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.

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.

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

US$ in millions

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Trade accounts payable and other accrued liabilities
Salaries and incentives
Taxes other than income tax
Accrued benefits and payroll taxes
Current operating lease liabilities
Accrued interest payable
Accounts payable, accrued and other liabilities
Settlement payables
Deferred revenue
Short-term borrowings
Current portion of long-term debt
Current liabilities
Long-term debt, excluding current portion
Deferred income taxes
Noncurrent operating lease liabilities
Tax Receivable Agreement liability
CVR liability
Deferred revenue
Derivatives
Other
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-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.