$IQV
IQVIA HOLDINGS INC.

2024 Q3 Form 10-Q Financial Statement

#000147824224000097 Filed on July 22, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $3.896B $3.814B
YoY Change 4.28% 2.31%
Cost Of Revenue $2.518B $2.488B
YoY Change 3.79% 1.84%
Gross Profit $915.0M $863.0M
YoY Change 6.15% -32.84%
Gross Profit Margin 23.49% 22.63%
Selling, General & Admin $522.0M $509.0M
YoY Change 3.98% 5.6%
% of Gross Profit 57.05% 58.98%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $278.0M $269.0M
YoY Change -6.4% 3.86%
% of Gross Profit 30.38% 31.17%
Operating Expenses $522.0M $509.0M
YoY Change 3.98% -31.31%
Operating Profit $550.0M $520.0M
YoY Change 14.35% -4.41%
Interest Expense $170.0M $163.0M
YoY Change -6.08% -198.79%
% of Operating Profit 30.91% 31.35%
Other Income/Expense, Net -$44.00M $67.00M
YoY Change -225.71% 318.75%
Pretax Income $349.0M $436.0M
YoY Change 0.0% 16.27%
Income Tax $65.00M $75.00M
% Of Pretax Income 18.62% 17.2%
Net Earnings $285.0M $363.0M
YoY Change -5.94% 22.22%
Net Earnings / Revenue 7.32% 9.52%
Basic Earnings Per Share $1.57 $1.99
Diluted Earnings Per Share $1.55 $1.97
COMMON SHARES
Basic Shares Outstanding 182.3M shares 182.2M shares
Diluted Shares Outstanding 184.2M shares 184.3M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.712B $1.678B
YoY Change 28.53% 12.47%
Cash & Equivalents $1.572B $1.545B
Short-Term Investments $140.0M $133.0M
Other Short-Term Assets $670.0M $648.0M
YoY Change 11.67% -0.77%
Inventory
Prepaid Expenses $195.0M $191.0M
Receivables $3.196B $3.255B
Other Receivables $54.00M $41.00M
Total Short-Term Assets $5.632B $5.622B
YoY Change 8.14% 5.5%
LONG-TERM ASSETS
Property, Plant & Equipment $513.0M $503.0M
YoY Change 3.01% -39.32%
Goodwill $15.09B $14.48B
YoY Change 5.62% 2.11%
Intangibles $4.734B $4.608B
YoY Change -3.53% -6.76%
Long-Term Investments $203.0M $181.0M
YoY Change 76.52% -12.98%
Other Assets $631.0M $636.0M
YoY Change 10.7% 15.64%
Total Long-Term Assets $21.55B $20.78B
YoY Change 3.75% 0.33%
TOTAL ASSETS
Total Short-Term Assets $5.632B $5.622B
Total Long-Term Assets $21.55B $20.78B
Total Assets $27.18B $26.40B
YoY Change 4.63% 1.39%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.434B $3.313B
YoY Change 9.61% 10.18%
Accrued Expenses
YoY Change
Deferred Revenue $1.824B $1.811B
YoY Change -0.76% -1.79%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.219B $1.167B
YoY Change -6.88% 461.06%
Total Short-Term Liabilities $6.992B $6.620B
YoY Change 6.12% 1.18%
LONG-TERM LIABILITIES
Long-Term Debt $12.29B $12.09B
YoY Change -0.24% -2.75%
Other Long-Term Liabilities $612.0M $632.0M
YoY Change -9.87% -33.12%
Total Long-Term Liabilities $12.91B $12.72B
YoY Change -0.74% -4.9%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.992B $6.620B
Total Long-Term Liabilities $12.91B $12.72B
Total Liabilities $20.21B $19.68B
YoY Change 0.2% -2.98%
SHAREHOLDERS EQUITY
Retained Earnings $5.628B $5.343B
YoY Change 33.27% 36.3%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $6.967B $6.714B
YoY Change
Total Liabilities & Shareholders Equity $27.18B $26.40B
YoY Change 4.63% 1.39%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $285.0M $363.0M
YoY Change -5.94% 22.22%
Depreciation, Depletion And Amortization $278.0M $269.0M
YoY Change -6.4% 3.86%
Cash From Operating Activities $721.0M $588.0M
YoY Change 23.67% 46.27%
INVESTING ACTIVITIES
Capital Expenditures $150.0M $143.0M
YoY Change 2.74% -10.63%
Acquisitions
YoY Change
Other Investing Activities -$449.0M -$78.00M
YoY Change 5.15% -82.11%
Cash From Investing Activities -$599.0M -$221.0M
YoY Change 4.54% -62.92%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -137.0M -260.0M
YoY Change -4.86% -373.68%
NET CHANGE
Cash From Operating Activities 721.0M 588.0M
Cash From Investing Activities -599.0M -221.0M
Cash From Financing Activities -137.0M -260.0M
Net Change In Cash -15.00M 107.0M
YoY Change -88.81% -208.08%
FREE CASH FLOW
Cash From Operating Activities $721.0M $588.0M
Capital Expenditures $150.0M $143.0M
Free Cash Flow $571.0M $445.0M
YoY Change 30.66% 83.88%

Facts In Submission

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WeightedAverageNumberDilutedSharesOutstandingAdjustment
2100000 shares
CY2023Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2300000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2300000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2500000 shares
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
184300000 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
186700000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
184300000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
187600000 shares
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.99
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.61
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.58
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.17
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.97
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.59
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.53
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.12
CY2024Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1100000 shares
CY2023Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1200000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1000000.0 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1100000 shares
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

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