$FI
Fiserv Inc

2013 Q1 Form 10-Q Financial Statement

#000119312513192051 Filed on May 01, 2013

View on sec.gov

Income Statement

Concept 2013 Q1 2012 Q4 2012 Q1
Revenue $1.152B $1.145B $1.097B
YoY Change 5.01% -1.38% 4.68%
Cost Of Revenue $522.0M $485.0M $494.0M
YoY Change 5.67% -2.61% 4.22%
Gross Profit $630.0M $660.0M $603.0M
YoY Change 4.48% -0.45% 5.05%
Gross Profit Margin 54.69% 57.64% 54.97%
Selling, General & Admin $229.0M $209.0M $205.0M
YoY Change 11.71% -3.69% 0.99%
% of Gross Profit 36.35% 31.67% 34.0%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $97.00M $88.00M $87.00M
YoY Change 11.49% -2.22% 2.35%
% of Gross Profit 15.4% 13.33% 14.43%
Operating Expenses $229.0M $209.0M $205.0M
YoY Change 11.71% -3.69% 0.99%
Operating Profit $211.0M $287.0M $239.0M
YoY Change -11.72% 2.14% 8.14%
Interest Expense $41.00M -$38.00M $43.00M
YoY Change -4.65% -13.64% -195.56%
% of Operating Profit 19.43% -13.24% 17.99%
Other Income/Expense, Net
YoY Change
Pretax Income $170.0M $249.0M $196.0M
YoY Change -13.27% 5.06% 11.36%
Income Tax $58.00M $93.00M $67.00M
% Of Pretax Income 34.12% 37.35% 34.18%
Net Earnings $117.0M $179.0M $132.0M
YoY Change -11.36% 25.17% 17.86%
Net Earnings / Revenue 10.16% 15.63% 12.03%
Basic Earnings Per Share $0.44 $0.95
Diluted Earnings Per Share $0.43 $331.4K $0.94
COMMON SHARES
Basic Shares Outstanding 266.8M shares 133.5M shares 138.7M shares
Diluted Shares Outstanding 270.3M shares 140.5M shares

Balance Sheet

Concept 2013 Q1 2012 Q4 2012 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $356.0M $358.0M $311.0M
YoY Change 14.47% 6.23% -39.85%
Cash & Equivalents $356.0M $358.0M $311.0M
Short-Term Investments
Other Short-Term Assets $364.0M $349.0M $355.0M
YoY Change 2.54% 12.94% 17.94%
Inventory
Prepaid Expenses $97.00M
Receivables $674.0M $661.0M $650.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.453B $1.443B $1.316B
YoY Change 10.41% 6.42% -2.23%
LONG-TERM ASSETS
Property, Plant & Equipment $258.0M $248.0M $260.0M
YoY Change -0.77% -3.88% -5.8%
Goodwill $5.231B $4.705B
YoY Change -0.02%
Intangibles $2.252B $1.744B
YoY Change -7.28%
Long-Term Investments $78.00M
YoY Change -34.45%
Other Assets $369.0M $357.0M $336.0M
YoY Change 9.82% 7.21% -4.55%
Total Long-Term Assets $8.110B $7.054B $7.168B
YoY Change 13.14% -1.92% 3.72%
TOTAL ASSETS
Total Short-Term Assets $1.453B $1.443B $1.316B
Total Long-Term Assets $8.110B $7.054B $7.168B
Total Assets $9.563B $8.497B $8.484B
YoY Change 12.72% -0.6% 2.75%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $95.00M $97.00M $85.00M
YoY Change 11.76% 1.04% -85.69%
Accrued Expenses $521.0M $477.0M $518.0M
YoY Change 0.58% -9.66%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.000M $2.000M $178.0M
YoY Change -98.88% -98.88% 5833.33%
Total Short-Term Liabilities $1.190B $1.105B $1.353B
YoY Change -12.05% -20.16% 43.02%
LONG-TERM LIABILITIES
Long-Term Debt $4.047B $3.228B $3.218B
YoY Change 25.76% 0.37% -4.0%
Other Long-Term Liabilities $118.0M $109.0M $78.00M
YoY Change 51.28% 49.32% -54.91%
Total Long-Term Liabilities $4.165B $3.337B $3.296B
YoY Change 26.37% 1.46% -6.5%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.190B $1.105B $1.353B
Total Long-Term Liabilities $4.165B $3.337B $3.296B
Total Liabilities $6.066B $5.080B $5.269B
YoY Change 15.13% -3.97% 2.93%
SHAREHOLDERS EQUITY
Retained Earnings $6.067B $5.950B
YoY Change 11.44%
Common Stock $2.000M $4.000M
YoY Change 100.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.319B $3.279B
YoY Change 17.86%
Treasury Stock Shares 64.70M shares 128.8M shares
Shareholders Equity $3.497B $3.417B $3.215B
YoY Change
Total Liabilities & Shareholders Equity $9.563B $8.497B $8.484B
YoY Change 12.72% -0.6% 2.75%

Cashflow Statement

Concept 2013 Q1 2012 Q4 2012 Q1
OPERATING ACTIVITIES
Net Income $117.0M $179.0M $132.0M
YoY Change -11.36% 25.17% 17.86%
Depreciation, Depletion And Amortization $97.00M $88.00M $87.00M
YoY Change 11.49% -2.22% 2.35%
Cash From Operating Activities $225.0M $321.0M $236.0M
YoY Change -4.66% 22.05% -16.61%
INVESTING ACTIVITIES
Capital Expenditures $58.00M -$48.00M $58.00M
YoY Change 0.0% 0.0% -203.57%
Acquisitions $16.00M
YoY Change
Other Investing Activities $19.00M $33.00M $0.00
YoY Change -100.0%
Cash From Investing Activities -$39.00M -$15.00M -$58.00M
YoY Change -32.76% -68.75% -47.75%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $67.00M $243.0M
YoY Change -72.43%
Debt Paid & Issued, Net $1.149B
YoY Change
Cash From Financing Activities -188.0M -255.0M -204.0M
YoY Change -7.84% 60.38% -6.42%
NET CHANGE
Cash From Operating Activities 225.0M 321.0M 236.0M
Cash From Investing Activities -39.00M -15.00M -58.00M
Cash From Financing Activities -188.0M -255.0M -204.0M
Net Change In Cash -2.000M 51.00M -26.00M
YoY Change -92.31% -8.93% -43.48%
FREE CASH FLOW
Cash From Operating Activities $225.0M $321.0M $236.0M
Capital Expenditures $58.00M -$48.00M $58.00M
Free Cash Flow $167.0M $369.0M $178.0M
YoY Change -6.18% 18.65% -47.49%

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