Item 16. Form 10-K Summary

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Item 16. Form 10-K Summary

None.

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.



IQVIA HOLDINGS INC.

By:	/s/ Michael R. McDonnell
	Name: Michael R. McDonnell
	Title: Executive Vice President and Chief Financial Officer

Date: February 18, 2020

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant in the capacities and on the dates indicated.


Signature	Title	Date

/s/ Ari Bousbib Ari Bousbib	Chairman, and Chief Executive Officer; Director (Principal Executive Officer)	February 18, 2020

/s/ Michael R. McDonnell	Executive Vice President and Chief Financial Officer (Principal Financial Officer)	February 18, 2020
Michael R. McDonnell

/s/ Emmanuel Korakis	Senior Vice President, Corporate Controller (Principal Accounting Officer)	February 18, 2020
Emmanuel Korakis

/s/ Carol J. Burt	Director	February 18, 2020
Carol J. Burt

/s/ John P. Connaughton	Director	February 18, 2020
John P. Connaughton

/s/ Jonathan J. Coslet	Director	February 18, 2020
Jonathan J. Coslet

/s/ John G. Danhakl	Director	February 18, 2020
John G. Danhakl

/s/ Michael J. Evanisko Michael J. Evanisko	Director	February 18, 2020

/s/ James A. Fasano	Director	February 18, 2020
James A. Fasano

/s/ Colleen A. Goggins	Director	February 18, 2020
Colleen A. Goggins

/s/ John M. Leonard, M.D.	Director	February 18, 2020
John M. Leonard, M.D.

/s/ Ronald A. Rittenmeyer	Director	February 18, 2020
Ronald A. Rittenmeyer

/s/ Todd B. Sisitsky Todd B. Sisitsky	Director	February 18, 2020

(2) Financial Statement Schedules

Schedule I—Condensed Financial Information of Registrant

IQVIA HOLDINGS INC. (PARENT COMPANY ONLY)

CONDENSED STATEMENTS OF INCOME

	Year Ended December 31,
(in millions)	2019		2018			2017
Selling, general and administrative expenses	$	—	$	2		$	1
Merger related costs		—		—			—
Loss from operations		—		(2	)		(1	)
Interest income		—		—			—
Other expense, net		—		—			—
Loss before income taxes and equity in earnings of subsidiary		—		(2	)		(1	)
Income tax benefit		—		(1	)		(3	)
(Loss) income before equity in earnings of subsidiary		—		(1	)		2
Equity in earnings of subsidiary		191		260			1,275
Net income	$	191	$	259		$	1,277

IQVIA HOLDINGS INC. (PARENT COMPANY ONLY)

CONDENSED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME

	Year Ended December 31,
(in millions)	2019			2018			2017
Net income	$	191		$	259		$	1,277
Comprehensive (loss) income adjustments:
Unrealized (losses) gains on derivative instruments, net of income tax expense (benefit) of $4, ($5) and $1		(15	)		1			4
Defined benefit plan adjustments, net of income tax (benefit) expense of $5, ($4) and $3		(30	)		(8	)		5
Foreign currency translation, net of income tax (benefit) expense of ($30), $50 and ($201)		(41	)		(255	)		604
Reclassification adjustments:
(Gains) losses on derivative instruments included in net income, net of income tax expense of $—, $1 and $—		(1	)		(12	)		(1	)
Amortization of actuarial losses and prior service costs included in net income		—			1			1
Comprehensive (loss) income	$	104		$	(14	)	$	1,890

IQVIA HOLDINGS INC. (PARENT COMPANY ONLY)

CONDENSED BALANCE SHEETS

	December 31,
(in millions, except per share data)	2019			2018
ASSETS
Current assets:
Cash and cash equivalents	$	3		$	1
Income taxes receivable		—			—
Other current assets and receivables		—			—
Total current assets		3			1
Investment in subsidiary		9,667			9,667
Receivable from parent company		—			—
Total assets	$	9,670		$	9,668
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$	—		$	—
Income taxes payable		—			—
Total current liabilities		—			—
Investment in subsidiary		3,664			2,954
Payable to subsidiary		3			—
Total liabilities		3,667			2,954
Commitments and contingencies
Stockholders’ equity:
Common stock and additional paid-in capital, 400.0 shares authorized at December 31, 2019 and 2018, $0.01 par value, 253.0 shares issued and 192.3 shares outstanding at December 31, 2019; 251.5 shares issued and 197.5 shares outstanding at December 31, 2018		11,049			10,901
Retained earnings		998			807
Treasury stock, at cost, 60.7 and 54.0 shares at December 31, 2019 and 2018, respectively		(5,733	)		(4,770	)
Accumulated other comprehensive (loss) income		(311	)		(224	)
Total stockholders’ equity		6,003			6,714
Total liabilities and stockholders’ equity	$	9,670		$	9,668

IQVIA HOLDINGS INC. (PARENT COMPANY ONLY)

CONDENSED STATEMENTS OF CASH FLOWS

	Year Ended December 31,
(in millions)	2019			2018			2017
Operating activities:
Net income	$	191		$	259		$	1,277
Adjustments to reconcile net income to cash provided by operating activities:
Subsidiary loss		—			143			91
Change in operating assets and liabilities:
Accounts payable and accrued expenses		—			2			(3	)
Income taxes payable and other liabilities		—			—			4
Net cash provided by operating activities		191			404			1,369
Investing activities:
Investment in subsidiary, net of dividends received		760			983			1,182
Net cash provided by investing activities		760			983			1,182
Financing activities:
Proceeds related to employee stock purchase and option plans		—			15			91
Issuance of common stock		11			—			—
Repurchase of common stock		(963	)		(1,405	)		(2,620	)
Intercompany with subsidiary		3			3			(31	)
Net cash used in financing activities		(949	)		(1,387	)		(2,560	)
Effect of foreign currency exchange rate changes on cash		—			—			(2	)
(Decrease) increase in cash and cash equivalents		2			—			(11	)
Cash and cash equivalents at beginning of period		1			1			12
Cash and cash equivalents at end of period	$	3		$	1		$	1

IQVIA HOLDINGS INC. (PARENT COMPANY ONLY)

NOTES TO CONDENSED FINANCIAL INFORMATION

The condensed parent company financial statements have been prepared in accordance with Rule 12-04, Schedule I of Regulation S-X as the restricted net assets of IQVIA Holdings Inc.’s (the “Company”) wholly-owned subsidiary, IQVIA Incorporated exceed 25% of the consolidated net assets of the Company. The ability of IQVIA Incorporated to pay dividends may be limited due to the restrictive covenants in the agreements governing its credit arrangements.

These condensed parent company financial statements include the accounts of IQVIA Holdings Inc. on a standalone basis (the “Parent”) and the equity method of accounting is used to reflect ownership interest in its subsidiary. Refer to the consolidated financial statements and notes presented elsewhere herein for additional information and disclosures with respect to these financial statements.

Since the Parent is part of a group that files a consolidated income tax return, in accordance with ASC 740, a portion of the consolidated amount of current and deferred income tax expense of the Company has been allocated to the Parent. The income tax benefit of $0 million, $1 million and $3 million in 2019, 2018 and 2017, respectively, represents the income tax benefit that will be or were already utilized in the Company’s consolidated United States federal and state income tax returns. If the Parent was not part of these consolidated income tax returns, it would not be able to recognize any income tax benefit, as it generates no revenue against which the losses could be used on a separate filer basis.

Below is a summary of the dividends paid to the Parent by IQVIA Incorporated in 2019, 2018 and 2017:

(in millions)	Amount
Paid in December 2019	$	13
Paid in November 2019		255
Paid in September 2019		74
Paid in August 2019		239
Paid in June 2019		94
Paid in May 2019		140
Paid in March 2019		141
Paid in February 2019		3
Total paid in 2019	$	959
Paid in December 2018	$	339
Paid in November 2018		146
Paid in October 2018		132
Paid in September 2018		118
Paid in June 2018		414
Paid in May 2018		154
Paid in March 2018		54
Paid in February 2018		37
Total paid in 2018	$	1,394
Paid in December 2017	$	22
Paid in November 2017		362
Paid in September 2017		373
Paid in August 2017		168
Paid in May 2017		356
Paid in March 2017		1,237
Paid in February 2017		45
Paid in January 2017		3
Total paid in 2017	$	2,566

Schedule II—Valuation and Qualifying Accounts

Deferred Tax Asset Valuation Allowance

			Additions
(in millions)	Balance at Beginning of Year		Charged to Expenses		Charged to Other Accounts(a)		Additions (Deductions)(b)			Balance at End of Year
December 31, 2019	$	226	$	40	$	—	$	—		$	266
December 31, 2018	$	200	$	23	$	—	$	3		$	226
December 31, 2017	$	153	$	52	$	—	$	(5	)	$	200

(a)	Recorded through purchase accounting transaction.

(b)	Impact of reductions recorded to expense and translation adjustments.

Previous: Item 15. Exhibits and Financial Statement Schedules