NASDAQ$RPRX

Royalty Pharma PLC · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported financial results for the second quarter of 2021 and raised full-year 2021 guidance for Adjusted Cash Receipts.

Royalty Pharma reported a 9% increase in total income and other revenues to $555 million. Adjusted Cash Receipts increased 3% to $475 million, and Adjusted Cash Flow grew 16% to $429 million. The company also raised its full-year 2021 guidance for Adjusted Cash Receipts to $2,080 to $2,120 million.

  • Net cash provided by operating activities increased to $532 million.
  • Total income and other revenues grew 9% to $555 million, primarily driven by newly acquired assets.
  • Adjusted Cash Receipts increased 3% to $475 million, driven by the CF franchise royalty receipts, Biohaven payments and royalty acquisitions.
  • Adjusted Cash Flow grew 16% to $429 million, reflecting a 90.2% margin.

Headline financials

Total Revenue

$555M

Previous: $511M+8.6%
EPS (adj)

$0.73

Previous: $0.99-26.3%
Portfolio Receipts

$475M

No prior period
Free Cash Flow

$441M

Previous: $442M-0.3%
Net Income

$441M

Previous: $442M-0.3%
Operating Income

$745M

Previous: $409M+82.0%
Gross Profit

$520M

Previous: $402M+29.2%
Cash & Equivalents

$1.14B

Previous: $2.44B-53.3%
Total Assets

$16.5B

Previous: $15.7B+5.3%
Stock-Based Comp

$721K

Previous: $3.74M-80.7%

Revenue & EPS history

Royalty Pharma · Revenue · Quarterly

$555M

Q2 2021+8.6%vs Q2 2020
Beat estimate in 3 of 8 quarters(38%)
ActualEstimate

Revenue by segment

Royalty Pharma · $473M total across 10 segments · Q2 2021

  • Cystic Fibrosis Franchise
    $156M—
  • Tysabri
    $92M—
  • Imbruvica
    $87M—
  • Other Products
    $51M—
  • Xtandi
    $36M—
  • Promacta
    $32M—
  • Cabometyx/Cometriq
    $10M—
  • Evrysdi
    $3M—
  • Erleada
    $3M—
  • Trodelvy
    $3M—

Forward guidance

Royalty Pharma expects Adjusted Cash Receipts to be between $2,080 million and $2,120 million, excluding new transactions announced after 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 19 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 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
Q2 2025———
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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