IQVIA Holdings Inc. Files Q3 2024 10-Q

TL;DR

IQVIA filed its Q3 2024 10-Q. Financials are in.

AI Summary

IQVIA Holdings Inc. filed its 10-Q for the period ending September 30, 2024. The filing covers the third quarter of 2024 and provides financial details for the company, which operates in commercial physical & biological research services. The company's principal executive offices are located at 2400 Ellis Road, Durham, NC.

Why It Matters

This filing provides investors and analysts with the latest financial performance and operational details of IQVIA Holdings Inc., crucial for understanding the company's current health and future prospects.

Risk Assessment

Risk Level: low — This is a standard quarterly financial filing with no immediate red flags.

Key Numbers

• 20240930 — Period End Date (The filing covers financial data up to this date.)
• 20241031 — Filing Date (The date the report was officially submitted.)
• 2024 Q3 — Reporting Quarter (Indicates the specific quarter for which financial information is provided.)

Key Players & Entities

• IQVIA HOLDINGS INC. (company) — Filer
• 2400 ELLIS ROAD (location) — Business Address
• DURHAM (location) — Business City
• NC (location) — Business State
• 27703 (location) — Business Zip Code
• Quintiles IMS Holdings, Inc. (company) — Former Company Name
• Quintiles Transnational Holdings Inc. (company) — Former Company Name

FAQ

Key Financial Figures

• $0.01 — ch Registered Common Stock, par value $0.01 per share IQV New York Stock Exchange

Filing Documents

• iqv-20240930.htm (10-Q) — 1411KB
• iqv-20240930xexhibit221.htm (EX-22.1) — 19KB
• iqv-20240930xexhibit311.htm (EX-31.1) — 9KB
• iqv-20240930xexhibit312.htm (EX-31.2) — 9KB
• iqv-20240930xexhibit321.htm (EX-32.1) — 6KB
• iqv-20240930xexhibit322.htm (EX-32.2) — 6KB
• iqv-20240930_g1.jpg (GRAPHIC) — 8KB
• 0001478242-24-000117.txt ( ) — 7502KB
• iqv-20240930.xsd (EX-101.SCH) — 53KB
• iqv-20240930_cal.xml (EX-101.CAL) — 75KB
• iqv-20240930_def.xml (EX-101.DEF) — 229KB
• iqv-20240930_lab.xml (EX-101.LAB) — 637KB
• iqv-20240930_pre.xml (EX-101.PRE) — 452KB
• iqv-20240930_htm.xml (XML) — 1134KB

—FINANCIAL INFORMATION

PART I—FINANCIAL INFORMATION 3 Item 1.

Financial Statements (unaudited)

Financial Statements (unaudited) 3 Condensed Consolidated Statements of Income for the three and nine months ended September 30, 2024 and 2023 3 Condensed Consolidated Statements of Comprehensive Income for the three and nine months ended September 30, 2024 and 2023 4 Condensed Consolidated Balance Sheets as of September 30, 2024 and December 31, 2023 5 Condensed Consolidated Statements of Cash Flows for the nine months ended September 30, 2024 and 2023 6 Condensed Consolidated Statements of Stockholders' Equity for the three and nine months ended September 30, 2024 and 2023 7 Notes to Condensed Consolidated Financial Statements 9 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 23 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 35 Item 4.

Controls and Procedures

Controls and Procedures 35

—OTHER INFORMATION

PART II—OTHER INFORMATION 36 Item 1.

Legal Proceedings

Legal Proceedings 36 Item 1A .

Risk Factors

Risk Factors 36 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 36

Other Information

Item 5. Other Information 37 Item 6. Exhibits 38

SIGNATURES

SIGNATURES 39 2 Table of contents

—FINANCIAL INFORMATION

PART I—FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements IQVIA HOLDINGS INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited) Three Months Ended September 30, Nine Months Ended September 30, (in millions, except per share data) 2024 2023 2024 2023 Revenues $ 3,896 $ 3,736 $ 11,447 $ 11,116 Cost of revenues, exclusive of depreciation and amortization 2,518 2,426 7,450 7,267 Selling, general and administrative expenses 522 502 1,539 1,497 Depreciation and amortization 278 297 811 809 Restructuring costs 28 30 71 67 Income from operations 550 481 1,576 1,476 Interest income ( 13 ) ( 14 ) ( 36 ) ( 24 ) Interest expense 170 181 499 491 Other expense (income), net 44 ( 35 ) ( 12 ) ( 77 ) Income before income taxes and equity in earnings of unconsolidated affiliates 349 349 1,125 1,086 Income tax expense 65 51 189 203 Income before equity in earnings of unconsolidated affiliates 284 298 936 883 Equity in earnings of unconsolidated affiliates 1 5 — 6 Net income $ 285 $ 303 $ 936 $ 889 Earnings per share attributable to common stockholders: Basic $ 1.57 $ 1.66 $ 5.14 $ 4.82 Diluted $ 1.55 $ 1.63 $ 5.08 $ 4.76 Weighted average common shares outstanding: Basic 182.1 182.9 182.1 184.4 Diluted 184.2 185.5 184.3 186.9 The accompanying notes are an integral part of these condensed consolidated financial statements. 3 Table of contents IQVIA HOLDINGS INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (unaudited) Three Months Ended September 30, Nine Months Ended September 30, (in millions) 2024 2023 2024 2023 Net income $ 285 $ 303 $ 936 $ 889 Comprehensive income adjustments: Unrealized (losses) gains on derivative instruments, net of income tax (benefit) expense of $( 14 ),$ — ,$ 2 ,$ 11 ( 41 ) 2 8 34 Defined benefit plan adjustments, net of income tax expense of $ — , $ — ,$ — ,$ — ( 1 ) — ( 1 ) 1 Foreign currency translation, net of income tax (benefit) expense of $( 37 ),$ 44 ,$ 13 ,$ 12 173 ( 136 ) 62 ( 17

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View this 10-Q filing on SEC EDGAR