Selected Financial Data
since 2005
Income Statement
Fidelity National Information Services Inc., selected items from income statement, long-term trends
US$ in millions
| 12 months ended: | Revenue | Operating income | Net earnings attributable to FIS common stockholders |
|---|---|---|---|
| Dec 31, 2022 | 14,528) | (16,119) | (16,720) |
| Dec 31, 2021 | 13,877) | 1,055) | 417) |
| Dec 31, 2020 | 12,552) | 552) | 158) |
| Dec 31, 2019 | 10,333) | 969) | 298) |
| Dec 31, 2018 | 8,423) | 1,458) | 846) |
| Dec 31, 2017 | 9,123) | 1,492) | 1,319) |
| Dec 31, 2016 | 9,241) | 1,298) | 568) |
| Dec 31, 2015 | 6,595) | 1,099) | 632) |
| Dec 31, 2014 | 6,414) | 1,271) | 679) |
| Dec 31, 2013 | 6,071) | 1,064) | 493) |
| Dec 31, 2012 | 5,808) | 1,079) | 461) |
| Dec 31, 2011 | 5,746) | 1,067) | 470) |
| Dec 31, 2010 | 5,270) | 801) | 405) |
| Dec 31, 2009 | 3,770) | 278) | 106) |
| Dec 31, 2008 | 3,446) | 335) | 215) |
| Dec 31, 2007 | 4,758) | 746) | 561) |
| Dec 31, 2006 | 4,133) | 592) | 259) |
| Dec 31, 2005 | 2,766) | 437) | 197) |
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), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Revenue exhibits a consistent long-term expansion trend, increasing from 2,766 million USD in 2005 to 14,528 million USD by 2022. This represents a substantial increase in scale, characterized by sustained growth despite a temporary contraction observed in 2008.
- Revenue Growth Patterns
- A significant acceleration in top-line growth is observed between 2015 and 2016, where revenue rose from 6,595 million USD to 9,241 million USD. This upward trajectory continued through the final three years of the period, with the highest recorded revenue achieved in 2022.
- Operating Income Volatility
- Operating income showed steady growth from 2005 through 2017, peaking at 1,492 million USD. However, a marked decline began in 2019, followed by a severe collapse in 2022, where operating income fell to negative 16,119 million USD. This divergence between increasing revenue and plummeting operating income indicates a significant non-recurring expense or massive impairment charge in the final year.
- Net Earnings Analysis
- Net earnings attributable to common stockholders mirrored the trend of operating income, reaching a peak of 1,319 million USD in 2017. After a period of instability between 2018 and 2021, a catastrophic net loss of 16,720 million USD was recorded in 2022, suggesting that the losses were driven primarily by operating-level events rather than tax or interest anomalies.
The financial trajectory is defined by a stark decoupling of revenue growth and profitability in the most recent reporting year. While the entity expanded its revenue base by more than five times over the 17-year period, the 2022 fiscal year represents a critical anomaly that completely erased the cumulative earnings gains of the preceding years.
AI Ask an analyst for more
Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
How can I help you?
Balance Sheet: Assets
Fidelity National Information Services Inc., selected items from assets, long-term trends
US$ in millions
| Current assets | Total assets | |
|---|---|---|
| Dec 31, 2022 | 12,818) | 63,278) |
| Dec 31, 2021 | 10,708) | 82,931) |
| Dec 31, 2020 | 9,898) | 83,842) |
| Dec 31, 2019 | 8,692) | 83,806) |
| Dec 31, 2018 | 3,733) | 23,770) |
| Dec 31, 2017 | 3,606) | 24,517) |
| Dec 31, 2016 | 4,282) | 26,031) |
| Dec 31, 2015 | 3,511) | 26,269) |
| Dec 31, 2014 | 2,473) | 14,521) |
| Dec 31, 2013 | 2,352) | 13,960) |
| Dec 31, 2012 | 1,844) | 13,550) |
| Dec 31, 2011 | 1,683) | 13,848) |
| Dec 31, 2010 | 1,673) | 14,162) |
| Dec 31, 2009 | 1,666) | 13,998) |
| Dec 31, 2008 | 1,180) | 7,514) |
| Dec 31, 2007 | 1,829) | 9,795) |
| Dec 31, 2006 | 1,301) | 7,631) |
| Dec 31, 2005 | 791) | 4,189) |
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), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
The asset base of Fidelity National Information Services Inc. underwent substantial expansion and periodic volatility between 2005 and 2022. Total assets grew from 4,189 million US dollars in 2005 to a peak of 83,842 million US dollars in 2020, before contracting to 63,278 million US dollars by the end of 2022.
- Total Asset Expansion and Volatility
- Significant step-increases in total assets are observed in 2009, 2015, and 2019. The most dramatic growth occurred in 2019, when total assets surged from 23,770 million US dollars to 83,806 million US dollars, representing a more than three-fold increase in a single fiscal year. Following this peak, a notable contraction is evident between 2021 and 2022, where total assets decreased by approximately 23.7%.
- Current Asset Trajectory
- Current assets exhibited a consistent long-term upward trend, rising from 791 million US dollars in 2005 to 12,818 million US dollars in 2022. This growth remained steady until 2018, after which it accelerated sharply, more than doubling between 2018 and 2019. Unlike total assets, current assets did not experience a decline in the final reporting year, reaching their highest historical value in 2022.
- Liquidity and Asset Composition
- A shift in the composition of the balance sheet is observable toward the end of the period. While total assets declined between 2021 and 2022, current assets continued to increase. This divergence indicates an increase in the proportion of liquid assets relative to the total asset base, suggesting a change in the company's asset allocation or liquidity position during the final year of the analyzed period.
AI Ask an analyst for more
Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
How can I help you?
Balance Sheet: Liabilities and Stockholders’ Equity
Fidelity National Information Services Inc., selected items from liabilities and stockholders’ equity, long-term trends
US$ in millions
| Current liabilities | Total liabilities | Total debt | Total FIS stockholders’ equity | |
|---|---|---|---|---|
| Dec 31, 2022 | 16,224) | 35,872) | —) | 27,218) |
| Dec 31, 2021 | 14,466) | 35,399) | 20,353) | 47,347) |
| Dec 31, 2020 | 12,361) | 34,355) | 20,015) | 49,300) |
| Dec 31, 2019 | 10,382) | 34,350) | 20,192) | 49,440) |
| Dec 31, 2018 | 3,125) | 13,548) | 8,985) | 10,215) |
| Dec 31, 2017 | 3,923) | 13,573) | 8,763) | 10,835) |
| Dec 31, 2016 | 3,151) | 16,186) | 10,478) | 9,741) |
| Dec 31, 2015 | 2,364) | 16,862) | 11,513) | 9,321) |
| Dec 31, 2014 | 1,599) | 7,829) | 5,068) | 6,557) |
| Dec 31, 2013 | 1,673) | 7,223) | 4,469) | 6,581) |
| Dec 31, 2012 | 1,257) | 6,756) | 4,386) | 6,641) |
| Dec 31, 2011 | 1,355) | 7,197) | 4,810) | 6,503) |
| Dec 31, 2010 | 1,286) | 7,600) | 5,192) | 6,403) |
| Dec 31, 2009 | 1,235) | 5,479) | 3,253) | 8,309) |
| Dec 31, 2008 | 852) | 3,817) | 2,515) | 3,533) |
| Dec 31, 2007 | 1,254) | 5,999) | 4,275) | 3,781) |
| Dec 31, 2006 | 881) | 4,475) | 3,010) | 3,143) |
| Dec 31, 2005 | 598) | 3,481) | 2,564) | 695) |
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), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
The balance sheet exhibits significant expansion across all primary categories between 2005 and 2022, characterized by two distinct periods of rapid growth in 2015 and 2019. The overall trajectory indicates a substantial increase in the scale of operations and a fundamental shift in capital structure.
- Liability Growth and Composition
- Total liabilities rose from 3.48 billion USD in 2005 to 35.87 billion USD in 2022. A notable acceleration occurred in 2015, where liabilities increased from 7.83 billion USD to 16.86 billion USD. A second, more pronounced spike occurred in 2019, where total liabilities jumped from 13.55 billion USD to 34.35 billion USD. Simultaneously, the composition of liabilities shifted toward the short term; current liabilities represented approximately 17% of total liabilities in 2005 but grew to approximately 45% by 2022.
- Equity Dynamics
- Stockholders' equity experienced a long-term upward trend, growing from 695 million USD in 2005 to a peak of 49.44 billion USD in 2019. The surge in 2019 reflects a massive infusion of capital or a significant accounting revaluation. However, a sharp contraction is observed in 2022, with equity falling to 27.22 billion USD, representing a nearly 43% decrease from the 2021 level, despite total liabilities remaining relatively stable.
- Debt and Solvency Patterns
- Total debt followed a similar trajectory to total liabilities, increasing from 2.56 billion USD in 2005 to over 20 billion USD by 2019. In the early period (2005-2014), the company operated with a higher debt-to-equity ratio. The capital structure shifted drastically in 2019, as the surge in equity significantly lowered the company's leverage. By 2021, equity was more than double the total debt. This solvency position weakened in 2022 due to the substantial reduction in stockholders' equity while total liabilities continued to climb slightly.
AI Ask an analyst for more
Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
How can I help you?
Cash Flow Statement
Fidelity National Information Services Inc., selected items from cash flow statement, long-term trends
US$ in millions
| 12 months ended: | Net cash provided by operating activities | Net cash (used in) provided by investing activities | Net cash provided by (used in) financing activities |
|---|---|---|---|
| Dec 31, 2022 | 3,939) | (373) | (2,573) |
| Dec 31, 2021 | 4,810) | (1,771) | (2,538) |
| Dec 31, 2020 | 4,442) | (914) | (2,751) |
| Dec 31, 2019 | 2,410) | (7,501) | 7,581) |
| Dec 31, 2018 | 1,993) | (668) | (1,236) |
| Dec 31, 2017 | 1,741) | 690) | (2,480) |
| Dec 31, 2016 | 1,925) | (619) | (1,309) |
| Dec 31, 2015 | 1,137) | (1,898) | 1,015) |
| Dec 31, 2014 | 1,165) | (985) | (198) |
| Dec 31, 2013 | 1,060) | (465) | (546) |
| Dec 31, 2012 | 1,047) | (23) | (921) |
| Dec 31, 2011 | 1,172) | (299) | (785) |
| Dec 31, 2010 | 1,071) | (644) | (519) |
| Dec 31, 2009 | 714) | 249) | (770) |
| Dec 31, 2008 | 596) | (273) | (438) |
| Dec 31, 2007 | 464) | (1,546) | 1,224) |
| Dec 31, 2006 | 495) | (189) | (229) |
| Dec 31, 2005 | 426) | (287) | (197) |
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), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
The cash flow profile from 2005 to 2022 exhibits a consistent and significant expansion in operational cash generation, complemented by strategic shifts in investment and financing activities to support corporate growth.
- Operating Cash Flow Trends
- Net cash provided by operating activities demonstrates a strong long-term upward trajectory. Between 2005 and 2010, cash flow grew from 426 million to 1,071 million. Following a period of relative stability between 2011 and 2015, a substantial acceleration occurred starting in 2016, with values peaking at 4,810 million in 2021. This represents a more than ten-fold increase in operational cash generation over the analyzed period, indicating a significant scaling of the core business operations.
- Investment Activity and Capital Allocation
- Investing activities are characterized by consistent net outflows, typical of a growth-oriented strategy. While most years show moderate expenditures, notable spikes occurred in 2007 (1,546 million) and 2015 (1,898 million). A major anomaly is observed in 2019, with a significant net cash outflow of 7,501 million, suggesting a large-scale acquisition or strategic capital investment. By 2022, investing outflows normalized to 373 million.
- Financing Activity and Capital Structure
- Financing activities primarily reflect a pattern of returning capital to shareholders or settling debt, as evidenced by consistent negative values in most years. However, financing inflows occurred in 2007, 2015, and most prominently in 2019, where net cash provided by financing activities reached 7,581 million. The near-exact correlation between the financing inflow and investing outflow in 2019 indicates that the major investment during that year was funded through external financing. From 2020 to 2022, financing activities returned to a steady outflow range of 2,538 million to 2,751 million annually.
- Overall Cash Flow Dynamic
- The relationship between operating and financing cash flows shifted over time. In the earlier years of the period, operating cash flows were modest and often offset by financing outflows. In the latter years, specifically from 2020 onward, the massive increase in operating cash flow provided a substantial internal cushion, allowing the company to maintain significant financing outflows—likely for dividends or share repurchases—while still sustaining operations and smaller investments.
AI Ask an analyst for more
Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
How can I help you?
Per Share Data
Fidelity National Information Services Inc., selected data per share, long-term trends
US$
| 12 months ended: | Basic earnings per share 1 | Diluted earnings per share 2 | Dividend per share 3 |
|---|---|---|---|
| Dec 31, 2022 | -27.68 | -27.68 | 1.88 |
| Dec 31, 2021 | 0.68 | 0.67 | 1.56 |
| Dec 31, 2020 | 0.26 | 0.25 | 1.40 |
| Dec 31, 2019 | 0.67 | 0.66 | 1.40 |
| Dec 31, 2018 | 2.58 | 2.55 | 1.28 |
| Dec 31, 2017 | 4.00 | 3.93 | 1.16 |
| Dec 31, 2016 | 1.74 | 1.72 | 1.04 |
| Dec 31, 2015 | 2.22 | 2.19 | 1.04 |
| Dec 31, 2014 | 2.38 | 2.35 | 0.96 |
| Dec 31, 2013 | 1.70 | 1.68 | 0.88 |
| Dec 31, 2012 | 1.58 | 1.55 | 0.80 |
| Dec 31, 2011 | 1.56 | 1.53 | 0.20 |
| Dec 31, 2010 | 1.17 | 1.15 | 0.20 |
| Dec 31, 2009 | 0.45 | 0.44 | 0.20 |
| Dec 31, 2008 | 1.12 | 1.11 | 0.20 |
| Dec 31, 2007 | 2.91 | 2.86 | 0.20 |
| Dec 31, 2006 | 1.39 | 1.37 | 0.20 |
| Dec 31, 2005 | 1.54 | 1.53 | 0.20 |
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), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1, 2, 3 Data adjusted for splits and stock dividends.
The financial data reveals a stark divergence between earnings performance and dividend policy over the period from 2005 to 2022. While earnings per share exhibited extreme volatility, including a significant collapse in the final year of the period, dividend distributions followed a consistent and disciplined growth trajectory.
- Earnings Per Share Trends
- Basic and diluted earnings per share followed nearly identical paths, characterized by several cycles of growth and contraction. Initial growth peaked in 2007 at 2.91 per share before a sharp decline in 2008 and 2009, reaching a low of 0.45. A recovery phase ensued, leading to a secondary peak of 4.00 in 2017. However, this was followed by a precipitous decline starting in 2018, culminating in a substantial net loss of 27.68 per share in 2022.
- Dividend Distribution Patterns
- Dividend payments remained stagnant at 0.20 per share from 2005 through 2011. Starting in 2012, a strategic shift occurred, evidenced by a jump to 0.80 per share. From 2013 to 2022, dividends increased annually without exception, rising from 0.88 to 1.88 per share. This upward trend continued regardless of the volatility or negative trajectory of the earnings per share.
- Earnings-to-Dividend Correlation
- An inverse relationship is observed between earnings stability and dividend growth in the latter half of the period. Between 2019 and 2022, as basic earnings per share crashed from 0.67 to -27.68, dividends per share continued to rise from 1.40 to 1.88. This suggests a dividend policy that is decoupled from short-term earnings volatility, indicating a commitment to shareholder distributions despite significant bottom-line losses in the most recent fiscal year.
AI Ask an analyst for more
Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
How can I help you?