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Consolidated Statements of Comprehensive Income (Loss) - USD ($)
$ in Millions
6 Months Ended 12 Months Ended
Dec. 31, 2021
Jun. 30, 2021
Dec. 31, 2023
Dec. 31, 2022
Revenue $ 1,554   $ 3,410 $ 3,132
Cost of services, exclusive of depreciation and amortization 1,001   2,188 2,080
Depreciation and amortization 21   82 56
Gross Profit 532   1,140 996
Operating Expenses        
Selling, general and administrative 304   754 671
Depreciation and intangible amortization 163   339 339
Goodwill impairment     148  
Total Operating expenses 467   1,241 1,010
Operating Income (Loss) 65   (101) (14)
Other (Income) Expense        
(Gain) Loss from change in fair value of financial instruments 65   10 (38)
(Gain) loss from change in fair value of tax receivable agreement (37)   118 (41)
Interest expense 57   131 122
Other (income) expense, net 3   6 (16)
Total Other (income) expense, net 88   265 27
Income (Loss) Before Taxes (23)   (366) (41)
Income tax expense (benefit) 25   (4) 31
Net Income (Loss) (48)   (362) (72)
Net income (loss) attributable to noncontrolling interests (13)   (17) (10)
Net Income (Loss) Attributable to Alight, Inc. $ (35)   $ (345) $ (62)
Earnings Per Share        
Basic (net loss) earnings per share $ (0.08)   $ (0.7) $ (0.14)
Diluted (net loss) earnings per share $ (0.08)   $ (0.7) $ (0.14)
Other comprehensive income (loss), net of tax:        
Change in fair value of derivatives $ 9   $ (42) $ 114
Foreign currency translation adjustments     9 (14)
Total Other comprehensive income (loss), net of tax: 9   (33) 100
Comprehensive Income (Loss) Before Noncontrolling Interests (39)   (395) 28
Comprehensive income (loss) attributable to noncontrolling interests (12)   (26) 3
Comprehensive Income (Loss) Attributable to Alight, Inc. (27)   (369) 25
Alight Holdings        
Revenue 1,554 $ 1,361    
Cost of services, exclusive of depreciation and amortization   888    
Depreciation and amortization   38    
Gross Profit   435    
Operating Expenses        
Selling, general and administrative 304 222 754 671
Depreciation and intangible amortization 163 111 339 339
Goodwill impairment 0 0 148 0
Total Operating expenses   333    
Operating Income (Loss) 65 102 (101) (14)
Other (Income) Expense        
(Gain) Loss from change in fair value of financial instruments 65 0 10 (38)
(Gain) loss from change in fair value of tax receivable agreement (37) 0 118 (41)
Interest expense 57 123 131 122
Other (income) expense, net 3 9 6 (16)
Total Other (income) expense, net   132    
Income (Loss) Before Taxes $ (23) (30) $ (366) $ (41)
Income tax expense (benefit)   (5)    
Net Income (Loss)   (25)    
Net Income (Loss) Attributable to Alight, Inc.   (25)    
Other comprehensive income (loss), net of tax:        
Change in fair value of derivatives   23    
Foreign currency translation adjustments   8    
Total Other comprehensive income (loss), net of tax:   31    
Comprehensive Income (Loss) Before Noncontrolling Interests   6    
Comprehensive Income (Loss) Attributable to Alight, Inc.   $ 6