Name: Express Scripts Holding Co. (NASDAQ:ESRX) | Income Statement
Creator: Stock Analysis on Net

Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Download chart

Express Scripts Holding Co., consolidated income statement

US$ in thousands

12 months ended:	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013
Revenues	100,064,600)	100,287,500)	101,751,800)	100,887,100)	104,098,800)
Cost of revenues	(91,302,500)	(91,667,000)	(93,349,900)	(92,962,000)	(95,966,400)
Gross profit	8,762,100)	8,620,500)	8,401,900)	7,925,100)	8,132,400)
Selling, general and administrative	(3,268,100)	(3,532,700)	(4,062,600)	(4,322,700)	(4,580,700)
Operating income	5,494,000)	5,087,800)	4,339,300)	3,602,400)	3,551,700)
Interest income and other	42,900)	34,100)	24,800)	46,700)	74,700)
Interest expense and other	(607,900)	(694,800)	(500,300)	(582,900)	(596,100)
Other income (expense)	(565,000)	(660,700)	(475,500)	(536,200)	(521,400)
Income before income taxes	4,929,000)	4,427,100)	3,863,800)	3,066,200)	3,030,300)
Provision for income taxes	(397,300)	(999,500)	(1,364,300)	(1,031,200)	(1,104,000)
Net income from continuing operations	4,531,700)	3,427,600)	2,499,500)	2,035,000)	1,926,300)
Net loss from discontinued operations, net of tax	—)	—)	—)	—)	(53,600)
Net income	4,531,700)	3,427,600)	2,499,500)	2,035,000)	1,872,700)
Net income attributable to non-controlling interest	(14,300)	(23,200)	(23,100)	(27,400)	(28,100)
Net income attributable to Express Scripts	4,517,400)	3,404,400)	2,476,400)	2,007,600)	1,844,600)

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).

Between 2013 and 2017, the financial performance was characterized by stagnant revenue growth coupled with significant improvements in operational efficiency and bottom-line profitability. While the top line remained relatively flat, a consistent reduction in operating expenses led to a substantial increase in net income attributable to the company.

Revenue and Gross Profit Trends: Total revenues exhibited a slight downward trend, declining from 104.1 billion USD in 2013 to 100.1 billion USD in 2017. Despite this stagnation in sales, gross profit increased steadily from 8.1 billion USD to 8.8 billion USD over the same period. This divergence indicates an improvement in the gross margin, suggesting more effective management of the cost of revenues.
Operational Efficiency and Operating Income: A significant reduction in selling, general, and administrative (SG&A) expenses is observed, falling from 4.6 billion USD in 2013 to 3.3 billion USD in 2017. This disciplined cost management directly contributed to a robust increase in operating income, which rose from 3.6 billion USD in 2013 to 5.5 billion USD in 2017, representing a substantial expansion of the operating margin.
Net Income and Tax Impact: Net income attributable to the company grew significantly from 1.8 billion USD in 2013 to 4.5 billion USD in 2017. This growth was driven not only by increased operating income but also by a notable decrease in the provision for income taxes in 2017, which dropped to 397 million USD compared to 1.36 billion USD in 2015.
Other Financial Items: Interest expenses remained relatively stable, fluctuating between 500 million USD and 695 million USD. Other income and expenses showed volatility but did not offset the gains achieved through operational efficiencies. The impact of discontinued operations was only present in 2013, with a net loss of 53.6 million USD, and did not affect subsequent years.

AI Ask an analyst for more

My previous chats

Add tokens

Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
Without a user account, I tend to respond rather slowly.

How can I help you?