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Fidelity National Information Services, Inc. (FIS) SEC Filing 10-Q Quarterly Report for the period ending Thursday, March 31, 2022

SEC Filings

FIS Quarterly Reports

Fidelity National Information Services,

CIK: 1136893 Ticker: FIS

Exhibit 99.1
imagea.jpg

News Release
FIS Reports First Quarter 2022 Results
Increased revenue 8% on a GAAP basis and 9% on an organic basis to $3.5 billion, including strong growth across all operating segments
Generated Diluted EPS (GAAP) of $0.20 and Adjusted EPS of $1.47
Reaching target leverage ratio will enable resumption of share repurchase during the second quarter of 2022


JACKSONVILLE Fla., May 3, 2022 -
FIS® (NYSE:FIS), a global leader in financial services technology, today reported its first quarter 2022 results.

“FIS is off to a strong start to the year,” said Gary Norcross, FIS Chairman and Chief Executive Officer. “We chose to continue to invest in new solutions and capabilities to benefit our clients throughout the pandemic. These investments are really paying off by enabling us to drive strong revenue growth and returns. In addition, our team’s focus on execution and robust cash flow enabled us to pay down debt more quickly than anticipated, which will allow us to resume share buybacks a quarter ahead of schedule.”

First Quarter 2022
On a GAAP basis, revenue increased by more than $250 million, or 8% as compared to the prior-year period, to $3.5 billion. Net earnings attributable to common stockholders were $120 million or $0.20 per diluted share.

On an organic basis, revenue increased 9% as compared to the prior-year period when excluding the impact of changes in foreign currency exchange rates and inorganic contribution from acquisitions and divestitures. Adjusted EBITDA was $1.4 billion. Adjusted EBITDA margin was flat at 40.6%, as the company successfully offset rising wage inflation, difficult comparisons created by stimulus-related revenue in the prior-year period and ramping large client wins. Adjusted net earnings increased 11% as compared to the prior-year period to $904 million, and adjusted net earnings per share increased 13% to $1.47 per diluted share.

($ millions, except per share data, unaudited)
Three Months Ended March 31,
%ConstantOrganic
20222021ChangeCurrencyGrowth
Revenue$3,492 $3,223 8%9%9%
 Merchant Solutions1,112 966 15%16%15%
 Banking Solutions1,645 1,540 7%7%7%
 Capital Market Solutions658 6255%6%6%
 Corporate and Other77 92 (16)%(15)%
Adjusted EBITDA$1,418 $1,308 8%
Adjusted EBITDA Margin40.6 %40.6 %
Net earnings attributable to FIS common stockholders (GAAP)$120 $(373)*
Diluted EPS (GAAP)$0.20 $(0.60)*
Adjusted net earnings$904 $814 11%
Adjusted EPS$1.47 $1.3013%
* Indicates comparison not meaningful





The following information was filed by Fidelity National Information Services, Inc. (FIS) on Tuesday, May 3, 2022 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)
Acquisitions
Acquisitions (Details)
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 - Intangible Assets, Software And Impairments - Narrative (Details)
Condensed Consolidated Financial Statement Details - Schedule Of Property And Equipment, Intangible Assets And Software (Details)
Condensed Consolidated Financial Statement Details - Settlement Assets And Payables (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 (Tables)
Deferred Contract Costs - Narrative (Details)
Deferred Contract Costs - Schedule Of Deferred Contract Cost (Details)
Financial Instruments
Financial Instruments (Details)
Net Earnings (Loss) Per Share
Net Earnings (Loss) Per Share (Tables)
Net Earnings (Loss) Per Share - Narrative (Details)
Net Earnings (Loss) Per Share - Schedule Of Earnings (Loss) Per Share (Details)
Related-Party Transactions
Revenue
Revenue (Tables)
Revenue - Disaggregate Revenue (Details)
Revenue - Narrative (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: 0001136893-22-000095
Submitted to the SEC: Tue May 03 2022 4:16:11 PM EST
Accepted by the SEC: Tue May 03 2022
Period: Thursday, March 31, 2022
Industry: Business Services

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