b $0 $0
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest — — ($72.0m) ($362.0m) ($159.0m) ($3.1b)
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent — — — — ($138.0m) ($3.1b)
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest — — — — ($140.0m) ($3.1b)
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest — — — — ($19.0m) ($21.0m)
Net Income (Loss) Attributable to Noncontrolling Interest — — ($10.0m) ($17.0m) ($2.0m) ($2.0m)
Depreciation $68.0m $91.0m $79.0m $102.0m $115.0m $126.0m
Intangible asset amortization — — $316.0m $319.0m $280.0m $281.0m
Financing fee and premium amortization $18.0m $20.0m ($2.0m) ($2.0m) $0 $2.0m
Amortization Cash Flow — — $278.0m $281.0m $280.0m $281.0m
Amortization Of Intangibles — — $278.0m $281.0m $280.0m $281.0m
Depreciation Amortization Depletion — — $350.0m $373.0m $395.0m $407.0m
Depreciation and amortization $68.0m $91.0m $339.0m $339.0m $299.0m $296.0m
Amortization of Debt Issuance Costs and Discounts — — ($2.0m) ($2.0m) $0 $2.0m
Amortization of Intangible Assets — — $316.0m $319.0m $280.0m $281.0m
Deferred tax expense (benefit) — — $26.0m ($9.0m) ($19.0m) $8.0m
Deferred Income Tax — — ($47.0m) $108.0m $14.0m ($85.0m)
Deferred Tax — — ($47.0m) $108.0m $14.0m ($85.0m)
Deferred Income Tax Expense (Benefit) — — $26.0m ($9.0m) ($19.0m) $8.0m
Share-based compensation expense $9.0m $5.0m $181.0m $160.0m $76.0m $19.0m
Goodwill impairment — — $0 $148.0m $0 $3.1b
Asset Impairment Charge — — $0 $0 $0 $3.1b
Share-based Payment Arrangement, Noncash Expense — — $181.0m $160.0m $76.0m $19.0m
Payment, Tax Withholding, Share-based Payment Arrangement — — $8.0m $16.0m $59.0m $12.0m
Share-based Payment Arrangement, Expense — — — — — $12.0m
Goodwill, Impairment Loss — — — $148.0m — $3.1b
Right of use asset additions acquired through operating leases $58.0m $26.0m $11.0m $4.0m $8.0m $9.0m
Income Tax Expense (Benefit) — $148k $31.0m ($4.0m) ($8.0m) $16.0m
Interest Expense Nonoperating — — — — $103.0m $92.0m
Other Nonoperating Income (Expense) — — $16.0m ($6.0m) $22.0m $26.0m
Changes in operating assets and liabilities:
Additional Financial Items
Noncash lease expense $12.0m $30.0m $25.0m $19.0m $11.0m $7.0m
(Gain) loss from change in fair value of financial instruments — — ($38.0m) $10.0m ($57.0m) ($1.0m)
(Gain) Loss from change in fair value of tax receivable agreement — — ($41.0m) $118.0m $34.0m ($93.0m)
Release of unrecognized tax provision — — ($31.0m) ($1.0m) ($1.0m) $0
Other $5.0m $11.0m $1.0m $2.0m ($1.0m) $15.0m
Accounts receivable — — ($136.0m) ($25.0m) ($37.0m) $84.0m
Accounts payable and accrued liabilities ($61.0m) ($11.0m) $72.0m ($68.0m) $31.0m ($90.0m)
Other assets and liabilities $49.0m ($143.0m) ($94.0m) ($25.0m) ($99.0m) ($44.0m)
Net proceeds from sale of business — — $0 $0 $968.0m ($13.0m)
Net increase (decrease) in fiduciary liabilities $87.0m $263.0m $229.0m ($108.0m) $5.0m $9.0m
Repayments to banks ($120.0m) ($495.0m) ($141.0m) ($25.0m) ($765.0m) ($20.0m)
Principal payments on finance lease obligations ($13.0m) ($24.0m) ($30.0m) ($25.0m) ($27.0m) ($22.0m)
Payments on tax receivable agreements — — $0 ($7.0m) ($62.0m) ($100.0m)
Tax payment for shares/units withheld in lieu of taxes ($2.0m) — ($8.0m) ($16.0m) ($59.0m) ($12.0m)
Deferred and Contingent Consideration Payments — — ($85.0m) ($9.0m) $0 $0
Repurchase of shares — — ($12.0m) ($40.0m) ($167.0m) ($65.0m)
Less fiduciary cash transferred with sale of business — — $0 $0 $1.2b $0
Fixed asset additions acquired through finance leases $24.0m $62.0m $9.0m $12.0m $62.0m $8.0m
Cash Flow From Continuing Operating Activities $268.0m $233.0m $238.0m $247.0m $193.0m $360.0m
Beginning Cash Position — — $1.7b $1.8b $1.8b $582.0m
Cash Flow From Continuing Financing Activities — — ($184.0m) ($144.0m) ($1.1b) ($298.0m)
Cash Flow From Continuing Investing Activities — — ($218.0m) ($139.0m) $847.0m ($123.0m)
Cash From Discontinued Financing Activities — — $238.0m ($87.0m) $22.0m $0
Cash From Discontinued Investing Activities — — ($17.0m) ($20.0m) ($11.0m) $0
Change In Other Working Capital — — ($61.0m) $2.0m ($99.0m) ($44.0m)
Change In Payables And Accrued Expense — — $69.0m ($61.0m) $31.0m ($90.0m)
Change In Receivables — — ($74.0m) ($20.0m) ($37.0m) $84.0m
Change In Working Capital — — ($66.0m) ($79.0m) ($105.0m) ($50.0m)
Changes In Account Receivables — — ($74.0m) ($20.0m) ($37.0m) $84.0m
Changes In Cash — — $105.0m ($4.0m) $14.0m ($61.0m)
End Cash Position — — $482.0m $558.0m $582.0m $521.0m
Financing Cash Flow — — $54.0m ($231.0m) ($1.1b) ($298.0m)
Free Cash Flow — — $155.0m $246.0m $131.0m $250.0m
Investing Cash Flow — — ($235.0m) ($159.0m) $836.0m ($123.0m)
Net Business Purchase And Sale — — ($87.0m) $1.0m $968.0m ($13.0m)
Other Cash Adjustment Outside Changein Cash — — ($1.3b) ($1.2b) ($1.2b) $0
Other Non Cash Items — — $15.0m $13.0m $10.0m $24.0m
Purchase Of Business — — ($87.0m) — — ($13.0m)
Repurchase Of Capital Stock — — ($12.0m) ($40.0m) ($167.0m) ($65.0m)
Sale Of Business — — $0 $1.0m $968.0m $0
Stock Based Compensation — — $164.0m $139.0m $76.0m $19.0m
Unrealized Gain Loss On Investment Securities — — ($38.0m) $10.0m ($57.0m) ($1.0m)
Increase (Decrease) in Accounts Receivable — — — $25.0m $37.0m ($84.0m)
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal — — — — ($10.0m) —
Foreign Currency Transaction Gain (Loss), before Tax — — $1.0m ($10.0m) ($1.0m) ($1.0m)
Goodwill — — $3.7b $3.5b $3.2b $83.0m
Nonoperating Income (Expense) — — ($27.0m) ($265.0m) ($58.0m) $28.0m
Operating Expenses — — $1.0b $1.2b $884.0m $3.9b
Payments of Financing Costs — — $3.0m — — —
Restructuring Costs — — $63.0m $85.0m $63.0m $55.0m
Net cash provided by operating activities $268.0m $233.0m $286.0m $386.0m $252.0m $360.0m
Net Cash Provided by (Used in) Operating Activities $268.0m $233.0m $286.0m $386.0m $252.0m $360.0m
Cash flows from investing activities:
Capital expenditures ($77.0m) ($90.0m) ($148.0m) ($160.0m) ($121.0m) ($110.0m)
Capital Expenditure Reported — — ($131.0m) ($140.0m) ($121.0m) ($110.0m)
Payments to Acquire Property, Plant, and Equipment ($77.0m) ($90.0m) $148.0m $160.0m $121.0m $110.0m
Acquisition of businesses, net of cash acquired ($527.0m) ($52.0m) ($87.0m) $1.0m $0 $0
Payments to Acquire Businesses, Net of Cash Acquired — — $87.0m ($1.0m) $0 $0
Net cash provided by (used in) investing activities ($604.0m) ($142.0m) ($235.0m) ($159.0m) $836.0m ($123.0m)
Net Cash Provided by (Used in) Investing Activities ($604.0m) ($142.0m) ($235.0m) ($159.0m) $836.0m ($123.0m)
Cash flows from financing activities:
Issuance Of Debt — — $104.0m $0 $0 —
Long Term Debt Issuance — — $104.0m $0 $0 —
Net Issuance Payments Of Debt — — ($67.0m) ($50.0m) ($792.0m) ($42.0m)
Net Long Term Debt Issuance — — ($67.0m) ($50.0m) ($792.0m) ($42.0m)
Long Term Debt Payments — — ($171.0m) ($50.0m) ($792.0m) ($42.0m)
Repayment Of Debt — — ($171.0m) ($50.0m) ($792.0m) ($42.0m)
Net Common Stock Issuance — — ($12.0m) ($40.0m) ($167.0m) ($65.0m)
Common Stock Payments — — ($12.0m) ($40.0m) ($167.0m) ($65.0m)
Payments for Repurchase of Common Stock — — $12.0m $40.0m $167.0m $65.0m
Dividend payments — — $0 $0 ($21.0m) ($86.0m)
Cash Dividends Paid — — $0 $0 ($21.0m) ($86.0m)
Common Stock Dividend Paid — — $0 $0 ($21.0m) ($86.0m)
Dividends paid — — — — $21 $86
Other financing activities — ($10.0m) ($3.0m) ($1.0m) $0 ($2.0m)
Net Other Financing Charges — — ($105.0m) ($54.0m) ($116.0m) ($105.0m)
Proceeds from (Payments for) Other Financing Activities — — — ($1.0m) $0 ($2.0m)
Net Cash provided by (used in) financing activities $420.0m $463.0m $54.0m ($231.0m) ($1.1b) ($298.0m)
Net Cash Provided by (Used in) Financing Activities $420.0m $463.0m $54.0m ($231.0m) ($1.1b) ($298.0m)
Effect Of Exchange Rate Changes — — $2.0m $4.0m ($2.0m) $0
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — — $1.0m $0
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — $107.0m — $12.0m ($61.0m)
Net increase (decrease) in cash, cash equivalents and restricted cash $85.0m $551.0m $107.0m $0 $12.0m ($61.0m)
Cash and cash equivalents $218.0m $506.0m $250.0m $358.0m $343.0m $273.0m
Restricted cash included in fiduciary assets $767.0m $1.0b $1.5b $1.4b $239.0m $248.0m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — $496k — — $582.0m $521.0m
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — $107.0m $0 $12.0m ($61.0m)
Interest paid $204.0m $210.0m $126.0m $128.0m $108.0m $94.0m
Interest Paid, Excluding Capitalized Interest, Operating Activities $204.0m $210.0m $126.0m $128.0m $108.0m $94.0m
Income taxes paid $9.0m $19.0m $17.0m $46.0m $50.0m $36.0m
Income Taxes Paid, Net $9.0m $19.0m $17.0m $46.0m $50.0m $36.0m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.