NASDAQ$RPRX

Royalty Pharma PLC · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Royalty Pharma's financial results for Q3 2022 were reported, demonstrating growth in operating cash flow and adjusted cash receipts.

Royalty Pharma reported a 15% increase in net cash provided by operating activities, reaching $539 million, and a 2% increase in Adjusted Cash Receipts, totaling $597 million. The company announced transactions of up to $3.0 billion year-to-date, including $1.7 billion in upfront payments. Royalty Pharma increased its full-year 2022 guidance for Adjusted Cash Receipts to $2,750 to $2,800 million.

  • Net cash provided by operating activities (GAAP) increased 15% to $539 million.
  • Adjusted Cash Receipts increased 2% to $597 million, driven by strong portfolio performance and the acquisition of royalties on Trelegy.
  • Adjusted EBITDA grew 3% to $548 million.
  • Adjusted Cash Flow increased 26% to $441 million.

Headline financials

Total Revenue

$573M

Previous: $586M-2.1%
EPS (adj)

$0.32

Previous: $0.24+33.3%
Portfolio Receipts

$597M

No prior period
Free Cash Flow

$143M

Previous: $102M+40.0%
Net Income

$143M

Previous: $102M+40.0%
Operating Income

$192M

Previous: $303M-36.6%
Gross Profit

$150M

Previous: $562M-73.4%
Cash & Equivalents

$992M

Previous: $1.8B-44.9%
Total Assets

$17.7B

Previous: $17.7B-0.3%
Stock-Based Comp

$582K

Previous: $505K+15.2%

Revenue & EPS history

Royalty Pharma · Revenue · Quarterly

$573M

Q3 2022-2.1%vs Q3 2021
Beat estimate in 3 of 15 quarters(20%)
ActualEstimate

Revenue by segment

Royalty Pharma · $643M total across 12 segments · Q3 2022

  • Cystic Fibrosis Franchise
    $208M+13.7%
  • Tysabri
    $91M-5.2%
  • Imbruvica
    $74M-15.9%
  • Other Products
    $73M-41.1%
  • Promacta
    $50M+4.2%
  • Xtandi
    $46M+15.0%
  • Trelegy
    $43M
  • Tremfya
    $21M+23.5%
  • Cabometyx/Cometriq
    $15M+25.0%
  • Evrysdi
    $10M+66.7%
  • Erleada
    $6M+50.0%
  • Trodelvy
    $6M+100.0%

Forward guidance

Royalty Pharma anticipates full-year 2022 Adjusted Cash Receipts to be between $2,750 million and $2,800 million. The guidance reflects an estimated foreign exchange impact of approximately -3% to -4% for full-year 2022 year/year Adjusted Cash Receipts growth, assuming current exchange rates prevail for the balance of 2022.

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 Q3 2022

Historical avgQ3 2022

-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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