Fiserv (FISV) FY2015 results: revenue $5.3 billion, up 3.7% on the year
Fiserv Inc. (FISV) reported revenue of $5.3 billion for fiscal 2015, the year ended 31 December 2015, up 3.7% on the year before. Net income was $712 million, down 5.6%, and diluted earnings per share $1.50. The figures are the company's own, from the 10-K it filed with the SEC on 19 February 2016.
Revenue
$5.3 billion
+3.7% on the year
FY2008FY2015
Operating margin
25.0%
23.9% a year earlier
FY2008FY2015
Net income
$712 million
-5.6% on the year
FY2008FY2015
Diluted EPS
$1.50
+0.3% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
5,254
5,066
4,814
+3.7%
Cost of revenue
2,909
2,881
2,776
+1.0%
Gross profit
2,345
2,185
2,038
+7.3%
Gross margin
44.6%
43.1%
42.3%
Selling, general and administrative
1,034
975
977
+6.1%
Operating income
1,311
1,210
1,061
+8.3%
Operating margin
25.0%
23.9%
22.0%
Interest expense
170
164
163
+3.7%
Pre-tax income
1,057
1,047
898
+1.0%
Income tax
377
384
328
-1.8%
Effective tax rate
35.7%
36.7%
36.5%
Net income
712
754
648
-5.6%
Net margin
13.6%
14.9%
13.5%
Diluted EPS
$1.50
$1.49
$1.22
+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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
1,346
n/a
1,028
Capital expenditure
359
292
236
+22.9%
Free cash flow
987
n/a
792
Free cash flow margin
18.8%
n/a
16.5%
Depreciation and amortisation
417
404
403
+3.2%
Share-based compensation
65.0
49.0
46.0
+32.7%
Buybacks
1,522
1,148
578
+32.6%
Diluted shares, weighted
476m
505m
532m
-5.8%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
2,660
3,295
3,585
-19.3%
Debt
4,288
3,790
3,848
+13.1%
Other liabilities
2,392
2,223
2,033
+7.6%
Total liabilities and equity
9,340
9,308
9,466
+0.3%
Fixed assets
396
317
266
+24.9%
Goodwill
5,200
5,209
5,216
-0.2%
Intangible assets
1,872
2,003
2,142
-6.5%
Cash and equivalents
n/a
n/a
400
Receivables
802
798
751
+0.5%
Other assets
1,070
981
691
+9.1%
Total assets
9,340
9,308
9,466
+0.3%
10-K for the year ended 31 December 2015, filed 19 February 2016: the filing.