Stock Analysis on Net
Stock Analysis on Net

Fidelity National Information Services Inc. (NYSE:FIS)

Income Statement 

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Fidelity National Information Services Inc., consolidated income statement

US$ in millions

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12 months ended: Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Revenue 13,877  12,552  10,333  8,423  9,123 
Cost of revenue (8,682) (8,348) (6,610) (5,569) (6,181)
Gross profit 5,195  4,204  3,723  2,854  2,942 
Selling, general and administrative expenses (3,938) (3,516) (2,667) (1,301) (1,450)
Asset impairments (202) (136) (87) (95) — 
Operating income 1,055  552  969  1,458  1,492 
Interest income 2  5  52  17  22 
Interest expense (216) (339) (389) (314) (359)
Other income (expense), net (52) 48  (219) (57) (119)
Other expense, net (266) (286) (556) (354) (456)
Earnings before income taxes and equity method investment loss 789  266  413  1,104  1,036 
(Provision) benefit for income taxes (371) (96) (100) (208) 319 
Equity method investment earnings (loss) 6  (6) (10) (15) (3)
Net earnings 424  164  303  881  1,352 
Net earnings attributable to noncontrolling interest (7) (6) (5) (35) (33)
Net earnings attributable to FIS common stockholders 417  158  298  846  1,319 

Based on: 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), 10-K (reporting date: 2017-12-31).

Income statement item Description The company
Revenue Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Fidelity National Information Services Inc. revenue increased from 2019 to 2020 and from 2020 to 2021.
Operating income The net result for the period of deducting operating expenses from operating revenues. Fidelity National Information Services Inc. operating income decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.
Earnings before income taxes and equity method investment loss Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Fidelity National Information Services Inc. earnings before income taxes and equity method investment loss decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.
Net earnings attributable to FIS common stockholders The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Fidelity National Information Services Inc. net earnings attributable to FIS common stockholders decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.