earnings
confidence high
sentiment positive
materiality 0.75
Royalty Pharma Q2 adj cash receipts $545M (+4%); raises 2023 guidance to $2.9-2.975B
Royalty Pharma plc
2023-Q2 EPS reported
$1.27
revenue$1,222,173,000
- Net cash from ops $608M (+6% YoY); Adjusted Cash Receipts $545M (+4%), Adjusted EBITDA $498M (+4%).
- Raised 2023 Adj Cash Receipts guidance to $2.900B-$2.975B from $2.85B-$2.95B, excluding new transactions.
- YTD announced transactions up to $1.7B, including $659M upfront; began share repurchases.
- CF franchise royalties +13% to $206M; Trelegy added $37M, Spinraza $13M; Imbruvica -22%, Xtandi -22%.
- Adjusted Cash Flow $512M (+6%) driven by EBITDA growth and higher net interest received.