FISERV, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS DECEMBER 31, 1994 1993 ASSETS Cash and cash equivalents Note 1 $28,294,000 $35,934,000 Accounts receivable 120,033,000 104,730,000 Prepaid expenses and other assets Note 1 34,391,000 29,838,000 Investment securities Note 1 807,819,000 661,309,000 Other investments 64,777,000 34,831,000 Property and equipment-Net Note 1 113,448,000 96,645,000 Internally generated computer software-Net Note 1 67,820,000 58,020,000 Identifiable intangible assets relating to acquisitions-Net Note 1 34,090,000 33,291,000 Goodwill-Net 147,686,000 127,845,000 -------------------------------- TOTAL $1,418,358,000 $1,182,443,000 ================================ LIABILITIES AND SHAREHOLDERS' EQUITY Accounts payable $21,440,000 $20,671,000 Accrued expenses 59,126,000 1,468,000 Accrued income taxes 1,851,000 909,000 Deferred revenues 10,836,000 9,466,000 Trust account deposits 809,324,000 663,426,000 Long-term debt Note 3 139,864,000 111,099,000 Other obligations Note 3 2,314,000 2,308,000 Deferred income taxes Note 4 22,800,000 15,400,000 -------------------------------- TOTAL LIABILITIES 1,067,555,000 874,747,000 COMMITMENTS AND CONTINGENCIES NOTE 6 SHAREHOLDERS' EQUITY: Common stock outstanding, 39,157,000 and 38,780,000 shares, respectively 392,000 388,000 Additional paid-in capital 184,574,000 181,049,000 Unrealized gain on investments 11,054,000 9,230,000 Accumulated earnings 154,783,000 117,029,000 -------------------------------- TOTAL SHAREHOLDERS' EQUITY 350,803,000 307,696,000 -------------------------------- TOTAL $1,418,358,000 $1,182,443,000 ================================ See notes to consolidated financial statements.