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SEC Filings

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


SCHEDULE I—Condensed Financial Information

Worldpay, Inc.

CONDENSED STATEMENTS OF CASH FLOWS (PARENT COMPANY ONLY)

(In millions)

 

     Year Ended December 31,  
     2018     2017     2016  

Operating Activities:

      

Net income attributable to Worldpay, Inc.

   $ 12.8     $ 130.1     $ 213.2  

Adjustments to reconcile net income to net cash provided by (used in) operating activities:

      

Equity in net income of subsidiaries

     (77.5     (345.9     (294.2

Deferred taxes

     7.8       621.2       54.5  

Tax receivable agreements non-cash items

     —         (418.8     0.1  

Distributions from subsidiaries

     (82.1     32.2       84.8  

Excess tax benefit from share-based compensation

     —         —         (12.2

Change in operating assets and liabilities, net

     56.2       7.8       20.0  
  

 

 

   

 

 

   

 

 

 

Net cash provided by operating activities

     (82.8     26.6       66.2  
  

 

 

   

 

 

   

 

 

 

Investing Activities:

      

Proceeds from sale of Class A units in Worldpay Holding

     176.6       1,278.1       87.7  

Purchase of Class A units in Worldpay Holding

     (23.8     (14.5     (15.4
  

 

 

   

 

 

   

 

 

 

Net cash provided by investing activities

     152.8       1,263.6       72.3  
  

 

 

   

 

 

   

 

 

 

Financing Activities:

      

Advances from subsidiaries, net

     234.5       70.2       70.7  

Proceeds from exercise of Class A common stock options

     23.8       14.5       15.4  

Purchase and cancellation of Class A common stock

     —         (1,268.0     —    

Repurchase of Class A common stock (including to satisfy tax withholding obligations)

     (176.6     (10.1     (87.7

Settlement of certain tax receivable agreements

     (107.4     (63.4     (117.9

Payments under tax receivable agreements

     (44.3     (33.4     (31.2

Excess tax benefit from share-based compensation

     —         —         12.2  
  

 

 

   

 

 

   

 

 

 

Net cash used in financing activities

     (70.0     (1,290.2     (138.5
  

 

 

   

 

 

   

 

 

 

Net decrease in cash and cash equivalents

     —         —         —    

Cash and cash equivalents—Beginning of period

     —         —         —    
  

 

 

   

 

 

   

 

 

 

Cash and cash equivalents—End of period

   $ —       $ —       $ —    
  

 

 

   

 

 

   

 

 

 

Cash Payments:

      

Taxes

   $ 0.1     $ 5.6     $ 6.8  

Non-cash Items:

      

Issuance of tax receivable agreements

   $ 120.9     $ 647.5     $ 171.2  

See Notes to Condensed Consolidated Financial Statements (Parent Company only).

 

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