Express Scripts Holding Co. (ESRX)

Statement of Cash Flows

Difficulty: Beginner

The cash flow statement provides information about a company’s cash receipts and cash payments during an accounting period, showing how these cash flaws link the ending cash balance to the beginning balance shown on the company’s statement of financial position.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Express Scripts Holding Co., Consolidated Statement of Cash Flows

USD $ in thousands

	12 months ended	Dec 31, 2017		Dec 31, 2016		Dec 31, 2015		Dec 31, 2014		Dec 31, 2013
	Net income
	Net loss from discontinued operations, net of tax
	Net income from continuing operations
	Depreciation and amortization
	Deferred income taxes
	Employee stock-based compensation expense
	Other, net
	Receivables
	Inventories
	Other current and noncurrent assets
	Claims and rebates payable
	Accounts payable
	Accrued expenses
	Other current and noncurrent liabilities
	Changes in operating assets and liabilities
	Adjustments to reconcile net income to net cash provided by operating activities
	Net cash flows provided by operating activities
	Acquisitions, net of cash acquired
	Capital expenditures for property and equipment and computer software
	Net cash proceeds from the sale of business
	Other, net
	Net cash used in investing activities
	Treasury stock acquired
	Proceeds from long-term debt, net of discounts
	Repayment of long-term debt
	Commercial paper borrowings, net
	Net proceeds from employee stock plans
	Excess tax benefit relating to employee stock-based compensation
	Other, net
	Net cash used in financing activities
	Net cash used in operating activities, discontinued operations
	Net cash used in investing activities, discontinued operations
	Net cash used in discontinued operations
	Effect of foreign currency translation adjustment
	Cash (increase) decrease attributable to discontinued operations
	Net increase (decrease) in cash and cash equivalents
	Cash and cash equivalents at beginning of year
	Cash and cash equivalents at end of year

Based on: 10-K (filing date: 2018-02-27), 10-K (filing date: 2017-02-14), 10-K (filing date: 2016-02-16), 10-K (filing date: 2015-02-23), 10-K (filing date: 2014-02-20).

Item	Description	The company
Net cash flows provided by operating activities	Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.	Express Scripts Holding Co.’s net cash flows provided by operating activities increased from 2015 to 2016 and from 2016 to 2017.
Net cash used in investing activities	Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.	Express Scripts Holding Co.’s net cash used in investing activities declined from 2015 to 2016 and from 2016 to 2017.
Net cash used in financing activities	Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.	Express Scripts Holding Co.’s net cash used in financing activities declined from 2015 to 2016 but then increased from 2016 to 2017 exceeding 2015 level.

	Express Scripts Holding Co.	Other companies (not purchased previously)
Financial Statements
Common-Size Financial Statements
Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis
Financial Reporting Quality

	All companies
Financial Statements
Common-Size Financial Statements
Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis
Financial Reporting Quality