8-KEarnings & ResultsExhibits & Filings

FISERV INC 8-K Report, Financial Results (Jan 28, 2005)

Filed January 28, 2005For Securities:FISV

Summary

This Form 8-K filing from Fiserv, Inc. (FISV) on January 28, 2005, primarily serves to announce the company's financial results for the fourth quarter and full year ended December 31, 2004, as detailed in a press release furnished as an exhibit. A key element for investors is the restatement of prior period financial results to reflect the classification of its securities clearing businesses as discontinued operations. This accounting change is important for understanding the ongoing performance and profitability of Fiserv's core businesses going forward. Investors should review the furnished press release and supplemental financial information to gain a comprehensive understanding of the reported financial performance, including revenue, earnings, and any adjustments related to the discontinued operations. The restatement ensures a clearer comparative view of the continuing business segments, allowing for a more accurate assessment of the company's operational health and strategic direction.

Key Highlights

  • 1Fiserv announced its financial results for the fourth quarter and full year ended December 31, 2004.
  • 2A press release detailing these financial results is furnished as Exhibit 99.1.
  • 3Prior period financial results have been restated.
  • 4The restatement is to classify Fiserv's securities clearing businesses as discontinued operations.
  • 5Supplemental financial information (unaudited) for 2004 and 2003, reflecting these restatements, is furnished as Exhibit 99.2.
  • 6The filing is dated January 27, 2005, for the earliest reported event (the issuance of the press release).

Frequently Asked Questions

The primary purpose of this Form 8-K filing is to report Fiserv, Inc.'s financial results for the quarter and year ended December 31, 2004, and to announce the restatement of prior period financial results related to discontinued operations.

The company restated its prior financial results to classify its securities clearing businesses as discontinued operations. This accounting change segregates the financial performance of these divested or non-core activities from the company's ongoing business operations.

The detailed financial results are available in the press release dated January 27, 2005 (Exhibit 99.1), and the restated supplemental financial information for periods ending December 31, 2004, and 2003 is provided in Exhibit 99.2.

For investors, 'discontinued operations' means that the financial results of the securities clearing businesses are presented separately from the company's continuing operations. This allows for a clearer view of the performance and profitability of Fiserv's core, ongoing business segments.