$IQV
IQVIA HOLDINGS INC.

2023 Q2 Form 10-Q Financial Statement

#000147824223000061 Filed on April 28, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1
Revenue $3.728B $3.652B
YoY Change 5.28% 2.35%
Cost Of Revenue $2.443B $2.398B
YoY Change 4.8% 3.23%
Gross Profit $1.285B $802.0M
YoY Change 61.64% 0.38%
Gross Profit Margin 34.47% 21.96%
Selling, General & Admin $482.0M $513.0M
YoY Change -0.21% 5.12%
% of Gross Profit 37.51% 63.97%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $259.0M $253.0M
YoY Change -4.07% -0.78%
% of Gross Profit 20.16% 31.55%
Operating Expenses $741.0M $513.0M
YoY Change 53.42% 5.12%
Operating Profit $544.0M $471.0M
YoY Change 20.09% -4.85%
Interest Expense -$165.0M $141.0M
YoY Change -275.53% 63.95%
% of Operating Profit -30.33% 29.94%
Other Income/Expense, Net $16.00M $26.00M
YoY Change -148.48% -360.0%
Pretax Income $375.0M $362.0M
YoY Change 14.33% -9.5%
Income Tax $81.00M $71.00M
% Of Pretax Income 21.6% 19.61%
Net Earnings $297.0M $289.0M
YoY Change 16.02% -11.08%
Net Earnings / Revenue 7.97% 7.91%
Basic Earnings Per Share $1.61 $1.56
Diluted Earnings Per Share $1.59 $1.53
COMMON SHARES
Basic Shares Outstanding 185.5M shares 185.7M shares
Diluted Shares Outstanding 186.7M shares 188.6M shares

Balance Sheet

Concept 2023 Q2 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.492B $1.598B
YoY Change -1.71% 7.03%
Cash & Equivalents $1.382B $1.494B
Short-Term Investments $110.0M $104.0M
Other Short-Term Assets $653.0M $625.0M
YoY Change -2.54% 1.3%
Inventory
Prepaid Expenses $179.0M $165.0M
Receivables $3.139B $3.063B
Other Receivables $45.00M $42.00M
Total Short-Term Assets $5.329B $5.328B
YoY Change 8.51% 11.65%
LONG-TERM ASSETS
Property, Plant & Equipment $829.0M $520.0M
YoY Change 56.71% -2.07%
Goodwill $14.18B $14.02B
YoY Change 8.2% 3.57%
Intangibles $4.942B $4.757B
YoY Change 4.42% -3.25%
Long-Term Investments $208.0M $99.00M
YoY Change 126.09% 10.0%
Other Assets $550.0M $593.0M
YoY Change -9.39% -8.49%
Total Long-Term Assets $20.71B $20.41B
YoY Change 6.18% 1.06%
TOTAL ASSETS
Total Short-Term Assets $5.329B $5.328B
Total Long-Term Assets $20.71B $20.41B
Total Assets $26.04B $25.74B
YoY Change 6.65% 3.08%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.007B $3.143B
YoY Change 5.62% 11.61%
Accrued Expenses
YoY Change
Deferred Revenue $1.844B $1.827B
YoY Change 1.88% -5.19%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $208.0M $1.343B
YoY Change 36.84% 1392.22%
Total Short-Term Liabilities $6.543B $6.657B
YoY Change 28.19% 29.09%
LONG-TERM LIABILITIES
Long-Term Debt $12.43B $11.83B
YoY Change -1.44% -5.69%
Other Long-Term Liabilities $945.0M $641.0M
YoY Change 67.85% 10.33%
Total Long-Term Liabilities $13.38B $12.47B
YoY Change 1.52% -4.98%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.543B $6.657B
Total Long-Term Liabilities $13.38B $12.47B
Total Liabilities $20.29B $19.81B
YoY Change 6.44% 3.97%
SHAREHOLDERS EQUITY
Retained Earnings $3.920B $3.623B
YoY Change 38.81% 41.08%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.748B $5.932B
YoY Change
Total Liabilities & Shareholders Equity $26.04B $25.74B
YoY Change 6.65% 3.08%

Cashflow Statement

Concept 2023 Q2 2023 Q1
OPERATING ACTIVITIES
Net Income $297.0M $289.0M
YoY Change 16.02% -11.08%
Depreciation, Depletion And Amortization $259.0M $253.0M
YoY Change -4.07% -0.78%
Cash From Operating Activities $402.0M $417.0M
YoY Change 22.19% -17.91%
INVESTING ACTIVITIES
Capital Expenditures $160.0M $164.0M
YoY Change -199.38% -192.66%
Acquisitions $18.00M
YoY Change -95.81%
Other Investing Activities -$436.0M -$7.000M
YoY Change 1047.37% 133.33%
Cash From Investing Activities -$596.0M -$222.0M
YoY Change 199.5% -63.78%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 95.00M $87.00M
YoY Change -427.59% -39.58%
NET CHANGE
Cash From Operating Activities 402.0M $417.0M
Cash From Investing Activities -596.0M -$222.0M
Cash From Financing Activities 95.00M $87.00M
Net Change In Cash -99.00M $278.0M
YoY Change -198.02% 1223.81%
FREE CASH FLOW
Cash From Operating Activities $402.0M $417.0M
Capital Expenditures $160.0M $164.0M
Free Cash Flow $242.0M $253.0M
YoY Change -50.61% -63.07%

Facts In Submission

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