Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Fiserv Inc., consolidated cash flow statement

US$ in millions

12 months ended:	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Net income	1,403)	975)	914)	1,187)	1,246)
Adjustment for discontinued operations	—)	—)	—)	—)	(14)
Depreciation and other amortization	1,158)	1,077)	615)	382)	274)
Amortization of acquisition-related intangible assets	2,038)	2,133)	1,036)	163)	159)
Amortization of financing costs, debt discounts and other	52)	47)	127)	11)	—)
Net foreign currency gain on financing activities	—)	—)	(50)	—)	—)
Share-based compensation	239)	369)	229)	73)	63)
Deferred income taxes	(262)	71)	47)	133)	(247)
Gain on sale of businesses	—)	(464)	(15)	(227)	(10)
Income from investments in unconsolidated affiliates	(100)	—)	(29)	(10)	(32)
Distributions from unconsolidated affiliates	34)	42)	23)	2)	45)
Settlement of interest rate hedge contracts	—)	—)	(183)	—)	—)
Non-cash impairment charges	15)	124)	48)	3)	18)
Other operating activities	(48)	(16)	(3)	4)	(4)
Trade accounts receivable	(358)	320)	(7)	(108)	(75)
Prepaid expenses and other assets	(248)	(167)	(82)	(6)	(55)
Contract costs	(269)	(289)	(212)	(137)	—)
Accounts payable and other liabilities	303)	(146)	238)	116)	54)
Contract liabilities	77)	71)	99)	(34)	61)
Changes in assets and liabilities, net of effects from acquisitions and dispositions	(495)	(211)	36)	(169)	(15)
Adjustments to reconcile net income to net cash provided by operating activities	2,631)	3,172)	1,881)	365)	251)
Net cash provided by operating activities	4,034)	4,147)	2,795)	1,552)	1,483)
Capital expenditures, including capitalized software and other intangibles	(1,160)	(900)	(721)	(360)	(287)
Proceeds from sale of businesses	—)	579)	51)	419)	17)
Payments for acquisitions of businesses, net of cash acquired and including working capital adjustments	(848)	(139)	(16,005)	(712)	(384)
Distributions from unconsolidated affiliates	115)	109)	113)	—)	—)
Purchases of investments	(256)	(1)	(45)	(3)	(10)
Proceeds from sale of investments	519)	11)	—)	—)	—)
Other investing activities	—)	—)	5)	(7)	7)
Net cash used in investing activities	(1,630)	(341)	(16,602)	(663)	(657)
Debt proceeds	6,435)	8,897)	20,030)	5,039)	2,310)
Debt repayments	(7,881)	(10,918)	(5,043)	(4,005)	(1,985)
Net proceeds from (repayments of) commercial paper and short-term borrowings	1,741)	(6)	—)	—)	—)
Payments of debt financing, redemption and other costs	—)	(16)	(247)	—)	—)
Proceeds from issuance of treasury stock	140)	133)	156)	75)	78)
Purchases of treasury stock, including employee shares withheld for tax obligations	(2,786)	(1,826)	(561)	(1,946)	(1,223)
Settlement activity, net	711)	—)	—)	—)	—)
Distributions paid to noncontrolling interests and redeemable noncontrolling interests	(62)	(104)	(118)	—)	—)
Payments of acquisition-related contingent consideration	(37)	(18)	(13)	—)	—)
Other financing activities	(2)	22)	(13)	(5)	—)
Net cash provided by (used in) financing activities	(1,741)	(3,836)	14,191)	(842)	(820)
Net cash provided by (used in) operating activities	—)	—)	—)	(7)	19)
Net cash provided by investing activities	—)	—)	133)	50)	—)
Net cash flows from discontinued operations	—)	—)	133)	43)	19)
Effect of exchange rate changes on cash and cash equivalents	(27)	16)	1)	—)	—)
Net change in cash and cash equivalents	636)	(14)	518)	90)	25)
Cash and cash equivalents, beginning balance	2,569)	933)	415)	325)	300)
Cash and cash equivalents, ending balance	3,205)	919)	933)	415)	325)

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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Cash flow statement item	Description	The company
Net cash provided by operating activities	Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.	Fiserv Inc. net cash provided by operating activities increased from 2019 to 2020 but then slightly decreased from 2020 to 2021.
Net cash used in investing activities	Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.	Fiserv Inc. net cash used in investing activities increased from 2019 to 2020 but then slightly decreased from 2020 to 2021.
Net cash provided by (used in) financing activities	Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.	Fiserv Inc. net cash provided by (used in) financing activities decreased from 2019 to 2020 but then slightly increased from 2020 to 2021.

Fiserv Inc. (NASDAQ:FISV)

Cash Flow Statement