IQVIA Holdings (IQV) FY2018 results: revenue $10.4 billion, up 7.3% on the year
IQVIA Holdings Inc. (IQV) reported revenue of $10.4 billion for fiscal 2018, the year ended 31 December 2018, up 7.3% on the year before. Net income was $259 million, down 79.7%, and diluted earnings per share $1.24. The figures are the company's own, from the 10-K it filed with the SEC on 19 February 2019.
Revenue
$10.4 billion
+7.3% on the year
FY2011FY2018
Operating margin
7.1%
6.9% a year earlier
FY2011FY2018
Net income
$259 million
-79.7% on the year
FY2011FY2018
Diluted EPS
$1.24
-78.4% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
10,412
9,702
6,815
+7.3%
Cost of revenue
6,746
4,622
3,236
+46.0%
Gross profit
3,666
n/a
n/a
Gross margin
35.2%
n/a
n/a
Selling, general and administrative
1,716
1,622
1,016
+5.8%
Operating income
741
665
576
+11.4%
Operating margin
7.1%
6.9%
8.5%
Interest expense
414
346
144
+19.7%
Pre-tax income
328
294
416
+11.6%
Income tax
59.0
-992
325
Effective tax rate
18.0%
-337.4%
78.1%
Net income
259
1,277
72.0
-79.7%
Net margin
2.5%
13.2%
1.1%
Diluted EPS
$1.24
$5.74
$0.47
-78.4%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
1,254
970
860
+29.3%
Capital expenditure
459
369
164
+24.4%
Free cash flow
795
601
696
+32.3%
Free cash flow margin
7.6%
6.2%
10.2%
Cash from investing
-810
-1,190
1,731
Cash from financing
-452
-72.0
-2,284
Depreciation and amortisation
1,141
1,011
289
+12.9%
Share-based compensation
113
106
80.0
+6.6%
Buybacks
1,405
2,620
1,097
-46.4%
Diluted shares, weighted
208m
223m
152m
-6.5%
Shares outstanding at period end
198m
n/a
248m
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
6,714
7,995
8,633
-16.0%
Non-controlling interest
240
249
227
-3.6%
Debt
11,007
10,269
7,219
+7.2%
Other liabilities
4,588
4,344
5,129
+5.6%
Total liabilities and equity
22,549
22,857
21,208
-1.3%
Fixed assets
434
440
406
-1.4%
Goodwill
11,800
11,850
10,727
-0.4%
Intangible assets
5,951
6,591
6,390
-9.7%
Investments
88.0
54.0
53.0
+63.0%
Cash and equivalents
891
959
1,198
-7.1%
Receivables
2,394
2,097
1,707
+14.2%
Other assets
991
866
727
+14.4%
Total assets
22,549
22,857
21,208
-1.3%
10-K for the year ended 31 December 2018, filed 19 February 2019: the filing.