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 Income Statement

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Express Scripts Holding Co., common-size consolidated income statement

Microsoft Excel
12 months ended: Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014 Dec 31, 2013
Revenues
Cost of revenues
Gross profit
Selling, general and administrative
Operating income
Interest income and other
Interest expense and other
Other income (expense)
Income before income taxes
Provision for income taxes
Net income from continuing operations
Net loss from discontinued operations, net of tax
Net income
Net income attributable to non-controlling interest
Net income attributable to Express Scripts

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).

Revenue and Cost Trends
The company's revenues remained stable at 100% across all reported years, indicating a consistent revenue base. The cost of revenues as a percentage of revenues showed a gradual decline from -92.19% in 2013 to -91.24% in 2017, suggesting a slight improvement in cost efficiency related to producing goods or services.
Profitability
Gross profit margins improved steadily, increasing from 7.81% in 2013 to 8.76% in 2017. This positive trend reflects enhanced profitability at the gross level. Operating income also demonstrated significant growth over the period, rising from 3.41% to 5.49%, which indicates that the company managed to enhance operational profitability through either increased revenue or effective cost control.
Operating Expenses
Selling, general, and administrative expenses decreased as a percentage of revenues from -4.40% in 2013 to -3.27% in 2017. This reduction points to effective management of operating expenses, contributing to higher operating income.
Other Income and Expenses
The net effect of interest income and expenses remained relatively minor. Interest income fluctuated slightly but remained low, ranging from 0.07% to 0.02%, while interest expense showed variability without a clear directional trend, moving between -0.57% and -0.69%. Other income (expense) was consistently negative but improved modestly, moving from -0.50% to -0.56%, indicating a small but consistent expense impacting income before taxes.
Income Before Taxes and Tax Provision
Income before income taxes grew steadily from 2.91% in 2013 to 4.93% in 2017, reflecting improved pre-tax profitability. The provision for income taxes as a percentage of revenues showed a noteworthy decrease, from -1.06% in 2013 to -0.40% in 2017, which could suggest tax optimization or changes in tax rates benefiting the company’s net earnings.
Net Income and Components
Net income from continuing operations increased markedly from 1.85% in 2013 to 4.53% in 2017, underscoring substantial growth in core profitability. Net income overall followed the same upward trend, as did net income attributable to the company, which grew from 1.77% to 4.51%. The net income attributable to non-controlling interests steadily decreased from -0.03% to -0.01%, indicating a diminishing share of net income allocated to minority interests.