Supplemental Guarantor Financial Information (Tables) | 9 Months Ended |
Sep. 30, 2014 |
Supplemental Guarantor Financial Information [Abstract] | ' |
Condensed Consolidating Balance Sheet | ' |
The following supplemental financial information sets forth for FIS and its guarantor and non-guarantor subsidiaries: (a) the Condensed Consolidating Balance Sheets as of September 30, 2014 and December 31, 2013; (b) the Condensed Consolidating Statements of Earnings and Comprehensive Earnings for the three and nine months ended September 30, 2014 and 2013; and (c) the Condensed Consolidating Statements of Cash Flows for the nine months ended September 30, 2014 and 2013. Each guarantor subsidiary is 100% owned by FIS and all guarantees are full and unconditional as well as joint and several. |
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| Condensed Consolidating Balance Sheets |
| September 30, 2014 |
| | | Guarantor | | Non-guarantor | | | | |
| FIS | | subsidiaries | | subsidiaries | | Eliminations | | Consolidated |
| (in millions) |
Assets | | | | | | | | | |
Current assets: | | | | | | | | | |
Cash and cash equivalents | $ | 14.7 | | | $ | 173.1 | | | $ | 424 | | | $ | — | | | $ | 611.8 | |
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Settlement deposits | — | | | 231.5 | | | 62.5 | | | — | | | 294 | |
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Trade receivables, net | — | | | 762.9 | | | 287.6 | | | — | | | 1,050.50 | |
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Investment in subsidiaries, intercompany and receivables from related parties | 9,670.90 | | | 11,714.30 | | | 860.8 | | | (22,212.2 | ) | | 33.8 | |
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Other current assets | 11.1 | | | 364.2 | | | 197.5 | | | — | | | 572.8 | |
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Total current assets | 9,696.70 | | | 13,246.00 | | | 1,832.40 | | | (22,212.2 | ) | | 2,562.90 | |
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Property and equipment, net | 5.4 | | | 293.3 | | | 157.6 | | | — | | | 456.3 | |
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Goodwill | — | | | 7,212.70 | | | 1,352.00 | | | — | | | 8,564.70 | |
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Intangible assets, net | — | | | 847.5 | | | 372.8 | | | — | | | 1,220.30 | |
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Computer software, net | 37.1 | | | 661.9 | | | 159.1 | | | — | | | 858.1 | |
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Other noncurrent assets | 57.5 | | | 336.9 | | | 115.4 | | | — | | | 509.8 | |
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Total assets | $ | 9,796.70 | | | $ | 22,598.30 | | | $ | 3,989.30 | | | $ | (22,212.2 | ) | | $ | 14,172.10 | |
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Liabilities and Equity | | | | | | | | | |
Current liabilities: | | | | | | | | | |
Accounts payable and accrued liabilities | $ | 133 | | | $ | 204.8 | | | $ | 318.7 | | | $ | — | | | $ | 656.5 | |
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Settlement payables | — | | | 339 | | | 190.1 | | | — | | | 529.1 | |
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Current portion of long-term debt | — | | | 5.8 | | | 0.5 | | | — | | | 6.3 | |
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Deferred revenues | — | | | 180.6 | | | 79.7 | | | — | | | 260.3 | |
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Other current liabilities | — | | | — | | | 17.5 | | | — | | | 17.5 | |
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Total current liabilities | 133 | | | 730.2 | | | 606.5 | | | — | | | 1,469.70 | |
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Deferred income taxes | — | | | 798.4 | | | 42.2 | | | — | | | 840.6 | |
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Long-term debt, excluding current portion | 4,962.60 | | | 4 | | | 0.2 | | | — | | | 4,966.80 | |
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Other long-term liabilities | 3.7 | | | 89.6 | | | 210.2 | | | — | | | 303.5 | |
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Total liabilities | 5,099.30 | | | 1,622.20 | | | 859.1 | | | — | | | 7,580.60 | |
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Total equity | 4,697.40 | | | 20,976.10 | | | 3,130.20 | | | (22,212.2 | ) | | 6,591.50 | |
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Total liabilities and equity | $ | 9,796.70 | | | $ | 22,598.30 | | | $ | 3,989.30 | | | $ | (22,212.2 | ) | | $ | 14,172.10 | |
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| Condensed Consolidating Balance Sheets |
| December 31, 2013 |
| | | Guarantor | | Non-guarantor | | | | |
| FIS | | subsidiaries | | subsidiaries | | Eliminations | | Consolidated |
| (in millions) |
Assets | | | | | | | | | |
Current assets: | | | | | | | | | |
Cash and cash equivalents | $ | 21.5 | | | $ | 172.4 | | | $ | 353.6 | | | $ | — | | | $ | 547.5 | |
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Settlement deposits | — | | | 327.4 | | | — | | | — | | | 327.4 | |
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Trade receivables, net | — | | | 709.4 | | | 278.5 | | | — | | | 987.9 | |
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Investment in subsidiaries, intercompany and receivables from related parties | 9,305.80 | | | 10,846.70 | | | 1,083.50 | | | (21,200.2 | ) | | 35.8 | |
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Other current assets | 38.1 | | | 289.4 | | | 125.8 | | | — | | | 453.3 | |
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Total current assets | 9,365.40 | | | 12,345.30 | | | 1,841.40 | | | (21,200.2 | ) | | 2,351.90 | |
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Property and equipment, net | 6.5 | | | 329.3 | | | 103.2 | | | — | | | 439 | |
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Goodwill | — | | | 7,212.70 | | | 1,287.30 | | | — | | | 8,500.00 | |
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Intangible assets, net | — | | | 993.2 | | | 346.1 | | | — | | | 1,339.30 | |
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Computer software, net | 36.4 | | | 656.5 | | | 163.6 | | | — | | | 856.5 | |
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Other noncurrent assets | 63.6 | | | 294.5 | | | 115.3 | | | — | | | 473.4 | |
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Total assets | $ | 9,471.90 | | | $ | 21,831.50 | | | $ | 3,856.90 | | | $ | (21,200.2 | ) | | $ | 13,960.10 | |
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Liabilities and Equity | | | | | | | | | |
Current liabilities: | | | | | | | | | |
Accounts payable and accrued liabilities | $ | 184.7 | | | $ | 229.2 | | | $ | 354.1 | | | $ | — | | | $ | 768 | |
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Settlement payables | — | | | 453 | | | 65.6 | | | — | | | 518.6 | |
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Current portion of long-term debt | 114.1 | | | 13.3 | | | 1.4 | | | — | | | 128.8 | |
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Deferred revenues | — | | | 172.4 | | | 71.2 | | | — | | | 243.6 | |
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Other current liabilites | — | | | — | | | 13.7 | | | — | | | 13.7 | |
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Total current liabilities | 298.8 | | | 867.9 | | | 506 | | | — | | | 1,672.70 | |
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Deferred income taxes | — | | | 778.8 | | | 44.8 | | | — | | | 823.6 | |
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Long-term debt, excluding current portion | 4,333.20 | | | 6.3 | | | 0.3 | | | — | | | 4,339.80 | |
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Other long-term liabilities | 2.8 | | | 98.8 | | | 285.1 | | | — | | | 386.7 | |
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Total liabilities | 4,634.80 | | | 1,751.80 | | | 836.2 | | | — | | | 7,222.80 | |
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Total equity | 4,837.10 | | | 20,079.70 | | | 3,020.70 | | | (21,200.2 | ) | | 6,737.30 | |
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Total liabilities and equity | $ | 9,471.90 | | | $ | 21,831.50 | | | $ | 3,856.90 | | | $ | (21,200.2 | ) | | $ | 13,960.10 | |
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Condensed Consolidating Statement of Earnings | ' |
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| Condensed Consolidating Statements of Earnings and Comprehensive Earnings |
| Three months ended September 30, 2014 |
| | | Guarantor | | Non-guarantor | | | | |
| FIS | | subsidiaries | | subsidiaries | | Eliminations | | Consolidated |
| (in millions) |
Processing and services revenues | $ | — | | | $ | 1,210.30 | | | $ | 395 | | | $ | — | | | $ | 1,605.30 | |
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Operating expenses | 59.5 | | | 914.8 | | | 307.3 | | | — | | | 1,281.60 | |
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Operating income | (59.5 | ) | | 295.5 | | | 87.7 | | | — | | | 323.7 | |
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Other income (expense): | | | | | | | | | |
Interest expense, net | (39.4 | ) | | (0.3 | ) | | 2 | | | — | | | (37.7 | ) |
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Other income (expense) | (53.0 | ) | | 1.8 | | | (3.6 | ) | | — | | | (54.8 | ) |
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Net earnings (loss) of equity affiliates | 263.1 | | | — | | | — | | | (263.1 | ) | | — | |
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Total other income (expense) | 170.7 | | | 1.5 | | | (1.6 | ) | | (263.1 | ) | | (92.5 | ) |
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Earnings (loss) from continuing operations before income taxes | 111.2 | | | 297 | | | 86.1 | | | (263.1 | ) | | 231.2 | |
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Provision (benefit) for income taxes | (47.9 | ) | | 93.6 | | | 26.4 | | | — | | | 72.1 | |
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Net earnings (loss) from continuing operations | 159.1 | | | 203.4 | | | 59.7 | | | (263.1 | ) | | 159.1 | |
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Earnings (loss) from discontinued operations, net of tax | (1.2 | ) | | — | | | (1.2 | ) | | 1.2 | | | (1.2 | ) |
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Net earnings (loss) | 157.9 | | | 203.4 | | | 58.5 | | | (261.9 | ) | | 157.9 | |
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Net (earnings) loss attributable to noncontrolling interest | (7.4 | ) | | (0.3 | ) | | (7.1 | ) | | 7.4 | | | (7.4 | ) |
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Net earnings (loss) attributable to FIS common stockholders | $ | 150.5 | | | $ | 203.1 | | | $ | 51.4 | | | $ | (254.5 | ) | | $ | 150.5 | |
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Comprehensive earnings (loss) attributable to FIS | $ | 97.1 | | | $ | 205.1 | | | $ | (5.2 | ) | | $ | (199.9 | ) | | $ | 97.1 | |
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| Condensed Consolidating Statements of Earnings and Comprehensive Earnings |
| Three months ended September 30, 2013 |
| | | Guarantor | | Non-guarantor | | | | |
| FIS | | subsidiaries | | subsidiaries | | Eliminations | | Consolidated |
| (in millions) |
Processing and services revenues | $ | — | | | $ | 1,158.80 | | | $ | 341.2 | | | $ | — | | | $ | 1,500.00 | |
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Operating expenses | 55.7 | | | 861.6 | | | 265 | | | — | | | 1,182.30 | |
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Operating income | (55.7 | ) | | 297.2 | | | 76.2 | | | — | | | 317.7 | |
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Other income (expense): | | | | | | | | | |
Interest expense, net | (43.2 | ) | | (0.2 | ) | | (0.3 | ) | | — | | | (43.7 | ) |
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Other income (expense) | (2.1 | ) | | 2.4 | | | 5.6 | | | — | | | 5.9 | |
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Net earnings (loss) of equity affiliates | 248.9 | | | — | | | — | | | (248.9 | ) | | — | |
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Total other income (expense) | 203.6 | | | 2.2 | | | 5.3 | | | (248.9 | ) | | (37.8 | ) |
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Earnings (loss) from continuing operations before income taxes | 147.9 | | | 299.4 | | | 81.5 | | | (248.9 | ) | | 279.9 | |
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Provision (benefit) for income taxes | (34.2 | ) | | 101.8 | | | 30.2 | | | — | | | 97.8 | |
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Net earnings (loss) from continuing operations | 182.1 | | | 197.6 | | | 51.3 | | | (248.9 | ) | | 182.1 | |
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Earnings (loss) from discontinued operations, net of tax | (3.0 | ) | | 0.1 | | | (3.1 | ) | | 3 | | | (3.0 | ) |
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Net earnings (loss) | 179.1 | | | 197.7 | | | 48.2 | | | (245.9 | ) | | 179.1 | |
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Net (earnings) loss attributable to noncontrolling interest | (6.8 | ) | | (0.1 | ) | | (6.7 | ) | | 6.8 | | | (6.8 | ) |
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Net earnings (loss) attributable to FIS common stockholders | $ | 172.3 | | | $ | 197.6 | | | $ | 41.5 | | | $ | (239.1 | ) | | $ | 172.3 | |
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Comprehensive earnings (loss) attributable to FIS | $ | 181.4 | | | $ | 197.3 | | | $ | 56.3 | | | $ | (253.6 | ) | | $ | 181.4 | |
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| Condensed Consolidating Statements of Earnings and Comprehensive Earnings |
| Nine months ended September 30, 2014 |
| | | Guarantor | | Non-guarantor | | | | |
| FIS | | subsidiaries | | subsidiaries | | Eliminations | | Consolidated |
| (in millions) |
Processing and services revenues | $ | — | | | $ | 3,606.00 | | | $ | 1,118.70 | | | $ | — | | | $ | 4,724.70 | |
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Operating expenses | 160.4 | | | 2,732.90 | | | 911.9 | | | — | | | 3,805.20 | |
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Operating income | (160.4 | ) | | 873.1 | | | 206.8 | | | — | | | 919.5 | |
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Other income (expense): | | | | | | | | | |
Interest expense, net | (125.6 | ) | | (1.3 | ) | | 6.2 | | | — | | | (120.7 | ) |
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Other income (expense) | (52.6 | ) | | (0.6 | ) | | (3.3 | ) | | — | | | (56.5 | ) |
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Net earnings (loss) of equity affiliates | 740.9 | | | — | | | — | | | (740.9 | ) | | — | |
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Total other income (expense) | 562.7 | | | (1.9 | ) | | 2.9 | | | (740.9 | ) | | (177.2 | ) |
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Earnings (loss) from continuing operations before income taxes | 402.3 | | | 871.2 | | | 209.7 | | | (740.9 | ) | | 742.3 | |
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Provision (benefit) for income taxes | (106.3 | ) | | 273.3 | | | 66.7 | | | — | | | 233.7 | |
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Net earnings (loss) from continuing operations | 508.6 | | | 597.9 | | | 143 | | | (740.9 | ) | | 508.6 | |
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Earnings (loss) from discontinued operations, net of tax | (4.3 | ) | | — | | | (4.3 | ) | | 4.3 | | | (4.3 | ) |
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Net earnings (loss) | 504.3 | | | 597.9 | | | 138.7 | | | (736.6 | ) | | 504.3 | |
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Net (earnings) loss attributable to noncontrolling interest | (20.5 | ) | | (0.4 | ) | | (20.1 | ) | | 20.5 | | | (20.5 | ) |
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Net earnings (loss) attributable to FIS common stockholders | $ | 483.8 | | | $ | 597.5 | | | $ | 118.6 | | | $ | (716.1 | ) | | $ | 483.8 | |
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Comprehensive earnings (loss) attributable to FIS | $ | 453.2 | | | $ | 598.9 | | | $ | 84.6 | | | $ | (683.5 | ) | | $ | 453.2 | |
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| Condensed Consolidating Statements of Earnings and Comprehensive Earnings |
| Nine months ended September 30, 2013 |
| | | Guarantor | | Non-guarantor | | | | |
| FIS | | subsidiaries | | subsidiaries | | Eliminations | | Consolidated |
| (in millions) |
Processing and services revenues | $ | — | | | $ | 3,499.00 | | | $ | 991.1 | | | $ | — | | | $ | 4,490.10 | |
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Operating expenses | 173.8 | | | 2,604.00 | | | 870.1 | | | — | | | 3,647.90 | |
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Operating income | (173.8 | ) | | 895 | | | 121 | | | — | | | 842.2 | |
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Other income (expense): | | | | | | | | | |
Interest expense, net | (141.5 | ) | | (1.0 | ) | | (2.3 | ) | | — | | | (144.8 | ) |
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Other income (expense) | (56.3 | ) | | 5.6 | | | (0.2 | ) | | — | | | (50.9 | ) |
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Net earnings (loss) of equity affiliates | 685.4 | | | — | | | — | | | (685.4 | ) | | — | |
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Total other income (expense) | 487.6 | | | 4.6 | | | (2.5 | ) | | (685.4 | ) | | (195.7 | ) |
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Earnings (loss) from continuing operations before income taxes | 313.8 | | | 899.6 | | | 118.5 | | | (685.4 | ) | | 646.5 | |
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Provision (benefit) for income taxes | (118.3 | ) | | 289.6 | | | 43.1 | | | — | | | 214.4 | |
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Net earnings (loss) from continuing operations | 432.1 | | | 610 | | | 75.4 | | | (685.4 | ) | | 432.1 | |
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Earnings (loss) from discontinued operations, net of tax | 5.4 | | | 0.2 | | | (11.5 | ) | | 11.3 | | | 5.4 | |
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Net earnings (loss) | 437.5 | | | 610.2 | | | 63.9 | | | (674.1 | ) | | 437.5 | |
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Net (earnings) loss attributable to noncontrolling interest | (16.3 | ) | | 0.2 | | | (16.5 | ) | | 16.3 | | | (16.3 | ) |
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Net earnings (loss) attributable to FIS common stockholders | $ | 421.2 | | | $ | 610.4 | | | $ | 47.4 | | | $ | (657.8 | ) | | $ | 421.2 | |
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Comprehensive earnings (loss) attributable to FIS | $ | 390 | | | $ | 611.8 | | | $ | 18.1 | | | $ | (629.9 | ) | | $ | 390 | |
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Condensed Consolidating Statements of Cash Flows | ' |
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| Condensed Consolidating Statements of Cash Flows |
| Nine months ended September 30, 2014 |
| | | Guarantor | | Non-guarantor | | | | |
| FIS | | subsidiaries | | subsidiaries | | Eliminations | | Consolidated |
| (in millions) |
Cash flows from operating activities | $ | (147.9 | ) | | $ | 736.9 | | | $ | 106.8 | | | $ | (8.7 | ) | | $ | 687.1 | |
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Cash flows from investing activities | (4.9 | ) | | (156.3 | ) | | (237.5 | ) | | — | | | (398.7 | ) |
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Cash flows from financing activities | 146 | | | (579.9 | ) | | 217.1 | | | 8.7 | | | (208.1 | ) |
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Effect of foreign currency exchange rates on cash | — | | | — | | | (16.0 | ) | | — | | | (16.0 | ) |
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Net increase (decrease) in cash | $ | (6.8 | ) | | $ | 0.7 | | | $ | 70.4 | | | $ | — | | | $ | 64.3 | |
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| Condensed Consolidating Statements of Cash Flows |
| Nine months ended September 30, 2013 |
| | | Guarantor | | Non-guarantor | | | | |
| FIS | | subsidiaries | | subsidiaries | | Eliminations | | Consolidated |
| (in millions) |
Cash flows from operating activities | $ | (95.3 | ) | | $ | 694.9 | | | $ | 75.4 | | | $ | 0.9 | | | $ | 675.9 | |
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Cash flows from investing activities | (30.0 | ) | | (163.3 | ) | | (152.3 | ) | | — | | | (345.6 | ) |
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Cash flows from financing activities | 125.2 | | | (467.8 | ) | | 321.3 | | | (0.9 | ) | | (22.2 | ) |
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Effect of foreign currency exchange rates on cash | — | | | — | | | (14.1 | ) | | — | | | (14.1 | ) |
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Net increase (decrease) in cash | $ | (0.1 | ) | | $ | 63.8 | | | $ | 230.3 | | | $ | — | | | $ | 294 | |
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