Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Fidelity National Information Services Inc., consolidated cash flow statement

US$ in millions

12 months ended:	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Net earnings (loss)	(16,708)	424)	164)	303)	881)
Depreciation and amortization	3,846)	4,015)	3,714)	2,444)	1,420)
Amortization of debt issue costs	31)	30)	31)	24)	17)
Acquisition-related financing foreign exchange	—)	—)	—)	(125)	—)
Asset impairments	17,709)	202)	136)	87)	95)
(Gain) loss on sale of businesses, investments and other	(53)	(227)	9)	18)	50)
Loss on extinguishment of debt	—)	528)	—)	217)	1)
Stock-based compensation	215)	383)	283)	402)	84)
Deferred income taxes	(544)	(81)	(206)	(109)	(116)
Trade and other receivables	(155)	(552)	(75)	(161)	78)
Settlement activity	287)	653)	862)	(165)	9)
Prepaid expenses and other assets	(319)	(526)	(278)	(112)	(16)
Deferred contract costs	(479)	(453)	(473)	(379)	(248)
Deferred revenue	21)	23)	58)	40)	(100)
Accounts payable, accrued liabilities, and other liabilities	88)	391)	217)	(74)	(162)
Net changes in assets and liabilities, net of effects from acquisitions and foreign currency	(557)	(464)	311)	(851)	(439)
Adjustment to reconcile net earnings (loss) to net cash provided by operating activities	20,647)	4,386)	4,278)	2,107)	1,112)
Net cash provided by operating activities	3,939)	4,810)	4,442)	2,410)	1,993)
Additions to property and equipment	(268)	(320)	(263)	(200)	(127)
Additions to software	(1,122)	(931)	(866)	(628)	(495)
Acquisitions, net of cash acquired	—)	(767)	(469)	(6,632)	—)
Net proceeds from sale of businesses and investments	50)	370)	—)	49)	(16)
Settlement of net investment hedge cross-currency interest rate swaps	726)	(24)	—)	—)	—)
Proceeds from sale of Visa preferred stock	269)	—)	552)	—)	—)
Other investing activities, net	(28)	(99)	132)	(90)	(30)
Net cash used in investing activities	(373)	(1,771)	(914)	(7,501)	(668)
Borrowings	75,335)	54,073)	47,695)	33,352)	26,371)
Repayment of borrowings and other financing obligations	(74,410)	(53,440)	(49,067)	(24,672)	(26,148)
Debt issuance costs	(23)	(74)	—)	(101)	(30)
Net proceeds from stock issued under stock-based compensation plans	57)	121)	332)	161)	288)
Treasury stock activity	(1,938)	(2,114)	(112)	(453)	(1,255)
Dividends paid	(1,138)	(961)	(868)	(656)	(421)
Payments on contingent value rights	(245)	—)	(691)	—)	—)
Payments on tax receivable agreement	(185)	(85)	(32)	—)	—)
Other financing activities, net	(26)	(58)	(8)	(50)	(41)
Net cash provided by (used in) financing activities	(2,573)	(2,538)	(2,751)	7,581)	(1,236)
Effect of foreign currency exchange rate changes on cash	(463)	(248)	42)	18)	(51)
Net increase (decrease) in cash, cash equivalents and restricted cash	530)	253)	819)	2,508)	38)
Cash, cash equivalents and restricted cash, beginning of year	4,283)	4,030)	3,211)	703)	665)
Cash, cash equivalents and restricted cash, end of year	4,813)	4,283)	4,030)	3,211)	703)

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).

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Cash flow statement item	Description	The company
Net cash provided by operating activities	Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.	Fidelity National Information Services Inc. net cash provided by operating activities increased from 2020 to 2021 but then decreased significantly from 2021 to 2022.
Net cash used in investing activities	Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.	Fidelity National Information Services Inc. net cash used in investing activities decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.
Net cash provided by (used in) financing activities	Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.	Fidelity National Information Services Inc. net cash provided by (used in) financing activities increased from 2020 to 2021 but then slightly decreased from 2021 to 2022.

Fidelity National Information Services Inc. (NYSE:FIS)

Cash Flow Statement