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.
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- Income Statement
- Analysis of Solvency Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Enterprise Value (EV)
- Price to FCFE (P/FCFE)
- Net Profit Margin since 2005
- Operating Profit Margin since 2005
- Debt to Equity since 2005
- Price to Earnings (P/E) since 2005
- Price to Operating Profit (P/OP) since 2005
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Fiserv Inc., consolidated balance sheet: assets
US$ in millions
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).
- Cash and cash equivalents
- The cash and cash equivalents balance increased from 325 million USD in 2017 to 906 million USD in 2020, showing a significant growth trend. However, in 2021, there was a slight decline to 835 million USD, indicating a minor reduction after a period of expansion.
- Trade accounts receivable, net
- This item exhibited a marked increase over the period. Starting at 997 million USD in 2017, it rose steadily to 2,860 million USD by 2021, despite a drop in 2020 compared to 2019. This suggests growing credit sales or extended collection periods.
- Prepaid expenses and other current assets
- There was a pronounced jump from 218 million USD in 2017 to 1,503 million USD in 2019, followed by slight fluctuations in subsequent years, reaching 1,523 million USD in 2021. The variability suggests changes in advance payments or timing differences in expense recognition.
- Settlement assets
- Settlement assets expanded substantially from 385 million USD in 2017 to 13,652 million USD in 2021. The most significant increase occurred between 2018 and 2019. This considerable growth indicates an increased volume or complexity of settlement-related transactions within the balance sheet.
- Assets held for sale
- Recorded only in 2017 at 50 million USD with no subsequent values, indicating a one-time or completed disposal event during that year.
- Current assets
- Current assets surged sharply from 1,975 million USD in 2017 to a peak of 17,046 million USD in 2019. This was followed by a slight decline in 2020 and a recovery in 2021. The pronounced increase in 2019 aligns with spikes in receivables, prepaid expenses, and settlement assets, reflecting significant shifts in short-term asset composition.
- Property and equipment, net
- The net property and equipment balance grew steadily from 390 million USD in 2017 to 1,742 million USD in 2021, illustrating ongoing investment in fixed assets over the years.
- Customer relationships, net
- Customer relationships displayed a strong upward trend through 2019, rising from 1,125 million USD in 2017 to 14,042 million USD, followed by declines in 2020 and 2021. This pattern may reflect acquisitions or revaluations peaking in 2019, with amortization or disposals subsequently reducing the balance.
- Other intangible assets, net
- Other intangible assets gradually increased over the period, from 757 million USD in 2017 to 4,018 million USD in 2021, indicating ongoing capitalizations or revaluations within intangible asset categories apart from customer relationships.
- Intangible assets, net
- Total net intangible assets, combining customer relationships and other intangibles, rose through 2019 from 1,882 million USD in 2017 to 17,642 million USD, then declined to 14,009 million USD by 2021. The peak in 2019 followed by decreases suggests significant acquisitions or asset recognition before 2019 with subsequent amortization or write-downs.
- Goodwill
- Goodwill remained relatively stable, increasing moderately from 5,590 million USD in 2017 to about 36,433 million USD in 2021, with a major jump happening between 2018 and 2019. The substantial increase suggests acquisitions or business combinations executed during this period contributing to goodwill.
- Contract costs, net
- Contract costs climbed steadily, from 84 million USD in 2017 to 811 million USD in 2021, reflecting growing capitalized contract expenditures as part of the asset base.
- Investments in unconsolidated affiliates
- Values for investments in unconsolidated affiliates appeared from 2018 onward, rising from 65 million USD to a peak of 2,756 million USD in 2020, followed by a small decline in 2021. This indicates increasing strategic investments or partnerships over the recent periods.
- Other long-term assets
- Other long-term assets followed a general upward trend, increasing from 368 million USD in 2017 to 1,823 million USD in 2021 after some fluctuations, suggesting accumulation of miscellaneous long-term resources or deferred charges.
- Long-term assets
- Long-term assets as a whole increased significantly between 2017 and 2019, from 8,314 million USD to 60,493 million USD, then decreased gradually to 57,379 million USD by 2021. This pattern aligns with major asset acquisitions or capitalizations peaking in 2019, with subsequent amortizations or disposals.
- Total assets
- Total assets experienced a considerable increase from 10,289 million USD in 2017 to a high of 77,539 million USD in 2019, followed by a slight diminishing trend to 76,249 million USD in 2021. The expansion primarily reflects substantial growth in current and long-term assets around 2019, with stabilization afterward.