Fidelity National Information Services (FIS) FY2018 results: revenue $8.4 billion, down 2.8% on the year
Fidelity National Information Services, Inc. (FIS) reported revenue of $8.4 billion for fiscal 2018, the year ended 31 December 2018, down 2.8% on the year before. Net income was $846 million, down 32.9%, and diluted earnings per share $2.55. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2019.
Revenue
$8.4 billion
-2.8% on the year
FY2015FY2018
Operating margin
17.3%
16.5% a year earlier
FY2015FY2018
Net income
$846 million
-32.9% on the year
FY2015FY2018
Diluted EPS
$2.55
-32.0% on the year
FY2015FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
8,423
8,668
8,831
-2.8%
Cost of revenue
5,569
5,794
5,895
-3.9%
Gross profit
2,854
2,874
2,936
-0.7%
Gross margin
33.9%
33.2%
33.2%
Selling, general and administrative
1,301
1,442
1,710
-9.8%
Operating income
1,458
1,432
1,229
+1.8%
Operating margin
17.3%
16.5%
13.9%
Interest expense
314
359
403
-12.5%
Pre-tax income
1,104
976
837
+13.1%
Income tax
208
-321
291
Effective tax rate
18.8%
-32.9%
34.8%
Net income
846
1,261
525
-32.9%
Net margin
10.0%
14.5%
5.9%
Diluted EPS
$2.55
$3.75
$1.59
-32.0%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
1,993
1,741
1,925
+14.5%
Capital expenditure
127
145
145
-12.4%
Free cash flow
1,866
1,596
1,780
+16.9%
Free cash flow margin
22.2%
18.4%
20.2%
Cash from investing
-668
690
-619
Cash from financing
-1,236
-2,480
-1,309
Depreciation and amortisation
1,420
1,366
1,153
+4.0%
Share-based compensation
84.0
107
137
-21.5%
Buybacks
1,255
153
40.0
+720.3%
Dividends paid
421
385
341
+9.4%
Dividend per share
$1.28
$1.16
$1.04
+10.3%
Diluted shares, weighted
332m
336m
330m
-1.2%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
10,215
10,711
9,675
-4.6%
Non-controlling interest
7.0
109
104
-93.6%
Short-term borrowings
n/a
0.0
n/a
Debt
8,985
8,763
10,478
+2.5%
Other liabilities
4,563
4,934
5,774
-7.5%
Total liabilities and equity
23,770
24,517
26,031
-3.0%
Fixed assets
587
610
626
-3.8%
Goodwill
13,545
13,730
14,178
-1.3%
Intangible assets
3,132
3,885
4,590
-19.4%
Cash and equivalents
703
665
683
+5.7%
Receivables
1,472
1,624
1,550
-9.4%
Other assets
4,331
4,003
4,404
+8.2%
Total assets
23,770
24,517
26,031
-3.0%
10-K for the year ended 31 December 2018, filed 21 February 2019: the filing.