8-KOther Events

Fidelity National Information Services, Inc. 8-K Report (Jan 28, 2004)

Filed January 28, 2004For Securities:FIS

Summary

Certegy Inc. (FIS predecessor) filed an 8-K on January 28, 2004, to furnish its fourth quarter and full-year 2003 financial results via a press release. The primary focus of the filing is the company's announcement of these results, which include both GAAP and non-GAAP measures. The press release highlights operating income, net income, and earnings per share, with specific emphasis on figures that exclude certain charges. These excluded charges include contract termination costs, cumulative effect of accounting changes, asset impairments, severance, and litigation settlements. Management asserts that these non-GAAP measures provide a more consistent and meaningful comparison of core operating results from ongoing operations over periods. They are presented to aid investors and management in evaluating the company's performance, though they are cautioned that these should not be considered in isolation from GAAP measures. Investors should note that this information is furnished and not deemed 'filed' for regulatory liability purposes.

Key Highlights

  • 1Certegy Inc. released its Q4 and full-year 2003 financial results on January 28, 2004.
  • 2The filing includes a press release detailing financial performance for the periods.
  • 3The company presented both GAAP and non-GAAP financial measures.
  • 4Non-GAAP results exclude specific charges such as contract termination, accounting changes, asset impairments, and severance.
  • 5Management believes non-GAAP measures offer a better view of core operating results from ongoing operations.
  • 6Investors are advised that non-GAAP measures are supplemental and should not replace GAAP measures.
  • 7The information is furnished under Item 12 of Form 8-K and is not considered 'filed' for Section 18 liability.

Frequently Asked Questions

The main purpose of this 8-K filing is to officially report Certegy Inc.'s financial results for the fourth quarter and the full year of 2003, as announced in a press release furnished by the company.

Certegy excluded charges related to contract termination, the cumulative effect of an accounting change in 2003, asset impairment, severance, litigation settlement, and other costs from its non-GAAP results.

Certegy presented non-GAAP financial measures because management believes they provide a more meaningful and consistent way for investors and themselves to evaluate and compare the company's core operating results from ongoing operations across different periods, by excluding certain one-time or unusual charges.

No, the information in this 8-K filing, including the press release, is furnished under Item 12 and is not deemed 'filed' for the purposes of Section 18 of the Securities Exchange Act of 1934. This means it is not subject to the liabilities associated with Section 18.