Value Sense
FIS
Fidelity National Information Services, Inc. (FIS)
Last Price$72.21.5%
Market Cap$38.5B
LTM Revenue
$10.1B
-17.4% YoY
LTM Net Income
$825.0M
N/A
LTM Net Debt
$770.0M
Net Debt to FCF - 0.4x
LTM Free Cash Flow (FCF)
$2,067.0M
20.4% margin

FIS Income Statement

FIS Income Statement Overview

Annual
Quarterly
LTM
Dec'14
Dec'15
Dec'16
Dec'17
Dec'18
Dec'19
Dec'20
Dec'21
Dec'22
Dec'23
Revenue
$9,821.0M (32.4%) YoY
Gross profit
$3,676.0M (35.6%) YoY
37.4% margin
Cost of revenue
$6,145.0M (30.3%) YoY
Operating income
$1,467.0M (11.3%) YoY
14.9% margin
Other: $183.0M
Net interest: $621.0M
Operating expenses
$2,209.0M (46.4%) YoY
Pre-tax income
$663.0M 0.0% YoY
6.8% margin
Net income
$6,654.0M (60.2%) YoY
(67.8%) margin
Income tax
$157.0M
23.7% tax rate
SG&A
$2,096.0M (49.1%) YoY
21.3% of revenue

FIS Income statement key metrics

Annual
Quarterly
LTM

Revenue

$9,821.0M -32.4% YoY

Operating Income

$1,467.0M -11.3% YoY

Net Income

($6,654.0M) -60.2% YoY

FIS Balance Sheet

FIS Balance Sheet Overview

Annual
Quarterly
LTM
Dec'14
Dec'15
Dec'16
Dec'17
Dec'18
Dec'19
Dec'20
Dec'21
Dec'22
Dec'23
Assets
Liabilities
Total assets
$55.1B
Current assets ($13.8B, 25.0% of total)
Cash & ST investments
$440.0M (0.8%)
Accounts receivables
$2,171.0M (3.9%)
Other current assets
$11.2B (20.3%)
Non-current assets ($41.3B, 75.0% of total)
Long-term investments
$195.0M (0.4%)
Intangible assets
$3,938.0M (7.1%)
Other non-current assets
$36.3B (65.8%)
Financial position
Net Debt
$18.9B
$440.0M$19.3B
Cash & Short-term Investments
Total Debt
Quick ratio
0.1x
Net Debt to Free Cash Flow
5.9x
Debt to Equity ratio
101.3%

FIS Balance Sheet Metrics

Annual
Quarterly
LTM

Assets

$55.1B -12.9% YoY

Liabilities

$36.0B +0.4% YoY

Shareholder's Equity

$19.1B -30.3% YoY

FIS Cash Flow Statement

FIS Cash Flow Statement Overview

Annual
Quarterly
LTM
Dec'14
Dec'15
Dec'16
Dec'17
Dec'18
Dec'19
Dec'20
Dec'21
Dec'22
Dec'23
Cash Beginning of PeriodOperating Cash FlowInvesting Cash FlowFinancing Cash FlowForex Changes on CashCash End of Period$4,813.0M$4,335.0M($1,352.0M)($3,493.0M)$111.0M$4,414.0M

FIS Cash Flow Statement key metrics

Annual
Quarterly
LTM

Operating Cash Flow (OCF)

$4,335.0M +10.1% YoY

Capital Expenditure (CAPEX)

($1,122.0M) -19.3% YoY

Free Cash Flow (FCF)

$3,213.0M +26.0% YoY

FIS Financials

USD
Millions
Billions
Annual
Quarterly
Trailing
Key stats
Income statement
Balance sheet
Cash Flow Statement
Valuation
Ratios
Per share
Per employee
Dividends & Yields
Dec'04Dec'05Dec'06Dec'07Dec'08Dec'09Dec'10Dec'11Dec'12Dec'13Dec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23
Revenue
% growth
1,039.5
0.0%
1,117.1
7.5%
4,132.6
269.9%
4,758.0
15.1%
3,446.0
(27.6%)
3,769.5
9.4%
5,269.5
39.8%
5,745.7
9.0%
5,807.6
1.1%
6,070.7
4.5%
6,413.8
5.7%
6,595.2
2.8%
9,241.0
40.1%
8,668.0
(6.2%)
8,423.0
(2.8%)
10,333.0
22.7%
12,552.0
21.5%
13,877.0
10.6%
14,528.0
4.7%
9,821.0
(32.4%)
Cost of Goods Sold (COGS)739.6791.62,929.63,401.92,636.92,800.63,637.73,998.03,946.94,085.64,332.74,393.26,233.05,794.05,569.06,610.08,348.08,682.08,820.06,145.0
Gross Profit
% margin
299.9
28.9%
325.6
29.1%
1,203.0
29.1%
1,356.1
28.5%
809.1
23.5%
968.9
25.7%
1,631.8
31.0%
1,747.7
30.4%
1,860.7
32.0%
1,985.1
32.7%
2,081.1
32.4%
2,202.0
33.4%
3,008.0
32.6%
2,874.0
33.2%
2,854.0
33.9%
3,723.0
36.0%
4,204.0
33.5%
5,195.0
37.4%
5,708.0
39.3%
3,676.0
37.4%
Operating Expenses120.3129.4611.1610.4474.2554.1675.8671.8781.5920.7810.51,102.81,710.01,442.01,301.02,667.03,516.03,938.04,118.02,209.0
Research & Development Expenses (R&D)0.00.0105.6106.384.80.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0
Selling, General & Administrative Expenses (SG&A)120.3129.4505.5504.1389.4554.1675.8671.8781.5920.7810.51,102.81,710.01,442.01,301.02,667.03,516.03,938.04,118.02,096.0
Operating Income
% margin
179.7
17.3%
185.0
16.6%
591.9
14.3%
745.6
15.7%
334.9
9.7%
277.9
7.4%
801.1
15.2%
1,066.8
18.6%
1,079.2
18.6%
1,064.4
17.5%
1,270.6
19.8%
1,099.2
16.7%
1,298.0
14.0%
1,432.0
16.5%
1,458.0
17.3%
969.0
9.4%
736.0
5.9%
1,055.0
7.6%
1,653.0
11.4%
1,467.0
14.9%
Interest Income0.00.00.00.06.33.46.46.08.610.415.315.720.022.017.052.05.02.025.092.0
Interest Expense0.00.00.00.0163.5134.0179.7258.8222.7188.2157.5183.4383.0359.0297.0337.0334.0214.0275.0713.0
Pre-tax Income179.7174.6403.6812.2179.2156.0616.3744.3831.2825.01,053.41,036.9906.0976.01,104.0413.0266.0789.0(16,331.0)663.0
Income Tax
% effective tax rate
62.1
34.6%
68.9
39.5%
150.2
37.2%
300.5
37.0%
57.6
32.1%
52.1
33.4%
215.3
34.9%
239.0
32.1%
270.9
32.6%
309.2
37.5%
335.1
31.8%
378.8
36.5%
317.0
35.0%
(321.0)
(32.9%)
208.0
18.8%
100.0
24.2%
96.0
36.1%
371.0
47.0%
377.0
(2.3%)
157.0
23.7%
Net Income
% margin
111.8
10.8%
130.3
11.7%
259.1
6.3%
561.2
11.8%
214.8
6.2%
105.9
2.8%
404.5
7.7%
469.6
8.2%
461.2
7.9%
493.1
8.1%
679.1
10.6%
631.5
9.6%
568.0
6.1%
1,261.0
14.5%
846.0
10.0%
298.0
2.9%
158.0
1.3%
417.0
3.0%
(16,708.0)
(115.0%)
(6,654.0)
(67.8%)
EPS1.481.541.392.911.120.451.171.561.581.702.382.221.613.822.580.670.260.68(27.66)(11.26)
Diluted EPS1.481.531.372.861.110.441.151.531.551.682.352.191.593.752.550.660.250.67(27.66)(11.26)
EBITDA
% margin
232.2
22.3%
268.9
24.1%
1,030.0
24.9%
809.4
17.0%
771.0
22.4%
634.6
16.8%
1,397.4
26.5%
1,625.6
28.3%
1,687.6
29.1%
1,632.7
26.9%
1,846.2
28.8%
1,901.0
28.8%
2,474.0
26.8%
2,700.0
31.1%
2,837.0
33.7%
3,244.0
31.4%
4,319.0
34.4%
5,021.0
36.2%
2,875.0
19.8%
2,906.0
29.6%