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FORM 8-K

United States
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

Current Report
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (date of earliest event reported):
December 5, 2008

Fidelity National Information Services, Inc.

(Exact name of Registrant as Specified in its Charter)

1-16427
(Commission File Number)

     
Georgia   58-2606325
(State or Other Jurisdiction of Incorporation or Organization)   (IRS Employer Identification Number)

601 Riverside Avenue
Jacksonville, Florida 32204

(Addresses of Principal Executive Offices)

(904) 854-8100
(Registrant’s Telephone Number, Including Area Code)

(Former Name or Former Address, if Changed Since Last Report)

     
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
    
o
   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
    
o
   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
    
o
   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
    
o
   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

TABLE OF CONTENTS
     
     Item 2.02 Results of Operations and Financial Condition
   
 
     Item 9.01 Financial Statements and Exhibits
   
 
SIGNATURE  
 
   
 
EXHIBIT INDEX  
 
   
 
EXHIBIT 99.1  
 

 

 

Item 2.02 Results of Operations and Financial Condition
Certegy Australia
     On October 13, 2008, Fidelity National Information Services, Inc. (“FIS”) completed the sale of the operating assets of Certegy Australia, Ltd. FIS will begin reporting Certegy Australia, Ltd. as a discontinued operation beginning with the results of operations for the three and twelve month periods ended December 31, 2008.
Reclassifications
     During the first quarter of 2008, the Company reclassified certain revenues from the eFunds acquisition from the International revenue channel to the Integrated Financial Solutions and Enterprise Solutions revenue channels. Accordingly, certain revenues related to eFunds in the third and fourth quarters of 2007 have been reclassified to conform with our current presentation.
     Because the operating results of Certegy Australia, Ltd. will not be formally reported as discontinued operations until the completion of the 2008 fourth quarter, management desires to furnish more timely information to investors to improve the understanding of the Company’s operating performance. Management is separately furnishing information which reflects the operations of Certegy Australia, Ltd. as a discontinued operation and the reclassification of certain eFunds revenues noted above.
     The purpose of the schedules included in Exhibit 99.1 is to recast the 2007 results by quarter and on an annual basis, along with the first, second and third quarters of 2008 in a manner consistent with how FIS will report results beginning in the fourth quarter of 2008. These schedules report the operating results of Certegy Australia, Ltd., which we have sold as discontinued operations. Additionally, Exhibit A reflects the reclassifications of certain eFunds revenues from the International revenue channel to the Integrated Financial Solutions and Enterprise Solutions revenue channels. Revenues and expenses associated with Certegy Australia, Ltd., are presented as discontinued operations in the consolidated statements of earnings. Discontinued operations are reflected separately, net of tax, below net earnings from continuing operations.
     The exhibit included with this filing contains financial information determined by methods other than in accordance with generally accepted accounting principles (“GAAP”). FIS’s management uses non-GAAP measures for planning purposes, including the preparation of annual operating budgets, and to evaluate the operating performance of its businesses and to compare its operating performance with that of its competitors. Therefore, management believes non-GAAP measures to be relevant and useful information for investors. The non-GAAP measures exclude certain items, which management believes are not indicative of core operating results, however, these items do impact our income statement, and management therefore utilizes non-GAAP measures as an operating performance measure in conjunction with GAAP measures, such as operating income or other income statement data prepared in accordance with GAAP. The non-GAAP measures should not be used in isolation or as a substitute for other measures of financial performance reported in accordance with GAAP.
     The information included in Items 2.02 and 9.01 within this Current Report are being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended or otherwise subject to the liabilities of that Section. The information included in Items 2.02 and 9.01 within this Current Report shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended.
     A copy of the historical financial data is attached as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
99.1 Fidelity National Information Services, Inc. Supplemental Financial Schedules
As described in Item 2.02 above of this Current Report, this exhibit is “furnished” and not “filed” with this Current Report.

 

 

SIGNATURE
     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
         
  Fidelity National Information Services, Inc.

 		  
Date: December 5, 2008  By:   /s/  George P. Scanlon    
    Name:  George P. Scanlon  
    Title:    Executive Vice President and
             Chief Financial Officer		  
 

 

 

EXHIBIT INDEX
     
Exhibit   Description
 
    
99.1
  Fidelity National Information Services, Inc. Supplemental Financial Information
 
    
 
  As described in Item 2.02 above of this Current Report, this exhibit is “furnished” and not “filed” with this Current Report.

 

EX-99.1
Exhibit 99.1
Fidelity National Information Services, Inc.
Supplemental Financial Schedules
December 5, 2008
Certegy Australia
     On October 13, 2008, Fidelity National Information Services, Inc. (“FIS”) completed the sale of the operating assets of Certegy Australia, Ltd. FIS will begin reporting Certegy Australia, Ltd. as a discontinued operation beginning with the results of operations for the three and twelve month periods ended December 31, 2008.
Reclassifications
     During the first quarter of 2008, the Company reclassified certain revenues from the eFunds acquisition from the International revenue channel to the Integrated Financial Solutions and Enterprise Solutions revenue channels. Accordingly, certain revenues related to eFunds in the third and fourth quarters of 2007 have been reclassified to conform with our current presentation.
     Because the operating results of Certegy Australia, Ltd. will not be formally reported as discontinued operations until the completion of the 2008 fourth quarter, management desires to furnish more timely information to investors to improve the understanding of the Company’s operating performance. Management is separately furnishing information which reflects the operations of Certegy Australia, Ltd. as a discontinued operation and the reclassification of certain eFunds revenues noted above.
     The purpose of the schedules included in Exhibit 99.1 is to recast the 2007 results by quarter and on an annual basis, along with the first, second and third quarters of 2008 in a manner consistent with how FIS will report results beginning in the fourth quarter of 2008. These schedules report the operating results of Certegy Australia, Ltd., which we have sold as discontinued operations. Additionally, Exhibit A reflects the reclassifications of certain eFunds revenues from the International revenue channel to the Integrated Financial Solutions and Enterprise Solutions revenue channels. Revenues and expenses associated with Certegy Australia, Ltd., are presented as discontinued operations in the consolidated statements of earnings. Discontinued operations are reflected separately, net of tax, below net earnings from continuing operations.
Exhibit Listing
     
Exhibit A
  FIS Supplemental Financial Information — Unaudited for the full year 2007 and the quarters ended March 31, June 30, September 30, and December 31, 2007 and March 31, June 30, and September 30, 2008
 
    
Exhibit B
  FIS Summary Recast Supplemental Non-GAAP Information - Unaudited for the full year 2007 and the quarters ended March 31, June 30, September 30, and December 31, 2007 and March 31, June 30, and September 30, 2008
 
    
Exhibit C
  FIS Recast Supplemental GAAP to Non-GAAP Reconciliation - Unaudited for the full year 2007 and the quarters ended March 31, June 30, September 30, and December 31, 2007 and March 31, June 30, and September 30, 2008

1

 

Exhibit A
FIDELITY NATIONAL INFORMATION SERVICES, INC.
SUPPLEMENTAL FINANCIAL INFORMATION — UNAUDITED
(In thousands, except per share data)
                                                                         
                                                                    Full Year  
            9/30/2008     6/30/2008     3/31/2008     12/31/2007     9/30/2007     6/30/2007     3/31/2007     12/31/2007  
  1.    
Income Statement-GAAP Presentation
                                                                
       
Processing and services revenues
   $ 884,040     $ 869,678     $ 830,266     $ 855,330     $ 705,415     $ 695,273     $ 664,964     $ 2,920,982  
       
Cost of revenues
     658,140       670,191       644,586       648,451       563,691       534,576       519,146       2,265,864  
       
 
                                                
       
Gross profit
     225,900       199,487       185,680       206,879       141,724       160,697       145,818       655,118  
       
Selling, general and administrative
     79,944       122,223       116,192       86,276       72,387       74,668       69,557       302,888  
       
Research and development costs
     26,155       19,357       18,283       20,376       17,579       14,905       17,518       70,378  
       
 
                                                
       
Operating Income
     119,801       57,907       51,205       100,227       51,758       71,124       58,743       281,852  
       
Interest income
     978       1,637       2,758       1,942       719       165       209       3,035  
       
Interest expense
     (47,660 )     (43,628 )     (38,783 )     (39,477 )     (37,057 )     (42,275 )     (71,412 )     (190,221 )
       
Gain on sale of Covansys stock
     —       —       —       —       182,444       92,044       —       274,488  
       
Other income
     (94 )     1,192       (1,166 )     11,160       2,841       958       (147 )     14,812  
       
 
                                                
       
Earnings from continuing operations before tax and minority interest
     73,025       17,108       14,014       73,852       200,705       122,016       (12,607 )     383,966  
       
Provision for income tax
     27,044       3,196       3,346       25,953       72,905       43,169       (5,865 )     136,162  
       
 
                                                
       
Earnings before equity in earnings (losses) and minority interest
     45,981       13,912       10,668       47,899       127,800       78,847       (6,742 )     247,804  
       
Equity in earnings (losses) of unconsolidated entities, net
     —       (157 )     —       1       86       1,330       1,408       2,825  
       
Minority interest (expense) income, net of tax
     (2,751 )     (306 )     190       (319 )     41       (11 )     339       50  
       
 
                                                
       
Net earnings from continuing operations
     43,230       13,449       10,858       47,581       127,927       80,166       (4,995 )     250,679  
       
Earnings from discontinued operations
     393       58,458       59,642       60,830       117,377       67,838       64,498       310,543  
       
 
                                                
       
Net earnings
   $ 43,623     $ 71,907     $ 70,500     $ 108,411     $ 245,304     $ 148,004     $ 59,503     $ 561,222  
       
 
                                                
       
Net earnings from continuing operations per share diluted
   $ 0.23     $ 0.07     $ 0.06     $ 0.24     $ 0.65     $ 0.41     $ (0.03 )   $ 1.28  
       
 
                                                
  2.    
Revenues
                                                                
       
Revenue from Continuing Operations:
                                                                
       
Integrated Financial Solutions
   $ 390,746     $ 380,463     $ 368,585     $ 368,480     $ 309,412     $ 297,117     $ 283,753     $ 1,258,762  
       
Enterprise Solutions
     291,582       275,303       276,460       288,995       235,514       238,817       228,272       991,598  
       
International
     192,420       203,755       174,236       187,355       145,117       143,293       138,185       613,950  
       
Corporate and Other
     9,292       10,157       10,985       10,500       15,372       16,046       14,754       56,672  
       
 
                                                
       
Total Revenue from Continuing Operations
     884,040       869,678       830,266       855,330       705,415       695,273       664,964       2,920,982  
       
 
                                                
       
Total Revenue from Discontinued Operations
   $ 9,804     $ 469,587     $ 490,406     $ 475,083     $ 474,483     $ 480,965     $ 459,103     $ 1,889,634  
       
 
                                                
       
Revenue Growth from Prior Year Period (A)
                                                                
       
Integrated Financial Solutions
     26.3 %     28.1 %     29.9 %     30.1 %     11.8 %     9.1 %     5.1 %     14.2 %
       
Enterprise Solutions
     23.8 %     15.3 %     21.1 %     19.1 %     3.2 %     10.5 %     6.8 %     10.1 %
       
International
     32.6 %     42.2 %     26.1 %     32.9 %     22.1 %     44.3 %     58.4 %     37.5 %
       
Corporate and Other
     -39.6 %     -36.7 %     -25.5 %     -3.3 %     38.8 %     -10.6 %     -9.4 %     0.9 %
       
 
                                                
       
Total Revenue Growth from Continuing Operations
     25.3 %     25.1 %     24.9 %     26.2 %     11.1 %     14.8 %     13.2 %     16.6 %
       
 
                                                
  3.    
Revenue from Continuing Operations, Excluding eFunds
                                                                
       
Integrated Financial Solutions
   $ 322,915     $ 310,616     $ 297,566     $ 297,912     $ 296,142     $ 297,117     $ 283,753     $ 1,174,924  
       
Enterprise Solutions
     230,318       218,426       218,649       235,036       224,215       238,817       228,272       926,340  
       
International
     178,304       192,347       161,742       170,782       142,057       143,293       138,185       594,317  
       
Corporate and Other
     9,638       11,068       11,000       11,643       16,373       16,046       14,755       58,817
       
 
                                                
       
Total Revenue, from Continuing Operations Excluding eFunds
   $ 741,175     $ 732,457     $ 688,957     $ 715,373     $ 678,787     $ 695,273     $ 664,965     $ 2,754,398  
       
 
                                                
       
Revenue Growth from Prior Year Period, excluding eFunds (A)
                                                                
       
Integrated Financial Solutions
     9.0 %     4.5 %     4.9 %     5.2 %     7.0 %     9.1 %     5.1 %     6.6 %
       
Enterprise Solutions
     2.7 %     -8.5 %     -4.2 %     -3.1 %     -1.8 %     10.5 %     6.8 %     2.8 %
       
International
     25.5 %     34.2 %     17.0 %     21.2 %     19.5 %     44.3 %     58.4 %     33.2 %
       
Corporate and Other
     -41.4 %     -31.0 %     -25.4 %     7.2 %     47.8 %     -10.6 %     -9.4 %     4.7 %
       
 
                                                
       
Total Revenue Growth, from Continuing Operations Excluding eFunds
     9.2 %     5.3 %     3.6 %     5.6 %     6.9 %     14.8 %     13.2 %     9.9 %
       
 
                                                
Notes
(A) Growth calculation for full year 2007 includes Certegy revenue for January 2006.

2

 

Exhibit B
FIDELITY NATIONAL INFORMATION SERVICES, INC.
SUMMARY RECAST NON-GAAP INFORMATION — UNAUDITED
(in thousands, except per share data)
                                                                 
    Non-GAAP     Non-GAAP     Non-GAAP     Non-GAAP     Non-GAAP     Non-GAAP     Non-GAAP     Non-GAAP  
    Three Months     Three Months     Three Months     Three Months     Three Months     Three Months     Three Months     Twelve Months  
    Ended     Ended     Ended     Ended     Ended     Ended     Ended     Ended  
    September 30, 2008     June 30, 2008     March 31, 2008     December 31, 2007     September 30, 2007     June 30, 2007     March 31, 2007     December 31, 2007  
    (Unaudited)     (Unaudited)     (Unaudited)     (Unaudited)     (Unaudited)     (Unaudited)     (Unaudited)     (Unaudited)  
Processing and services revenue
   $ 884,040     $ 869,678     $ 830,266     $ 855,330     $ 705,415     $ 695,273     $ 664,964     $ 2,920,982  
Cost of revenues
     621,447       610,782       608,086       610,076       518,984       505,340       484,932       2,119,332  
 
                                                
Gross profit
     262,593       258,896       222,180       245,254       186,431       189,933       180,032       801,650  
 
                                                
Selling, general and administrative
     78,121       102,427       89,339       80,680       62,368       67,971       63,338       274,357  
Research and development costs
     26,155       19,357       18,283       20,376       17,579       14,905       17,518       70,378  
 
                                                
Operating income
     158,317       137,112       114,558       144,198       106,484       107,057       99,176       456,915  
 
                                                
Other income (expense):
                                                                
Interest income
     978       1,637       2,758       1,942       719       165       209       3,035  
Interest expense
     (35,289 )     (40,906 )     (38,783 )     (39,477 )     (20,935 )     (22,326 )     (24,519 )     (107,257 )
Other income, net
     (94 )     1,192       (1,166 )     (905 )     60       958       (147 )     (34 )
 
                                                
Total other income (expense)
     (34,405 )     (38,077 )     (37,191 )     (38,440 )     (20,156 )     (21,203 )     (24,457 )     (104,256 )
 
                                                
Earnings before income taxes, equity in (losses) earnings of unconsolidated entities, minority interest, and discontinued operations
     123,912       99,035       77,367       105,758       86,328       85,854       74,719       352,659  
Provision for income taxes
     43,328       31,538       25,576       37,855       30,494       29,634       26,436       124,419  
 
                                                
Earnings before equity in (losses) earnings of unconsolidated entities, minority interest, and discontinued operations
     80,584       67,497       51,791       67,903       55,834       56,220       48,283       228,240  
Equity in earnings (losses) of unconsolidated entities
     —       (157 )     —       1       86       1,330       1,408       2,825  
Minority interest income (expense)
     (2,751 )     (306 )     190       (319 )     41       (11 )     339       50  
 
                                                
Net earnings from continuing operations
   $ 77,833     $ 67,034     $ 51,981     $ 67,585     $ 55,961     $ 57,539     $ 50,030     $ 231,115  
 
                                                
Net earnings per share — diluted from continuing operations *
   $ 0.41     $ 0.34     $ 0.26     $ 0.34     $ 0.28     $ 0.29     $ 0.26     $ 1.18  
 
                                                
Weighted average shares outstanding — diluted
     191,822       194,448       196,537       196,741       196,649       196,977       195,807       196,546  
 
                                                
 
*   Amounts may not sum due to rounding.

3

 

Exhibit C
FIDELITY NATIONAL INFORMATION SERVICES, INC.
2008 RECAST GAAP TO NON-GAAP RECONCILIATION — UNAUDITED
(in thousands, except per share data)
                                                                         
                            M&A     Corp                                
                    GAAP     Restructuring     Costs                             Non-GAAP  
                    Three Months     And     LPS     LPS             Purchase     Three Months  
    As Reported     Certegy     Ended     Integration     Non-Disc     Spin             Price     Ended  
    March 31, 2008     Australia(3)     March 31, 2008     Costs(4)     Ops(5)     Costs(6)     Subtotal     Amortization(10)     March 31, 2008  
    (Unaudited)(1)           (Unaudited)                                   (Unaudited)  
Processing and services revenue
   $ 838,223     $ 7,957     $ 830,266     $ —     $ —     $ —     $ 830,266     $ —     $ 830,266  
Cost of revenues
     648,268       3,682       644,586       —       —       —       644,586       (36,500 )     608,086  
 
                                                      
Gross profit
     189,955       4,275       185,680       —       —       —       185,680       36,500       222,180  
 
                                                      
Selling, general and administrative
     116,192       —       116,192       (14,970 )     (9,025 )     (2,858 )     89,339       —       89,339  
Research and development costs
     18,283       —       18,283       —       —       —       18,283       —       18,283  
 
                                                      
Operating income
     55,480       4,275       51,205       14,970       9,025       2,858       78,058       36,500       114,558  
 
                                                      
Other income (expense):
                                                                        
Interest income
     2,758       —       2,758       —       —       —       2,758       —       2,758  
Interest expense
     (39,577 )     (794 )     (38,783 )     —       —       —       (38,783 )     —       (38,783 )
Other income, net
     (441 )     725       (1,166 )     —       —       —       (1,166 )     —       (1,166 )
 
                                                      
Total other income (expense)
     (37,260 )     (69 )     (37,191 )     —       —       —       (37,191 )     —       (37,191 )
 
                                                      
Earnings before income taxes, equity in (losses) earnings of unconsolidated entities, minority interest, and discontinued operations
     18,220       4,206       14,014       14,970       9,025       2,858       40,867       36,500       77,367  
Provision for income taxes
     4,608       1,262       3,346       5,479       2,787       1,046       12,658       12,918       25,576  
 
                                                      
Earnings before equity in (losses) earnings of unconsolidated entities, minority interest, and discontinued operations
     13,612       2,944       10,668       9,491       6,238       1,812       28,209       23,582       51,791  
Equity in earnings (losses) of unconsolidated entities
     —       —       —       —       —       —       —       —       —  
Minority interest
     190       —       190       —       —       —       190       —       190  
 
                                                      
Net earnings from continuing operations
   $ 13,802     $ 2,944     $ 10,858     $ 9,491     $ 6,238     $ 1,812     $ 28,399     $ 23,582     $ 51,981  
 
                                                      
Net earnings per share — diluted from continuing operations *
   $ 0.07     $ 0.01     $ 0.06     $ 0.05     $ 0.03     $ 0.01     $ 0.14     $ 0.12     $ 0.26  
 
                                                      
Weighted average shares outstanding — diluted
     196,537       196,537       196,537       196,537       196,537       196,537       196,537       196,537       196,537  
 
                                                      
 
                                                                        
 
 
                                                                        
Supplemental Information:
                                                                        
 
                                                                  
Depreciation and amortization from continuing operations
                                                   $ 101,917     $ (36,500 )   $ 65,417  
 
                                                                  
Stock compensation from continuing operations excluding acceleration charges
                                                                   $ 7,800  
Stock compensation acceleration charges
                                                                     14,194  
 
                                                                      
Total stock compensation expense from continuing operations
                                                                   $ 21,994  
 
                                                                      
 
*   Amounts may not sum due to rounding.
See accompanying notes.

4

 

Exhibit C
FIDELITY NATIONAL INFORMATION SERVICES, INC.
2008 RECAST GAAP TO NON-GAAP RECONCILIATION — UNAUDITED
(in thousands, except per share data)
                                                                         
                            M&A     Corp                                
                    GAAP     Restructuring     Costs                             Non-GAAP  
                    Three Months     And     LPS     LPS             Purchase     Three Months  
    As Reported     Certegy     Ended     Integration     Non-Disc     Spin             Price     Ended  
    June 30, 2008     Australia(3)     June 30, 2008     Costs(4)     Ops(5)     Costs(6)     Subtotal     Amortization(10)     June 30, 2008  
    (Unaudited)(1)           (Unaudited)                                   (Unaudited)  
Processing and services revenue
   $ 878,653     $ 8,975     $ 869,678     $ —     $ —     $ —     $ 869,678     $ —     $ 869,678  
Cost of revenues
     674,032       3,841       670,191       (23,950 )     —       —       646,241       (35,459 )     610,782  
 
                                                      
Gross profit
     204,621       5,134       199,487       23,950       —       —       223,437       35,459       258,896  
 
                                                      
Selling, general and administrative
     122,223       —       122,223       (5,121 )     (9,093 )     (5,582 )     102,427       —       102,427  
Research and development costs
     19,357       —       19,357       —       —       —       19,357       —       19,357  
 
                                                      
Operating income
     63,041       5,134       57,907       29,071       9,093       5,582       101,653       35,459       137,112  
 
                                                      
Other income (expense):
                                                                        
Interest income
     1,637       —       1,637       —       —       —       1,637       —       1,637  
Interest expense
     (44,441 )     (813 )     (43,628 )     2,722       —       —       (40,906 )     —       (40,906 )
Other income, net
     2,224       1,032       1,192       —       —       —       1,192       —       1,192  
 
                                                      
Total other income (expense)
     (40,580 )     219       (40,799 )     2,722       —       —       (38,077 )     —       (38,077 )
 
                                                      
Earnings before income taxes, equity in (losses) earnings of unconsolidated entities, minority interest, and discontinued operations
     22,461       5,353       17,108       31,793       9,093       5,582       63,576       35,459       99,035  
Provision for income taxes
     4,802       1,606       3,196       11,255       2,751       1,976       19,178       12,360       31,538  
 
                                                      
Earnings before equity in (losses) earnings of unconsolidated entities, minority interest, and discontinued operations
     17,659       3,747       13,912       20,538       6,342       3,606       44,398       23,099       67,497  
Equity in earnings (losses) of unconsolidated entities
     (157 )     —       (157 )     —       —       —       (157 )     —       (157 )
Minority interest
     (306 )     —       (306 )     —       —       —       (306 )     —       (306 )
 
                                                      
Net earnings from continuing operations
   $ 17,196     $ 3,747     $ 13,449     $ 20,538     $ 6,342     $ 3,606     $ 43,935     $ 23,099     $ 67,034  
 
                                                      
Net earnings per share — diluted from continuing operations*
   $ 0.09     $ 0.02     $ 0.07     $ 0.11     $ 0.03     $ 0.02     $ 0.23     $ 0.12     $ 0.34  
 
                                                      
Weighted average shares outstanding — diluted
     194,448       194,448       194,448       194,448       194,448       194,448       194,448       194,448       194,448  
 
                                                      
 
                                                                        
 
 
                                                                        
Supplemental Information:
                                                                        
 
                                                                        
Depreciation and amortization from continuing operations
                                                   $ 96,387     $ (35,459 )   $ 60,928  
 
                                                                  
Stock compensation from continuing operations excluding acceleration charges
                                                                   $ 8,568  
Stock compensation acceleration charges
                                                                     2,468  
 
                                                                      
Total stock compensation expense from continuing operations
                                                                   $ 11,036  
 
                                                                      
 
*   Amounts may not sum due to rounding.
See accompanying notes.

5

 

Exhibit C
FIDELITY NATIONAL INFORMATION SERVICES, INC.
2008 RECAST GAAP TO NON-GAAP RECONCILIATION — UNAUDITED
(in thousands, except per share data)
                                                                 
                            M&A                                
                    GAAP     Restructuring                             Non-GAAP  
                    Three Months     And     LPS             Purchase     Three Months  
    As Reported     Certegy     Ended     Integration     Spin             Price     Ended  
    September 30, 2008     Australia (3)     September 30, 2008     Costs (4)     Costs (6)     Subtotal     Amortization (10)     September 30, 2008  
    (Unaudited) (2)           (Unaudited)                             (Unaudited)  
Processing and services revenue
   $ 893,844     $ 9,804     $ 884,040     $ —     $ —     $ 884,040     $ —     $ 884,040  
Cost of revenues
     661,995       3,855       658,140       (1,311 )     —       656,829       (35,382 )     621,447  
 
                                                
Gross profit
     231,849       5,949       225,900       1,311       —       227,211       35,382       262,593  
 
                                                
Selling, general and administrative
     79,944       —       79,944       (925 )     (898 )     78,121       —       78,121  
Research and development costs
     26,155       —       26,155       —       —       26,155       —       26,155  
 
                                                
Operating income
     125,750       5,949       119,801       2,236       898       122,935       35,382       158,317  
 
                                                
Other income (expense):
                                                                
Interest income
     978       —       978       —       —       978       —       978  
Interest expense
     (48,397 )     (737 )     (47,660 )     —       12,371       (35,289 )     —       (35,289 )
Other income, net
     (1,884 )     (1,790 )     (94 )     —       —       (94 )     —       (94 )
 
                                                
Total other income (expense)
     (49,303 )     (2,527 )     (46,776 )     —       12,371       (34,405 )     —       (34,405 )
 
                                                
Earnings before income taxes, equity in (losses) earnings of unconsolidated entities, minority interest, and discontinued operations
     76,447       3,422       73,025       2,236       13,269       88,530       35,382       123,912  
Provision for income taxes
     28,071       1,027       27,044       716       4,246       32,006       11,322       43,328  
 
                                                
Earnings before equity in (losses) earnings of unconsolidated entities, minority interest, and discontinued operations
     48,376       2,395       45,981       1,520       9,023       56,524       24,060       80,584  
Equity in earnings (losses) of unconsolidated entities
     —       —       —       —       —       —       —       —  
Minority interest
     (2,751 )     —       (2,751 )     —       —       (2,751 )     —       (2,751 )
 
                                                
Net earnings from continuing operations
   $ 45,625     $ 2,395     $ 43,230     $ 1,520     $ 9,023     $ 53,773     $ 24,060     $ 77,833  
 
                                                
Net earnings per share — diluted from continuing operations *
   $ 0.24     $ 0.01     $ 0.23     $ 0.01     $ 0.05     $ 0.28     $ 0.13     $ 0.41  
 
                                                
Weighted average shares outstanding — diluted
     191,822       191,822       191,822       191,822       191,822       191,822       191,822       191,822  
 
                                                
 
                                                                        
 
 
                                                                        
Supplemental Information:
                                                                
 
                                                                        
Depreciation and amortization from continuing operations
                                           $ 99,893     $ (35,382 )   $ 64,511  
 
                                                          
Stock compensation from continuing operations excluding acceleration charges
                                                           $ 8,427  
Stock compensation acceleration charges
                                                             —  
 
                                                              
Total stock compensation expense from continuing operations
                                                           $ 8,427  
 
                                                              
 
*   Amounts may not sum due to rounding.
See accompanying notes.

6

 

Exhibit C
FIDELITY NATIONAL INFORMATION SERVICES, INC.
2007 RECAST GAAP TO NON-GAAP RECONCILIATION — UNAUDITED
(in thousands, except per share data)
                                                                                 
                            M&A     Corp                                        
                    GAAP     Restructuring     Costs                                     Non-GAAP  
                    Three Months     And     LPS     Allocation     Debt             Purchase     Three Months  
    As Reported     Certegy     Ended     Integration     Non-Disc     Interest     Restructure             Price     Ended  
    March 31, 2007     Australia(3)     March 31, 2007     Costs(4)     Ops(5)     Expense(8)     Charge(9)     Subtotal     Amortization(10)     March 31, 2007  
    (Unaudited)(1)           (Unaudited)                                         (Unaudited)  
Processing and services revenue
   $ 671,252     $ 6,288     $ 664,964     $ —     $ —     $ —     $ —     $ 664,964     $ —     $ 664,964  
Cost of revenues
     521,196       2,050       519,146       (4,961 )     —       —       —       514,185       (29,253 )     484,932  
 
                                                            
Gross profit  
     150,056       4,238       145,818       4,961       —       —       —       150,779       29,253       180,032  
 
                                                            
Selling, general and administrative
     69,557       —       69,557       —       (6,219 )     —       —       63,338       —       63,338  
Research and development costs
     17,518       —       17,518       —       —       —       —       17,518       —       17,518  
 
                                                            
Operating income
     62,981       4,238       58,743       4,961       6,219       —       —       69,923       29,253       99,176  
 
                                                            
Other income (expense):
                                                                                
Interest income
     209       —       209       —       —       —       —       209       —       209  
Interest expense
     (72,073 )     (661 )     (71,412 )     —       —       19,729       27,164       (24,519 )     —       (24,519 )
Gain on sale of Covansys stock
     —       —       —       —       —       —       —       —       —       —  
Other income, net
     92       239       (147 )     —       —       —       —       (147 )     —       (147 )
 
                                                            
Total other income (expense)
     (71,772 )     (422 )     (71,350 )     —       —       19,729       27,164       (24,457 )     —       (24,457 )
 
                                                            
Earnings before income taxes, equity in (losses) earnings of unconsolidated entities, minority interest, and discontinued operations
     (8,791 )     3,816       (12,607 )     4,961       6,219       19,729       27,164       45,466       29,253       74,719  
Provision (benefit) for income taxes
     (4,720 )     1,145       (5,865 )     1,845       2,351       7,632       10,105       16,068       10,368       26,436  
 
                                                            
Earnings before equity in (losses) earnings of unconsolidated entities, minority interest, and discontinued operations
     (4,071 )     2,671       (6,742 )     3,116       3,868       12,097       17,059       29,398       18,885       48,283  
Equity in earnings (losses) of unconsolidated entities
     1,408       —       1,408       —       —       —       —       1,408       —       1,408  
Minority interest income (expense)
     339       —       339       —       —       —       —       339       —       339  
 
                                                            
Net earnings from continuing operations
   $ (2,324 )   $ 2,671     $ (4,995 )   $ 3,116     $ 3,868     $ 12,097     $ 17,059     $ 31,145     $ 18,885     $ 50,030  
 
                                                            
Net earnings per share — diluted from continuing operations *
   $ (0.01 )   $ 0.01     $ (0.03 )   $ 0.02     $ 0.02     $ 0.06     $ 0.09     $ 0.16     $ 0.10     $ 0.26  
 
                                                            
Weighted average shares outstanding — diluted
     195,807       195,807       195,807       195,807       195,807       195,807       195,807       195,807       195,807       195,807  
 
                                                            
 
                                                                        
 
 
                                                                        
Supplemental Information:
                                                                                
 
                                                                        
Depreciation and amortization from continuing operations
                                                           $ 82,289     $ (29,253 )   $ 53,036  
 
                                                                          
Stock compensation from continuing operations excluding acceleration charges
                                                                           $ 4,920  
Stock compensation acceleration charges
                                                                             —  
 
                                                                              
Total stock compensation expense from continuing operations
                                                                           $ 4,920  
 
                                                                              
 
*   Amounts may not sum due to rounding.
See accompanying notes.

7

 

Exhibit C
FIDELITY NATIONAL INFORMATION SERVICES, INC.
2007 RECAST GAAP TO NON-GAAP RECONCILIATION — UNAUDITED
(in thousands, except per share data)
                                                                                 
                            M&A     Corp                                      
                    GAAP     Restructuring     Costs     Gain                             Non-GAAP  
                    Three Months     And     LPS     On Sale     Allocation             Purchase     Three Months  
    As Reported     Certegy     Ended     Integration     Non-Disc     Covansys     Interest             Price     Ended  
    June 30, 2007     Australia(3)     June 30, 2007     Costs(4)     Ops(5)     Stock(7)     Expense(8)     Subtotal     Amortization(10)     June 30, 2007  
    (Unaudited)(1)           (Unaudited)                                         (Unaudited)  
Processing and services revenue
   $ 701,630     $ 6,357     $ 695,273     $ —     $ —     $ —     $ —     $ 695,273     $ —     $ 695,273  
Cost of revenues
     540,269       5,693       534,576       (2,195 )     —       —       —       532,381       (27,041 )     505,340  
 
                                                            
Gross profit 
     161,361       664       160,697       2,195       —       —       —       162,892       27,041       189,933  
 
                                                            
Selling, general and administrative
     74,668       —       74,668       —       (6,697 )     —       —       67,971       —       67,971  
Research and development costs
     14,905       —       14,905       —       —       —       —       14,905       —       14,905  
 
                                                            
Operating income
     71,788       664       71,124       2,195       6,697       —       —       80,016       27,041       107,057  
 
                                                            
Other income (expense):
                                                                                
Interest income
     165       —       165       —       —       —       —       165       —       165  
Interest expense
     (42,934 )     (659 )     (42,275 )     —       —       —       19,949       (22,326 )     —       (22,326 )
Gain on sale of Covansys stock
     92,044       —       92,044       —       —       (92,044 )     —       —       —       —  
Other income, net
     1,336       378       958       —       —       —       —       958       —       958  
 
                                                            
Total other income (expense)
     50,611       (281 )     50,892       —       —       (92,044 )     19,949       (21,203 )     —       (21,203 )
 
                                                            
Earnings before income taxes, equity in (losses) earnings of unconsolidated entities, minority interest, and discontinued operations
     122,399       383       122,016       2,195       6,697       (92,044 )     19,949       58,813       27,041       85,854  
Provision (benefit) for income taxes
     43,284       115       43,169       810       2,532       (34,056 )     7,716       20,171       9,463       29,634  
 
                                                            
Earnings before equity in (losses) earnings of unconsolidated entities, minority interest, and discontinued operations
     79,115       268       78,847       1,385       4,165       (57,988 )     12,233       38,642       17,578       56,220  
Equity in earnings (losses) of unconsolidated entities
     1,330       —       1,330       —       —       —       —       1,330       —       1,330  
Minority interest income (expense)
     (11 )     —       (11 )     —       —       —       —       (11 )     —       (11 )
 
                                                            
Net earnings from continuing operations
   $ 80,434     $ 268     $ 80,166     $ 1,385     $ 4,165     $ (57,988 )   $ 12,233     $ 39,961     $ 17,578     $ 57,539  
 
                                                            
Net earnings per share — diluted from continuing operations *
   $ 0.41     $ 0.00     $ 0.41     $ 0.01     $ 0.02     $ (0.29 )   $ 0.06     $ 0.20     $ 0.09     $ 0.29  
 
                                                            
Weighted average shares outstanding — diluted
     196,977       196,977       196,977       196,977       196,977       196,977       196,977       196,977       196,977       196,977  
 
                                                            
 
                                                                        
 
 
                                                                        
Supplemental Information:
                                                                                
 
                                                                        
Depreciation and amortization from continuing operations
                                                           $ 85,582     $ (27,041 )   $ 58,541  
 
                                                                          
Stock compensation from continuing operations excluding acceleration charges
                                                                           $ 5,106  
Stock compensation acceleration charges
                                                                             —  
 
                                                                              
Total stock compensation expense from continuing operations
                                                                           $ 5,106  
 
                                                                              
 
*   Amounts may not sum due to rounding.
See accompanying notes.

8

 

Exhibit C
FIDELITY NATIONAL INFORMATION SERVICES, INC.
2007 RECAST GAAP TO NON-GAAP RECONCILIATION — UNAUDITED
(in thousands, except per share data)
                                                                                 
                            M&A     Corp                                      
                    GAAP     Restructuring     Costs     Gain                             Non-GAAP  
                    Three Months     And     LPS     On Sale     Allocation             Purchase     Three Months  
    As Reported     Certegy     Ended     Integration     Non-Disc     Covansys     Interest             Price     Ended  
    September 30, 2007     Australia (3)     September 30, 2007     Costs (4)     Ops (5)     Stock (7)     Expense (8)     Subtotal     Amortization (10)     September 30, 2007  
    (Unaudited) (1)           (Unaudited)                                         (Unaudited)  
Processing and services revenue
   $ 712,812     $ 7,397     $ 705,415     $ —     $ —     $ —     $ —     $ 705,415     $ —     $ 705,415  
Cost of revenues
     562,998       (693 )     563,691       (15,133 )     —       —       —       548,558       (29,574 )     518,984  
 
                                                            
Gross profit 
     149,814       8,090       141,724       15,133       —       —       —       156,857       29,574       186,431  
 
                                                            
Selling, general and administrative
     72,387       —       72,387       (4,322 )     (5,697 )     —       —       62,368       —       62,368  
Research and development costs
     17,579       —       17,579       —       —       —       —       17,579       —       17,579  
 
                                                            
Operating income
     59,848       8,090       51,758       19,455       5,697       —       —       76,910       29,574       106,484  
 
                                                            
Other income (expense):
                                                                                
Interest income
     719       —       719       —       —       —       —       719       —       719  
Interest expense
     (37,856 )     (799 )     (37,057 )     —       —       —       16,122       (20,935 )     —       (20,935 )
Gain on sale of Covansys stock
     182,444       —       182,444       —       —       (182,444 )     —       —       —       —  
Other income, net
     3,327       486       2,841       (2,781 )     —       —       —       60       —       60  
 
                                                            
Total other income (expense)
     148,634       (313 )     148,947       (2,781 )     —       (182,444 )     16,122       (20,156 )     —       (20,156 )
 
                                                            
Earnings before income taxes, equity in (losses) earnings of unconsolidated entities, minority interest, and discontinued operations
     208,482       7,777       200,705       16,674       5,697       (182,444 )     16,122       56,754       29,574       86,328  
Provision (benefit) for income taxes
     75,238       2,333       72,905       6,169       2,153       (67,505 )     6,236       19,958       10,536       30,494  
 
                                                            
Earnings before equity in (losses) earnings of unconsolidated entities, minority interest, and discontinued operations
     133,244       5,444       127,800       10,505       3,544       (114,939 )     9,886       36,796       19,038       55,834  
Equity in earnings (losses) of unconsolidated entities
     86       —       86       —       —       —       —       86       —       86  
Minority interest income (expense)
     41       —       41       —       —       —       —       41       —       41  
 
                                                            
Net earnings from continuing operations
   $ 133,371     $ 5,444     $ 127,927     $ 10,505     $ 3,544     $ (114,939 )   $ 9,886     $ 36,923     $ 19,038     $ 55,961  
 
                                                            
Net earnings per share — diluted from continuing operations*
   $ 0.68     $ 0.03     $ 0.65     $ 0.05     $ 0.02     $ (0.58 )   $ 0.05     $ 0.19     $ 0.10     $ 0.28  
 
                                                            
Weighted average shares outstanding — diluted
     196,649       196,649       196,649       196,649       196,649       196,649       196,649       196,649       196,649       196,649  
 
                                                            
 
                                                                        
 
 
                                                                        
Supplemental Information:
                                                                                
 
                                                                        
Depreciation and amortization from continuing operations
                                                           $ 93,912     $ (29,574 )   $ 64,338  
 
                                                                          
Stock compensation from continuing operations excluding acceleration charges
                                                                           $ 5,657  
Stock compensation acceleration charges
                                                                             603  
 
                                                                              
Total stock compensation expense from continuing operations
                                                                           $ 6,260  
 
                                                                              
 
*   Amounts may not sum due to rounding.
See accompanying notes.

9

 

Exhibit C
FIDELITY NATIONAL INFORMATION SERVICES, INC.
2007 RECAST GAAP TO NON-GAAP RECONCILIATION — UNAUDITED
(in thousands, except per share data)
                                                                         
                            M&A     Corp                                
                    GAAP     Restructuring     Costs                             Non-GAAP  
                    Three Months     And     LPS     LPS             Purchase     Three Months  
    As Reported     Certegy     Ended     Integration     Non-Disc     Spin             Price     Ended  
    December 31, 2007     Australia (3)     December 31, 2007     Costs (4)     Ops (5)     Costs (6)     Subtotal     Amortization (10)     December 31, 2007  
    (Unaudited) (1)           (Unaudited)                                   (Unaudited)  
Processing and services revenue
   $ 864,415     $ 9,085     $ 855,330     $ —     $ —     $ —     $ 855,330     $ —     $ 855,330  
Cost of revenues
     652,698       4,247       648,451       —       —       —       648,451       (38,375 )     610,076  
 
                                                      
Gross profit 
     211,717       4,838       206,879       —       —       —       206,879       38,375       245,254  
 
                                                      
Selling, general and administrative
     86,276       —       86,276       (1,653 )     (3,443 )     (500 )     80,680       —       80,680  
Research and development costs
     20,376       —       20,376       —       —       —       20,376       —       20,376  
 
                                                      
Operating income
     105,065       4,838       100,227       1,653       3,443       500       105,823       38,375       144,198  
 
                                                      
Other income (expense):
                                                                        
Interest income
     1,942       —       1,942       —       —       —       1,942       —       1,942  
Interest expense
     (40,370 )     (893 )     (39,477 )     —       —       —       (39,477 )     —       (39,477 )
Gain on sale of Covansys stock
     —       —       —       —       —       —       —       —       —  
Other income, net
     10,979       (181 )     11,160       (12,065 )     —       —       (905 )     —       (905 )
 
                                                      
Total other income (expense)
     (27,449 )     (1,074 )     (26,375 )     (12,065 )     —       —       (38,440 )     —       (38,440 )
 
                                                      
Earnings before income taxes, equity in (losses) earnings of unconsolidated entities, minority interest, and discontinued operations
     77,616       3,764       73,852       (10,412 )     3,443       500       67,383       38,375       105,758  
Provision (benefit) for income taxes
     27,082       1,129       25,953       (3,852 )     1,301       185       23,587       14,268       37,855  
 
                                                      
Earnings before equity in (losses) earnings of unconsolidated entities, minority interest, and discontinued operations
     50,534       2,635       47,899       (6,560 )     2,142       315       43,796       24,107       67,903  
Equity in earnings (losses) of unconsolidated entities
     1       —       1       —       —       —       1       —       1  
Minority interest income (expense)
     (319 )     —       (319 )                             (319 )             (319 )
 
                                                      
Net earnings from continuing operations
   $ 50,216     $ 2,635     $ 47,581     $ (6,560 )   $ 2,142     $ 315     $ 43,478     $ 24,107     $ 67,585  
 
                                                      
Net earnings per share — diluted from continuing operations *
   $ 0.26     $ 0.01     $ 0.24     $ (0.03 )   $ 0.01     $ 0.00     $ 0.22     $ 0.12     $ 0.34  
 
                                                      
Weighted average shares outstanding — diluted
     196,741       196,741       196,741       196,741       196,741       196,741       196,741       196,741       196,741  
 
                                                      
 
                                                                        
 
 
                                                                        
Supplemental Information:
                                                                        
 
                                                                        
Depreciation and amortization from continuing operations
                                                   $ 111,797     $ (38,375 )   $ 73,422  
 
                                                                  
Stock compensation from continuing operations excluding acceleration charges
                                                                   $ 6,957  
Stock compensation acceleration charges
                                                                     1,653  
 
                                                                      
Total stock compensation expense from continuing operations
                                                                   $ 8,610  
 
                                                                      
 
*   Amounts may not sum due to rounding.
See accompanying notes.

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Exhibit C
FIDELITY NATIONAL INFORMATION SERVICES, INC.
2007 RECAST GAAP TO NON-GAAP RECONCILIATION — UNAUDITED
(in thousands, except per share data)
                                                                                                 
                    GAAP     M&A     Corp                                                     Non-GAAP  
                    Twelve Months     Restructuring     Costs             Gain                                     Twelve Months  
    As Reported             Ended     And     LPS     LPS     On Sale     Allocation     Debt             Purchase     Ended  
    December 31,     Certegy     December 31,     Integration     Non-Disc     Spin     Covansys     Interest     Restructure             Price     December 31,  
    2007     Australia (3)     2007     Costs (4)     Ops(5)     Costs(6)     Stock(7)     Expense(8)     Charge(9)     Subtotal     Amortization(10)     2007  
    (Unaudited) (1)           (Unaudited)                                                     (Unaudited)  
Processing and services revenue
   $ 2,950,109     $ 29,127     $ 2,920,982     $ —     $ —     $ —     $ —     $ —     $ —     $ 2,920,982     $ —     $ 2,920,982  
Cost of revenues
     2,277,161       11,297       2,265,864       (22,289 )     —       —       —       —       —       2,243,575       (124,243 )     2,119,332  
 
                                                                        
Gross profit 
     672,948       17,830       655,118       22,289       —       —       —       —       —       677,407       124,243       801,650  
 
                                                                        
Selling, general and administrative
     302,888       —       302,888       (5,975 )     (22,056 )     (500 )     —       —       —       274,357       —       274,357  
Research and development costs
     70,378       —       70,378       —       —       —       —       —       —       70,378       —       70,378  
 
                                                                        
Operating income
     299,682       17,830       281,852       28,264       22,056       500       —       —       —       332,672       124,243       456,915  
 
                                                                        
Other income (expense):
                                                                                                
Interest income
     3,035       —       3,035       —       —       —       —       —       —       3,035       —       3,035  
Interest expense
     (193,233 )     (3,012 )     (190,221 )     —       —       —       —       55,800       27,164       (107,257 )     —       (107,257 )
Gain on sale of Covansys stock
     274,488       —       274,488       —       —       —       (274,488 )     —       —       —       —       —  
Other income, net
     15,734       922       14,812       (14,846 )     —       —       —       —       —       (34 )     —       (34 )
 
                                                                        
Total other income (expense)
     100,024       (2,090 )     102,114       (14,846 )     —       —       (274,488 )     55,800       27,164       (104,256 )     —       (104,256 )
 
                                                                        
Earnings before income taxes, equity in (losses) earnings of unconsolidated entities, minority interest, and discontinued operations
     399,706       15,740       383,966       13,418       22,056       500       (274,488 )     55,800       27,164       228,416       124,243       352,659  
Provision (benefit) for income taxes
     140,884       4,722       136,162       4,972       8,337       185       (101,561 )     21,584       10,105       79,784       44,635       124,419  
 
                                                                        
Earnings before equity in (losses) earnings of unconsolidated entities, minority interest, and discontinued operations
     258,822       11,018       247,804       8,446       13,719       315       (172,927 )     34,216       17,059       148,632       79,608       228,240  
Equity in earnings (losses) of unconsolidated entities
     2,825       —       2,825       —       —       —       —       —       —       2,825       —       2,825  
Minority interest income (expense)
     50       —       50       —       —       —       —       —       —       50       —       50  
 
                                                                        
Net earnings from continuing operations
   $ 261,697     $ 11,018     $ 250,679     $ 8,446     $ 13,719     $ 315     $ (172,927 )   $ 34,216     $ 17,059     $ 151,507     $ 79,608     $ 231,115  
 
                                                                        
Net earnings per share — diluted from continuing operations *
   $ 1.33     $ 0.06     $ 1.28     $ 0.04     $ 0.07     $ 0.00     $ (0.88 )   $ 0.17     $ 0.09     $ 0.77     $ 0.41     $ 1.18  
 
                                                                        
Weighted average shares outstanding — diluted
     196,546       196,546       196,546       196,546       196,546       196,546       196,546       196,546       196,546       196,546       196,546       196,546  
 
                                                                        
 
                                                                                                
 
 
                                                                                                
Supplemental Information:
                                                                                                
 
                                                                                                
Depreciation and amortization from continuing operations
                                                                           $ 373,580     $ (124,243 )   $ 249,337  
 
                                                                                          
Stock compensation from continuing operations excluding acceleration charges
                                                                                           $ 22,640  
Stock compensation acceleration charges
                                                                                             2,256  
 
                                                                                              
Total stock compensation expense from continuing operations
                                                                                           $ 24,896  
 
                                                                                              
 
*   Amounts may not sum due to rounding.
See accompanying notes.

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Notes to Unaudited Recast GAAP to Non-GAAP Reconciliation for the Full Year 2007 and the Quarters Ended March 31, June 30, September 30, and December 31, 2007 and March 31, June 30, and September 30, 2008
(1)   This column represents FIS’s results of operations as furnished on Form 8-K on September 5, 2008.
 
(2)   This column represents FIS’s results of operations as furnished on Form 10-Q on November 10, 2008.
 
(3)    This column represents the operations of Certegy Australia that will be presented as discontinued operations beginning with FIS’s reported results for the fourth quarter of 2008.
 
(4)   This column represents charges for restructuring and integration costs relating to merger and acquisition activities as previously disclosed.
 
(5)   This column represents corporate costs attributable to LPS as previously reported in our investor package furnished on Form 8-K on May 28, 2008. These amounts are not allocable to discontinued operations under U.S. Generally Accepted Accounting Principles.
 
(6)   This column represents incremental transaction costs incurred by the Company directly related to the LPS spin-off.
 
(7)   This column represents a gain on sale of investment in Convansys to a third party recorded in the second and third quarters of 2007.
 
(8)   This column represents the allocation of interest expense for the periods presented, as if the debt retired in conjunction with the LPS spin-off had occurred on January 1, 2007, as previously reported in our investor package furnished on Form 8-K on May 28, 2008.
 
(9)   This column represents debt restructuring charges recorded in the first quarter of 2007, to write-off capitalized unamortized debt issuance costs.
 
(10)   This column represents purchase price amortization expense related to intangible assets acquired through various Company acquisitions.

12