8-KOther Events

Fidelity National Information Services, Inc. 8-K Report (Jul 22, 2004)

Filed July 22, 2004For Securities:FIS

Summary

This 8-K filing from Certegy Inc. (formerly part of FIS, but the filing is for Certegy Inc. specifically) reports on its financial results for the second quarter of 2004, released on July 22, 2004. The key takeaway for investors is the company's use of a non-GAAP "operating income" measure that excludes specific charges related to contract termination, severance, and other items. Management presents this adjusted figure as a more meaningful way to assess core operational performance and compare results across periods. Investors should note that while this non-GAAP measure is provided for enhanced analysis, it is not a substitute for GAAP-based financial reporting. The filing emphasizes that these adjusted results should be considered alongside, not in isolation from, standard GAAP figures. The report is furnished and not deemed "filed" with the SEC for purposes of Section 18, meaning it has limited liability implications but can be referenced in future filings.

Key Highlights

  • 1Certegy Inc. announced its second quarter 2004 financial results on July 22, 2004.
  • 2The company is presenting a non-GAAP "operating income" measure excluding contract termination, severance, and other charges.
  • 3Management believes this non-GAAP measure provides a clearer view of core operating performance from ongoing operations.
  • 4This adjusted metric aims to facilitate more meaningful period-over-period comparisons for investors.
  • 5Certegy emphasizes that non-GAAP measures should be considered alongside, not as a replacement for, GAAP financial measures.
  • 6The press release containing the financial results is attached as Exhibit 99.1.
  • 7The information furnished is not deemed "filed" under Section 18 of the Securities Exchange Act of 1934.

Frequently Asked Questions

Certegy Inc. announced its financial results for the second quarter of 2004. The filing highlights the company's use of a non-GAAP 'operating income' measure that excludes certain charges.

Certegy's management believes that by excluding charges for contract termination, severance, and other items, investors and management can better evaluate and compare the company's core operating results from ongoing operations across different periods in a more consistent way than relying solely on GAAP measures.

No, the company explicitly 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. Investors should review both GAAP and non-GAAP figures for a complete picture.

When a report is 'furnished' under Item 12, it means the information is provided to the SEC but does not carry the same legal liability as 'filed' documents under Section 18 of the Securities Exchange Act of 1934. However, this furnished information can still be incorporated by reference into other SEC filings if specifically mentioned.