Exhibit 99.2
FISERV, INC. AND SUBSIDIARIES
QUARTERLY FINANCIAL INFORMATION
(in millions, except per share amounts, unaudited)
First Quarter 2008 | Second Quarter 2008 | Third Quarter 2008 | Year-to-Date 2008 | |||||||||||||
Revenues | ||||||||||||||||
Processing and services | $ | 943 | $ | 947 | $ | 874 | $ | 2,764 | ||||||||
Product | 363 | 345 | 206 | 914 | ||||||||||||
Total revenues | 1,306 | 1,292 | 1,080 | 3,678 | ||||||||||||
Expenses | ||||||||||||||||
Cost of processing and services | 558 | 553 | 506 | 1,617 | ||||||||||||
Cost of product | 307 | 296 | 162 | 765 | ||||||||||||
Selling, general and administrative | 211 | 216 | 198 | 625 | ||||||||||||
Total expenses | 1,076 | 1,065 | 866 | 3,007 | ||||||||||||
Operating income | 230 | 227 | 214 | 671 | ||||||||||||
Interest expense—net | (69 | ) | (61 | ) | (57 | ) | (187 | ) | ||||||||
Gain on sale of businesses | — | — | 19 | 19 | ||||||||||||
Income from continuing operations before income taxes and income from investment in unconsolidated affiliate | 161 | 166 | 176 | 503 | ||||||||||||
Income tax provision | (62 | ) | (64 | ) | (105 | ) | (231 | ) | ||||||||
Income from investment in unconsolidated affiliate—net of income taxes | — | — | 3 | 3 | ||||||||||||
Income from continuing operations | 99 | 102 | 74 | 275 | ||||||||||||
Income (loss) from discontinued operations—net of income taxes | 230 | (2 | ) | 4 | 232 | |||||||||||
Net income | $ | 329 | $ | 100 | $ | 78 | $ | 507 | ||||||||
GAAP earnings (loss) per share—diluted | ||||||||||||||||
Continuing operations | $ | 0.60 | $ | 0.62 | $ | 0.45 | $ | 1.67 | ||||||||
Discontinued operations | 1.39 | (0.01 | ) | 0.03 | 1.41 | |||||||||||
Total | $ | 1.99 | $ | 0.60 | $ | 0.48 | $ | 3.08 | ||||||||
First Quarter 2007 | Second Quarter 2007 | Third Quarter 2007 | Fourth Quarter 2007 | Full Year 2007 | ||||||||||||||||
Revenues | ||||||||||||||||||||
Processing and services | $ | 637 | $ | 649 | $ | 647 | $ | 735 | $ | 2,668 | ||||||||||
Product | 298 | 284 | 277 | 370 | 1,229 | |||||||||||||||
Total revenues | 935 | 933 | 924 | 1,105 | 3,897 | |||||||||||||||
Expenses | ||||||||||||||||||||
Cost of processing and services | 397 | 394 | 389 | 459 | 1,639 | |||||||||||||||
Cost of product | 236 | 225 | 223 | 295 | 979 | |||||||||||||||
Selling, general and administrative | 124 | 127 | 120 | 169 | 540 | |||||||||||||||
Total expenses | 757 | 746 | 732 | 923 | 3,158 | |||||||||||||||
Operating income | 178 | 187 | 192 | 182 | 739 | |||||||||||||||
Interest expense—net | (9 | ) | (12 | ) | (12 | ) | (36 | ) | (69 | ) | ||||||||||
Income from continuing operations before income taxes | 169 | 175 | 180 | 146 | 670 | |||||||||||||||
Income tax provision | (66 | ) | (67 | ) | (68 | ) | (55 | ) | (256 | ) | ||||||||||
Income from continuing operations | 103 | 108 | 112 | 91 | 414 | |||||||||||||||
Income from discontinued operations—net of income taxes | 11 | — | 9 | 5 | 25 | |||||||||||||||
Net income | $ | 114 | $ | 108 | $ | 121 | $ | 96 | $ | 439 | ||||||||||
GAAP earnings per share—diluted | ||||||||||||||||||||
Continuing operations | $ | 0.60 | $ | 0.63 | $ | 0.67 | $ | 0.55 | $ | 2.45 | ||||||||||
Discontinued operations | 0.06 | — | 0.05 | 0.04 | 0.15 | |||||||||||||||
Total | $ | 0.66 | $ | 0.64 | $ | 0.73 | $ | 0.58 | $ | 2.60 | ||||||||||