XML 33 R2.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenue $ 3,769 $ 1,502
Selling, general and administrative 1,404 341
Gain on sale of businesses (431) (10)
Total expenses 3,140 1,129
Operating income 629 373
Interest expense, net (187) (57)
Debt financing activities 0 (59)
Other income 20 1
Income before income taxes and loss from investments in unconsolidated affiliates 462 258
Income tax provision (79) (31)
Loss from investments in unconsolidated affiliates (6) (2)
Net income 377 225
Plus: Net loss attributable to noncontrolling interests and redeemable noncontrolling interests 15 0
Net income attributable to Fiserv, Inc. $ 392 $ 225
Net income attributable to Fiserv, Inc. per share – basic (in dollars per share) $ 0.58 $ 0.58
Net income attributable to Fiserv, Inc. per share – diluted (in dollars per share) $ 0.57 $ 0.56
Shares used in computing net income attributable to Fiserv, Inc. per share:    
Basic (in shares) 678.1 391.7
Diluted (in shares) 691.2 399.1
Related Party Fees | Equity investments    
Shares used in computing net income attributable to Fiserv, Inc. per share:    
Processing, administrative, and other fees $ 57 $ 9
Processing and services    
Revenue [1] 3,075 1,293
Cost of goods sold and services 1,635 624
Product    
Revenue 694 209
Cost of goods sold and services $ 532 $ 174
[1]
Includes processing and other fees charged to related party investments accounted for under the equity method of $57 million and $9 million for the three months ended March 31, 2020 and 2019, respectively (see Note 21).