| Condensed Consolidating Balance Sheet |
| | | | | | | | | | | | | | | | | | | | | | Condensed Consolidating Balance Sheets | | September 30, 2013 | | | | Guarantor | | Non-guarantor | | | | | | FIS | | subsidiaries | | subsidiaries | | Eliminations | | Consolidated | | (in millions) | Assets | | | | | | | | | | Current assets: | | | | | | | | | | Cash and cash equivalents | $ | 18.3 |
| | $ | 290.5 |
| | $ | 502.8 |
| | $ | — |
| | $ | 811.6 |
| Settlement deposits | — |
| | 568.7 |
| | — |
| | — |
| | 568.7 |
| Trade receivables, net | — |
| | 724.2 |
| | 268.6 |
| | — |
| | 992.8 |
| Investment in subsidiaries, intercompany and receivables from related parties | 9,695.4 |
| | 10,276.9 |
| | 1,017.2 |
| | (20,948.5 | ) | | 41.0 |
| Other current assets | 29.7 |
| | 228.2 |
| | 162.1 |
| | — |
| | 420.0 |
| Total current assets | 9,743.4 |
| | 12,088.5 |
| | 1,950.7 |
| | (20,948.5 | ) | | 2,834.1 |
| Property and equipment, net | 7.1 |
| | 330.1 |
| | 91.1 |
| | — |
| | 428.3 |
| Goodwill | — |
| | 7,205.5 |
| | 1,285.4 |
| | — |
| | 8,490.9 |
| Intangible assets, net | — |
| | 1,039.0 |
| | 365.8 |
| | — |
| | 1,404.8 |
| Computer software, net | 37.6 |
| | 651.2 |
| | 165.6 |
| | — |
| | 854.4 |
| Other noncurrent assets | 65.8 |
| | 327.0 |
| | 85.4 |
| | — |
| | 478.2 |
| Total assets | $ | 9,853.9 |
| | $ | 21,641.3 |
| | $ | 3,944.0 |
| | $ | (20,948.5 | ) | | $ | 14,490.7 |
| Liabilities and Equity | | | | | | | | | | Current liabilities: | | | | | | | | | | Accounts payable and accrued liabilities | $ | 150.6 |
| | $ | 218.3 |
| | $ | 303.2 |
| | $ | — |
| | $ | 672.1 |
| Settlement payables | — |
| | 656.2 |
| | 104.4 |
| | — |
| | 760.6 |
| Current portion of long-term debt | 101.6 |
| | 13.9 |
| | 1.6 |
| | — |
| | 117.1 |
| Deferred revenues | — |
| | 163.9 |
| | 69.6 |
| | — |
| | 233.5 |
| Other current liabilities | — |
| | — |
| | 14.2 |
| | — |
| | 14.2 |
| Total current liabilities | 252.2 |
| | 1,052.3 |
| | 493.0 |
| | — |
| | 1,797.5 |
| Deferred income taxes | — |
| | 775.0 |
| | 24.5 |
| | — |
| | 799.5 |
| Long-term debt, excluding current portion | 4,695.0 |
| | 8.5 |
| | 0.6 |
| | — |
| | 4,704.1 |
| Other long-term liabilities | 3.3 |
| | 92.3 |
| | 290.3 |
| | — |
| | 385.9 |
| Total liabilities | 4,950.5 |
| | 1,928.1 |
| | 808.4 |
| | — |
| | 7,687.0 |
| Total equity | 4,903.4 |
| | 19,713.2 |
| | 3,135.6 |
| | (20,948.5 | ) | | 6,803.7 |
| Total liabilities and equity | $ | 9,853.9 |
| | $ | 21,641.3 |
| | $ | 3,944.0 |
| | $ | (20,948.5 | ) | | $ | 14,490.7 |
|
| | | | | | | | | | | | | | | | | | | | | | Condensed Consolidating Balance Sheets | | December 31, 2012 | | | | Guarantor | | Non-guarantor | | | | | | FIS | | subsidiaries | | subsidiaries | | Eliminations | | Consolidated | | (in millions) | Assets | | | | | | | | | | Current assets: | | | | | | | | | | Cash and cash equivalents | $ | 18.4 |
| | $ | 226.8 |
| | $ | 272.4 |
| | $ | — |
| | $ | 517.6 |
| Settlement deposits | — |
| | 32.6 |
| | — |
| | — |
| | 32.6 |
| Trade receivables, net | — |
| | 693.9 |
| | 231.8 |
| | — |
| | 925.7 |
| Investment in subsidiaries, intercompany and receivables from related parties | 9,207.5 |
| | 9,482.0 |
| | 1,087.8 |
| | (19,735.3 | ) | | 42.0 |
| Other current assets | 21.2 |
| | 259.6 |
| | 45.5 |
| | — |
| | 326.3 |
| Total current assets | 9,247.1 |
| | 10,694.9 |
| | 1,637.5 |
| | (19,735.3 | ) | | 1,844.2 |
| Property and equipment, net | 12.0 |
| | 328.8 |
| | 78.7 |
| | — |
| | 419.5 |
| Goodwill | — |
| | 7,205.7 |
| | 1,175.8 |
| | — |
| | 8,381.5 |
| Intangible assets, net | — |
| | 1,191.4 |
| | 384.8 |
| | — |
| | 1,576.2 |
| Computer software, net | 39.7 |
| | 641.9 |
| | 165.4 |
| | — |
| | 847.0 |
| Other noncurrent assets | 103.2 |
| | 288.3 |
| | 89.8 |
| | — |
| | 481.3 |
| Total assets | $ | 9,402.0 |
| | $ | 20,351.0 |
| | $ | 3,532.0 |
| | $ | (19,735.3 | ) | | $ | 13,549.7 |
| Liabilities and Equity | | | | | | | | | | Current liabilities: | | | | | | | | | | Accounts payable and accrued liabilities | $ | 110.7 |
| | $ | 257.1 |
| | $ | 256.8 |
| | $ | — |
| | $ | 624.6 |
| Settlement payables | — |
| | 165.6 |
| | 6.6 |
| | — |
| | 172.2 |
| Current portion of long-term debt | 144.4 |
| | 7.4 |
| | 2.1 |
| | — |
| | 153.9 |
| Deferred revenues | — |
| | 224.0 |
| | 63.3 |
| | — |
| | 287.3 |
| Other current liabilites | — |
| | — |
| | 18.8 |
| | — |
| | 18.8 |
| Total current liabilities | 255.1 |
| | 654.1 |
| | 347.6 |
| | — |
| | 1,256.8 |
| Deferred income taxes | — |
| | 820.4 |
| | 1.4 |
| | — |
| | 821.8 |
| Long-term debt, excluding current portion | 4,224.1 |
| | 7.2 |
| | 0.3 |
| | — |
| | 4,231.6 |
| Other long-term liabilities | 29.0 |
| | 99.7 |
| | 317.2 |
| | — |
| | 445.9 |
| Total liabilities | 4,508.2 |
| | 1,581.4 |
| | 666.5 |
| | — |
| | 6,756.1 |
| Total equity | 4,893.8 |
| | 18,769.6 |
| | 2,865.5 |
| | (19,735.3 | ) | | 6,793.6 |
| Total liabilities and equity | $ | 9,402.0 |
| | $ | 20,351.0 |
| | $ | 3,532.0 |
| | $ | (19,735.3 | ) | | $ | 13,549.7 |
|
|
| Condensed Consolidating Statement of Earnings |
| | | | | | | | | | | | | | | | | | | | | | 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 | $ | — |
| | $ | 1,158.8 |
| | $ | 342.9 |
| | $ | — |
| | $ | 1,501.7 |
| Operating expenses | 55.7 |
| | 861.6 |
| | 266.3 |
| | — |
| | 1,183.6 |
| Operating income | (55.7 | ) | | 297.2 |
| | 76.6 |
| | — |
| | 318.1 |
| Other income (expense): | | | | | | | | | | Interest expense, net | (43.2 | ) | | (0.2 | ) | | (0.3 | ) | | — |
| | (43.7 | ) | Other income (expense) | (2.1 | ) | | 2.4 |
| | 5.6 |
| | — |
| | 5.9 |
| Net earnings (loss) of equity affiliates | 249.2 |
| | — |
| | — |
| | (249.2 | ) | | — |
| Total other income (expense) | 203.9 |
| | 2.2 |
| | 5.3 |
| | (249.2 | ) | | (37.8 | ) | Earnings (loss) from continuing operations before income taxes | 148.2 |
| | 299.4 |
| | 81.9 |
| | (249.2 | ) | | 280.3 |
| Provision (benefit) for income taxes | (34.2 | ) | | 101.8 |
| | 30.3 |
| | — |
| | 97.9 |
| Net earnings (loss) from continuing operations | 182.4 |
| | 197.6 |
| | 51.6 |
| | (249.2 | ) | | 182.4 |
| Earnings (loss) from discontinued operations, net of tax | (3.3 | ) | | 0.1 |
| | (3.4 | ) | | 3.3 |
| | (3.3 | ) | Net earnings (loss) | 179.1 |
| | 197.7 |
| | 48.2 |
| | (245.9 | ) | | 179.1 |
| Net (earnings) loss attributable to noncontrolling interest | (6.8 | ) | | (0.1 | ) | | (6.7 | ) | | 6.8 |
| | (6.8 | ) | Net earnings (loss) attributable to FIS common stockholders | $ | 172.3 |
| | $ | 197.6 |
| | $ | 41.5 |
| | $ | (239.1 | ) | | $ | 172.3 |
| Comprehensive earnings (loss) attributable to FIS | $ | 181.4 |
| | $ | 197.3 |
| | $ | 56.3 |
| | $ | (253.6 | ) | | $ | 181.4 |
|
| | | | | | | | | | | | | | | | | | | | | | Condensed Consolidating Statements of Earnings and Comprehensive Earnings | | Three months ended September 30, 2012 | | | | Guarantor | | Non-guarantor | | | | | | FIS | | subsidiaries | | subsidiaries | | Eliminations | | Consolidated | | (in millions) | Processing and services revenues | $ | — |
| | $ | 1,115.4 |
| | $ | 321.5 |
| | $ | — |
| | $ | 1,436.9 |
| Operating expenses | 50.2 |
| | 832.9 |
| | 265.9 |
| | — |
| | 1,149.0 |
| Operating income | (50.2 | ) | | 282.5 |
| | 55.6 |
| | — |
| | 287.9 |
| Other income (expense): | | | | | | | | | | Interest expense, net | (53.1 | ) | | (0.4 | ) | | (0.5 | ) | | — |
| | (54.0 | ) | Other income (expense) | 1.5 |
| | (0.8 | ) | | (2.2 | ) | | — |
| | (1.5 | ) | Net earnings (loss) of equity affiliates | 220.9 |
| | — |
| | — |
| | (220.9 | ) | | — |
| Total other income (expense) | 169.3 |
| | (1.2 | ) | | (2.7 | ) | | (220.9 | ) | | (55.5 | ) | Earnings (loss) from continuing operations before income taxes | 119.1 |
| | 281.3 |
| | 52.9 |
| | (220.9 | ) | | 232.4 |
| Provision (benefit) for income taxes | (34.3 | ) | | 94.7 |
| | 18.6 |
| | — |
| | 79.0 |
| Net earnings (loss) from continuing operations | 153.4 |
| | 186.6 |
| | 34.3 |
| | (220.9 | ) | | 153.4 |
| Earnings (loss) from discontinued operations, net of tax | (61.0 | ) | | (56.2 | ) | | (4.8 | ) | | 61.0 |
| | (61.0 | ) | Net earnings (loss) | 92.4 |
| | 130.4 |
| | 29.5 |
| | (159.9 | ) | | 92.4 |
| Net (earnings) loss attributable to noncontrolling interest | (5.6 | ) | | — |
| | (5.6 | ) | | 5.6 |
| | (5.6 | ) | Net earnings (loss) attributable to FIS common stockholders | $ | 86.8 |
| | $ | 130.4 |
| | $ | 23.9 |
| | $ | (154.3 | ) | | $ | 86.8 |
| Comprehensive earnings (loss) attributable to FIS | $ | 84.0 |
| | $ | 129.5 |
| | $ | 39.2 |
| | $ | (150.6 | ) | | $ | 102.1 |
|
| | | | | | | | | | | | | | | | | | | | | | 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 | $ | — |
| | $ | 3,499.0 |
| | $ | 993.2 |
| | $ | — |
| | $ | 4,492.2 |
| Operating expenses | 173.8 |
| | 2,604.0 |
| | 873.6 |
| | — |
| | 3,651.4 |
| Operating income | (173.8 | ) | | 895.0 |
| | 119.6 |
| | — |
| | 840.8 |
| Other income (expense): | | | | | | | | | | Interest expense, net | (141.5 | ) | | (1.0 | ) | | (2.3 | ) | | — |
| | (144.8 | ) | Other income (expense) | (56.3 | ) | | 5.6 |
| | (0.2 | ) | | — |
| | (50.9 | ) | Net earnings (loss) of equity affiliates | 684.4 |
| | — |
| | — |
| | (684.4 | ) | | — |
| Total other income (expense) | 486.6 |
| | 4.6 |
| | (2.5 | ) | | (684.4 | ) | | (195.7 | ) | Earnings (loss) from continuing operations before income taxes | 312.8 |
| | 899.6 |
| | 117.1 |
| | (684.4 | ) | | 645.1 |
| Provision (benefit) for income taxes | (118.3 | ) | | 289.6 |
| | 42.7 |
| | — |
| | 214.0 |
| Net earnings (loss) from continuing operations | 431.1 |
| | 610.0 |
| | 74.4 |
| | (684.4 | ) | | 431.1 |
| Earnings (loss) from discontinued operations, net of tax | 6.4 |
| | 0.2 |
| | (10.5 | ) | | 10.3 |
| | 6.4 |
| Net earnings (loss) | 437.5 |
| | 610.2 |
| | 63.9 |
| | (674.1 | ) | | 437.5 |
| Net (earnings) loss attributable to noncontrolling interest | (16.3 | ) | | 0.2 |
| | (16.5 | ) | | 16.3 |
| | (16.3 | ) | Net earnings (loss) attributable to FIS common stockholders | $ | 421.2 |
| | $ | 610.4 |
| | $ | 47.4 |
| | $ | (657.8 | ) | | $ | 421.2 |
| Comprehensive earnings (loss) attributable to FIS | $ | 390.0 |
| | $ | 611.8 |
| | $ | 18.1 |
| | $ | (629.9 | ) | | $ | 390.0 |
|
| | | | | | | | | | | | | | | | | | | | | | Condensed Consolidating Statements of Earnings and Comprehensive Earnings | | Nine months ended September 30, 2012 | | | | Guarantor | | Non-guarantor | | | | | | FIS | | subsidiaries | | subsidiaries | | Eliminations | | Consolidated | | (in millions) | Processing and services revenues | $ | — |
| | $ | 3,381.4 |
| | $ | 926.1 |
| | $ | — |
| | $ | 4,307.5 |
| Operating expenses | 153.8 |
| | 2,558.2 |
| | 802.4 |
| | — |
| | 3,514.4 |
| Operating income | (153.8 | ) | | 823.2 |
| | 123.7 |
| | — |
| | 793.1 |
| Other income (expense): | | | | | | | | | | Interest expense, net | (166.4 | ) | | (0.9 | ) | | (2.7 | ) | | — |
| | (170.0 | ) | Other income (expense) | (16.2 | ) | | (1.8 | ) | | (6.2 | ) | | — |
| | (24.2 | ) | Net earnings (loss) of equity affiliates | 635.7 |
| | — |
| | — |
| | (635.7 | ) | | — |
| Total other income (expense) | 453.1 |
| | (2.7 | ) | | (8.9 | ) | | (635.7 | ) | | (194.2 | ) | Earnings (loss) from continuing operations before income taxes | 299.3 |
| | 820.5 |
| | 114.8 |
| | (635.7 | ) | | 598.9 |
| Provision (benefit) for income taxes | (107.6 | ) | | 259.2 |
| | 40.4 |
| | — |
| | 192.0 |
| Net earnings (loss) from continuing operations | 406.9 |
| | 561.3 |
| | 74.4 |
| | (635.7 | ) | | 406.9 |
| Earnings (loss) from discontinued operations, net of tax | (70.6 | ) | | (47.7 | ) | | (22.9 | ) | | 70.6 |
| | (70.6 | ) | Net earnings (loss) | 336.3 |
| | 513.6 |
| | 51.5 |
| | (565.1 | ) | | 336.3 |
| Net (earnings) loss attributable to noncontrolling interest | (11.8 | ) | | 0.4 |
| | (12.2 | ) | | 11.8 |
| | (11.8 | ) | Net earnings (loss) attributable to FIS common stockholders | $ | 324.5 |
| | $ | 514.0 |
| | $ | 39.3 |
| | $ | (553.3 | ) | | $ | 324.5 |
| Comprehensive earnings (loss) attributable to FIS | $ | 312.1 |
| | $ | 514.1 |
| | $ | 47.5 |
| | $ | (550.1 | ) | | $ | 323.6 |
|
|