Stock Analysis on Net
Stock Analysis on Net

IQVIA Holdings Inc. (NYSE:IQV)

$22.49

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

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

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IQVIA Holdings Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

Microsoft Excel
Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Accounts payable and accrued expenses
Unearned income
Income taxes payable
Current portion of long-term debt
Other current liabilities
Current liabilities
Long-term debt, less current portion
Deferred income taxes
Long-term operating lease liabilities
Other liabilities
Noncurrent liabilities
Total liabilities
Common stock and additional paid-in capital, $0.01 par value
Retained earnings
Treasury stock, at cost
Accumulated other comprehensive income (loss)
Equity attributable to IQVIA Holdings Inc.’s stockholders
Non-controlling interests
Total stockholders’ equity
Total liabilities and stockholders’ equity

Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

Accounts Payable and Accrued Expenses
This item shows a general upward trend in its share of total liabilities and stockholders’ equity, increasing from 8.8% in March 2018 to a peak of 13.09% in December 2022 before slightly retreating to 12.06% by September 2023. This suggests a steady rise in short-term obligations relative to the company's total funding base over the period.
Unearned Income
The percentage of unearned income gradually increased, moving from about 4.02% in early 2018 to around 7.08% in late 2023. The growth was particularly notable in 2021, climbing from 6.35% in Q1 to 7.6% in Q3. This points to an expanding portion of revenue collected in advance, indicating possible growth in prepayments or deferred revenue streams.
Income Taxes Payable
Income taxes payable as a proportion of total liabilities and equity remained relatively stable but modest, with minor fluctuations around 0.4% to 0.8%. An upward movement is seen in 2023, reaching 0.8% mid-year before dropping slightly in Q3, which may reflect changes in tax obligations or timing differences.
Current Portion of Long-Term Debt
The data shows a sharp increase starting in early 2023, jumping from below 1% in previous years to over 5% of total liabilities and equity consistently through 2023. This significant change indicates a reclassification or increased short-term debt obligations, which may impact liquidity and financial risk in the short term.
Other Current Liabilities
The proportion of other current liabilities rose dramatically from 0.04% in early 2018 to nearly 0.9% by March 2019 and then gradually decreased to around 0.53% by late 2023. This pattern suggests an initial increase in miscellaneous short-term obligations followed by a normalization or reduction in these liabilities.
Current Liabilities
Current liabilities exhibited a rising trend throughout the period examined, expanding from 13.77% in early 2018 to approximately 25.36% by September 2023. This growth demonstrates an increasing share of short-term obligations in the company’s capital structure, with notable accelerations particularly from 2020 onward.
Long-Term Debt (Less Current Portion)
Long-term debt ratios stayed relatively high and stable, fluctuating between roughly 44.5% and 51.6%. A slight downward trend can be observed starting in early 2022, dropping from over 50% to around 47.4% in the latter part of 2023. This suggests a modest reduction in long-term debt relative to overall financing, possibly through repayments or refinancing.
Deferred Income Taxes
Deferred income taxes as a proportion dropped consistently from 3.56% in 2018 down to approximately 1.41% by late 2023. The steady decline indicates a shrinking deferred tax liability or asset relative to the company’s total financing base.
Long-Term Operating Lease Liabilities
This category was introduced in late 2018 at approximately 1.74%, gradually decreasing to 0.84% by the end of 2023. The consistent reduction may reflect lease term expirations or changes in lease accounting and arrangements.
Other Liabilities
Other liabilities remained relatively stable, hovering around 1.7% to 2.7% with mild volatility. A slight upward tendency is visible around 2020, with a peak close to 2.7%, followed by moderation. This suggests limited structural changes in miscellaneous long-term liabilities.
Noncurrent Liabilities
Noncurrent liabilities as a whole showed a moderate increase early in the period, rising from approximately 49.85% to nearly 58.18% by mid-2020, followed by a gradual decline to approximately 52.29% in late 2023. This implies a dynamic but overall stable long-term financing structure with some debt reduction or reclassification in the last years.
Total Liabilities
Total liabilities increased consistently from about 63.62% in 2018 to near 78% in the early 2020s, maintaining this elevated level through late 2023. This trend indicates growing leverage, with liabilities constituting a progressively larger portion of the company's financing.
Common Stock and Additional Paid-in Capital
This equity component remained relatively steady, marginally decreasing from roughly 46.47% to just above 42% over the period. The slight downward trend may reflect share repurchases or capitalization changes impacting this equity category.
Retained Earnings
Retained earnings as a proportion of total liabilities and equity consistently increased, climbing from 2.6% in early 2018 to an appreciable 16.26% by late 2023. This significant growth reflects accumulation of profits and reinvested earnings, reinforcing the company’s equity base.
Treasury Stock
The percentage attributed to treasury stock (negative value) increased in absolute terms, moving from roughly -14.89% in early 2018 to almost -32.76% in late 2023. This denotes substantial repurchase activity, which reduces outstanding shares and the net equity base.
Accumulated Other Comprehensive Income (Loss)
This item showed a negative balance overall, worsening from a small positive 1.09% in 2018 to about -3.48% by late 2023, with fluctuations along the way. The increasing negative mark indicates rising accumulated losses or unfavorable other comprehensive components affecting equity.
Equity Attributable to Stockholders
The proportion of equity attributable to IQVIA Holdings stockholders declined from a relatively strong 35.27% in 2018 to a trough near 21.92% in mid-2022, with partial recovery to 22.35% by late 2023. This trend reflects increasing leverage and equity dilution impacts over time.
Non-Controlling Interests
Non-controlling interests held a stable, minor share around 1.1% throughout the observable period, indicating consistent minority ownership stakes without major fluctuations.
Total Stockholders’ Equity
Total equity as a share of total capital decreased from approximately 36.38% in early 2018 to a low of around 21.92% in mid-2022. A modest rebound followed, rising to about 22.35% by late 2023. The downward trajectory aligns with rising liabilities and suggests increased financial leverage.
Total Liabilities and Stockholders’ Equity
This figure consistently totals 100%, serving as the base for proportional comparisons.