8-KOther Events

Fidelity National Information Services, Inc. 8-K Report (Apr 21, 2004)

Filed April 21, 2004For Securities:FIS

Summary

This 8-K filing from Certegy Inc. on April 21, 2004, primarily serves to furnish the company's press release announcing its financial results for the first quarter of 2004. The key takeaway for investors is Certegy's approach to reporting financial performance, where they provide both GAAP and non-GAAP measures. The non-GAAP measures exclude charges related to contract termination and other specific items, which management believes offers a more meaningful comparison of core operating results from period to period. Investors should note that while these non-GAAP metrics are presented as useful for understanding ongoing operations, they are intended to supplement, not replace, the standard GAAP financial measures. The filing itself does not contain new financial statements or pro forma information, but directs readers to the attached press release for the detailed quarterly results and reconciliations.

Key Highlights

  • 1Certegy Inc. reported its Q1 2004 financial results via a press release furnished with this 8-K filing.
  • 2The company presented both GAAP and non-GAAP financial measures for Q1 2004.
  • 3Non-GAAP results exclude charges for contract termination and other specific items.
  • 4Management believes non-GAAP measures provide a clearer view of core, ongoing operations.
  • 5Reconciliations between GAAP and non-GAAP measures are available in the press release.
  • 6The filing does not include acquired business financial statements or pro forma financial information.
  • 7This information is furnished, not filed, under Section 18 of the Exchange Act.

Frequently Asked Questions

The main purpose of this 8-K filing is to provide the public with Certegy Inc.'s press release detailing its financial results for the first quarter of 2004. It also highlights the company's use of non-GAAP financial measures.

Non-GAAP financial measures are financial metrics that exclude certain items from the standard GAAP (Generally Accepted Accounting Principles) calculations. Certegy uses them, specifically excluding contract termination and other charges, to allow investors and management to better evaluate and compare the company's core operating results from ongoing operations on a period-to-period basis.

No, Certegy states that non-GAAP financial measures should not be considered in isolation or as an alternative to financial measures calculated and presented in accordance with GAAP. They are intended to supplement GAAP measures for a more comprehensive understanding.

The detailed financial results, including the reconciliations between GAAP and non-GAAP measures, are presented in the press release dated April 21, 2004, which is attached as Exhibit 99.1 to this Form 8-K filing.