Stock Analysis on Net
Stock Analysis on Net

Express Scripts Holding Co. (NASDAQ:ESRX)

$22.49

This company has been moved to the archive! The financial data has not been updated since October 31, 2018.

Common-Size Balance Sheet: Assets

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Express Scripts Holding Co., common-size consolidated balance sheet: assets

Microsoft Excel
Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014 Dec 31, 2013
Cash and cash equivalents
Receivables, net
Inventories
Deferred taxes
Prepaid expenses and other current assets
Current assets of discontinued operations
Current assets
Property and equipment, net
Computer software, net
Goodwill
Other intangible assets, net
Other assets
Noncurrent assets
Total assets

Based on: 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31).

Cash and cash equivalents
The proportion of cash and cash equivalents relative to total assets declined from 3.72% in 2013 to 3.41% in 2014, followed by a notable increase to 5.98% in 2015 and stability around 5.95% in 2016. In 2017, this ratio decreased again to 4.26%, indicating some fluctuation with a general trend toward a mid-range value.
Receivables, net
This component showed a clear upward trend, rising from 7.51% in 2013 to 11.12% in 2014, and continuing to increase to 12.62% in 2015 and 13.65% in 2016. A slight decline to 13.01% was observed in 2017, but the overall pattern points to growing receivables as a portion of total assets over the period.
Inventories
Inventories remained relatively stable over the five-year span, fluctuating modestly between 3.49% and 3.93% of total assets. This suggests inventory levels have been managed consistently relative to the size of the asset base.
Deferred taxes
Deferred taxes as a percentage of total assets decreased slightly from 0.85% in 2013 to 0.73% in 2014, with no recorded data beyond that point.
Prepaid expenses and other current assets
This category exhibited variability, starting at a low 0.22% in 2013, rising to 0.47% in 2014, falling again to 0.24% in 2015, and then progressively increasing to 0.51% in 2016 and 0.86% in 2017, indicating growing importance within current assets.
Current assets of discontinued operations
This item was minimal at 0.06% of total assets in 2013 and absent for subsequent years, implying divestiture or completion of related activities.
Current assets
Current assets as a whole increased steadily from 15.86% in 2013 to a peak of 23.89% in 2016, before slightly decreasing to 22.04% in 2017. This reflects a growing allocation to short-term resources, predominantly driven by increases in receivables and cash, albeit with some recent stabilization.
Property and equipment, net
This asset category consistently decreased its share of total assets, dropping from 3.10% in 2013 to 1.02% in 2017, suggesting reduced investment or divestment in fixed tangible assets over time.
Computer software, net
Data was only available for 2017, where it accounted for 1.5% of total assets, indicating recent capital allocation or capitalization of software-related investments.
Goodwill
Goodwill represented the largest asset component, increasing slightly from 54.73% in 2013 to 57.32% in 2017. This consistent and gradually rising trend points to continued acquisitions or recognition of intangible value related to business combinations.
Other intangible assets, net
In contrast, other intangible assets decreased substantially over the period from 26.17% in 2013 to a low of 16.69% in 2016, with a moderate increase to 17.74% in 2017. This decline may relate to amortization or impairment of intangible assets aside from goodwill.
Other assets
Other assets increased marginally from 0.14% in 2013 to 0.38% in 2017, signifying a relatively minor but steady accumulation of miscellaneous assets.
Noncurrent assets
Noncurrent assets (which include goodwill and intangible assets) decreased from 84.14% in 2013 to 76.11% in 2016, followed by a slight recovery to 77.96% in 2017. This trend reflects a gradual shift from long-term assets to a somewhat increased proportion of current assets over the examined years.
Total assets
As expected, total assets consistently sum to 100% at each period end, serving as the base for proportional analysis of asset components.