FISERV INC
For the period ended Dec 31, 2024. Filed Feb 20, 2025.
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FY2024 · Filed Feb 20, 2025
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, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Cash flows from operating activities: | |||
| Net income | $3,180 | $3,129 | $2,582 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and other amortization | 1,672 | 1,479 | 1,320 |
| Amortization of acquisition-related intangible assets | 1,423 | 1,642 | 1,849 |
| Amortization of financing costs and debt discounts | 43 | 41 | 43 |
| Share-based compensation | 367 | 342 | 323 |
| Deferred income taxes | (662) | (511) | (558) |
| Net gain on sale of businesses and other assets | — | (167) | (54) |
| Loss (income) from investments in unconsolidated affiliates | 685 | 15 | (220) |
| Distributions from unconsolidated affiliates | 39 | 55 | 73 |
| Non-cash settlement charge for terminated pension plans | 147 | — | — |
| Non-cash foreign currency exchange loss | 92 | 76 | — |
| Other operating activities | (17) | (27) | 4 |
| Changes in assets and liabilities, net of effects from acquisitions and dispositions: | |||
| Trade accounts receivable | (169) | 23 | (770) |
| Prepaid expenses and other assets | (398) | (790) | (253) |
| Contract costs | (267) | (246) | (290) |
| Accounts payable and other liabilities | 426 | (54) | 511 |
| Contract liabilities | 70 | 155 | 58 |
| Net cash provided by operating activities | 6,631 | 5,162 | 4,618 |
| Cash flows from investing activities: | |||
| Capital expenditures, including capitalized software and other intangibles | (1,569) | (1,388) | (1,479) |
| Net proceeds from sale of businesses and other assets | — | 234 | 246 |
| Merchant cash advances, net | (801) | — | — |
| Payments for acquisition of businesses, net of cash acquired | — | (13) | (988) |
| Distributions from unconsolidated affiliates | 60 | 136 | 138 |
| Purchases of investments | (155) | (39) | (52) |
| Proceeds from sale of investments | 61 | 5 | 23 |
| Other investing activities | — | (3) | — |
| Net cash used in investing activities | (2,404) | (1,068) | (2,112) |
| Cash flows from financing activities: | |||
| Debt proceeds | 6,783 | 5,567 | 1,624 |
| Debt repayments | (5,396) | (3,015) | (3,315) |
| Net borrowings from (repayments of) commercial paper and short-term borrowings | 278 | (1,456) | 1,837 |
| Payments of debt financing costs | (28) | (38) | (10) |
| Proceeds from issuance of treasury stock | 97 | 101 | 149 |
| Purchases of treasury stock, including employee shares withheld for tax obligations | (5,837) | (4,827) | (2,677) |
| Settlement activity, net | — | (527) | (78) |
| Distributions paid to noncontrolling interests and redeemable noncontrolling interests | (55) | (34) | (42) |
| Payment to acquire noncontrolling interest of consolidated subsidiary | — | (56) | — |
| Payments of acquisition-related contingent consideration | (3) | (35) | (2) |
| Other financing activities | (4) | (36) | 36 |
| Net cash used in financing activities | (4,165) | (4,356) | (2,478) |
| Effect of exchange rate changes on cash and cash equivalents | (32) | 33 | (41) |
| Net change in cash and cash equivalents | 30 | (229) | (13) |
| Cash and cash equivalents, beginning balance | 2,963 | 3,192 | 3,205 |
| Cash and cash equivalents, ending balance | $2,993 | $2,963 | $3,192 |
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