Stock Analysis on Net

IQVIA Holdings Inc. (NYSE:IQV)

This company has been moved to the archive! The financial data has not been updated since November 1, 2023.

Analysis of Property, Plant and Equipment

Microsoft Excel

Property, Plant and Equipment Disclosure

IQVIA Holdings Inc., balance sheet: property, plant and equipment

US$ in millions

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Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Land, buildings and leasehold improvements 363 376 351 331 326
Equipment 852 745 657 570 521
Transportation equipment 83 69 71 73 72
Furniture and fixtures 74 72 76 81 82
Property and equipment, gross 1,372 1,262 1,155 1,055 1,001
Accumulated depreciation (840) (765) (673) (597) (567)
Property and equipment, net 532 497 482 458 434

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).

Item Description The company
Property and equipment, gross Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. IQVIA Holdings Inc. property and equipment, gross increased from 2020 to 2021 and from 2021 to 2022.
Property and equipment, net Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. IQVIA Holdings Inc. property and equipment, net increased from 2020 to 2021 and from 2021 to 2022.

Asset Age Ratios (Summary)

IQVIA Holdings Inc., asset age ratios

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Average age ratio 61.22% 60.62% 58.27% 56.59% 56.64%
Estimated total useful life (years) 9 9 9 8 8
Estimated age, time elapsed since purchase (years) 5 5 5 5 5
Estimated remaining life (years) 3 3 4 4 3

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).

Asset age ratio Description The company
Average age ratio As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient. IQVIA Holdings Inc. average age ratio of depreciable property, plant and equipment deteriorated from 2020 to 2021 and from 2021 to 2022.
Estimated total useful life Over longer time periods, this ratio is a useful measure of company depreciation policy and can be used for comparisons with competitors. IQVIA Holdings Inc. estimated total useful life of depreciable property, plant and equipment decreased from 2020 to 2021 and from 2021 to 2022.
Estimated time elapsed since purchase The approximate age in years of a company fixed assets. Useful for comparison purposes. IQVIA Holdings Inc. estimated time elapsed since purchase of depreciable property, plant and equipment deteriorated from 2020 to 2021 and from 2021 to 2022.
Estimated remaining life IQVIA Holdings Inc. estimated remaining life of depreciable property, plant and equipment decreased from 2020 to 2021 and from 2021 to 2022.

Average Age

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in millions)
Accumulated depreciation 840 765 673 597 567
Property and equipment, gross 1,372 1,262 1,155 1,055 1,001
Asset Age Ratio
Average age1 61.22% 60.62% 58.27% 56.59% 56.64%

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 Average age = 100 × Accumulated depreciation ÷ Property and equipment, gross
= 100 × 840 ÷ 1,372 = 61.22%

Asset age ratio Description The company
Average age As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient. IQVIA Holdings Inc. average age ratio of depreciable property, plant and equipment deteriorated from 2020 to 2021 and from 2021 to 2022.

Estimated Total Useful Life

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in millions)
Property and equipment, gross 1,372 1,262 1,155 1,055 1,001
Depreciation expense 160 147 134 128 125
Asset Age Ratio (Years)
Estimated total useful life1 9 9 9 8 8

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 Estimated total useful life = Property and equipment, gross ÷ Depreciation expense
= 1,372 ÷ 160 = 9

Asset age ratio Description The company
Estimated total useful life Over longer time periods, this ratio is a useful measure of company depreciation policy and can be used for comparisons with competitors. IQVIA Holdings Inc. estimated total useful life of depreciable property, plant and equipment decreased from 2020 to 2021 and from 2021 to 2022.

Estimated Age, Time Elapsed since Purchase

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in millions)
Accumulated depreciation 840 765 673 597 567
Depreciation expense 160 147 134 128 125
Asset Age Ratio (Years)
Time elapsed since purchase1 5 5 5 5 5

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 Time elapsed since purchase = Accumulated depreciation ÷ Depreciation expense
= 840 ÷ 160 = 5

Asset age ratio Description The company
Estimated time elapsed since purchase The approximate age in years of a company fixed assets. Useful for comparison purposes. IQVIA Holdings Inc. estimated time elapsed since purchase of depreciable property, plant and equipment deteriorated from 2020 to 2021 and from 2021 to 2022.

Estimated Remaining Life

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in millions)
Property and equipment, net 532 497 482 458 434
Depreciation expense 160 147 134 128 125
Asset Age Ratio (Years)
Estimated remaining life1 3 3 4 4 3

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 Estimated remaining life = Property and equipment, net ÷ Depreciation expense
= 532 ÷ 160 = 3

Asset age ratio Description The company
Estimated remaining life IQVIA Holdings Inc. estimated remaining life of depreciable property, plant and equipment decreased from 2020 to 2021 and from 2021 to 2022.