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 20 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
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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