Fiserv (FISV) FY2011 results: revenue $4.3 billion, up 3.8% on the year
Fiserv Inc. (FISV) reported revenue of $4.3 billion for fiscal 2011, the year ended 31 December 2011, up 3.8% on the year before. Net income was $472 million, down 4.8%, and diluted earnings per share $0.82. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2012.
Revenue
$4.3 billion
+3.8% on the year
FY2007FY2011
Operating margin
23.1%
24.4% a year earlier
FY2007FY2011
Net income
$472 million
-4.8% on the year
FY2007FY2011
Diluted EPS
$0.82
+0.3% on the year
FY2007FY2011
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Revenue
4,289
4,133
4,077
+3.8%
Cost of revenue
2,504
2,386
2,380
+4.9%
Gross profit
1,785
1,747
1,697
+2.2%
Gross margin
41.6%
42.3%
41.6%
Selling, general and administrative
795
740
751
+7.4%
Operating income
990
1,007
946
-1.7%
Operating margin
23.1%
24.4%
23.2%
Interest expense
188
198
220
-5.1%
Pre-tax income
723
793
734
-8.8%
Income tax
254
301
273
-15.6%
Effective tax rate
35.1%
38.0%
37.2%
Net income
472
496
476
-4.8%
Net margin
11.0%
12.0%
11.7%
Diluted EPS
$0.82
$0.82
$0.77
+0.3%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Operating cash flow
936
972
844
-3.7%
Capital expenditure
190
175
198
+8.6%
Free cash flow
746
797
646
-6.4%
Free cash flow margin
17.4%
19.3%
15.8%
Depreciation and amortisation
345
339
333
+1.8%
Share-based compensation
39.0
39.0
36.0
0.0%
Buybacks
533
413
175
+29.1%
Diluted shares, weighted
577m
607m
622m
-4.9%
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
3,258
3,229
3,026
+0.9%
Deposits
114
63.0
39.0
+81.0%
Debt
3,395
3,356
3,641
+1.2%
Other liabilities
1,781
1,633
1,672
+9.1%
Total liabilities and equity
8,548
8,281
8,378
+3.2%
Fixed assets
258
267
293
-3.4%
Goodwill
4,706
4,377
4,371
+7.5%
Intangible assets
1,881
1,879
2,006
+0.1%
Cash and equivalents
337
563
363
-40.1%
Receivables
666
572
554
+16.4%
Other assets
700
623
791
+12.4%
Total assets
8,548
8,281
8,378
+3.2%
10-K for the year ended 31 December 2011, filed 24 February 2012: the filing.