Business Context and Reporting Period
This Form 8-K, filed on April 11, 2005, by Certegy Inc. (not Fidelity National Information Services, Inc.), announces the mailing of its Annual Report to Shareholders for the fiscal year ended December 31, 2004. The filing serves to disclose financial highlights and selected data derived from the company's audited consolidated financial statements.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. It references a table in the attached Annual Report containing financial data for the years ended December 31, 2004, 2003, and 2002, as well as a ten-year bar chart for total revenues. The text notes that pro forma diluted earnings per share from continuing operations include adjustments for the adoption of SFAS No. 123(R).
Material Changes and Accounting Adjustments
- Discontinued Operations: In September 2004, Certegy's Board approved a plan to sell its merchant acquiring business. Consequently, this business is classified as a discontinued operation under SFAS No. 144.
- Restatements: Ten-year total revenue data has been restated to exclude discontinued operations. Revenue data prior to 2000 reflects the revenues of Equifax's Payment Services division prior to Certegy's 2001 spin-off.
- Segment Impact: The merchant acquiring operations were historically part of the Card Services segment.
Guidance, Outlook, and Risks
The filing does not contain forward-looking guidance, management commentary on future outlook, or specific risk factors. It explicitly states that the information is furnished solely pursuant to Item 2.02 and is not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, limiting its liability exposure.
Investor Verification Checklist
- Verify the specific financial figures (revenue, EPS, cash flow) in the attached Exhibit 99.1 (Financial Highlights Section of the 2004 Annual Report) as they are not listed in this 8-K text.
- Confirm the status and expected closing date of the merchant acquiring business sale.
- Review the impact of the SFAS No. 123(R) adoption on pro forma diluted earnings per share.
- Ensure the distinction between Certegy Inc. and Fidelity National Information Services, Inc. is noted, as the filing pertains to Certegy.