Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Fiserv Inc., consolidated income statement

US$ in millions

12 months ended:	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Processing and services	13,307)	12,215)	8,573)	4,975)	4,833)
Product	2,919)	2,637)	1,614)	848)	863)
Revenue	16,226)	14,852)	10,187)	5,823)	5,696)
Cost of processing and services	(6,084)	(5,841)	(4,016)	(2,324)	(2,291)
Cost of product	(2,044)	(1,971)	(1,293)	(745)	(733)
Cost of revenue	(8,128)	(7,812)	(5,309)	(3,069)	(3,024)
Gross profit	8,098)	7,040)	4,878)	2,754)	2,672)
Selling, general and administrative	(5,810)	(5,652)	(3,284)	(1,228)	(1,150)
Gain on sale of businesses	—)	464)	15)	227)	10)
Operating income	2,288)	1,852)	1,609)	1,753)	1,532)
Interest expense	(696)	(716)	(507)	(193)	(176)
Interest income	3)	7)	34)	4)	1)
Interest expense, net	(693)	(709)	(473)	(189)	(175)
Debt financing activities	—)	—)	(47)	(14)	—)
Other income (expense)	71)	28)	(6)	5)	1)
Income from continuing operations before income taxes and income from investments in unconsolidated affiliates	1,666)	1,171)	1,083)	1,555)	1,358)
Income tax provision	(363)	(196)	(198)	(378)	(158)
Income from investments in unconsolidated affiliates	100)	—)	29)	10)	32)
Income from continuing operations	1,403)	975)	914)	1,187)	1,232)
Income from discontinued operations, net of income taxes	—)	—)	—)	—)	14)
Net income	1,403)	975)	914)	1,187)	1,246)
Net income attributable to noncontrolling interests and redeemable noncontrolling interests	(69)	(17)	(21)	—)	—)
Net income attributable to Fiserv, Inc.	1,334)	958)	893)	1,187)	1,246)

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

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Income statement item	Description	The company
Revenue	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	Fiserv Inc. revenue increased from 2019 to 2020 and from 2020 to 2021.
Operating income	The net result for the period of deducting operating expenses from operating revenues.	Fiserv Inc. operating income increased from 2019 to 2020 and from 2020 to 2021.
Income from continuing operations before income taxes and income from investments in unconsolidated affiliates	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	Fiserv Inc. income from continuing operations before income taxes and income from investments in unconsolidated affiliates increased from 2019 to 2020 and from 2020 to 2021.
Net income attributable to Fiserv, Inc.	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Fiserv Inc. net income attributable to Fiserv, Inc. increased from 2019 to 2020 and from 2020 to 2021.

Fiserv Inc. (NASDAQ:FISV)

Income Statement