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Fidelity National Information Services, Inc. (FIS) SEC Filing 10-Q Quarterly Report for the period ending Thursday, June 30, 2022

SEC Filings

FIS Quarterly Reports

Fidelity National Information Services,

CIK: 1136893 Ticker: FIS

Exhibit 99.1
fislogoa.jpg

News Release
FIS Reports Second Quarter 2022 Results
Increased revenue 7% on a GAAP basis and 8% on an organic basis to $3.7 billion
Generated Diluted EPS of $0.45 and Adjusted EPS of $1.73
Repurchased $300 million in shares
After 14 years of distinguished service, James “Woody” Woodall to step down from his position as CFO, effective November 4, 2022, with Deputy CFO Erik Hoag to succeed Mr. Woodall as Corporate Executive Vice President and Chief Financial Officer

JACKSONVILLE, Fla., August 4, 2022 - FIS® (NYSE:FIS), a global leader in financial services technology, today reported its second quarter 2022 results.

“I’m very pleased with the strong financial results we delivered this quarter,” said Gary Norcross, FIS Chairman and Chief Executive Officer. “These results are a testament to the value we bring to our clients by executing our business strategy, investing for growth and bringing innovative and end-to-end offerings to market. In an uncertain macro environment, the durability of our financial model is also a significant advantage for FIS. We reduced our leverage to 2.9 times, and our robust free cash flow allowed us to return approximately $600 million in capital to shareholders during the second quarter through share repurchase and dividends.”

Second Quarter 2022
On a GAAP basis, revenue increased by approximately $240 million, or 7% as compared to the prior-year period, to $3.7 billion. Net earnings attributable to common stockholders were $277 million or $0.45 per diluted share.

On an organic basis, revenue increased 8% 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. On a constant currency basis, revenue increased 9%. Adjusted net earnings increased 5% as compared to the prior-year period to $1.1 billion, and adjusted net earnings per share increased 7% to $1.73 per diluted share.

($ millions, except per share data, unaudited)
Three Months Ended June 30,
%ConstantOrganic
20222021ChangeCurrencyGrowth
Revenue$3,719 $3,475 7%9%8%
 Merchant Solutions1,302 1,177 11%14%12%
 Banking Solutions1,663 1,578 5%6%6%
 Capital Market Solutions663 6305%7%7%
 Corporate and Other91 90 1%3%
Adjusted EBITDA$1,599 $1,520 5%
Adjusted EBITDA Margin43.0 %43.7 %(70) bps
Net earnings attributable to FIS common stockholders (GAAP)$277 $341 *
Diluted EPS (GAAP)$0.45 $0.55 *
Adjusted net earnings$1,056 $1,004 5%
Adjusted EPS$1.73 $1.61 7%
* Indicates comparison not meaningful





The following information was filed by Fidelity National Information Services, Inc. (FIS) on Thursday, August 4, 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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Fidelity National Information Services, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2022 10-K Annual Report includes:

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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 - Impairments (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
Related-Party Transactions (Details)
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: 0001136893-22-000146
Submitted to the SEC: Thu Aug 04 2022 4:42:53 PM EST
Accepted by the SEC: Thu Aug 04 2022
Period: Thursday, June 30, 2022
Industry: Business Services

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