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

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.

Assets: Selected Items

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Current Assets: Selected Items

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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)

The balance sheet exhibits a profound structural transformation occurring between June 30, 2019, and September 30, 2019, characterized by a massive expansion of the total asset base. Total assets grew from 11.68 billion USD in March 2019 to 77.86 billion USD by September 2019, representing a nearly seven-fold increase. Following this surge, the total asset value remained relatively stable, fluctuating between 72.37 billion USD and 76.25 billion USD through March 31, 2022.

Current Asset Composition and Liquidity: Current assets expanded from a range of 1.6 billion USD to 2.3 billion USD (2017-2018) to a plateau between 12.9 billion USD and 18.8 billion USD post-2019. A primary driver of this increase was the introduction of settlement assets in September 2019, which became a dominant component of current assets, fluctuating between 8.4 billion USD and 13.6 billion USD. Trade accounts receivable also showed a sustained upward trend, increasing from 861 million USD in March 2017 to 2.91 billion USD by March 2022. Cash and cash equivalents remained relatively low and stable around 800 million to 900 million USD for most of the period, despite a temporary spike to 8.44 billion USD in June 2019.
Intangible Assets and Goodwill: The most significant growth occurred within long-term intangible assets. Goodwill increased sharply from approximately 5.7 billion USD in early 2019 to over 35.5 billion USD by September 2019, remaining consistently above 36 billion USD through March 2022. Customer relationships, which were not present in the data prior to September 2019, were recorded at 14.54 billion USD and exhibited a steady downward trend due to amortization, declining to 9.48 billion USD by March 2022. Other intangible assets also grew, rising from 1.84 billion USD in 2017 to nearly 4 billion USD by 2022.
Fixed and Other Long-Term Assets: Property and equipment, net, remained stable at approximately 400 million USD until September 2019, at which point it jumped to 1.64 billion USD and maintained that level through the end of the period. Contract costs, net, showed a gradual and consistent quarterly increase from 84 million USD in December 2017 to 840 million USD in March 2022. Investments in unconsolidated affiliates appeared in September 2019 at 2.62 billion USD and remained relatively stable, ending the period at 2.58 billion USD.
Asset Base Evolution: The shift in the asset profile indicates a transition from a lean asset base to one heavily weighted toward intangible assets and settlement-related current assets. By March 31, 2022, goodwill and intangible assets constituted the vast majority of the total asset value, while the growth in trade receivables and contract costs suggests an expansion in operational scale and client acquisition costs.

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Fiserv Inc. (NASDAQ:FISV)

Balance Sheet: AssetsQuarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data