$IQV
IQVIA HOLDINGS INC.

2017 Q3 Form 10-Q Financial Statement

#000156459017020289 Filed on October 27, 2017

View on sec.gov

Income Statement

Concept 2017 Q3 2016 Q3
Revenue $2.019B $1.136B
YoY Change 77.73% 3.93%
Cost Of Revenue $1.165B $696.0M
YoY Change 67.39% -31.38%
Gross Profit $854.0M $440.0M
YoY Change 94.09% 7.21%
Gross Profit Margin 42.3% 38.73%
Selling, General & Admin $394.0M $233.6M
YoY Change 68.66% 0.95%
% of Gross Profit 46.14% 53.09%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $256.0M $34.60M
YoY Change 639.82% 5.23%
% of Gross Profit 29.98% 7.86%
Operating Expenses $650.0M $233.7M
YoY Change 178.13% 0.99%
Operating Profit $195.0M $168.0M
YoY Change 16.07% 1.2%
Interest Expense -$91.00M $24.51M
YoY Change -471.35% -3.63%
% of Operating Profit -46.67% 14.59%
Other Income/Expense, Net $0.00 -$1.667M
YoY Change -100.0% -278.48%
Pretax Income $86.00M $142.3M
YoY Change -39.57% -0.95%
Income Tax -$3.000M $38.53M
% Of Pretax Income -3.49% 27.07%
Net Earnings $88.00M $99.00M
YoY Change -11.11% -10.0%
Net Earnings / Revenue 4.36% 8.71%
Basic Earnings Per Share $0.41 $0.83
Diluted Earnings Per Share $0.40 $0.82
COMMON SHARES
Basic Shares Outstanding 118.9M
Diluted Shares Outstanding 121.2M

Balance Sheet

Concept 2017 Q3 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.147B $1.250B
YoY Change -8.24% 4.69%
Cash & Equivalents $1.103B $1.210B
Short-Term Investments $44.00M $40.00M
Other Short-Term Assets $284.0M $99.64M
YoY Change 185.02% 14.05%
Inventory
Prepaid Expenses $146.0M $57.32M
Receivables $1.859B $1.208B
Other Receivables $56.00M $26.00M
Total Short-Term Assets $3.492B $2.643B
YoY Change 32.12% 4.88%
LONG-TERM ASSETS
Property, Plant & Equipment $428.0M $184.2M
YoY Change 132.37% -5.42%
Goodwill $11.60B $691.4M
YoY Change 1577.37% 162.73%
Intangibles $6.567B $346.8M
YoY Change 1793.51% -7.37%
Long-Term Investments $75.00M $68.00M
YoY Change 10.29% -11.69%
Other Assets $285.0M $195.0M
YoY Change 46.15% 36.36%
Total Long-Term Assets $18.95B $1.486B
YoY Change 1175.72% -1.84%
TOTAL ASSETS
Total Short-Term Assets $3.492B $2.643B
Total Long-Term Assets $18.95B $1.486B
Total Assets $22.45B $4.129B
YoY Change 443.62% 2.36%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.894B $904.0M
YoY Change 109.51% 3.79%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $103.0M $49.00M
YoY Change 110.2% 1.03%
Total Short-Term Liabilities $2.853B $1.620B
YoY Change 76.12% 6.3%
LONG-TERM LIABILITIES
Long-Term Debt $9.651B $2.387B
YoY Change 304.32% -1.77%
Other Long-Term Liabilities $420.0M $190.6M
YoY Change 120.4% 12.03%
Total Long-Term Liabilities $10.07B $190.6M
YoY Change 5184.81% -92.67%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.853B $1.620B
Total Long-Term Liabilities $10.07B $190.6M
Total Liabilities $14.94B $4.211B
YoY Change 254.76% -0.07%
SHAREHOLDERS EQUITY
Retained Earnings -$166.0M -$221.2M
YoY Change -24.96% -59.79%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.252B
YoY Change
Treasury Stock Shares $40.20M
Shareholders Equity $7.264B -$313.4M
YoY Change
Total Liabilities & Shareholders Equity $22.45B $4.129B
YoY Change 443.62% 2.36%

Cashflow Statement

Concept 2017 Q3 2016 Q3
OPERATING ACTIVITIES
Net Income $88.00M $99.00M
YoY Change -11.11% -10.0%
Depreciation, Depletion And Amortization $256.0M $34.60M
YoY Change 639.82% 5.23%
Cash From Operating Activities $436.0M $260.2M
YoY Change 67.56% -8.06%
INVESTING ACTIVITIES
Capital Expenditures -$89.00M -$20.70M
YoY Change 329.95% -16.53%
Acquisitions
YoY Change
Other Investing Activities -$245.0M -$1.600M
YoY Change 15212.5% -105.19%
Cash From Investing Activities -$334.0M -$22.30M
YoY Change 1397.76% -465.57%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 93.00M 24.40M
YoY Change 281.15% 369.23%
NET CHANGE
Cash From Operating Activities 436.0M 260.2M
Cash From Investing Activities -334.0M -22.30M
Cash From Financing Activities 93.00M 24.40M
Net Change In Cash 195.0M 262.3M
YoY Change -25.66% -10.87%
FREE CASH FLOW
Cash From Operating Activities $436.0M $260.2M
Capital Expenditures -$89.00M -$20.70M
Free Cash Flow $525.0M $280.9M
YoY Change 86.9% -8.74%

Facts In Submission

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<div> <p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;text-indent:4.54%;">Reclassifications</p> <p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">Certain prior period amounts have been reclassified to conform to the current presentation, including the reclassification of depreciation and amortization from costs of revenue and selling, general and administrative expenses to a separate caption on the accompanying condensed consolidated statements of income. These changes had no effect on previously reported total revenues, net income, comprehensive income, stockholders&#8217; equity or cash flows.</p></div>
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