Stock Analysis on Net
Stock Analysis on Net

Fidelity National Information Services Inc. (NYSE:FIS)

$22.49

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

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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
Settlement payables
Deferred revenue
Short-term borrowings
Current portion of long-term debt
Liabilities held for sale
Current liabilities
Long-term debt, excluding current portion
Deferred income taxes
Other noncurrent liabilities
Noncurrent liabilities
Total liabilities
Redeemable noncontrolling interest
Preferred stock $0.01 par value, none issued and outstanding
Common stock $0.01 par value
Additional paid in capital
Retained earnings (accumulated deficit)
Accumulated other comprehensive earnings (loss)
Treasury stock, $0.01 par value, at cost
Total FIS stockholders’ equity
Noncontrolling interest
Total equity
Total liabilities, redeemable noncontrolling interest and equity

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).

Current Liabilities
Current liabilities as a percentage of total liabilities, redeemable noncontrolling interest, and equity show a fluctuating trend between 2018 and 2023. The values initially decreased from 15.64% in March 2018 to around 9.61% in March 2020. However, from mid-2020 onward, there is a steady increase, reaching a peak of 25.64% by March 2023, indicating a growing proportion of short-term obligations relative to the total financial structure.
Long-Term Debt (Excluding Current Portion)
This component experienced notable volatility. From a high near 50.77% in mid-2019, the ratio dropped sharply to near 20% by late 2019, then fluctuated between approximately 14.76% and 23.02% through to 2023. The long-term debt share as part of total liabilities exhibits general decline in significance with some intermittent rises, reflecting changes in the company’s debt structure or repayment patterns.
Total Liabilities
The total liabilities percentage remained relatively stable around 40% from 2018 to 2020, then surged significantly to 56.69% by March 2023. This ascending trend towards the end of the period suggests an increasing reliance on liabilities for company financing, potentially indicating growing leverage or changes in capital management strategy.
Settlement Payables
Settlement payables as a proportion of total liabilities and equity show a general upward trajectory, beginning at 3.77% in early 2018 and increasing notably to 10.67% in the first quarter of 2023. The sharp increase towards the end of the period indicates a rise in amounts owed related to settlements, possibly due to increased operational activity or changes in payment cycles.
Accounts Payable, Accrued and Other Liabilities
These liabilities showed a gradual decline from 4.17% in early 2018 down to lows near 2.5% for extended periods during 2019 and 2020, before increasing again to above 4% by early 2023. The recent upswing could reflect changes in vendor credit terms or accrual practices.
Short-Term Borrowings
Absent before late 2018, short-term borrowings saw an increasing presence starting at 1.12% and proportionally rising to 6.5% by the first quarter of 2023. The adoption and expansion of short-term debt highlight a tactical component of financing with possible implications for liquidity management.
Current Portion of Long-Term Debt
This ratio remained relatively low throughout, mostly under 1%, but rose noticeably during 2020 to roughly 2.2%, peaking at 3.95% in late 2022 before a slight decline. This suggests an increased amount of long-term debt moving into current liabilities, indicating upcoming repayment obligations requiring attention.
Deferred Revenue
The company's deferred revenue figures exhibit a declining trend, dropping from around 3.45% in early 2018 to below 1.1% for most of the period from mid-2019 onward, with a slight increase at the start of 2023. This stable low level may indicate consistent revenue recognition patterns or shifts in contract structures.
Equity Structure
Total equity as a percentage of total liabilities, redeemable noncontrolling interest, and equity fluctuated between approximately 41% and 59% over the period. Notably, equity dropped sharply to near 43% in early 2023 from a high above 58% in prior years, indicating a reduction in shareholder equity proportion and a corresponding rise in liabilities. This shift could signify capital structure adjustments or accumulated deficits.
Additional Paid-In Capital
Additional paid-in capital showed a strong upward trend, increasing from about 43% in early 2018 to more than 76% by Q1 2023. This growth points to significant equity funding or transaction-related increases boosting the company’s capital base.
Retained Earnings
Retained earnings declined consistently, falling from approximately 17% in early 2018 to deeply negative levels near -25% by early 2023. This sharp reduction signals accumulated losses over time, which could impact the company’s financial stability and investor confidence.
Treasury Stock
The treasury stock percentage increased negatively (in absolute value), from about -16% in early 2018 to nearly -7% by early 2023, indicating consistent share repurchases or stock retirement activities. Such actions may have affected the equity base and reflect management’s approach to capital allocation.
Deferred Income Taxes and Other Noncurrent Liabilities
Deferred income taxes remained fairly stable around 5%, with minor fluctuations, while other noncurrent liabilities hovered around 2-3% over the entire period, showing no significant structural changes.
Noncurrent Liabilities
Noncurrent liabilities as a proportion of total financing sources decreased notably from around 45% in 2018 to an approximate low near 22-25% by early 2022, followed by a partial rebound towards 31% by March 2023. This illustrates shifting balances between short- and long-term financing components.