Balance Sheet Fiserv, Inc.

Equities

FI

US3377381088

Business Support Services

Market Closed - Nyse Other stock markets 04:00:02 2025-01-24 pm EST			5-day change	1st Jan Change
208.84 ^USD	+1.14%		+0.12%	+1.66%

Jan. 23	Sector Update: Financial Stocks Advance Late Afternoon	MT
Jan. 23	Sector Update: Financial Stocks Higher Thursday Afternoon	MT

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Published financial data: FISERV, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	10.19B	14.85B	16.23B	17.74B	19.09B
Total Revenues	10.19B	14.85B	16.23B	17.74B	19.09B
Cost of Goods Sold, Total	5.31B	7.69B	8.13B	7.99B	7.67B
Gross Profit	4.88B	7.16B	8.1B	9.74B	11.42B
Selling General & Admin Expenses, Total	3.21B	5.53B	5.8B	6.04B	6.58B
Other Operating Expenses, Total	3.21B	5.53B	5.8B	6.04B	6.58B
Operating Income	1.67B	1.63B	2.3B	3.7B	4.85B
Interest Expense, Total	-507M	-716M	-696M	-746M	-1B
Interest And Investment Income	34M	7M	3M	13M	28M
Net Interest Expenses	-473M	-709M	-693M	-733M	-976M
Income (Loss) On Equity Invest.	29M	-	100M	220M	-15M
Currency Exchange Gains (Loss)	50M	-	12M	-62M	-164M
Other Non Operating Income (Expenses)	-5M	28M	27M	-32M	24M
EBT, Excl. Unusual Items	1.27B	949M	1.75B	3.09B	3.72B
Restructuring Charges	-	-242M	-15M	-14M	-
Merger & Related Restructuring Charges	-77M	-	-	-	-
Gain (Loss) On Sale Of Investments	-	-	32M	-	-
Gain (Loss) On Sale Of Assets	15M	464M	-	54M	167M
Other Unusual Items	-98M	-	-	-	-
EBT, Incl. Unusual Items	1.11B	1.17B	1.77B	3.13B	3.88B
Income Tax Expense	198M	196M	363M	551M	754M
Earnings From Continuing Operations	914M	975M	1.4B	2.58B	3.13B
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	914M	975M	1.4B	2.58B	3.13B
Minority Interest	-21M	-17M	-69M	-52M	-61M
Net Income - (IS)	893M	958M	1.33B	2.53B	3.07B
Net Income to Common Incl Extra Items	893M	958M	1.33B	2.53B	3.07B
Net Income to Common Excl. Extra Items	893M	958M	1.33B	2.53B	3.07B
Per Share Items
Net EPS - Basic	1.74	1.43	2.01	3.94	5.02
Basic EPS - Continuing Operations	1.74	1.43	2.01	3.94	5.02
Basic Weighted Average Shares Outstanding	512M	672M	663M	642M	612M
Net EPS - Diluted	1.71	1.4	1.99	3.91	4.98
Diluted EPS - Continuing Operations	1.71	1.4	1.99	3.91	4.98
Diluted Weighted Average Shares Outstanding	523M	683M	672M	648M	616M
Normalized Basic EPS	1.51	0.86	1.55	2.93	3.7
Normalized Diluted EPS	1.48	0.84	1.52	2.9	3.67
American Depositary Receipts Ratio (ADR)	2	2	2	2	2
Supplemental Items
EBITDA	3.32B	4.72B	5.5B	6.87B	7.97B
EBITA	2.97B	4.14B	4.85B	6.14B	7.21B
EBIT	1.67B	1.63B	2.3B	3.7B	4.85B
EBITDAR	3.53B	4.92B	5.66B	7.06B	8.15B
Total Revenues (As Reported)	10.19B	14.85B	16.23B	17.74B	19.09B
Effective Tax Rate - (Ratio)	17.81	16.74	20.55	17.59	19.42
Current Domestic Taxes	94M	46M	516M	977M	1.06B
Current Foreign Taxes	57M	79M	109M	132M	204M
Total Current Taxes	151M	125M	625M	1.11B	1.26B
Deferred Domestic Taxes	100M	155M	-292M	-423M	-392M
Deferred Foreign Taxes	-53M	-84M	30M	-135M	-119M
Total Deferred Taxes	47M	71M	-262M	-558M	-511M
Normalized Net Income	774M	576M	1.02B	1.88B	2.26B
Interest on Long-Term Debt	8M	21M	23M	17M	31M
Non-Cash Pension Expense	-1M	-4M	-7M	-1M	3M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	-	-	-	-	-
Net Rental Expense, Total	207M	198M	162M	186M	185M
Imputed Operating Lease Interest Expense	58.71M	51.64M	41.71M	50.29M	64.5M
Imputed Operating Lease Depreciation	148M	146M	120M	136M	120M
Stock-Based Comp., Other (Total)	229M	369M	239M	323M	342M
Total Stock-Based Compensation	229M	369M	239M	323M	342M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	893M	906M	835M	902M	1.2B
Total Cash And Short Term Investments	893M	906M	835M	902M	1.2B
Accounts Receivable, Total	2.78B	2.48B	2.86B	3.58B	3.58B
Total Receivables	2.78B	2.48B	2.86B	3.58B	3.58B
Prepaid Expenses	791M	953M	1.11B	1.14B	-
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	12.58B	11.88B	14.07B	21.91B	30.02B
Total Current Assets	17.05B	16.22B	18.87B	27.54B	34.81B
Gross Property Plant And Equipment	3.34B	3.42B	3.81B	4.75B	5.47B
Accumulated Depreciation	-1.05B	-1.28B	-1.49B	-2.21B	-2.68B
Net Property Plant And Equipment	2.29B	2.13B	2.32B	2.54B	2.79B
Long-term Investments	2.89B	2.92B	2.67B	2.54B	2.42B
Goodwill	36.04B	36.32B	36.43B	36.81B	37.2B
Other Intangibles, Total	17.64B	15.36B	14.01B	12.42B	11.21B
Accounts Receivable Long-Term	382M	433M	541M	551M	754M
Deferred Tax Assets Long-Term	112M	28M	42M	56M	80M
Deferred Charges Long-Term	540M	697M	814M	915M	975M
Other Long-Term Assets, Total	602M	514M	549M	495M	648M
Total Assets	77.54B	74.62B	76.25B	83.87B	90.89B
Liabilities
Accounts Payable, Total	392M	437M	593M	652M	449M
Accrued Expenses, Total	1.76B	1.79B	1.9B	1.8B	1.85B
Short-term Borrowings	150M	144M	240M	198M	442M
Current Portion of Long-Term Debt	59M	136M	138M	114M	126M
Current Portion of Leases	218M	229M	252M	280M	305M
Current Income Taxes Payable	137M	130M	154M	432M	203M
Unearned Revenue Current, Total	492M	546M	585M	625M	761M
Other Current Liabilities	12.52B	12.22B	14.44B	22.35B	29.42B
Total Current Liabilities	15.73B	15.64B	18.3B	26.46B	33.55B
Long-Term Debt	21.47B	20.03B	20.42B	20.58B	21.93B
Long-Term Leases	747M	742M	928M	994M	1.1B
Unearned Revenue Non Current	155M	187M	225M	235M	250M
Deferred Tax Liability Non Current	4.25B	4.39B	4.17B	3.6B	3.08B
Other Non Current Liabilities	338M	306M	263M	308M	313M
Total Liabilities	42.68B	41.29B	44.3B	52.18B	60.22B
Common Stock, Total	8M	8M	8M	8M	8M
Additional Paid In Capital	23.74B	23.64B	22.98B	23.01B	23.1B
Retained Earnings	12.53B	13.44B	14.85B	17.38B	20.44B
Treasury Stock	-3.12B	-4.38B	-6.14B	-8.38B	-12.92B
Comprehensive Income and Other	-180M	-387M	-745M	-1.19B	-783M
Total Common Equity	32.98B	32.33B	30.95B	30.83B	29.86B
Minority Interest	1.88B	999M	998M	860M	812M
Total Equity	34.86B	33.33B	31.95B	31.69B	30.67B
Total Liabilities And Equity	77.54B	74.62B	76.25B	83.87B	90.89B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	679M	669M	652M	628M	590M
ECS Total Common Shares Outstanding	680M	669M	650M	630M	594M
Book Value / Share	48.51	48.32	47.62	48.93	50.26
Tangible Book Value	-20.7B	-19.35B	-19.49B	-18.4B	-18.56B
Tangible Book Value Per Share	-30.45	-28.92	-29.98	-29.2	-31.24
Total Debt	22.64B	21.28B	21.97B	22.17B	23.9B
Net Debt	21.75B	20.37B	21.14B	21.27B	22.7B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-130M	-140M	-209M	-113M	-104M
Debt Equivalent Oper. Leases	1.66B	1.58B	1.3B	1.49B	1.48B
Minority Interest, Total (Incl. Fin. Div)	1.88B	999M	998M	860M	812M
Equity Method Investments, Total	2.89B	2.76B	2.56B	2.4B	2.26B
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	61M	54M	48M	47M	48M
Buildings, Total	540M	555M	512M	724M	801M
Machinery, Total	2.06B	2.3B	2.67B	3.4B	4B
Full Time Employees	44K	44K	44K	41K	42K
Accumulated Allowance for Doubtful Accounts (Supple)	39M	48M	55M	52M	86M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	893M	958M	1.33B	2.53B	3.07B
Depreciation & Amortization - CF	352M	585M	648M	728M	761M
Amortization of Goodwill and Intangible Assets - (CF)	1.3B	2.51B	2.55B	2.44B	2.36B
Depreciation & Amortization, Total	1.65B	3.09B	3.2B	3.17B	3.12B
Amortization of Deferred Charges, Total - (CF)	127M	47M	52M	43M	41M
(Gain) Loss From Sale Of Asset	-15M	-464M	-	-54M	-167M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	48M	242M	15M	14M	-
(Income) Loss On Equity Investments - (CF)	-6M	42M	-66M	-147M	70M
Stock-Based Compensation (CF)	229M	369M	239M	323M	342M
Tax Benefit from Stock Options	-	-	-	-	-
Net Cash From Discontinued Operations	133M	-	-	-	-
Other Operating Activities, Total	-168M	72M	-241M	-516M	-401M
Change In Accounts Receivable	-7M	320M	-358M	-770M	23M
Change In Accounts Payable	238M	-146M	303M	511M	-54M
Change in Unearned Revenues	99M	71M	77M	58M	155M
Change in Other Net Operating Assets	-294M	-456M	-517M	-543M	-1.04B
Cash from Operations	2.93B	4.15B	4.03B	4.62B	5.16B
Capital Expenditure	-721M	-900M	-1.16B	-1.48B	-1.39B
Cash Acquisitions	-16B	-139M	-848M	-988M	-13M
Divestitures	51M	579M	-	246M	234M
Investment in Marketable and Equity Securities, Total	68M	108M	378M	109M	102M
Other Investing Activities, Total	5M	11M	-	-	-3M
Cash from Investing	-16.6B	-341M	-1.63B	-2.11B	-1.07B
Short Term Debt Issued, Total	-	-	1.74B	1.84B	-
Long-Term Debt Issued, Total	20.03B	8.9B	6.44B	1.62B	5.57B
Total Debt Issued	20.03B	8.9B	8.18B	3.46B	5.57B
Short Term Debt Repaid, Total	-	-6M	-	-	-1.46B
Long-Term Debt Repaid, Total	-5.04B	-10.92B	-7.88B	-3.32B	-3.02B
Total Debt Repaid	-5.04B	-10.92B	-7.88B	-3.32B	-4.47B
Issuance of Common Stock	156M	133M	140M	149M	101M
Repurchase of Common Stock	-561M	-1.83B	-2.79B	-2.68B	-4.83B
Other Financing Activities, Total	-391M	-116M	610M	-86M	-726M
Cash from Financing	14.19B	-3.84B	-1.74B	-2.48B	-4.36B
Foreign Exchange Rate Adjustments	1M	16M	-27M	-41M	33M
Net Change in Cash	518M	-14M	636M	-13M	-229M
Supplemental Items
Cash Interest Paid	291M	673M	648M	703M	879M
Cash Income Tax Paid (Refund)	197M	156M	666M	709M	1.22B
Levered Free Cash Flow	964M	3.85B	3.15B	3.5B	4.37B
Unlevered Free Cash Flow	1.15B	4.25B	3.53B	3.92B	4.95B
Change In Net Working Capital	1.05B	-668M	185M	406M	152M
Net Debt Issued / Repaid	14.99B	-2.03B	295M	136M	1.1B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	2.35	1.34	1.91	2.89	3.47
Return on Total Capital	3.18	1.82	2.65	4.29	5.59
Return On Equity %	4.92	2.86	4.3	8.11	10.04
Return on Common Equity	5.06	2.93	4.22	8.19	10.11
Margin Analysis
Gross Profit Margin %	47.88	48.2	49.91	54.94	59.83
SG&A Margin	31.48	37.22	35.71	34.08	34.44
EBITDA Margin %	32.61	31.79	33.89	38.73	41.73
EBITA Margin %	29.15	27.85	29.9	34.62	37.75
EBIT Margin %	16.4	10.97	14.19	20.86	25.39
Income From Continuing Operations Margin %	8.97	6.56	8.65	14.56	16.39
Net Income Margin %	8.77	6.45	8.22	14.26	16.07
Net Avail. For Common Margin %	8.77	6.45	8.22	14.26	16.07
Normalized Net Income Margin	7.6	3.88	6.31	10.61	11.84
Levered Free Cash Flow Margin	9.46	25.9	19.39	19.71	22.87
Unlevered Free Cash Flow Margin	11.32	28.6	21.75	22.1	25.94
Asset Turnover
Asset Turnover	0.23	0.2	0.22	0.22	0.22
Fixed Assets Turnover	7.58	6.72	7.29	7.3	7.16
Receivables Turnover (Average Receivables)	5.32	5.64	6.07	5.5	5.33
Short Term Liquidity
Current Ratio	1.08	1.04	1.03	1.04	1.04
Quick Ratio	0.23	0.22	0.2	0.17	0.14
Operating Cash Flow to Current Liabilities	0.19	0.27	0.22	0.17	0.15
Days Sales Outstanding (Average Receivables)	68.63	64.86	60.08	66.31	68.51
Average Days Payable Outstanding	17.84	19.72	23.13	28.43	26.2
Long Term Solvency
Total Debt/Equity	64.96	63.85	68.78	69.96	77.93
Total Debt / Total Capital	39.38	38.97	40.75	41.16	43.8
LT Debt/Equity	63.73	62.32	66.8	68.1	75.09
Long-Term Debt / Total Capital	38.64	38.04	39.58	40.06	42.2
Total Liabilities / Total Assets	55.05	55.33	58.1	62.22	66.26
EBIT / Interest Expense	3.3	2.28	3.31	4.96	4.83
EBITDA / Interest Expense	6.96	6.87	8.13	9.46	8.12
(EBITDA - Capex) / Interest Expense	5.54	5.61	6.47	7.47	6.74
Total Debt / EBITDA	6.42	4.33	3.88	3.14	2.93
Net Debt / EBITDA	6.16	4.14	3.73	3.01	2.78
Total Debt / (EBITDA - Capex)	8.06	5.29	4.88	3.98	3.53
Net Debt / (EBITDA - Capex)	7.75	5.07	4.7	3.81	3.36
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	74.94