Last10K.com

Fidelity National Information Services, Inc. (FIS) SEC Filing 10-K Annual report for the fiscal year ending Thursday, December 31, 2015

Fidelity National Information Services,

CIK: 1136893 Ticker: FIS

    
Exhibit 99.1
News Release
FIS Reports Fourth Quarter and Full Year 2015 Results

Full year 2015
Revenue of $6.6 billion
EPS from continuing operations of $2.21, or $3.22 on an adjusted basis
Free cash flow of $920.9 million

Fourth quarter 2015
Revenue of $1.9 billion
EPS from continuing operations of $0.35, or $0.93 on an adjusted basis
Free cash flow of $399.1 million

JACKSONVILLE, Fla., February 9, 2016 -
FIS (NYSE:FIS), a global leader in financial services technology, today reported a full year 2015 revenue increase of three percent to $6.6 billion. The increase was seven percent on an adjusted constant currency basis. GAAP net earnings from continuing operations attributable to common stockholders was $638.8 million, or $2.21 per diluted share, compared to $690.5 million, or $2.39 per diluted share in 2014.

2015 full year adjusted EBITDA increased five percent to $2.0 billion. The increase was eight percent on a constant currency basis. Non-GAAP adjusted net earnings from continuing operations attributable to common stockholders increased four percent to $930.4 million. Adjusted net earnings per diluted share increased four percent to $3.22 from $3.10 in 2014. Full year non-GAAP adjusted net earnings from continuing operations adjusts for acquisition-related deferred revenue adjustments of $0.10 per share, acquisition, integration, and severance costs of $0.45 per share, a $0.19 per share benefit from gains on divestitures, global restructuring of $0.10 per share, and purchase accounting amortization expense of $0.54 per share.

“The resilience of our business model characterized by highly recurring revenues and operational efficiencies allowed us to deliver strong cash flows and earnings,” said Gary Norcross, president and chief executive officer, FIS. “The end-of-year closing of the SunGard acquisition allows us to leverage our newly expanded IP-led solutions portfolio to create deeper and broader relationships with our more than 20,000 clients. The acquisition creates a solid foundation for meeting our 2016 goals and driving long-term value creation for our shareholders.”

Fourth Quarter 2015

The quarter ending December 31, 2015, benefitted from the acquisition, increasing reported revenue eleven percent to $1.9 billion from $1.7 billion in the fourth quarter of 2014, or eighteen percent on an adjusted constant currency basis. GAAP net earnings from continuing operations attributable to common stockholders was $105.5 million, or $0.35 per diluted share, compared to $202.4 million, or $0.71 per diluted share in the prior year quarter.

Non-GAAP adjusted net earnings from continuing operations attributable to common stockholders increased to $278.4 million in the fourth quarter of 2015 from $249.3 million in the prior year quarter. Adjusted net earnings per diluted share increased seven percent to $0.93 per share from $0.87 per share in the fourth quarter 2014. Fourth quarter non-GAAP adjusted net earnings from continuing operations adjusts for acquisition-related deferred revenue adjustments of $0.10 per share, acquisition, integration, and severance costs of $0.26 per share, a $0.03 per share tax impact from the sale of our gaming industry check warranty business earlier in the year, and costs pertaining to acquisition-related purchase accounting amortization expense of $0.19 per share.

Adjusted EBITDA increased nineteen percent to $624.1 million in the fourth quarter of 2015 from $525.6 million in the prior year quarter and was up twenty-one percent on a constant currency basis. Adjusted EBITDA margin was 32.5 percent compared to 31.1 percent in the prior year period.


The following information was filed by Fidelity National Information Services, Inc. (FIS) on Tuesday, February 9, 2016 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Fidelity National Information Services, Inc.'s financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Fidelity National Information Services, Inc..

Continue

Assess how Fidelity National Information Services, Inc.'s management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Fidelity National Information Services, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2016 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

SEC Filing Tools

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Earnings
Consolidated Statements Of Earnings
Consolidated Statements Of Equity
Consolidated Statements Of Equity (parenthetical)
Accounts Payable And Accrued Liabilities
Accounts Payable And Accrued Liabilities (details)
Accounts Payable And Accrued Liabilities (tables)
Acquisitions
Acquisitions (narrative) (details)
Acquisitions (tables)
Acquisitions Assets Acquired And Liabilities Assumed (details)
Acquisitions Pro Forma Revenue (details)
Acquisitions Sungard Consideration Transferred (details)
Basis Of Presentation
Commitments And Contingencies
Commitments And Contingencies (narrative) (details)
Commitments And Contingencies (schedule Of Future Minimum Operating Lease Payments For Leases) (details)
Commitments And Contingencies (tables)
Components Of Other Comprehensive Earnings
Components Of Other Comprehensive Earnings (details)
Components Of Other Comprehensive Earnings (tables)
Computer Software
Computer Software (details)
Computer Software (tables)
Concentration Of Risk
Concentration Of Risk (details)
Deferred Contract Costs
Deferred Contract Costs (details)
Deferred Contract Costs (tables)
Divestitures And Discontinued Operations
Divestitures And Discontinued Operations (narrative) (details)
Divestitures And Discontinued Operations (revenues And Earnings (losses) Of Businesses Included In Discontinued Operations) (details)
Divestitures And Discontinued Operations (tables)
Employee Benefit Plans
Employee Benefit Plans (narrative) (details)
Employee Benefit Plans (schedule Of Options Granted) (details)
Employee Benefit Plans (schedule Of Stock Option Activity) (details)
Employee Benefit Plans (schedule Of Stock Option Valuation Assumptions) (details)
Employee Benefit Plans (schedule Of Stock Options Outstanding And Exercisable) (details)
Employee Benefit Plans (tables)
Goodwill
Goodwill (details)
Goodwill (tables)
Income Taxes
Income Taxes (narrative) (details)
Income Taxes (schedule Of Components Of Income Tax Expense (benefit) And Pre-tax Income From Continuing Operations) (details)
Income Taxes (schedule Of Components Of Income Tax Expense (benefit)) (allocation) (details)
Income Taxes (schedule Of Deferred Income Tax Assets And Liabilities) (classification) (details)
Income Taxes (schedule Of Deferred Income Tax Assets And Liabilities) (details)
Income Taxes (schedule Of Effective Income Tax Rate Reconciliation) (details)
Income Taxes (schedule Of Unrecognized Tax Benefits Roll Forward) (details)
Income Taxes (tables)
Intangible Assets
Intangible Assets (narrative) (details)
Intangible Assets (schedule Of Estimated Amortization Of Intangibles For The Next Five Years) (details)
Intangible Assets (schedule Of Intangible Assets) (details)
Intangible Assets (tables)
Long-term Debt
Long-term Debt (narrative) (details)
Long-term Debt (schedule Effect Of Derivative Instruments On The Company's Condensed Consolidated Statements Of Earnings) (details)
Long-term Debt (schedule Of Fair Value Of Derivative Instruments) (details)
Long-term Debt (schedule Of Interest Rate Swap Transactions) (details)
Long-term Debt (schedule Of Long Term Debt) (details)
Long-term Debt (schedule Of Principal Maturities Of Long-term Debt) (details)
Long-term Debt (tables)
Other Equity Programs And Stock Rights
Other Equity Programs And Stock Rights (narrative) (details)
Other Equity Programs And Stock Rights (schedule Of Repurchases) (details)
Other Equity Programs And Stock Rights (tables)
Property And Equipment
Property And Equipment (narrative) (details)
Property And Equipment (schedule Of Property And Equipment) (details)
Property And Equipment (tables)
Related Party Transactions
Related Party Transactions (narrative) (details)
Segment Information
Segment Information (narrative) (details)
Segment Information (schedule Of Financial Information For The Company's Segments) (details)
Segment Information (tables)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (narrative) (details)
Summary Of Significant Accounting Policies (policies)
Summary Of Significant Accounting Policies (roll Forward Of The Allowance For Doubtful Accounts) (details)
Summary Of Significant Accounting Policies (schedule Of Net Earnings Per Share) (details)
Summary Of Significant Accounting Policies (schedule Of Trade Receivable) (details)
Summary Of Significant Accounting Policies (tables)
Ticker: FIS
CIK: 1136893
Form Type: 10-K Annual Report
Accession Number: 0001136893-16-000061
Submitted to the SEC: Fri Feb 26 2016 4:51:03 PM EST
Accepted by the SEC: Fri Feb 26 2016
Period: Thursday, December 31, 2015
Industry: Business Services

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/fis/0001136893-16-000061.htm