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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
Quarterly Data

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

Microsoft Excel
Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Accounts payable, accrued and other liabilities 4.04 4.35 3.16 3.59 3.31 3.45 3.02 2.89 2.88 2.96 3.11 2.50 2.67 2.83 2.56 3.13 4.44 4.62 4.25 3.91 4.17
Settlement payables 8.73 10.67 6.48 6.47 6.44 6.38 6.54 5.88 5.75 5.88 5.33 5.10 4.16 5.04 5.72 2.41 3.93 4.09 3.90 3.34 3.77
Deferred revenue 1.35 1.25 0.91 0.91 1.04 0.94 1.06 1.12 1.17 1.05 0.93 1.02 1.09 0.97 0.86 2.40 3.55 3.11 2.92 3.21 3.45
Short-term borrowings 6.50 6.00 3.09 4.57 3.30 4.72 4.26 3.49 3.08 3.28 3.78 3.89 0.90 3.37 3.79 4.59 2.49 1.12 0.00 0.00 0.00
Current portion of long-term debt 3.50 3.37 3.81 3.95 2.87 1.95 0.57 0.59 0.73 1.57 2.20 2.15 0.79 0.17 0.09 0.16 0.22 0.20 0.17 0.16 4.25
Liabilities held for sale 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.12 0.00 0.00
Current liabilities 24.11% 25.64% 17.46% 19.50% 16.97% 17.44% 15.46% 13.97% 13.62% 14.74% 15.36% 14.66% 9.61% 12.39% 13.02% 12.69% 14.63% 13.15% 11.36% 10.62% 15.64%
Long-term debt, excluding current portion 22.77 22.45 17.25 14.76 17.50 17.88 19.38 19.52 19.80 19.03 18.29 18.00 23.02 20.56 20.24 50.77 35.57 36.47 37.98 37.10 32.94
Deferred income taxes 5.72 5.61 4.71 4.76 4.99 5.06 5.04 5.15 5.00 4.79 5.01 4.95 5.01 5.11 5.01 3.94 5.61 5.72 5.92 6.10 5.91
Other noncurrent liabilities 3.02 2.99 2.47 2.34 2.40 2.31 2.23 2.33 2.48 2.42 2.18 2.82 2.52 2.93 2.94 2.19 3.06 1.65 1.84 2.02 2.03
Noncurrent liabilities 31.51% 31.05% 24.43% 21.86% 24.89% 25.24% 26.65% 27.00% 27.28% 26.23% 25.48% 25.76% 30.54% 28.60% 28.20% 56.90% 44.24% 43.85% 45.73% 45.21% 40.89%
Total liabilities 55.62% 56.69% 41.88% 41.36% 41.86% 42.68% 42.11% 40.96% 40.90% 40.98% 40.84% 40.43% 40.15% 40.99% 41.22% 69.59% 58.86% 57.00% 57.09% 55.82% 56.52%
Redeemable noncontrolling interest 0.00 0.28 0.23 0.22 0.21 0.21 0.22 0.21 0.21 0.21 0.21 0.21 0.21 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Preferred stock $0.01 par value, none issued and outstanding 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Common stock $0.01 par value 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.02 0.02 0.02 0.02 0.02
Additional paid in capital 76.63 73.86 59.66 58.57 57.31 56.03 56.76 56.23 56.07 54.80 55.08 55.34 55.23 54.12 53.83 33.13 45.05 45.44 45.22 44.66 43.37
Retained earnings (accumulated deficit) -24.79 -23.66 3.41 3.40 3.35 3.48 3.48 3.55 3.43 4.10 4.27 4.54 4.79 4.97 5.42 14.00 18.93 19.05 18.31 17.98 17.15
Accumulated other comprehensive earnings (loss) -0.60 -0.57 -0.50 -0.25 0.13 0.30 0.19 0.30 0.15 0.07 -0.25 -0.43 -0.30 -0.04 -0.47 -1.33 -1.77 -1.81 -1.83 -1.69 -1.30
Treasury stock, $0.01 par value, at cost -6.89 -6.62 -4.71 -3.32 -2.89 -2.73 -2.77 -1.29 -0.78 -0.18 -0.17 -0.11 -0.11 -0.06 -0.03 -15.42 -21.11 -19.72 -19.18 -17.23 -16.23
Total FIS stockholders’ equity 44.36% 43.01% 57.88% 58.41% 57.92% 57.09% 57.66% 58.81% 58.87% 58.80% 58.94% 59.34% 59.62% 58.99% 58.76% 30.39% 41.11% 42.97% 42.55% 43.74% 43.00%
Noncontrolling interest 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.03 0.03 0.36 0.44 0.48
Total equity 44.38% 43.03% 57.89% 58.42% 57.93% 57.11% 57.68% 58.82% 58.89% 58.82% 58.95% 59.36% 59.63% 59.01% 58.78% 30.41% 41.14% 43.00% 42.91% 44.18% 43.48%
Total liabilities, redeemable noncontrolling interest and equity 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

The capital structure exhibits significant volatility over the analyzed period, characterized by a substantial shift in the balance between total liabilities and total equity. Total liabilities fluctuated from approximately 56% in early 2018 to a peak of 69.59% in June 2019, before maintaining a lower range between 40% and 42% from September 2019 through September 2022. However, a sharp increase is observed in late 2022, with total liabilities returning to 55.62% by March 2023.

Current Liability Trends
Current liabilities remained relatively stable between 10% and 17% for most of the period but experienced a marked increase starting in late 2022. This trend peaked at 25.64% in December 2022 and remained elevated at 24.11% by March 2023. A primary driver of this increase is the growth in settlement payables, which rose from a range of 3% to 4% in 2018 to a peak of 10.67% in December 2022.
Long-term Debt Obligations
Long-term debt, excluding the current portion, showed extreme variance. A significant spike occurred in June 2019, reaching 50.77% of total liabilities, redeemable noncontrolling interest, and equity. Following this peak, long-term debt stabilized between 14% and 23% for several years, before rising again to 22.77% by March 2023.
Equity Composition and Retained Earnings
Total equity mirrored the inverse trend of total liabilities, peaking near 59% between 2019 and 2021 before declining to 44.38% by March 2023. A critical transformation is observed in retained earnings, which declined from approximately 17% to 19% in 2018 down to 3% by 2022, ultimately shifting into a significant accumulated deficit of -24.79% by March 2023.
Paid-in Capital and Treasury Stock
Additional paid-in capital grew consistently, increasing from 43.37% in March 2018 to 76.63% by March 2023, suggesting a heavy reliance on external capital contributions. Simultaneously, the negative impact of treasury stock on total equity decreased from a peak of -21.11% in March 2019 to -6.89% by March 2023.

The overall financial trajectory indicates a transition from a more balanced equity-to-liability ratio to one marked by an accumulated deficit and an increase in short-term obligations. The substantial rise in additional paid-in capital suggests a strategic shift in how the entity finances its operations and manages its equity base amidst the decline of retained earnings.

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