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Fidelity National Information Services, Inc. (FIS) SEC Filing 10-Q Quarterly Report for the period ending Thursday, September 30, 2021

Fidelity National Information Services,

CIK: 1136893 Ticker: FIS

Exhibit 99.1
image.jpg

News Release
FIS Reports Third Quarter 2021 Results
Increased revenue 10% while generating strong profitability and cash flow, demonstrating superior execution
Achieved annual run-rate revenue synergies and operational expense synergies of approximately $600 million and $475 million, respectively
Repurchased $1.2 billion in shares, tripling the pace of first and second quarter buybacks


JACKSONVILLE Fla., November 4, 2021 -
FIS® (NYSE:FIS), a global leader in financial services technology, today reported its third quarter 2021 results.

“Our team continues to execute exceptionally well,” said Gary Norcross, FIS Chairman and Chief Executive Officer. “We’re successfully leveraging our broad portfolio and global reach to speed innovation. Further, our robust cash flow enabled us to accelerate share buybacks during the third quarter without sacrificing our ability to execute our growth-focused M&A strategy.”

Third Quarter 2021
On a GAAP basis, revenue grew by more than $300 million, or 10%, to $3.5 billion. Net earnings attributable to common stockholders was $158 million or $0.26 per diluted share.

On an organic basis, which excludes the impact of foreign exchange, revenues also grew 10%. Adjusted EBITDA grew 17% to $1.6 billion. Adjusted EBITDA margin expanded by 270 basis points (bps) to 45.2%, primarily due to high contribution margins from revenue growth as well as ongoing revenue and expense synergies. Adjusted net earnings increased 21% to $1.1 billion and adjusted net earnings per share increased 22% to $1.73 per diluted share.

($ millions, except per share data, unaudited)
Three Months Ended September 30,
%Organic
20212020Change
Growth1
Revenue$3,507 $3,197 10%10%
 Merchant Solutions1,161 1,017 14%13%
 Banking Solutions1,610 1,488 8%8%
 Capital Market Solutions654 58711%10%
Corporate and Other82 105 (21)%
Adjusted EBITDA$1,585 $1,357 17%
Adjusted EBITDA Margin45.2 %42.5 %270 bps
Net earnings attributable to FIS common stockholders (GAAP)$158 $20 *
Diluted EPS (GAAP)$0.26 $0.03 *
Adjusted net earnings$1,070 $887 21%
Adjusted EPS$1.73$1.4222%
* Indicates comparison not meaningful
1 Organic growth excludes the impact of foreign currency exchange fluctuation (FX) as there was no M&A impact during the quarter




The following information was filed by Fidelity National Information Services, Inc. (FIS) on Thursday, November 4, 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
Condensed Consolidated Statements Of Equity
Condensed Consolidated Statements Of Equity (Parenthetical)
Basis Of Presentation
Basis Of Presentation (Policies)
Commitments And Contingencies
Commitments And Contingencies (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 - Equity Security Investments (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 - Narrative (Details)
Financial Instruments
Financial Instruments (Details)
Net Earnings Per Share
Net Earnings Per Share (Tables)
Net Earnings Per Share - Narrative (Details)
Net Earnings Per Share - Summary Of Earnings Per Share (Details)
Related-Party Transactions
Related-Party Transactions (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 (Details)

Material Contracts, Statements, Certifications & more

Fidelity National Information Services, Inc. provided additional information to their SEC Filing as exhibits

Ticker: FIS
CIK: 1136893
Form Type: 10-Q Quarterly Report
Accession Number: 0001136893-21-000228
Submitted to the SEC: Thu Nov 04 2021 4:18:09 PM EST
Accepted by the SEC: Thu Nov 04 2021
Period: Thursday, September 30, 2021
Industry: Business Services

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