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.

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.

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Express Scripts Holding Co., consolidated income statement

US$ in thousands

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).

Revenues
The revenues of the company showed a slight decline from 2013 to 2014, decreasing from approximately $104.1 billion to $100.9 billion. In subsequent years, revenues remained relatively stable, fluctuating marginally around the $100 billion mark without significant growth or decline through 2017.
Cost of Revenues
Costs of revenues decreased steadily over the period from roughly $95.97 billion in 2013 to $91.3 billion in 2017. This reduction contributed positively to the company’s profitability by reducing direct expenses associated with generating sales.
Gross Profit
Gross profit experienced moderate growth throughout the years, increasing from $8.13 billion in 2013 to $8.76 billion in 2017. Despite stable revenues, the continuous decline in cost of revenues enabled a gradual improvement in gross profitability.
Selling, General and Administrative Expenses (SG&A)
SG&A expenses showed a consistent decreasing trend from $4.58 billion in 2013 down to $3.27 billion in 2017. This decline suggests enhanced operational efficiency and cost control in supporting activities over the timeframe.
Operating Income
Operating income improved significantly, rising from $3.55 billion in 2013 to $5.49 billion in 2017. This positive trend reflects the combined effect of stable revenues, reduced cost of goods sold, and lower operating expenses, resulting in enhanced earnings from core business activities.
Interest Income and Expense
Interest income remained relatively low and stable, slightly fluctuating between $24.8 million and $74.7 million. Interest expense showed some variability, initially decreasing from $596.1 million in 2013 to around $500.3 million in 2015, then rising again to $694.8 million in 2016 before declining to $607.9 million in 2017. Overall, net interest impact was a modest expense, somewhat fluctuating but not significantly altering financial outcomes.
Other Income (Expense)
Other income or expense consistently reflected negative amounts in the range of $475.5 million to $660.7 million, indicating recurring non-operational costs or losses that marginally affected pre-tax earnings.
Income Before Income Taxes
Income before income taxes grew steadily from $3.03 billion in 2013 to $4.93 billion in 2017. The increase follows the upward trend in operating income, partially offset by the persistent other expenses noted earlier.
Provision for Income Taxes
The provision for income taxes declined notably from $1.1 billion in 2013 to $397.3 million in 2017, with some fluctuations in between. This reduction may reflect changes in tax rates, tax planning, or shifts in geographic income distribution positively affecting the effective tax burden.
Net Income from Continuing Operations
Net income from continuing operations consistently increased from $1.93 billion in 2013 to $4.53 billion in 2017, demonstrating strong profitability growth over the five-year period.
Net Income
The total net income mirrors the trend in continuing operations, rising from $1.87 billion in 2013 to $4.53 billion in 2017. Notably, there was a net loss from discontinued operations only in 2013, which did not recur in subsequent years.
Net Income Attributable to Express Scripts Holding Co.
The portion of net income attributable specifically to the parent company followed the overall net income pattern, increasing from $1.84 billion in 2013 to $4.52 billion in 2017. This growth highlights increased value generation for the company’s shareholders.
Net Income Attributable to Non-controlling Interest
The net income attributable to non-controlling interests was negative each year, decreasing in magnitude from -$28.1 million in 2013 to -$14.3 million in 2017, suggesting a small minority interest loss that slightly diminished over time.