FISERV INC
For the period ended Dec 31, 2023. Filed Feb 22, 2024.
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FY2023 · Filed Feb 22, 2024
FISV$63.32-0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Cash flows from operating activities: | |||
| Net income | $3,129 | $2,582 | $1,403 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and other amortization | 1,479 | 1,320 | 1,158 |
| Amortization of acquisition-related intangible assets | 1,642 | 1,849 | 2,038 |
| Amortization of financing costs and debt discounts | 41 | 43 | 52 |
| Share-based compensation | 342 | 323 | 239 |
| Deferred income taxes | (511) | (558) | (262) |
| Net gain on sale of businesses and other assets | (167) | (54) | — |
| Loss (income) from investments in unconsolidated affiliates | 15 | (220) | (100) |
| Distributions from unconsolidated affiliates | 55 | 73 | 34 |
| Non-cash impairment charges | — | 14 | 15 |
| Other operating activities | 49 | (10) | (48) |
| Changes in assets and liabilities, net of effects from acquisitions and dispositions: | |||
| Trade accounts receivable | 23 | (770) | (358) |
| Prepaid expenses and other assets | (790) | (253) | (248) |
| Contract costs | (246) | (290) | (269) |
| Accounts payable and other liabilities | (54) | 511 | 303 |
| Contract liabilities | 155 | 58 | 77 |
| Net cash provided by operating activities | 5,162 | 4,618 | 4,034 |
| Cash flows from investing activities: | |||
| Capital expenditures, including capitalized software and other intangibles | (1,388) | (1,479) | (1,160) |
| Net proceeds from sale of businesses and other assets | 234 | 246 | — |
| Payments for acquisition of businesses, net of cash acquired | (13) | (988) | (848) |
| Distributions from unconsolidated affiliates | 136 | 138 | 115 |
| Purchases of investments | (39) | (52) | (256) |
| Proceeds from sale of investments | 5 | 23 | 519 |
| Other investing activities | (3) | — | — |
| Net cash used in investing activities | (1,068) | (2,112) | (1,630) |
| Cash flows from financing activities: | |||
| Debt proceeds | 5,567 | 1,624 | 6,435 |
| Debt repayments | (3,015) | (3,315) | (7,881) |
| Net (repayments of) proceeds from commercial paper and short-term borrowings | (1,456) | 1,837 | 1,741 |
| Payments of debt financing costs | (38) | (10) | — |
| Proceeds from issuance of treasury stock | 101 | 149 | 140 |
| Purchases of treasury stock, including employee shares withheld for tax obligations | (4,827) | (2,677) | (2,786) |
| Settlement activity, net | (527) | (78) | 711 |
| Distributions paid to noncontrolling interests and redeemable noncontrolling interests | (34) | (42) | (62) |
| Payment to acquire noncontrolling interest of consolidated subsidiary | (56) | — | — |
| Payments of acquisition-related contingent consideration | (35) | (2) | (37) |
| Other financing activities | (36) | 36 | (2) |
| Net cash used in financing activities | (4,356) | (2,478) | (1,741) |
| Effect of exchange rate changes on cash and cash equivalents | 33 | (41) | (27) |
| Net change in cash and cash equivalents | (229) | (13) | 636 |
| Cash and cash equivalents, beginning balance | 3,192 | 3,205 | 2,569 |
| Cash and cash equivalents, ending balance | $2,963 | $3,192 | $3,205 |
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