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Express Scripts 2009 Annual Report
EXPRESS SCRIPTS, INC.
CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS’ EQUITY
Number
of
Shares
Amount
(in millions)
Common
Stock
Common
Stock
Additional
Paid-in
Capital
Accumulated
Other
Comprehensive
Income
Retained
Earnings
Treasury
Stock
Total
Balance at December 31, 2006
159.4
$ 1.6
$ 495.3
$ 11.9
$ 2,017.3
$ (1,401.2)
$ 1,124.9
Comprehensive income:
Net income
-
-
-
-
567.8
-
567.8
Other comprehensive income,
Foreign currency translation adjustment
-
-
-
11.0
-
-
11.0
Realized and unrealized gain on available
for sale securities; net of taxes
-
-
-
(2.0)
-
-
(2.0)
Comprehensive income
-
-
-
9.0
567.8
-
576.8
Stock split in form of dividend
159.4
1.6
(1.6)
-
-
-
-
Treasury stock acquired
-
-
-
-
-
(1,140.3)
(1,140.3)
Common stock issued under employee plans, net of
forfeitures and stock redeemed for taxes
0.1
-
1.5
-
-
3.1
4.6
Amortization of unearned compensation
under employee plans
-
-
31.6
-
-
-
31.6
Exercise of stock options
-
-
(11.7)
-
-
61.3
49.6
Tax benefit relating to employee stock compensation
-
-
49.4
-
-
-
49.4
Cumulative effect of adoption of FIN 48
-
-
-
-
(0.2)
-
(0.2)
Balance at December 31, 2007
318.9
$ 3.2
$ 564.5
$ 20.9
$ 2,584.9
$ (2,477.1)
$ 696.4
Comprehensive income:
Net income
-
-
-
-
776.1
-
776.1
Other comprehensive income,
Foreign currency translation adjustment
-
-
-
(14.7)
-
-
(14.7)
Comprehensive income
-
-
-
(14.7)
776.1
-
761.4
Treasury stock acquired
-
-
-
-
-
(494.4)
(494.4)
Common stock issued under employee plans, net of
forfeitures and stock redeemed for taxes
-
-
0.6
-
-
4.0
4.6
Amortization of unearned compensation
under employee plans
-
-
40.3
-
-
-
40.3
Exercise of stock options
-
-
(6.8)
-
-
34.5
27.7
Tax benefit relating to employee stock compensation
-
-
42.2
-
-
-
42.2
Balance at December 31, 2008
318.9
$ 3.2
$ 640.8
$ 6.2
$ 3,361.0
$ (2,933.0)
$ 1,078.2
Comprehensive income:
Net income
-
-
-
-
827.6
-
827.6
Other comprehensive income,
Foreign currency translation adjustment
-
-
-
7.9
-
-
7.9
Comprehensive income
-
-
-
7.9
827.6
-
835.5
Issuance of common stock, net of costs
26.4
0.3
1,568.8
-
-
-
1,569.1
Common stock issued under employee plans, net of
forfeitures and stock redeemed for taxes
-
-
(3.0)
-
-
6.0
3.0
Amortization of unearned compensation
under employee plans
-
-
44.6
-
-
-
44.6
Exercise of stock options
-
-
(4.6)
-
-
12.6
8.0
Tax benefit relating to employee stock compensation
-
-
13.4
-
-
-
13.4
Balance at December 31, 2009
345.3
$ 3.5
$ 2,260.0
$ 14.1
$ 4,188.6
$ (2,914.4)
$ 3,551.8
See accompanying Notes to Consolidated Financial Statements
60