Balance Sheet: Liabilities and Stockholders’ Equity

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Fidelity National Information Services Inc., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Trade accounts payable and other accrued liabilities	1,620)	1,829)	1,576)	1,386)	687)
Salaries and incentives	410)	403)	261)	414)	218)
Taxes other than income tax	387)	299)	236)	220)	57)
Accrued benefits and payroll taxes	104)	134)	155)	116)	66)
Current operating lease liabilities	120)	146)	152)	129)	—)
Accrued interest payable	113)	53)	102)	109)	71)
Accounts payable, accrued and other liabilities	2,754)	2,864)	2,482)	2,374)	1,099)
Settlement payables	6,752)	5,295)	4,934)	4,228)	972)
Deferred revenue	788)	779)	881)	817)	739)
Short-term borrowings	3,797)	3,911)	2,750)	2,823)	267)
Current portion of long-term debt	2,133)	1,617)	1,314)	140)	48)
Current liabilities	16,224)	14,466)	12,361)	10,382)	3,125)
Long-term debt, excluding current portion	14,207)	14,825)	15,951)	17,229)	8,670)
Deferred income taxes	3,550)	4,193)	4,017)	4,281)	1,360)
Noncurrent operating lease liabilities	294)	378)	453)	466)	—)
Tax Receivable Agreement liability	69)	267)	447)	532)	—)
CVR liability	342)	478)	401)	838)	—)
Deferred revenue	165)	175)	59)	52)	67)
Derivatives	641)	165)	—)	—)	—)
Other	380)	452)	666)	570)	326)
Other noncurrent liabilities	1,891)	1,915)	1,967)	2,406)	326)
Noncurrent liabilities	19,648)	20,933)	21,994)	23,968)	10,423)
Total liabilities	35,872)	35,399)	34,355)	34,350)	13,548)
Redeemable noncontrolling interest	180)	174)	174)	—)	—)
Preferred stock, $0.01 par value, none issued and outstanding	—)	—)	—)	—)	—)
Common stock, $0.01 par value	6)	6)	6)	6)	4)
Additional paid in capital	46,735)	46,466)	45,947)	45,358)	10,800)
Retained earnings (accumulated deficit)	(14,971)	2,889)	3,440)	4,161)	4,528)
Accumulated other comprehensive earnings (loss)	(360)	252)	57)	(33)	(430)
Treasury stock, $0.01 par value, at cost	(4,192)	(2,266)	(150)	(52)	(4,687)
Total FIS stockholders’ equity	27,218)	47,347)	49,300)	49,440)	10,215)
Noncontrolling interest	8)	11)	13)	16)	7)
Total equity	27,226)	47,358)	49,313)	49,456)	10,222)
Total liabilities, redeemable noncontrolling interest and equity	63,278)	82,931)	83,842)	83,806)	23,770)

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).

Trade Accounts Payable and Other Accrued Liabilities: This item increased significantly from 687 million in 2018 to a peak of 1,829 million in 2021, followed by a decline to 1,620 million in 2022, indicating fluctuating short-term operational obligations.
Salaries and Incentives: Salaries and incentives showed variability, rising sharply from 218 million in 2018 to 414 million in 2019, then dropping to 261 million in 2020. The figures subsequently increased again, stabilizing around 410 million in 2022.
Taxes Other Than Income Tax: A clear upward trend is observed, with tax expenses growing steadily from 57 million in 2018 to 387 million in 2022, suggesting increased non-income tax obligations over the period.
Accrued Benefits and Payroll Taxes: After increasing from 66 million in 2018 to 155 million in 2020, this liability declined over the next two years to 104 million in 2022, reflecting potential changes in payroll-related liabilities.
Current Operating Lease Liabilities: The data beginning from 2019 show a gradual decrease in lease liabilities from 129 million in 2019 to 120 million in 2022, possibly indicating lease terminations or renegotiations.
Accrued Interest Payable: This liability fluctuated, increasing from 71 million in 2018 to 109 million in 2019, then decreasing to 53 million in 2021, before rising again to 113 million in 2022, suggesting variability in interest expenses or payment timing.
Accounts Payable, Accrued and Other Liabilities: A notable rise occurred from 1,099 million in 2018 to a peak of 2,864 million in 2021, before a slight reduction to 2,754 million in 2022, indicating increasing operational liabilities.
Settlement Payables: Settlement payables expanded substantially, growing from 972 million in 2018 to 6,752 million in 2022, marking a significant rise that may reflect increased outstanding settlements or payables related to legal or business agreements.
Deferred Revenue (Current): Current deferred revenue remained relatively stable, fluctuating around the 700 to 880 million range between 2018 and 2022, with no clear upward or downward trend.
Short-term Borrowings: Short-term borrowings increased sharply from 267 million in 2018 to around 3,800 million by 2022, indicating growing reliance on short-term debt financing.
Current Portion of Long-term Debt: This liability rose markedly from 48 million in 2018 to 2,133 million in 2022, revealing an increasing near-term debt repayment obligation.
Current Liabilities (Total): Total current liabilities escalated significantly from 3,125 million in 2018 to 16,224 million in 2022, reflecting growth in short-term financial commitments.
Long-term Debt, Excluding Current Portion: Long-term debt peaked at 17,229 million in 2019 but declined gradually thereafter to 14,207 million in 2022, suggesting some debt repayments or refinancing activities.
Deferred Income Taxes: Deferred income taxes surged from 1,360 million in 2018 to a peak of 4,281 million in 2019 before decreasing to 3,550 million by 2022, indicating changes in tax timing differences or tax planning strategies.
Noncurrent Operating Lease Liabilities: These liabilities decreased steadily from 466 million in 2019 to 294 million in 2022, suggesting reduction in long-term lease commitments.
Tax Receivable Agreement Liability: There was a consistent decline from 532 million in 2019 to 69 million in 2022, indicating settlement or payoff of related tax obligations.
CVR Liability: The Contingent Value Rights (CVR) liability decreased from 838 million in 2019 to 342 million in 2022, demonstrating partial resolution or reduction of contingent obligations.
Deferred Revenue (Noncurrent): Noncurrent deferred revenue grew moderately from 67 million in 2018 to 175 million in 2021, then slightly declined to 165 million in 2022.
Derivatives: Reportable starting 2021 with 165 million, derivatives liabilities increased markedly to 641 million in 2022, reflecting increased derivative financial instruments exposure or valuation changes.
Other Noncurrent Liabilities: These liabilities peaked at 2,406 million in 2019 before falling and stabilizing around 1,900 million from 2020 through 2022.
Noncurrent Liabilities (Total): Overall, noncurrent liabilities rose from 10,423 million in 2018 to 23,968 million in 2019, then declined gradually to 19,648 million in 2022, indicating long-term obligations increased sharply before tapering.
Total Liabilities: Total liabilities more than doubled from 13,548 million in 2018 to 34,350 million in 2019, then remained relatively flat around 34,000 to 35,000 million through 2022, demonstrating a major increase followed by stabilization.
Redeemable Noncontrolling Interest: This interest appeared in 2020 at 174 million and remained steady around that amount through 2022.
Common Stock: Common stock value slightly increased from 4 million in 2018 to 6 million in 2019 and then remained constant.
Additional Paid in Capital: Additional paid-in capital increased substantially in 2019 from 10,800 million in 2018 to 45,358 million, then showed modest increases to 46,735 million by 2022, reflecting equity financing activity.
Retained Earnings (Accumulated Deficit): Retained earnings declined steadily from 4,528 million in 2018 to a negative 14,971 million in 2022, indicating accumulated losses or significant distributions reducing retained earnings.
Accumulated Other Comprehensive Earnings (Loss): This figure improved from a negative 430 million in 2018 to positive 252 million in 2021 before reversing sharply to a loss of 360 million in 2022, showing volatility in comprehensive income components.
Treasury Stock: Treasury stock holdings fluctuated markedly, improving from negative 4,687 million in 2018 to about negative 52 million in 2019, then worsening to negative 4,192 million by 2022, suggesting significant repurchases or changes in treasury stock accounting.
Total FIS Stockholders' Equity: Stockholders' equity increased dramatically from 10,215 million in 2018 to approximately 49,440 million in 2019, then decreased gradually to 27,218 million in 2022, reflecting both capital inflows and retained losses.
Noncontrolling Interest: Minor fluctuations were noted, with values ranging from 7 million in 2018 to 16 million in 2019, decreasing to 8 million in 2022.
Total Equity: Total equity mirrored trends in stockholders' equity, peaking in 2019 near 49,456 million followed by a decline to 27,226 million in 2022.
Total Liabilities, Redeemable Noncontrolling Interest and Equity: The aggregate of liabilities and equity increased substantially from 23,770 million in 2018 to a peak of approximately 83,842 million in 2020, then declined to 63,278 million in 2022, indicating major changes in the company’s financial structure during this period.

Download chart

Fidelity National Information Services Inc. (NYSE:FIS)

Balance Sheet: Liabilities and Stockholders’ Equity