Fidelity Depreciation vs Free Cash Flow Analysis

FIS Stock

USD 84.10 0.81 0.95%

Fidelity National financial indicator trend analysis is much more than just examining Fidelity National latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Fidelity National is a good investment. Please check the relationship between Fidelity National Depreciation and its Free Cash Flow accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fidelity National Information. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Depreciation vs Free Cash Flow

Depreciation vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fidelity National Depreciation account and Free Cash Flow. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Fidelity National's Depreciation and Free Cash Flow is 0.93. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Fidelity National Information, assuming nothing else is changed. The correlation between historical values of Fidelity National's Depreciation and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation of Fidelity National Information are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Depreciation i.e., Fidelity National's Depreciation and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

0.93

Relationship Direction	Positive
Relationship Strength	Very Strong

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Depreciation

Depreciation indicates how much of Fidelity National value has been used up. For tax purposes Fidelity National can deduct the cost of the tangible assets it purchases as business expenses. However, Fidelity National Information must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Most indicators from Fidelity National's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Fidelity National current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fidelity National Information. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

At this time, Fidelity National's Selling General Administrative is comparatively stable compared to the past year. Discontinued Operations is likely to gain to about 1.2 M in 2024, whereas Tax Provision is likely to drop slightly above 223.3 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	5.2B	5.7B	3.7B	2.1B
Total Revenue	13.9B	14.5B	9.8B	6.2B

Gross Profit Total Revenue

Fidelity National fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Non Current Assets Total	Non Currrent Assets Other	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Inventory	Other Current Assets	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets
Total Assets		0.94	0.95	0.34	0.85	0.96	0.96	0.94	0.95	0.86	0.83	0.86	0.76	0.94	-0.28	0.73	0.8	0.8	0.87	0.79	0.51	0.57	0.83	0.84	0.83	0.9
Total Stockholder Equity	0.94		0.99	0.05	0.81	0.85	0.82	0.77	0.79	0.69	0.61	0.82	0.69	0.76	0.03	0.82	0.82	0.82	0.92	0.74	0.67	0.29	0.65	0.61	0.62	0.96
Non Current Assets Total	0.95	0.99		0.1	0.86	0.89	0.85	0.82	0.85	0.72	0.66	0.88	0.77	0.82	-0.05	0.8	0.83	0.83	0.93	0.82	0.63	0.36	0.7	0.68	0.67	0.96
Non Currrent Assets Other	0.34	0.05	0.1		0.21	0.37	0.53	0.56	0.5	0.59	0.7	0.21	0.21	0.55	-0.82	-0.05	-0.15	-0.15	0.04	0.24	-0.21	0.76	0.52	0.69	0.65	-0.06
Common Stock Shares Outstanding	0.85	0.81	0.86	0.21		0.81	0.81	0.82	0.83	0.8	0.75	0.94	0.8	0.8	-0.29	0.54	0.82	0.82	0.72	0.94	0.33	0.58	0.79	0.76	0.75	0.73
Non Current Liabilities Total	0.96	0.85	0.89	0.37	0.81		0.9	0.96	0.98	0.8	0.82	0.9	0.85	0.97	-0.32	0.74	0.75	0.75	0.86	0.81	0.49	0.58	0.8	0.85	0.78	0.87
Other Stockholder Equity	0.96	0.82	0.85	0.53	0.81	0.9		0.97	0.95	0.94	0.94	0.78	0.66	0.95	-0.54	0.53	0.71	0.71	0.7	0.74	0.32	0.77	0.9	0.94	0.94	0.76
Total Liab	0.94	0.77	0.82	0.56	0.82	0.96	0.97		1.0	0.92	0.95	0.84	0.77	1.0	-0.56	0.55	0.7	0.7	0.72	0.78	0.29	0.78	0.92	0.97	0.93	0.74
Short Long Term Debt Total	0.95	0.79	0.85	0.5	0.83	0.98	0.95	1.0		0.89	0.92	0.87	0.82	1.0	-0.49	0.61	0.73	0.73	0.77	0.8	0.34	0.73	0.89	0.94	0.89	0.78
Other Current Liab	0.86	0.69	0.72	0.59	0.8	0.8	0.94	0.92	0.89		0.96	0.7	0.6	0.88	-0.62	0.32	0.68	0.68	0.54	0.65	0.12	0.86	0.93	0.95	0.97	0.59
Total Current Liabilities	0.83	0.61	0.66	0.7	0.75	0.82	0.94	0.95	0.92	0.96		0.7	0.62	0.92	-0.75	0.3	0.58	0.58	0.51	0.67	0.05	0.92	0.95	0.99	0.99	0.54
Property Plant And Equipment Net	0.86	0.82	0.88	0.21	0.94	0.9	0.78	0.84	0.87	0.7	0.7		0.91	0.85	-0.2	0.71	0.75	0.75	0.86	0.96	0.44	0.46	0.74	0.73	0.67	0.8
Current Deferred Revenue	0.76	0.69	0.77	0.21	0.8	0.85	0.66	0.77	0.82	0.6	0.62	0.91		0.81	-0.16	0.64	0.65	0.65	0.8	0.81	0.48	0.4	0.61	0.66	0.58	0.73
Net Debt	0.94	0.76	0.82	0.55	0.8	0.97	0.95	1.0	1.0	0.88	0.92	0.85	0.81		-0.52	0.59	0.68	0.68	0.75	0.78	0.32	0.74	0.89	0.95	0.89	0.75
Retained Earnings	-0.28	0.03	-0.05	-0.82	-0.29	-0.32	-0.54	-0.56	-0.49	-0.62	-0.75	-0.2	-0.16	-0.52		0.32	-0.04	-0.04	0.14	-0.26	0.47	-0.92	-0.64	-0.74	-0.74	0.1
Accounts Payable	0.73	0.82	0.8	-0.05	0.54	0.74	0.53	0.55	0.61	0.32	0.3	0.71	0.64	0.59	0.32		0.54	0.54	0.94	0.62	0.75	-0.07	0.35	0.33	0.26	0.84
Cash	0.8	0.82	0.83	-0.15	0.82	0.75	0.71	0.7	0.73	0.68	0.58	0.75	0.65	0.68	-0.04	0.54		1.0	0.7	0.67	0.4	0.39	0.7	0.6	0.62	0.84
Cash And Short Term Investments	0.8	0.82	0.83	-0.15	0.82	0.75	0.71	0.7	0.73	0.68	0.58	0.75	0.65	0.68	-0.04	0.54	1.0		0.7	0.67	0.4	0.39	0.7	0.6	0.62	0.84
Net Receivables	0.87	0.92	0.93	0.04	0.72	0.86	0.7	0.72	0.77	0.54	0.51	0.86	0.8	0.75	0.14	0.94	0.7	0.7		0.76	0.7	0.15	0.56	0.53	0.48	0.93
Common Stock Total Equity	0.79	0.74	0.82	0.24	0.94	0.81	0.74	0.78	0.8	0.65	0.67	0.96	0.81	0.78	-0.26	0.62	0.67	0.67	0.76		0.35	0.48	0.69	0.7	0.64	0.69
Inventory	0.51	0.67	0.63	-0.21	0.33	0.49	0.32	0.29	0.34	0.12	0.05	0.44	0.48	0.32	0.47	0.75	0.4	0.4	0.7	0.35		-0.26	-0.03	0.08	0.01	0.73
Other Current Assets	0.57	0.29	0.36	0.76	0.58	0.58	0.77	0.78	0.73	0.86	0.92	0.46	0.4	0.74	-0.92	-0.07	0.39	0.39	0.15	0.48	-0.26		0.85	0.91	0.92	0.22
Property Plant And Equipment Gross	0.83	0.65	0.7	0.52	0.79	0.8	0.9	0.92	0.89	0.93	0.95	0.74	0.61	0.89	-0.64	0.35	0.7	0.7	0.56	0.69	-0.03	0.85		0.94	0.96	0.58
Total Current Assets	0.84	0.61	0.68	0.69	0.76	0.85	0.94	0.97	0.94	0.95	0.99	0.73	0.66	0.95	-0.74	0.33	0.6	0.6	0.53	0.7	0.08	0.91	0.94		0.98	0.56
Short Term Debt	0.83	0.62	0.67	0.65	0.75	0.78	0.94	0.93	0.89	0.97	0.99	0.67	0.58	0.89	-0.74	0.26	0.62	0.62	0.48	0.64	0.01	0.92	0.96	0.98		0.53
Intangible Assets	0.9	0.96	0.96	-0.06	0.73	0.87	0.76	0.74	0.78	0.59	0.54	0.8	0.73	0.75	0.1	0.84	0.84	0.84	0.93	0.69	0.73	0.22	0.58	0.56	0.53

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Fidelity National Account Relationship Matchups

Fidelity National fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	83.8B	83.8B	82.9B	63.3B	55.1B	57.9B
Total Stockholder Equity	49.4B	49.3B	47.3B	27.2B	19.1B	12.1B
Non Current Assets Total	75.1B	73.9B	72.2B	50.5B	41.3B	21.0B
Non Currrent Assets Other	3.0B	2.5B	2.1B	(815M)	19.3B	20.2B
Common Stock Shares Outstanding	451M	627M	621M	604M	591M	305.0M
Liabilities And Stockholders Equity	83.8B	83.8B	82.9B	63.3B	55.1B	57.9B
Non Current Liabilities Total	24.0B	22.0B	20.9B	19.6B	17.7B	18.6B
Other Stockholder Equity	45.3B	45.8B	44.2B	42.5B	42.2B	44.3B
Total Liab	34.4B	34.4B	35.4B	35.9B	36.0B	37.8B
Short Long Term Debt Total	20.2B	20.0B	20.4B	20.1B	19.3B	20.3B
Other Current Liab	4.2B	10.6B	11.5B	9.2B	10.3B	10.8B
Total Current Liabilities	10.4B	12.4B	14.5B	16.2B	18.3B	19.2B
Property Plant And Equipment Net	900M	887M	949M	862M	909M	513.5M
Current Deferred Revenue	817M	881M	779M	788M	832M	508.9M
Net Debt	19.0B	18.1B	18.3B	17.9B	18.9B	19.8B
Retained Earnings	4.2B	3.4B	2.9B	(15.0B)	(22.9B)	(21.7B)
Accounts Payable	2.4B	1.6B	1.8B	623M	733M	807.1M
Cash	1.2B	2.0B	2.0B	2.2B	440M	682.1M
Cash And Short Term Investments	1.2B	2.0B	2.0B	2.2B	440M	692.0M
Net Receivables	4.4B	3.3B	3.8B	2.0B	2.0B	1.6B
Inventory	2.9B	3.3B	551M	(147M)	(169.1M)	(160.6M)
Other Current Assets	308M	4.6B	4.9B	10.3B	11.5B	12.1B
Property Plant And Equipment Gross	1.5B	1.4B	3.0B	2.7B	2.3B	2.4B
Total Current Assets	8.7B	9.9B	10.7B	12.8B	13.8B	14.5B
Accumulated Other Comprehensive Income	(33M)	57M	252M	(360M)	(260M)	(247M)
Short Term Debt	3.0B	4.2B	5.7B	6.0B	6.2B	6.5B
Intangible Assets	19.0B	17.3B	14.8B	12.2B	3.9B	5.4B
Good Will	52.2B	53.3B	53.3B	34.3B	17.0B	16.6B
Other Liab	6.3B	6.0B	6.1B	5.1B	5.9B	6.2B
Other Assets	2.3B	5.9B	3.1B	3.1B	(1.9B)	(1.8B)
Long Term Debt	17.2B	16.0B	14.8B	14.2B	13.0B	7.9B
Property Plant Equipment	900M	887M	949M	862M	991.3M	558.6M
Short Term Investments	677M	700M	2.9B	3.3B	3.7B	3.9B
Treasury Stock	(4.7B)	(52M)	(150M)	(2.3B)	(2.0B)	(2.1B)
Net Tangible Assets	(21.8B)	(21.1B)	(20.8B)	(19.3B)	(17.3B)	(16.5B)
Noncontrolling Interest In Consolidated Entity	7M	16M	13M	11M	9.9M	9.4M
Retained Earnings Total Equity	4.5B	4.2B	3.4B	2.9B	3.3B	3.2B

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