NASDAQ$RPRX

Royalty Pharma PLC · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported financial results for Q4 and full year 2021, and introduced 2022 Adjusted Cash Receipts guidance.

Royalty Pharma reported strong Q4 and full year 2021 results, with Adjusted Cash Receipts growing by 12% in Q4 and 18% for the full year. The company also announced transactions of $3.0 billion in 2021 and introduced 2022 Adjusted Cash Receipts guidance of $2,225 to $2,300 million.

  • Net cash provided by operating activities (GAAP) was $490 million.
  • Adjusted Cash Receipts (non-GAAP) reached $543 million.
  • Adjusted Cash Flow (non-GAAP) was $488 million.
  • Announced transactions of up to $3.0 billion in 2021, including $2.3 billion in upfront payments.

Headline financials

Total Revenue

$576M

Previous: $572M+0.7%
EPS (adj)

$0.80

Previous: $0.27+196.3%
Portfolio Receipts

$543M

Previous: $484M+12.2%
Net Income

$54M

Previous: $367M-85.3%
Operating Income

$153M

Previous: $314M-51.3%
Cash & Equivalents

$1.54B

Previous: $1.01B+52.7%

Revenue & EPS history

Royalty Pharma · Revenue · Quarterly

$576M

Q4 2021+0.7%vs Q4 2020
Beat estimate in 4 of 10 quarters(40%)
ActualEstimate

Revenue by segment

Royalty Pharma · $564M total across 11 segments · Q4 2021

  • Cystic Fibrosis Franchise
    $196M+23.3%
  • Tysabri
    $94M+1.1%
  • Imbruvica
    $89M+4.7%
  • Promacta
    $49M+16.7%
  • Other Products
    $49M+6.5%
  • Xtandi
    $41M+5.1%
  • Tremfya
    $19M
  • Cabometyx/Cometriq
    $12M
  • Evrysdi
    $6M
  • Trodelvy
    $5M+150.0%
  • Erleada
    $4M+33.3%

Forward guidance

Royalty Pharma expects 2022 Adjusted Cash Receipts to be between $2,225 million and $2,300 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 Q4 2021

Historical avgQ4 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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