8-KEarnings & ResultsExhibits & Filings

Fidelity National Information Services, Inc. 8-K Report, Financial Results (Feb 13, 2020)

Filed February 13, 2020For Securities:FIS

Summary

Fidelity National Information Services, Inc. (FIS) filed an 8-K on February 13, 2020, to announce its financial results for the fourth quarter and full year ended December 31, 2019, and to provide forward-looking guidance for the first quarter and full year of 2020. A key event impacting the company's reported results is the completion of the Worldpay, Inc. acquisition on July 31, 2019. Consequently, Worldpay's financial performance is consolidated into FIS's results from that date onwards, a significant factor for investors to consider when analyzing the reported figures and future projections. The press release furnished with this filing details these financial outcomes and future outlook. Investors should pay close attention to the performance metrics and guidance, particularly in light of the integration of Worldpay, as this will shape the company's trajectory and profitability in the upcoming periods. The filing also clarifies that the information provided is furnished, not filed, meaning it does not carry the same regulatory implications as filed information.

Key Highlights

  • 1FIS reported financial results for the three months and full year ended December 31, 2019.
  • 2The company provided financial guidance for the three months ended March 31, 2020, and the full year 2020.
  • 3The Worldpay, Inc. acquisition, completed on July 31, 2019, is now included in FIS's consolidated financial results.
  • 4The press release announcing these results and guidance is furnished as an exhibit to the 8-K.
  • 5The filing clarifies that the information furnished under Item 2.02 is not deemed 'filed' for certain regulatory purposes.
  • 6Investors should analyze the 2019 results and 2020 guidance in the context of the Worldpay integration.
  • 7The 8-K provides essential forward-looking information for the upcoming fiscal periods.

Frequently Asked Questions

FIS announced its financial results for the three months and full year ended December 31, 2019, and provided financial guidance for the first quarter and the full year of 2020. This includes the financial impact of the Worldpay acquisition.

The Worldpay acquisition was completed on July 31, 2019. Its results of operations and financial position are included in FIS's consolidated results from that date onwards.

The acquisition of Worldpay significantly impacts FIS's reported financial results, as Worldpay's financial performance and position are consolidated into FIS's statements from the acquisition date. This means that comparisons to prior periods that do not include Worldpay may show substantial changes.

No, the information included in Item 2.02 of this 8-K, including the accompanying exhibits, is being furnished and is not deemed 'filed' for the purposes of Section 18 of the Securities Exchange Act of 1934, nor is it incorporated into any registration statements.