Stock Analysis on Net
Stock Analysis on Net

Fidelity National Information Services Inc. (NYSE:FIS)

This company has been moved to the archive! The financial data has not been updated since May 2, 2023.

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity 

Fidelity National Information Services Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity

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Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Trade accounts payable and other accrued liabilities 2.56 2.21 1.88 1.65 2.89
Salaries and incentives 0.65 0.49 0.31 0.49 0.92
Taxes other than income tax 0.61 0.36 0.28 0.26 0.24
Accrued benefits and payroll taxes 0.16 0.16 0.18 0.14 0.28
Current operating lease liabilities 0.19 0.18 0.18 0.15 0.00
Accrued interest payable 0.18 0.06 0.12 0.13 0.30
Accounts payable, accrued and other liabilities 4.35% 3.45% 2.96% 2.83% 4.62%
Settlement payables 10.67 6.38 5.88 5.04 4.09
Deferred revenue 1.25 0.94 1.05 0.97 3.11
Short-term borrowings 6.00 4.72 3.28 3.37 1.12
Current portion of long-term debt 3.37 1.95 1.57 0.17 0.20
Current liabilities 25.64% 17.44% 14.74% 12.39% 13.15%
Long-term debt, excluding current portion 22.45 17.88 19.03 20.56 36.47
Deferred income taxes 5.61 5.06 4.79 5.11 5.72
Noncurrent operating lease liabilities 0.46 0.46 0.54 0.56 0.00
Tax Receivable Agreement liability 0.11 0.32 0.53 0.63 0.00
CVR liability 0.54 0.58 0.48 1.00 0.00
Deferred revenue 0.26 0.21 0.07 0.06 0.28
Derivatives 1.01 0.20 0.00 0.00 0.00
Other 0.60 0.55 0.79 0.68 1.37
Other noncurrent liabilities 2.99% 2.31% 2.35% 2.87% 1.37%
Noncurrent liabilities 31.05% 25.24% 26.23% 28.60% 43.85%
Total liabilities 56.69% 42.68% 40.98% 40.99% 57.00%
Redeemable noncontrolling interest 0.28 0.21 0.21 0.00 0.00
Preferred stock, $0.01 par value, none issued and outstanding 0.00 0.00 0.00 0.00 0.00
Common stock, $0.01 par value 0.01 0.01 0.01 0.01 0.02
Additional paid in capital 73.86 56.03 54.80 54.12 45.44
Retained earnings (accumulated deficit) -23.66 3.48 4.10 4.97 19.05
Accumulated other comprehensive earnings (loss) -0.57 0.30 0.07 -0.04 -1.81
Treasury stock, $0.01 par value, at cost -6.62 -2.73 -0.18 -0.06 -19.72
Total FIS stockholders’ equity 43.01% 57.09% 58.80% 58.99% 42.97%
Noncontrolling interest 0.01 0.01 0.02 0.02 0.03
Total equity 43.03% 57.11% 58.82% 59.01% 43.00%
Total liabilities, redeemable noncontrolling interest and equity 100.00% 100.00% 100.00% 100.00% 100.00%

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.

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