8-KEarnings & ResultsExhibits & Filings

Fidelity National Information Services, Inc. 8-K Report, Financial Results (Mar 19, 2009)

Filed March 19, 2009For Securities:FIS

Summary

Fidelity National Information Services, Inc. (FIS) filed an 8-K on March 19, 2009, to provide investors with updated financial information following the spin-off of its Lender Processing Services segment (now LPS) on July 2, 2008. Due to the new reporting structure with four segments (Financial Solutions, Payment Solutions, International, and Corporate and Other), FIS is furnishing supplemental financial data for the 2008 quarterly periods. This data recasts prior-year results to align with the new segment reporting, aiming to improve investor understanding of the company's operating performance.

Key Highlights

  • 1FIS has reorganized its reporting structure into four new segments: Financial Solutions, Payment Solutions, International, and Corporate and Other, effective after the July 2, 2008, spin-off of its Lender Processing Services segment.
  • 2The company is furnishing supplemental financial information for the 2008 quarterly periods to reflect results under the new segment structure.
  • 3This supplemental data is presented on both a GAAP (revenue and operating income) and non-GAAP basis (non-GAAP operating income and EBITDA, as adjusted).
  • 4The non-GAAP measures are used by FIS management for planning and performance evaluation and are considered useful by management for investors.
  • 5These non-GAAP measures exclude certain items management believes are not indicative of core operating results.
  • 6The information provided in this 8-K (Items 2.02 and 9.01) is being furnished and not officially filed, meaning it's not subject to Section 18 liability and won't be incorporated by reference into registration statements.
  • 7Exhibit 99.1 contains the detailed supplemental financial schedules.

Frequently Asked Questions

FIS is filing this 8-K to furnish supplemental financial information for the 2008 quarterly periods, recasting their operating results under a new four-segment reporting structure. This follows the spin-off of their Lender Processing Services segment in July 2008 and aims to provide investors with a clearer understanding of the company's performance under the new structure.

Following the spin-off, FIS now reports its operations in four segments: Financial Solutions, Payment Solutions, International, and Corporate and Other.

The filing includes both Generally Accepted Accounting Principles (GAAP) revenue and operating income, as well as non-GAAP measures such as adjusted operating income and adjusted EBITDA. Management uses these non-GAAP measures internally and believes they are relevant for investors to understand core operating performance.

No, the information provided in Items 2.02 and 9.01 of this Current Report is being 'furnished,' not 'filed.' This means it is not subject to the liabilities of Section 18 of the Securities Exchange Act of 1934 and will not be incorporated by reference into other SEC filings like registration statements.