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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities    
Net loss $ (13)  
Adjustments to reconcile net loss to net cash provided by operations:    
Depreciation 17 $ 24
Intangible amortization expense 79 50
Noncash lease expense 7  
Financing fee and premium amortization (1)  
Share-based compensation expense 33 2
Gain from change in fair value of financial instruments (13)  
Gain from change in fair value of tax receivable agreement (5)  
Other 3  
Change in assets and liabilities:    
Receivables (37)  
Accounts payable and accrued liabilities (82)  
Other assets and liabilities 31  
Cash provided by operating activities 19  
Cash flows from investing activities    
Capital expenditures (41)  
Cash used for investing activities (41)  
Cash flows from financing activities    
Net increase in fiduciary liabilities 327  
Borrowings from banks 54  
Financing fees (3)  
Repayments to banks (60)  
Principal payments on finance lease obligations (8)  
Settlements of interest rate swaps (4)  
Tax payment for shares/units withheld in lieu of taxes (1)  
Cash provided by financing activities 305  
Effect of exchange rate changes on cash, cash equivalents and restricted cash (2)  
Net increase in cash, cash equivalents and restricted cash 281  
Cash, cash equivalents and restricted cash at beginning of period 1,652  
Cash, cash equivalents and restricted cash at end of period 1,933  
Reconciliation of cash, cash equivalents, and restricted cash to the Consolidated Balance Sheets    
Cash and cash equivalents 326  
Restricted cash included in fiduciary assets 1,607  
Total cash, cash equivalents and restricted cash 1,933  
Supplemental disclosures:    
Interest paid 27  
Income taxes paid 1  
Supplemental disclosure of non-cash financing activities:    
Fixed asset additions acquired through finance leases 2  
Right of use asset additions acquired through operating leases $ 1  
Alight Holdings    
Cash flows from operating activities    
Net loss   (21)
Adjustments to reconcile net loss to net cash provided by operations:    
Depreciation   24
Intangible amortization expense   50
Noncash lease expense   4
Financing fee and premium amortization   5
Share-based compensation expense   2
Other   1
Change in assets and liabilities:    
Receivables   52
Accounts payable and accrued liabilities   (31)
Other assets and liabilities   (47)
Cash provided by operating activities   39
Cash flows from investing activities    
Capital expenditures   (27)
Cash used for investing activities   (27)
Cash flows from financing activities    
Net increase in fiduciary liabilities   179
Members' equity unit repurchase   (2)
Borrowings from banks   54
Repayments to banks   (62)
Principal payments on finance lease obligations   (6)
Settlements of interest rate swaps   (7)
Contingent consideration payments   (1)
Cash provided by financing activities   155
Effect of exchange rate changes on cash, cash equivalents and restricted cash   1
Net increase in cash, cash equivalents and restricted cash   168
Cash, cash equivalents and restricted cash at beginning of period   1,536
Cash, cash equivalents and restricted cash at end of period   1,704
Reconciliation of cash, cash equivalents, and restricted cash to the Consolidated Balance Sheets    
Cash and cash equivalents   495
Restricted cash included in fiduciary assets   1,209
Total cash, cash equivalents and restricted cash   1,704
Supplemental disclosures:    
Interest paid   31
Income taxes paid   3
Supplemental disclosure of non-cash financing activities:    
Fixed asset additions acquired through finance leases   1
Right of use asset additions acquired through operating leases   $ (3)