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: Liabilities and Stockholders’ Equity
Quarterly Data

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Express Scripts Holding Co., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

Microsoft Excel
Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014 Dec 31, 2013 Sep 30, 2013 Jun 30, 2013 Mar 31, 2013
Claims and rebates payable
Accounts payable
Accrued expenses
Short-term debt and current maturities of long-term debt
Current liabilities of discontinued operations
Current liabilities
Long-term debt, excluding current maturities
Deferred taxes
Other liabilities
Noncurrent liabilities of discontinued operations
Noncurrent liabilities
Total liabilities
Preferred stock, $0.01 par value per share; no shares issued and outstanding
Common stock, $0.01 par value
Additional paid-in capital
Accumulated other comprehensive income (loss)
Retained earnings
Common stock in treasury at cost
Total Express Scripts stockholders’ equity
Non-controlling interest
Total stockholders’ equity
Total liabilities and stockholders’ equity

Based on: 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-K (reporting date: 2013-12-31), 10-Q (reporting date: 2013-09-30), 10-Q (reporting date: 2013-06-30), 10-Q (reporting date: 2013-03-31).

Current Liabilities
The current liabilities as a percentage of total liabilities and stockholders’ equity generally increased from 20.73% in March 2013 to a peak of 37.63% in June 2016, indicating a rising trend in obligations expected to be settled within one year. After this peak, current liabilities stabilized around the low 30% range through September 2018.
Claims and Rebates Payable
Claims and rebates payable showed a steady upward trend, climbing from 11.96% in March 2013 to approximately 18.38% by September 2018. This steady increase suggests that these short-term payables grew as a larger proportion of the overall financing structure over time.
Accounts Payable
Accounts payable experienced some fluctuations but an overall increasing pattern, rising from 4.63% in March 2013 to a high near 8.77% in June 2018 before slightly falling to 7.96% in September 2018. This may reflect growth in operational purchases or delayed payments to suppliers.
Accrued Expenses
Accrued expenses showed volatility, increasing from 2.76% in March 2013 to a notable peak of 5.78% in December 2016, followed by fluctuations and a decline to 3.73% by September 2018. This variability may point to timing differences in recognizing expenses or operational changes.
Short-term Debt and Current Maturities of Long-term Debt
The proportion attributed to short-term debt displayed considerable variability, with spikes such as 8.14% in June 2016 and a substantial drop to 0.16% in March 2018, ending at 3.65% in September 2018. These swings indicate adjustments in the short-term borrowings portion of the capital structure.
Long-term Debt (Excluding Current Maturities)
Long-term debt as a percentage generally remained within the 20% to 30% range, with a low of 20.47% at year-end 2014 and peaks close to 29.32% in September 2016. However, a decreasing trend is observable from mid-2015 onwards, with the ratio diminishing to 23.4% by September 2018, suggesting a moderate reduction in long-term leverage.
Deferred Taxes
Deferred taxes declined steadily from 10.4% in March 2013 to 4.23% in September 2018. This persistent decrease could imply reduced temporary differences or a change in tax planning strategies affecting deferred tax liabilities.
Other Liabilities
Other liabilities remained relatively stable and low in proportion, fluctuating slightly between 1.2% and 1.57% throughout the period, reflecting minor changes in miscellaneous liabilities.
Total Liabilities
Total liabilities increased from 57.49% in March 2013 up to a maximum near 70.95% in March 2016, followed by a gradual decline to 62.89% in September 2018. The rise and fall suggest a period of elevated borrowing and liabilities, followed by deleveraging.
Total Stockholders’ Equity
Total stockholders’ equity decreased from approximately 43.75% in June 2013 to a low of 29.05% in March 2016, then recovered to 37.11% by September 2018. This trend reflects a period of equity contraction, possibly driven by treasury stock activity, followed by gradual rebuilding of equity.
Additional Paid-in Capital
Additional paid-in capital remained a significant and relatively stable component of equity, varying between 38.59% and 46.42%. It increased slightly overall but exhibited some fluctuations that may relate to equity issuances or repurchases.
Retained Earnings
Retained earnings showed consistent growth, rising from 4.39% in March 2013 to 34.07% by September 2018. This steady increase indicates accumulating earnings retained within the company over the analyzed period.
Common Stock in Treasury at Cost
The treasury stock component steadily increased in its negative impact on equity, dropping from -0.54% to around -40% in the peak periods before improving slightly to -39.96% in September 2018. This trend indicates extensive repurchase of shares, reducing total stockholders’ equity.
Overall Capital Structure
The data reveals an increasing use of current liabilities and a fluctuating level of long-term debt, accompanied by decreasing deferred taxes and volatile equity levels influenced heavily by treasury stock activity. The company’s equity was notably compressed in the mid-period but showed signs of recovery toward the end of the dataset. The balance between liabilities and equity indicates shifts in financing strategies, including periods of higher leverage and equity buybacks.