IQVIA Holdings (IQV) FY2015 results: revenue $5.7 billion, up 5.1% on the year
IQVIA Holdings Inc. (IQV) reported revenue of $5.7 billion for fiscal 2015, the year ended 31 December 2015, up 5.1% on the year before. Net income was $387 million, up 8.6%, and diluted earnings per share $3.08. The figures are the company's own, from the 10-K it filed with the SEC on 11 February 2016.
Revenue
$5.7 billion
+5.1% on the year
FY2011FY2015
Operating margin
11.3%
10.8% a year earlier
FY2011FY2015
Net income
$387 million
+8.6% on the year
FY2011FY2015
Diluted EPS
$3.08
+13.2% on the year
FY2011FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
5,738
5,460
5,100
+5.1%
Cost of revenue
2,705
2,664
2,471
+1.5%
Gross profit
3,033
2,796
2,628
+8.5%
Gross margin
52.9%
51.2%
51.5%
Research and development
3.3
5.8
5.0
-42.4%
Selling, general and administrative
815
781
861
+4.4%
Operating income
647
590
462
+9.5%
Operating margin
11.3%
10.8%
9.1%
Interest expense
101
101
124
0.0%
Pre-tax income
539
501
323
+7.6%
Income tax
159
149
96.0
+6.7%
Effective tax rate
29.5%
29.7%
29.7%
Net income
387
356
227
+8.6%
Net margin
6.7%
6.5%
4.4%
Diluted EPS
$3.08
$2.72
$1.77
+13.2%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
476
433
393
+9.9%
Capital expenditure
78.0
83.0
88.3
-6.0%
Free cash flow
398
350
305
+13.7%
Free cash flow margin
6.9%
6.4%
6.0%
Depreciation and amortisation
128
121
108
+5.8%
Share-based compensation
38.0
30.0
22.8
+26.7%
Buybacks
515
415
6.4
+24.1%
Diluted shares, weighted
126m
131m
128m
-4.2%
Shares outstanding at period end
119m
124m
130m
-3.8%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
-564
-704
-667
Non-controlling interest
228
0.0
-0.1
+465,206.1%
Debt
2,501
2,306
2,061
+8.5%
Other liabilities
1,762
1,694
1,661
+4.0%
Total liabilities and equity
3,926
3,296
3,054
+19.1%
Fixed assets
188
190
200
-1.2%
Goodwill
720
464
410
+55.0%
Intangible assets
368
280
298
+31.4%
Investments
33.0
34.5
40.3
-4.4%
Cash and equivalents
977
867
778
+12.7%
Receivables
1,166
975
924
+19.5%
Other assets
475
484
404
-1.9%
Total assets
3,926
3,296
3,054
+19.1%
10-K for the year ended 31 December 2015, filed 11 February 2016: the filing.