Fidelity National Information Services (FIS) FY2023 results: revenue $9.8 billion, up 1.0% on the year
Fidelity National Information Services, Inc. (FIS) reported revenue of $9.8 billion for fiscal 2023, the year ended 31 December 2023, up 1.0% on the year before. Net income was -$6.7 billion, and diluted earnings per share $-11.26. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2024.
Revenue
$9.8 billion
+1.0% on the year
FY2016FY2023
Operating margin
14.7%
12.1% a year earlier
FY2016FY2023
Net income
-$6.7 billion
FY2016FY2023
Diluted EPS
-$11.26
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ 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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
4,335
3,939
4,810
+10.1%
Capital expenditure
115
227
320
-49.3%
Free cash flow
4,220
3,712
4,490
+13.7%
Free cash flow margin
43.0%
38.2%
48.1%
Cash from investing
-1,352
-373
-1,771
Cash from financing
-3,493
-2,573
-2,538
Depreciation and amortisation
1,744
1,878
4,015
-7.1%
Share-based compensation
120
189
383
-36.5%
Buybacks
522
1,938
2,114
-73.1%
Dividends paid
1,231
1,138
961
+8.2%
Dividend per share
$2.08
$1.88
$1.56
+10.6%
Diluted shares, weighted
591m
604m
621m
-2.2%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
19,050
27,218
47,347
-30.0%
Non-controlling interest
6.0
8.0
11.0
-25.0%
Redeemable equity
0.0
180
174
Debt
19,078
20,091
20,353
-5.0%
Operating lease liabilities
178
219
378
-18.7%
Other liabilities
16,661
15,562
14,668
+7.1%
Total liabilities and equity
54,973
63,278
82,931
-13.1%
Fixed assets
695
709
949
-2.0%
Goodwill
16,971
16,816
16,927
+0.9%
Intangible assets
1,823
2,468
11,539
-26.1%
Cash and equivalents
440
456
2,010
-3.5%
Receivables
1,738
1,834
3,772
-5.2%
Other assets
33,306
40,995
47,734
-18.8%
Total assets
54,973
63,278
82,931
-13.1%
10-K for the year ended 31 December 2023, filed 26 February 2024: the filing.