Stock Analysis on Net
Stock Analysis on Net

Fiserv Inc. (NASDAQ:FISV)

$22.49

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

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Fiserv Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Trade accounts payable
Client deposits
Accrued compensation and benefits
Accrued taxes
Accrued interest
Other accrued expenses
Accounts payable and accrued expenses
Short-term and current maturities of long-term debt
Contract liabilities
Settlement obligations
Current liabilities
Long-term debt, excluding current maturities
Deferred income taxes
Long-term contract liabilities
Other long-term liabilities
Long-term liabilities
Total liabilities
Redeemable noncontrolling interests
Preferred stock, no par value; none issued
Common stock, $0.01 par value
Additional paid-in capital
Accumulated other comprehensive loss
Retained earnings
Treasury stock, at cost
Total Fiserv, Inc. shareholders’ equity
Noncontrolling interests
Total equity
Total liabilities and equity

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).

Trade accounts payable
Fluctuated moderately over the period, starting at 0.78% in 2017, peaking at 1.13% in 2018, dropping significantly in 2019 to 0.51%, and returning to 0.78% by 2021, indicating variable short-term obligations management.
Client deposits
Started at 4.67% in 2017, showed a slight increase to 5.01% in 2018, then declined sharply to below 1% from 2019 onward, suggesting a considerable reduction in client holdback or deposit base relative to total liabilities and equity.
Accrued compensation and benefits
Displayed a declining trend from 1.92% in 2017 to below 0.6% post-2018, reflecting either improved payroll timing or cost control measures impacting accrued liabilities.
Accrued taxes and accrued interest
Both metrics remained relatively stable but marginal. Accrued taxes slightly increased from 0.16% in 2018 to 0.20% in 2021, while accrued interest remained near 0.3% throughout the observed years, indicating steady obligations in these areas.
Other accrued expenses
Decreased from 2.38% in 2017 to 1.68% in 2019, then showed a gradual rise back up to 1.85% by 2021 suggesting fluctuating operational costs captured as accrued expenses.
Accounts payable and accrued expenses
Saw a noticeable drop from above 9.7% in 2017-2018 to under 5% from 2019 onwards, pointing to tighter control or reduced outstanding payables and accruals relative to the total capital base.
Short-term and current maturities of long-term debt
Marked a consistent increase from near-zero levels in 2017 (0.03%) to 0.67% in 2021, indicating growing short-term debt obligations approaching maturity within the total capital structure.
Contract liabilities
Declined sharply from 5.36% in 2017 to under 1% from 2019, maintaining a low level around 0.7% thereafter, reflecting a diminished balance in deferred revenue or customer advances.
Settlement obligations
Exhibited a strong upward trend, starting at 3.68% in 2017 and rising steadily to 17.9% in 2021, suggesting a significant buildup of obligations related to settlements, possibly tied to business transactions or legal matters.
Current liabilities
Remained somewhat stable between 17.85% and 23.99%, with a slight upward movement toward 2021, indicating consistent short-term financial obligations relative to total capital.
Long-term debt, excluding current maturities
Experienced a steep decline from a high of 52.88% in 2018 down to roughly 27.2% by 2019 and maintained that level through 2021, illustrating a marked reduction in long-term leverage within the capital structure.
Deferred income taxes
Fluctuated mildly, peaking at 6.62% in 2018 before settling near 5.5% thereafter, indicating relatively stable deferred tax liabilities.
Long-term contract liabilities
Relatively minor proportion fluctuating around 0.2% to 0.3%, showing a low level of deferred liabilities associated with long-term contracts.
Other long-term liabilities
Remained stable in the range 1.04% to 1.51%, suggesting consistent minor obligations under long-term liabilities aside from debt.
Long-term liabilities
Decreased significantly from 61.79% in 2018 to about 34% from 2019 onwards, mirroring the reduction in long-term debt and contract liabilities, indicating a notable deleveraging trend.
Total liabilities
Dropped markedly from nearly 80% in 2018 to roughly 55% in 2019 and remained in the mid-to-high 50s through 2021, reflecting a structural shift with less reliance on liabilities relative to equity.
Redeemable noncontrolling interests
Introduced in 2019 and remained steady around 0.35%, representing a small portion of liabilities and equity.
Common stock
Minor component fluctuating near zero, indicating a stable nominal representation of par value in equity.
Additional paid-in capital
Rose substantially from about 10% in 2017 to over 30% in 2019 and maintained that level, suggesting significant capital contributions or equity issuance activities during 2019.
Accumulated other comprehensive loss
Remained a modest negative component, oscillating between -0.23% and -0.98%, indicating marginal unrealized losses affecting equity.
Retained earnings
Displayed a pronounced decrease from over 100% in 2017-2018 to around 16-19% in subsequent years, reflecting adjustments possibly related to share repurchases or accounting changes impacting retained earnings balances.
Treasury stock
Exhibited a substantial change from large negative proportions near -90% in 2018 to much less negative values under -10% after 2019, indicating significant repurchase and retirement of shares, affecting equity valuation.
Total shareholders’ equity
Increased from 20.36% in 2018 to above 40% in 2019 and beyond, demonstrating a strengthening equity base likely driven by capital inflows and reduced liabilities.
Noncontrolling interests
Appeared in 2019 at 2.08%, then declined to under 1% by 2021, representing a minor but decreasing portion of total equity and liabilities.
Total equity
Mirrored the trends in shareholders’ equity, rising sharply in 2019 and stabilizing around 41-44%, confirming a structural shift toward greater equity financing.
Overall capital structure
Displayed a transformation from a high liability-heavy structure near 80% liabilities and 20% equity in 2018 to a more balanced mix near 58% liabilities and 42% equity in 2021, signifying a strategy of deleveraging and equity strengthening over the observed period.