Balance Sheet: Liabilities and Stockholders’ Equity
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.

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.

Fiserv Inc., consolidated balance sheet: liabilities and stockholders’ equity (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
Accounts payable and accrued expenses	3,327)	3,550)	3,340)	3,364)	3,243)	3,186)	3,044)	2,933)	2,875)	3,080)	2,901)	1,685)	1,718)	1,626)	1,551)	1,302)	1,303)	1,383)	1,306)	1,148)	1,205)
Short-term and current maturities of long-term debt	552)	508)	449)	418)	366)	384)	365)	359)	338)	287)	368)	9)	7)	4)	452)	1)	1)	3)	93)	95)	91)
Contract liabilities	611)	585)	529)	524)	555)	546)	451)	481)	506)	492)	412)	360)	395)	380)	317)	352)	379)	552)	451)	464)	494)
Settlement obligations	13,240)	13,652)	13,244)	12,945)	11,741)	11,521)	9,403)	12,987)	8,400)	11,868)	12,980)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Current liabilities	17,730)	18,295)	17,562)	17,251)	15,905)	15,637)	13,263)	16,760)	12,119)	15,727)	16,661)	2,054)	2,120)	2,010)	2,320)	1,655)	1,683)	1,938)	1,850)	1,707)	1,790)
Long-term debt, excluding current maturities	20,518)	20,729)	20,540)	20,425)	20,838)	20,300)	20,894)	21,515)	21,630)	21,612)	22,123)	13,747)	5,868)	5,955)	4,823)	4,805)	4,603)	4,897)	5,018)	4,646)	4,547)
Deferred income taxes	3,983)	4,172)	4,113)	4,324)	4,289)	4,389)	4,532)	4,481)	4,227)	4,247)	4,110)	713)	745)	745)	715)	692)	693)	552)	815)	773)	767)
Long-term contract liabilities	230)	225)	204)	181)	190)	187)	170)	159)	154)	155)	129)	106)	103)	89)	75)	71)	65)	54)	—)	—)	—)
Other long-term liabilities	867)	878)	764)	802)	773)	777)	824)	892)	922)	941)	989)	474)	446)	170)	154)	145)	152)	117)	166)	168)	168)
Long-term liabilities	25,598)	26,004)	25,621)	25,732)	26,090)	25,653)	26,420)	27,047)	26,933)	26,955)	27,351)	15,040)	7,162)	6,959)	5,767)	5,713)	5,513)	5,620)	5,999)	5,587)	5,482)
Total liabilities	43,328)	44,299)	43,183)	42,983)	41,995)	41,290)	39,683)	43,807)	39,052)	42,682)	44,012)	17,094)	9,282)	8,969)	8,087)	7,368)	7,196)	7,558)	7,849)	7,294)	7,272)
Redeemable noncontrolling interests	164)	278)	260)	261)	259)	259)	260)	258)	259)	262)	92)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Preferred stock, no par value; none issued	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Common stock, $0.01 par value	8)	8)	8)	8)	8)	8)	8)	8)	8)	8)	8)	8)	8)	8)	8)	8)	8)	4)	4)	4)	4)
Additional paid-in capital	22,950)	22,983)	22,974)	22,960)	23,522)	23,643)	23,771)	23,771)	23,693)	23,741)	23,668)	1,056)	1,034)	1,057)	1,045)	1,023)	1,005)	1,035)	1,021)	1,017)	999)
Accumulated other comprehensive loss	(640)	(745)	(649)	(323)	(536)	(387)	(831)	(644)	(811)	(180)	(379)	(193)	(85)	(67)	(79)	(66)	(56)	(54)	(55)	(59)	(67)
Retained earnings	15,515)	14,846)	14,442)	14,014)	13,745)	13,441)	13,141)	12,877)	12,875)	12,528)	12,281)	12,083)	11,860)	11,635)	11,349)	11,122)	10,871)	10,240)	9,694)	9,462)	9,241)
Treasury stock, at cost	(6,561)	(6,140)	(5,179)	(4,866)	(4,888)	(4,375)	(4,397)	(4,429)	(3,922)	(3,118)	(2,909)	(10,408)	(10,423)	(10,340)	(9,662)	(9,237)	(8,857)	(8,494)	(8,314)	(8,033)	(7,753)
Total Fiserv, Inc. shareholders’ equity	31,272)	30,952)	31,596)	31,793)	31,851)	32,330)	31,692)	31,583)	31,843)	32,979)	32,669)	2,546)	2,394)	2,293)	2,661)	2,850)	2,971)	2,731)	2,350)	2,391)	2,424)
Noncontrolling interests	706)	720)	728)	739)	735)	740)	737)	1,445)	1,444)	1,616)	1,091)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Total equity	31,978)	31,672)	32,324)	32,532)	32,586)	33,070)	32,429)	33,028)	33,287)	34,595)	33,760)	2,546)	2,394)	2,293)	2,661)	2,850)	2,971)	2,731)	2,350)	2,391)	2,424)
Total liabilities and equity	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)

Accounts Payable and Accrued Expenses: The accounts payable and accrued expenses generally increased over the observed periods, rising from approximately 1,205 million USD in the first quarter of 2017 to a peak exceeding 3,500 million USD in the first quarter of 2022. There is a notable jump between mid-2019 and the end of that year, suggesting significant growth in short-term obligations during that period.
Short-term and Current Maturities of Long-term Debt: This category remained relatively low and steady in the early years, with occasional spikes such as in the third quarter of 2018 and again at the end of 2019. From 2020 onwards, there is a gradual increase, reaching over 550 million USD in the first quarter of 2022, indicating rising imminent debt maturities.
Contract Liabilities: Contract liabilities display a fluctuating but overall increasing trend, ranging from approximately 450 million USD in early 2017 to around 610 million USD by the first quarter of 2022. These movements suggest ongoing changes in deferred revenues or customer advances.
Settlement Obligations: Data for settlement obligations begins only in late 2019, showing very high initial values exceeding 12,000 million USD, followed by fluctuations with notable decreases and increases over the subsequent quarters, stabilizing near the 13,000 million USD range by early 2022.
Current Liabilities: Current liabilities saw a marked increase from around 1,700 million USD in early 2017 to a dramatic surge to over 16,000 million USD by late 2019. Afterward, these values fluctuated upwards, reaching approximately 18,000 million USD by the beginning of 2022, implying significant expansion in short-term financial obligations, largely influenced by settlement obligations.
Long-term Debt, Excluding Current Maturities: The long-term debt generally increased from roughly 4,500 million USD in early 2017 to a peak exceeding 27,000 million USD in late 2019, after which it declined somewhat, stabilizing around 20,500 million USD by early 2022. This trend indicates substantial borrowing activities culminating towards years-end 2019, followed by deleveraging or refinancing efforts.
Deferred Income Taxes: Deferred income taxes remained relatively stable over the period, with values mostly between 700 and 800 million USD initially, then skyrocketing to over 4,000 million USD in late 2019, followed by gradual decreases and fluctuations around 4,000 million USD thereafter. This reflects significant tax deferral activities or adjustments during the period.
Long-term Contract Liabilities: Long-term contract liabilities data starts in mid-2017 with minor amounts and gradually increase over time, reaching approximately 230 million USD in early 2022, highlighting growth in obligations related to contracts expected to be fulfilled beyond the short term.
Other Long-term Liabilities: These liabilities mostly showed a gradual increase from about 160 million USD in early 2017 to a peak near 1,000 million USD by late 2019, followed by a modest decline and stabilization in the 800 to 900 million USD range. This may point to changes in other non-debt obligations or long-term accruals.
Long-term Liabilities: The aggregated long-term liabilities rose dramatically from approximately 5,500 million USD in early 2017 to a substantial peak above 27,000 million USD in late 2019, then declined slightly to the 25,500 million USD level by early 2022, mirroring patterns observed in long-term debt and related accounts.
Total Liabilities: Total liabilities grew moderately from just over 7,200 million USD in early 2017 to nearly 44,000 million USD in late 2019, mainly driven by spikes in settlement obligations and long-term debt. Following this peak, there was some degree of reduction and stabilization, with total liabilities at approximately 43,300 million USD by the first quarter of 2022.
Redeemable Noncontrolling Interests: This category appears from late 2019, with values fluctuating between about 92 million and 278 million USD, finally declining to 164 million USD by early 2022, indicating minor changes in ownership interests redeemable by minority stakeholders.
Common Stock and Additional Paid-in Capital: Common stock value remained constant at 8 million USD from early 2018 onward. Additional paid-in capital stayed broadly stable after 2019 at around 23,000 million USD, reflecting a steady capital base without significant new equity issuance.
Accumulated Other Comprehensive Loss: Accumulated other comprehensive loss exhibits volatility, with values fluctuating between modest negative amounts in 2017 and early 2018, deepening to losses around -800 million USD intermittently in 2019 through 2021, signaling fluctuating impacts from foreign exchange, pensions, or other comprehensive income components.
Retained Earnings: Retained earnings consistently increased across the period, rising from approximately 9,200 million USD in early 2017 to over 15,500 million USD by early 2022, indicating ongoing profitability and earnings retention.
Treasury Stock, at Cost: Treasury stock grew significantly in cost from about -7,700 million USD in early 2017 to -10,400 million USD by early 2019, then decreased sharply to around -2,900 million USD in late 2019, before gradually increasing again to near -6,500 million USD by early 2022. These movements suggest repurchase and reissuance activities controlling share count and equity composition.
Total Shareholders’ Equity: Total shareholders’ equity increased substantially from approximately 2,400 million USD in early 2017 to nearly 33,700 million USD in late 2019, followed by a modest decline and stabilization around 31,300 million USD by early 2022. The equity fluctuations align with treasury stock activity and retained earnings growth.
Noncontrolling Interests: Noncontrolling interests data begins in late 2019, peaking near 1,600 million USD and then gradually decreasing to around 700 million USD by early 2022, reflecting shifts in minority ownership positions.
Total Equity: Total equity overall followed a similar trend to shareholders' equity, rising from roughly 2,400 million USD in early 2017 to over 34,500 million USD in late 2019, then decreasing modestly to near 32,000 million USD by early 2022.
Total Liabilities and Equity: The total of liabilities and equity more than tripled over the period, starting at approximately 9,700 million USD in early 2017 and reaching above 77,000 million USD by late 2019, before slightly tapering to approximately 75,500 million USD by early 2022. This reflects significant growth in overall financing and capital structure intensity during the timeframe analyzed.

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Fiserv Inc. (NASDAQ:FISV)

Balance Sheet: Liabilities and Stockholders’ Equity Quarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data