8-KEarnings & ResultsExhibits & Filings

Fidelity National Information Services, Inc. 8-K Report, Financial Results (Aug 6, 2019)

Filed August 6, 2019For Securities:FIS

Summary

Fidelity National Information Services (FIS) filed an 8-K on August 6, 2019, primarily announcing its financial results for the second quarter of 2019 and providing combined company guidance following the recent acquisition of Worldpay, Inc. The acquisition, completed on July 31, 2019, is a significant event for FIS, and the company is providing supplemental financial information to aid investors in understanding the combined entity's performance. This includes restated historical financial data on a pro forma basis for prior periods to reflect the merged operations, allowing for a more consistent view of growth and profitability. Investors should pay close attention to the combined company guidance for the remainder of 2019, as this will be the key metric for evaluating FIS's performance post-acquisition. The supplemental financial data, presented on a combined basis, is crucial for analyzing trends and assessing the integration's impact on key financial metrics. While the filing itself contains preliminary information and press releases, it signals the beginning of FIS reporting as a significantly larger and more diversified payments technology company.

Key Highlights

  • 1FIS announced its Q2 2019 financial results and provided initial combined company guidance for 2019.
  • 2The Worldpay acquisition was completed on July 31, 2019, making Worldpay a wholly owned subsidiary of FIS.
  • 3FIS is providing supplemental financial information (Exhibit 99.3) to present historical financial performance on a combined company basis.
  • 4This supplemental data recalculates non-GAAP measures for Q1 and Q2 2019, and full-year 2018, on a pro forma combined basis.
  • 5The purpose of the supplemental data is to enhance investor understanding of the combined entity's operating performance.
  • 6The filing includes press releases and financial schedules related to both FIS and Worldpay's standalone results for the period.
  • 7Information furnished in this Item 2.02 is not considered 'filed' for regulatory liability purposes but is for informational transparency.

Frequently Asked Questions

The main purpose of this 8-K filing is to announce Fidelity National Information Services (FIS) and Worldpay, Inc.'s financial results for the three and six months ended June 30, 2019, and to provide initial combined company guidance for the full year 2019, following the completion of the Worldpay acquisition.

FIS completed the acquisition of Worldpay on July 31, 2019. Worldpay's financial results will be consolidated into FIS's financial statements from that date forward.

FIS is providing supplemental financial information because the acquisition of Worldpay significantly changes the company's financial profile. This supplemental data, presented on a combined basis for historical periods, helps investors better understand the combined entity's operating performance and allows for more meaningful comparisons across periods.

FIS is providing combined company guidance for the full year 2019. This guidance reflects the expected financial performance of FIS and Worldpay as a single entity and is a key metric for investors to evaluate the company's outlook post-acquisition.