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SEC Filings

425
FIDELITY NATIONAL INFORMATION SERVICES, INC. filed this Form 425 on 05/13/2019
Entire Document
 


Worldpay, Inc.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

 

Unaudited Pro Forma Results Giving Effect to the Legacy Worldpay Acquisition

The following unaudited pro forma combined financial information presents the Company’s results of operations for the year ended December 31, 2018 and 2017, as if the Acquisition had occurred on January 1, 2017 (in millions, except share amounts).

 

     Year Ended December 31,  
     2018 (Pro forma)      2017 (Pro forma)  

Total revenue(1)

   $ 3,989.2      $ 6,171.8  

Net (loss) income attributable to Worldpay, Inc.

     215.4        (192.6

Net (loss) income per share attributable to Worldpay, Inc. Class A common stock:

     

Basic

   $ 0.74      $ (0.65

Diluted

   $ 0.73      $ (0.65

Shares used in computing net (loss) per share of Class A common stock:

     

Basic

     292,992,892        295,693,062  

Diluted

     295,214,282        295,693,062  

 

(1) 

Revenue for the year ended December 31, 2017 presented in the tables above is prior to the Company’s adoption of ASC 606 and therefore network fees and other costs are presented separately and not netted within revenue.

The unaudited pro forma results include certain pro forma adjustments that were directly attributable to the Acquisition as follows:

 

   

additional amortization expense that would have been recognized relating to the acquired intangible assets; and

 

   

adjustment to interest expense to reflect the additional borrowings of the Company in conjunction with the acquisition and removal of Legacy Worldpay debt.

 

   

a reduction in expenses for the year ended December 31, 2018 and a corresponding increase in the year ended December 31, 2017 for acquisition-related transaction costs and debt refinancing costs incurred by the Company.

Acquisition of Paymetric Holdings, Inc.

On May 25, 2017, the Company completed the acquisition of Paymetric Holdings, Inc. (“Paymetric”) by acquiring 100% of the issued and outstanding shares. Paymetric automates business-to-business payment workflows within enterprise systems and tokenizes payments data within these systems in order to enable secure storage of customer information and history. This acquisition helps to further accelerate the Company’s growth.

 

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