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


Refer to the table below for a summary of reclassification adjustments made to present Worldpay’s consolidated balance sheet as of March 31, 2019 to conform presentation:

 

Worldpay Historical
Consolidated Statement of Financial Position
Line Items

  

FIS Historical
Consolidated Balance Sheet Line
Items

   Worldpay
Historical
Consolidated
Statement of
Financial
Position
     Reclassification
(Rounded)
          Worldpay
Adjusted
Historical
Consolidated
Balance Sheet
(Unaudited,
Rounded)
 
(in millions)                               

Cash and cash equivalents

   Cash and cash equivalents    $ 107.9      $ —         $ 108  

Accounts receivable—net

   Trade receivables, net      1,710.2        —           1,710  

Settlement assets and merchant float

        4,964.0        (4,964     (a     —    
   Settlement deposits      —          4,964       (a     4,964  

Prepaid expenses

        83.1        (83     (b     —    

Other

        538.9        (539     (b     —    
   Prepaid expenses and other current assets      —          622       (b     622  

Property, equipment and software—net

        1,093.3        (1,093     (c     —    
   Property and equipment, net      —          213       (c     213  
   Computer software, net      —          880       (c     880  

Intangible assets—net

   Intangible assets, net      2,983.5        (44     (d     2,939  

Goodwill

   Goodwill      14,302.0        —           14,302  

Deferred taxes

        1,283.7        (1,284     (d     —    

Other assets

        220.6        (221     (d     —    
   Deferred contract costs, net      —          74       (d     74  
   Other noncurrent assets      —          1,475       (d     1,475  
               —    

Accounts payable and accrued expenses

        1,147.1        (1,147     (e     —    

Settlement obligations

   Settlement payables      5,680.2        —           5,680  

Current portion of notes payable

        219.3        (219     (f     —    

Current portion of tax receivable agreement obligations

        71.4        (71     (e     —    

Deferred income

   Deferred revenue      29.5        —           30  

Current maturities of finance lease obligations

        23.2        (23     (f     —    

Other

        647.4        (647     (e     —    
   Accounts payable, accrued and other liabilities         1,866       (e     1,866  
   Current portion of long-term debt         242       (f     242  

Notes payable

   Long-term debt, excluding current portion      7,269.3        28       (h     7,298  

Tax receivable agreement obligations

        890.2        (890     (g     —    

Finance lease obligations

        28.4        (28     (h     —    

Deferred taxes

   Deferred income taxes      469.9        —           470  

Other

        199.4        (199     (g     —    
   Other long-term liabilities      —          1,089       (g     1,089  

Non-controlling interests

   Noncontrolling interest      10.4        —           10  

Total Worldpay, Inc. Equity

   Total Worldpay Equity      10,601.5        —           10,602  

 

(a)

Represents a reclassification of settlement assets and merchant float to conform to FIS presentation.

(b)

Represents a reclassification of prepaid expenses and other to conform to FIS presentation.

(c)

Represents a reclassification of property, equipment and software—net to conform to FIS presentation.

 

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