.Analysis of Inventory
Difficulty: Advanced
Inventory Accounting Policy
Inventories consist of prescription drugs and medical supplies which are stated at the lower of first-in first-out cost or net realizable value.
Source: Express Scripts Holding Co., Annual Report
Inventory Disclosure
Express Scripts Holding Co., Statement of Financial Position, Inventory
USD $ in thousands
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | ||
|---|---|---|---|---|---|---|
| | Prescription drugs and medical supplies | |||||
| | Inventories |
Source: Based on data from Express Scripts Holding Co. Annual Reports
| Item | Description | The company |
|---|---|---|
| Inventories | Carrying amount (lower of cost or market) as of the balance sheet date of inventories less all valuation and other allowances. Excludes noncurrent inventory balances (expected to remain on hand past one year or one operating cycle, if longer). | Express Scripts Holding Co.'s inventories declined from 2015 to 2016 but then increased from 2016 to 2017 exceeding 2015 level. |
