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 15, 2024

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 15, 2024
Ari Bousbib	(Principal Executive Officer)

/s/ Ronald E. Bruehlman	Executive Vice President and Chief Financial Officer	February 15, 2024
Ronald E. Bruehlman	(Principal Financial Officer)

/s/ Keriann Cherofsky	Senior Vice President, Chief Accounting Officer and Corporate Controller	February 15, 2024
Keriann Cherofsky	(Principal Accounting Officer)

/s/ Carol J. Burt	Director	February 15, 2024
Carol J. Burt

/s/ John P. Connaughton	Director	February 15, 2024
John P. Connaughton

/s/ John G. Danhakl	Director	February 15, 2024
John G. Danhakl

/s/ James A. Fasano	Director	February 15, 2024
James A. Fasano

/s/ Colleen A. Goggins	Director	February 15, 2024
Colleen A. Goggins

/s/ John M. Leonard, M.D.	Director	February 15, 2024
John M. Leonard, M.D.

/s/ Leslie Wims Morris	Director	February 15, 2024
Leslie Wims Morris

/s/ Todd B. Sisitsky	Director	February 15, 2024
Todd B. Sisitsky

/s/ Sheila A. Stamps	Director	February 15, 2024
Sheila A. Stamps

(2) Financial Statement Schedules

Schedule I—Condensed Financial Information of Registrant

IQVIA HOLDINGS INC. (PARENT COMPANY ONLY)

CONDENSED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME


	Year Ended December 31,
(in millions)	2023		2022		2021
Equity in earnings of subsidiary, net of tax	$	1,358	$	1,091	$	966
Net income	1,358		1,091		966
Equity in other comprehensive (loss) income of subsidiary, net of tax	(140)		(321)		(191)
Comprehensive income	$	1,218	$	770	$	775

IQVIA HOLDINGS INC. (PARENT COMPANY ONLY)

CONDENSED BALANCE SHEETS


	December 31,
(in millions, except per share data)	2023		2022
ASSETS
Current assets:
Cash and cash equivalents	$	2	$	2
Total current assets	2		2
Investment in subsidiary	9,667		9,667
Total assets	$	9,669	$	9,669
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$	8	$	—
Total current liabilities	8		—
Investment in subsidiary	3,546		3,902
Payable to subsidiary	3		2
Total liabilities	3,557		3,904
Commitments and contingencies
Stockholders’ equity:
Common stock and additional paid-in capital, 400.0 shares authorized as of December 31, 2023 and 2022, $0.01 par value, 257.2 shares issued and 181.5 shares outstanding as of December 31, 2023; 256.4 shares issued and 185.7 shares outstanding as of December 31, 2022	11,028		10,898
Retained earnings	4,692		3,334
Treasury stock, at cost, 75.7 and 70.7 shares as of December 31, 2023 and 2022, respectively	(8,741)		(7,740)
Accumulated other comprehensive loss	(867)		(727)
Total stockholders’ equity	6,112		5,765
Total liabilities and stockholders’ equity	$	9,669	$	9,669

IQVIA HOLDINGS INC. (PARENT COMPANY ONLY)

CONDENSED STATEMENTS OF CASH FLOWS


	Year Ended December 31,
(in millions)	2023		2022		2021
Operating activities:
Net Income	$	1,358	$	1,091	$	966
Adjustments to reconcile net income to cash provided by operating activities:
Equity in earnings of subsidiary	(1,358)		(1,091)		(966)
Change in operating assets and liabilities:
Other operating assets and liabilities	—		1		(1)
Net cash provided by (used in) operating activities	—		1		(1)
Investing activities:
Investment in subsidiary, net of dividends received	1,052		1,238		467
Net cash provided by investing activities	1,052		1,238		467
Financing activities:
Payments related to employee stock option plans	(61)		(71)		(59)
Repurchase of common stock	(992)		(1,168)		(406)
Intercompany with subsidiary	1		—		—
Net cash used in financing activities	(1,052)		(1,239)		(465)
Increase in cash and cash equivalents	—		—		1
Cash and cash equivalents at beginning of period	2		2		1
Cash and cash equivalents at end of period	$	2	$	2	$	2

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. These condensed parent company financial statements are not the general-purpose financial statements of the reporting entity. 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.

Below is a summary of the dividends paid to the Parent by IQVIA Incorporated in the years ended December 31, 2023, 2022 and 2021:


(in millions)	Amount
Paid in November 2023	$	232
Paid in September 2023	55
Paid in August 2023	89
Paid in May 2023	490
Paid in March 2023	130
Paid in February 2023	56
Total paid in 2023	$	1,052
Paid in December 2022	$	25
Paid in November 2022	3
Paid in October 2022	40
Paid in September 2022	110
Paid in August 2022	1
Paid in July 2022	100
Paid in June 2022	188
Paid in May 2022	303
Paid in April 2022	2
Paid in March 2022	125
Paid in February 2022	322
Paid in January 2022	20
Total paid in 2022	$	1,239
Paid in December 2021	$	57
Paid in November 2021	89
Paid in October 2021	60
Paid in September 2021	36
Paid in August 2021	35
Paid in July 2021	25
Paid in June 2021	20
Paid in May 2021	23
Paid in April 2021	4
Paid in March 2021	51
Paid in February 2021	70
Total paid in 2021	$	470

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, 2023	$	257	$	(99)	$	—	$	8	$	166
December 31, 2022	$	294	$	(27)	$	—	$	(10)	$	257
December 31, 2021	$	306	$	1	$	—	$	(13)	$	294

(a)Recorded through purchase accounting transaction.

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

Previous: Item 15. Exhibits and Financial Statement Schedules