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Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2019
Segment Reporting [Abstract] |
Segment Information | Summarized financial information for the Company’s segments is shown in the following tables. As of and for the three months ended June 30, 2019 (in millions):
| IFS |  | GFS |  | Corporate and Other |  | Total
Revenue | $ | 1,179 |  |  | $ | 865 |  |  | $ | 68 |  |  | $ | 2,112 |
Operating expenses | 739 |  |  | 636 |  |  | 346 |  |  | 1,721 |
Depreciation and amortization | 95 |  |  | 83 |  |  | 190 |  |  | 368 |
EBITDA | 535 |  |  | 312 |  |  | (88 | ) |  | 759 |
Acquisition, integration and other costs | — |  |  | — |  |  | 35 |  |  | 35 |
Adjusted EBITDA | $ | 535 |  |  | $ | 312 |  |  | $ | (53 | ) |  | $ | 794 |
EBITDA |  |  |  |  |  |  | $ | 759 |
Interest expense, net |  |  |  |  |  |  | 72 |
Depreciation and amortization |  |  |  |  |  |  | 368 |
Other income (expense) unallocated |  |  |  |  |  |  |  |  |  | (124 | )
Provision (benefit) for income taxes |  |  |  |  |  |  | 40 |
Net earnings attributable to noncontrolling interest |  |  |  |  |  |  | 1 |
Net earnings attributable to FIS common stockholders |  |  |  |  |  |  | $ | 154 |
Capital expenditures (1) | $ | 73 |  |  | $ | 62 |  |  | $ | 6 |  |  | $ | 141 |
Total assets | $ | 10,824 |  |  | $ | 8,349 |  |  | $ | 13,686 |  |  | $ | 32,859 |
Goodwill | $ | 7,648 |  |  | $ | 5,767 |  |  | $ | 127 |  |  | $ | 13,542 |
(1) | Capital expenditures for the three months ended June 30, 2019 include $1 million in other financing obligations for certain hardware and software.
As of and for the three months ended June 30, 2018 (in millions):
| IFS |  | GFS |  | Corporate and Other |  | Total
Revenue | $ | 1,124 |  |  | $ | 899 |  |  | $ | 83 |  |  | $ | 2,106 |
Operating expenses | 719 |  |  | 655 |  |  | 379 |  |  | 1,753 |
Depreciation and amortization | 87 |  |  | 70 |  |  | 197 |  |  | 354 |
EBITDA | 492 |  |  | 314 |  |  | (99 | ) |  | 707 |
Acquisition deferred revenue adjustment | — |  |  | — |  |  | 1 |  |  | 1 |
Acquisition, integration and other costs | — |  |  | — |  |  | 49 |  |  | 49 |
Adjusted EBITDA | $ | 492 |  |  | $ | 314 |  |  | $ | (49 | ) |  | $ | 757 |
EBITDA |  |  |  |  |  |  | $ | 707 |
Interest expense, net |  |  |  |  |  |  | 73 |
Depreciation and amortization |  |  |  |  |  |  | 354 |
Other income (expense) unallocated |  |  |  |  |  |  | (11 | )
Provision (benefit) for income taxes |  |  |  |  |  |  | 51 |
Net earnings attributable to noncontrolling interest |  |  |  |  |  |  | 6 |
Net earnings attributable to FIS common stockholders |  |  |  |  |  |  | $ | 212 |
Capital expenditures | $ | 76 |  |  | $ | 64 |  |  | $ | 4 |  |  | $ | 144 |
Total assets (1) | $ | 10,570 |  |  | $ | 8,118 |  |  | $ | 5,180 |  |  | $ | 23,868 |
Goodwill | $ | 7,662 |  |  | $ | 5,834 |  |  | $ | 170 |  |  | $ | 13,666 |
As of and for the six months ended June 30, 2019 (in millions):
| IFS |  | GFS |  | Corporate and Other |  | Total
Revenue | $ | 2,309 |  |  | $ | 1,728 |  |  | $ | 132 |  |  | $ | 4,169 |
Operating expenses | 1,468 |  |  | 1,271 |  |  | 724 |  |  | 3,463 |
Depreciation and amortization | 192 |  |  | 164 |  |  | 380 |  |  | 736 |
EBITDA | 1,033 |  |  | 621 |  |  | (212 | ) |  | 1,442 |
Acquisition, integration and other costs | — |  |  | — |  |  | 81 |  |  | 81 |
Adjusted EBITDA | $ | 1,033 |  |  | $ | 621 |  |  | $ | (131 | ) |  | $ | 1,523 |
EBITDA |  |  |  |  |  |  | $ | 1,442 |
Interest expense, net |  |  |  |  |  |  | 147 |
Depreciation and amortization |  |  |  |  |  |  | 736 |
Other income (expense) unallocated |  |  |  |  |  |  |  |  |  | (183 | )
Provision (benefit) for income taxes |  |  |  |  |  |  | 72 |
Net earnings attributable to noncontrolling interest |  |  |  |  |  |  | 2 |
Net earnings attributable to FIS common stockholders |  |  |  |  |  |  | $ | 302 |
Capital expenditures (1) | $ | 168 |  |  | $ | 142 |  |  | $ | 10 |  |  | $ | 320 |
(1) | Capital expenditures for the six months ended June 30, 2019 include $35 million in other financing obligations for certain hardware and software.
As of and for the six months ended June 30, 2018 (in millions):
| IFS |  | GFS |  | Corporate and Other |  | Total
Revenue | $ | 2,185 |  |  | $ | 1,826 |  |  | $ | 161 |  |  | $ | 4,172 |
Operating expenses | 1,414 |  |  | 1,345 |  |  | 766 |  |  | 3,525 |
Depreciation and amortization | 172 |  |  | 137 |  |  | 397 |  |  | 706 |
EBITDA | 943 |  |  | 618 |  |  | (208 | ) |  | 1,353 |
Acquisition deferred revenue adjustment | — |  |  | — |  |  | 3 |  |  | 3 |
Acquisition, integration and other costs | — |  |  | — |  |  | 106 |  |  | 106 |
Adjusted EBITDA | $ | 943 |  |  | $ | 618 |  |  | $ | (99 | ) |  | $ | 1,462 |
EBITDA |  |  |  |  |  |  | $ | 1,353 |
Interest expense, net |  |  |  |  |  |  | 144 |
Depreciation and amortization |  |  |  |  |  |  | 706 |
Other income (expense) unallocated |  |  |  |  |  |  | (10 | )
Provision (benefit) for income taxes |  |  |  |  |  |  | 85 |
Net earnings attributable to noncontrolling interest |  |  |  |  |  |  | 14 |
Net earnings attributable to FIS common stockholders |  |  |  |  |  |  | $ | 394 |
Capital expenditures | $ | 175 |  |  | $ | 135 |  |  | $ | 6 |  |  | $ | 316 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
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