Stock Analysis on Net

Fidelity National Information Services Inc. (NYSE:FIS)

Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Fidelity National Information Services Inc., consolidated balance sheet: assets

US$ in millions

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Cash and cash equivalents 1,959  1,152  703  665  683 
Settlement deposits and merchant float 3,252  2,882  700  677  520 
Trade receivables, net of allowance for credit losses 3,314  3,242  1,472  1,650  1,639 
Contract assets 140  124  123  —  — 
Settlement receivables 662  647  281  291  175 
Other receivables 317  337  166  70  65 
Prepaid expenses and other current assets 254  308  288  253  236 
Deferred income taxes —  —  —  —  101 
Assets held for sale —  —  —  —  863 
Current assets 9,898  8,692  3,733  3,606  4,282 
Property and equipment, net 887  900  587  610  626 
Goodwill 53,268  52,242  13,545  13,730  14,178 
Intangible assets, net 13,928  15,798  3,132  3,950  4,664 
Software, net 3,370  3,204  1,795  1,728  1,608 
Visa Europe and contingent value rights ("CVR") related assets 70  940  —  —  — 
Operating lease ROU assets 534  564  —  —  — 
Other 970  799  503  531  363 
Other noncurrent assets 1,574  2,303  503  531  363 
Contract costs on implementations in progress 245  138  93  66  57 
Contract origination costs on completed implementations, net 470  352  219  120  108 
Contract fulfillment costs on completed implementations, net 202  177  163  176  145 
Deferred contract costs, net 917  667  475  362  310 
Noncurrent assets 73,944  75,114  20,037  20,911  21,749 
Total assets 83,842  83,806  23,770  24,517  26,031 

Based on: 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31).


Assets: Selected Items

Balance sheet item Description The company
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Fidelity National Information Services Inc. current assets increased from 2018 to 2019 and from 2019 to 2020.
Property and equipment, net Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Fidelity National Information Services Inc. property and equipment, net increased from 2018 to 2019 but then slightly decreased from 2019 to 2020.
Noncurrent assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. Fidelity National Information Services Inc. noncurrent assets increased from 2018 to 2019 but then slightly decreased from 2019 to 2020.
Total assets Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Fidelity National Information Services Inc. total assets increased from 2018 to 2019 and from 2019 to 2020.

Current Assets: Selected Items

Balance sheet item Description The company
Cash and cash equivalents Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Fidelity National Information Services Inc. cash and cash equivalents increased from 2018 to 2019 and from 2019 to 2020.
Trade receivables, net of allowance for credit losses Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Fidelity National Information Services Inc. trade receivables, net of allowance for credit losses increased from 2018 to 2019 and from 2019 to 2020.