Last10K.com

Fidelity National Information Services, Inc. (FIS) SEC Filing 10-K Annual report for the fiscal year ending Tuesday, December 31, 2019

Fidelity National Information Services,

HISTORY TOOLS
CIK: 1114618 Ticker: FIS
image0a05.jpg

Exhibit 99.1
News Release
FIS Reports Fourth Quarter and Full-Year 2019 Results

•
Increases 2020 synergy targets for revenue and expense synergies by $50 million and $250 million, respectively
•
Increases total synergy targets for revenue and expense synergies by $50 million and $175 million, respectively
•
Provides first quarter and full-year 2020 guidance

JACKSONVILLE Fla., February 13, 2020 -
FIS™ (NYSE:FIS), a global leader in financial services technology, today reported its fourth quarter and full-year 2019 results.

“2019 was a transformative year for FIS,” said Gary Norcross, FIS chairman, president and chief executive officer. “We closed the largest fintech acquisition of the year and exited 2019 well ahead of our Worldpay integration synergy schedule. Our record-setting new sales performance was underpinned by our ongoing investment in next-generation technology, and we are seeing significant cross sell gains from our expanded payments portfolio. These substantial accomplishments give us confidence in achieving our 2020 guidance.”

Fourth Quarter 2019
On a GAAP basis, revenue increased 54 percent to $3,341 million from $2,167 million in the prior year period, primarily driven by the July 31, 2019 acquisition of Worldpay, Inc. (Worldpay). Net earnings (loss) attributable to common stockholders was $(158) million or $(0.26) per diluted share.

On an adjusted basis, organic revenue growth grew to 7 percent over the prior year period. Adjusted EBITDA margin expanded by 470 basis points (bps) over the prior year to 44.6 percent, primarily driven by the acquisition of Worldpay and associated expense synergies. Adjusted net earnings was $977 million or $1.57 per diluted share.

The following information was filed by Fidelity National Information Services, Inc. (FIS) on Thursday, February 13, 2020 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 2020 10-K Annual Report includes:

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

Continue

SEC Filing Tools

Rating

Learn More
Bullish Bearish Neutral
Filter Sentiment:
All
Positive
Negative
Filter Category:
All
Financial
Revenue
M & A
Other
Filter Subcategory:
All
Income
Earnings
Expense
Geography
Product
Shares
Dividend
Cash Flow
Other
Inside Fidelity National Information Services, Inc.'s 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Cover
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, Accrued And Other Liabilities
Accounts Payable, Accrued And Other Liabilities (Details)
Accounts Payable, Accrued And Other Liabilities (Tables)
Basis Of Presentation
Commitments And Contingencies
Commitments And Contingencies (Commitments Maturity Schedule) (Details)
Commitments And Contingencies (Narratives) (Details)
Commitments And Contingencies (Purchase Commitments Narrative) (Details)
Commitments And Contingencies (Tables)
Components Of Other Comprehensive Earnings (Loss)
Components Of Other Comprehensive Earnings (Loss) (Details)
Components Of Other Comprehensive Earnings (Loss) (Tables)
Concentration Of Risk
Debt
Debt (Narrative) (Details)
Debt (Schedule Of Outstanding Debt) (Details)
Debt (Schedule Of Principal Maturities Of Long-Term Debt) (Details)
Debt (Short Term Debt) (Details)
Debt (Tables)
Deferred Contract Costs
Deferred Contract Costs (Details)
Deferred Contract Costs (Narratives) (Details)
Deferred Contract Costs (Tables)
Divestitures
Divestitures (Narrative) (Details)
Employee Benefit Plans
Employee Benefit Plans (Narratives) (Details)
Employee Benefit Plans (Schedule Of Restricted Stock Activity) (Details)
Employee Benefit Plans (Schedule Of Stock Option Activity) (Details)
Employee Benefit Plans (Schedule Of Stock Option Valuation Assumptions) (Details)
Employee Benefit Plans (Tables)
Financial Instruments
Financial Instruments (Narratives) (Details)
Goodwill
Goodwill (Changes In Goodwill) (Details)
Goodwill (Narratives) (Details)
Goodwill (Tables)
Income Taxes
Income Taxes (Narratives) (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 (Narratives) (Details)
Intangible Assets (Schedule Of Estimated Amortization Of Intangibles For The Next Five Years) (Details)
Intangible Assets (Schedule Of Finite-Lived Intangible Assets) (Details)
Intangible Assets (Tables)
Operating Leases
Operating Leases (Tables)
Operating Leases - (Balance Sheet Classification) (Details)
Operating Leases - (Maturities Of Operating Leases) (Details)
Operating Leases - (Narratives) (Details)
Operating Leases - (Operating Lease Minimum Future Lease Payments) (Details)
Other Noncurrent Assets And Liabilities
Other Noncurrent Assets And Liabilities (Tables)
Other Noncurrent Assets And Liabilities - Narratives (Details)
Other Noncurrent Assets And Liabilities - Noncurrent Assets (Details)
Other Noncurrent Assets And Liabilities - Other Noncurrent Liabilities (Details)
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 (Narratives) (Details)
Revenue
Revenue (Disaggregation Of Revenue) (Details)
Revenue (Narratives) (Details)
Revenue (Tables)
Segment Information
Segment Information (Narrative) (Details)
Segment Information (Schedule Of Financial Information For The Company's Segments) (Details)
Segment Information (Tables)
Software
Software (Details)
Software (Narratives) (Details)
Software (Tables)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Cash And Cash Equivalents) (Details)
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)
Worldpay Acquisition
Worldpay Acquisition (Narrative) (Details)
Worldpay Acquisition (Purchase Price Allocation)) (Details)
Worldpay Acquisition (Purchase Price) (Details)
Worldpay Acquisition (Tables)
Worldpay Acquisition (Unaudited Pro Forma Results Of Operations) (Details)
Ticker: FIS
CIK: 1136893
Form Type: 10-K Annual Report
Accession Number: 0001136893-20-000032
Submitted to the SEC: Thu Feb 20 2020 5:16:58 PM EST
Accepted by the SEC: Thu Feb 20 2020
Period: Tuesday, December 31, 2019
Industry: Business Services

External Resources:
Stock Quote
Social Media
SEC.gov

Bookmark the Permalink:
https://last10k.com/sec-filings/fis/0001136893-20-000032.htm