Stock Analysis on Net
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.

Common-Size Balance Sheet: Assets 

IQVIA Holdings Inc., common-size consolidated balance sheet: assets

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Cash and cash equivalents 4.80 5.53 7.38 3.60 3.95
Trade accounts receivable and unbilled services, net 11.51 10.33 9.81 11.10 10.62
Prepaid expenses 0.60 0.63 0.65 0.59 0.67
Income taxes receivable 0.17 0.23 0.23 0.24 0.31
Investments in debt, equity and other securities 0.37 0.45 0.36 0.27 0.21
Other current assets and receivables 2.21 2.11 2.29 1.94 1.43
Current assets 19.66% 19.29% 20.72% 17.75% 17.18%
Property and equipment, net 2.10 2.01 1.96 1.97 1.92
Finance lease right-of-use assets 0.90 0.75 0.50 0.00 0.00
Property and equipment, net, including finance lease right-of-use assets 3.00% 2.77% 2.46% 1.97% 1.92%
Operating lease right-of-use assets 1.31 1.64 1.92 2.13 0.00
Investments in debt, equity and other securities 0.27 0.31 0.32 0.28 0.18
Investments in unconsolidated affiliates 0.37 0.36 0.34 0.37 0.45
Goodwill 54.94 53.87 51.51 52.29 52.33
Other identifiable intangibles, net 19.02 20.02 21.19 23.72 26.39
Deferred income taxes 0.47 0.50 0.46 0.51 0.48
Deposits and other assets, net 0.96 1.24 1.07 0.98 1.06
Noncurrent assets 80.34% 80.71% 79.28% 82.25% 82.82%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00%

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).

Cash and Cash Equivalents
The proportion of cash and cash equivalents relative to total assets fluctuated over the analyzed period. It started at 3.95% in 2018, declined slightly to 3.6% in 2019, rose notably to 7.38% in 2020, and then gradually decreased to 5.53% in 2021 and further to 4.8% in 2022. This indicates a peak in liquidity in 2020, followed by a gradual reduction in liquid holdings as a percentage of total assets.
Trade Accounts Receivable and Unbilled Services, Net
There was a general upward trend in trade accounts receivable and unbilled services as a percentage of total assets, increasing from 10.62% in 2018 to 11.51% in 2022. A slight decline was observed in 2020, but values rebounded thereafter. This suggests a relative growth in amounts due from clients or work-in-progress recognized on the balance sheet over time.
Prepaid Expenses
Prepaid expenses remained relatively stable, representing a small fraction of total assets between 0.59% and 0.67%, without any significant trend.
Income Taxes Receivable
This item saw a gradual decrease over the period, dropping from 0.31% in 2018 to 0.17% in 2022, indicating diminishing tax receivables as a component of total assets.
Investments in Debt, Equity, and Other Securities (Current)
Current investments increased modestly from 0.21% in 2018 to a peak of 0.45% in 2021, before declining to 0.37% in 2022. The increase suggests a growing allocation toward marketable or near-marketable securities during the mid-period.
Other Current Assets and Receivables
There was a consistent increase from 1.43% in 2018 to 2.21% in 2022, showing an expanding portion of other current assets on the balance sheet.
Current Assets (Total)
This category increased from 17.18% in 2018 to a peak of 20.72% in 2020, then slightly decreased to 19.66% in 2022. This demonstrates an overall slight growth in current asset composition during the period considered.
Property and Equipment, Net (Excluding Lease Assets)
Property and equipment net of lease assets remained stable, increasing slightly from 1.92% in 2018 to 2.1% in 2022.
Finance Lease Right-of-Use Assets
Introduced in 2020 at 0.5%, these assets increased steadily to 0.75% in 2021 and 0.9% in 2022, indicating growing recognized finance lease obligations.
Property and Equipment Net Including Finance Lease Right-of-Use Assets
When including finance lease assets, this total rose from 1.92% in 2018 to 3% in 2022, reflecting the impact of lease accounting standards and asset acquisitions.
Operating Lease Right-of-Use Assets
Operating lease right-of-use assets started to be reported in 2019 at 2.13%, and showed a steady decline thereafter to 1.31% in 2022, suggesting a reduction in operating lease assets on the balance sheet over time.
Investments in Debt, Equity, and Other Securities (Noncurrent)
Noncurrent investments fluctuated slightly, increasing from 0.18% in 2018 to 0.32% in 2020 and then gradually decreasing to 0.27% in 2022, remaining a minor component of total assets.
Investments in Unconsolidated Affiliates
These holdings consistently declined slightly from 0.45% in 2018 to 0.34% in 2020, before stabilizing near 0.37% in 2022, reflecting a small but stable footprint in associated entities.
Goodwill
Goodwill comprised the largest portion of total assets, hovering above 50% throughout, with a slight downward movement from 52.33% in 2018 to 51.51% in 2020, then rising to 54.94% in 2022. This indicates substantial intangible asset recognition and possible acquisitions or impairments adjusting goodwill balances.
Other Identifiable Intangibles, Net
There was a clear downward trend in other identifiable intangible assets as a percentage of total assets, decreasing from 26.39% in 2018 to 19.02% in 2022. This suggests systematic amortization or disposals reducing intangible asset balances over time.
Deferred Income Taxes
Deferred income taxes remained relatively stable, fluctuating slightly around 0.46% to 0.51% without a clear directional trend.
Deposits and Other Assets, Net
This category remained generally steady, around 1% of total assets, with some variation but no significant trend.
Noncurrent Assets (Total)
Noncurrent assets formed the majority of the asset base throughout the period, consistently comprising about 80% to 83% of total assets, reflecting a stable asset structure predominantly weighted towards long-term investments and assets.
Total Assets
Total assets are consistently normalized at 100% for each year, serving as the denominator in these ratio calculations.