$FI
FISERV INC

2014 Q1 Form 10-Q Financial Statement

#000119312514171890 Filed on April 30, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q1
Revenue $1.234B $1.152B
YoY Change 7.12% 5.01%
Cost Of Revenue $541.0M $522.0M
YoY Change 3.64% 5.67%
Gross Profit $693.0M $630.0M
YoY Change 10.0% 4.48%
Gross Profit Margin 56.16% 54.69%
Selling, General & Admin $242.0M $229.0M
YoY Change 5.68% 11.71%
% of Gross Profit 34.92% 36.35%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $100.0M $97.00M
YoY Change 3.09% 11.49%
% of Gross Profit 14.43% 15.4%
Operating Expenses $242.0M $229.0M
YoY Change 5.68% 11.71%
Operating Profit $271.0M $211.0M
YoY Change 28.44% -11.72%
Interest Expense $41.00M $41.00M
YoY Change 0.0% -4.65%
% of Operating Profit 15.13% 19.43%
Other Income/Expense, Net
YoY Change
Pretax Income $230.0M $170.0M
YoY Change 35.29% -13.27%
Income Tax $66.00M $58.00M
% Of Pretax Income 28.7% 34.12%
Net Earnings $168.0M $117.0M
YoY Change 43.59% -11.36%
Net Earnings / Revenue 13.61% 10.16%
Basic Earnings Per Share $0.66 $0.44
Diluted Earnings Per Share $0.65 $0.43
COMMON SHARES
Basic Shares Outstanding 254.4M shares 266.8M shares
Diluted Shares Outstanding 258.6M shares 270.3M shares

Balance Sheet

Concept 2014 Q1 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $307.0M $356.0M
YoY Change -13.76% 14.47%
Cash & Equivalents $307.0M $356.0M
Short-Term Investments
Other Short-Term Assets $488.0M $364.0M
YoY Change 34.07% 2.54%
Inventory
Prepaid Expenses
Receivables $752.0M $674.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.547B $1.453B
YoY Change 6.47% 10.41%
LONG-TERM ASSETS
Property, Plant & Equipment $284.0M $258.0M
YoY Change 10.08% -0.77%
Goodwill $5.215B $5.231B
YoY Change -0.31%
Intangibles $2.252B
YoY Change
Long-Term Investments $43.00M
YoY Change
Other Assets $326.0M $369.0M
YoY Change -11.65% 9.82%
Total Long-Term Assets $7.926B $8.110B
YoY Change -2.27% 13.14%
TOTAL ASSETS
Total Short-Term Assets $1.547B $1.453B
Total Long-Term Assets $7.926B $8.110B
Total Assets $9.473B $9.563B
YoY Change -0.94% 12.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $61.00M $95.00M
YoY Change -35.79% 11.76%
Accrued Expenses $620.0M $521.0M
YoY Change 19.0% 0.58%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $92.00M $2.000M
YoY Change 4500.0% -98.88%
Total Short-Term Liabilities $1.438B $1.190B
YoY Change 20.84% -12.05%
LONG-TERM LIABILITIES
Long-Term Debt $3.756B $4.047B
YoY Change -7.19% 25.76%
Other Long-Term Liabilities $119.0M $118.0M
YoY Change 0.85% 51.28%
Total Long-Term Liabilities $119.0M $4.165B
YoY Change -97.14% 26.37%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.438B $1.190B
Total Long-Term Liabilities $119.0M $4.165B
Total Liabilities $6.030B $6.066B
YoY Change -0.59% 15.13%
SHAREHOLDERS EQUITY
Retained Earnings $6.766B $6.067B
YoY Change 11.52%
Common Stock $4.000M $2.000M
YoY Change 100.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $4.125B $3.319B
YoY Change 24.28%
Treasury Stock Shares 144.1M shares 64.70M shares
Shareholders Equity $3.443B $3.497B
YoY Change
Total Liabilities & Shareholders Equity $9.473B $9.563B
YoY Change -0.94% 12.72%

Cashflow Statement

Concept 2014 Q1 2013 Q1
OPERATING ACTIVITIES
Net Income $168.0M $117.0M
YoY Change 43.59% -11.36%
Depreciation, Depletion And Amortization $100.0M $97.00M
YoY Change 3.09% 11.49%
Cash From Operating Activities $292.0M $225.0M
YoY Change 29.78% -4.66%
INVESTING ACTIVITIES
Capital Expenditures $70.00M $58.00M
YoY Change 20.69% 0.0%
Acquisitions $16.00M
YoY Change
Other Investing Activities $0.00 $19.00M
YoY Change -100.0%
Cash From Investing Activities -$70.00M -$39.00M
YoY Change 79.49% -32.76%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $335.0M $67.00M
YoY Change 400.0% -72.43%
Debt Paid & Issued, Net $62.00M $1.149B
YoY Change -94.6%
Cash From Financing Activities -315.0M -188.0M
YoY Change 67.55% -7.84%
NET CHANGE
Cash From Operating Activities 292.0M 225.0M
Cash From Investing Activities -70.00M -39.00M
Cash From Financing Activities -315.0M -188.0M
Net Change In Cash -93.00M -2.000M
YoY Change 4550.0% -92.31%
FREE CASH FLOW
Cash From Operating Activities $292.0M $225.0M
Capital Expenditures $70.00M $58.00M
Free Cash Flow $222.0M $167.0M
YoY Change 32.93% -6.18%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2014Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
249228029 shares
CY2013Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-62000000
CY2013Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
356000000
CY2013Q1 us-gaap Disposal Group Including Discontinued Operation Cash And Cash Equivalents
DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents
CY2014Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
395700000 shares
CY2014Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
shares
CY2014Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
900000000 shares
CY2014Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
144100000 shares
CY2014Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2014Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000 shares
CY2014Q1 us-gaap Preferred Stock No Par Value
PreferredStockNoParValue
CY2014Q1 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
31000000
CY2014Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2014Q1 us-gaap Liabilities Current
LiabilitiesCurrent
1438000000
CY2014Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-54000000
CY2014Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
42000000
CY2014Q1 us-gaap Settlement Liabilities Current
SettlementLiabilitiesCurrent
275000000
CY2014Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
233000000
CY2014Q1 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
852000000
CY2014Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
61000000
CY2014Q1 us-gaap Customer Advances And Deposits
CustomerAdvancesAndDeposits
203000000
CY2014Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
119000000
CY2014Q1 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
92000000
CY2014Q1 us-gaap Stockholders Equity
StockholdersEquity
3443000000
CY2014Q1 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
112000000
CY2014Q1 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
884000000
CY2014Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
6766000000
CY2014Q1 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
462000000
CY2014Q1 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
3756000000
CY2014Q1 us-gaap Preferred Stock Value
PreferredStockValue
CY2014Q1 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
4000000000
CY2014Q1 us-gaap Liabilities
Liabilities
6030000000
CY2014Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1545000000
CY2014Q1 us-gaap Common Stock Value
CommonStockValue
4000000
CY2014Q1 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
14000000
CY2014Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
9473000000
CY2014Q1 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
717000000
CY2014Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
326000000
CY2014Q1 us-gaap Goodwill
Goodwill
5215000000
CY2014Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
752000000
CY2014Q1 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
52000000
CY2014Q1 us-gaap Treasury Stock Value
TreasuryStockValue
4125000000
CY2014Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
284000000
CY2014Q1 us-gaap Assets
Assets
9473000000
CY2014Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
307000000
CY2014Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2101000000
CY2014Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
3646000000
CY2014Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
436000000
CY2014Q1 us-gaap Disposal Group Including Discontinued Operation Cash And Cash Equivalents
DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents
CY2014Q1 us-gaap Assets Current
AssetsCurrent
1547000000
CY2014Q1 fisv Consolidating Reporting Other Assets Noncurrent
ConsolidatingReportingOtherAssetsNoncurrent
610000000
CY2014Q1 fisv Consolidating Reporting Other Assets Current
ConsolidatingReportingOtherAssetsCurrent
488000000
CY2014Q1 fisv Consolidating Reporting Other Liabilities Noncurrent
ConsolidatingReportingOtherLiabilitiesNoncurrent
836000000
CY2012Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-60000000
CY2012Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
358000000
CY2012Q4 us-gaap Disposal Group Including Discontinued Operation Cash And Cash Equivalents
DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents
CY2013Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
395700000 shares
CY2013Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
shares
CY2013Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
900000000 shares
CY2013Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
139000000 shares
CY2013Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2013Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000 shares
CY2013Q4 us-gaap Preferred Stock No Par Value
PreferredStockNoParValue
CY2013Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2013Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
222000000
CY2013Q4 us-gaap Liabilities Current
LiabilitiesCurrent
1332000000
CY2013Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
270300000 shares
CY2013Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
3500000 shares
CY2013Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-60000000
CY2013Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
60000000
CY2013Q4 us-gaap Settlement Liabilities Current
SettlementLiabilitiesCurrent
184000000
CY2013Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
150000000
CY2013Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
844000000
CY2013Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
67000000
CY2013Q4 us-gaap Customer Advances And Deposits
CustomerAdvancesAndDeposits
190000000
CY2013Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
127000000
CY2013Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
92000000
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
3585000000
CY2013Q4 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
165000000
CY2013Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
756000000
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
6598000000
CY2013Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
484000000
CY2013Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
3756000000
CY2013Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2013Q4 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
3900000000
CY2013Q4 us-gaap Liabilities
Liabilities
5928000000
CY2013Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1538000000
CY2013Q4 us-gaap Common Stock Value
CommonStockValue
4000000
CY2013Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
9513000000
CY2013Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
713000000
CY2013Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
317000000
CY2013Q4 us-gaap Goodwill
Goodwill
5216000000
CY2013Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
751000000
CY2013Q4 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
55000000
CY2013Q4 us-gaap Treasury Stock Value
TreasuryStockValue
3801000000
CY2013Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
266000000
CY2013Q4 us-gaap Assets
Assets
9513000000
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
400000000
CY2013Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2142000000
CY2013Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
3680000000
CY2013Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
366000000
CY2013Q4 us-gaap Disposal Group Including Discontinued Operation Cash And Cash Equivalents
DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents
CY2013Q4 us-gaap Assets Current
AssetsCurrent
1572000000
CY2013Q4 fisv Consolidating Reporting Other Assets Noncurrent
ConsolidatingReportingOtherAssetsNoncurrent
583000000
CY2013Q4 fisv Consolidating Reporting Other Assets Current
ConsolidatingReportingOtherAssetsCurrent
421000000
CY2013Q4 fisv Consolidating Reporting Other Liabilities Noncurrent
ConsolidatingReportingOtherLiabilitiesNoncurrent
840000000
CY2013Q4 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
2 pure
CY2013Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.44
CY2013Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.43
CY2013Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.342 pure
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
12.58
CY2013Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.44
CY2013Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
500000 shares
CY2013Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
CY2013Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.43
CY2013Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1100000 shares
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1800000 shares
CY2013Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
266800000 shares
CY2013Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
CY2013Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
5000000
CY2013Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
58000000
CY2013Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
11000000
CY2013Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
2000000
CY2013Q1 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
186000000
CY2013Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
CY2013Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
16000000
CY2013Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1149000000
CY2013Q1 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-41000000
CY2013Q1 us-gaap Liabilities Assumed1
LiabilitiesAssumed1
1186000000
CY2013Q1 us-gaap Interest Paid
InterestPaid
23000000
CY2013Q1 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
966000000
CY2013Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
170000000
CY2013Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-5000000
CY2013Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-27000000
CY2013Q1 us-gaap Revenues
Revenues
1152000000
CY2013Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
32000000
CY2013Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
115000000
CY2013Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
5000000
CY2013Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
211000000
CY2013Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
117000000
CY2013Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-5000000
CY2013Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
67000000
CY2013Q1 us-gaap Net Income Loss
NetIncomeLoss
117000000
CY2013Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-2000000
CY2013Q1 us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
35000000
CY2013Q1 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
30000000
CY2013Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-3000000
CY2013Q1 us-gaap Cost Of Goods Sold
CostOfGoodsSold
190000000
CY2013Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-188000000
CY2013Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-7000000
CY2013Q1 us-gaap Costs And Expenses
CostsAndExpenses
941000000
CY2013Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
4000000
CY2013Q1 us-gaap Cost Of Services
CostOfServices
522000000
CY2013Q1 us-gaap Share Based Compensation
ShareBasedCompensation
14000000
CY2013Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-40000000
CY2013Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-74000000
CY2013Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
229000000
CY2013Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
58000000
CY2013Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-3000000
CY2013Q1 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-10000000
CY2013Q1 us-gaap Interest Expense
InterestExpense
41000000
CY2013Q1 us-gaap Net Cash Provided By Used In Discontinued Operations
NetCashProvidedByUsedInDiscontinuedOperations
38000000
CY2013Q1 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
49000000
CY2013Q1 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax
0
CY2013Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
1011000000
CY2013Q1 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
3000000
CY2013Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-4000000
CY2013Q1 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
13000000
CY2013Q1 fisv Net Cash Transactions Transferred To From Continuing Operations
NetCashTransactionsTransferredToFromContinuingOperations
-38000000
CY2013Q1 fisv Amortization Of Acquired Intangible Assets1
AmortizationOfAcquiredIntangibleAssets1
48000000
CY2014Q1 dei Trading Symbol
TradingSymbol
FISV
CY2014Q1 dei Entity Registrant Name
EntityRegistrantName
FISERV INC
CY2014Q1 dei Amendment Flag
AmendmentFlag
false
CY2014Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2014Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
CY2014Q1 dei Document Type
DocumentType
10-Q
CY2014Q1 dei Document Period End Date
DocumentPeriodEndDate
2014-03-31
CY2014Q1 dei Entity Central Index Key
EntityCentralIndexKey
0000798354
CY2014Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2014Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2014Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.66
CY2014Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.65
CY2014Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
258600000 shares
CY2014Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
4200000 shares
CY2014Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
292000000
CY2014Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.285 pure
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
18.77
CY2014Q1 us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> <b>2. Recent Accounting Pronouncement</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt"> In April 2014, the Financial Accounting Standards Board (&#x201C;FASB&#x201D;) issued Accounting Standards Update No.&#xA0;2014-08, <i>Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity</i> (&#x201C;ASU 2014-08&#x201D;). ASU 2014-08 changes the criteria for determining which disposals can be presented as discontinued operations and modifies the related disclosure requirements. Under the amendments in ASU 2014-08, only those disposals that represent a strategic shift that has (or will have) a major effect on the Company&#x2019;s operations and financial results will be reported as discontinued operations in the financial statements. ASU 2014-08 will be effective prospectively for annual and interim periods after December&#xA0;15, 2014, with early adoption permitted.</p> </div>
CY2014Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.66
CY2014Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
500000 shares
CY2014Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
CY2014Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.65
CY2014Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
700000 shares
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1300000 shares
CY2014Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
254400000 shares
CY2014Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
CY2014Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
4000000
CY2014Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
70000000
CY2014Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
12000000
CY2014Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
1000000
CY2014Q1 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
207000000
CY2014Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
CY2014Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
62000000
CY2014Q1 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-41000000
CY2014Q1 us-gaap Interest Paid
InterestPaid
4000000
CY2014Q1 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
1027000000
CY2014Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
230000000
CY2014Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
2000000
CY2014Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1000000
CY2014Q1 us-gaap Revenues
Revenues
1234000000
CY2014Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
3000000
CY2014Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
174000000
CY2014Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
9000000
CY2014Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
271000000
CY2014Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
168000000
CY2014Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
4000000
CY2014Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
335000000
CY2014Q1 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
2000000
CY2014Q1 us-gaap Net Income Loss
NetIncomeLoss
168000000
CY2014Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
6000000
CY2014Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-2000000
CY2014Q1 us-gaap Cost Of Goods Sold
CostOfGoodsSold
180000000
CY2014Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-315000000
CY2014Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1000000
CY2014Q1 us-gaap Costs And Expenses
CostsAndExpenses
963000000
CY2014Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
8000000
CY2014Q1 us-gaap Cost Of Services
CostOfServices
541000000
CY2014Q1 us-gaap Share Based Compensation
ShareBasedCompensation
15000000
CY2014Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-93000000
CY2014Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-70000000
CY2014Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
242000000
CY2014Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
66000000
CY2014Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-2000000
CY2014Q1 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-19000000
CY2014Q1 us-gaap Interest Expense
InterestExpense
41000000
CY2014Q1 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
48000000
CY2014Q1 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax
1000000
CY2014Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
62000000
CY2014Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
44000000
CY2014Q1 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
12000000
CY2014Q1 fisv Treasury Stock Purchases Settled After Balance Sheet Date
TreasuryStockPurchasesSettledAfterBalanceSheetDate
25000000
CY2014Q1 fisv Amortization Of Acquired Intangible Assets1
AmortizationOfAcquiredIntangibleAssets1
52000000

Files In Submission

Name View Source Status
0001193125-14-171890-index-headers.html Edgar Link pending
0001193125-14-171890-index.html Edgar Link pending
0001193125-14-171890.txt Edgar Link pending
0001193125-14-171890-xbrl.zip Edgar Link pending
d689420d10q.htm Edgar Link pending
d689420dex311.htm Edgar Link pending
d689420dex312.htm Edgar Link pending
d689420dex32.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
fisv-20140331.xml Edgar Link completed
fisv-20140331.xsd Edgar Link pending
fisv-20140331_cal.xml Edgar Link unprocessable
fisv-20140331_def.xml Edgar Link unprocessable
fisv-20140331_lab.xml Edgar Link unprocessable
fisv-20140331_pre.xml Edgar Link unprocessable
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending