Item 15. Exhibits and Financial Statement Schedules
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Item 15. Exhibits and Financial Statement Schedules
**(a)**The following documents are filed as part of this report:
(1) Financial Statements
The following consolidated financial statements of IQVIA Holdings Inc. and its subsidiaries, and the independent registered public accounting firm’s report thereon, are included in Part II, Item 8 of this Annual Report:
| Page | |||||
| Management’s Report on Internal Control over Financial Reporting | 55 | ||||
| Report of Independent Registered Public Accounting Firm | 56 | ||||
| Consolidated Statements of Income | 58 | ||||
| Consolidated Statements of Comprehensive (Loss) Income | 59 | ||||
| Consolidated Balance Sheets | 60 | ||||
| Consolidated Statements of Cash Flows | 61 | ||||
| Consolidated Statements of Stockholders’ Equity (Deficit) | 62 | ||||
| Notes to Consolidated Financial Statements | 63 |
(2) Financial Statement Schedules for the Years Ended December 31, 2020, 2019 and 2018
| Schedule I—Condensed Financial Information of Registrant (Parent Company Only) | 115 | ||||
| Schedule II—Valuation and Qualifying Accounts | 120 |
All other schedules are omitted, since the required information is not applicable or is not present in amounts sufficient to require submission of the schedule, or because the information required is included in the consolidated financial statements and notes thereto.
(3) Exhibits
The exhibits in the accompanying Exhibit Index preceding the signature page are filed or furnished as a part of this report and are incorporated herein by reference. The Company agrees to furnish to the SEC, upon request, copies of any long-term debt instruments that authorize an amount of securities constituting 10% or less of the total assets of IQVIA Holdings Inc. and its subsidiaries on a consolidated basis.
EXHIBIT INDEX
| Incorporated by Reference | ||||||||||||||||||||||||||||||||||||||
| Exhibit Number | Exhibit Description | Filed Herewith | Form | File No. | Exhibit | Filing Date | ||||||||||||||||||||||||||||||||
| 2.1* | Agreement and Plan of Merger, dated as of May 3, 2016, by and between Quintiles Transnational Holdings Inc. and IMS Health Holdings, Inc. (which includes the Plan of Conversion dated as of May 3, 2016 as Exhibit A thereto). | 8-K | 001-35907 | 2.1 | May 3, 2016 | |||||||||||||||||||||||||||||||||
| 3.1 | Amended and Restated Certificate of Incorporation of IQVIA Holdings Inc., effective November 6, 2017 (as amended through November 6, 2017). | 10-K | 001-35907 | 3.1 | February 16, 2018 | |||||||||||||||||||||||||||||||||
| 3.2 | Amended and Restated Bylaws of IQVIA Holdings Inc., effective February 11, 2020. | 10-K | 001-35907 | 3.2 | February 18, 2020 | |||||||||||||||||||||||||||||||||
| 4.1 | Specimen Common Stock Certificate of Quintiles Transnational Holdings Inc. | S-1/A | 333-186708 | 4.1 | April 26, 2013 | |||||||||||||||||||||||||||||||||
| 4.5 | Indenture, dated as of September 28, 2016, among Quintiles IMS Incorporated, the Guarantors listed therein and U.S. Bank National Association, as Trustee. | 8-K | 001-35907 | 4.1 | October 3, 2016 | |||||||||||||||||||||||||||||||||
| 4.8 | Indenture, dated February 28, 2017, among Quintiles IMS Incorporated, as Issuer, U.S. Bank National Association, as trustee of the Notes, and certain subsidiaries of the Issuer as guarantors. | 8-K | 001-35907 | 4.1 | February 28, 2017 | |||||||||||||||||||||||||||||||||
| 4.9 | Indenture, dated September 14, 2017, among Quintiles IMS Incorporated, as Issuer, U.S. Bank National Association, as trustee of the Notes, and certain subsidiaries of the Issuer as guarantors. | 8-K | 001-35907 | 4.1 | September 19, 2017 | |||||||||||||||||||||||||||||||||
| 4.10 | Indenture, dated May 10, 2019, among IQVIA Inc., as Issuer, U.S. Bank National Association, as trustee of the Notes and certain subsidiaries of the Issuer, as guarantors. | 8-K | 001-35907 | 4.1 | May 10, 2019 | |||||||||||||||||||||||||||||||||
| 4.11 | Indenture, dated August 13, 2019, among IQVIA Inc., as Issuer, U.S. Bank National Association, as trustee of the Notes and certain subsidiaries of the Issuer, as guarantors. | 8-K | 001-35907 | 4.1 | August 13, 2019 | |||||||||||||||||||||||||||||||||
| 4.12 | Indenture, dated June 24, 2020, among IQVIA Inc., as Issuer, U.S. Bank National Association, as trustee of the Notes and certain subsidiaries of the Issuer, as guarantors. | 8-K | 001-35907 | 4.1 | June 24, 2020 | |||||||||||||||||||||||||||||||||
| 10.1 | Fourth Amended and Restated Credit Agreement, dated as of October 3, 2016, by and among Quintiles IMS Incorporated, Quintiles IMS Holdings, Inc., the Guarantors party thereto and the Lenders party thereto (Annex B to Exhibit 10.9 filed October 3, 2016). | 8-K | 001-35907 | 10.9 | October 3, 2016 | |||||||||||||||||||||||||||||||||
| 10.2 | Amendment No. 1, dated March 7, 2017, to Fourth Amended and Restated Credit Agreement, dated October 3, 2016, among Quintiles IMS Incorporated, Quintiles IMS Holdings, Inc., the Guarantors party thereto, Bank of America N.A., as administrative agent and collateral agent, the Incremental Term B-1 Euro Lenders party thereto and the other Lenders party thereto. | 8-K | 001-35907 | 10.1 | March 8, 2017 | |||||||||||||||||||||||||||||||||
| 10.3 | Amendment No. 2, dated September 18, 2017, to Fourth Amended and Restated Credit Agreement, by and among Quintiles IMS Incorporated, Quintiles IMS Holdings, Inc., the Guarantors party thereto, Bank of America N.A., as administrative agent and collateral agent, the Incremental Term B-2 Dollar Lenders party thereto and the other Lenders party thereto. | 8-K | 001-35907 | 10.1 | September 19, 2017 | |||||||||||||||||||||||||||||||||
| 10.4 | Amendment No. 3, dated April 6, 2018, to Fourth Amended and Restated Credit Agreement, dated October 3, 2016, by and among IQVIA Inc., IQVIA Holdings Inc., the other Borrowers party thereto, the other Guarantors party thereto, Bank of America, N.A., as administrative agent and collateral agent, and the Incremental Revolving Credit Lenders party thereto. | 10-Q | 001-35907 | 10.1 | May 4, 2018 |
| 10.5 | Amendment No. 4, dated June 11, 2018, to Fourth Amended and Restated Credit Agreement, dated October 3, 2016, among IQVIA Inc., IQVIA Holdings Inc., IQVIA AG, IQVIA Solutions Japan K.K., the other guarantors party thereto, Bank of America, N.A. as administrative agent and as collateral agent, the Lenders party thereto, the Incremental Term B-3 Dollar Lenders party thereto and the Incremental Term B-2 Euro Lenders party thereto. | 8-K | 001-35907 | 10.1 | June 12, 2018 | |||||||||||||||||||||||||||||||||
| 10.6 | Amendment No. 5 to Fourth Amended and Restated Credit Agreement, dated August 9, 2019, among IQVIA Inc., IQVIA Holdings Inc., the other guarantors party thereto, Bank of America, N.A. as administrative agent and collateral agent, the Term B-1 Euro Lenders, the Term B-2 Euro Lenders and Goldman Sachs Bank USA, as Replacement Lender. | 8-K | 001-35907 | 10.1 | August 13, 2019 | |||||||||||||||||||||||||||||||||
| 10.7 | Amendment No. 6 to Fourth Amended and Restated Credit Agreement, dated December 18, 2019, among IQVIA Inc., IQVIA Holdings Inc., the other guarantors party thereto, Bank of America, N.A. as administrative agent and collateral agent, the Term B-2 Dollar Lenders and Bank of America N.A., as Replacement Lender. | 8-K | 001-35907 | 10.1 | December 18, 2019 | |||||||||||||||||||||||||||||||||
| 10.8 | Amendment No. 7 to Fourth Amended and Restated Credit Agreement, dated March 11, 2020, among IQVIA Inc., IQVIA Holdings Inc., the other guarantors party thereto, Bank of America, N.A. as administrative agent and collateral agent, and the Incremental Term A-2 Dollar Lenders | 10-Q | 001-35907 | 10.1 | April 30, 2020 | |||||||||||||||||||||||||||||||||
| 10.9 | Amendment No. 8 to Fourth Amended and Restated Credit Agreement, dated March 30, 2020, among IQVIA Inc., IQVIA Holdings Inc., the other guarantors party thereto, Bank of America, N.A. as administrative agent and collateral agent, and the Incremental Term A-2 Dollar Lenders | 10-Q | 001-35907 | 10.2 | April 30, 2020 | |||||||||||||||||||||||||||||||||
| 10.10 | Amended and Restated Pledge and Security Agreement, dated as of March 17, 2014, among Healthcare Technology Intermediate Holdings, Inc., IMS Health Incorporated, each of the grantors party thereto, and Bank of America, N.A., as Administrative Agent. | IMS Health S-1/A | 333-193159 | 10.33 | March 24, 2014 | |||||||||||||||||||||||||||||||||
| 10.11 | U.S. Guaranty, dated as of March 17, 2014, among Healthcare Technology Intermediate Holdings, Inc., as Holdings, IMS Health Incorporated, as Parent Borrower, the other Guarantors party thereto from time to time, and Bank of America, N.A., as Administrative Agent. | IMS Health S-1/A | 333-193159 | 10.34 | March 24, 2014 | |||||||||||||||||||||||||||||||||
| 10.12 | Stockholders Agreement, dated May 3, 2016, among Quintiles Transnational Holdings Inc. and the stockholders identified therein. | 8-K | 001-35907 | 10.4 | May 3, 2016 | |||||||||||||||||||||||||||||||||
| 10.13† | Form of Director Indemnification Agreement. | S-1/A | 333-186708 | 10.13 | April 19, 2013 | |||||||||||||||||||||||||||||||||
| 10.14 | Form of Indemnification Agreement with each of the non-management directors of Quintiles IMS Holdings Inc. | 8-K | 001-35907 | 10.8 | October 3, 2016 | |||||||||||||||||||||||||||||||||
| 10.15† | Description of Non-Employee Director Compensation, effective as of January 1, 2017. | 10-K | 001-35907 | 10.27 | February 16, 2017 | |||||||||||||||||||||||||||||||||
| 10.16† | Form of Non-Competition, Non-Solicitation, Confidentiality and IP Agreement. | 8-K | 001-35907 | 10.2 | October 19, 2015 | |||||||||||||||||||||||||||||||||
| 10.17† | Quintiles Transnational Holdings Inc. Annual Management Incentive Plan. | S-1/A | 333-186708 | 10.57 | April 19, 2013 | |||||||||||||||||||||||||||||||||
| 10.18† | Quintiles Transnational Holdings Inc. 2008 Stock Incentive Plan. | S-1 | 333-186708 | 10.17 | February 15, 2013 | |||||||||||||||||||||||||||||||||
| 10.19† | Form of Stock Option Award Agreement for Senior Executives under the Quintiles Transnational Holdings Inc. 2008 Stock Incentive Plan. | S-1 | 333-186708 | 10.18 | February 15, 2013 | |||||||||||||||||||||||||||||||||
| 10.20† | Form of Stock Option Award Agreement for Non-Employee Directors under the Quintiles Transnational Holdings Inc. 2008 Stock Incentive Plan. | S-1 | 333-186708 | 10.19 | February 15, 2013 | |||||||||||||||||||||||||||||||||
| 10.21† | Quintiles Transnational Holdings Inc. 2013 Stock Incentive Plan. | S-1/A | 333-186708 | 10.22 | April 19, 2013 |
| 10.22† | Form of Award Agreement Awarding Nonqualified Stock Options to Employees under the Quintiles Transnational Holdings Inc. 2013 Stock Incentive Plan. | S-1/A | 333-186708 | 10.23 | April 19, 2013 | |||||||||||||||||||||||||||||||||
| 10.23† | Form of Award Agreement Awarding Incentive Stock Options to Employees under the Quintiles Transnational Holdings Inc. 2013 Stock Incentive Plan. | 10-Q | 001-35907 | 10.2 | May 1, 2014 | |||||||||||||||||||||||||||||||||
| 10.24† | Form of Award Agreement Awarding Nonqualified Stock Options to Non-Employee Directors under the Quintiles Transnational Holdings Inc. 2013 Stock Incentive Plan. | S-1/A | 333-186708 | 10.24 | April 19, 2013 | |||||||||||||||||||||||||||||||||
| 10.25† | Form of Award Agreement Awarding Stock Appreciation Rights under the Quintiles Transnational Holdings Inc. 2013 Stock Incentive Plan. | S-1/A | 333-186708 | 10.56 | April 19, 2013 | |||||||||||||||||||||||||||||||||
| 10.26† | Form of Award Agreement Awarding Stock Appreciation Rights under the Quintiles IMS Holdings, Inc. 2013 Stock Incentive Plan effective February 2017. | 10-K | 001-35907 | 10.41 | February 16, 2017 | |||||||||||||||||||||||||||||||||
| 10.27† | Form of Award Agreement Awarding Restricted Stock Units under the Quintiles Transnational Holdings Inc. 2013 Stock Incentive Plan prior to February 2015. | 8-K | 001-35907 | 10.1 | November 26, 2013 | |||||||||||||||||||||||||||||||||
| 10.28† | Form of Award Agreement Awarding Restricted Stock Units under the Quintiles Transnational Holdings Inc. 2013 Stock Incentive Plan effective February 2015. | 10-K | 001-35907 | 10.34 | February 12, 2015 | |||||||||||||||||||||||||||||||||
| 10.29† | Form of Award Agreement Awarding Performance Units under the Quintiles Transnational Holdings Inc. 2013 Stock Incentive Plan. | 10-K | 001-35907 | 10.35 | February 12, 2015 | |||||||||||||||||||||||||||||||||
| 10.30† | Form of Award Agreement Awarding Performance Shares under the Quintiles IMS Holdings, Inc. 2013 Stock Incentive Plan effective February 2017. | 10-K | 001-35907 | 10.45 | February 16, 2017 | |||||||||||||||||||||||||||||||||
| 10.31† | Form of Restricted Stock Award Agreement under the Quintiles Transnational Holdings Inc. 2013 Stock Incentive Plan. | 10-Q | 001-35907 | 10.3 | November 3, 2016 | |||||||||||||||||||||||||||||||||
| 10.32† | Form of Award Agreement Awarding Restricted Stock Units under the Quintiles IMS Holdings, Inc. 2013 Stock Incentive Plan effective February 2017. | 10-K | 001-35907 | 10.47 | February 16, 2017 | |||||||||||||||||||||||||||||||||
| 10.33† | Quintiles IMS Holdings, Inc. Defined Contribution Executive Retirement Plan. | 8-K | 001-35907 | 10.7 | October 3, 2016 | |||||||||||||||||||||||||||||||||
| 10.34† | IMS Health Incorporated Defined Contribution Executive Retirement Plan, as amended and restated. | IMS Health S-1 | 333-193159 | 10.10 | January 2, 2014 | |||||||||||||||||||||||||||||||||
| 10.35† | First Amendment to the IMS Health Incorporated Retirement Excess Plan, dated March 17, 2009. | IMS Health S-1 | 333-193159 | 10.12 | January 2, 2014 | |||||||||||||||||||||||||||||||||
| 10.36† | Second Amendment to the IMS Health Incorporated Retirement Excess Plan, dated December 8, 2009. | IMS Health S-1 | 333-193159 | 10.13 | January 2, 2014 | |||||||||||||||||||||||||||||||||
| 10.37† | Third Amendment to the IMS Health Incorporated Retirement Excess Plan, dated April 5, 2011. | IMS Health S-1 | 333-193159 | 10.14 | January 2, 2014 | |||||||||||||||||||||||||||||||||
| 10.38† | Fourth Amendment to the IMS Health Incorporated Retirement Excess Plan (effective May 3, 2016). | IMS Health 10-Q | 001-36381 | 10.3 | July 28, 2016 | |||||||||||||||||||||||||||||||||
| 10.39† | Quintiles IMS Holdings, Inc. 2010 Equity Incentive Plan. | 8-K | 001-35907 | 10.5 | October 3, 2016 | |||||||||||||||||||||||||||||||||
| 10.40† | Healthcare Technology Holdings, Inc. 2010 Equity Incentive Plan, as amended and restated. | IMS Health S-1/A | 333-193159 | 10.16 | February 13, 2014 | |||||||||||||||||||||||||||||||||
| 10.41† | Form of IMS Time-and Performance-Based Stock Option Award Agreement under the 2010 Equity Incentive Plan. | IMS Health S-1 | 333-193159 | 10.17 | January 2, 2014 | |||||||||||||||||||||||||||||||||
| 10.42† | Form of IMS Time-Based Stock Option Award Agreement under the 2010 Equity Incentive Plan. | IMS Health S-1 | 333-193159 | 10.18 | January 2, 2014 |
| 10.43† | Form of IMS Director Stock Option Award Agreement under the 2010 Equity Incentive Plan. | IMS Health S-1 | 333-193159 | 10.19 | January 2, 2014 | |||||||||||||||||||||||||||||||||
| 10.44† | Form of IMS Restricted Stock Unit Award Agreement under the 2010 Equity Incentive Plan. | IMS Health S-1 | 333-193159 | 10.20 | January 2, 2014 | |||||||||||||||||||||||||||||||||
| 10.45† | Form of IMS Director Restricted Stock Unit Award Agreement under the 2010 Equity Incentive Plan. | IMS Health S-1 | 333-193159 | 10.21 | January 2, 2014 | |||||||||||||||||||||||||||||||||
| 10.46† | Form of IMS Rollover Stock Appreciation Right Award Agreement under the 2010 Equity Incentive Plan. | IMS Health S-1 | 333-193159 | 10.22 | January 2, 2014 | |||||||||||||||||||||||||||||||||
| 10.47† | IMS Health Incorporated Savings Equalization Plan, as amended and restated effective as of January 1, 2011. | IMS Health S-1 | 333-193159 | 10.15 | January 2, 2014 | |||||||||||||||||||||||||||||||||
| 10.48† | Quintiles IMS Holdings, Inc. 2014 Incentive and Stock Award Plan. | 8-K | 001-35907 | 10.6 | October 3, 2016 | |||||||||||||||||||||||||||||||||
| 10.49† | Form of IMS Stock Appreciation Rights Agreement under the 2014 Incentive and Stock Award Plan. | IMS Health 8-K | 001-36381 | 10.1 | February 10, 2015 | |||||||||||||||||||||||||||||||||
| 10.50† | Form of IMS Performance Share Award Agreement under the 2014 Incentive and Stock Award Plan. | IMS Health 8-K | 001-36381 | 10.2 | February 10, 2015 | |||||||||||||||||||||||||||||||||
| 10.51† | 2014 IMS Health Annual Incentive Plan. | IMS Health S-1/A | 333-193159 | 10.30 | March 10, 2014 | |||||||||||||||||||||||||||||||||
| 10.52† | Quintiles IMS Holdings, Inc. 2017 Incentive and Stock Award Plan. | DEF 14A | 001-35907 | Appendix B | February 22, 2017 | |||||||||||||||||||||||||||||||||
| 10.53† | Form of Award Agreement Awarding Stock Appreciation Rights under the Quintiles IMS Holdings, Inc. 2017 Incentive and Stock Award Plan effective April 2017. | 10-Q | 001-35907 | 10.8 | May 8, 2017 | |||||||||||||||||||||||||||||||||
| 10.54† | Form of Award Agreement Awarding Performance Shares under the Quintiles IMS Holdings, Inc. 2017 Incentive and Stock Award Plan effective April 2017. | 10-Q | 001-35907 | 10.9 | May 8, 2017 | |||||||||||||||||||||||||||||||||
| 10.55† | Form of Award Agreement Awarding Restricted Stock Units under the Quintiles IMS Holdings, Inc. 2017 Incentive and Stock Award Plan effective April 2017. | 10-Q | 001-35907 | 10.10 | May 8, 2017 | |||||||||||||||||||||||||||||||||
| 10.56† | Quintiles IMS Incorporated Employee Protection Plan, effective January 1, 2017. | 10-K | 001-35907 | 10.69 | February 16, 2017 | |||||||||||||||||||||||||||||||||
| 10.57† | Quintiles IMS Incorporated Savings Equalization Plan, effective December 31, 2016. | 10-K | 001-35907 | 10.76 | February 16, 2017 | |||||||||||||||||||||||||||||||||
| 10.58† | Quintiles Transnational Corp. Elective Deferred Compensation Plan, as amended and restated. | 10-Q | 001-35907 | 10.1 | October 28, 2015 | |||||||||||||||||||||||||||||||||
| 10.59† | Quintiles IMS Holdings Inc. Non-Employee Director Deferral Plan, effective January 1, 2017. | 10-K | 001-35907 | 10.78 | February 16, 2017 | |||||||||||||||||||||||||||||||||
| 10.60† | Amended and Restated Employment Agreement between IQVIA Holdings Inc. and Ari Bousbib, dated February 18, 2019. | 10-K | 001-35907 | 10.60 | February 19, 2019 | |||||||||||||||||||||||||||||||||
| 10.61† | Stock Appreciation Rights Agreement between IMS Health Holdings, Inc. and Ari Bousbib, dated February 10, 2015. | IMS Health 10-K | 001-36381 | 10.34 | February 19, 2016 | |||||||||||||||||||||||||||||||||
| 10.62† | Amendment No. 1, dated December 31, 2015, to Stock Appreciation Rights Agreement between IMS Health Holdings, Inc. and Ari Bousbib dated February 10, 2015. | IMS Health 10-K | 001-36381 | 10.35 | February 19, 2016 | |||||||||||||||||||||||||||||||||
| 10.63† | Restricted Stock Award Agreement between IMS Health Holdings, Inc. and Ari Bousbib dated December 31, 2015. | IMS Health 10-K | 001-36381 | 10.36 | February 19, 2016 | |||||||||||||||||||||||||||||||||
| 10.66† | Letter Agreement between the Company and W. Richard Staub, III, effective on November 30, 2016. | 10-K | 001-35907 | 10.104 | February 16, 2017 | |||||||||||||||||||||||||||||||||
| 10.67† | Letter Agreement between the Company and Eric Sherbet, effective on March 1, 2018. | 10-K | 001-35907 | 10.72 | February 19, 2019 | |||||||||||||||||||||||||||||||||
| 10.68† | Letter Agreement between the Company and Ronald Bruehlman, effective on August 1, 2020. | 10-Q | 001-35907 | 10.10 | October 22, 2020 |
† Indicates management contract or compensatory plan or arrangement.
- The Merger Agreement and the description thereof included herein have been included to provide investors and stockholders with information regarding the terms of the agreement. They are not intended to provide any other factual information about Quintiles or IMS Health or their respective subsidiaries or affiliates or stockholders. The representations, warranties and covenants contained in the Merger Agreement were made only for purposes of the Merger Agreement as of the specific dates therein, were solely for the benefit of the parties to the Merger Agreement, may be subject to limitations agreed upon by the contracting parties, including being qualified by confidential disclosures made for the purposes of allocating contractual risk among the parties to the Merger Agreement instead of establishing these matters as facts, and may be subject to standards of materiality applicable to the contracting parties that differ from those applicable to investors. Investors should not rely on the representations, warranties and covenants or any descriptions thereof as characterizations of the actual state of facts or condition of the parties thereto or any of their respective subsidiaries or affiliates. Moreover, information concerning the subject matter of representations and warranties may change after the date of the Merger Agreement, which subsequent information may or may not be fully reflected in public disclosures by Quintiles or IMS Health. Accordingly, investors should read the representations and warranties in the Merger Agreement not in isolation but only in conjunction with the other information about Quintiles or IMS Health and their respective subsidiaries that the respective companies include in reports, statements and other filings they make with the United States Securities and Exchange Commission.
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