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.

Balance Sheet: Liabilities and Stockholders’ Equity

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

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

US$ in millions

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).

Over the period from 2017 to 2021, the company's financial data reveals several notable trends across its liabilities and equity components.

Liabilities

There is a pronounced increase in total liabilities, which grew substantially from approximately US$7.56 billion in 2017 to around US$44.3 billion in 2021. This surge is primarily driven by marked expansions in several specific categories:

Trade accounts payable
Increased steadily from US$80 million in 2017 to US$593 million in 2021, showing rising operational payable obligations.
Client deposits
Grew consistently from US$481 million to US$783 million, reflecting growing customer deposit balances.
Accrued compensation and benefits
Roughly doubled, increasing from US$198 million to a peak of US$419 million in 2020, slightly declining thereafter to US$392 million in 2021.
Accrued taxes and interest
Accrued taxes began at a low base and increased to US$154 million by 2021, while accrued interest rose sharply from US$35 million in 2018 to over US$220 million in the subsequent years, remaining relatively stable thereafter.
Other accrued expenses
This item showed a substantial increase, moving from US$245 million to US$1.41 billion, suggesting rising miscellaneous accrued obligations.
Accounts payable and accrued expenses
This broad category expanded significantly, escalating from US$1.0 billion to US$3.55 billion, supporting the trends seen in constituent components.
Short-term and current maturities of long-term debt
Experienced a sharp rise, from negligible amounts early on to US$508 million by 2021, indicating growing near-term debt obligations.
Contract liabilities and long-term contract liabilities
Contract liabilities showed fluctuations but increased from US$552 million to US$585 million, while long-term contract liabilities more than quadrupled from US$54 million to US$225 million, signaling enhanced contractual commitments over time.
Settlement obligations
A dramatic escalation occurred here, with amounts exploding from US$379 million in 2017 to over US$13.6 billion in 2021, representing a major contributor to current liabilities increasing from under US$2 billion to US$18.3 billion during the period.
Long-term debt, excluding current maturities
This liability category also surged markedly, rising from US$4.9 billion to over US$20.7 billion, indicating substantial long-term borrowing.
Deferred income taxes
After increasing markedly in 2019 and 2020 to over US$4 billion, this liability slightly declined to US$4.17 billion in 2021.
Other long-term liabilities
Rose significantly from US$117 million to nearly US$941 million in 2019 but declined somewhat in the following years, ending at US$878 million in 2021.
Total liabilities
The overall liabilities grew more than fivefold, indicative of a major leverage increase and expanded obligations across multiple fronts.
Equity

The shareholders’ equity demonstrated notable fluctuations:

Common stock and additional paid-in capital
Common stock remained stable at US$8 million, whereas additional paid-in capital jumped sharply from around US$1 billion to over US$23 billion by 2019, then slightly declined after that, reflecting significant equity transactions or acquisitions during the period.
Accumulated other comprehensive loss
This item deteriorated from a loss of US$54 million to US$745 million, suggesting increasing unrealized losses or adjustments affecting comprehensive income.
Retained earnings
Displayed steady growth from US$10.2 billion to US$14.8 billion, indicating ongoing profitability and earnings retention.
Treasury stock
The treasury stock balance, shown as a negative figure, fluctuated considerably but increased in absolute terms from roughly US$8.5 billion to over US$6 billion, indicating repurchase activity though with variability.
Total shareholders’ equity
The total equity saw a substantial increase up to 2019, peaking at nearly US$33 billion, followed by a modest decline through 2021, ending around US$31 billion. Noncontrolling interests also appeared in later years, contributing modestly to total equity.
Total Liabilities and Equity

The aggregate of liabilities and equity rose significantly from about US$10.3 billion in 2017 to over US$76 billion by 2021, evidencing overall balance sheet expansion driven mainly by increased liabilities coupled with periodic equity changes.

In summary, the financial data indicates robust growth in liabilities, particularly short-term obligations like settlement obligations and accounts payable, as well as considerable increases in long-term debt. Equity growth, although substantial during the earlier years, stabilized and experienced some contraction in later years. The company appears to have increased its leverage considerably while retaining earnings steadily, alongside significant equity transactions impacting additional paid-in capital. The pronounced rise in accrued expenses and other liabilities warrants further review to understand the underlying operational and financial drivers.