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.

Cash Flow Statement
Quarterly Data

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

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.

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Express Scripts Holding Co., consolidated cash flow statement (quarterly data)

US$ in thousands

Microsoft Excel
3 months ended: 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
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
Capital expenditures for property and equipment and computer software
Acquisitions, net of cash acquired
Proceeds from sale of business
Other, net
Net cash (used in) provided by investing activities
Proceeds from long-term debt, net of discounts
Repayment of long-term debt
Treasury stock acquired
Net proceeds from employee stock plans
Commercial paper borrowings (repayments), net
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

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).

Net Income and Profitability Trends
Net income exhibits considerable volatility across the observed quarters, with values ranging widely from approximately 334 million to over 2.3 billion US dollars. A significant surge in net income is observed in the fourth quarter of 2016 and again in the first quarter of 2018, indicating periods of exceptional profitability. The net income from continuing operations mirrors this pattern closely, confirming that discontinued operations had minimal impact on overall earnings in the latter periods.
Depreciation and Amortization
Depreciation and amortization expenses remain relatively stable, mostly fluctuating around the 500 to 600 million US dollars mark. A slight downward trend is noticeable starting from the third quarter of 2015 through 2017, suggesting possible changes in asset base or capital expenditure patterns.
Deferred Income Taxes
Deferred income taxes show negative values consistently, with notable spikes in the fourth quarter of 2017, reaching -1.43 billion US dollars. This sharp increase could indicate substantial changes in tax liabilities or adjustments related to tax planning strategies during that period.
Employee Compensation and Stock-Based Expenses
Employee stock-based compensation expenses are relatively stable, typically ranging between 21,600 and 52,300 thousand US dollars. There is no evident trend of significant increase or decrease, suggesting steady compensation policies concerning stock incentives.
Working Capital Components
Receivables display highly volatile and sometimes negative figures, which may indicate aggressive collection efforts or fluctuations in sales cycles. Inventories and other current/noncurrent assets also present irregular patterns with occasional large positive and negative values, reflecting possible inventory management and asset adjustment activities. Accounts payable and accrued expenses fluctuate substantially, with certain quarters evidencing large increases or decreases, demonstrating variable operating cycle performance and expense recognition practices.
Cash Flows from Operating Activities
Net cash provided by operating activities experiences significant variation with some quarters showing strong positive cash flows exceeding 2.9 billion US dollars, particularly in late 2013 and 2015, while certain quarters exhibit weaker performance. These fluctuations suggest cyclicality or episodic influences affecting the company's operating cash generation capacity.
Investing Activities
Net cash used in investing activities generally remains negative, reflecting consistent capital expenditures and acquisitions. A particularly large investing outflow is noted in the fourth quarter of 2017, associated with acquisitions, suggesting strategic expansion moves during this period. Capital expenditures show moderate variability but stay within a range of approximately -45 to -148 million US dollars per quarter.
Financing Activities
Net cash used in financing activities shows marked volatility, with sizable fluctuations between inflows and outflows. Periods of heavy debt repayments and treasury stock acquisitions are evident, occasionally offset by proceeds from long-term debt issuances. The first quarters of 2013 and 2014 and the fourth quarter of 2016 register particularly significant outflows, indicating active capital structure management.
Overall Cash Position Changes
Net increase (decrease) in cash and cash equivalents fluctuates widely, with both substantial decreases (up to -926.8 million US dollars) and increases (up to 2.7 billion US dollars) over the quarters. This variability underscores the impact of the combined operational, investing, and financing activities on the liquidity position over time.
Discontinued Operations
Discontinued operations have minor effects on income and cash flows, mainly observed in early 2013, and are negligible in later periods, implying the company’s focus transitioned toward continuing operations with minimal legacy discontinued business impacts.
Foreign Currency Translation Effects
Foreign currency translation adjustments fluctuate within a relatively narrow band, generally under ±6 million US dollars, suggesting limited exposure or impact from foreign exchange movements on the financial statements.