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Supplemental Guarantor Financial Information
9 Months Ended
Sep. 30, 2011
Supplemental Guarantor Financial Information [Abstract] 
Supplemental Guarantor Financial Information
Supplemental Guarantor Financial Information

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, 2011 and December 31, 2010; (b) the condensed consolidating statements of earnings for the three months and nine months ended September 30, 2011 and 2010; and (c) the condensed consolidating statements of cash flows for the nine months ended September 30, 2011 and 2010.

 
September 30, 2011
 
 
 
Guarantor
 
Non-guarantor
 
 
 
 
 
FIS
 
subsidiaries
 
subsidiaries
 
Eliminations
 
Consolidated
 
(in millions)
Assets
 
 
 
 
 
 
 
 
 
Current assets:
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
56.7

 
$
139.1

 
$
191.0

 
$

 
$
386.8

Settlement deposits

 
41.8

 

 

 
41.8

Trade receivables, net

 
650.0

 
158.3

 

 
808.3

Investment in subsidiaries, intercompany and receivables from related parties
9,658.3

 
7,816.4

 
1,055.4

 
(18,478.3
)
 
51.8

Other current assets
(2.2
)
 
238.1

 
79.6

 

 
315.5

Total current assets
9,712.8

 
8,885.4

 
1,484.3

 
(18,478.3
)
 
1,604.2

Property and equipment, net
1.5

 
341.9

 
67.3

 

 
410.7

Goodwill

 
7,413.4

 
1,148.8

 

 
8,562.2

Intangible assets, net

 
1,521.9

 
457.0

 

 
1,978.9

Computer software, net
32.3

 
677.2

 
183.6

 

 
893.1

Other noncurrent assets
85.8

 
211.7

 
138.9

 

 
436.4

Total assets
$
9,832.4

 
$
19,051.5

 
$
3,479.9

 
$
(18,478.3
)
 
$
13,885.5

Liabilities and Equity
 
 
 
 
 
 
 
 
 
Current liabilities:
 
 
 
 
 
 
 
 
 
Accounts payable and accrued liabilities
$
122.4

 
$
231.4

 
$
208.0

 
$

 
$
561.8

Settlement payables

 
120.6

 
4.5

 

 
125.1

Current portion of long-term debt
527.3

 
10.8

 
0.2

 

 
538.3

Deferred revenues

 
183.7

 
72.9

 

 
256.6

Other current liabilites

 
(0.3
)
 
34.8

 
(0.4
)
 
34.1

Total current liabilities
649.7

 
546.2

 
320.4

 
(0.4
)
 
1,515.9

Deferred income taxes

 
832.6

 
12.8

 

 
845.4

Long-term debt, excluding current portion
4,311.8

 
15.8

 
0.1

 

 
4,327.7

Other long-term liabilities
20.0

 
113.5

 
312.1

 

 
445.6

Total liabilities
4,981.5

 
1,508.1

 
645.4

 
(0.4
)
 
7,134.6

Total equity
4,850.9

 
17,543.4

 
2,834.5

 
(18,477.9
)
 
6,750.9

Total liabilities and equity
$
9,832.4

 
$
19,051.5

 
$
3,479.9

 
$
(18,478.3
)
 
$
13,885.5

 
December 31, 2010
 
 
 
Guarantor
 
Non-guarantor
 
 
 
 
 
FIS
 
subsidiaries
 
subsidiaries
 
Eliminations
 
Consolidated
 
(in millions)
Assets
 
 
 
 
 
 
 
 
 
Current assets:
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
7.7

 
$
161.6

 
$
168.7

 
$

 
$
338.0

Settlement deposits

 
35.9

 

 

 
35.9

Trade receivables, net

 
648.0

 
191.4

 

 
839.4

Investment in subsidiaries, intercompany and receivables from related parties
9,851.1

 
7,183.6

 
1,037.7

 
(18,022.2
)
 
50.2

Other current assets
46.1

 
310.0

 
86.3

 
(32.9
)
 
409.5

Total current assets
9,904.9

 
8,339.1

 
1,484.1

 
(18,055.1
)
 
1,673.0

Property and equipment, net
1.7

 
323.8

 
64.5

 

 
390.0

Goodwill

 
7,407.0

 
1,143.0

 

 
8,550.0

Intangible assets, net

 
1,694.9

 
508.0

 

 
2,202.9

Computer software, net
30.4

 
667.8

 
210.8

 

 
909.0

Other noncurrent assets
99.4

 
173.5

 
178.5

 

 
451.4

Total assets
$
10,036.4

 
$
18,606.1

 
$
3,588.9

 
$
(18,055.1
)
 
$
14,176.3

Liabilities and Equity
 
 
 
 
 
 
 
 
 
Current liabilities:
 
 
 
 
 
 
 
 
 
Accounts payable and accrued liabilities
$
175.4

 
$
218.4

 
$
231.7

 
$
(33.7
)
 
$
591.8

Settlement payables

 
136.3

 
4.3

 

 
140.6

Current portion of long-term debt
233.2

 
0.3

 
23.4

 

 
256.9

Deferred revenues

 
186.8

 
81.8

 

 
268.6

Other current liabilites

 

 
42.5

 

 
42.5

Total current liabilities
408.6

 
541.8

 
383.7

 
(33.7
)
 
1,300.4

Deferred income taxes

 
830.0

 
29.3

 

 
859.3

Long-term debt, excluding current portion
4,934.0

 
1.0

 
0.2

 

 
4,935.2

Other long-term liabilities
32.4

 
171.2

 
316.2

 

 
519.8

Total liabilities
5,375.0

 
1,544.0

 
729.4

 
(33.7
)
 
7,614.7

Total equity
4,661.4

 
17,062.1

 
2,859.5

 
(18,021.4
)
 
6,561.6

Total liabilities and equity
$
10,036.4

 
$
18,606.1

 
$
3,588.9

 
$
(18,055.1
)
 
$
14,176.3



 
Three months ended September 30, 2011
 
 
 
Guarantor
 
Non-guarantor
 
 
 
 
 
FIS
 
subsidiaries
 
subsidiaries
 
Eliminations
 
Consolidated
 
(in millions)
Processing and services revenues
$

 
$
1,117.6

 
$
308.6

 
$

 
$
1,426.2

Operating expenses
42.0

 
834.0

 
273.8

 

 
1,149.8

Operating income
(42.0
)
 
283.6

 
34.8

 

 
276.4

Other income (expense):
 
 
 
 
 
 
 
 
 
Interest expense, net
(57.6
)
 
(0.6
)
 
(2.3
)
 

 
(60.5
)
Other income (expense)
(0.1
)
 
1.4

 
(2.0
)
 

 
(0.7
)
Net earnings (loss) of equity affiliates
217.3

 

 

 
(217.3
)
 

Total other income (expense)
159.6

 
0.8

 
(4.3
)
 
(217.3
)
 
(61.2
)
Earnings (loss) from continuing operations before income taxes
117.6

 
284.4

 
30.5

 
(217.3
)
 
215.2

Provision for income taxes
(31.7
)
 
90.4

 
7.2

 

 
65.9

Net earnings (loss) from continuing operations
149.3

 
194.0

 
23.3

 
(217.3
)
 
149.3

Earnings (loss) from discontinued operations, net of tax
(9.1
)
 

 
(9.1
)
 
9.1

 
(9.1
)
Net earnings (loss)
140.2

 
194.0

 
14.2

 
(208.2
)
 
140.2

Net (earnings) loss attributable to noncontrolling interest
(3.9
)
 
0.2

 
(4.1
)
 
3.9

 
(3.9
)
Net earnings (loss) attributable to FIS common stockholders
$
136.3

 
$
194.2

 
$
10.1

 
$
(204.3
)
 
$
136.3



 
Three months ended September 30, 2010
 
 
 
Guarantor
 
Non-guarantor
 
 
 
 
 
FIS
 
subsidiaries
 
subsidiaries
 
Eliminations
 
Consolidated
 
(in millions)
Processing and services revenues
$
83.3

 
$
1,083.1

 
$
207.1

 
$
(6.3
)
 
$
1,367.2

Operating expenses
59.2

 
804.1

 
334.1

 
(6.3
)
 
1,191.1

Operating income
24.1

 
279.0

 
(127.0
)
 

 
176.1

Other income (expense):
 
 
 
 
 
 
 
 
 
Interest expense, net
(59.7
)
 
0.2

 
(1.4
)
 

 
(60.9
)
Other income (expense)
19.1

 
(3.7
)
 
2.5

 

 
17.9

Net earnings (loss) of equity affiliates
101.6

 

 

 
(101.6
)
 

Total other income (expense)
61.0

 
(3.5
)
 
1.1

 
(101.6
)
 
(43.0
)
Earnings (loss) from continuing operations before income taxes
85.1

 
275.5

 
(125.9
)
 
(101.6
)
 
133.1

Provision for income taxes
0.2

 
104.2

 
(56.2
)
 

 
48.2

Net earnings (loss) from continuing operations
84.9

 
171.3

 
(69.7
)
 
(101.6
)
 
84.9

Earnings (loss) from discontinued operations, net of tax
(23.9
)
 

 
(23.9
)
 
23.9

 
(23.9
)
Net earnings (loss)
61.0

 
171.3

 
(93.6
)
 
(77.7
)
 
61.0

Net (earnings) loss attributable to noncontrolling interest
49.4

 
0.3

 
49.1

 
(49.4
)
 
49.4

Net earnings (loss) attributable to FIS common stockholders
$
110.4

 
$
171.6

 
$
(44.5
)
 
$
(127.1
)
 
$
110.4




 
Nine months ended September 30, 2011
 
 
 
Guarantor
 
Non-guarantor
 
 
 
 
 
FIS
 
subsidiaries
 
subsidiaries
 
Eliminations
 
Consolidated
 
(in millions)
Processing and services revenues
$

 
$
3,319.4

 
$
931.9

 
$

 
$
4,251.3

Operating expenses
122.3

 
2,517.5

 
862.3

 

 
3,502.1

Operating income
(122.3
)
 
801.9

 
69.6

 

 
749.2

Other income (expense):
 
 
 
 
 
 
 
 
 
Interest expense, net
(183.1
)
 
(0.7
)
 
(10.5
)
 

 
(194.3
)
Other income (expense)

 

 
2.4

 

 
2.4

Net earnings (loss) of equity affiliates
575.6

 

 

 
(575.6
)
 

Total other income (expense)
392.5

 
(0.7
)
 
(8.1
)
 
(575.6
)
 
(191.9
)
Earnings (loss) from continuing operations before income taxes
270.2

 
801.2

 
61.5

 
(575.6
)
 
557.3

Provision for income taxes
(107.1
)
 
275.7

 
11.4

 

 
180.0

Net earnings (loss) from continuing operations
377.3

 
525.5

 
50.1

 
(575.6
)
 
377.3

Earnings (loss) from discontinued operations, net of tax
(18.2
)
 

 
(18.2
)
 
18.2

 
(18.2
)
Net earnings (loss)
359.1

 
525.5

 
31.9

 
(557.4
)
 
359.1

Net (earnings) loss attributable to noncontrolling interest
(6.5
)
 
0.6

 
(7.1
)
 
6.5

 
(6.5
)
Net earnings (loss) attributable to FIS common stockholders
$
352.6

 
$
526.1

 
$
24.8

 
$
(550.9
)
 
$
352.6




 
Nine months ended September 30, 2010
 
 
 
Guarantor
 
Non-guarantor
 
 
 
 
 
FIS
 
subsidiaries
 
subsidiaries
 
Eliminations
 
Consolidated
 
(in millions)
Processing and services revenues
$
83.3

 
$
3,224.1

 
$
605.9

 
$
(40.1
)
 
$
3,873.2

Operating expenses
215.2

 
2,473.0

 
677.5

 
(40.1
)
 
3,325.6

Operating income
(131.9
)
 
751.1

 
(71.6
)
 

 
547.6

Other income (expense):
 
 
 
 
 
 
 
 
 
Interest expense, net
(104.0
)
 
(2.8
)
 
(1.6
)
 

 
(108.4
)
Other income (expense)
9.7

 
(12.4
)
 
2.7

 

 

Net earnings (loss) of equity affiliates
423.8

 

 

 
(423.8
)
 

Total other income (expense)
329.5

 
(15.2
)
 
1.1

 
(423.8
)
 
(108.4
)
Earnings (loss) from continuing operations before income taxes
197.6

 
735.9

 
(70.5
)
 
(423.8
)
 
439.2

Provision for income taxes
(80.4
)
 
281.5

 
(39.9
)
 

 
161.2

Net earnings (loss) from continuing operations
278.0

 
454.4

 
(30.6
)
 
(423.8
)
 
278.0

Earnings (loss) from discontinued operations, net of tax
(32.4
)
 

 
(32.4
)
 
32.4

 
(32.4
)
Net earnings (loss)
245.6

 
454.4

 
(63.0
)
 
(391.4
)
 
245.6

Net (earnings) loss attributable to noncontrolling interest
48.3

 
1.1

 
47.2

 
(48.3
)
 
48.3

Net earnings (loss) attributable to FIS common stockholders
$
293.9

 
$
455.5

 
$
(15.8
)
 
$
(439.7
)
 
$
293.9




 
Nine months ended September 30, 2011
 
 
 
Guarantor
 
Non-guarantor
 
 
 
 
 
FIS
 
subsidiaries
 
subsidiaries
 
Eliminations
 
Consolidated
 
(in millions)
Cash flows from operating activities
$
(192.5
)
 
$
845.0

 
$
143.8

 
$
2.8

 
$
799.1

Cash flows from investing activities
(10.4
)
 
(173.7
)
 
(44.5
)
 

 
(228.6
)
Cash flows from financing activities
251.9

 
(693.8
)
 
(68.7
)
 
(2.8
)
 
(513.4
)
Effect of foreign currency exchange rates on cash

 

 
(8.3
)
 

 
(8.3
)
Net increase (decrease) in cash
$
49.0

 
$
(22.5
)
 
$
22.3

 
$

 
$
48.8


 
Nine months ended September 30, 2010
 
 
 
Guarantor
 
Non-guarantor
 
 
 
 
 
FIS
 
subsidiaries
 
subsidiaries
 
Eliminations
 
Consolidated
 
(in millions)
Cash flows from operating activities
$
(120.8
)
 
$
745.2

 
$
111.9

 
$
49.6

 
$
785.9

Cash flows from investing activities
(16.7
)
 
(223.2
)
 
19.0

 

 
(220.9
)
Cash flows from financing activities
139.1

 
(615.6
)
 
(78.3
)
 
(49.6
)
 
(604.4
)
Effect of foreign currency exchange rates on cash

 

 
(2.1
)
 

 
(2.1
)
Net increase (decrease) in cash
$
1.6

 
$
(93.6
)
 
$
50.5

 
$

 
$
(41.5
)