Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
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- Analysis of Solvency Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Analysis of Reportable Segments
- Enterprise Value (EV)
- Enterprise Value to FCFF (EV/FCFF)
- Dividend Discount Model (DDM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Price to Operating Profit (P/OP) since 2005
- Analysis of Revenues
- Analysis of Debt
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Fidelity National Information Services Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
- Trade accounts payable and other accrued liabilities
- There is a moderate decline from 2.89% in 2018 to 1.65% in 2019, followed by a gradual increase to 2.56% by 2022, indicating some fluctuations but a slight upward trend in these obligations relative to total financing.
- Salaries and incentives
- This item decreases from 0.92% in 2018 to 0.31% in 2020, then rises to 0.65% in 2022, suggesting a reduction in payroll-related accruals during the earlier years with a partial recovery in the most recent period.
- Taxes other than income tax
- A steady increase is observed, from 0.24% in 2018 to 0.61% in 2022, reflecting growing non-income tax liabilities relative to total capital structure.
- Accrued benefits and payroll taxes
- Values are relatively stable with a slight decrease from 0.28% in 2018 to 0.16% by 2019 and remaining flat through 2022, indicating consistent treatment of these liabilities.
- Current operating lease liabilities
- Introduced in 2019 at 0.15%, this line item slowly increases to 0.19% in 2022, showing a gradual rise in short-term lease obligations.
- Accrued interest payable
- There is a notable decline from 0.30% in 2018 to 0.06% in 2021, followed by an increase to 0.18% in 2022, indicating reduced interest accruals before a partial rebound.
- Accounts payable, accrued and other liabilities
- This category dips from 4.62% in 2018 to 2.83% in 2019, then rises to 4.35% in 2022, showing volatility but ultimately returning to higher relative levels.
- Settlement payables
- There is a pronounced increase from 4.09% in 2018 to a significant 10.67% in 2022, indicating growing amounts owed related to settlements, a notable pressure point in liabilities.
- Deferred revenue (current)
- This fluctuates, dropping sharply from 3.11% in 2018 to below 1.0% in 2019–2021 and rising slightly to 1.25% in 2022, reflecting changes in recognized unearned revenue balances.
- Short-term borrowings
- A marked upward trend is evident, increasing from 1.12% in 2018 to 6.00% in 2022, highlighting a heavier reliance on short-term debt financing.
- Current portion of long-term debt
- Climbs significantly from 0.20% in 2018 to 3.37% in 2022, suggesting greater amounts of long-term debt becoming current over the period.
- Current liabilities (total)
- Current liabilities compose a rising proportion of total financing, growing from 13.15% in 2018 to a substantial 25.64% in 2022, indicating increased short-term obligations.
- Long-term debt, excluding current portion
- Displays a sharp decline from 36.47% in 2018 to 17.88% in 2021, followed by a rise to 22.45% in 2022, collectively showing debt refinancing or repayment patterns with some recent borrowing increases.
- Deferred income taxes
- Fairly stable across the period, ranging narrowly from 4.79% to 5.72%, showing consistent recognition of deferred tax liabilities.
- Noncurrent operating lease liabilities
- Introduced at 0.56% in 2019 and declining slightly to 0.46% by 2022, indicating marginal reduction in long-term lease obligations.
- Tax Receivable Agreement liability
- This liability decreases notably from 0.63% in 2019 to 0.11% in 2022, suggesting paydown or settlement of such obligations.
- CVR liability
- Appears in 2019 at 1.00%, then decreases and stabilizes around 0.54% in 2022, indicating diminishing contingent value repayments.
- Deferred revenue (noncurrent)
- Relatively minor and stable, increasing slightly from 0.06% in 2019 to 0.26% in 2022.
- Derivatives liabilities
- Appear starting 2021 at 0.20% and increase substantially to 1.01% in 2022, indicating growing exposure to derivative liabilities.
- Other noncurrent liabilities
- Show some fluctuation but an overall increase from 1.37% in 2018 to 2.99% in 2022, reflecting increased miscellaneous long-term liabilities.
- Noncurrent liabilities (total)
- Decline sharply from 43.85% in 2018 to around 25.24% in 2021 but rebound to 31.05% in 2022, illustrating a shift from longer-term to shorter-term liabilities followed by some rebalancing.
- Total liabilities
- Drop from 57.00% in 2018 to about 41.0% in 2019–2020, then gradually increase to 56.69% in 2022, representing overall variations in leverage and funding structure.
- Common stock and redeemable noncontrolling interest
- Common stock remains minimal and stable around 0.01% throughout, while redeemable noncontrolling interest appears late and remains minor, indicating limited impact on capital structure.
- Additional paid in capital
- Strong and steady growth from 45.44% in 2018 to 73.86% in 2022, highlighting significant equity injections or retained earnings reinvested as capital.
- Retained earnings (accumulated deficit)
- Marked decline from 19.05% in 2018 to a large deficit of -23.66% in 2022, reflecting net losses or significant distributions reducing accumulated earnings.
- Accumulated other comprehensive earnings (loss)
- Fluctuates near zero, turning positive briefly before dropping to -0.57% in 2022, indicating limited volatility in other comprehensive income items.
- Treasury stock
- Shows a significant reduction from -19.72% in 2018 to -6.62% in 2022, with volatility in this account suggesting active share repurchase or retirement programs.
- Total FIS stockholders’ equity
- Increases from 42.97% in 2018 to nearly 59% in 2019–2020, then declines to 43.01% by 2022, suggesting equity value volatility tied to changes in retained earnings and paid-in capital.
- Noncontrolling interest and total equity
- Noncontrolling interest remains negligible while total equity mirrors changes in stockholders’ equity, trending downward sharply in 2022 to 43.03%.
- Overall capital structure
- The company demonstrates a shift in financing from lower liabilities in 2019-2020 back to higher leverage in 2022, accompanied by significant fluctuations in long-term and short-term debt components, large swings in equity components mainly due to retained earnings, and growing short-term liabilities. The increase in settlement payables and short-term borrowings, combined with the steep decline in retained earnings, notably alters the liability and equity mix, reflecting operational and financial pressures in the most recent fiscal years.