Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

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

US$ in millions

	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	3,133)	3,007)	3,143)	3,316)	2,971)	2,847)	2,816)	2,981)	2,663)	2,756)	2,819)	2,813)	2,461)	2,295)	2,384)	2,512)	2,190)	2,139)	2,122)	2,295)	2,162)	1,997)	2,045)
Unearned income	1,838)	1,844)	1,827)	1,797)	1,842)	1,810)	1,927)	1,825)	1,826)	1,597)	1,554)	1,252)	1,188)	1,061)	1,036)	1,014)	954)	934)	971)	1,007)	984)	940)	934)
Income taxes payable	172)	208)	187)	161)	124)	118)	135)	137)	53)	101)	135)	102)	101)	102)	94)	108)	123)	111)	102)	100)	117)	121)	106)
Current portion of long-term debt	1,309)	1,344)	1,343)	152)	151)	152)	90)	91)	91)	147)	144)	149)	144)	142)	139)	100)	98)	100)	100)	100)	101)	101)	104)
Other current liabilities	137)	140)	157)	152)	165)	177)	189)	207)	214)	218)	216)	242)	245)	243)	254)	211)	211)	211)	207)	32)	16)	7)	10)
Current liabilities	6,589)	6,543)	6,657)	5,578)	5,253)	5,104)	5,157)	5,241)	4,847)	4,819)	4,868)	4,558)	4,139)	3,843)	3,907)	3,945)	3,576)	3,495)	3,502)	3,534)	3,380)	3,166)	3,199)
Long-term debt, less current portion	12,322)	12,433)	11,833)	12,595)	12,243)	12,615)	12,547)	12,034)	12,081)	12,140)	12,092)	12,384)	12,195)	11,965)	11,894)	11,545)	11,444)	11,299)	11,187)	10,907)	10,518)	10,627)	10,342)
Deferred income taxes	365)	367)	421)	464)	560)	494)	455)	410)	297)	266)	337)	338)	429)	539)	618)	646)	654)	671)	742)	736)	734)	813)	828)
Long-term operating lease liabilities	217)	242)	255)	264)	259)	285)	310)	313)	323)	345)	347)	371)	387)	402)	366)	396)	393)	398)	401)	—)	—)	—)	—)
Other liabilities	679)	703)	641)	671)	561)	563)	581)	649)	656)	607)	586)	633)	580)	582)	491)	456)	431)	424)	412)	418)	406)	406)	413)
Noncurrent liabilities	13,583)	13,745)	13,150)	13,994)	13,623)	13,957)	13,893)	13,406)	13,357)	13,358)	13,362)	13,726)	13,591)	13,488)	13,369)	13,043)	12,922)	12,792)	12,742)	12,061)	11,658)	11,846)	11,583)
Total liabilities	20,172)	20,288)	19,807)	19,572)	18,876)	19,061)	19,050)	18,647)	18,204)	18,177)	18,230)	18,284)	17,730)	17,331)	17,276)	16,988)	16,498)	16,287)	16,244)	15,595)	15,038)	15,012)	14,782)
Common stock and additional paid-in capital, $0.01 par value	10,994)	10,952)	10,909)	10,898)	10,853)	10,790)	10,745)	10,777)	10,747)	10,696)	11,068)	11,095)	11,070)	11,043)	11,012)	11,049)	10,990)	10,964)	10,927)	10,901)	10,876)	10,836)	10,797)
Retained earnings	4,223)	3,920)	3,623)	3,334)	3,107)	2,824)	2,568)	2,243)	1,925)	1,664)	1,489)	1,277)	1,158)	1,057)	1,080)	998)	982)	925)	865)	807)	726)	665)	605)
Treasury stock, at cost	(8,509)	(8,364)	(7,869)	(7,740)	(7,715)	(7,565)	(6,975)	(6,572)	(6,398)	(6,273)	(6,228)	(6,166)	(6,065)	(6,065)	(6,065)	(5,733)	(5,464)	(5,151)	(4,915)	(4,770)	(4,167)	(4,033)	(3,460)
Accumulated other comprehensive income (loss)	(903)	(760)	(731)	(727)	(898)	(697)	(419)	(406)	(445)	(327)	(376)	(205)	(317)	(444)	(485)	(311)	(377)	(215)	(262)	(224)	(220)	(104)	254)
Equity attributable to IQVIA Holdings Inc.’s stockholders	5,805)	5,748)	5,932)	5,765)	5,347)	5,352)	5,919)	6,042)	5,829)	5,760)	5,953)	6,001)	5,846)	5,591)	5,542)	6,003)	6,131)	6,523)	6,615)	6,714)	7,215)	7,364)	8,196)
Non-controlling interests	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	284)	279)	261)	261)	260)	260)	263)	258)	250)	240)	245)	250)	257)
Total stockholders’ equity	5,805)	5,748)	5,932)	5,765)	5,347)	5,352)	5,919)	6,042)	5,829)	5,760)	6,237)	6,280)	6,107)	5,852)	5,802)	6,263)	6,394)	6,781)	6,865)	6,954)	7,460)	7,614)	8,453)
Total liabilities and stockholders’ equity	25,977)	26,036)	25,739)	25,337)	24,223)	24,413)	24,969)	24,689)	24,033)	23,937)	24,467)	24,564)	23,837)	23,183)	23,078)	23,251)	22,892)	23,068)	23,109)	22,549)	22,498)	22,626)	23,235)

Accounts Payable and Accrued Expenses: The accounts payable and accrued expenses displayed a generally increasing trend over the analyzed period. Beginning at $2,045 million in March 2018, the figure rose steadily with minor fluctuations, reaching $3,133 million by September 2023. Notably, the increase accelerated post-2020, indicating potentially higher operating activity or changes in payment cycles.
Unearned Income: Unearned income grew consistently from $934 million in March 2018 to a peak near $1,826 million in December 2021, after which it showed modest fluctuations but largely maintained elevated levels around $1,838 million by September 2023. This reflects an increase in advance payments or deferred revenues during the timeframe.
Income Taxes Payable: Income taxes payable exhibited variability without a clear directional trend throughout the period. Starting at $106 million in March 2018, the value fluctuated with intermittent peaks, attaining a high of $208 million in September 2023. This volatility may stem from changes in taxable income or adjustments in tax liabilities across quarters.
Current Portion of Long-Term Debt: This item remained relatively stable around $100 million through 2018 and 2019 but experienced a noticeable increase starting in 2020, reaching around $150 million by the end of 2022. A significant spike occurred in mid-2023, where the balance surged above $1,300 million, indicating a reclassification or scheduled maturity of a large portion of long-term debt to current liabilities.
Other Current Liabilities: Other current liabilities showed a marked increase from $10 million in March 2018 to around $211 million in late 2018 and into 2019. Following that, the balance gradually decreased to approximately $137 million in September 2023, indicating a possible normalization or settlement of outstanding items classified under this category.
Current Liabilities: Current liabilities overall trended upwards, beginning at approximately $3,199 million in early 2018 and rising steadily to $6,589 million by September 2023. The increase was especially pronounced from 2020 onwards, reflecting growth in payables, accrued expenses, current portion of long-term debt, and other current liabilities.
Long-Term Debt, Less Current Portion: The long-term debt balance exhibited slight fluctuations with a general upward trend early on, peaking around $12,384 million in late 2020. Thereafter, it fluctuated but largely remained in the range of $12,000 to $12,500 million, reflecting steady leverage with minor adjustments due to repayments or new borrowings.
Deferred Income Taxes: Deferred income taxes showed a steady decline from $828 million in early 2018 to a low near $338 million by late 2020, followed by some recovery and intermittent fluctuations, stabilizing around the mid-$300 million mark in late 2023. This trend may relate to changes in tax basis differences or accounting treatments.
Long-Term Operating Lease Liabilities: Long-term operating lease liabilities were first noted in 2019, starting near $401 million, gradually decreasing to $217 million by September 2023. This reduction likely reflects lease expirations, renegotiations, or shifts in lease accounting policies.
Other Liabilities and Noncurrent Liabilities: Other liabilities increased from approximately $413 million in early 2018 to a peak near $703 million in late 2023, indicating growth in miscellaneous long-term obligations. Correspondingly, total noncurrent liabilities grew from about $11,583 million in March 2018 to peak near $13,745 million in mid-2023 before slightly decreasing, showing an overall upward trajectory in long-term obligations.
Total Liabilities: Total liabilities increased steadily from $14,782 million in early 2018 to over $20,000 million by mid-2023, with minor declines observed toward September 2023. This increase underscores the company's growing obligations over time, particularly in current and noncurrent liabilities.
Common Stock and Additional Paid-In Capital: Capital related to common stock and additional paid-in capital remained relatively stable near $11,000 million throughout the period, with minor fluctuations indicating limited issuance or repurchase of equity capital.
Retained Earnings: The retained earnings balance exhibited consistent growth, rising from $605 million in early 2018 to $4,223 million by September 2023. This trend reflects sustained profitability and retained income supporting equity growth over the evaluated quarters.
Treasury Stock, at Cost: Treasury stock values became increasingly negative over time, moving from -$3,460 million in early 2018 to approximately -$8,509 million in September 2023. This trend denotes aggressive or ongoing share repurchase initiatives, reducing outstanding shares and impacting shareholders' equity.
Accumulated Other Comprehensive Income (Loss): Accumulated other comprehensive income (loss) showed a downward trend, starting positive at $254 million in early 2018 before declining into a negative balance approaching -$903 million by late 2023. This deterioration implies accumulated losses from components such as foreign currency translation adjustments, unrealized gains/losses, or pension liabilities.
Equity Attributable to Stockholders: Equity attributable to stockholders decreased from $8,196 million in early 2018 to a trough near $5,347 million in late 2022, followed by a modest recovery to about $5,805 million by September 2023. The decline over the period can largely be attributed to increasing treasury stock balances and accumulated comprehensive losses offset partially by growth in retained earnings.
Non-Controlling Interests: The non-controlling interests remained relatively stable around $250 to $280 million across the available periods, indicating no significant changes in ownership stakes of minority shareholders.
Total Stockholders’ Equity: Total stockholders’ equity follows a similar pattern to attributable equity, decreasing from $8,453 million in early 2018 to approximately $5,748 million by June 2023, with a slight increase of about $57 million by September 2023. This generally downward trajectory reflects the interplay of share repurchases, retained earnings growth, and accumulated other comprehensive loss.
Total Liabilities and Stockholders’ Equity: The combined total of liabilities and equity fluctuated moderately within the range of $22,235 million to $26,037 million across the timeframe, indicating relative balance sheet expansion with peaks around 2023. This reflects the company's total capitalization and funding structure evolving steadily without large abrupt changes.

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IQVIA Holdings Inc. (NYSE:IQV)

Balance Sheet: Liabilities and Stockholders’ Equity Quarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data