FISERV, INC. FISV Income Statement

Fiserv, inc. (FISV)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09	Sep'08	Jun'08
Revenue:
Revenue
3,769	4,045	3,128	1,512	1,502	1,551	1,412	1,420	1,440	1,516	1,400	1,386	1,394	1,431	1,380	1,363	1,331	1,368	1,313	1,298	1,275	1,316	1,263	1,253	1,234	1,263	1,201	1,198	1,152	1,145	1,107	1,087	1,097	1,113	1,063	1,065	1,048	1,078	1,025	1,022	1,008	1,062	992	1,000	1,023	1,038	1,292
Expenses:
Selling, general and administrative
1,404	1,463	1,137	343	341	298	305	320	305	313	284	276	277	295	274	274	258	276	258	262	238	247	243	243	242	266	237	245	229	209	206	204	205	213	189	190	203	198	185	185	172	195	182	176	198	199	216
Gain (Loss) on Disposition of Business
431	5	0	0	10	0	-2	-3	232	0	0	10	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total expenses
3,140	3,567	2,754	1,128	1,129	1,120	1,056	1,062	832	1,091	1,030	1,014	1,029	1,056	1,011	1,001	992	1,039	971	972	961	999	948	946	963	966	921	925	941	858	842	830	858	838	820	814	827	811	774	771	770	806	761	766	798	821	1,065
Operating income
629	478	374	384	373	431	356	358	608	425	370	372	365	375	369	362	339	329	342	326	314	317	315	307	271	297	280	273	211	287	265	257	239	275	243	251	221	267	251	251	238	256	231	234	225	217	227
Interest expense, net
-187	-316	-164	64	-57	-234	-45	45	45	-306	45	44	42	42	41	40	40	39	41	49	41	41	41	41	41	40	41	41	41	39	48	44	43	139	45	49	-45	338	-49	-46	-45	381	-52	-55	-54	-57	-61
Debt financing activities
0	0	-49	37	59	6	8	0	0	-	0	-	-	-	-	-	-	-	0	-85	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-24	-61	-	-	-	-	-	-	-	-	-	-	-
Other income
20	-12	-3	8	1	1	1	3	0	-	0	2	-	0	0	0	-7	0	0	0	1	-	0	1	-	-	-	-	-	-	-	6	-	-	-	1	-	-	-	-	-	-	-	-	-	-	-
Loss on sale of businesses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	19	-
Income before income taxes and loss from investments in unconsolidated affiliates
462	278	256	291	258	372	304	316	563	380	325	330	323	333	328	322	292	290	301	192	274	276	274	267	230	257	239	232	170	249	217	219	196	231	174	142	176	193	202	205	193	205	179	179	171	179	166
Income tax provision
79	54	53	60	31	88	78	72	140	-151	98	109	102	119	114	110	149	98	117	66	96	97	120	101	66	110	79	81	58	93	80	60	67	86	55	49	64	77	73	78	73	79	60	68	66	107	64
Income (Loss) from Equity Method Investments
-6	17	22	-8	-2	2	1	7	0	1	5	0	26	1	0	0	146	-3	34	1	0	2	85	0	4	73	1	1	5	2	3	3	3	4	8	4	2	3	5	3	3	2	5	4	1	3	0
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	215	214	212	289	189	218	127	178	181	239	166	168	220	161	152	117	158	140	162	132	149	127	97	114	119	134	130	123	128	124	115	106	75	102
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	1	-2	-1	0	21	-1	-1	0	-6	0	-7	-2	-3	-2	-3	-2	-10	-9	25	-3	3	-2
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
377	-	225	-	225	-	227	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss) Attributable to Noncontrolling Interest
-15	-	27	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to Fiserv, Inc.
392	247	198	223	225	286	227	251	423	546	232	221	247	-	-	-	-	-	-	-	-	181	239	166	168	221	159	151	117	179	139	161	132	143	127	90	112	116	132	127	121	118	115	140	103	78	100
Net income attributable to Fiserv, Inc. per share - basic:
Income (Loss) from Continuing Operations, Per Basic Share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.76	0.96	0.66	0.66	0.85	0.62	0.57	0.44	-1.00	1.04	1.19	0.95	-0.65	0.90	0.68	0.78	0.80	0.90	0.86	0.81	0.84	0.80	0.74	0.68	0.46	0.62
Discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	0.00	0.00	0.00	-0.01	0.00	0.00	0.09	-0.01	-0.01	0.00	0.02	-0.01	-0.05	-0.01	-0.02	-0.02	-0.02	-0.01	-0.07	-0.05	0.16	-0.02	0.02	-0.01
Net income attributable to Fiserv, Inc. per share – basic (in dollars per share)
0.58	0.25	0.34	0.57	0.58	0.74	0.56	0.61	1.02	1.30	0.55	0.52	0.58	-1.12	0.98	0.95	1.30	0.81	0.94	0.54	0.75	0.75	0.96	0.66	0.66	0.85	0.61	0.57	0.44	-0.91	1.03	1.18	0.95	-0.64	0.90	0.63	0.77	0.79	0.88	0.84	0.79	0.77	0.75	0.90	0.66	0.48	0.61
Net income attributable to Fiserv, Inc. per share - diluted:
Income (Loss) from Continuing Operations, Per Diluted Share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.74	0.95	0.65	0.65	0.83	0.61	0.57	0.43	-0.99	1.03	1.17	0.94	-0.64	0.89	0.67	0.77	0.80	0.89	0.85	0.80	0.83	0.79	0.74	0.68	0.46	0.62
Discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	0.00	0.00	0.00	-0.01	0.00	0.00	0.09	-0.01	-0.01	0.00	0.02	-0.01	-0.05	-0.01	-0.02	-0.02	-0.02	-0.01	-0.07	-0.05	0.16	-0.02	0.02	-0.01
Net income attributable to Fiserv, Inc. per share – diluted (in dollars per share)
0.57	0.26	0.33	0.56	0.56	0.72	0.55	0.60	1.00	1.28	0.54	0.51	0.56	-1.09	0.96	0.94	1.27	0.81	0.92	0.53	0.73	0.73	0.95	0.65	0.65	0.85	0.60	0.56	0.43	-0.91	1.02	1.17	0.94	-0.63	0.89	0.62	0.76	0.78	0.87	0.83	0.79	0.76	0.74	0.90	0.66	0.48	0.60
Earnings Per Share [Abstract]
Basic (in shares)
678	680	584	392	391	396	403	408	413	416	420	423	429	1,097	219	222	223	227	232	236	238	243	247	249	254	257	259	265	266	676	134	136	138	710	141	142	145	148	149	151	152	153	153	155	155	162	163
Diluted (in shares)
691	694	596	399	399	404	412	416	421	425	429	432	438	1,115	222	225	227	231	237	240	243	247	251	253	258	261	263	268	270	685	136	137	140	719	142	144	147	149	150	152	153	154	155	155	156	163	164
Processing and services
Revenue
3,075	3,344	2,608	1,328	1,293	1,307	1,223	1,207	1,238	1,270	1,199	1,186	1,178	1,184	1,160	1,159	1,122	1,110	1,125	1,109	1,067	1,078	1,063	1,051	1,027	1,038	1,016	1,015	966	939	922	904	898	867	882	884	862	870	858	856	831	844	826	828	831	832	947
Cost of goods sold and services
1,635	1,571	1,204	617	624	628	568	560	568	576	572	573	570	561	551	547	553	553	541	542	542	554	537	532	541	516	520	523	522	485	486	471	494	460	490	479	474	473	461	457	462	468	453	465	458	460	553
Product
Revenue
694	701	520	184	209	244	189	213	202	246	201	200	216	247	220	204	209	258	188	189	208	238	200	202	207	225	185	183	186	206	185	183	199	246	181	181	186	208	167	166	177	218	166	172	192	206	345
Cost of goods sold and services
532	538	413	168	174	194	181	179	191	202	174	175	182	200	186	180	181	210	172	168	181	198	168	171	180	184	164	157	190	164	150	155	159	165	141	145	150	140	128	129	136	143	126	125	142	162	296