Common-Size Balance Sheet: Assets
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- Balance Sheet: Liabilities and Stockholders’ Equity
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Enterprise Value to FCFF (EV/FCFF)
- Present Value of Free Cash Flow to Equity (FCFE)
- Return on Equity (ROE) since 2005
- Total Asset Turnover since 2005
- Price to Earnings (P/E) since 2005
- Price to Operating Profit (P/OP) since 2005
- Price to Book Value (P/BV) since 2005
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Based on: 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
- Cash and Cash Equivalents
- The proportion of cash and cash equivalents relative to total assets fluctuated over the analyzed periods, showing a notable spike at June 30, 2019, reaching 42.98%. Aside from this outlier, the ratio generally ranged between approximately 1.1% and 6.3%, indicating a relatively stable but low liquidity position in terms of cash holdings.
- Trade Accounts Receivable
- This category showed a decline from around 8.8-9.7% of total assets in the early periods to a low near 3.4% in late 2019 and early 2020. Since then, it exhibited a gradual upward trend, rising to about 3.9% by March 2022, suggesting some recovery or increase in receivables on the asset base.
- Prepaid Expenses and Other Current Assets
- The ratio experienced an increase to a peak of 6.75% at the end of 2018, followed by a sharp drop to between 1.45% and 2.0% during 2019 and 2022, reflecting a reduction in prepayments and related current assets proportionate to total assets.
- Settlement Assets
- These assets appeared from September 2019 onwards, consistently representing between approximately 12.99% and 17.9% of total assets. This indicates a significant allocation to settlement assets during and after 2019.
- Assets Held for Sale
- This item appeared only once, at December 31, 2017, representing 0.49% of total assets, and was not reported thereafter, indicating a transient or disposed asset category.
- Current Assets
- Current assets maintained a varying share, spiking dramatically to 51.98% in June 2019, largely influenced by the cash and settlement asset fluctuations. Otherwise, the current assets hovered between about 16.7% and 24.75%, showing moderate variability without clear long-term upward or downward trends.
- Property and Equipment, Net
- This category steadily decreased from above 4.1% in early 2017 to just above 2.1% in mid-2019, and then stabilized around 2.2% to 2.3%, indicating a shrinking proportion of physical assets.
- Customer Relationships, Net
- Reported from June 2019 onwards, customer relationships as a percentage of total assets declined gradually from 18.67% to 12.56% by March 2022, reflecting amortization or revaluation of intangible relationship assets over time.
- Other Intangible Assets, Net
- This asset class declined significantly from above 18% in early 2017 to below 5.5% from 2019 onward, signalling substantial reduction likely due to amortization, impairments, or disposals of intangible assets other than goodwill and customer relationships.
- Intangible Assets, Net
- The intangible assets category dropped sharply after 2018 from around 18% to about 10.7% in March 2019 but then surged again to over 23% by late 2019 before gradually decreasing to approximately 17.8% by March 2022. This volatility suggests reclassification or acquisition activity affecting intangible assets.
- Goodwill
- Goodwill represented the largest asset portion early on, slowly decreasing from over 56% in 2017 to below 49% by end 2019 and continuing to decline slightly to about 48.4% by March 2022, highlighting moderate impairment or acquisition-related adjustment impacts.
- Contract Costs, Net
- Emerging from late 2017, contract costs as a proportion of total assets showed slight but consistent growth, rising from under 1% initially to around 1.11% by March 2022, indicating increased capitalization of contract-related expenditures.
- Investments in Unconsolidated Affiliates
- First reported in late 2018, this asset group maintained a narrow range between approximately 3.36% and 4.06%, showing stability in investments in affiliated companies without significant volatility.
- Other Long-Term Assets
- This category fluctuated mostly between 2.1% and 4.3%, with a peak around 6.31% in September 2018 followed by a decline and relative stability, suggesting moderate changes in long-term miscellaneous asset holdings.
- Long-Term Assets
- The proportion of long-term assets showed a decreasing trend, dropping from over 83% in early 2017 to near 75-76% by early 2022. The notable dip to 48.02% in June 2019 aligns with the spike in current assets, likely due to reclassification or significant balance sheet restructuring around that time.