FIS Reports First Quarter 2014 Rise in Revenue and Earnings

  FIS Reports First Quarter 2014 Rise in Revenue and Earnings

  *Revenue of $1.5 billion, up 4 percent on organic basis
  *Adjusted EPS from continuing operations of $0.68, up 10 percent
  *Free cash flow of $158 million
  *$245 million in share repurchases and cash dividends returned to
    shareholders

Business Wire

JACKSONVILLE, Fla. -- May 1, 2014

FIS™ (NYSE:FIS), the world’s largest provider of banking and payments
technology, today announced first quarter GAAP revenue of $1.52 billion
compared to $1.48 billion a year earlier. GAAP net earnings from continuing
operations attributable to common stockholders increased to $155 million, or
$0.53 per diluted share, compared to $148 million, or $0.50 per diluted share
in the prior year quarter.

Non-GAAP adjusted net earnings from continuing operations attributable to
common stockholders increased to $197 million from $182 million in the first
quarter 2013 and adjusted net earnings per diluted share increased 10 percent
to $0.68 from $0.62 in the first quarter 2013. First quarter 2014 non-GAAP
adjusted net earnings from continuing operations excludes acquisition-related
purchase amortization of $0.13 per share and includes $0.02 per share related
to contract settlement revenue. Definitions of non-GAAP financial measures and
reconciliations of non-GAAP measures to related GAAP measures are provided in
subsequent sections of the press release narrative and supplemental schedules.

“We are pleased with our first quarter results and the execution of our growth
strategy,” said Frank Martire, chairman and chief executive officer of FIS.
“Our consistently strong performance reflects demand for FIS solutions which
enable financial institutions to succeed while meeting increased efficiency,
risk management and compliance requirements. We are confident in our 2014
outlook and long-term growth prospects.”

Segment Information

The following is a discussion of first quarter results by segment:

  *Financial Solutions:

Financial Solutions revenue was $587 million, an increase of 2 percent on an
organic basis, compared to $575 million in the first quarter 2013, reflecting
continued growth in eBanking solutions, consulting and services. Financial
Solutions adjusted EBITDA was $227 million, flat with the first quarter of
2013, while adjusted EBITDA margin was 38.7 percent compared to 39.6 percent a
year earlier, reflecting a change in revenue mix and lower termination fees.

  *Payment Solutions:

Payment Solutions GAAP revenue was $620 million and adjusted revenue was $629
million, an increase of 3 percent on an organic basis, compared to $612
million in the first quarter 2013 reflecting growth in image and output
solutions and card solutions. Payment Solutions adjusted EBITDA rose 2 percent
to $264 million compared to $258 million in the first quarter of 2013.
Adjusted EBITDA margin was 42.1 percent compared to 42.2 percent a year
earlier.

  *International Solutions:

International Solutions revenue increased 8 percent to $314 million compared
to $292 million in the first quarter 2013 and increased 10 percent on an
organic basis excluding an unfavorable currency impact of $14 million. The
increase in revenue reflects growth across all major regions. International
Solutions adjusted EBITDA was $59 million, flat compared to first quarter of
2013. Adjusted EBITDA margin was 18.8 percent compared to 20.3 percent a year
earlier, reflecting higher expenses related to the global financial
institutions market and lower license revenue.

  *Corporate/Other:

Corporate costs totaled $105 million in the first quarter 2014 compared to
$117 million in the prior-year quarter, primarily reflecting lower
administrative expenses. Interest expense, net of interest income, declined to
$41 million in the first quarter of 2014 compared to $52 million in the first
quarter 2013, reflecting lower debt costs resulting from attainment of
investment grade ratings and debt refinancing in the first half of 2013. The
effective tax rate was 33.3% in the first quarter of 2014 compared to 32.9% in
the first quarter of 2013.

Balance Sheet and Cash Flow

Cash and cash equivalents totaled $738 million as of March 31, 2014 compared
to $548 million as of year-end 2013. Debt outstanding totaled $4.8 billion
compared to $4.5 billion at December 31, 2013.

Net cash provided by operations increased to $223 million in the first quarter
of 2014. Capital expenditures totaled $90 million compared to $74 million in
the first quarter 2013. Free cash flow, which excludes settlement activity
related to the payments businesses and the previously announced Capco
acquisition related payments, increased to $158 million for first quarter of
2014, compared to $148 million in the 2013 quarter.

FIS repurchased approximately 3.2 million common shares at a total cost of
approximately $175 million and paid shareholder dividends of $70 million in
the first quarter 2014, compared to $100 million and $65 million respectively,
in the prior year quarter.

2014 Outlook

FIS reiterated its full year 2014 outlook as follows:

  *Organic revenue growth of 4.5 to 6.5 percent
  *EBITDA, as adjusted, growth of 4.5 to 6.5 percent
  *EPS from continuing operations of $3.05 to $3.16, as adjusted, an increase
    of 8 to 12 percent compared to $2.83 per share in 2013
  *Free cash flow is expected to approximate adjusted net earnings

Webcast

FIS will host a webcast on May 1, 2014, to discuss first quarter 2014 results
beginning at 8:30 a.m. ET. To listen to the live event and to access a
supplemental slide presentation, go to the Investor Relations section at
www.fisglobal.com and click on “News and Events.” A webcast replay will be
available on FIS’ Investor Relations Web site, and a telephone replay will be
available through May 15, 2014 by dialing 800.475.6701 (U.S.) or 320.365.3844
(International). The access code is 324136. To access a .PDF version of this
release and accompanying financial tables, go to www.investor.fisglobal.com.

Use of Non-GAAP Financial Information

Generally Accepted Accounting Principles (GAAP) is the term used to refer to
the standard framework of guidelines for financial accounting. GAAP includes
the standards, conventions, and rules accountants follow in recording and
summarizing transactions and in the preparation of financial statements. In
addition to reporting financial results in accordance with GAAP, the Company
has provided non-GAAP financial measures, which it believes are useful to help
investors better understand its financial performance, competitive position
and prospects for the future. For these reasons, management also uses these
measures in part to assess its performance.

These non-GAAP measures include organic revenue, adjusted revenue, EBITDA,
adjusted EBITDA and adjusted EBITDA margin, adjusted cash flow from
operations, adjusted net earnings (including per share amounts) and free cash
flow.

Organic revenue includes adjusted revenue plus pre-acquisition revenue for
companies acquired during the applicable reporting periods. Organic revenue
excludes the impact of foreign currency fluctuation.

Adjusted revenue (2014) includes reported revenue and is increased by $9
million for a negotiated contract cash settlement for the extinguishment of
certain contractual minimums with a reseller. Although the 2014 cash
settlement has no contractual performance obligation, under GAAP the cash
settlement revenue is amortized in this circumstance over the remaining
relationship with the reseller. Adjusted EBITDA (2014) is also adjusted for
this settlement.

EBITDA is earnings from continuing operations before interest, taxes,
depreciation and amortization.

Adjusted net earnings excludes the after-tax impact of acquisition-related
amortization and, for 2014, includes the after-tax impact of adjusted revenue.

Adjusted cash flow from operations is GAAP cash flow from operations as
adjusted for the net change in settlement assets and obligations and certain
payments for contingent purchase price and incentive compensation programs
associated with the 2010 acquisition of Capco.

Adjusted net earnings per diluted share, or adjusted EPS, is equal to adjusted
net earnings divided by weighted average diluted shares outstanding.

Free cash flow is adjusted operating cash flow less capital expenditures. Free
cash flow does not represent our residual cash flow available for
discretionary expenditures, since we have mandatory debt service requirements
and other non-discretionary expenditures that are not deducted from the
measure.

Any non-GAAP measures should be considered in context with the GAAP financial
presentation and should not be considered in isolation or as a substitute for
GAAP net earnings. Further, FIS’ non-GAAP measures may be calculated
differently from similarly titled measures of other companies. Reconciliations
of these non-GAAP measures to related GAAP measures are provided in the
attached schedules and in the Investor Relations section of the FIS Web site,
www.fisglobal.com.

About FIS

FIS is the world’s largest global provider dedicated to banking and payments
technologies. With a long history deeply rooted in the financial services
sector, FIS serves more than 14,000 institutions in over 110 countries.
Headquartered in Jacksonville, Fla., FIS employs more than 39,000 people
worldwide and holds leadership positions in payment processing and banking
solutions, providing software, services and outsourcing of the technology that
drives financial institutions. First in financial technology, FIS tops the
annual FinTech 100 list, is 434 on the Fortune 500 and is a member of Standard
& Poor’s 500® Index. For more information about FIS, visit www.fisglobal.com.

Forward-Looking Statements

This news release and today’s webcast contain “forward-looking statements”
within the meaning of the U.S. federal securities laws. Statements that are
not historical facts, including statements about future revenue, organic
revenue, earnings before interest, taxes, depreciation and amortization
(“EBITDA”), earnings per share and margin expansion, as well as other
statements about our expectations, hopes, intentions, or strategies regarding
the future, are forward-looking statements. These statements relate to future
events and our future results, and involve a number of risks and
uncertainties. Forward-looking statements are based on management’s beliefs,
as well as assumptions made by, and information currently available to,
management. Any statements that refer to beliefs, expectations, projections or
other characterizations of future events or circumstances and other statements
that are not historical facts are forward-looking statements.

Actual results, performance or achievement could differ materially from those
contained in these forward-looking statements. The risks and uncertainties
that forward-looking statements are subject to include without limitation:

  *changes in general economic, business and political conditions, including
    the possibility of intensified international hostilities, acts of
    terrorism, and changes in either or both the United States and
    international lending, capital and financial markets;
  *the effect of legislative initiatives or proposals, statutory changes,
    governmental or other applicable regulations and/or changes in industry
    requirements, including privacy regulations;
  *the risks of reduction in revenue from the elimination of existing and
    potential customers due to consolidation in, or new laws or regulations
    affecting the banking, retail and financial services industries or due to
    financial failures or other setbacks suffered by firms in those
    industries;
  *changes in the growth rates of the markets for our solutions;
  *failures to adapt our solutions to changes in technology or in the
    marketplace;
  *internal or external security breaches of our systems, including those
    relating to the theft of personal information and computer viruses
    affecting our software or platforms, and the reactions of customers, card
    associations, government regulators and others to any such events;
  *the reaction of our current and potential customers to communications from
    us or our regulators regarding information security, risk management,
    internal audit or other matters;
  *competitive pressures on pricing related to our solutions including the
    ability to attract new, or retain existing, customers;
  *an operational or natural disaster at one of our major operations centers;
  *and other risks detailed in “Risk Factors” and other sections of the
    Company’s Annual Report on Form 10-K for the fiscal year ended December
    31, 2013 and other filings with the SEC.

Other unknown or unpredictable factors also could have a material adverse
effect on our business, financial condition, results of operations and
prospects. Accordingly, readers should not place undue reliance on these
forward-looking statements. These forward-looking statements are inherently
subject to uncertainties, risks and changes in circumstances that are
difficult to predict. Except as required by applicable law or regulation, we
do not undertake (and expressly disclaim) any obligation and do not intend to
publicly update or review any of these forward-looking statements, whether as
a result of new information, future events or otherwise.

                 Fidelity National Information Services, Inc.

             Earnings Release Supplemental Financial Information

                                 May 1, 2014

Exhibit A Consolidated Statements of Earnings - Unaudited for the three months
ended March31, 2014 and 2013

Exhibit B Consolidated Balance Sheets - Unaudited as of March31, 2014 and
December31, 2013

Exhibit C Consolidated Statements of Cash Flows - Unaudited for the three
months ended March31, 2014 and 2013

Exhibit D Supplemental Non-GAAP Financial Information - Unaudited for the
three months ended March31, 2014 and 2013

Exhibit E Supplemental GAAP to Non-GAAP Reconciliation - Unaudited for the
three months ended March31, 2014 and 2013

FIDELITY NATIONAL INFORMATION SERVICES, INC.
CONSOLIDATED STATEMENTS OF EARNINGS — UNAUDITED
(In millions, except per share data)

                                                 Exhibit A

                                                  Three months ended March 31,
                                                  2014           2013      
Processing and services revenues                  $  1,520.3       $ 1,478.0
Cost of revenues                                  1,050.0         1,008.0   
Gross profit                                      470.3            470.0
Selling, general and administrative expenses      186.6           194.9     
Operating income                                  283.7           275.1     
Other income (expense):
Interest expense, net                             (41.1       )    (51.7     )
Other income (expense), net                       (0.5        )    5.1       
Total other income (expense), net                 (41.6       )    (46.6     )
Earnings from continuing operations before        242.1            228.5
income taxes
Provision for income taxes                        80.6            75.2      
Earnings from continuing operations, net of tax   161.5            153.3
Loss from discontinued operations, net of tax     (0.4        )    (3.9      )
Net earnings                                      161.1            149.4
Net earnings attributable to noncontrolling       (6.6        )    (5.3      )
interest
Net earnings attributable to FIS common           $  154.5        $ 144.1   
stockholders
Net earnings per share-basic from continuing
operations attributable to FIS common             $  0.54          $ 0.51
stockholders
Net loss per share-basic from discontinued
operations attributable to FIS common             —               (0.01     )
stockholders
Net earnings per share-basic attributable to      $  0.54         $ 0.50    
FIS common stockholders *
Weighted average shares outstanding-basic         288.0           291.0     
Net earnings per share-diluted from continuing
operations attributable to FIS common             $  0.53          $ 0.50
stockholders
Net loss per share-diluted from discontinued
operations attributable to FIS common             —               (0.01     )
stockholders
Net earnings per share-diluted attributable to    $  0.53         $ 0.49    
FIS common stockholders *
Weighted average shares outstanding-diluted       291.9           295.5     
Amounts attributable to FIS common
stockholders:
Earnings from continuing operations, net of tax   $  154.9         $ 148.0
Loss from discontinued operations, net of tax     (0.4        )    (3.9      )
Net earnings attributable to FIS common           $  154.5        $ 144.1   
stockholders

* Amounts may not sum due to rounding.

FIDELITY NATIONAL INFORMATION SERVICES, INC.
CONSOLIDATED BALANCE SHEETS — UNAUDITED
(In millions, except per share data)

                                                         Exhibit B

                                            As of          As of
                                            March 31,      December 31,
                                            2014           2013
Assets
Current assets:
Cash and cash equivalents                   $ 737.7        $ 547.5
Settlement deposits                         444.7          327.4
Trade receivables, net                      987.9          987.9
Settlement receivables                      257.2          178.2
Other receivables                           19.4           62.1
Due from Brazilian venture partner          34.9           35.8
Prepaid expenses and other current assets   153.7          154.1
Deferred income taxes                       52.8          58.9       
Total current assets                        2,688.3        2,351.9
Property and equipment, net                 449.2          439.0
Goodwill                                    8,500.0        8,500.0
Intangible assets, net                      1,288.0        1,339.3
Computer software, net                      861.1          856.5
Deferred contract costs, net                206.9          206.8
Other noncurrent assets                     277.4         266.6      
Total assets                                $ 14,270.9    $ 13,960.1 
                                                           
Liabilities and Equity
Current liabilities:
Accounts payable and accrued liabilities    $ 653.2        $ 768.0
Due to Brazilian venture partner            14.4           13.7
Settlement payables                         717.0          518.6
Current portion of long-term debt           49.7           128.8
Deferred revenues                           270.1         243.6      
Total current liabilities                   1,704.4        1,672.7
Deferred revenues                           26.7           27.2
Deferred income taxes                       810.7          823.6
Long-term debt, excluding current portion   4,728.9        4,339.8
Due to Brazilian venture partner            36.2           34.5
Other long-term liabilities                 261.6         325.0      
Total liabilities                           7,568.5       7,222.8    
Equity:
FIS stockholders’ equity:
Preferred stock $0.01 par value             —              —
Common stock $0.01 par value                3.9            3.9
Additional paid in capital                  7,271.5        7,247.6
Retained earnings                           2,427.6        2,341.9
Accumulated other comprehensive earnings    3.2            (9.9       )
Treasury stock $0.01 par value              (3,172.1   )   (3,003.0   )
Total FIS stockholders’ equity              6,534.1        6,580.5
Noncontrolling interest                     168.3         156.8      
Total equity                                6,702.4       6,737.3    
Total liabilities and equity                $ 14,270.9    $ 13,960.1 


FIDELITY NATIONAL INFORMATION SERVICES, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS — UNAUDITED
(In millions)

                                                                 Exhibit C

                                                  Three months ended March 31,
                                                  2014             2013
Cash flows from operating activities:
Net earnings                                      $   161.1        $   149.4
Adjustment to reconcile net earnings to net
cash provided by operating activities:
Depreciation and amortization                     152.6            153.2
Amortization of debt issue costs                  2.6              2.8
Gain on mFoundry                                  —                (9.2      )
Stock-based compensation                          13.3             13.2
Deferred income taxes                             (6.7       )     (15.4     )
Excess income tax benefit from exercise of        (8.5       )     (4.0      )
stock options
Other operating activities, net                   (0.6       )     —
Net changes in assets and liabilities, net of
effects from acquisitions and foreign currency:
Trade receivables                                 15.3             (12.0     )
Settlement activity                               2.5              (13.9     )
Prepaid expenses and other assets                 (13.0      )     (35.1     )
Deferred contract costs                           (16.6      )     (19.7     )
Deferred revenue                                  25.9             (8.3      )
Accounts payable, accrued liabilities and other   (105.3     )     6.5       
liabilities
Net cash provided by operating activities         222.6           207.5     
                                                                   
Cash flows from investing activities:
Additions to property and equipment               (37.9      )     (31.0     )
Additions to computer software                    (52.0      )     (42.7     )
Acquisitions, net of cash acquired and equity     —                (115.0    )
investments
Other investing activities, net                   8.5             (7.0      )
Net cash used in investing activities             (81.4      )     (195.7    )
                                                                   
Cash flows from financing activities:
Borrowings                                        1,839.0          2,206.3
Repayment of borrowings and capital lease         (1,529.6   )     (1,990.1  )
obligations
Excess income tax benefit from exercise of        8.5              4.0
stock options
Proceeds from exercise of stock options           12.8             18.8
Treasury stock activity                           (203.1     )     (105.3    )
Dividends paid                                    (69.5      )     (64.8     )
Other financing activities, net                   (15.7      )     (0.7      )
Net cash provided by financing activities         42.4            68.2      
                                                                             
Effect of foreign currency exchange rate          6.6             (7.0      )
changes on cash
                                                                             
Net increase in cash and cash equivalents         190.2            73.0
Cash and cash equivalents, at beginning of        547.5           517.6     
period
Cash and cash equivalents, at end of period       $   737.7       $   590.6 


FIDELITY NATIONAL INFORMATION SERVICES, INC.
SUPPLEMENTAL NON-GAAP FINANCIAL INFORMATION — UNAUDITED
(In millions)
                                                              
                                                                    Exhibit D
                                                                               
               Three months ended March 31, 2014
               Financial   Payment     International   Corporate
                                                                    Consolidated
               Solutions   Solutions   Solutions       and Other
Processing
and services   $ 586.8     $ 619.5     $   314.4       $ (0.4   )   $  1,520.3
revenue
Non-GAAP
adjustments:
Contract       —          9.0        —              —           9.0        
settlement
Adjusted
processing     $ 586.8    $ 628.5    $   314.4      $ (0.4   )   $  1,529.3 
and services
revenue
Operating
income         $ 187.0     $ 235.5     $   39.4        $ (178.2 )   $  283.7
(loss)
Non-GAAP
adjustments:
Contract       —           9.0         —               —            9.0
settlement
Purchase
price          —          —          0.1            54.8        54.9       
amortization
Non-GAAP
operating      187.0       244.5       39.5            (123.4   )   347.6
income
(loss)
                                                                    
Depreciation
and
amortization   39.9       19.9       19.5           18.4        97.7       
from
continuing
operations
Adjusted       $ 226.9    $ 264.4    $   59.0       $ (105.0 )   $  445.3   
EBITDA
                                                                    
Non-GAAP
operating      31.9    %   38.9    %   12.6       %    N/M          22.7       %
margin
                                                                    
Adjusted
EBITDA         38.7    %   42.1    %   18.8       %    N/M          29.1       %
margin
                                                                               
                                                                               
               Three months ended March 31, 2013
               Financial   Payment     International   Corporate
                                                                    Consolidated
               Solutions   Solutions   Solutions       and Other
Processing
and services   $ 575.3    $ 611.8    $   291.6      $ (0.7   )   $  1,478.0 
revenue
Operating
income         $ 188.4     $ 238.5     $   40.3        $ (192.1 )   $  275.1
(loss)
Non-GAAP
adjustments:
Purchase
price          —          —          0.1            60.2        60.3       
amortization
Non-GAAP
operating      188.4       238.5       40.4            (131.9   )   335.4
income
(loss)
Depreciation
and
amortization   39.2       19.8       18.7           15.2        92.9       
from
continuing
operations
Adjusted       $ 227.6    $ 258.3    $   59.1       $ (116.7 )   $  428.3   
EBITDA
                                                                    
Non-GAAP
operating      32.7    %   39.0    %   13.9       %    N/M          22.7       %
margin
                                                                    
Adjusted
EBITDA         39.6    %   42.2    %   20.3       %    N/M          29.0       %
margin
                                                                               
Total
revenue
growth from
prior year
period
Three months
ended March    2.0     %   2.7     %   7.8        %    N/M          3.5        %
31, 2014

FIDELITY NATIONAL INFORMATION SERVICES, INC.
SUPPLEMENTAL NON-GAAP ORGANIC REVENUE MEASURES — UNAUDITED
(In millions)
                                                               Exhibit D (continued)
                                                                                             
              Three months ended March 31,
              2014                                   2013
                                       Constant                                   Adjusted      Organic
                                       Currency                    In Year        Base          Revenue
              Revenue (1)   FX         Revenue       Revenue       Acquisitions   Revenue       Growth
Financial     $ 586.8       $ 1.2      $ 588.0       $ 575.3       $   3.8        $ 579.1       1.5   %
Solutions
Payment       628.5         0.5        629.0         611.8         —              611.8         2.8   %
Solutions
International 314.4         14.0       328.4         291.6         5.8            297.4         10.4  %
Solutions
Corporate and (0.4      )   —         (0.4      )   (0.7      )   —             (0.7      )   N/M
Other
Total
processing
and services  $ 1,529.3    $ 15.7    $ 1,545.0    $ 1,478.0    $   9.6       $ 1,487.6    3.9   %

revenue

(1) As adjusted. See note (1) for exhibit E.

FIDELITY NATIONAL INFORMATION SERVICES, INC.
SUPPLEMENTAL NON-GAAP CASH FLOW MEASURES — UNAUDITED
(In millions)
                                          
                                            Exhibit D (continued)
                                                         
                                            Three months ended March 31,
                                            2014           2013      
Net cash provided by operating activities   $  222.6        $  207.5
Non-GAAP adjustments:
Capco acquisition related payments (1)      28.0            —
Settlement activity                         (2.5      )     13.9      
Adjusted cash flows from operations         248.1           221.4
Capital expenditures                        (89.9     )     (73.7     )
Free cash flow                              $  158.2       $  147.7  

(1) Free cash flow for the three months ended March 31, 2014 excludes payments
for contingent purchase price and the New Hires and Promotions Incentive Plan
associated with the 2010 acquisition of Capco. In accordance with the
accounting guidance, contingent purchase price payments are included in other
financing activities on the Statement of Cash Flows only to the extent they
represent the original liability established at the acquisition date. Payments
related to subsequent adjustments to the contingent purchase price are
included in the net cash provided by operating activities.

FIDELITY NATIONAL INFORMATION SERVICES, INC.
SUPPLEMENTAL GAAP TO NON-GAAP RECONCILIATION — UNAUDITED
(In millions)
                                                         
                                                           Exhibit E
                                                                    
                                                           Three months ended
                                                           March 31,
                                                           2014       2013
                                                                       
Net earnings from continuing operations attributable to    $ 154.9     $ 148.0
FIS
Plus provision for income taxes                            80.6        75.2
Interest expense, net                                      41.1        51.7
Other, net                                                 7.1        0.2
                                                                       
Operating income                                           283.7       275.1
Non-GAAP adjustments:
Contract settlement                                        9.0         —
Purchase price amortization                                54.9       60.3
                                                                       
Non-GAAP operating income                                  347.6       335.4
                                                                       
Depreciation and amortization from continuing operations   97.7       92.9
Adjusted EBITDA                                            $ 445.3    $ 428.3

FIDELITY NATIONAL INFORMATION SERVICES, INC.
SUPPLEMENTAL GAAP TO NON-GAAP RECONCILIATION — UNAUDITED
(In millions)

                                                      Exhibit E (continued)
                                                                   
                 Three months ended March 31, 2014
                                                          Purchase
                               Contract                   Price
                 GAAP          Settlement   Subtotal      Amort.     Non-GAAP
                               (1)                        (3)
Processing and
services         $ 1,520.3     $  9.0       $ 1,529.3     $ —        $ 1,529.3
revenue
Cost of          1,050.0      —           1,050.0      (54.9  )   995.1     
revenues
Gross profit     470.3         9.0          479.3         54.9       534.2
Selling,
general and      186.6        —           186.6        —         186.6     
administrative
Operating        283.7        9.0         292.7        54.9      347.6     
income
Other income
(expense):
Interest
income           (41.1     )   —            (41.1     )   —          (41.1     )
(expense), net
Other income     (0.5      )   —           (0.5      )   —         (0.5      )
(expense), net
Total other
income           (41.6     )   —           (41.6     )   —         (41.6     )
(expense)
Earnings
(loss) from
continuing       242.1         9.0          251.1         54.9       306.0
operations
before income
taxes
Provision for    80.6         3.0         83.6         18.4      102.0     
income taxes
Earnings
(loss) from
continuing       161.5         6.0          167.5         36.5       204.0
operations,
net of tax
Earnings
(loss) from
discontinued     (0.4      )   —           (0.4      )   —         (0.4      )
operations,
net of tax (4)
Net earnings     161.1         6.0          167.1         36.5       203.6
(loss)
Net (earnings)
loss
attributable     (6.6      )   —           (6.6      )   —         (6.6      )
to
noncontrolling
interest
Net earnings
(loss)
attributable     $ 154.5      $  6.0      $ 160.5      $ 36.5    $ 197.0   
to FIS common
stockholders
                                                                               
Amounts
attributable
to FIS common
stockholders
Earnings
(loss) from
continuing       $ 154.9       $  6.0       $ 160.9       $ 36.5     $ 197.4
operations,
net of tax
Earnings
(loss) from
discontinued     (0.4      )   —           (0.4      )   —         (0.4      )
operations,
net of tax (4)
Net earnings
(loss)
attributable     $ 154.5      $  6.0      $ 160.5      $ 36.5    $ 197.0   
to FIS common
stockholders
                                                                     
Net earnings
(loss) per
share —
diluted from
continuing       $ 0.53       $  0.02     $ 0.55       $ 0.13    $ 0.68    
operations
attributable
to FIS common
stockholders*
Weighted
average shares   291.9        291.9       291.9        291.9     291.9     
outstanding —
diluted
                                                                               
Effective tax    33        %                                         33        %
rate
                                                                               
Supplemental
information:
Depreciation
and                                         $ 152.6      (54.9  )   $ 97.7    
amortization
Stock
compensation
expense,                                                             $ 13.3
excluding
acceleration
charges
Stock
acceleration                                                         —         
charges
Total stock
compensation                                                         $ 13.3    
expense
                                                                               
* Amounts may not sum due to rounding.

See accompanying notes.

FIDELITY NATIONAL INFORMATION SERVICES, INC.
SUPPLEMENTAL GAAP TO NON-GAAP RECONCILIATION — UNAUDITED
(In millions)

                                                     Exhibit E (continued)
                                                                  
                 Three months ended March 31, 2013
                                                                              
                               Stock and                 Purchase
                               Other
                               Gain on                   Price
                 GAAP          mFoundry    Subtotal      Amort.     Non-GAAP
                               (2)                       (3)
Processing and
services         $ 1,478.0     $ —         $ 1,478.0     $ —        $ 1,478.0
revenue
Cost of          1,008.0      —          1,008.0      (60.3  )   947.7     
revenues
Gross profit     470.0         —           470.0         60.3       530.3
Selling,
general and      194.9        —          194.9        —         194.9     
administrative
Operating        275.1        —          275.1        60.3      335.4     
income
Other income
(expense):
Interest
income           (51.7     )   —           (51.7     )   —          (51.7     )
(expense), net
Other income     5.1          (9.2    )   (4.1      )   —         (4.1      )
(expense), net
Total other
income           (46.6     )   (9.2    )   (55.8     )   —         (55.8     )
(expense)
Earnings
(loss) from
continuing       228.5         (9.2    )   219.3         60.3       279.6
operations
before income
taxes
Provision for    75.2         (3.0    )   72.2         19.8      92.0      
income taxes
Earnings
(loss) from
continuing       153.3         (6.2    )   147.1         40.5       187.6
operations,
net of tax
Earnings
(loss) from
discontinued     (3.9      )   —          (3.9      )   —         (3.9      )
operations,
net of tax (4)
Net earnings     149.4         (6.2    )   143.2         40.5       183.7
(loss)
Net (earnings)
loss
attributable     (5.3      )   —          (5.3      )   —         (5.3      )
to
noncontrolling
interest
Net earnings
(loss)
attributable     $ 144.1      $ (6.2  )   $ 137.9      $ 40.5    $ 178.4   
to FIS common
stockholders
                                                                              
Amounts
attributable
to FIS common
stockholders
Earnings
(loss) from
continuing       $ 148.0       $ (6.2  )   $ 141.8       $ 40.5     $ 182.3
operations,
net of tax
Earnings
(loss) from
discontinued     (3.9      )   —          (3.9      )   —         (3.9      )
operations,
net of tax (4)
Net earnings
(loss)
attributable     $ 144.1      $ (6.2  )   $ 137.9      $ 40.5    $ 178.4   
to FIS common
stockholders
                                                                    
Net earnings
(loss) per
share —
diluted from
continuing       $ 0.50       $ (0.02 )   $ 0.48       $ 0.14    $ 0.62    
operations
attributable
to FIS common
stockholders*
Weighted
average shares   295.5        295.5      295.5        295.5     295.5     
outstanding —
diluted
                                                                              
Effective tax    33        %                                        33        %
rate
                                                                              
Supplemental
information:
Depreciation
and                                        $ 153.2      (60.3  )   $ 92.9    
amortization
Stock
compensation
expense,                                                            $ 13.2
excluding
acceleration
charges
Stock
acceleration                                                        —         
charges
Total stock
compensation                                                        $ 13.2    
expense

* Amounts may not sum due to rounding.

See accompanying notes.

                 FIDELITY NATIONAL INFORMATION SERVICES, INC.

           SUPPLEMENTAL GAAP TO NON-GAAP RECONCILIATION — UNAUDITED

                                (In millions)

Notes to Unaudited - Supplemental GAAP to Non-GAAP Reconciliation for the
three months ended March31, 2014 and 2013.

The adjustments are as follows:

(1) The revenue adjustment in this column represents a cash settlement for the
extinguishment of certain contractual minimums with a reseller. Although the
2014 cash settlement has no contract performance obligation, revenue is
amortized in this circumstance over the remaining relationship with the
reseller.

(2) Gain resulting from the purchase of the remaining shares of mFoundry,
Inc., representing the difference between the fair value and carrying value of
the minority interest investment previously held.

(3) This column represents purchase price amortization expense on intangible
assets acquired through various Company acquisitions.

(4) During the third quarter of 2010, we determined that Fidelity National
Participacoes Ltda. ("Participacoes"), our item processing and remittance
services business in Brazil, should be treated as a discontinued operation.
Participacoes had losses of $(0.4) million and $(3.9) million during the three
months ended March 31, 2014 and 2013, respectively, related to ongoing labor
claim settlements that were not transferred with other assets and liabilities
in the disposal.

Contact:

Ellyn Raftery, 904.438.6083
Chief Marketing Officer
FIS Global Marketing and Communications
ellyn.raftery@fisglobal.com
or
Nancy Murphy, 904.438.6192
Senior Vice President
FIS Investor Relations
nancy.murphy@fisglobal.com
 
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