IQVIA Holdings Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	1,360	1,373	1,358	1,091	966
Depreciation & Amortization	1,144	642	650	711	1,053
Other Amortization	23	493	493	434	228
Loss (Gain) From Sale of Assets	-	-	-	-10	-
Loss (Gain) From Sale of Investments	-44	-22	-20	27	-16
Loss (Gain) on Equity Investments	-22	-5	-	12	-6
Stock-Based Compensation	247	206	217	194	170
Other Operating Activities	-179	-129	-269	-115	-133
Change in Accounts Receivable	60	182	-388	-421	-138
Change in Accounts Payable	-96	115	267	427	244
Change in Unearned Revenue	242	9	-29	31	591
Change in Income Taxes	-165	-155	-164	-128	-2
Change in Other Net Operating Assets	84	7	34	7	-15
Operating Cash Flow	2,654	2,716	2,149	2,260	2,942
Operating Cash Flow Growth	-2.28%	26.38%	-4.91%	-23.18%	50.18%
Capital Expenditures	-603	-602	-649	-674	-640
Sale of Property, Plant & Equipment	75	25	-	-	-
Cash Acquisitions	-1,714	-735	-876	-1,315	-1,458
Investment in Securities	-62	-134	-83	-25	-10
Other Investing Activities	-1	2	5	8	5
Investing Cash Flow	-2,305	-1,444	-1,603	-2,006	-2,103
Long-Term Debt Issued	9,840	1,685	6,384	3,600	2,761
Long-Term Debt Repaid	-8,593	-1,132	-5,582	-2,659	-2,691
Net Debt Issued (Repaid)	1,247	553	802	941	70
Repurchase of Common Stock	-1,244	-1,350	-992	-1,168	-406
Other Financing Activities	-153	-81	-192	-102	-899
Financing Cash Flow	-150	-878	-382	-329	-1,235
Foreign Exchange Rate Adjustments	79	-68	-4	-75	-52
Net Cash Flow	278	326	160	-150	-448
Free Cash Flow	2,051	2,114	1,500	1,586	2,302
Free Cash Flow Growth	-2.98%	40.93%	-5.42%	-31.10%	71.41%
Free Cash Flow Margin	12.57%	13.72%	10.01%	11.01%	16.59%
Free Cash Flow Per Share	11.82	11.53	8.05	8.32	11.80
Cash Income Tax Paid	-	295	340	255	222
Levered Free Cash Flow	2,459	1,839	1,453	1,482	2,099
Unlevered Free Cash Flow	2,891	2,236	1,855	1,727	2,317
Change in Working Capital	125	158	-280	-84	680

Source: S&P Global Market Intelligence. Standard template. Financial Sources.