Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

IQVIA Holdings Inc., consolidated income statement

US$ in millions

12 months ended:	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Revenues	14,410)	13,874)	11,359)	11,088)	10,412)
Cost of revenues, exclusive of depreciation and amortization	(9,382)	(9,233)	(7,500)	(7,300)	(6,746)
Gross profit	5,028)	4,641)	3,859)	3,788)	3,666)
Selling, general and administrative expenses	(2,071)	(1,964)	(1,789)	(1,734)	(1,716)
Depreciation and amortization	(1,130)	(1,264)	(1,287)	(1,202)	(1,141)
Restructuring costs	(28)	(20)	(52)	(75)	(68)
Income from operations	1,799)	1,393)	731)	777)	741)
Interest income	13)	6)	6)	9)	8)
Interest expense	(416)	(375)	(416)	(447)	(414)
Loss on extinguishment of debt	—)	(26)	(13)	(24)	(2)
Other income (expense), net	(33)	130)	65)	37)	(5)
Income before income taxes and equity in earnings (losses) of unconsolidated affiliates	1,363)	1,128)	373)	352)	328)
Income tax expense	(260)	(163)	(72)	(116)	(59)
Income before equity in earnings (losses) of unconsolidated affiliates	1,103)	965)	301)	236)	269)
Equity in earnings (losses) of unconsolidated affiliates	(12)	6)	7)	(9)	15)
Net income	1,091)	971)	308)	227)	284)
Net income attributable to non-controlling interests	—)	(5)	(29)	(36)	(25)
Net income attributable to IQVIA Holdings Inc.	1,091)	966)	279)	191)	259)

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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Income statement item	Description	The company
Revenues	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	IQVIA Holdings Inc. revenues increased from 2020 to 2021 and from 2021 to 2022.
Income from operations	The net result for the period of deducting operating expenses from operating revenues.	IQVIA Holdings Inc. income from operations increased from 2020 to 2021 and from 2021 to 2022.
Income before income taxes and equity in earnings (losses) of unconsolidated affiliates	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	IQVIA Holdings Inc. income before income taxes and equity in earnings (losses) of unconsolidated affiliates increased from 2020 to 2021 and from 2021 to 2022.
Net income attributable to IQVIA Holdings Inc.	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	IQVIA Holdings Inc. net income attributable to IQVIA Holdings Inc. increased from 2020 to 2021 and from 2021 to 2022.

IQVIA Holdings Inc. (NYSE:IQV)

Income Statement