secwatch.observer — SEC 8-K summary
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Issuer:     Fidelity National Information Services, Inc. (FIS)
CIK:        0001136893
Form:       8-K
Filed at:   2023-09-05T23:59:59+00:00
Accession:  0001193125-23-228014
Event type: m_and_a
Sentiment:  negative
Materiality: 0.85
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FIS discloses Worldpay Business financials; 2022 revenue $5.0B, net loss $17.8B from $17.6B goodwill impairment
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- Revenue $5,009M in 2022, $4,816M in 2021; cost of revenue $3,082M and $3,188M respectively.
- Net loss attributable to Worldpay Business $17,798M in 2022, primarily due to $17.6B goodwill impairment for Merchant Solutions.
- Goodwill balance fell from $39.8B (2021) to $20.9B (2022); total assets $39.2B vs $58.1B.
- Financials for spin-off/partial sale: FIS plans to sell 55% of Merchant Solutions to GTCR; audited FY2022 and unaudited H1 2023 provided.
- Worldpay Business includes both Issuer Solutions and Merchant; historical results may not reflect standalone performance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1136893/000119312523228014/0001193125-23-228014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1136893/000119312523228014/d533698d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-228014

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