IQVIA Holdings Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	1,283	1,373	1,358	1,091	966	279
Depreciation & Amortization	658	642	650	711	1,053	1,020
Other Amortization	494	493	493	434	228	285
Loss (Gain) From Sale of Assets	-	-	-	-10	-	-
Loss (Gain) From Sale of Investments	-13	-22	-20	27	-16	-25
Loss (Gain) on Equity Investments	9	-5	-	12	-6	-7
Stock-Based Compensation	235	206	217	194	170	95
Other Operating Activities	-146	-129	-269	-115	-133	-147
Change in Accounts Receivable	365	182	-388	-421	-138	255
Change in Accounts Payable	115	115	267	427	244	253
Change in Unearned Revenue	9	9	-29	31	591	180
Change in Income Taxes	-155	-155	-164	-128	-2	-83
Change in Other Net Operating Assets	-50	7	34	7	-15	-146
Operating Cash Flow	2,804	2,716	2,149	2,260	2,942	1,959
Operating Cash Flow Growth	8.77%	26.38%	-4.91%	-23.18%	50.18%	38.25%
Capital Expenditures	-593	-602	-649	-674	-640	-616
Sale of Property, Plant & Equipment	75	25	-	-	-	-
Cash Acquisitions	-884	-735	-876	-1,315	-1,458	-177
Investment in Securities	-110	-134	-83	-25	-10	-1
Other Investing Activities	1	2	5	8	5	-2
Investing Cash Flow	-1,511	-1,444	-1,603	-2,006	-2,103	-796
Long-Term Debt Issued	-	1,685	6,384	3,600	2,761	2,841
Long-Term Debt Repaid	-	-1,132	-5,582	-2,659	-2,691	-2,499
Net Debt Issued (Repaid)	1,267	553	802	941	70	342
Repurchase of Common Stock	-2,182	-1,350	-992	-1,168	-406	-447
Other Financing Activities	-145	-81	-192	-102	-899	-112
Financing Cash Flow	-1,060	-878	-382	-329	-1,235	-217
Foreign Exchange Rate Adjustments	9	-68	-4	-75	-52	31
Net Cash Flow	242	326	160	-150	-448	977
Free Cash Flow	2,211	2,114	1,500	1,586	2,302	1,343
Free Cash Flow Growth	12.75%	40.93%	-5.42%	-31.10%	71.41%	60.84%
Free Cash Flow Margin	13.90%	13.72%	10.01%	11.01%	16.59%	11.82%
Free Cash Flow Per Share	12.58	11.53	8.05	8.32	11.80	6.89
Cash Interest Paid	-	-	-	-	-	399
Cash Income Tax Paid	295	295	340	255	222	209
Levered Free Cash Flow	2,456	1,839	1,453	1,482	2,099	1,633
Unlevered Free Cash Flow	2,876	2,236	1,855	1,727	2,317	1,875
Change in Working Capital	284	158	-280	-84	680	459

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