NASDAQ$RPRX

Royalty Pharma PLC · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported strong operating cash flow and top-line growth driven by the cystic fibrosis franchise.

Royalty Pharma reported a 14% increase in total income and other revenues to $573 million, driven by growth from the cystic fibrosis franchise. Adjusted Cash Receipts increased 37% to $524 million and Adjusted Cash Flow grew 37% to $409 million.

  • Net cash provided by operating activities increased 12% to $526 million.
  • Total income and other revenues grew 14% to $573 million, driven by growth from the cystic fibrosis franchise.
  • Adjusted Cash Receipts increased 37% to $524 million.
  • Adjusted Cash Flow grew 37% to $409 million.

Headline financials

Total Revenue

$573M

Previous: $501M+14.4%
EPS (adj)

$0.18

Previous: $0.20-11.4%
Portfolio Receipts

$524M

Previous: $382M+37.2%
Free Cash Flow

$69.1M

No prior period
Net Income

$69.1M

Previous: $71.2M-3.0%
Operating Income

$229M

Previous: $361M-36.6%
Gross Profit

$537M

Previous: $413M+30.1%
Cash & Equivalents

$709M

No prior period
Total Assets

$15.9B

No prior period
Stock-Based Comp

$713K

No prior period

Revenue & EPS history

Royalty Pharma · Revenue · Quarterly

$573M

Q1 2021+14.4%vs Q1 2020
Beat estimate in 3 of 7 quarters(43%)
ActualEstimate

Revenue by segment

Royalty Pharma · $524M total across 9 segments · Q1 2021

  • Cystic Fibrosis Franchise
    $167M+68.7%
  • Imbruvica
    $89M+14.1%
  • Other Products
    $88M-2.2%
  • Tysabri
    $87M+3.6%
  • Promacta
    $44M+22.2%
  • Xtandi
    $41M+17.1%
  • Erleada
    $3M+200.0%
  • Trodelvy
    $3M
  • Evrysdi
    $2M

Forward guidance

Royalty Pharma anticipates full-year 2021 Adjusted Cash Receipts to be between $1,940 million and $1,980 million, excluding new transactions announced subsequent to the date of this release.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

-0.6%

Avg return

Earnings day

+0.1%

Avg return

5 days after

+0.9%

Avg return

30 days after

43%

10 / 23 earnings

Positive

+6.8%

Q3 2025

Best reaction

-8.1%

Q1 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.0%+2.4%+10.7%
Q4 2025+0.1%+2.2%+3.3%
Q3 2025+6.8%+1.8%+5.0%
Q1 2025+0.9%+0.2%+3.1%
Q4 2024+1.7%+2.0%+3.0%
Q3 2024-3.7%-4.3%-5.9%
Q2 2024-3.6%-1.4%+5.3%
Q1 2024+0.4%+0.3%-1.9%
Q4 2023+2.1%+3.4%+2.7%
Q3 2023-0.5%-1.6%+3.7%
Q2 2023-0.9%-1.1%-6.4%
Q1 2023-4.7%-2.7%-2.8%
Q4 2022-2.0%-0.4%-8.8%
Q3 2022+1.6%+3.7%-0.1%
Q2 2022-0.9%+1.9%-1.8%
Q1 2022-8.1%-12.8%-6.2%
Q4 2021+3.6%+0.8%+1.7%
Q3 2021+1.5%+5.3%-4.6%
Q2 2021+2.7%+5.0%+5.6%
Q1 2021-2.2%-1.8%+12.4%
Q4 2020-2.1%+1.1%-1.5%
Q3 2020-1.6%+2.8%+10.3%
Q2 2020-3.0%-4.2%-5.9%
Q1 2020
Q4 2019
Q3 2019
Q2 2019
Q1 2019
Q3 2017
Q2 2017
Q1 2017
Q4 2016
Q3 2016
Q2 2016
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q4 2013
Q3 2013
Q2 2013
Q1 2013
Q4 2012
Q3 2012
Q2 2012

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