Fiserv (FISV) FY2012 results: revenue $4.4 billion, up 3.4% on the year
Fiserv Inc. (FISV) reported revenue of $4.4 billion for fiscal 2012, the year ended 31 December 2012, up 3.4% on the year before. Net income was $611 million, up 29.4%, and diluted earnings per share $1.11. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2013.
Revenue
$4.4 billion
+3.4% on the year
FY2007FY2012
Operating margin
23.6%
23.1% a year earlier
FY2007FY2012
Net income
$611 million
+29.4% on the year
FY2007FY2012
Diluted EPS
$1.11
+35.4% on the year
FY2007FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
4,436
4,289
4,133
+3.4%
Cost of revenue
2,564
2,504
2,386
+2.4%
Gross profit
1,872
1,785
1,747
+4.9%
Gross margin
42.2%
41.6%
42.3%
Selling, general and administrative
824
795
740
+3.6%
Operating income
1,048
990
1,007
+5.9%
Operating margin
23.6%
23.1%
24.4%
Interest expense
174
188
198
-7.4%
Pre-tax income
881
723
793
+21.9%
Income tax
300
254
301
+18.1%
Effective tax rate
34.1%
35.1%
38.0%
Net income
611
472
496
+29.4%
Net margin
13.8%
11.0%
12.0%
Diluted EPS
$1.11
$0.82
$0.82
+35.4%
$ 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
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
865
936
972
-7.6%
Capital expenditure
193
190
175
+1.6%
Free cash flow
672
746
797
-9.9%
Free cash flow margin
15.1%
17.4%
19.3%
Depreciation and amortisation
350
345
339
+1.4%
Share-based compensation
44.0
39.0
39.0
+12.8%
Buybacks
634
533
413
+18.9%
Diluted shares, weighted
550m
577m
607m
-4.6%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
3,417
3,258
3,229
+4.9%
Deposits
n/a
114
63.0
Debt
3,230
3,395
3,356
-4.9%
Other liabilities
1,850
1,781
1,633
+3.9%
Total liabilities and equity
8,497
8,548
8,281
-0.6%
Fixed assets
248
258
267
-3.9%
Goodwill
4,705
4,706
4,377
-0.0%
Intangible assets
1,744
1,881
1,879
-7.3%
Cash and equivalents
358
337
563
+6.2%
Receivables
661
666
572
-0.8%
Other assets
781
700
623
+11.6%
Total assets
8,497
8,548
8,281
-0.6%
10-K for the year ended 31 December 2012, filed 22 February 2013: the filing.