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Fidelity National Information Services, Inc. (FIS) SEC Filing 10-Q Quarterly Report for the period ending Wednesday, March 31, 2021

Fidelity National Information Services,

CIK: 1136893 Ticker: FIS

fislogoq22018a19fa131a.jpg
Exhibit 99.1
News Release
FIS Reports First Quarter 2021 Results
Strong results and exceptional new sales performance across all operating segments drive increased outlook for full-year 2021
Increased revenue synergy targets as ramping volumes, cross-selling execution and continued geographic expansion accelerated first quarter synergy achievement

JACKSONVILLE Fla., May 6, 2021 -
FIS™ (NYSE:FIS), a global leader in financial services technology, today reported its first quarter 2021 results.

“FIS is off to a very strong start to the year, exceeding our expectations and increasing our outlook for the rest of the year,” said Gary Norcross, FIS chairman and chief executive officer. “Our continued focus on innovation and transformation is enabling our clients to modernize their environments and engage with their customers in dynamic new ways. I’m pleased that our unique value propositions will enable FIS to continue accelerating revenue growth and driving shareholder value as we advance how the world pays, banks and invests.”

First Quarter 2021
On a GAAP basis, consolidated revenue increased 5% to $3,223 million. Net earnings (loss) attributable to common stockholders was $(373) million or $(0.60) per diluted share, which includes expense of approximately $528 million related to our recent debt refinancing.

On an organic basis, revenue increased 4% as growth accelerated across all three operating segments. Adjusted EBITDA margin expanded by 10 basis points (bps) over the prior year period to 40.6% as the operating segments’ high contribution margins more than offset increased corporate expense associated with unwinding last year’s COVID-19 related cost actions, including full funding for employee bonuses. Adjusted net earnings were $814 million or $1.30 per diluted share.

($ millions, except per share data, unaudited)Three Months Ended March 31,
%Organic
20212020ChangeGrowth
Revenue$3,223 $3,078 5%4%
 Merchant Solutions966 935 3%1%
 Banking Solutions1,540 1,444 7%6%
 Capital Market Solutions6255975%3%
Corporate and Other92 102 (9)%
Adjusted EBITDA$1,308 $1,247 5%
Adjusted EBITDA Margin40.6 %40.5 %10 bps
Net earnings (loss) attributable to FIS common stockholders (GAAP)$(373)$15 *
Diluted EPS (GAAP)$(0.60)$0.02 *
Adjusted net earnings$814 $8022%
Adjusted EPS$1.30$1.282%
* Indicates comparison not meaningful




The following information was filed by Fidelity National Information Services, Inc. (FIS) on Thursday, May 6, 2021 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Fidelity National Information Services, Inc.'s 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Cover Page
Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (Parenthetical)
Condensed Consolidated Statements Of Cash Flows
Condensed Consolidated Statements Of Comprehensive Earnings (Loss)
Condensed Consolidated Statements Of Earnings (Loss)
Condensed Consolidated Statements Of Equity
Condensed Consolidated Statements Of Equity (Parenthetical)
Basis Of Presentation
Commitments And Contingencies
Commitments And Contingencies - (Narrative) (Details)
Condensed Consolidated Financial Statement Details
Condensed Consolidated Financial Statement Details (Tables)
Condensed Consolidated Financial Statement Details - Cash And Cash Equivalents (Details)
Condensed Consolidated Financial Statement Details - Goodwill (Details)
Condensed Consolidated Financial Statement Details - Goodwill Narrative (Details)
Condensed Consolidated Financial Statement Details - Intangible Assets Narrative (Details)
Condensed Consolidated Financial Statement Details - Summary Of Net Assets (Details)
Condensed Consolidated Financial Statement Details - Visa Europe And Contingent Value Rights Narrative (Details)
Debt
Debt (Tables)
Debt - (Narrative) (Details)
Debt - (Principal Maturities Of Long-Term Debt) (Details)
Debt - (Schedule Of Long-Term Debt) (Details)
Debt - Short-Term Debt (Details)
Deferred Contract Costs
Deferred Contract Costs (Details)
Deferred Contract Costs (Tables)
Deferred Contract Costs - (Narratives) (Details)
Financial Instruments
Financial Instruments - (Narratives) (Details)
Net Earnings (Loss) Per Share
Net Earnings (Loss) Per Share (Tables)
Net Earnings (Loss) Per Share - (Narrative) (Details)
Net Earnings (Loss) Per Share - (Summary Of Earnings Per Share) (Details)
Organization, Consolidation And Presentation Of Financial Statements (Policies)
Related-Party Transactions
Related-Party Transactions - (Narrative) (Details)
Revenue
Revenue (Tables)
Revenue - (Narrative) (Details)
Revenue - Disaggregate Revenue (Details)
Segment Information
Segment Information (Tables)
Segment Information - (Narrative) (Details)
Segment Information - (Summarized Financial Information) (Details)
Stock Compensation Plans
Stock Compensation Plans - Narrative (Details)
Ticker: FIS
CIK: 1136893
Form Type: 10-Q Quarterly Report
Accession Number: 0001136893-21-000094
Submitted to the SEC: Thu May 06 2021 4:16:31 PM EST
Accepted by the SEC: Thu May 06 2021
Period: Wednesday, March 31, 2021
Industry: Business Services

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