Fidelity National Information Services Inc., current enterprise value calculation

Current share price (P)	$53.13
No. shares of common stock outstanding	592,436,518
US$ in millions
Common equity (market value)¹	31,476)
Add: Preferred stock, $0.01 par value, none issued and outstanding (per books)	—)
Add: Noncontrolling interest (per books)	8)
Total equity	31,484)
Add: Short-term borrowings (per books)	3,797)
Add: Current portion of long-term debt (per books)	2,133)
Add: Long-term debt, excluding current portion (per books)	14,207)
Total equity and debt	51,621)
Less: Cash and cash equivalents	2,188)
Enterprise value (EV)	49,433)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 53.13 × 592,436,518

Fidelity National Information Services Inc., EV calculation

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Share price^1, 2	$64.52	$92.25	$134.26	$156.78	$107.12
No. shares of common stock outstanding¹	591,935,473	609,590,707	621,128,642	616,321,624	322,920,584
US$ in millions
Common equity (market value)³	38,192)	56,235)	83,393)	96,627)	34,591)
Add: Preferred stock, $0.01 par value, none issued and outstanding (book value)	—)	—)	—)	—)	—)
Add: Noncontrolling interest (book value)	8)	11)	13)	16)	7)
Total equity	38,200)	56,246)	83,406)	96,643)	34,598)
Add: Short-term borrowings (book value)	3,797)	3,911)	2,750)	2,823)	267)
Add: Current portion of long-term debt (book value)	2,133)	1,617)	1,314)	140)	48)
Add: Long-term debt, excluding current portion (book value)	14,207)	14,825)	15,951)	17,229)	8,670)
Total equity and debt	58,337)	76,599)	103,421)	116,835)	43,583)
Less: Cash and cash equivalents	2,188)	2,010)	1,959)	1,152)	703)
Enterprise value (EV)	56,149)	74,589)	101,462)	115,683)	42,880)

¹ Data adjusted for splits and stock dividends.

² Closing price as at the filing date of Fidelity National Information Services Inc. Annual Report.

³ 2022 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 64.52 × 591,935,473

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Item	Description	The company
EV	Enterprise value is total company value (the market value of common equity, debt, and preferred equity) minus the value of cash and short-term investments.	Fidelity National Information Services Inc. EV decreased from 2020 to 2021 and from 2021 to 2022.

Fidelity National Information Services Inc. (NYSE:FIS)

Enterprise Value (EV)