Balance Sheet: Assets
Quarterly Data

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.

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

US$ in millions

	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	863)	835)	933)	841)	831)	906)	937)	869)	896)	893)	1,028)	8,441)	452)	415)	673)	348)	382)	325)	325)	299)	308)
Trade accounts receivable, less allowance for doubtful accounts	2,911)	2,860)	2,793)	2,663)	2,617)	2,482)	2,323)	2,512)	2,582)	2,782)	2,653)	989)	1,044)	1,049)	949)	932)	878)	997)	898)	845)	861)
Prepaid expenses and other current assets	1,429)	1,523)	1,455)	1,278)	1,251)	1,310)	1,362)	1,114)	1,055)	1,503)	1,330)	779)	779)	760)	716)	524)	508)	603)	647)	488)	446)
Settlement assets	13,240)	13,652)	13,244)	12,945)	11,741)	11,521)	9,403)	12,987)	8,400)	11,868)	12,980)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Assets held for sale	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	50)	—)	—)	—)
Current assets	18,443)	18,870)	18,425)	17,727)	16,440)	16,219)	14,025)	17,482)	12,933)	17,046)	17,991)	10,209)	2,275)	2,224)	2,338)	1,804)	1,768)	1,975)	1,870)	1,632)	1,615)
Property and equipment, net	1,729)	1,742)	1,717)	1,650)	1,646)	1,628)	1,630)	1,688)	1,708)	1,606)	1,639)	418)	409)	398)	385)	374)	375)	390)	385)	396)	400)
Customer relationships, net	9,482)	9,991)	10,347)	10,845)	11,171)	11,603)	11,907)	12,897)	13,327)	14,042)	14,540)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Other intangible assets, net	3,960)	4,018)	3,921)	3,866)	3,824)	3,755)	3,742)	3,739)	3,677)	3,600)	3,197)	2,102)	2,117)	2,143)	1,802)	1,833)	1,855)	1,882)	1,888)	1,807)	1,838)
Intangible assets, net	13,442)	14,009)	14,268)	14,711)	14,995)	15,358)	15,649)	16,636)	17,004)	17,642)	17,737)	2,102)	2,117)	2,143)	1,802)	1,833)	1,855)	1,882)	1,888)	1,807)	1,838)
Goodwill	36,538)	36,433)	36,303)	36,668)	36,380)	36,322)	35,908)	36,088)	35,695)	36,038)	35,517)	5,702)	5,703)	5,702)	5,450)	5,456)	5,454)	5,590)	5,612)	5,435)	5,432)
Contract costs, net	840)	811)	782)	755)	726)	692)	647)	606)	566)	533)	481)	445)	435)	419)	410)	398)	401)	84)	—)	—)	—)
Investments in unconsolidated affiliates	2,579)	2,561)	2,602)	2,590)	3,037)	2,756)	2,772)	2,763)	2,814)	2,720)	2,618)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Other long-term assets	1,899)	1,823)	1,670)	1,675)	1,616)	1,644)	1,741)	1,830)	1,878)	1,954)	1,881)	764)	737)	376)	363)	353)	314)	368)	444)	415)	411)
Long-term assets	57,027)	57,379)	57,342)	58,049)	58,400)	58,400)	58,347)	59,611)	59,665)	60,493)	59,873)	9,431)	9,401)	9,038)	8,410)	8,414)	8,399)	8,314)	8,329)	8,053)	8,081)
Total assets	75,470)	76,249)	75,767)	75,776)	74,840)	74,619)	72,372)	77,093)	72,598)	77,539)	77,864)	19,640)	11,676)	11,262)	10,748)	10,218)	10,167)	10,289)	10,199)	9,685)	9,696)

Cash and Cash Equivalents: The cash and cash equivalents remained relatively stable between 2017 and early 2019, fluctuating between approximately $300 million and $700 million. Beginning in the second quarter of 2019, there was a sharp and significant increase, peaking at over $1 billion. This was followed by a decline and subsequent fluctuations around the $800 to $900 million range through early 2022, indicating an initial influx of liquidity followed by stabilization at elevated levels.
Trade Accounts Receivable, Less Allowance for Doubtful Accounts: This item showed steady growth from approximately $860 million in early 2017 to about $1,049 million by the end of 2018. A notable surge occurred in the latter half of 2019, with receivables reaching around $2.8 billion, followed by some volatility but maintaining an upward trend, culminating at nearly $2.9 billion by the first quarter of 2022. This suggests an expansion in sales or extended credit terms over the period.
Prepaid Expenses and Other Current Assets: Prepaid expenses and other current assets saw moderate increases through 2017 and 2018, rising from approximately $446 million to about $760 million. From 2019 onward, a sharp increase to over $1.5 billion occurred, followed by fluctuations between $1.1 billion and $1.5 billion. This pattern indicates increased upfront payments or accumulated assets that are expected to be consumed within the short term.
Settlement Assets: Settlement assets data begin from late 2019, showing a value close to $13 billion. After an initial decline in early 2020, these assets exhibited growth again, reaching peak levels around $13.6 billion by the end of 2021, before slightly declining in early 2022. This volatility may reflect fluctuations in transactional settlements or clearing processes handled.
Assets Held for Sale: A nominal value is reported only once in 2017, indicating a minor or one-time asset disposal or classification event without any subsequent recurring impact.
Current Assets: Current assets generally increased over time, from about $1.6 billion in early 2017 up to peaks exceeding $18 billion in recent periods. The pronounced jump after mid-2019 aligns with increases in receivables, prepaid expenses, and settlement assets, suggesting growth in operational scale or changes in short-term asset management.
Property and Equipment, Net: This asset category showed steady but slow growth over the entire period, with values rising from around $400 million in 2017 to approximately $1.7 billion by early 2022, indicating ongoing capital investment and asset base expansion.
Customer Relationships, Net: Starting from 2019, customer relationships are recorded and display a declining trend, moving from roughly $14.5 billion down to below $9.5 billion by early 2022. This suggests amortization or impairment of intangible assets related to customer relationships over time.
Other Intangible Assets, Net: These assets remained relatively stable with slight fluctuations around $1.8 billion until 2018, followed by a rise peaking above $4 billion in 2020, and then a modest decline to approximately $4 billion by 2022. This pattern indicates additions and amortizations within the intangible asset portfolio.
Intangible Assets, Net (Aggregate): The aggregate figure follows a similar trend to the constituent parts, remaining stable through 2018 around $1.8 billion, then surging significantly to over $17 billion in late 2019, possibly reflecting acquisitions or reclassifications. Thereafter, a declining trajectory to approximately $13.4 billion by early 2022 indicates amortization or impairments.
Goodwill: Goodwill remained steady from 2017 through early 2019, around $5.4 to $5.7 billion. A sharp increase occurred in late 2019 to over $35 billion, maintaining around this elevated level with minor fluctuations through 2022. This significant step-up implies substantial acquisitions during this period.
Contract Costs, Net: From limited data in 2017, contract costs increased steadily from about $84 million to $840 million by early 2022, reflecting growing investments or capitalized costs related to customer contracts and agreements.
Investments in Unconsolidated Affiliates: Reported starting in late 2019, these investments remain stable with minor fluctuations around $2.5 to $3 billion, indicating consistent stakes in associated entities without major disposals or additions.
Other Long-Term Assets: Other long-term assets grew gradually from just over $400 million in early 2017 to about $1.9 billion by early 2022, signifying modest accumulation of long-term investments or reserves.
Long-Term Assets: Long-term assets remained stable through 2017 and 2018 at approximately $8 billion, followed by a substantial increase at the end of 2019 to nearly $60 billion, maintaining this elevated level with minor variances to early 2022. This mirrors the pattern of goodwill and intangibles, suggesting large-scale asset revaluation or acquisition activity.
Total Assets: Total assets were relatively flat around $9.7 billion from 2017 through early 2019, then surged dramatically to over $77 billion by late 2019. Since then, total assets fluctuated slightly but mostly remained within the $75 billion to $76 billion range through early 2022. This indicates a major expansion phase around late 2019, likely tied to corporate transactions impacting asset size.

Assets: Selected Items

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Current Assets: Selected Items

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Fiserv Inc. (NASDAQ:FISV)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data