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).

The capital structure of the organization experienced significant volatility between 2018 and 2022, characterized by a marked shift in the balance between total liabilities and total equity. Total liabilities decreased from 57.00% in 2018 to a low of approximately 41% in 2019 and 2020, before climbing sharply to 56.69% by the end of 2022. Conversely, total equity peaked during the 2019-2021 period at approximately 57% to 59% before retreating to 43.03% in 2022.

Current Liabilities and Short-Term Obligations
A consistent upward trend is observed in current liabilities, which rose from 13.15% in 2018 to 25.64% in 2022. This growth is primarily driven by settlement payables, which increased from 4.09% to 10.67%, and short-term borrowings, which rose from 1.12% to 6.00%. Additionally, the current portion of long-term debt saw a significant increase from 0.20% in 2018 to 3.37% in 2022, indicating a higher volume of debt maturing within the short term.
Noncurrent Liabilities and Long-Term Debt
Noncurrent liabilities exhibited a general decline from 43.85% in 2018 to 31.05% in 2022. Long-term debt, excluding the current portion, saw a substantial reduction from 36.47% in 2018 to 20.56% in 2019, followed by a period of relative stability and a slight increase to 22.45% by 2022. Other noncurrent liabilities remained relatively stable, though derivatives emerged as a notable factor in 2022, rising to 1.01% from negligible levels in previous years.
Equity Composition and Retained Earnings
The composition of stockholders' equity underwent a dramatic transformation. Additional paid-in capital grew steadily and significantly, rising from 45.44% in 2018 to 73.86% in 2022. In stark contrast, retained earnings shifted from a positive 19.05% in 2018 to a substantial accumulated deficit of -23.66% by 2022. This divergence suggests that while the company increased its contributed capital, it experienced significant erosion of its earned surplus over the five-year period.
Treasury Stock and Other Equity Items
Treasury stock showed high volatility, starting at -19.72% in 2018, dropping to near zero in 2019, and then gradually increasing to -6.62% by 2022. Accumulated other comprehensive earnings remained a minor component of the total structure, fluctuating between -1.81% and 0.30% without establishing a dominant trend.

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