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/ Ronald E. Bruehlman
			Name: Ronald E. Bruehlman
			Title: Executive Vice President and Chief
			Financial Officer

Date: February 12, 2021

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	Chairman, and Chief Executive Officer; Director	February 12, 2021
Ari Bousbib	(Principal Executive Officer)

/s/ Ronald E. Bruehlman	Executive Vice President and Chief Financial Officer	February 12, 2021
Ronald E. Bruehlman	(Principal Financial Officer)

/s/ Emmanuel N. Korakis	Senior Vice President, Corporate Controller	February 12, 2021
Emmanuel N. Korakis	(Principal Accounting Officer)

/s/ Carol J. Burt	Director	February 12, 2021
Carol J. Burt

/s/ John P. Connaughton	Director	February 12, 2021
John P. Connaughton

/s/ John G. Danhakl	Director	February 12, 2021
John G. Danhakl

/s/ James A. Fasano	Director	February 12, 2021
James A. Fasano

/s/ Colleen A. Goggins	Director	February 12, 2021
Colleen A. Goggins

/s/ John M. Leonard, M.D.	Director	February 12, 2021
John M. Leonard, M.D.

/s/ Ronald A. Rittenmeyer	Director	February 12, 2021
Ronald A. Rittenmeyer

/s/ Todd B. Sisitsky	Director	February 12, 2021
Todd B. Sisitsky

(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)	2020		2019		2018
Selling, general and administrative expenses	$	—	$	—	$	2

Loss from operations	—		—		(2)
Interest income	—		—		—
Other expense, net	—		—		—
Loss before income taxes and equity in earnings of subsidiary	—		—		(2)
Income tax benefit	—		—		(1)
(Loss) income before equity in earnings of subsidiary	—		—		(1)
Equity in earnings of subsidiary	279		191		260
Net income	$	279	$	191	$	259

IQVIA HOLDINGS INC. (PARENT COMPANY ONLY)

CONDENSED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME


	Year Ended December 31,
(in millions)	2020		2019		2018
Net income	$	279	$	191	$	259
Comprehensive income (loss) adjustments:
Unrealized (losses) gains on derivative instruments, net of income tax expense (benefit) of $(10), $4 and $(5)	(30)		(15)		1
Defined benefit plan adjustments, net of income tax (benefit) expense of $(15), $5 and $(4)	(54)		(30)		(8)
Foreign currency translation, net of income tax (benefit) expense of $(145), $(30) and $50	180		(41)		(255)
Reclassification adjustments:
Losses (gains) on derivative instruments included in net income, net of income tax expense of $3, $— and $1	10		(1)		(12)
Amortization of actuarial losses and prior service costs included in net income	—		—		1
Comprehensive income (loss)	$	385	$	104	$	(14)

IQVIA HOLDINGS INC. (PARENT COMPANY ONLY)

CONDENSED BALANCE SHEETS


	December 31,
(in millions, except per share data)	2020		2019
ASSETS
Current assets:
Cash and cash equivalents	$	1	$	3
Income taxes receivable	—		—
Other current assets and receivables	—		—
Total current assets	1		3
Investment in subsidiary	9,666		9,667
Receivable from parent company	—		—
Total assets	$	9,667	$	9,670
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$	—	$	—
Income taxes payable	—		—
Total current liabilities	—		—
Investment in subsidiary	3,664		3,664
Payable to subsidiary	2		3
Total liabilities	3,666		3,667
Commitments and contingencies
Stockholders’ equity:
Common stock and additional paid-in capital, 400.0 shares authorized at December 31, 2020 and 2019, $0.01 par value, 254.7 shares issued and 191.2 shares outstanding at December 31, 2020; 253.0 shares issued and 192.3 shares outstanding at December 31, 2019	11,095		11,049
Retained earnings	1,277		998
Treasury stock, at cost, 63.5 and 60.7 shares at December 31, 2020 and 2019, respectively	(6,166)		(5,733)
Accumulated other comprehensive (loss) income	(205)		(311)
Total stockholders’ equity	6,001		6,003
Total liabilities and stockholders’ equity	$	9,667	$	9,670

IQVIA HOLDINGS INC. (PARENT COMPANY ONLY)

CONDENSED STATEMENTS OF CASH FLOWS


		Year Ended December 31,
(in millions)		2020		2019		2018
Operating activities:
Net Income		$	279	$	191	$	259
Adjustments to reconcile net income to cash provided by operating activities:
Subsidiary loss		(279)		—		143
Change in operating assets and liabilities:
Accounts payable and accrued expenses		—		—		2
Income taxes payable and other liabilities	— —	—		—		—
Net cash provided by operating activities	191 404	$	—	$	191	$	404
Investing activities:
Investment in subsidiary, net of dividends received		477		760		983
Net cash provided by investing activities		477		760		983
Financing activities:
Proceeds related to employee stock purchase and option plans		—		—		15
Issuance of common stock		(44)		11		—
Repurchase of common stock		(434)		(963)		(1,405)
Intercompany with subsidiary		(1)		3		3
Net cash used in financing activities		(479)		(949)		(1,387)
Effect of foreign currency exchange rate changes on cash		—		—		—
(Decrease) increase in cash and cash equivalents		(2)		2		—
Cash and cash equivalents at beginning of period		3		1		1
Cash and cash equivalents at end of period		$	1	$	3	$	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, $0 million and $1 million in 2020, 2019 and 2018, 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 2020, 2019 and 2018:


(in millions)	Amount
Paid in December 2020	$	81
Paid in October 2020	20
Paid in July 2020	2
Paid in March 2020	44
Paid in February 2020	333
Total paid in 2020	480
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

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, 2020	$	266	$	40	$	—	$	—	$	306
December 31, 2019	$	226	$	40	$	—	$	—	$	266
December 31, 2018	$	200	$	23	$	—	$	3	$	226

(a)Recorded through purchase accounting transaction.

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

Previous: Item 15. Exhibits and Financial Statement Schedules