Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

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IQVIA Holdings Inc., consolidated balance sheet: assets

US$ in millions

		Dec 31, 2022		Dec 31, 2021		Dec 31, 2020		Dec 31, 2019		Dec 31, 2018
	Cash and cash equivalents
	Trade accounts receivable and unbilled services, net
	Prepaid expenses
	Income taxes receivable
	Investments in debt, equity and other securities
	Other current assets and receivables
	Current assets
	Property and equipment, net
	Finance lease right-of-use assets
	Property and equipment, net, including finance lease right-of-use assets
	Operating lease right-of-use assets
	Investments in debt, equity and other securities
	Investments in unconsolidated affiliates
	Goodwill
	Other identifiable intangibles, net
	Deferred income taxes
	Deposits and other assets, net
	Noncurrent assets
	Total assets

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).

The financial data reveals several notable trends and shifts over the period from the end of 2018 to the end of 2022.

Liquidity and Current Assets: Cash and cash equivalents experienced fluctuations, rising to a peak of 1,814 million USD at the end of 2020 before gradually declining to 1,216 million USD by the end of 2022. Trade accounts receivable and unbilled services generally increased throughout the period, indicating growth in revenue recognition or sales, reaching 2,917 million USD at the end of 2022. Prepaid expenses remained relatively stable, fluctuating slightly around the 150 million USD mark. Income taxes receivable showed a general decline toward the end of the period, decreasing to 43 million USD. Investments in debt, equity, and other securities within current assets increased overall but showed a small decline in 2022.
Other Current Assets and Overall Current Asset Position: Other current assets and receivables increased notably from 322 million USD in 2018 to over 560 million USD in 2022, suggesting a rise in short-term assets or receivables. Total current assets followed a rising trend until 2020, peaking at 5,090 million USD, before a slight dip and recovery, ending at 4,981 million USD in 2022.
Property, Equipment, and Lease-Related Assets: Property and equipment, net, displayed steady growth from 434 million USD in 2018 to 532 million USD in 2022. The addition of finance lease right-of-use assets starting in 2020 contributed to a more significant increase in total property and equipment including lease assets, growing to 761 million USD by the end of 2022. Conversely, operating lease right-of-use assets showed a declining trend from 496 million USD in 2019 to 331 million USD in 2022, indicating either lease terminations or reclassifications.
Noncurrent Financial Assets and Investments: Investments in debt, equity, and other securities (noncurrent) rose from 41 million USD in 2018 to a high of 78 million USD in 2020, then contracted slightly to 68 million USD by 2022. Investments in unconsolidated affiliates decreased initially but rebounded by the end of the period, reaching 94 million USD in 2022, suggesting revitalized investment interests.
Intangible Assets and Goodwill: Goodwill showed consistent growth across the entire period, increasing from 11,800 million USD to 13,921 million USD, which may indicate acquisitions or asset revaluations. Other identifiable intangible assets, net, decreased steadily from 5,951 million USD in 2018 to 4,820 million USD in 2022, reflecting amortization or impairment activities.
Deferred Income Taxes and Other Long-Term Assets: Deferred income taxes remained fairly stable, fluctuating modestly between 109 and 124 million USD. Deposits and other net assets experienced variability, peaking at 305 million USD in 2021 before declining to 243 million USD in 2022.
Noncurrent Assets and Total Assets: Noncurrent assets showed gradual growth over the five-year span, increasing from 18,675 million USD in 2018 to 20,356 million USD in 2022. Total assets mirrored this upward trend, rising from 22,549 million USD at the conclusion of 2018 to 25,337 million USD by the end of 2022, illustrating overall balance sheet expansion.

Assets: Selected Items

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Current Assets: Selected Items