Foley Trasimene Acquisition Corp(:WPF)

Foley Trasimene Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company focuses on identifying a prospective target busin...
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At a glance:
Bull Thesis:
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Income Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-09-30 | 2020-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenue | 534,000,000 | 653,000,000 | 533,000,000 | 528,000,000 | 548,000,000 | 680,000,000 | 555,000,000 | 538,000,000 | 586,000,000 | 960,000,000 | 750,000,000 | 715,000,000 | 725,000,000 | 942,000,000 | 690,000,000 | 672,000,000 | 689,000,000 | 720,000,000 | 668,000,000 | ||||
yoy | -2.55% | -3.97% | -3.96% | -1.86% | -6.48% | -29.17% | -26.00% | -24.76% | -19.17% | 1.91% | 8.70% | 6.40% | 5.22% | 30.83% | 3.29% | ||||||||
qoq | -18.22% | 22.51% | 0.95% | -3.65% | -19.41% | 22.52% | 3.16% | -8.19% | -38.96% | 28.00% | 4.90% | -1.38% | -23.04% | 36.52% | 2.68% | -2.47% | -4.31% | 7.78% | |||||
cost of services, exclusive of depreciation and amortization | 347,000,000 | 383,000,000 | 327,000,000 | 325,000,000 | 351,000,000 | 383,000,000 | 358,000,000 | 345,000,000 | 382,000,000 | 570,000,000 | 523,000,000 | 483,000,000 | 491,000,000 | 583,000,000 | 442,000,000 | 436,000,000 | 452,000,000 | 500,000,000 | 423,000,000 | ||||
depreciation and amortization | 31,000,000 | 30,000,000 | 28,000,000 | 27,000,000 | 26,000,000 | 26,000,000 | 23,000,000 | 26,000,000 | 17,000,000 | 21,000,000 | 15,000,000 | 13,000,000 | 11,000,000 | 17,000,000 | 10,000,000 | 19,000,000 | 19,000,000 | 18,000,000 | 18,000,000 | ||||
gross profit | 156,000,000 | 240,000,000 | 178,000,000 | 176,000,000 | 171,000,000 | 271,000,000 | 174,000,000 | 167,000,000 | 187,000,000 | 369,000,000 | 212,000,000 | 219,000,000 | 223,000,000 | 342,000,000 | 238,000,000 | 217,000,000 | 218,000,000 | 202,000,000 | 227,000,000 | ||||
yoy | -8.77% | -11.44% | 2.30% | 5.39% | -8.56% | -26.56% | -17.92% | -23.74% | -16.14% | 7.89% | -10.92% | 0.92% | 2.29% | 69.31% | 4.85% | ||||||||
qoq | -35.00% | 34.83% | 1.14% | 2.92% | -36.90% | 55.75% | 4.19% | -10.70% | -49.32% | 74.06% | -3.20% | -1.79% | -34.80% | 43.70% | 9.68% | -0.46% | 7.92% | -11.01% | |||||
gross margin % | 29.21% | 36.75% | 33.40% | 33.33% | 31.20% | 39.85% | 31.35% | 31.04% | 31.91% | 38.44% | 28.27% | 30.63% | 30.76% | 36.31% | 34.49% | 32.29% | 31.64% | 28.06% | 33.98% | NaN% | NaN% | NaN% | NaN% |
operating expenses | |||||||||||||||||||||||
selling, general and administrative | 105,000,000 | 114,000,000 | 87,000,000 | 130,000,000 | 104,000,000 | 151,000,000 | 142,000,000 | 146,000,000 | 151,000,000 | 199,000,000 | 178,000,000 | 157,000,000 | 140,000,000 | 196,000,000 | 135,000,000 | 105,000,000 | 117,000,000 | 97,000,000 | 128,000,000 | ||||
depreciation and intangible amortization | 73,000,000 | 73,000,000 | 75,000,000 | 73,000,000 | 75,000,000 | 76,000,000 | 74,000,000 | 73,000,000 | 76,000,000 | 85,000,000 | 84,000,000 | 85,000,000 | 85,000,000 | 85,000,000 | 78,000,000 | 56,000,000 | 55,000,000 | 56,000,000 | 57,000,000 | ||||
total operating expenses | 178,000,000 | 990,000,000 | 1,500,000,000 | 1,186,000,000 | 179,000,000 | 227,000,000 | 216,000,000 | 219,000,000 | 227,000,000 | 432,000,000 | 262,000,000 | 242,000,000 | 225,000,000 | 281,000,000 | 213,000,000 | 161,000,000 | 172,000,000 | 153,000,000 | 185,000,000 | ||||
operating income from continuing operations | -22,000,000 | -750,000,000 | -1,322,000,000 | -1,010,000,000 | -8,000,000 | 44,000,000 | -42,000,000 | -52,000,000 | -40,000,000 | ||||||||||||||
other expense | -1,000,000 | -8,000,000 | -7,000,000 | -11,000,000 | -11,000,000 | -12,000,000 | 1,000,000 | -3,000,000 | -6,000,000 | -7,000,000 | -1,000,000 | -2,000,000 | 1,000,000 | 8,000,000 | 8,000,000 | 3,000,000 | |||||||
loss from change in fair value of financial instruments | -2,000,000 | -19,000,000 | 28,000,000 | -8,000,000 | -3,000,000 | -23,000,000 | -52,000,000 | 25,000,000 | 21,000,000 | 10,000,000 | -50,000,000 | -13,000,000 | 15,000,000 | 90,000,000 | |||||||||
loss from change in fair value of tax receivable agreement | -19,000,000 | -59,000,000 | -66,000,000 | 23,000,000 | 9,000,000 | -17,000,000 | 27,000,000 | -31,000,000 | 8,000,000 | 88,000,000 | -20,000,000 | -38,000,000 | -5,000,000 | 22,000,000 | 27,000,000 | ||||||||
interest expense | 24,000,000 | 24,000,000 | 24,000,000 | 22,000,000 | 22,000,000 | 20,000,000 | 19,000,000 | 33,000,000 | 33,000,000 | 31,000,000 | 31,000,000 | 29,000,000 | 29,000,000 | 33,000,000 | 28,000,000 | 61,000,000 | 62,000,000 | 62,000,000 | 61,000,000 | ||||
total other expense | 4,000,000 | -37,000,000 | -69,000,000 | 66,000,000 | 12,000,000 | -11,000,000 | 11,000,000 | -50,000,000 | 67,000,000 | 137,000,000 | 15,000,000 | -66,000,000 | 10,000,000 | 68,000,000 | 145,000,000 | 62,000,000 | 70,000,000 | 70,000,000 | 64,000,000 | ||||
income from continuing operations before taxes | -26,000,000 | -713,000,000 | -1,253,000,000 | -1,076,000,000 | -20,000,000 | 55,000,000 | -53,000,000 | -2,000,000 | -107,000,000 | ||||||||||||||
income tax expense | -7,000,000 | 220,000,000 | -198,000,000 | -3,000,000 | -3,000,000 | 26,000,000 | -9,000,000 | 2,000,000 | -23,000,000 | -30,000,000 | -20,000,000 | -9,000,000 | 1,000,000 | -3,000,000 | -3,000,000 | 17,000,000 | |||||||
net income from continuing operations | -19,000,000 | -933,000,000 | -1,055,000,000 | -1,073,000,000 | -17,000,000 | 29,000,000 | -44,000,000 | -4,000,000 | -84,000,000 | ||||||||||||||
net income from discontinued operations, net of tax | 1,000,000 | -13,000,000 | -1,000,000 | 27,000,000 | 10,000,000 | ||||||||||||||||||
net income | -19,000,000 | -932,000,000 | -1,068,000,000 | -1,074,000,000 | -25,000,000 | 8,000,000 | -74,000,000 | 23,000,000 | -74,000,000 | -170,000,000 | -45,000,000 | 52,000,000 | -13,000,000 | -66,000,000 | -120,000,000 | -4,000,000 | -21,000,000 | -18,000,000 | -39,000,000 | -24,255,480 | 78,081,660 | 155,641 | -625 |
yoy | -24.00% | -11750.00% | 1343.24% | -4769.57% | -66.22% | -104.71% | 64.44% | -55.77% | 469.23% | 157.58% | -62.50% | -1400.00% | -38.10% | 266.67% | 207.69% | -83.51% | -126.89% | -11665.08% | 6239900.00% | ||||
qoq | -97.96% | -12.73% | -0.56% | 4196.00% | -412.50% | -110.81% | -421.74% | -131.08% | -56.47% | 277.78% | -186.54% | -500.00% | -80.30% | -45.00% | 2900.00% | -80.95% | 16.67% | -53.85% | 60.79% | -131.06% | 50067.80% | -25002.56% | |
net income margin % | -3.56% | -142.73% | -200.38% | -203.41% | -4.56% | 1.18% | -13.33% | 4.28% | -12.63% | -17.71% | -6.00% | 7.27% | -1.79% | -7.01% | -17.39% | -0.60% | -3.05% | -2.50% | -5.84% | -Infinity% | Infinity% | Infinity% | -Infinity% |
net income attributable to noncontrolling interests | -1,000,000 | -1,000,000 | -6,000,000 | -8,000,000 | -8,000,000 | 1,000,000 | -2,000,000 | ||||||||||||||||
net income attributable to alight, inc. | -19,000,000 | -932,000,000 | -1,067,000,000 | -1,073,000,000 | -25,000,000 | 8,000,000 | -74,000,000 | 23,000,000 | -68,000,000 | -162,000,000 | -37,000,000 | 51,000,000 | -11,000,000 | -65,000,000 | -107,000,000 | -4,000,000 | |||||||
earnings per share | |||||||||||||||||||||||
basic and diluted | |||||||||||||||||||||||
continuing operations | -0.04 | -1.78 | -2 | -2.03 | -0.03 | 0.06 | -0.08 | -0.01 | -0.16 | ||||||||||||||
discontinued operations | -0.02 | -0.02 | -0.06 | 0.05 | 0.02 | ||||||||||||||||||
other comprehensive income, net of tax: | |||||||||||||||||||||||
change in fair value of derivatives | 1 | -10 | -4 | -5 | -8 | -30 | -8 | -23 | -34 | 45 | 30 | 47 | -8 | -1 | 6 | 17 | 7 | 4 | |||||
foreign currency translation adjustments | -2 | -1 | 13 | -2 | 3 | 6 | -13 | -12 | -3 | 14 | -2 | 4 | 4 | 15 | 14 | ||||||||
total other comprehensive income, net of tax: | -1 | -10 | -4 | -5 | -8 | -1 | -17 | -10 | -20 | -28 | 32 | 18 | 44 | 6 | -3 | 10 | 21 | 22 | 18 | ||||
comprehensive income before noncontrolling interests | -20 | -942 | -1,072 | -1,079 | -33 | 7 | -91 | 13 | -94 | -198 | -13 | 70 | 31 | -60 | -123 | 6 | |||||||
comprehensive income attributable to noncontrolling interests | -1 | -1 | -12 | -11 | -2 | 2 | 6 | -3 | -13 | ||||||||||||||
comprehensive income attributable to alight, inc. | -20 | -942 | -1,071 | -1,078 | -33 | 7 | -91 | 13 | -82 | -187 | -11 | 68 | 25 | -57 | -110 | 6 | 4 | -21 | |||||
goodwill impairment | 803,000,000 | 1,338,000,000 | 983,000,000 | ||||||||||||||||||||
net income from discontinued operations (including loss on disposal of 7 million for the three months ended march 31, 2025), net of tax | -8,000,000 | ||||||||||||||||||||||
net income from discontinued operations (including gain on disposal of 4 million), net of tax | 500,000 | -30,000,000 | |||||||||||||||||||||
earnings per share | |||||||||||||||||||||||
basic | |||||||||||||||||||||||
discontinued operations | -0.02 | -0.02 | -0.06 | 0.05 | 0.02 | ||||||||||||||||||
diluted | |||||||||||||||||||||||
operating income | -63,000,000 | -50,000,000 | -23,000,000 | -2,000,000 | 61,000,000 | 25,000,000 | 56,000,000 | 46,000,000 | 49,000,000 | 42,000,000 | |||||||||||||
yoy | -203.28% | -300.00% | -141.07% | -104.35% | 24.49% | -40.48% | |||||||||||||||||
qoq | 26.00% | 117.39% | 1050.00% | -103.28% | 144.00% | -55.36% | 21.74% | -6.12% | 16.67% | ||||||||||||||
operating margin % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | -6.56% | -6.67% | -3.22% | -0.28% | 6.48% | 3.62% | 8.33% | 6.68% | 6.81% | 6.29% | NaN% | NaN% | NaN% | NaN% |
income before taxes | -200,000,000 | -65,000,000 | 43,000,000 | -12,000,000 | |||||||||||||||||||
earnings per share | |||||||||||||||||||||||
basic (net loss) earnings per share | -0.32 | -0.08 | 0.11 | -0.02 | -0.15 | -0.24 | |||||||||||||||||
diluted (net loss) earnings per share | -0.32 | -0.08 | 0.1 | -0.02 | -0.24 | ||||||||||||||||||
loss before income tax benefit | -8,500,000 | -120,000,000 | |||||||||||||||||||||
income tax benefit | -7,000,000 | -2,000,000 | |||||||||||||||||||||
net loss attributable to noncontrolling interests | -1,000,000 | -13,000,000 | |||||||||||||||||||||
gain from change in fair value of financial instruments | |||||||||||||||||||||||
gain from change in fair value of tax receivable agreement | |||||||||||||||||||||||
income before income tax benefit | -6,000,000 | ||||||||||||||||||||||
basic earnings per share | |||||||||||||||||||||||
diluted earnings per share | |||||||||||||||||||||||
loss before income tax expense | -24,000,000 | -18,250,000 | -22,000,000 | ||||||||||||||||||||
net loss attributable to alight, inc. | -21,000,000 | -21,250,000 | -39,000,000 | ||||||||||||||||||||
basic net loss per share | |||||||||||||||||||||||
diluted net loss per share | |||||||||||||||||||||||
comprehensive income before non-controlling interests | -31 | -21 | |||||||||||||||||||||
comprehensive loss attributable to noncontrolling interests | |||||||||||||||||||||||
formation and general and administrative expenses | 4,175,988 | 3,257,784 | 166,771 | 109,445 | |||||||||||||||||||
income from operations | -4,175,988 | -3,257,784 | -166,771 | -109,445 | |||||||||||||||||||
other income: | |||||||||||||||||||||||
interest earned on marketable securities held in trust account | 24,979 | 136,051 | 394,825 | 124,456 | |||||||||||||||||||
change in fair value of forward purchase liability | 4,970,490 | ||||||||||||||||||||||
change in fair value of warrant liability | -25,034,667 | ||||||||||||||||||||||
total other income | -20,039,198 | ||||||||||||||||||||||
income before provision for income taxes | -24,215,186 | 78,099,731 | 228,054 | 15,011 | |||||||||||||||||||
provision for income taxes | -40,294 | -18,071 | -72,413 | -15,636 | |||||||||||||||||||
weighted-average shares outstanding, class a redeemable common stock | 103,500,000 | ||||||||||||||||||||||
basic and diluted net income per share, class a | |||||||||||||||||||||||
weighted-average shares outstanding, class b non-redeemable common stock | 25,875,000 | ||||||||||||||||||||||
basic and diluted net income per share, class b | -0.94 | 3.02 | |||||||||||||||||||||
gain on change in fair value of fpa liability | 34,305,798 | ||||||||||||||||||||||
gain on change in fair value of warrant liability | 46,915,666 | ||||||||||||||||||||||
weighted-average shares outstanding of class a redeemable common stock | 103,500,000 | 103,500,000 | 103,500,000 | ||||||||||||||||||||
weighted-average shares outstanding of class b non-redeemable common stock | 25,875,000 | 25,875,000 | 25,875,000 | ||||||||||||||||||||
basic and diluted income per share, class a | |||||||||||||||||||||||
basic and diluted net loss per share, class b |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | ||||||||||||||||||||
current assets | ||||||||||||||||||||
cash and cash equivalents | 178,000,000 | 273,000,000 | 205,000,000 | 227,000,000 | 223,000,000 | 343,000,000 | 300,000,000 | 183,000,000 | 256,000,000 | 358,000,000 | 276,000,000 | 271,000,000 | 239,000,000 | 250,000,000 | 304,000,000 | 272,000,000 | 326,000,000 | 372,000,000 | 769,000,000 | |
receivables | 359,000,000 | 387,000,000 | 399,000,000 | 411,000,000 | 438,000,000 | 471,000,000 | 453,000,000 | 372,000,000 | 393,000,000 | 698,000,000 | 664,000,000 | 629,000,000 | 638,000,000 | 678,000,000 | 578,000,000 | 551,000,000 | 546,000,000 | 515,000,000 | 505,000,000 | |
other current assets | 205,000,000 | 234,000,000 | 175,000,000 | 160,000,000 | 174,000,000 | 214,000,000 | 186,000,000 | 210,000,000 | 217,000,000 | 319,000,000 | 290,000,000 | 297,000,000 | 312,000,000 | 379,000,000 | 270,000,000 | 260,000,000 | 254,000,000 | 302,000,000 | 172,000,000 | |
fiduciary assets | 239,000,000 | 248,000,000 | 227,000,000 | 215,000,000 | 227,000,000 | 239,000,000 | 262,000,000 | 217,000,000 | 250,000,000 | 1,401,000,000 | 1,319,000,000 | 1,291,000,000 | 1,387,000,000 | 1,509,000,000 | 1,354,000,000 | 1,354,000,000 | 1,607,000,000 | 1,280,000,000 | 1,468,000,000 | |
total current assets | 981,000,000 | 1,142,000,000 | 1,006,000,000 | 1,013,000,000 | 1,062,000,000 | 1,267,000,000 | 1,201,000,000 | 3,443,000,000 | 3,617,000,000 | 2,776,000,000 | 2,549,000,000 | 2,488,000,000 | 2,576,000,000 | 2,816,000,000 | 2,506,000,000 | 2,437,000,000 | 2,733,000,000 | 2,469,000,000 | 2,914,000,000 | 152,466 |
goodwill | 83,000,000 | 83,000,000 | 886,000,000 | 2,229,000,000 | 3,212,000,000 | 3,212,000,000 | 3,212,000,000 | 3,212,000,000 | 3,212,000,000 | 3,543,000,000 | 3,682,000,000 | 3,681,000,000 | 3,680,000,000 | 3,679,000,000 | 3,624,000,000 | 3,624,000,000 | 3,627,000,000 | 3,638,000,000 | 3,356,000,000 | |
intangible assets | 2,503,000,000 | 2,573,000,000 | 2,644,000,000 | 2,714,000,000 | 2,784,000,000 | 2,855,000,000 | 2,925,000,000 | 2,995,000,000 | 3,066,000,000 | 3,554,000,000 | 3,632,000,000 | 3,713,000,000 | 3,793,000,000 | 3,872,000,000 | 3,926,000,000 | 4,007,000,000 | 4,090,000,000 | 4,170,000,000 | 4,004,000,000 | |
fixed assets | 367,000,000 | 378,000,000 | 387,000,000 | 389,000,000 | 397,000,000 | 396,000,000 | 394,000,000 | 393,000,000 | 387,000,000 | 371,000,000 | 357,000,000 | 358,000,000 | 342,000,000 | 320,000,000 | 296,000,000 | 281,000,000 | 257,000,000 | 236,000,000 | 219,000,000 | |
deferred tax assets | 23,000,000 | 15,000,000 | 236,000,000 | 53,000,000 | 47,000,000 | 41,000,000 | 96,000,000 | 86,000,000 | 86,000,000 | 41,000,000 | 5,000,000 | 9,000,000 | 11,000,000 | 6,000,000 | 6,000,000 | 4,000,000 | 4,000,000 | 3,000,000 | 8,000,000 | |
other assets | 382,000,000 | 377,000,000 | 379,000,000 | 379,000,000 | 411,000,000 | 422,000,000 | 443,000,000 | 344,000,000 | 346,000,000 | 497,000,000 | 524,000,000 | 523,000,000 | 515,000,000 | 542,000,000 | 545,000,000 | 525,000,000 | 510,000,000 | 472,000,000 | 456,000,000 | |
total assets | 4,339,000,000 | 4,568,000,000 | 5,538,000,000 | 6,777,000,000 | 7,913,000,000 | 8,193,000,000 | 8,271,000,000 | 10,473,000,000 | 10,714,000,000 | 10,782,000,000 | 10,749,000,000 | 10,772,000,000 | 10,917,000,000 | 11,235,000,000 | 10,903,000,000 | 10,878,000,000 | 11,221,000,000 | 10,988,000,000 | 10,957,000,000 | 1,036,162,763 |
liabilities and stockholders' equity | ||||||||||||||||||||
liabilities | ||||||||||||||||||||
current liabilities | ||||||||||||||||||||
accounts payable and accrued liabilities | 215,000,000 | 253,000,000 | 248,000,000 | 280,000,000 | 296,000,000 | 355,000,000 | 334,000,000 | 249,000,000 | 278,000,000 | 444,000,000 | 428,000,000 | 385,000,000 | 392,000,000 | 508,000,000 | 404,000,000 | 349,000,000 | 319,000,000 | 406,000,000 | 348,000,000 | |
current portion of long-term debt | 20,000,000 | 20,000,000 | 20,000,000 | 20,000,000 | 20,000,000 | 25,000,000 | 25,000,000 | 329,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 31,000,000 | 31,000,000 | 31,000,000 | 40,000,000 | 38,000,000 | ||
other current liabilities | 219,000,000 | 353,000,000 | 334,000,000 | 355,000,000 | 358,000,000 | 273,000,000 | 305,000,000 | 261,000,000 | 282,000,000 | 317,000,000 | 312,000,000 | 324,000,000 | 335,000,000 | 300,000,000 | 257,000,000 | 271,000,000 | 394,000,000 | 401,000,000 | 289,000,000 | |
fiduciary liabilities | 239,000,000 | 248,000,000 | 227,000,000 | 215,000,000 | 227,000,000 | 239,000,000 | 262,000,000 | 217,000,000 | 250,000,000 | 1,401,000,000 | 1,319,000,000 | 1,291,000,000 | 1,387,000,000 | 1,509,000,000 | 1,354,000,000 | 1,354,000,000 | 1,607,000,000 | 1,280,000,000 | 1,468,000,000 | |
total current liabilities | 693,000,000 | 874,000,000 | 829,000,000 | 870,000,000 | 901,000,000 | 892,000,000 | 926,000,000 | 2,517,000,000 | 2,310,000,000 | 2,187,000,000 | 2,084,000,000 | 2,025,000,000 | 2,139,000,000 | 2,348,000,000 | 2,046,000,000 | 2,005,000,000 | 2,360,000,000 | 2,125,000,000 | 2,148,000,000 | 10,050,365 |
deferred tax liabilities | 15,000,000 | 14,000,000 | 11,000,000 | 22,000,000 | 22,000,000 | 22,000,000 | 31,000,000 | 32,000,000 | 32,000,000 | 32,000,000 | 63,000,000 | 43,000,000 | 34,000,000 | 60,000,000 | 44,000,000 | 33,000,000 | 52,000,000 | 36,000,000 | 3,000,000 | |
long-term debt | 1,980,000,000 | 1,985,000,000 | 1,990,000,000 | 1,995,000,000 | 1,999,000,000 | 2,000,000,000 | 2,006,000,000 | 2,451,000,000 | 2,762,000,000 | 2,769,000,000 | 2,776,000,000 | 2,784,000,000 | 2,791,000,000 | 2,792,000,000 | 2,801,000,000 | 2,809,000,000 | 2,818,000,000 | 2,830,000,000 | ||
long-term tax receivable agreement | 489,000,000 | 508,000,000 | 559,000,000 | 600,000,000 | 578,000,000 | 757,000,000 | 755,000,000 | 757,000,000 | 784,000,000 | 733,000,000 | 634,000,000 | 603,000,000 | 594,000,000 | 568,000,000 | 511,000,000 | 530,000,000 | ||||
other liabilities | 133,000,000 | 141,000,000 | 143,000,000 | 148,000,000 | 151,000,000 | 158,000,000 | 160,000,000 | 159,000,000 | 166,000,000 | 210,000,000 | 213,000,000 | 241,000,000 | 270,000,000 | 281,000,000 | 295,000,000 | 334,000,000 | 311,000,000 | 353,000,000 | 358,000,000 | |
total liabilities | 3,310,000,000 | 3,522,000,000 | 3,534,000,000 | 3,656,000,000 | 3,680,000,000 | 3,880,000,000 | 3,945,000,000 | 5,996,000,000 | 6,186,000,000 | 6,040,000,000 | 5,857,000,000 | 5,818,000,000 | 5,950,000,000 | 6,146,000,000 | 5,779,000,000 | 5,783,000,000 | 6,237,000,000 | 6,060,000,000 | 6,279,000,000 | 166,783,520 |
commitments and contingencies | ||||||||||||||||||||
stockholders' equity | ||||||||||||||||||||
preferred stock at 0.0001 par value: 1.0 shares authorized, none issued and outstanding | ||||||||||||||||||||
class a common stock: 0.0001 par value... | ||||||||||||||||||||
class b common stock: 0.0001 par value... | ||||||||||||||||||||
class v common stock: 0.0001 par value... | ||||||||||||||||||||
class z common stock: 0.0001 par value... | ||||||||||||||||||||
treasury stock | -284,000,000 | -284,000,000 | -284,000,000 | -259,000,000 | -239,000,000 | -219,000,000 | -207,000,000 | -132,000,000 | -52,000,000 | -52,000,000 | -52,000,000 | -26,000,000 | -22,000,000 | -12,000,000 | -12,000,000 | |||||
additional paid-in-capital | 5,068,000,000 | 5,065,000,000 | 5,081,000,000 | 5,101,000,000 | 5,114,000,000 | 5,141,000,000 | 5,149,000,000 | 5,134,000,000 | 5,113,000,000 | 4,946,000,000 | 4,823,000,000 | 4,734,000,000 | 4,690,000,000 | 4,514,000,000 | 4,366,000,000 | 4,311,000,000 | 4,267,000,000 | 4,228,000,000 | 4,024,000,000 | |
accumulated deficit | -3,776,000,000 | -3,757,000,000 | -2,825,000,000 | -1,758,000,000 | -685,000,000 | -60,606,470 | ||||||||||||||
accumulated other comprehensive income | 19,000,000 | 20,000,000 | 30,000,000 | 34,000,000 | 39,000,000 | 47,000,000 | 48,000,000 | 65,000,000 | 75,000,000 | 71,000,000 | 96,000,000 | 100,000,000 | 81,000,000 | 95,000,000 | 87,000,000 | 61,000,000 | 44,000,000 | 8,000,000 | ||
total alight, inc. stockholders' equity | 1,027,000,000 | 1,044,000,000 | 2,002,000,000 | 3,118,000,000 | 4,229,000,000 | 4,309,000,000 | 4,322,000,000 | 4,473,000,000 | 4,519,000,000 | 4,462,000,000 | 4,526,000,000 | 4,515,000,000 | 4,523,000,000 | |||||||
noncontrolling interest | 2,000,000 | 2,000,000 | 2,000,000 | 3,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 9,000,000 | 280,000,000 | 366,000,000 | 439,000,000 | 444,000,000 | 650,000,000 | 776,000,000 | 779,000,000 | 780,000,000 | 788,000,000 | 825,000,000 | |
total stockholders' equity | 1,029,000,000 | 1,046,000,000 | 2,004,000,000 | 3,121,000,000 | 4,233,000,000 | 4,313,000,000 | 4,326,000,000 | 4,477,000,000 | 4,528,000,000 | 4,742,000,000 | 4,892,000,000 | 4,954,000,000 | 4,967,000,000 | 5,089,000,000 | 5,124,000,000 | 5,095,000,000 | 4,984,000,000 | 4,928,000,000 | 4,678,000,000 | |
total liabilities and stockholders' equity | 4,339,000,000 | 4,568,000,000 | 5,538,000,000 | 6,777,000,000 | 7,913,000,000 | 8,193,000,000 | 8,271,000,000 | 10,473,000,000 | 10,714,000,000 | 10,782,000,000 | 10,749,000,000 | 10,772,000,000 | 10,917,000,000 | 11,235,000,000 | 10,903,000,000 | 10,878,000,000 | 11,221,000,000 | 10,988,000,000 | 10,957,000,000 | |
financial instruments | 2,000,000 | 21,000,000 | 29,000,000 | 51,000,000 | 67,000,000 | 80,000,000 | 132,000,000 | 109,000,000 | 87,000,000 | 122,000,000 | 122,000,000 | 97,000,000 | 82,000,000 | 72,000,000 | 122,000,000 | 135,000,000 | 326,000,000 | |||
current assets of discontinued operations | ||||||||||||||||||||
long-term assets of discontinued operations | ||||||||||||||||||||
current liabilities of discontinued operations | ||||||||||||||||||||
long-term liabilities of discontinued operations | ||||||||||||||||||||
retained deficit | -660,000,000 | -668,000,000 | -594,000,000 | -617,000,000 | -503,000,000 | -341,000,000 | -293,000,000 | -226,000,000 | -158,000,000 | -93,000,000 | -56,000,000 | -107,000,000 | -96,000,000 | -168,000,000 | ||||||
current assets held for sale | 2,461,000,000 | 2,501,000,000 | ||||||||||||||||||
long-term assets held for sale | ||||||||||||||||||||
current liabilities held for sale | 1,461,000,000 | 1,475,000,000 | ||||||||||||||||||
long-term liabilities held for sale | ||||||||||||||||||||
total current assets before fiduciary assets | 1,375,000,000 | 1,230,000,000 | 1,197,000,000 | 1,189,000,000 | 1,307,000,000 | 1,152,000,000 | 1,083,000,000 | 1,126,000,000 | 1,189,000,000 | 1,446,000,000 | ||||||||||
total current liabilities before fiduciary liabilities | 786,000,000 | 765,000,000 | 734,000,000 | 752,000,000 | 839,000,000 | 692,000,000 | 651,000,000 | 753,000,000 | 845,000,000 | 680,000,000 | ||||||||||
preferred stock at 0.0001 par value: 1,000,000 shares authorized, none issued and outstanding | ||||||||||||||||||||
class a common stock; 0.0001 par value... | ||||||||||||||||||||
class b common stock; 0.0001 par value... | ||||||||||||||||||||
class v common stock; 0.0001 par value... | ||||||||||||||||||||
class z common stock; 0.0001 par value... | ||||||||||||||||||||
total alight, inc. equity | 4,439,000,000 | 4,348,000,000 | 4,316,000,000 | 4,204,000,000 | 4,140,000,000 | 3,853,000,000 | ||||||||||||||
tax receivable agreement | 574,000,000 | 581,000,000 | 605,000,000 | |||||||||||||||||
class a common stock (successor); 0.0001 par value... | ||||||||||||||||||||
class b common stock (successor); 0.0001 par value... | ||||||||||||||||||||
class v common stock (successor); 0.0001 par value... | ||||||||||||||||||||
class z common stock (successor); 0.0001 par value... | ||||||||||||||||||||
members' equity | ||||||||||||||||||||
current portion of long term debt | 43,000,000 | |||||||||||||||||||
long term debt | 2,839,000,000 | |||||||||||||||||||
accumulated other comprehensive loss | -3,000,000 | |||||||||||||||||||
cash | 14,551 | |||||||||||||||||||
prepaid expenses | 137,915 | |||||||||||||||||||
investments held in trust account | 1,036,010,297 | |||||||||||||||||||
liabilities and stockholders’ equity | ||||||||||||||||||||
accrued expenses | 8,901,247 | |||||||||||||||||||
income taxes payable | 11,060 | |||||||||||||||||||
due to sponsor | 1,138,058 | |||||||||||||||||||
warrant liability | 105,507,333 | |||||||||||||||||||
forward purchase liability | 15,000,822 | |||||||||||||||||||
deferred underwriting fee payable | 36,225,000 | |||||||||||||||||||
class a common stock | 864,379,240 | |||||||||||||||||||
stockholders’ equity | ||||||||||||||||||||
preferred stock, 0.0001 par value... | ||||||||||||||||||||
class a common stock, 0.0001 par value... | 1,706 | |||||||||||||||||||
class b common stock, 0.00001 par value... | 2,588 | |||||||||||||||||||
additional paid-in capital | 65,602,179 | |||||||||||||||||||
total stockholders’ equity | 5,000,003 | |||||||||||||||||||
total liabilities and stockholders’ equity | 1,036,162,763 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-06-30 | 2022-03-31 | 2021-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
operating activities: | ||||||||||||||||
net income from continuing operations | -19,000,000 | -933,000,000 | -1,055,000,000 | -1,073,000,000 | -17,000,000 | 29,000,000 | -44,000,000 | |||||||||
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||
depreciation | 34,000,000 | 33,000,000 | 33,000,000 | 30,000,000 | 30,000,000 | 32,000,000 | 27,000,000 | 27,000,000 | 29,000,000 | 26,000,000 | 26,000,000 | 26,000,000 | 24,000,000 | 18,000,000 | 17,000,000 | 17,000,000 |
intangible asset amortization | 70,000,000 | 70,000,000 | 70,000,000 | 70,000,000 | 71,000,000 | 70,000,000 | 70,000,000 | 60,000,000 | 80,000,000 | 80,000,000 | 79,000,000 | 80,000,000 | 80,000,000 | |||
noncash lease expense | 2,000,000 | 2,000,000 | 0 | 3,000,000 | 2,000,000 | 2,000,000 | 3,000,000 | 1,000,000 | 5,000,000 | 4,000,000 | 4,000,000 | 5,000,000 | 6,000,000 | 6,000,000 | 7,000,000 | 5,000,000 |
share-based compensation expense | 4,000,000 | 5,000,000 | 3,000,000 | 5,000,000 | 6,000,000 | 17,000,000 | 11,000,000 | 20,000,000 | 28,000,000 | 50,000,000 | 35,000,000 | 38,000,000 | 37,000,000 | 42,000,000 | 33,000,000 | 52,000,000 |
loss from change in fair value of financial instruments | -2,000,000 | -19,000,000 | 28,000,000 | -8,000,000 | -3,000,000 | -23,000,000 | -52,000,000 | 21,000,000 | 21,000,000 | -36,000,000 | 0 | 25,000,000 | -25,000,000 | |||
loss from change in fair value of tax receivable agreement | -19,000,000 | -59,000,000 | -66,000,000 | 23,000,000 | 9,000,000 | -17,000,000 | 27,000,000 | -31,000,000 | 55,000,000 | 88,000,000 | 11,000,000 | 11,000,000 | 8,000,000 | |||
deferred tax expense | -7,000,000 | 205,000,000 | -189,000,000 | -4,000,000 | -4,000,000 | 56,000,000 | -36,000,000 | -9,000,000 | -30,000,000 | -39,000,000 | 32,000,000 | 5,000,000 | -7,000,000 | |||
other | 4,000,000 | 4,000,000 | 0 | 3,000,000 | -6,000,000 | -5,000,000 | 3,000,000 | 3,000,000 | 1,000,000 | 3,000,000 | ||||||
changes in operating assets and liabilities: | ||||||||||||||||
accounts receivable | 28,000,000 | 12,000,000 | 12,000,000 | 27,000,000 | 33,000,000 | -18,000,000 | -81,000,000 | 14,000,000 | 48,000,000 | -37,000,000 | -37,000,000 | 9,000,000 | 40,000,000 | |||
accounts payable and accrued liabilities | -38,000,000 | 6,000,000 | -20,000,000 | -16,000,000 | -60,000,000 | 20,000,000 | 86,000,000 | -12,000,000 | -63,000,000 | 11,000,000 | 47,000,000 | -9,000,000 | -117,000,000 | 33,000,000 | -82,000,000 | 42,000,000 |
other assets and liabilities | 20,000,000 | -23,000,000 | -30,000,000 | -2,000,000 | 11,000,000 | -74,000,000 | -53,000,000 | -16,000,000 | 44,000,000 | -42,000,000 | -28,000,000 | -6,000,000 | 51,000,000 | -26,000,000 | 31,000,000 | -118,000,000 |
cash from operating activities - continuing operations | 79,000,000 | 124,000,000 | 77,000,000 | 86,000,000 | 73,000,000 | 118,000,000 | -18,000,000 | |||||||||
cash from operating activities - discontinued operations | 0 | -6,000,000 | ||||||||||||||
net cash from operating activities | 79,000,000 | 124,000,000 | 77,000,000 | 86,000,000 | 73,000,000 | 118,000,000 | -24,000,000 | |||||||||
investing activities: | ||||||||||||||||
capital expenditures | -26,000,000 | -25,000,000 | -28,000,000 | -28,000,000 | -29,000,000 | -26,000,000 | -28,000,000 | |||||||||
free cash flows | 53,000,000 | 99,000,000 | 49,000,000 | 58,000,000 | 44,000,000 | 92,000,000 | -52,000,000 | |||||||||
cash from investing activities - continuing operations | -26,000,000 | -25,000,000 | -41,000,000 | -28,000,000 | -29,000,000 | -30,000,000 | 944,000,000 | |||||||||
cash from investing activities - discontinued operations | 0 | 0 | ||||||||||||||
net cash from investing activities | -26,000,000 | -25,000,000 | -41,000,000 | -28,000,000 | -29,000,000 | -30,000,000 | 944,000,000 | |||||||||
financing activities: | ||||||||||||||||
dividend payments | -21,000,000 | -22,000,000 | -22,000,000 | -21,000,000 | ||||||||||||
net increase in fiduciary liabilities | -9,000,000 | 21,000,000 | 12,000,000 | -12,000,000 | -12,000,000 | -23,000,000 | 45,000,000 | -77,000,000 | 60,000,000 | 82,000,000 | 28,000,000 | -97,000,000 | -121,000,000 | -253,000,000 | 327,000,000 | -187,000,000 |
repayments to banks | -5,000,000 | -5,000,000 | -5,000,000 | -5,000,000 | -5,000,000 | -6,000,000 | -746,000,000 | -7,000,000 | -6,000,000 | -6,000,000 | -6,000,000 | -7,000,000 | -6,000,000 | -66,000,000 | -60,000,000 | -63,000,000 |
principal payments on finance lease obligations | -5,000,000 | -5,000,000 | -5,000,000 | -7,000,000 | -5,000,000 | -5,000,000 | -8,000,000 | -5,000,000 | -9,000,000 | -8,000,000 | -4,000,000 | -6,000,000 | -7,000,000 | -9,000,000 | -8,000,000 | -7,000,000 |
payments on tax receivable agreements | -136,000,000 | 0 | 0 | 0 | -100,000,000 | 0 | 0 | 0 | -62,000,000 | 0 | 0 | 0 | -7,000,000 | |||
tax payment for shares/units withheld in lieu of taxes | -1,000,000 | 0 | -1,000,000 | 0 | -11,000,000 | -1,000,000 | 0 | -1,000,000 | -57,000,000 | -8,000,000 | -2,000,000 | 0 | -6,000,000 | 0 | -1,000,000 | |
repurchase of shares | 0 | -25,000,000 | -20,000,000 | -20,000,000 | -12,000,000 | -75,000,000 | 0 | -26,000,000 | -4,000,000 | -10,000,000 | ||||||
other financing activities | 0 | 0 | 0 | -2,000,000 | -2,000,000 | |||||||||||
cash from financing activities - continuing operations | -156,000,000 | -10,000,000 | -46,000,000 | -66,000,000 | -176,000,000 | -68,000,000 | -784,000,000 | |||||||||
cash from financing activities - discontinued operations | 0 | 0 | ||||||||||||||
net cash from financing activities | -156,000,000 | -10,000,000 | -46,000,000 | -66,000,000 | -176,000,000 | -68,000,000 | -784,000,000 | |||||||||
effect of exchange rate changes on cash, cash equivalents and restricted cash - continuing operations | -1,000,000 | 0 | ||||||||||||||
effect of exchange rate changes on cash, cash equivalents and restricted cash - discontinued operations | 0 | 0 | ||||||||||||||
net increase in cash, cash equivalents and restricted cash | -104,000,000 | 89,000,000 | -10,000,000 | -8,000,000 | -132,000,000 | 20,000,000 | 137,000,000 | -133,000,000 | -12,000,000 | 33,000,000 | -64,000,000 | -133,000,000 | 281,000,000 | -585,000,000 | ||
cash, cash equivalents and restricted cash balances from: | ||||||||||||||||
continuing operations - beginning of year | 521,000,000 | 0 | 0 | 0 | 582,000,000 | 0 | 0 | |||||||||
discontinued operations - beginning of year | 0 | 0 | ||||||||||||||
less discontinued operations - end of period | ||||||||||||||||
continuing operations - end of period | 417,000,000 | 89,000,000 | -10,000,000 | -8,000,000 | 450,000,000 | 20,000,000 | 162,000,000 | |||||||||
reconciliation of cash, cash equivalents, and restricted cash to the condensed consolidated balance sheets | ||||||||||||||||
cash and cash equivalents | 178,000,000 | 68,000,000 | -22,000,000 | 4,000,000 | 223,000,000 | 43,000,000 | 117,000,000 | -103,000,000 | 286,000,000 | -54,000,000 | 326,000,000 | -397,000,000 | ||||
restricted cash included in fiduciary assets | 239,000,000 | 21,000,000 | 12,000,000 | -12,000,000 | 227,000,000 | -23,000,000 | 45,000,000 | -1,244,000,000 | 1,461,000,000 | -253,000,000 | 1,607,000,000 | -188,000,000 | ||||
total cash, cash equivalents and restricted cash | 417,000,000 | 89,000,000 | -10,000,000 | -8,000,000 | 450,000,000 | 20,000,000 | 162,000,000 | -1,347,000,000 | 1,747,000,000 | -307,000,000 | 1,933,000,000 | -585,000,000 | ||||
supplemental disclosure of non-cash investing and financing activities: | ||||||||||||||||
fixed asset additions acquired through finance leases | 3,000,000 | 0 | 2,000,000 | 0 | 6,000,000 | 1,000,000 | 5,000,000 | 2,000,000 | ||||||||
right of use asset additions acquired through operating leases | 6,000,000 | 0 | 0 | 8,000,000 | 1,000,000 | 2,000,000 | 2,000,000 | 1,000,000 | ||||||||
financing fee and premium amortization | 1,000,000 | 0 | 0 | 0 | -1,000,000 | 0 | -1,000,000 | 0 | -1,000,000 | 0 | -1,000,000 | -1,000,000 | ||||
release of unrecognized tax provision | 0 | 1,000,000 | 0 | 0 | 0 | -1,000,000 | ||||||||||
goodwill impairment | 803,000,000 | 1,338,000,000 | ||||||||||||||
net proceeds from sale of business | 0 | -4,000,000 | ||||||||||||||
acquisition of businesses, net of cash acquired | -399,000,000 | |||||||||||||||
deferred and contingent consideration payments | 0 | -5,000,000 | -1,000,000 | -3,000,000 | ||||||||||||
less fiduciary cash transferred with sale of business | 0 | |||||||||||||||
reconciliation of cash, cash equivalents, and restricted cash to the consolidated balance sheets | ||||||||||||||||
supplemental disclosures: | ||||||||||||||||
interest paid | 36,000,000 | 27,000,000 | ||||||||||||||
income taxes paid | 7,000,000 | 1,000,000 | ||||||||||||||
borrowings from banks | 50,000,000 | 54,000,000 | 51,000,000 | |||||||||||||
(a)reported as discontinued operations on our consolidated balance sheets. | ||||||||||||||||
(a)reported as discontinued operations on our condensed consolidated balance sheets. | ||||||||||||||||
(a)reported as assets held for sale on our condensed consolidated balance sheets. | ||||||||||||||||
net income | -116,000,000 | -170,000,000 | -46,000,000 | -72,000,000 | -74,000,000 | |||||||||||
cash from operating activities | 100,000,000 | 135,000,000 | 89,000,000 | 90,000,000 | 72,000,000 | 99,000,000 | 19,000,000 | 64,000,000 | ||||||||
cash from investing activities | -36,000,000 | -32,000,000 | -38,000,000 | -44,000,000 | -45,000,000 | -38,000,000 | -41,000,000 | -431,000,000 | ||||||||
cash from financing activities | -74,000,000 | 58,000,000 | -14,000,000 | -115,000,000 | -160,000,000 | -361,000,000 | 305,000,000 | -225,000,000 | ||||||||
effect of exchange rate changes on cash, cash equivalents and restricted cash | -2,000,000 | 3,000,000 | -4,000,000 | -7,000,000 | -2,000,000 | 7,000,000 | ||||||||||
cash, cash equivalents and restricted cash at beginning of period | 1,759,000,000 | 0 | 0 | 0 | 1,759,000,000 | 0 | 1,652,000,000 | 0 | ||||||||
cash, cash equivalents and restricted cash at end of period | 1,747,000,000 | 164,000,000 | 33,000,000 | -64,000,000 | 1,626,000,000 | -307,000,000 | 1,933,000,000 | -585,000,000 | ||||||||
changes in operating assets and liabilities, net of business combinations: | ||||||||||||||||
distributions of equity | ||||||||||||||||
financing fees | 0 | -3,000,000 | -1,000,000 | |||||||||||||
ftac share redemptions | 0 | |||||||||||||||
proceeds related to ftac investors | 0 | |||||||||||||||
cash flows from operating activities | ||||||||||||||||
net loss | -13,000,000 | |||||||||||||||
adjustments to reconcile net loss to net cash from operations: | ||||||||||||||||
intangible amortization expense | 80,000,000 | 79,000,000 | 79,000,000 | |||||||||||||
change in assets and liabilities: | ||||||||||||||||
receivables | -5,000,000 | -37,000,000 | -6,000,000 | |||||||||||||
cash flows from investing activities | ||||||||||||||||
cash flows from financing activities | ||||||||||||||||
deferred tax benefit | ||||||||||||||||
members' equity unit repurchase | ||||||||||||||||
settlements of interest rate swaps | -2,000,000 | -4,000,000 | -4,000,000 | |||||||||||||
supplemental disclosure of non-cash financing activities: | ||||||||||||||||
adjustments to reconcile net income to net cash from operations: | ||||||||||||||||
gain from change in fair value of financial instruments | -50,000,000 | -13,000,000 | ||||||||||||||
gain from change in fair value of tax receivable agreement | -38,000,000 | -5,000,000 | ||||||||||||||
net decrease in cash, cash equivalents and restricted cash | ||||||||||||||||
contingent consideration payments | ||||||||||||||||
distributions of members' equity | ||||||||||||||||
tax payment for units withheld in lieu of taxes |
