Q3 2021 GAAP/Non-GAAP Measurers and Reconciliations

Supplemental Financial Data and GAAP to Non-GAAP Reconciliations

Third Quarter 2021

	Fidelity National Information Services, Inc.
	Earnings Release Supplemental Financial Information
	November 4, 2021
Exhibit A	Condensed Consolidated Statements of Earnings - Unaudited for the three and nine months ended
	September 30, 2021 and 2020
Exhibit B	Condensed Consolidated Balance Sheets - Unaudited as of September 30, 2021 and December 31, 2020
Exhibit C	Condensed Consolidated Statements of Cash Flows - Unaudited for the nine months ended September 30,
	2021 and 2020
Exhibit D	Supplemental Non-GAAP Financial Information - Unaudited for the three and nine months ended
	September 30, 2021 and 2020
Exhibit E	Supplemental GAAP to Non-GAAP Reconciliations - Unaudited for the three and nine months ended
	September 30, 2021 and 2020
Exhibit F	Supplemental GAAP to Non-GAAP Reconciliations on Guidance - Unaudited for the full year ended
	December 31, 2021

FIDELITY NATIONAL INFORMATION SERVICES, INC.

CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS - UNAUDITED

(In millions, except per share amounts)

											Exhibit A
	Three months ended September 30,		Nine months ended September 30,
		2021			2020			2021			2020
Revenue	$	3,507	$	3,197	$	10,205	$	9,236
Cost of revenue		2,178			2,104			6,431			6,238
Gross profit		1,329			1,093			3,774			2,998
Selling, general, and administrative expenses		989			862			2,972			2,613
Asset impairments		202			-			202			-
Operating income		138			231			600			385
Other income (expense):
Interest expense, net		(46)			(84)			(169)			(252)
Other income (expense), net		110			(4)			(58)			31
Total other income (expense), net		64			(88)			(227)			(221)
Earnings before income taxes and equity method		202			143			373			164
investment earnings (loss)
Provision (benefit) for income taxes		41			121			246			94
Equity method investment earnings (loss)		-			-			6			(9)
Net earnings		161			22			133			61
Net (earnings) loss attributable to noncontrolling interest		(3)			(2)			(7)			(7)
Net earnings attributable to FIS common stockholders	$	158	$	20	$	126	$	54
Net earnings per share-basic attributable to FIS common	$	0.26	$	0.03	$	0.20	$	0.09
stockholders
Weighted average shares outstanding-basic		613			620			618			618
Net earnings per share-diluted attributable to FIS common
$	0.26	$	0.03	$	0.20	$	0.09
stockholders
Weighted average shares outstanding-diluted		619			627			623			626

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FIDELITY NATIONAL INFORMATION SERVICES, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS - UNAUDITED

(In millions, except per share amounts)

					Exhibit B
	September 30,			December 31,
		2021			2020
ASSETS
Current assets:
Cash and cash equivalents	$	1,390	$	1,959
Settlement deposits and merchant float		3,572			3,252
Trade receivables, net		3,468			3,314
Settlement receivables		761			662
Other receivables		331			317
Prepaid expenses and other current assets		489			394
Total current assets		10,011			9,898
Property and equipment, net		846			887
Goodwill		52,796			53,268
Intangible assets, net		12,040			13,928
Software, net		3,141			3,370
Other noncurrent assets		1,921			1,574
Deferred contract costs, net		935			917
Total assets	$	81,690	$	83,842
LIABILITIES, REDEEMABLE NONCONTROLLING INTEREST AND EQUITY
Current liabilities:
Accounts payable, accrued and other liabilities	$	2,470	$	2,482
Settlement payables		5,342			4,934
Deferred revenue		868			881
Short-term borrowings		3,484			2,750
Current portion of long-term debt		463			1,314
Total current liabilities		12,627			12,361
Long-term debt, excluding current portion		15,833			15,951
Deferred income taxes		4,118			4,017
Other noncurrent liabilities		1,767			1,967
Deferred revenue		52			59
Total liabilities		34,397			34,355
Redeemable noncontrolling interest		176			174
Equity:
FIS stockholders' equity:
Preferred stock $0.01 par value		-			-
Common stock $0.01 par value		6			6
Additional paid in capital		46,366			45,947
Retained earnings		2,840			3,440
Accumulated other comprehensive earnings (loss)		156			57
Treasury stock, at cost		(2,263)			(150)
Total FIS stockholders' equity		47,105			49,300
Noncontrolling interest		12			13
Total equity		47,117			49,313
Total liabilities, redeemable noncontrolling interest and equity	$	81,690	$	83,842

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FIDELITY NATIONAL INFORMATION SERVICES, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED

(In millions)

					Exhibit C
	Nine months ended September 30,
		2021			2020
Cash flows from operating activities:
Net earnings	$	133	$	61
Adjustment to reconcile net earnings (loss) to net cash provided by operating activities:
Depreciation and amortization		2,981			2,760
Amortization of debt issue costs		22			24
Asset impairments		202			-
Loss (gain) on sale of businesses, investments and other		(233)			3
Loss on extinguishment of debt		528			-
Stock-based compensation		320			182
Deferred income taxes		(35)			(24)
Net changes in assets and liabilities, net of effects from acquisitions and foreign currency:
Trade and other receivables		(229)			78
Settlement activity		575			594
Prepaid expenses and other assets		(350)			(169)
Deferred contract costs		(323)			(354)
Deferred revenue		(12)			(50)
Accounts payable, accrued liabilities and other liabilities		118			(81)
Net cash provided by operating activities		3,697			3,024
Cash flows from investing activities:
Additions to property and equipment		(193)			(186)
Additions to software		(684)			(652)
Acquisitions, net of cash acquired		-			(469)
Net proceeds from sale of businesses and investments		370			-
Other investing activities, net		(90)			92
Net cash provided by (used in) investing activities		(597)			(1,215)
Cash flows from financing activities:
Borrowings		40,569			37,125
Repayment of borrowings and other financing obligations		(40,644)			(37,646)
Debt issuance costs		(74)			-
Net proceeds from stock issued under stock-based compensation plans		87			302
Treasury stock activity		(2,113)			(102)
Dividends paid		(724)			(650)
Other financing activities, net		(138)			(222)
Net cash provided by (used in) financing activities		(3,037)			(1,193)
Effect of foreign currency exchange rate changes on cash		(57)			8
Net increase (decrease) in cash and cash equivalents		6			624
Cash and cash equivalents, beginning of period		4,030			3,211
Cash and cash equivalents, end of period	$	4,036	$	3,835

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