Stock Analysis on Net
Stock Analysis on Net

Fiserv Inc. (NASDAQ:FISV)

This company has been moved to the archive! The financial data has not been updated since April 28, 2022.

Common-Size Balance Sheet: Assets 

Fiserv Inc., common-size consolidated balance sheet: assets

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Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Cash and cash equivalents 1.10 1.21 1.15 3.68 3.16
Trade accounts receivable, less allowance for doubtful accounts 3.75 3.33 3.59 9.31 9.69
Prepaid expenses and other current assets 2.00 1.76 1.94 2.43 2.12
Settlement assets 17.90 15.44 15.31 4.32 3.74
Assets held for sale 0.00 0.00 0.00 0.00 0.49
Current assets 24.75% 21.74% 21.98% 19.75% 19.20%
Property and equipment, net 2.28 2.18 2.07 3.53 3.79
Customer relationships, net 13.10 15.55 18.11 11.97 10.93
Other intangible assets, net 5.27 5.03 4.64 7.06 7.36
Intangible assets, net 18.37% 20.58% 22.75% 19.03% 18.29%
Goodwill 47.78 48.68 46.48 50.63 54.33
Contract costs, net 1.06 0.93 0.69 3.72 0.82
Investments in unconsolidated affiliates 3.36 3.69 3.51 0.58 0.00
Other long-term assets 2.39 2.20 2.52 2.76 3.58
Long-term assets 75.25% 78.26% 78.02% 80.25% 80.80%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

Cash and Cash Equivalents
The proportion of cash and cash equivalents relative to total assets showed a decline from 3.16% in 2017 to 1.1% in 2021, indicating a reduced liquidity position or a strategic allocation of resources away from cash holdings over the period.
Trade Accounts Receivable
This item decreased significantly as a percentage of total assets from 9.69% in 2017 to a low of 3.33% in 2020, with a slight increase to 3.75% in 2021. The reduction suggests tighter credit policies or improved collections, while the marginal rebound in 2021 could indicate a modest increase in credit sales.
Prepaid Expenses and Other Current Assets
These assets fluctuated slightly but remained relatively stable, ranging between 1.76% and 2.43% of total assets. The stabilization suggests consistent management of prepaid and miscellaneous current assets over time.
Settlement Assets
There was a marked increase in settlement assets from 3.74% in 2017 to 17.9% in 2021. This substantial growth highlights an increasing role of settlement-related balances in the asset structure, possibly reflecting changes in transaction volume or processing activities.
Assets Held for Sale
Reported only in 2017 at 0.49%, assets held for sale were absent in subsequent years, indicating divestitures or reclassification of such assets out of this category.
Current Assets
The total current assets as a percentage of total assets trended upward from 19.2% in 2017 to 24.75% in 2021, denoting a gradual increase in liquidity-related resources and short-term assets within the company’s asset base.
Property and Equipment, Net
There was a downward trend from 3.79% in 2017 to 2.28% in 2021, reflecting either asset disposals, depreciation outpacing acquisitions, or a shift to less capital-intensive operations.
Customer Relationships, Net
The proportion of customer relationship assets peaked at 18.11% in 2019 and then declined to 13.1% by 2021. This decrease may signify amortization, impairment, or portfolio changes affecting the recognition of these intangible assets.
Other Intangible Assets, Net
This category remained relatively stable with a slight increase from 4.64% in 2019 to 5.27% in 2021 after a decrease from 7.36% in 2017. Such movements could be the result of acquisitions, amortization, or revaluation.
Intangible Assets, Net
Overall intangible assets showed a rise from 18.29% in 2017 to a peak of 22.75% in 2019 before declining to 18.37% by 2021. This suggests a dynamic balance between asset additions and amortization or impairments.
Goodwill
Goodwill represented the largest single asset category, decreasing from 54.33% in 2017 to 47.78% in 2021. The downward trend suggests partial write-downs, divestitures, or relatively lower acquisition activity compared to prior years.
Contract Costs, Net
Contract costs as a percentage of total assets exhibited variability, increasing from 0.82% in 2017 to 3.72% in 2018, then declining and modestly increasing again to 1.06% in 2021. This volatility indicates changes in capitalized contract-related expenditures over the period.
Investments in Unconsolidated Affiliates
Starting from no reported value in 2017, investments in unconsolidated affiliates increased to about 3.36% by 2021, reflecting a strategic expansion of interests in associated entities or joint ventures.
Other Long-Term Assets
These assets declined from 3.58% in 2017 to 2.39% in 2021, suggesting amortization, disposals, or reclassification efforts that reduced their relative weight in the asset structure.
Long-Term Assets
Long-term assets decreased from 80.8% in 2017 to 75.25% in 2021, indicating a marginal shift toward a greater proportion of current assets on the balance sheet, possibly driven by operational or strategic liquidity considerations.
Total Assets
All presented categories are expressed as percentages of total assets, summing to 100% in each year, providing a consistent basis for evaluating composition shifts and asset structure dynamics over the five-year period.