Fiserv Inc. Reports Material Impairments
Ticker: FISV · Form: 8-K · Filed: Sep 25, 2024 · CIK: 798354
| Field | Detail |
|---|---|
| Company | Fiserv Inc (FISV) |
| Form Type | 8-K |
| Filed Date | Sep 25, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.01, $400 million, $600 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: impairment, financial-reporting, debt
Related Tickers: FISV
TL;DR
FISV flagged material impairments, potentially hitting asset values.
AI Summary
On September 20, 2024, Fiserv, Inc. filed an 8-K report indicating material impairments. The filing details the company's financial reporting and disclosures, specifically mentioning various senior notes due in 2025, 2027, 2030, and 2031.
Why It Matters
This filing signals potential negative impacts on Fiserv's asset values, which could affect future profitability and investor confidence.
Risk Assessment
Risk Level: medium — Material impairments can indicate underlying business issues or overvaluation of assets, posing a risk to the company's financial health.
Key Players & Entities
- Fiserv, Inc. (company) — Registrant
- September 20, 2024 (date) — Date of earliest event reported
- 600 N. Vel R. Phillips Avenue (address) — Company business and mailing address
- Wisconsin (location) — State of incorporation
- Senior Notes Due 2025 (debt) — Mentioned in filing
- Senior Notes Due 2027 (debt) — Mentioned in filing
- Senior Notes Due 2030 (debt) — Mentioned in filing
- Senior Notes Due 2031 (debt) — Mentioned in filing
FAQ
What specific assets are subject to material impairment?
The filing does not specify the exact assets subject to material impairment, only that such impairments have occurred.
What is the financial impact of these material impairments?
The filing indicates material impairments but does not quantify the specific dollar amount of the impact in this 8-K.
When did the events triggering these impairments occur?
The earliest event reported in this filing occurred on September 20, 2024.
Are these impairments related to a specific business segment or acquisition?
The filing does not provide details on whether the impairments are tied to a specific segment or acquisition.
What is the company's outlook following this impairment disclosure?
This 8-K filing focuses on the disclosure of material impairments and does not include forward-looking statements or outlook.
Filing Stats: 1,192 words · 5 min read · ~4 pages · Grade level 13.2 · Accepted 2024-09-25 16:39:01
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share FI The New York Stock Exc
- $400 million — impairment charge to be in the range of $400 million to $600 million. This estimate is based
- $600 million — e to be in the range of $400 million to $600 million. This estimate is based on the Company'
Filing Documents
- d895222d8k.htm (8-K) — 38KB
- 0001193125-24-226107.txt ( ) — 214KB
- fisv-20240920.xsd (EX-101.SCH) — 5KB
- fisv-20240920_def.xml (EX-101.DEF) — 14KB
- fisv-20240920_lab.xml (EX-101.LAB) — 24KB
- fisv-20240920_pre.xml (EX-101.PRE) — 16KB
- d895222d8k_htm.xml (XML) — 10KB
Forward-Looking Statements
Forward-Looking Statements This Form 8-K contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company's estimate of the impairment charge in connection with the expiration of the WFMS merchant alliance agreement and the impact of the expiration of the WFMS merchant alliance agreement on the Company's adjusted earnings per share and organic revenue outlook. Statements can generally be identified as forward-looking because they include words such as "will," "believes," "anticipates," "expects," "could," "should," "confident," "likely," "plan," or words of similar meaning. Statements that describe the Company's future plans, outlook, objectives or goals are also forward-looking statements. Forward-looking statements are subject to assumptions, risks and uncertainties, and a number of factors, both foreseen and unforeseen, that could cause actual results to differ materially from our current expectations. The factors that could cause the Company's actual results to differ materially include, among others, the factors included in "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2023, and in other documents that the Company files with the Securities and Exchange Commission, which are available at http://www.sec.gov. You should consider these factors carefully in evaluating forward-looking statements and are cautioned not to place undue reliance on such statements. The Company assumes no obligation to update any forward-looking statements, which speak only as of the date of this Form 8-K.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. FISERV, INC. Date: September 25, 2024 By: /s/ Robert W. Hau Robert W. Hau Chief Financial Officer