Fidelity National Information Services Inc
For the period ended Sep 30, 2024. Filed Nov 4, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 4, 2024
FIS$28.31-0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
Condensed Consolidated Statements of Cash Flows - (Unaudited) (In millions)
| Nine months ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities from continuing operations: | ||
| Net earnings (loss) | $1,171 | $(6,899) |
| Less earnings (loss) from discontinued operations, net of tax | 687 | (7,342) |
| Net earnings (loss) from continuing operations | 484 | 443 |
| Adjustment to reconcile net earnings (loss) from continuing operations to net cash provided by operating activities: | ||
| Depreciation and amortization | 1,291 | 1,323 |
| Amortization of debt issuance costs | 16 | 22 |
| Asset impairments | 20 | 7 |
| Loss on extinguishment of debt | 174 | — |
| Loss (gain) on sale of businesses, investments and other | 77 | 31 |
| Stock-based compensation | 142 | 90 |
| Loss from equity method investment | 110 | — |
| Deferred income taxes | (200) | (343) |
| Net changes in assets and liabilities, net of effects from acquisitions and foreign currency: | ||
| Trade and other receivables | (23) | 157 |
| Receivable from related party | (88) | — |
| Settlement activity | (3) | 5 |
| Prepaid expenses and other assets | (129) | (87) |
| Deferred contract costs | (348) | (272) |
| Deferred revenue | (41) | (47) |
| Accounts payable, accrued liabilities and other liabilities | (89) | (28) |
| Net cash provided by operating activities from continuing operations | 1,393 | 1,301 |
| Cash flows from investing activities from continuing operations: | ||
| Additions to property and equipment | (79) | (88) |
| Additions to software | (550) | (496) |
| Settlement of net investment hedge cross-currency interest rate swaps | (8) | (20) |
| Net proceeds from sale of businesses and investments | 12,801 | 45 |
| Cash divested from sale of business | (3,137) | — |
| Acquisitions, net of cash acquired | (56) | — |
| Coupon payments on interest rate swaps | (98) | — |
| Other investing activities, net | (30) | (38) |
| Net cash provided by (used in) investing activities | 8,843 | (597) |
| Cash flows from financing activities from continuing operations: | ||
| Borrowings | 15,776 | 64,437 |
| Repayment of borrowings and other financing obligations | (24,183) | (65,822) |
| Debt issuance costs | (6) | (2) |
| Net proceeds from stock issued under stock-based compensation plans | 2 | 41 |
| Treasury stock activity | (3,032) | (16) |
| Dividends paid | (608) | (926) |
| Purchase of noncontrolling interest | — | (173) |
| Other financing activities, net | 45 | (8) |
| Net cash provided by (used in) financing activities from continuing operations | (12,006) | (2,469) |
| Cash flows from discontinued operations: | ||
| Net cash provided by (used in) operating activities | (5) | 1,510 |
| Net cash provided by (used in) investing activities | (39) | (260) |
| Net cash provided by (used in) financing activities | (65) | (188) |
| Net cash provided by (used in) discontinued operations | (109) | 1,062 |
| Effect of foreign currency exchange rate changes on cash from continuing operations | 20 | (17) |
| Effect of foreign currency exchange rate changes on cash from discontinued operations | (30) | (12) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | (1,889) | (732) |
| Cash, cash equivalents and restricted cash, beginning of period | 4,414 | 4,813 |
| Cash, cash equivalents and restricted cash, end of period | $2,525 | $4,081 |
| Supplemental cash flow information: | ||
| Cash paid for interest | $366 | $583 |
| Cash paid for income taxes | $406 | $330 |
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