Vantiv / Smarter / Faster / Easier / Payments    Print Page  |  Close Window

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)

 

Segment operating results are presented below (in millions). The results reflect revenues and expenses directly related to each segment. The Company does not evaluate performance or allocate resources based on segment asset data, and therefore such information is not presented.

Segment profit reflects revenue less sales and marketing costs of the segment. The Company’s CODM evaluates this metric in analyzing the results of operations for each segment.

 

     Year Ended December 31, 2018  
     Technology
Solutions
     Merchant
Solutions
     Issuer
Solutions
     Total  

Revenue

   $ 1,601.4      $ 1,976.2      $ 347.8      $ 3,925.4  

Network fees and other costs(1)

     —          —          —          —    

Sales and marketing

     422.9        683.7        25.1        1,131.7  
  

 

 

    

 

 

    

 

 

    

 

 

 

Segment profit

   $ 1,178.5      $ 1,292.5      $ 322.7      $ 2,793.7  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

(1) 

For the year ended December 31, 2018 network fees and other costs are netted within revenue as the result of the Company’s adoption of ASC 606 on January 1, 2018.

 

     Year Ended December 31, 2017  
     Technology
Solutions
     Merchant
Solutions
     Issuer
Solutions
     Total  

Revenue

   $ 1,264.5      $ 2,303.1      $ 458.9      $ 4,026.5  

Network fees and other costs

     454.9        1,325.2        123.1        1,903.2  

Sales and marketing

     277.9        368.6        23.0        669.5  
  

 

 

    

 

 

    

 

 

    

 

 

 

Segment profit

   $ 531.7      $ 609.3      $ 312.8      $ 1,453.8  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

     Year Ended December 31, 2016  
     Technology
Solutions
     Merchant
Solutions
     Issuer
Solutions
     Total  

Revenue

   $ 991.7      $ 2,091.3      $ 496.0      $ 3,579.0  

Network fees and other costs

     358.6        1,178.4        137.2        1,674.2  

Sales and marketing

     212.5        345.5        24.3        582.3  
  

 

 

    

 

 

    

 

 

    

 

 

 

Segment profit

   $ 420.6      $ 567.4      $ 334.5      $ 1,322.5  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

- 54 -