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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: Liabilities and Stockholders’ Equity
Quarterly Data

Fiserv Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity (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
Accounts payable and accrued expenses 4.41 4.66 4.41 4.44 4.33 4.27 4.21 3.80 3.96 3.97 3.73 8.58 14.71 14.44 14.43 12.74 12.82 13.44 12.81 11.85 12.43
Short-term and current maturities of long-term debt 0.73 0.67 0.59 0.55 0.49 0.51 0.50 0.47 0.47 0.37 0.47 0.05 0.06 0.04 4.21 0.01 0.01 0.03 0.91 0.98 0.94
Contract liabilities 0.81 0.77 0.70 0.69 0.74 0.73 0.62 0.62 0.70 0.63 0.53 1.83 3.38 3.37 2.95 3.44 3.73 5.36 4.42 4.79 5.09
Settlement obligations 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
Current liabilities 23.49% 23.99% 23.18% 22.77% 21.25% 20.96% 18.33% 21.74% 16.69% 20.28% 21.40% 10.46% 18.16% 17.85% 21.59% 16.20% 16.55% 18.84% 18.14% 17.63% 18.46%
Long-term debt, excluding current maturities 27.19 27.19 27.11 26.95 27.84 27.20 28.87 27.91 29.79 27.87 28.41 69.99 50.26 52.88 44.87 47.02 45.27 47.59 49.20 47.97 46.90
Deferred income taxes 5.28 5.47 5.43 5.71 5.73 5.88 6.26 5.81 5.82 5.48 5.28 3.63 6.38 6.62 6.65 6.77 6.82 5.36 7.99 7.98 7.91
Long-term contract liabilities 0.30 0.30 0.27 0.24 0.25 0.25 0.23 0.21 0.21 0.20 0.17 0.54 0.88 0.79 0.70 0.69 0.64 0.52 0.00 0.00 0.00
Other long-term liabilities 1.15 1.15 1.01 1.06 1.03 1.04 1.14 1.16 1.27 1.21 1.27 2.41 3.82 1.51 1.43 1.42 1.50 1.14 1.63 1.73 1.73
Long-term liabilities 33.92% 34.10% 33.82% 33.96% 34.86% 34.38% 36.51% 35.08% 37.10% 34.76% 35.13% 76.58% 61.34% 61.79% 53.66% 55.91% 54.22% 54.62% 58.82% 57.69% 56.54%
Total liabilities 57.41% 58.10% 56.99% 56.72% 56.11% 55.33% 54.83% 56.82% 53.79% 55.05% 56.52% 87.04% 79.50% 79.64% 75.24% 72.11% 70.78% 73.46% 76.96% 75.31% 75.00%
Redeemable noncontrolling interests 0.22 0.36 0.34 0.34 0.35 0.35 0.36 0.33 0.36 0.34 0.12 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Preferred stock, no par value; none issued 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 0.00 0.00 0.00 0.00
Common stock, $0.01 par value 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.04 0.07 0.07 0.07 0.08 0.08 0.04 0.04 0.04 0.04
Additional paid-in capital 30.41 30.14 30.32 30.30 31.43 31.68 32.85 30.83 32.64 30.62 30.40 5.38 8.86 9.39 9.72 10.01 9.88 10.06 10.01 10.50 10.30
Accumulated other comprehensive loss -0.85 -0.98 -0.86 -0.43 -0.72 -0.52 -1.15 -0.84 -1.12 -0.23 -0.49 -0.98 -0.73 -0.59 -0.74 -0.65 -0.55 -0.52 -0.54 -0.61 -0.69
Retained earnings 20.56 19.47 19.06 18.49 18.37 18.01 18.16 16.70 17.73 16.16 15.77 61.52 101.58 103.31 105.59 108.85 106.92 99.52 95.05 97.70 95.31
Treasury stock, at cost -8.69 -8.05 -6.84 -6.42 -6.53 -5.86 -6.08 -5.75 -5.40 -4.02 -3.74 -52.99 -89.27 -91.81 -89.90 -90.40 -87.12 -82.55 -81.52 -82.94 -79.96
Total Fiserv, Inc. shareholders’ equity 41.44% 40.59% 41.70% 41.96% 42.56% 43.33% 43.79% 40.97% 43.86% 42.53% 41.96% 12.96% 20.50% 20.36% 24.76% 27.89% 29.22% 26.54% 23.04% 24.69% 25.00%
Noncontrolling interests 0.94 0.94 0.96 0.98 0.98 0.99 1.02 1.87 1.99 2.08 1.40 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total equity 42.37% 41.54% 42.66% 42.93% 43.54% 44.32% 44.81% 42.84% 45.85% 44.62% 43.36% 12.96% 20.50% 20.36% 24.76% 27.89% 29.22% 26.54% 23.04% 24.69% 25.00%
Total liabilities and equity 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).

A significant structural shift in the balance sheet composition is observed between June 30, 2019, and September 30, 2019. Prior to this period, the capital structure was characterized by high leverage and substantial treasury stock offsets. Following this transition, there is a marked increase in total equity and a corresponding reduction in the relative weight of total liabilities.

Liability Structure and Debt Profile
Total liabilities decreased from a peak of 87.04% in June 2019 to 56.52% in September 2019, subsequently stabilizing between 53% and 58% through March 2022. A primary driver of this change was the reduction in long-term debt, which fell from 69.99% in June 2019 to approximately 27% to 29% for the remainder of the analyzed period.
A new liability category, settlement obligations, emerged in September 2019, consistently representing between 11.57% and 17.90% of total liabilities and equity. This suggests a fundamental change in the company's operational or legal obligations during the third quarter of 2019.
Current Liabilities Analysis
Accounts payable and accrued expenses showed a sharp decline starting in June 2019, moving from a range of 11% to 14% down to a stabilized range of 3.8% to 4.6% from September 2019 onward.
Contract liabilities also experienced a contraction, dropping from a peak of 5.36% in December 2017 to below 1% after September 2019, indicating a shift in the timing or nature of customer prepayments.
Equity Composition and Capitalization
Total equity rose dramatically from 12.96% in June 2019 to 43.36% in September 2019, remaining relatively stable between 40% and 45% thereafter. This expansion was primarily driven by a surge in additional paid-in capital, which increased from 5.38% in June 2019 to over 30% by September 2019.
The relationship between retained earnings and treasury stock underwent a complete reversal. Before September 2019, retained earnings were exceptionally high (often exceeding 100% of total liabilities and equity), but were largely offset by treasury stock holdings that ranged from -79.96% to -91.81%. After September 2019, retained earnings normalized to approximately 15% to 20%, while the negative impact of treasury stock diminished to a range of -3.74% to -8.69%.

The overall trend indicates a transition from a highly leveraged position with aggressive share buybacks to a more balanced capital structure with a stronger equity base and a diversified liability profile. The volatility observed in mid-2019 suggests a major corporate action that fundamentally reset the company's financial ratios.

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