FISERV INC
For the period ended Dec 31, 2023. Filed Feb 22, 2024.
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FY2023 · Filed Feb 22, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Equity
| Fiserv, Inc. Shareholders’ Equity | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Number of Shares · Amount | |||||||||||||||
| Common Shares · Treasury Shares · Common Stock · AdditionalPaid-InCapital · AccumulatedOtherComprehensiveLoss · RetainedEarnings · Treasury Stock · Noncontrolling Interests · Total Equity | |||||||||||||||
| Balance at January 1, 2021 | 789 | 121 | $8 | $23,643 | $(387) | $13,441 | $(4,375) | $740 | $33,070 | ||||||
| Net income (1) | 1,334 | 25 | 1,359 | ||||||||||||
| Distributions paid to noncontrolling interests (2) | (6) | (6) | |||||||||||||
| Change in redemption value of redeemable noncontrolling interest (see Note 13) | (18) | (18) | |||||||||||||
| Other comprehensive loss | (287) | (39) | (326) | ||||||||||||
| Prior period adjustment (see Note 9) | (71) | 71 | — | ||||||||||||
| Share-based compensation | 239 | 239 | |||||||||||||
| Shares issued under stock plans | (5) | (293) | 212 | (81) | |||||||||||
| Purchases of treasury stock | 23 | (2,565) | (2,565) | ||||||||||||
| Retirement of treasury stock (see Note 19) | (5) | (5) | (588) | 588 | — | ||||||||||
| Balance at December 31, 2021 | 784 | 134 | 8 | 22,983 | (745) | 14,846 | (6,140) | 720 | 31,672 | ||||||
| Net income (1) | 2,530 | 24 | 2,554 | ||||||||||||
| Distributions paid to noncontrolling interests (2) | (8) | (8) | |||||||||||||
| Other comprehensive loss | (444) | (50) | (494) | ||||||||||||
| Share-based compensation | 323 | 323 | |||||||||||||
| Shares issued under stock plans | (5) | (295) | 262 | (33) | |||||||||||
| Purchases of treasury stock | 25 | (2,500) | (2,500) | ||||||||||||
| Capital contribution from noncontrolling interest | 13 | 13 | |||||||||||||
| Balance at December 31, 2022 | 784 | 154 | 8 | 23,011 | (1,189) | 17,376 | (8,378) | 699 | 31,527 | ||||||
| Net income (1) | 3,068 | 35 | 3,103 | ||||||||||||
| Distributions paid to noncontrolling interests (2) | (8) | (8) | |||||||||||||
| Acquisition of noncontrolling interest of consolidated subsidiary (3) | 6 | (65) | (59) | ||||||||||||
| Other comprehensive income (loss) | 406 | (10) | 396 | ||||||||||||
| Share-based compensation | 342 | 342 | |||||||||||||
| Shares issued under stock plans | (4) | (256) | 207 | (49) | |||||||||||
| Purchases of treasury stock | 40 | (4,744) | (4,744) | ||||||||||||
| Balance at December 31, 2023 | 784 | 190 | $8 | $23,103 | $(783) | $20,444 | $(12,915) | $651 | $30,508 | ||||||
(1)The total net income presented in the consolidated statements of equity for the years ended December 31, 2023, 2022 and 2021 is different than the amount presented in the consolidated statements of income due to the net income attributable to redeemable noncontrolling interests of $26 million, $28 million and $44 million, respectively, not included in equity.
(2)The total distributions presented in the consolidated statements of equity for the years ended December 31, 2023, 2022 and 2021 exclude $26 million, $34 million and $43 million, respectively, in distributions paid to redeemable noncontrolling interests, and for the year ended December 31, 2021, excludes $13 million in distributions related to the dissolution of the Banc of America Merchant Services joint venture, not included in equity.
(3)The Company acquired the remaining 49% ownership interest in European Merchant Services B.V., a Netherlands-based merchant acceptance business, during the year ended December 31, 2023. The Company previously held a majority controlling financial interest in this consolidated subsidiary.
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