Stock Analysis on Net
AI Tokens
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
Quarterly Data

Fiserv Inc., common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Cash and cash equivalents 1.14 1.10 1.23 1.11 1.11 1.21 1.29 1.13 1.23 1.15 1.32 42.98 3.87 3.68 6.26 3.41 3.76 3.16 3.19 3.09 3.18
Trade accounts receivable, less allowance for doubtful accounts 3.86 3.75 3.69 3.51 3.50 3.33 3.21 3.26 3.56 3.59 3.41 5.04 8.94 9.31 8.83 9.12 8.64 9.69 8.80 8.72 8.88
Prepaid expenses and other current assets 1.89 2.00 1.92 1.69 1.67 1.76 1.88 1.45 1.45 1.94 1.71 3.97 6.67 6.75 6.66 5.13 5.00 5.86 6.34 5.04 4.60
Settlement assets 17.54 17.90 17.48 17.08 15.69 15.44 12.99 16.85 11.57 15.31 16.67 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Assets held for sale 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.49 0.00 0.00 0.00
Current assets 24.44% 24.75% 24.32% 23.39% 21.97% 21.74% 19.38% 22.68% 17.81% 21.98% 23.11% 51.98% 19.48% 19.75% 21.75% 17.66% 17.39% 19.20% 18.34% 16.85% 16.66%
Property and equipment, net 2.29 2.28 2.27 2.18 2.20 2.18 2.25 2.19 2.35 2.07 2.10 2.13 3.50 3.53 3.58 3.66 3.69 3.79 3.77 4.09 4.13
Customer relationships, net 12.56 13.10 13.66 14.31 14.93 15.55 16.45 16.73 18.36 18.11 18.67 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Other intangible assets, net 5.25 5.27 5.18 5.10 5.11 5.03 5.17 4.85 5.06 4.64 4.11 10.70 18.13 19.03 16.77 17.94 18.25 18.29 18.51 18.66 18.96
Intangible assets, net 17.81% 18.37% 18.83% 19.41% 20.04% 20.58% 21.62% 21.58% 23.42% 22.75% 22.78% 10.70% 18.13% 19.03% 16.77% 17.94% 18.25% 18.29% 18.51% 18.66% 18.96%
Goodwill 48.41 47.78 47.91 48.39 48.61 48.68 49.62 46.81 49.17 46.48 45.61 29.03 48.84 50.63 50.71 53.40 53.64 54.33 55.03 56.12 56.02
Contract costs, net 1.11 1.06 1.03 1.00 0.97 0.93 0.89 0.79 0.78 0.69 0.62 2.27 3.73 3.72 3.81 3.90 3.94 0.82 0.00 0.00 0.00
Investments in unconsolidated affiliates 3.42 3.36 3.43 3.42 4.06 3.69 3.83 3.58 3.88 3.51 3.36 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Other long-term assets 2.52 2.39 2.20 2.21 2.16 2.20 2.41 2.37 2.59 2.52 2.42 3.89 6.31 3.34 3.38 3.45 3.09 3.58 4.35 4.28 4.24
Long-term assets 75.56% 75.25% 75.68% 76.61% 78.03% 78.26% 80.62% 77.32% 82.19% 78.02% 76.89% 48.02% 80.52% 80.25% 78.25% 82.34% 82.61% 80.80% 81.66% 83.15% 83.34%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

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).

The asset composition exhibits a significant structural transformation beginning in mid-2019, shifting from a model dominated by traditional intangibles and receivables to one incorporating specialized settlement assets and customer relationship intangibles. While the balance sheet remains heavily weighted toward long-term assets, the volatility observed in 2019 suggests a major corporate event or reporting realignment that permanently altered the distribution of total assets.

Current Asset Dynamics and Liquidity
Current assets generally fluctuated between 16% and 24% of total assets, with a notable anomaly on June 30, 2019, where they spiked to 51.98% due to a temporary surge in cash and cash equivalents reaching 42.98%. Following this peak, cash levels stabilized at a significantly lower range of 1.1% to 1.2%. A permanent structural change is evident from September 30, 2019, with the introduction of settlement assets, which have since stabilized as a core component of the asset base, ranging between 11.5% and 17.9%.
Receivables and Operational Assets
Trade accounts receivable experienced a marked decline, falling from a range of 8.6% to 9.7% in 2017-2018 to a lower stabilized range of 3.2% to 3.8% after June 2019. Similarly, prepaid expenses and other current assets decreased from peaks of 6.7% to a consistent range of 1.4% to 2.0%. This trend suggests a shift in how operational liquidity and client obligations are managed or recorded.
Intangible Assets and Goodwill
Goodwill remains the most significant asset component, although its proportion of total assets decreased from 56% in early 2017 to approximately 48% by March 2022. The composition of intangible assets underwent a major reallocation in September 2019; "Other intangible assets" dropped from approximately 18% to roughly 5%, while "Customer relationships" were introduced at 18.67% and gradually declined to 12.56% by March 2022. This indicates a reclassification or an amortization pattern associated with acquired client bases.
Fixed and Other Long-Term Assets
Property and equipment, net, shows a gradual downward trend, decreasing from 4.13% in March 2017 to 2.29% in March 2022, reflecting a diminishing reliance on physical infrastructure relative to the overall asset base. Long-term assets as a whole have remained dominant, consistently representing between 75% and 83% of total assets, despite the temporary volatility in 2019.

AI Ask an analyst for more

My previous chats

Add tokens

Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
Without a user account, I tend to respond rather slowly.

How can I help you?