IQVIA Holdings (IQV) FY2021 results: revenue $13.9 billion, up 22.1% on the year
IQVIA Holdings Inc. (IQV) reported revenue of $13.9 billion for fiscal 2021, the year ended 31 December 2021, up 22.1% on the year before. Net income was $966 million, up 246.2%, and diluted earnings per share $4.95. The figures are the company's own, from the 10-K it filed with the SEC on 16 February 2022.
Revenue
$13.9 billion
+22.1% on the year
FY2014FY2021
Operating margin
10.0%
6.4% a year earlier
FY2014FY2021
Net income
$966 million
+246.2% on the year
FY2014FY2021
Diluted EPS
$4.95
+246.2% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
2,942
1,959
1,417
+50.2%
Capital expenditure
640
616
582
+3.9%
Free cash flow
2,302
1,343
835
+71.4%
Free cash flow margin
16.6%
11.8%
7.5%
Cash from investing
-2,103
-796
-1,190
Cash from financing
-1,235
-217
-276
Depreciation and amortisation
1,264
1,287
1,202
-1.8%
Share-based compensation
170
95.0
146
+78.9%
Buybacks
406
447
949
-9.2%
Diluted shares, weighted
195m
195m
200m
0.0%
Shares outstanding at period end
191m
191m
192m
-0.3%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
6,042
6,001
6,003
+0.7%
Non-controlling interest
0.0
279
260
Debt
12,125
12,533
11,645
-3.3%
Operating lease liabilities
313
371
396
-15.6%
Finance lease liabilities
177
122
n/a
+45.1%
Other liabilities
6,032
5,258
4,947
+14.7%
Total liabilities and equity
24,689
24,564
23,251
+0.5%
Fixed assets
497
482
458
+3.1%
Goodwill
13,301
12,654
12,159
+5.1%
Intangible assets
4,943
5,205
5,514
-5.0%
Investments
111
88.0
62.0
+26.1%
Cash and equivalents
1,366
1,814
837
-24.7%
Receivables
2,551
2,410
2,582
+5.9%
Other assets
1,920
1,911
1,639
+0.5%
Total assets
24,689
24,564
23,251
+0.5%
10-K for the year ended 31 December 2021, filed 16 February 2022: the filing.