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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 UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS (continued)

 

The table below presents the costs associated with the leased assets (in millions):

 

Leases

  

Classification

   Three Months Ended
March 31, 2019
 

Operating lease cost:

   General and administrative and Other operating costs   

Short-term

      $ 0.8  

Long-term

        9.3  

Finance lease cost:

     

Amortization of leased assets

   Depreciation and amortization      3.6  

Interest on lease liabilities

   Interest expense-net      0.6  
     

 

 

 

Total lease cost

      $ 14.3  
     

 

 

 

The future minimum lease payments required under all leases and the present value of net minimum lease payments as of March 31, 2019 are as follows (in millions):

 

Maturity of Lease Liabilities

   Operating      Finance  

Nine months ended December 31, 2019

   $ 18.3      $ 20.0  

2020

     23.2        17.3  

2021

     19.7        12.7  

2022

     17.4        5.3  

2023

     15.0        —    

Thereafter

     69.8        —    
  

 

 

    

 

 

 

Total

   $ 163.4      $ 55.3  

Less: Interest

     26.5        3.7  
  

 

 

    

 

 

 

Present value of lease liabilities

   $ 136.9      $ 51.6  
  

 

 

    

 

 

 

The future minimum lease payments required under operating leases as of December 31, 2018 are as follows (in millions):

 

Year Ended December 31,

      

2019

   $ 27.8  

2020

     23.2  

2021

     21.7  

2022

     19.0  

2023

     15.6  

Thereafter

     71.2  
  

 

 

 

Total

   $ 178.5  
  

 

 

 

The table below summarizes the weighted average remaining lease term and weighted average discount rate used by lease type:

 

Lease Term and Discount Rate

   March 31, 2019  

Weighted-average remaining lease term (years):

  

Operating leases

     9.0  

Finance leases

     2.6  

Weighted-average discount rate:

  

Operating leases

     3.9

Finance leases

     4.9

 

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