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SEC Filings

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


(d)

Represents a reclassification of deferred taxes, deferred contract costs and other assets to conform to FIS presentation.

(e)

Represents a reclassification of accounts payable and accrued expenses, current portion of tax receivable agreement obligations and other to conform to FIS presentation.*

(f)

Represents a reclassification of current portion of notes payable and current maturities of finance lease obligations to conform to FIS presentation.

(g)

Represents a reclassification of tax receivable agreement obligations and other to conform to FIS presentation.

(h)

Represents a reclassification of finance lease obligations to conform to FIS presentation.

*

Amounts may not sum due to rounding.

Refer to the table below for a summary of reclassification adjustments made to Worldpay’s consolidated statement of income for the three months ended March 31, 2019 to conform presentation:

 

Worldpay Historical
Consolidated Statement of Income

Line Items

  

FIS Historical
Consolidated Statement of Earnings
Line Items

   Worldpay
Historical
Consolidated
Statement of
Income
    Reclassification
(Rounded)
          Worldpay
Adjusted
Historical
Consolidated
Statement of
Income
(Unaudited,
Rounded)
 
(in millions)                              

Revenue

   Revenue    $ 970.0     $ —       $ 970  
   Cost of revenue      —         618       (a     618  

Sales and marketing

        290.9       (291     (a     —    

Other operating costs

        181.0       (181     (a     —    

General and administrative

        127.4       (127     (a     —    

Depreciation and amortization

        264.4       (264     (a     —    
   Selling, general and administrative expenses      —         245       (a     245  

Interest expense—net

   Interest expense, net      (72.1     —           (72

Non-operating (expense) income

   Other income (expense), net      3.5       —           4  

Income tax (benefit) expense

   Provision (benefit) for income taxes      (0.4     —           —    

Net income attributable to non-controlling
interests

   Net (earnings) loss attributable to noncontrolling interest      (1.7     —           (2

Net income attributable to Worldpay, Inc.

   Net earnings (loss) attributable to shareholders      36.4       —           37  

 

(a)

Represents a reclassification of general and administrative to selling, general and administrative expenses to conform to FIS presentation. In addition, represents a reclassification of sales and marketing, other operating costs and depreciation and amortization to align in proportion to cost of revenue and selling, general and administrative expenses of FIS.

Refer to the table below for a summary of reclassification adjustments made to Worldpay’s consolidated statement of income for the year ended December 31, 2018 to conform presentation:

 

Worldpay Historical
Consolidated Statement of Income

Line Items

  

FIS Historical
Consolidated Statement of Earnings
Line Items

   Worldpay
Historical
Consolidated
Statement of
Income
    Reclassification
(Rounded)
          Worldpay
Adjusted
Historical
Consolidated
Statement of
Income
(Unaudited,
Rounded)
 
(in millions)                              

Revenue

   Revenue    $ 3,925.4     $ —       $ 3,925  
   Cost of revenue      —         2,463       (a     2,463  

Sales and marketing

        1,131.7       (1,132     (a     —    

 

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