Name: Fiserv Inc. (NASDAQ:FISV) | Balance Sheet: Assets
Creator: Stock Analysis on Net

Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Assets: Selected Items

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Current Assets: Selected Items

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Fiserv Inc., consolidated balance sheet: assets

US$ in millions

	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Cash and cash equivalents	835)	906)	893)	415)	325)
Trade accounts receivable, less allowance for doubtful accounts	2,860)	2,482)	2,782)	1,049)	997)
Prepaid expenses and other current assets	1,523)	1,310)	1,503)	274)	218)
Settlement assets	13,652)	11,521)	11,868)	486)	385)
Assets held for sale	—)	—)	—)	—)	50)
Current assets	18,870)	16,219)	17,046)	2,224)	1,975)
Property and equipment, net	1,742)	1,628)	1,606)	398)	390)
Customer relationships, net	9,991)	11,603)	14,042)	1,348)	1,125)
Other intangible assets, net	4,018)	3,755)	3,600)	795)	757)
Intangible assets, net	14,009)	15,358)	17,642)	2,143)	1,882)
Goodwill	36,433)	36,322)	36,038)	5,702)	5,590)
Contract costs, net	811)	692)	533)	419)	84)
Investments in unconsolidated affiliates	2,561)	2,756)	2,720)	65)	—)
Other long-term assets	1,823)	1,644)	1,954)	311)	368)
Long-term assets	57,379)	58,400)	60,493)	9,038)	8,314)
Total assets	76,249)	74,619)	77,539)	11,262)	10,289)

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).

A significant expansion of the balance sheet occurred between December 31, 2018, and December 31, 2019, with total assets increasing from US$ 11,262 million to US$ 77,539 million. This represents a nearly seven-fold increase in total asset value, indicating a major corporate action, such as a large-scale acquisition, during that fiscal period. Following this surge, total assets remained relatively stable, ending 2021 at US$ 76,249 million.

Current Asset Trends: Current assets experienced a dramatic increase in 2019, rising from US$ 2,224 million in 2018 to US$ 17,046 million. This growth was primarily driven by settlement assets, which surged from US$ 486 million to US$ 11,868 million in the same period and reached US$ 13,652 million by 2021. Trade accounts receivable also saw a substantial uptick in 2019, shifting from US$ 1,049 million to US$ 2,782 million, and maintained a level above US$ 2,800 million by the end of 2021.
Intangible Assets and Goodwill: Long-term assets are heavily dominated by goodwill and intangible assets. Goodwill increased from US$ 5,702 million in 2018 to US$ 36,038 million in 2019, remaining the largest single asset component through 2021 at US$ 36,433 million. Customer relationships, net, peaked in 2019 at US$ 14,042 million but showed a consistent downward trend thereafter, declining to US$ 9,991 million by December 31, 2021, likely reflecting scheduled amortization. Conversely, other intangible assets, net, grew steadily from US$ 795 million in 2018 to US$ 4,018 million in 2021.
Liquidity and Other Assets: Cash and cash equivalents grew steadily from US$ 325 million in 2017 to a peak of US$ 906 million in 2020, before slightly decreasing to US$ 835 million in 2021. Investments in unconsolidated affiliates appeared in 2018 at US$ 65 million and spiked to US$ 2,720 million in 2019, stabilizing around US$ 2,561 million by 2021. Property and equipment, net, followed the general expansion trend, rising from US$ 398 million in 2018 to US$ 1,742 million in 2021.

The overall asset structure shifted from a relatively lean profile prior to 2019 to one characterized by massive intangible valuations and high settlement asset volumes. The stability of total assets from 2019 through 2021 suggests a period of integration and operational stabilization following the initial asset surge.

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