NASDAQ$RPRX

Royalty Pharma PLC · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Royalty Pharma reported Q4 2020 earnings with growth in operating activities and Adjusted Cash Flow.

Royalty Pharma's Q4 2020 results showed an 18% increase in net cash provided by operating activities and a 9% increase in Adjusted Cash Receipts. The company also announced $2.4 billion in acquisitions for 2020 and increased its outlook for 2020-2025 Adjusted Cash Receipts CAGR to 7%-10%.

  • Net cash provided by operating activities increased by 18% in Q4 2020.
  • Adjusted Cash Receipts grew by 9% to $484 million in Q4 2020.
  • Adjusted Cash Flow increased by 22% to $423 million in Q4 2020.
  • The company executed $2.4 billion of transactions spanning five therapeutic areas in 2020.

Headline financials

Total Revenue

$572M

Previous: $457M+25.0%
EPS (adj)

$0.27

Previous: $4.01-93.3%
Portfolio Receipts

$484M

Previous: $446M+8.5%
Net Income

$367M

Previous: $1.42B-74.2%
Operating Income

$314M

Previous: $1.33B-76.4%
Gross Profit

$442M

Previous: -$462M+195.7%
Cash & Equivalents

$1.01B

No prior period
Total Assets

$16B

No prior period
Stock-Based Comp

$840K

No prior period

Revenue & EPS history

Royalty Pharma · Revenue · Quarterly

$572M

Q4 2020+25%vs Q4 2019
Beat estimate in 2 of 6 quarters(33%)
ActualEstimate

Revenue by segment

Royalty Pharma · $469M total across 8 segments · Q4 2020

  • Cystic Fibrosis Franchise
    $159M+37.1%
  • Tysabri
    $93M+9.4%
  • Imbruvica
    $85M+11.8%
  • Other Products
    $46M-31.3%
  • Promacta
    $42M+16.7%
  • Xtandi
    $39M+14.7%
  • Erleada
    $3M+200.0%
  • Trodelvy
    $2M

Forward guidance

Royalty Pharma anticipates full-year 2021 Adjusted Cash Receipts(1) to be between $1,910 million and $1,960 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 Q4 2020

Historical avgQ4 2020

-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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