Express Scripts 2009 Annual Report Download - page 60

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Express Scripts 2009 Annual Report
EXPRESS SCRIPTS, INC.
CONSOLIDATED BALANCE SHEET
December 31,
(in millions, except share data)
2009
2008
Assets
Current assets:
Cash and cash equivalents
$ 1,070.4
$ 530.7
Restricted cash and investments
9.1
4.8
Receivables, net
2,521.2
1,155.9
Inventories
313.0
203.0
Deferred taxes
135.0
118.2
Prepaid expenses and other current assets
94.8
31.2
Total current assets
4,143.5
2,043.8
Property and equipment, net
354.1
222.2
Goodwill
5,519.2
2,881.1
Other intangible assets, net
1,882.6
332.6
Other assets
31.8
29.5
Total assets
$ 11,931.2
$ 5,509.2
Liabilities and stockholders’ equity
Current liabilities:
Claims and rebates payable
$ 2,850.7
$ 1,380.7
Accounts payable
706.9
496.4
Accrued expenses
552.4
420.5
Current maturities of long-term debt
1,340.1
420.0
Current liabilities of discontinued operations
6.7
4.1
Total current liabilities
5,456.8
2,721.7
Long-term debt
2,492.5
1,340.3
Other liabilities
430.1
369.0
Total liabilities
8,379.4
4,431.0
Commitments and contingencies (Note 13)
Stockholders’ equity:
Preferred stock, 5,000,000 shares authorized, $0.01 par value per share;
and no shares issued and outstanding
-
-
Common stock, 1,000,000,000 shares authorized, $0.01 par value;
shares issued: 345,279,000 and 318,958,000, respectively;
shares outstanding: 275,007,000 and 247,649,000, respectively
3.5
3.2
Additional paid-in capital
2,260.0
640.8
Accumulated other comprehensive income
14.1
6.2
Retained earnings
4,188.6
3,361.0
6,466.2
4,011.2
Common stock in treasury at cost, 70,272,000 and 71,309,000
shares, respectively
(2,914.4)
(2,933.0)
Total stockholders’ equity
3,551.8
1,078.2
Total liabilities and stockholders’ equity
$ 11,931.2
$ 5,509.2
See accompanying Notes to Consolidated Financial Statements
58