Fiserv (FISV) FY2021 results: revenue $16.2 billion, up 9.3% on the year
Fiserv Inc. (FISV) reported revenue of $16.2 billion for fiscal 2021, the year ended 31 December 2021, up 9.3% on the year before. Net income was $1.3 billion, up 39.2%, and diluted earnings per share $1.99. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2023.
Revenue
$16.2 billion
+9.3% on the year
FY2014FY2021
Operating margin
14.1%
12.5% a year earlier
FY2014FY2021
Net income
$1.3 billion
+39.2% on the year
FY2014FY2021
Diluted EPS
$1.99
+42.1% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
4,034
4,147
2,795
-2.7%
Capital expenditure
1,160
900
721
+28.9%
Free cash flow
2,874
3,247
2,074
-11.5%
Free cash flow margin
17.7%
21.9%
20.4%
Cash from investing
-1,630
-341
-15,680
Cash from financing
-1,741
-3,431
14,373
Depreciation and amortisation
3,248
3,257
1,778
-0.3%
Share-based compensation
239
369
229
-35.2%
Diluted shares, weighted
672m
683m
523m
-1.7%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
30,952
32,330
32,979
-4.3%
Non-controlling interest
720
740
1,616
-2.7%
Redeemable equity
278
259
262
+7.3%
Debt
21,237
20,684
21,899
+2.7%
Operating lease liabilities
615
471
603
+30.6%
Finance lease liabilities
313
271
144
+15.5%
Other liabilities
22,134
19,864
20,036
+11.4%
Total liabilities and equity
76,249
74,619
77,539
+2.2%
Fixed assets
1,742
1,628
1,606
+7.0%
Goodwill
36,433
36,322
36,038
+0.3%
Intangible assets
14,009
15,358
17,642
-8.8%
Cash and equivalents
835
906
893
-7.8%
Receivables
2,860
2,482
2,782
+15.2%
Other assets
20,370
17,923
18,578
+13.7%
Total assets
76,249
74,619
77,539
+2.2%
10-K for the year ended 31 December 2021, filed 23 February 2023: the filing.