Name: IQVIA Holdings Inc. (NYSE:IQV) | Balance Sheet: Assets
Creator: Stock Analysis on Net

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.

Assets: Selected Items

Download chart

Current Assets: Selected Items

Download chart

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	1,216)	1,366)	1,814)	837)	891)
Trade accounts receivable and unbilled services, net	2,917)	2,551)	2,410)	2,582)	2,394)
Prepaid expenses	151)	156)	159)	138)	151)
Income taxes receivable	43)	58)	56)	56)	69)
Investments in debt, equity and other securities	93)	111)	88)	62)	47)
Other current assets and receivables	561)	521)	563)	451)	322)
Current assets	4,981)	4,763)	5,090)	4,126)	3,874)
Property and equipment, net	532)	497)	482)	458)	434)
Finance lease right-of-use assets	229)	186)	122)	—)	—)
Property and equipment, net, including finance lease right-of-use assets	761)	683)	604)	458)	434)
Operating lease right-of-use assets	331)	406)	471)	496)	—)
Investments in debt, equity and other securities	68)	76)	78)	65)	41)
Investments in unconsolidated affiliates	94)	88)	84)	87)	101)
Goodwill	13,921)	13,301)	12,654)	12,159)	11,800)
Other identifiable intangibles, net	4,820)	4,943)	5,205)	5,514)	5,951)
Deferred income taxes	118)	124)	114)	119)	109)
Deposits and other assets, net	243)	305)	264)	227)	239)
Noncurrent assets	20,356)	19,926)	19,474)	19,125)	18,675)
Total assets	25,337)	24,689)	24,564)	23,251)	22,549)

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).

Total assets exhibit a consistent upward trajectory, increasing from 22,549 million US dollars in 2018 to 25,337 million US dollars by the end of 2022. This growth is primarily driven by an expansion in noncurrent assets, which comprise the vast majority of the company's asset base throughout the period analyzed.

Current Asset Composition and Liquidity: Current assets grew from 3,874 million US dollars in 2018 to 4,981 million US dollars in 2022, though a peak was observed in 2020 at 5,090 million US dollars. Cash and cash equivalents showed significant volatility, peaking at 1,814 million US dollars in 2020 before declining to 1,216 million US dollars in 2022. Concurrently, trade accounts receivable and unbilled services demonstrated a general upward trend, reaching 2,917 million US dollars in 2022, suggesting that a larger portion of current liquidity is tied up in receivables over time.
Intangible Assets and Goodwill: The balance sheet is heavily weighted toward intangible assets, specifically goodwill, which grew steadily from 11,800 million US dollars in 2018 to 13,921 million US dollars in 2022. In contrast, other identifiable intangible assets showed a consistent decline, decreasing from 5,951 million US dollars in 2018 to 4,820 million US dollars in 2022, likely reflecting the impact of systematic amortization.
Fixed Assets and Right-of-Use (ROU) Assets: Property and equipment, net, showed steady growth from 434 million US dollars in 2018 to 532 million US dollars in 2022. The introduction of lease accounting is evident from 2019 onwards; operating lease ROU assets peaked in 2019 at 496 million US dollars and trended downward to 331 million US dollars by 2022. Conversely, finance lease ROU assets appeared in 2020 and increased steadily to 229 million US dollars by 2022, contributing to an overall increase in the total net property and equipment valuation including lease assets.
Noncurrent Asset Stability: Noncurrent assets increased from 18,675 million US dollars in 2018 to 20,356 million US dollars in 2022. While goodwill provided the primary impetus for this growth, other components such as deferred income taxes and investments in unconsolidated affiliates remained relatively stable, indicating that the growth in the noncurrent asset base is specifically linked to acquisition-related premiums rather than organic fixed asset expansion.

AI Ask an analyst for more

My previous chats

Add tokens

Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
Without a user account, I tend to respond rather slowly.

How can I help you?