Goodwill and Intangible Asset Disclosure
Adjustments to Financial Statements: Removal of Goodwill
Adjusted Financial Ratios: Removal of Goodwill (Summary)
Adjusted Total Asset Turnover
Adjusted Financial Leverage
Adjusted Return on Equity (ROE)
Adjusted Return on Assets (ROA)

IQVIA Holdings Inc., balance sheet: goodwill and intangible assets

US$ in millions

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Goodwill	13,921)	13,301)	12,654)	12,159)	11,800)
Client relationships and backlog	5,339)	5,193)	5,095)	4,809)	4,620)
Software and related assets	3,106)	2,637)	2,109)	1,620)	1,279)
Trademarks, trade names and other	545)	550)	544)	528)	526)
Databases	1,817)	1,889)	1,930)	1,836)	1,828)
Non-compete agreements	23)	17)	28)	32)	27)
Definite-lived identifiable intangible assets, gross amount	10,830)	10,286)	9,706)	8,825)	8,280)
Accumulated amortization	(6,010)	(5,343)	(4,519)	(3,329)	(2,347)
Definite-lived identifiable intangible assets, net amount	4,820)	4,943)	5,187)	5,496)	5,933)
Trade name	—)	—)	18)	18)	18)
Indefinite-lived other identifiable intangible assets	—)	—)	18)	18)	18)
Other identifiable intangible assets	4,820)	4,943)	5,205)	5,514)	5,951)
Goodwill and other identifiable intangible assets	18,741)	18,244)	17,859)	17,673)	17,751)

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

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Item	Description	The company
Goodwill	Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.	IQVIA Holdings Inc. goodwill increased from 2020 to 2021 and from 2021 to 2022.
Other identifiable intangible assets	Sum of the carrying amounts of all intangible assets, excluding goodwill, as of the balance sheet date, net of accumulated amortization and impairment charges.	IQVIA Holdings Inc. other identifiable intangible assets decreased from 2020 to 2021 and from 2021 to 2022.
Goodwill and other identifiable intangible assets	Sum of the carrying amounts of all intangible assets, including goodwill, as of the balance sheet date, net of accumulated amortization and impairment charges.	IQVIA Holdings Inc. goodwill and other identifiable intangible assets increased from 2020 to 2021 and from 2021 to 2022.

IQVIA Holdings Inc., adjustments to financial statements

US$ in millions

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Adjustment to Total Assets
Total assets (as reported)	25,337)	24,689)	24,564)	23,251)	22,549)
Less: Goodwill	13,921)	13,301)	12,654)	12,159)	11,800)
Total assets (adjusted)	11,416)	11,388)	11,910)	11,092)	10,749)
Adjustment to Equity Attributable To IQVIA Holdings Inc.’s Stockholders
Equity attributable to IQVIA Holdings Inc.’s stockholders (as reported)	5,765)	6,042)	6,001)	6,003)	6,714)
Less: Goodwill	13,921)	13,301)	12,654)	12,159)	11,800)
Equity attributable to IQVIA Holdings Inc.’s stockholders (adjusted)	(8,156)	(7,259)	(6,653)	(6,156)	(5,086)

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

IQVIA Holdings Inc., Financial Data: Reported vs. Adjusted

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IQVIA Holdings Inc., adjusted financial ratios

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Total Asset Turnover
Reported total asset turnover	0.57	0.56	0.46	0.48	0.46
Adjusted total asset turnover	1.26	1.22	0.95	1.00	0.97
Financial Leverage
Reported financial leverage	4.39	4.09	4.09	3.87	3.36
Adjusted financial leverage	—	—	—	—	—
Return on Equity (ROE)
Reported ROE	18.92%	15.99%	4.65%	3.18%	3.86%
Adjusted ROE	—	—	—	—	—
Return on Assets (ROA)
Reported ROA	4.31%	3.91%	1.14%	0.82%	1.15%
Adjusted ROA	9.56%	8.48%	2.34%	1.72%	2.41%

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

Financial ratio	Description	The company
Adjusted total asset turnover	An activity ratio calculated as total revenue divided by adjusted total assets.	IQVIA Holdings Inc. adjusted total asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022.
Adjusted ROA	A profitability ratio calculated as net income divided by adjusted total assets.	IQVIA Holdings Inc. adjusted ROA improved from 2020 to 2021 and from 2021 to 2022.

IQVIA Holdings Inc., Financial Ratios: Reported vs. Adjusted

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	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Selected Financial Data (US$ in millions)
Revenues	14,410)	13,874)	11,359)	11,088)	10,412)
Total assets	25,337)	24,689)	24,564)	23,251)	22,549)
Activity Ratio
Total asset turnover¹	0.57	0.56	0.46	0.48	0.46
Adjusted for Goodwill
Selected Financial Data (US$ in millions)
Revenues	14,410)	13,874)	11,359)	11,088)	10,412)
Adjusted total assets	11,416)	11,388)	11,910)	11,092)	10,749)
Activity Ratio
Adjusted total asset turnover²	1.26	1.22	0.95	1.00	0.97

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

2022 Calculations

¹ Total asset turnover = Revenues ÷ Total assets
= 14,410 ÷ 25,337 = 0.57

² Adjusted total asset turnover = Revenues ÷ Adjusted total assets
= 14,410 ÷ 11,416 = 1.26

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Activity ratio	Description	The company
Adjusted total asset turnover	An activity ratio calculated as total revenue divided by adjusted total assets.	IQVIA Holdings Inc. adjusted total asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022.

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Selected Financial Data (US$ in millions)
Total assets	25,337)	24,689)	24,564)	23,251)	22,549)
Equity attributable to IQVIA Holdings Inc.’s stockholders	5,765)	6,042)	6,001)	6,003)	6,714)
Solvency Ratio
Financial leverage¹	4.39	4.09	4.09	3.87	3.36
Adjusted for Goodwill
Selected Financial Data (US$ in millions)
Adjusted total assets	11,416)	11,388)	11,910)	11,092)	10,749)
Adjusted equity attributable to IQVIA Holdings Inc.’s stockholders	(8,156)	(7,259)	(6,653)	(6,156)	(5,086)
Solvency Ratio
Adjusted financial leverage²	—	—	—	—	—

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

2022 Calculations

¹ Financial leverage = Total assets ÷ Equity attributable to IQVIA Holdings Inc.’s stockholders
= 25,337 ÷ 5,765 = 4.39

² Adjusted financial leverage = Adjusted total assets ÷ Adjusted equity attributable to IQVIA Holdings Inc.’s stockholders
= 11,416 ÷ -8,156 = —

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	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Selected Financial Data (US$ in millions)
Net income attributable to IQVIA Holdings Inc.	1,091)	966)	279)	191)	259)
Equity attributable to IQVIA Holdings Inc.’s stockholders	5,765)	6,042)	6,001)	6,003)	6,714)
Profitability Ratio
ROE¹	18.92%	15.99%	4.65%	3.18%	3.86%
Adjusted for Goodwill
Selected Financial Data (US$ in millions)
Net income attributable to IQVIA Holdings Inc.	1,091)	966)	279)	191)	259)
Adjusted equity attributable to IQVIA Holdings Inc.’s stockholders	(8,156)	(7,259)	(6,653)	(6,156)	(5,086)
Profitability Ratio
Adjusted ROE²	—	—	—	—	—

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

2022 Calculations

¹ ROE = 100 × Net income attributable to IQVIA Holdings Inc. ÷ Equity attributable to IQVIA Holdings Inc.’s stockholders
= 100 × 1,091 ÷ 5,765 = 18.92%

² Adjusted ROE = 100 × Net income attributable to IQVIA Holdings Inc. ÷ Adjusted equity attributable to IQVIA Holdings Inc.’s stockholders
= 100 × 1,091 ÷ -8,156 = —

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	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Selected Financial Data (US$ in millions)
Net income attributable to IQVIA Holdings Inc.	1,091)	966)	279)	191)	259)
Total assets	25,337)	24,689)	24,564)	23,251)	22,549)
Profitability Ratio
ROA¹	4.31%	3.91%	1.14%	0.82%	1.15%
Adjusted for Goodwill
Selected Financial Data (US$ in millions)
Net income attributable to IQVIA Holdings Inc.	1,091)	966)	279)	191)	259)
Adjusted total assets	11,416)	11,388)	11,910)	11,092)	10,749)
Profitability Ratio
Adjusted ROA²	9.56%	8.48%	2.34%	1.72%	2.41%

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

2022 Calculations

¹ ROA = 100 × Net income attributable to IQVIA Holdings Inc. ÷ Total assets
= 100 × 1,091 ÷ 25,337 = 4.31%

² Adjusted ROA = 100 × Net income attributable to IQVIA Holdings Inc. ÷ Adjusted total assets
= 100 × 1,091 ÷ 11,416 = 9.56%

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Profitability ratio	Description	The company
Adjusted ROA	A profitability ratio calculated as net income divided by adjusted total assets.	IQVIA Holdings Inc. adjusted ROA improved from 2020 to 2021 and from 2021 to 2022.

IQVIA Holdings Inc. (NYSE:IQV)

Analysis of Goodwill and Intangible Assets

Goodwill and Intangible Asset Disclosure

Adjustments to Financial Statements: Removal of Goodwill

IQVIA Holdings Inc., Financial Data: Reported vs. Adjusted

Adjusted Financial Ratios: Removal of Goodwill (Summary)

IQVIA Holdings Inc., Financial Ratios: Reported vs. Adjusted

Adjusted Total Asset Turnover

Adjusted Financial Leverage

Adjusted Return on Equity (ROE)

Adjusted Return on Assets (ROA)