Non-controlling interests

  
IQVIA HOLDINGS INC. AND SUBSIDIARIESCONSOLIDATED BALANCE SHEETS

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  | December 31, |
| (in millions, except per share data) |  | 2021 |  | 2020 |
| ASSETS |  |  |  |  |
| Cash and cash equivalents |  | $ | 1,366  |  |  | $ | 1,814  |  |
| Trade accounts receivable and unbilled services, net |  | 2,551  |  |  | 2,410  |  |
| Prepaid expenses |  | 156  |  |  | 159  |  |
| Income taxes receivable |  | 58  |  |  | 56  |  |
| Investments in debt, equity and other securities |  | 111  |  |  | 88  |  |
| Other current assets and receivables |  | 521  |  |  | 563  |  |
| Total current assets |  | 4,763  |  |  | 5,090  |  |
| Property and equipment, net |  | 497  |  |  | 482  |  |
| Operating lease right-of-use assets |  | 406  |  |  | 471  |  |
| Investments in debt, equity and other securities |  | 76  |  |  | 78  |  |
| Investments in unconsolidated affiliates |  | 88  |  |  | 84  |  |
| Goodwill |  | 13,301  |  |  | 12,654  |  |
| Other identifiable intangibles, net |  | 4,943  |  |  | 5,205  |  |
| Deferred income taxes |  | 124  |  |  | 114  |  |
| Deposits and other assets |  | 491  |  |  | 386  |  |
| Total assets |  | $ | 24,689  |  |  | $ | 24,564  |  |
| LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |
| Current liabilities: |  |  |  |  |
| Accounts payable and accrued expenses |  | $ | 2,981  |  |  | $ | 2,813  |  |
| Unearned income |  | 1,825  |  |  | 1,252  |  |
| Income taxes payable |  | 137  |  |  | 102  |  |
| Current portion of long-term debt |  | 91  |  |  | 149  |  |
| Other current liabilities |  | 207  |  |  | 242  |  |
| Total current liabilities |  | 5,241  |  |  | 4,558  |  |
| Long-term debt, less current portion |  | 12,034  |  |  | 12,384  |  |
| Deferred income taxes |  | 410  |  |  | 338  |  |
| Operating lease liabilities |  | 313  |  |  | 371  |  |
| Other liabilities |  | 649  |  |  | 633  |  |
| Total liabilities |  | 18,647  |  |  | 18,284  |  |
| Commitments and contingencies (Note 1 and 12) |  |  |  |  |
| Stockholders’ equity: |  |  |  |  |
| Common stock and additional paid-in capital, 400.0 shares authorized as of December 31, 2021 and 2020, $0.01 par value, 255.8 shares issued and 190.6 shares outstanding as of December 31, 2021; 254.7 shares issued and 191.2 shares outstanding as of December 31, 2020 |  | 10,777  |  |  | 11,095  |  |
| Retained earnings |  | 2,243  |  |  | 1,277  |  |
| Treasury stock, at cost, 65.2 and 63.5 shares as of December 31, 2021 and 2020, respectively |  | (6,572) |  |  | (6,166) |  |
| Accumulated other comprehensive loss |  | (406) |  |  | (205) |  |
| Equity attributable to IQVIA Holdings Inc.’s stockholders |  | 6,042  |  |  | 6,001  |  |
| Non-controlling interests |  | —  |  |  | 279  |  |
| Total stockholders’ equity |  | 6,042  |  |  | 6,280  |  |
| Total liabilities and stockholders’ equity |  | $ | 24,689  |  |  | $ | 24,564  |  |

  
The accompanying notes are an integral part of these consolidated financial statements.68
