Alight Inc (NYSE:ALIT)
Alight Inc
NYSE:ALIT
Income Statement
Currency: USD
| Mar-2022 | Dec-2021 | Sep-2021 | Jun-2021 | Mar-2021 | Dec-2020 | ||
|---|---|---|---|---|---|---|---|
| Revenue | |||||||
| Revenue |
2 951
+1%
|
2 915
-39%
|
4 779
+17%
|
4 089
+1%
|
4 064
0%
|
4 068
N/A
|
|
| Gross Profit | |||||||
| Cost of Revenue |
(1 979)
|
(1 948)
|
(3 272)
|
(2 820)
|
(2 825)
|
(2 829)
|
|
| Gross Profit |
972
+1%
|
967
-36%
|
1 507
+19%
|
1 269
+2%
|
1 239
N/A
|
1 239
N/A
|
|
| Operating Income | |||||||
| Operating Expenses |
(810)
|
(752)
|
(1 052)
|
(861)
|
(843)
|
(830)
|
|
| Selling, General & Administrative |
(506)
|
(478)
|
(637)
|
(524)
|
(505)
|
(491)
|
|
| Depreciation & Amortization |
(304)
|
(274)
|
(415)
|
(337)
|
(338)
|
(339)
|
|
| Operating Income |
162
-25%
|
215
-53%
|
455
+12%
|
408
+3%
|
396
-3%
|
409
N/A
|
|
| Pre-Tax Income | |||||||
| Interest Income Expense |
(199)
|
(245)
|
(475)
|
(357)
|
(349)
|
(345)
|
|
| Non-Reccuring Items |
(43)
|
(48)
|
(181)
|
(159)
|
(185)
|
(206)
|
|
| Total Other Income |
39
|
25
|
(43)
|
(16)
|
(10)
|
(3)
|
|
| Pre-Tax Income |
(41)
+23%
|
(53)
+78%
|
(244)
-97%
|
(124)
+16%
|
(148)
-2%
|
(145)
N/A
|
|
| Net Income | |||||||
| Tax Provision |
(24)
|
(20)
|
0
|
(4)
|
(1)
|
(4)
|
|
| Income from Continuing Operations |
(65)
|
(73)
|
(248)
|
(128)
|
(149)
|
(149)
|
|
| Income to Minority Interest |
15
|
0
|
13
|
0
|
0
|
0
|
|
| Net Income (Common) |
(50)
+17%
|
(60)
+74%
|
(235)
-84%
|
(128)
+14%
|
(149)
N/A
|
(149)
N/A
|
|
Balance Sheet
Currency: USD
| Mar-2022 | Dec-2021 | Sep-2021 | Jun-2021 | Mar-2021 | Dec-2020 | Sep-2020 | Jun-2020 | ||
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Cash & Cash Equivalents |
326
|
372
|
769
|
460
|
0
|
0
|
1
|
1
|
|
| Cash |
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
|
| Cash Equivalents |
326
|
372
|
769
|
460
|
0
|
0
|
0
|
0
|
|
| Total Receivables |
641
|
663
|
540
|
518
|
0
|
0
|
0
|
0
|
|
| Accounts Receivables |
641
|
663
|
540
|
518
|
0
|
0
|
0
|
0
|
|
| Other Receivables |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Other Current Assets |
1 766
|
1 434
|
1 605
|
1 148
|
0
|
0
|
0
|
0
|
|
| Total Current Assets |
2 733
|
2 469
|
2 914
|
2 126
|
0
|
1
|
1
|
2
|
|
| PP&E Net |
363
|
356
|
363
|
467
|
0
|
0
|
0
|
0
|
|
| PP&E Gross |
0
|
356
|
363
|
467
|
0
|
0
|
0
|
0
|
|
| Accumulated Depreciation |
0
|
31
|
14
|
260
|
0
|
0
|
0
|
0
|
|
| Intangible Assets |
4 090
|
4 170
|
4 004
|
1 634
|
0
|
0
|
0
|
0
|
|
| Note Receivable |
28
|
34
|
33
|
28
|
0
|
0
|
0
|
0
|
|
| Long-Term Investments |
0
|
0
|
0
|
1 036
|
1 036
|
1 036
|
1 036
|
1 035
|
|
| Other Long-Term Assets |
380
|
321
|
287
|
293
|
0
|
0
|
0
|
0
|
|
| Other Assets |
3 627
|
3 638
|
3 356
|
2 250
|
0
|
0
|
0
|
0
|
|
| Total Assets |
11 221
+2%
|
10 988
+0%
|
10 957
+61%
|
6 798
+556%
|
1 036
0%
|
1 037
+0%
|
1 036
0%
|
1 037
N/A
|
|
| Liabilities | |||||||||
| Accrued Liabilities |
45
|
44
|
53
|
54
|
6
|
3
|
0
|
1
|
|
| Short-Term Debt |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Current Portion of Long-Term Debt |
66
|
65
|
71
|
65
|
0
|
0
|
0
|
0
|
|
| Other Current Liabilities |
1 930
|
1 610
|
1 676
|
1 237
|
0
|
0
|
0
|
0
|
|
| Total Current Liabilities |
2 360
|
2 125
|
2 148
|
1 692
|
6
|
3
|
0
|
1
|
|
| Long-Term Debt |
2 847
|
2 864
|
2 879
|
4 079
|
0
|
0
|
0
|
0
|
|
| Deferred Income Tax |
52
|
36
|
3
|
0
|
0
|
0
|
0
|
0
|
|
| Minority Interest |
780
|
788
|
825
|
0
|
0
|
0
|
0
|
0
|
|
| Other Liabilities |
978
|
1 035
|
1 249
|
336
|
137
|
218
|
36
|
36
|
|
| Total Liabilities |
7 017
+2%
|
6 848
-4%
|
7 104
+16%
|
6 107
+4 178%
|
143
-35%
|
221
+506%
|
36
-1%
|
37
N/A
|
|
| Equity | |||||||||
| Common Stock |
0
|
0
|
0
|
864
|
889
|
811
|
995
|
995
|
|
| Retained Earnings |
107
|
96
|
168
|
152
|
36
|
114
|
0
|
0
|
|
| Additional Paid In Capital |
4 267
|
4 228
|
4 024
|
66
|
41
|
119
|
5
|
5
|
|
| Unrealized Security Profit/Loss |
47
|
8
|
1
|
24
|
0
|
0
|
0
|
0
|
|
| Other Equity |
3
|
0
|
2
|
867
|
0
|
0
|
0
|
0
|
|
| Total Equity |
4 204
+2%
|
4 140
+7%
|
3 853
+458%
|
691
-23%
|
894
+10%
|
816
-18%
|
1 000
+0%
|
1 000
N/A
|
|
| Total Liabilities & Equity |
11 221
+2%
|
10 988
+0%
|
10 957
+61%
|
6 798
+556%
|
1 036
0%
|
1 037
+0%
|
1 036
0%
|
1 037
N/A
|
|
| Shares Outstanding | |||||||||
| Common Shares Outstanding |
557M
|
557M
|
540M
|
547M
|
129M
|
129M
|
129M
|
129M
|
|
Cash Flow Statement
Currency: USD
| Mar-2022 | Dec-2021 | Sep-2021 | Jun-2021 | Mar-2021 | ||
|---|---|---|---|---|---|---|
| Operating Cash Flow | ||||||
| Net Income |
(164)
|
(73)
|
(248)
|
(82)
|
(25)
|
|
| Depreciation & Amortization |
429
|
333
|
528
|
440
|
0
|
|
| Other Non-Cash Items |
245
|
140
|
229
|
60
|
(15)
|
|
| Cash Taxes Paid |
14
|
13
|
28
|
24
|
19
|
|
| Cash Interest Paid |
551
|
524
|
348
|
322
|
210
|
|
| Change in Working Capital |
(376)
|
(285)
|
(224)
|
(5)
|
(18)
|
|
| Cash from Operating Activities |
134
+17%
|
115
-60%
|
284
+5%
|
271
+16%
|
233
N/A
|
|
| Investing Cash Flow | ||||||
| Capital Expenditures |
(155)
|
(114)
|
(172)
|
(145)
|
0
|
|
| Other Items |
0
|
(1 793)
|
(411)
|
0
|
0
|
|
| Cash from Investing Activities |
(1 948)
-2%
|
(1 907)
-227%
|
(583)
-281%
|
(153)
N/A
|
0
N/A
|
|
| Financing Cash Flow | ||||||
| Net Issuance of Common Stock |
0
|
(2)
|
(1 042)
|
(2)
|
0
|
|
| Net Issuance of Debt |
451
|
465
|
741
|
229
|
0
|
|
| Other |
2 192
|
1 873
|
2 289
|
143
|
0
|
|
| Cash from Financing Activities |
2 641
+13%
|
2 336
+18%
|
1 988
+2 085%
|
91
N/A
|
0
N/A
|
|
| Change in Cash | ||||||
| Effect of Foreign Exchange Rates |
9
|
11
|
1
|
0
|
0
|
|
| Net Change in Cash |
836
+51%
|
555
-67%
|
1 690
+709%
|
209
-62%
|
551
N/A
|
|
| Free Cash Flow | ||||||
| Free Cash Flow |
(21)
N/A
|
1
-99%
|
112
-11%
|
126
-46%
|
233
N/A
|
|
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