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Iqvia Holdings Inc. (IQV) SEC Filing 10-K Annual report for the fiscal year ending Thursday, December 31, 2020

Iqvia Holdings Inc.

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CIK: 1119639 Ticker: IQV
Exhibit 99.1

IQVIA Reports Fourth-Quarter and Full-Year 2020 Results

Raises Full-Year 2021 Guidance

  • Revenue of $3,298 million for the fourth quarter grew 13.9 percent year-over-year
  • Adjusted EBITDA of $735 million for the fourth quarter increased 14.5 percent year-over-year
  • GAAP Diluted Earnings per Share of $0.61 for the fourth quarter; Adjusted Diluted Earnings per Share of $2.11 for the fourth quarter grew 21.3 percent year-over-year
  • Technology & Analytics Solutions fourth-quarter revenue growth was 17.4 percent year-over-year; R&D Solutions fourth-quarter revenue growth was 14.5 percent year-over-year
  • Record fourth-quarter and full-year Free Cash Flow of $574 million and $1.34 billion, respectively
  • Full-year 2021 guidance raised for revenue, Adjusted EBITDA and Adjusted Diluted EPS

DANBURY, Conn. & RESEARCH TRIANGLE PARK, N.C.--(BUSINESS WIRE)--February 10, 2021--IQVIA Holdings Inc. (“IQVIA”) (NYSE:IQV), a leading global provider of advanced analytics, technology solutions, and clinical research services to the life sciences industry, today reported financial results for the quarter ended December 31, 2020.

Fourth-Quarter 2020 Operating Results
Revenue for the fourth quarter of $3,298 million increased 13.9 percent on a reported basis and 12.2 percent at constant currency, compared to the fourth quarter of 2019. Technology & Analytics Solutions (TAS) revenue of $1,425 million grew 17.4 percent on a reported basis and 15.1 percent at constant currency. Research & Development Solutions (R&DS) revenue of $1,684 million grew 14.5 percent on a reported basis and 13.2 percent at constant currency. Excluding the impact of pass throughs, R&DS revenue increased 12.3 percent year-over-year on a reported basis. Contract Sales & Medical Solutions (CSMS) revenue of $189 million was lower by 10.0 percent on a reported basis and by 11.9 percent at constant currency.

R&DS contracted backlog, including reimbursed expenses, grew 18.5 percent year-over-year to $22.6 billion at December 31, 2020. The company expects approximately $5.9 billion of this backlog to convert to revenue in the next twelve months, representing growth of 13.5 percent compared to December 31, 2019. The fourth quarter contracted net book-to-bill ratio was 1.41x including reimbursed expenses and 1.42x excluding reimbursed expenses. For the year ended December 31, 2020, the contracted net book-to-bill ratio was 1.53x including reimbursed expenses and 1.44x excluding reimbursed expenses.

Fourth-quarter 2020 Adjusted EBITDA was $735 million, up 14.5 percent compared to the fourth quarter of 2019. GAAP net income was $119 million, and GAAP diluted earnings per share was $0.61. Adjusted Net Income was $411 million and Adjusted Diluted Earnings per Share was $2.11, up 21.3 percent compared to the fourth quarter of 2019.

The following information was filed by Iqvia Holdings Inc. (IQV) on Wednesday, February 10, 2021 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Iqvia Holdings Inc.'s 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Cover Page
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income (Loss)
Consolidated Statements Of Comprehensive Income (Loss) (Parenthetical)
Consolidated Statements Of Income
Consolidated Statements Of Stockholders' Equity
Accrued Expenses
Accrued Expenses (Tables)
Accrued Expenses - Accrued Expenses (Detail)
Business Combinations
Business Combinations (Tables)
Business Combinations - Schedule Of Preliminary Allocations Of Purchase To Certain Intangible Assets Acquired And Goodwill (Detail)
Comprehensive Income
Comprehensive Income (Tables)
Comprehensive Income - Summary Of Adjustments For (Gains) Losses Reclassified From Aoci Into Condensed Consolidated Statements Of Income And Affected Financial Statement Line Item (Detail)
Comprehensive Income - Summary Of Components Of Aoci (Detail)
Contingencies
Contingencies - Additional Information (Detail)
Credit Arrangements
Credit Arrangements (Tables)
Credit Arrangements - Additional Information (Detail)
Credit Arrangements - Contractual Maturities Of Long-Term Debt (Detail)
Credit Arrangements - Summary Of Credit Facilities (Detail)
Credit Arrangements - Summary Of Debt (Detail)
Derivatives
Derivatives (Tables)
Derivatives - Additional Information (Detail)
Derivatives - Pre-Tax Effect Of Cash Flow Hedging Instruments On Other Comprehensive (Loss) Income (Detail)
Derivatives - Summary Of Fair Values Of Derivative Instruments Designated As Hedges (Detail)
Earnings Per Share
Earnings Per Share (Tables)
Earnings Per Share - Reconciles The Basic To Diluted Weighted Average Shares Outstanding (Detail)
Earnings Per Share - Summary Of Weighted-Average Outstanding Stock-Based Awards Excluded From Computation Of Diluted Earnings Per Share (Detail)
Employee Benefit Plans
Employee Benefit Plans (Tables)
Employee Benefit Plans - Accumulated Benefit Obligation For Pension Benefit Plans (Detail)
Employee Benefit Plans - Assumptions Used To Estimate Value Of Stock-Based Compensation For Stock Options And Stock Appreciation Rights Issued (Detail)
Employee Benefit Plans - Components Of Net Periodic Benefit Cost And Other Changes In Plan Assets And Benefit Obligations Recognized In Other Comprehensive Income (Loss) (Detail)
Employee Benefit Plans - Defined Contribution Plans And Defined Benefit Plans - Additional Information (Detail)
Employee Benefit Plans - Other Plans - Additional Information (Detail)
Employee Benefit Plans - Pension And Postretirement Benefit Plans - Additional Information (Detail)
Employee Benefit Plans - Schedule Of Expected Benefit Payments, Net Of Expected Participants Contributions For Pension Benefits (Detail)
Employee Benefit Plans - Schedule Of Pension Plan Weighted Average Asset Allocations (Detail)
Employee Benefit Plans - Schedule Of Plan Assets Measured At Fair Value (Detail)
Employee Benefit Plans - Schedule Of Stock Appreciation Rights - Stock Settled And Cash Settled Activity (Detail)
Employee Benefit Plans - Schedule Of Stock Options Outstanding And Exercisable (Detail)
Employee Benefit Plans - Schedule Of Target Asset Allocation For Pension Plans (Detail)
Employee Benefit Plans - Schedule Of Weighted Average Assumptions Used To Determine Net Periodic Benefit Cost And Benefit Obligations (Detail)
Employee Benefit Plans - Stock Incentive Plans - Additional Information (Detail)
Employee Benefit Plans - Summary Of Amounts Recognized In Consolidated Balance Sheets Related To The Pension Benefit Plans (Detail)
Employee Benefit Plans - Summary Of Changes In Benefit Obligation, Plan Assets And Funded Status Of Pension Benefit Plans (Detail)
Employee Benefit Plans - Summary Of Pension Plans With Accumulated Benefit Obligation In Excess Of Plan Assets And Projected Benefit Obligations In Excess Of Plan Assets (Detail)
Employee Benefit Plans - Summary Of Performance Award Activity (Detail)
Employee Benefit Plans - Summary Of Restricted Stock Awards Activity (Detail)
Employee Benefit Plans - Summary Of Restricted Stock Units - Stock Settled And Cash Settled Activity (Detail)
Employee Benefit Plans - Summary Of Stock Option Activity (Detail)
Fair Value Measurements
Fair Value Measurements (Tables)
Fair Value Measurements - Additional Information (Detail)
Fair Value Measurements - Changes In Level 3 Financial Assets And Liabilities Measured On Recurring Basis (Detail)
Fair Value Measurements - Fair Value Of Financial Assets And Liabilities Measured On Recurring Basis (Detail)
Fair Value Measurements - Key Assumptions (Details)
Goodwill And Identifiable Intangible Assets
Goodwill And Identifiable Intangible Assets (Tables)
Goodwill And Identifiable Intangible Assets - Additional Information (Detail)
Goodwill And Identifiable Intangible Assets - Summary Of Amortization Expense Associated With Identifiable Definite-Lived Intangible Assets (Detail)
Goodwill And Identifiable Intangible Assets - Summary Of Goodwill By Segment (Detail)
Goodwill And Identifiable Intangible Assets - Summary Of Identifiable Intangible Assets (Detail)
Income Taxes
Income Taxes (Tables)
Income Taxes - Additional Information (Detail)
Income Taxes - Components Of Income Before Income Taxes And Equity In Earnings (Losses) Of Unconsolidated Affiliates (Detail)
Income Taxes - Components Of Income Tax Expense Attributable To Continuing Operations (Detail)
Income Taxes - Effective Income Tax Rate Reconciliation (Detail)
Income Taxes - Income Tax Effects Of Temporary Differences From Continuing Operations That Give Rise To Significant Portions Of Deferred Income Tax Assets (Liabilities) (Detail)
Income Taxes - Reconciliation Of Beginning And Ending Amount Of Gross Unrecognized Income Tax Benefits (Detail)
Income Taxes - Summary Of Tax Years Open For Examination (Detail)
Investments
Investments (Tables)
Investments - Investments In And Advances To Unconsolidated Affiliates (Detail)
Investments - Summary Of Investments In Unconsolidated Variable Interest Entities And Estimated Maximum Exposure To Loss (Detail)
Leases
Leases (Tables)
Leases - Additional Information (Detail)
Leases - Components Of Lease Expense (Detail)
Leases - Future Minimum Lease Payments Under Non-Cancellable Leases (Detail)
Leases - Other Information Related To Leases (Detail)
Property And Equipment
Property And Equipment (Tables)
Property And Equipment - Summary Of Major Classes Of Property And Equipment (Detail)
Property And Equipment -Schedule Of Property And Equipment Depreciation Expense (Detail)
Property, Equipment And Software By Geography
Property, Equipment And Software By Geography (Tables)
Property, Equipment And Software By Geography - Property, Equipment And Software, Net, By Geographic Region (Detail)
Quarterly Financial Data (Unaudited)
Quarterly Financial Data (Unaudited) (Tables)
Quarterly Financial Data (Unaudited) - Unaudited Quarterly Results Of Operations (Detail)
Related Party Transactions
Restructuring
Restructuring (Tables)
Restructuring - Additional Information (Detail)
Restructuring - Summary Of Amounts Recorded For Restructuring Plans (Detail)
Revenues By Geography, Concentration Of Credit Risk And Remaining Performance Obligations
Revenues By Geography, Concentration Of Credit Risk And Remaining Performance Obligations (Tables)
Revenues By Geography, Concentration Of Credit Risk And Remaining Performance Obligations - Credit Risk (Detail)
Revenues By Geography, Concentration Of Credit Risk And Remaining Performance Obligations - Future Obligations (Detail)
Revenues By Geography, Concentration Of Credit Risk And Remaining Performance Obligations - Summary Of Revenues By Geographical Region And Reportable Segment (Detail)
Schedule I - Additional Information (Detail)
Schedule I - Condensed Balance Sheets (Detail)
Schedule I - Condensed Balance Sheets -Narrative (Detail)
Schedule I - Condensed Financial Information Of Registrant
Schedule I - Condensed Statements Of Cash Flows (Detail)
Schedule I - Condensed Statements Of Comprehensive (Loss) Income (Detail)
Schedule I - Condensed Statements Of Comprehensive (Loss) Income Narrative (Detail)
Schedule I - Condensed Statements Of Income (Detail)
Schedule I - Dividends Paid (Detail)
Schedule Ii - Valuation And Qualifying Accounts
Schedule Ii - Valuation And Qualifying Accounts (Detail)
Segments
Segments (Tables)
Segments - Additional Information (Detail)
Segments - Operations By Reportable Segments (Detail)
Stockholders' Equity
Stockholders' Equity (Tables)
Stockholders' Equity - Additional Information (Detail)
Stockholders' Equity - Schedule Of Share Repurchases Made Both Under And Outside Of Repurchase Program (Detail)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Policies)
Summary Of Significant Accounting Policies (Tables)
Summary Of Significant Accounting Policies - Additional Information (Detail)
Summary Of Significant Accounting Policies - Definite-Lived Identifiable Intangible Assets Amortized (Detail)
Summary Of Significant Accounting Policies - Property And Equipment At Cost Using Straight-Line Method (Detail)
Supplemental Cash Flow Information
Supplemental Cash Flow Information (Tables)
Supplemental Cash Flow Information - Supplemental Cash Flow Information (Detail)
Trade Accounts Receivable, Unbilled Services And Unearned Income
Trade Accounts Receivable, Unbilled Services And Unearned Income (Tables)
Trade Accounts Receivable, Unbilled Services And Unearned Income - Additional Information (Detail)
Trade Accounts Receivable, Unbilled Services And Unearned Income - Schedule Of Net Contract Assets (Liabilities) (Detail)
Trade Accounts Receivable, Unbilled Services And Unearned Income - Trade Accounts Receivable And Unbilled Services (Detail)
Ticker: IQV
CIK: 1478242
Form Type: 10-K Annual Report
Accession Number: 0001478242-21-000020
Submitted to the SEC: Fri Feb 12 2021 4:16:25 PM EST
Accepted by the SEC: Fri Feb 12 2021
Period: Thursday, December 31, 2020
Industry: Commercial Physical And Biological Research

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