PPD, INC. Financial Statements (2024 and earlier)
Company Profile
| Business Address |
929 NORTH FRONT STREET WILMINGTON, NC 28401-3331 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 8731 - Commercial Physical and Biological Research (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 9/30/2021 MRQ | 12/31/2020 | |||
|---|---|---|---|---|
| ASSETS | ||||
| Current Assets | ||||
| Cash, cash equivalents, and short-term investments | 768 | |||
| Cash and cash equivalents | 768 | |||
| Receivables | 1,632 | |||
| Other undisclosed current assets | 146 | |||
| Total current assets: | 2,546 | |||
| Noncurrent Assets | ||||
| Finance lease, right-of-use asset, after accumulated amortization | 20 | |||
| Operating lease, right-of-use asset | 172 | |||
| Long-term investments and receivables | 309 | |||
| Long-term investments | 309 | |||
| Intangible assets, net (including goodwill) | 2,569 | |||
| Goodwill | 1,820 | |||
| Intangible assets, net (excluding goodwill) | 748 | |||
| Other noncurrent assets | 202 | |||
| Other undisclosed noncurrent assets | 476 | |||
| Total noncurrent assets: | 3,748 | |||
| TOTAL ASSETS: | 6,294 | |||
| LIABILITIES AND EQUITY | ||||
| Liabilities | ||||
| Current Liabilities | ||||
| Accounts payable and accrued liabilities | 724 | |||
| Interest and dividends payable | 3 | |||
| Taxes payable | 21 | |||
| Employee-related liabilities | 331 | |||
| Accounts payable | 176 | |||
| Accrued liabilities | 193 | |||
| Deferred revenue | 1,061 | |||
| Debt | 36 | |||
| Other undisclosed current liabilities | 456 | |||
| Total current liabilities: | 2,278 | |||
| Noncurrent Liabilities | ||||
| Long-term debt and lease obligation, including: | 4,226 | |||
| Other undisclosed long-term debt and lease obligation | 4,089 | |||
| Liabilities, other than long-term debt | 172 | |||
| Accounts payable and accrued liabilities | 19 | |||
| Deferred income tax liabilities | 55 | |||
| Other liabilities | 99 | |||
| Operating lease, liability | 138 | |||
| Other undisclosed noncurrent liabilities | 330 | |||
| Total noncurrent liabilities: | 4,728 | |||
| Total liabilities: | 7,005 | |||
| Temporary equity, carrying amount | 35 | |||
| Equity | ||||
| Equity, attributable to parent | (747) | |||
| Common stock | 4 | |||
| Treasury stock, value | (13) | |||
| Additional paid in capital | 1,820 | |||
| Accumulated other comprehensive loss | (285) | |||
| Accumulated deficit | (2,272) | |||
| Total equity: | (747) | |||
| TOTAL LIABILITIES AND EQUITY: | 6,294 | |||
Income Statement (P&L) ($ in millions)
| 9/30/2021 TTM | 12/31/2020 | ||
|---|---|---|---|
| Revenues | 4,681 | ||
| Cost of revenue | (3,003) | ||
| Cost of goods and services sold | (1,961) | ||
| Gross profit: | 1,679 | ||
| Operating expenses | (1,171) | ||
| Operating income: | 508 | ||
| Nonoperating expense | (10) | ||
| Investment income, nonoperating | 53 | ||
| Other nonoperating expense | (63) | ||
| Interest and debt expense | (94) | ||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (217) | ||
| Income from continuing operations before equity method investments, income taxes: | 188 | ||
| Loss from equity method investments | (8) | ||
| Income from continuing operations before income taxes: | 179 | ||
| Income tax expense | (19) | ||
| Income from continuing operations: | 161 | ||
| Income before gain (loss) on sale of properties: | ✕ | 161 | |
| Net income: | 161 | ||
| Net loss attributable to noncontrolling interest | (7) | ||
| Net income attributable to parent: | 154 | ||
| Other undisclosed net loss available to common stockholders, basic | (34) | ||
| Net income available to common stockholders, diluted: | 120 | ||
Comprehensive Income ($ in millions)
| 9/30/2021 TTM | 12/31/2020 | ||
|---|---|---|---|
| Net income: | 161 | ||
| Other comprehensive income | 14 | ||
| Comprehensive income: | 175 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (9) | ||
| Comprehensive income, net of tax, attributable to parent: | 166 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.