IQVIA Holdings (IQV) FY2016 results: revenue $6.8 billion, up 18.8% on the year
IQVIA Holdings Inc. (IQV) reported revenue of $6.8 billion for fiscal 2016, the year ended 31 December 2016, up 18.8% on the year before. Net income was $72 million, down 81.4%, and diluted earnings per share $0.47. The figures are the company's own, from the 10-K it filed with the SEC on 16 February 2017.
Revenue
$6.8 billion
+18.8% on the year
FY2011FY2016
Operating margin
8.5%
11.3% a year earlier
FY2011FY2016
Net income
$72 million
-81.4% on the year
FY2011FY2016
Diluted EPS
$0.47
-84.7% on the year
FY2011FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
6,815
5,738
5,460
+18.8%
Cost of revenue
3,236
2,705
2,664
+19.6%
Gross profit
n/a
3,033
2,796
Gross margin
n/a
52.9%
51.2%
Research and development
n/a
3.3
5.8
Selling, general and administrative
1,016
815
781
+24.7%
Operating income
576
647
590
-10.9%
Operating margin
8.5%
11.3%
10.8%
Interest expense
144
101
101
+42.6%
Pre-tax income
416
539
501
-22.8%
Income tax
325
159
149
+104.4%
Effective tax rate
78.1%
29.5%
29.7%
Net income
72.0
387
356
-81.4%
Net margin
1.1%
6.7%
6.5%
Diluted EPS
$0.47
$3.08
$2.72
-84.7%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
860
476
433
+80.7%
Capital expenditure
164
78.0
83.0
+110.3%
Free cash flow
696
398
350
+74.9%
Free cash flow margin
10.2%
6.9%
6.4%
Cash from investing
1,731
n/a
n/a
Cash from financing
-2,284
n/a
n/a
Depreciation and amortisation
289
128
121
+125.8%
Share-based compensation
80.0
38.0
30.0
+110.5%
Buybacks
1,097
515
415
+113.0%
Diluted shares, weighted
152m
126m
131m
+21.0%
Shares outstanding at period end
248m
119m
124m
+108.0%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
8,633
-564
-704
Non-controlling interest
227
228
0.0
-0.4%
Debt
7,219
2,501
2,306
+188.7%
Other liabilities
5,129
1,762
1,694
+191.1%
Total liabilities and equity
21,208
3,926
3,296
+440.2%
Fixed assets
406
188
190
+116.0%
Goodwill
10,727
720
464
+1,390.4%
Intangible assets
6,390
368
280
+1,635.9%
Investments
53.0
33.0
34.5
+60.6%
Cash and equivalents
1,198
977
867
+22.6%
Receivables
1,707
1,166
975
+46.4%
Other assets
727
475
484
+53.2%
Total assets
21,208
3,926
3,296
+440.2%
10-K for the year ended 31 December 2016, filed 16 February 2017: the filing.