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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenue:      
Revenue $ 16,226 $ 14,852 $ 10,187
Expenses:      
Selling, general and administrative 5,810 5,652 3,284
Gain on sale of businesses [1] 0 (464) (15)
Total expenses 13,938 13,000 8,578
Operating income 2,288 1,852 1,609
Interest expense, net (693) (709) (473)
Debt financing activities 0 0 (47)
Other income (expense) 71 28 (6)
Income before income taxes and income from investments in unconsolidated affiliates 1,666 1,171 1,083
Income tax provision (363) (196) (198)
Net pre-tax gain [1] 100 0 29
Net income [1] 1,403 975 914
Less: net income attributable to noncontrolling interests and redeemable noncontrolling interests 69 17 21
Net income attributable to Fiserv, Inc. $ 1,334 $ 958 $ 893
Net income attributable to Fiserv, Inc. per share – basic (in dollars per share) $ 2.01 $ 1.42 $ 1.74
Net income attributable to Fiserv, Inc. per share – diluted (in dollars per share) $ 1.99 $ 1.40 $ 1.71
Shares used in computing net income attributable to Fiserv, Inc. per share:      
Basic (in shares) 662.6 672.1 512.3
Diluted (in shares) 671.6 683.4 522.6
Processing and services      
Revenue:      
Revenue [2] $ 13,307 $ 12,215 $ 8,573
Expenses:      
Cost of goods and services sold 6,084 5,841 4,016
Product      
Revenue:      
Revenue 2,919 2,637 1,614
Expenses:      
Cost of goods and services sold $ 2,044 $ 1,971 $ 1,293
[1] The company revised the consolidated statements of cash flows presentation to include cash and cash equivalents within settlement assets as a component of total cash and cash equivalents. The company revised the 2020 and 2019 presentation for comparable purposes. Additional information is included in Note 1.
[2] Includes processing and other fees charged to related party investments accounted for under the equity method of $203 million, $236 million and $112 million for the years ended December 31, 2021, 2020 and 2019, respectively (see Note 20).