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.

Analysis of Bad Debts

Microsoft Excel

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Allowance for Doubtful Accounts Receivable

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in millions)
Allowance for credit losses
Trade receivables, gross
Financial Ratio
Allowance as a percentage of trade receivables, gross1

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).

1 2022 Calculation
Allowance as a percentage of trade receivables, gross = 100 × Allowance for credit losses ÷ Trade receivables, gross
= 100 × ÷ =


Allowance for credit losses
Over the five-year period, the allowance for credit losses increased significantly from 17 million US dollars in 2018 to 60 million in 2019, followed by a further rise to 82 million in 2020. After peaking in 2020, it slightly decreased to 76 million in 2021 and remained relatively stable at 75 million in 2022.
Trade receivables, gross
Gross trade receivables showed a considerable upward trend from 1,489 million US dollars in 2018 to 3,302 million in 2019, marking more than a twofold increase. Subsequent years saw continued growth, with values rising to 3,396 million in 2020 and peaking at 3,848 million in 2021. However, there was a slight decline to 3,774 million in 2022.
Allowance as a percentage of trade receivables, gross
The allowance as a percentage of gross trade receivables increased from 1.14% in 2018 to 1.82% in 2019, continuing to rise to 2.41% in 2020. After this peak, the percentage declined to 1.98% in 2021 and stabilized at 1.99% in 2022. This pattern reflects a proportionally higher provision for credit losses relative to receivables during 2020, with a moderated but steady allowance ratio in the subsequent years.