Express Scripts 2009 Annual Report Download - page 92

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Express Scripts 2009 Annual Report
Condensed Consolidating Statement of Operations
(in millions)
Express
Scripts, Inc.
Guarantors
Non-
Guarantors
Eliminations
Consolidated
For the year ended December 31, 2009
Revenues
$
14,642.9
$
10,030.8
$
75.2
$
-
$
24,748.9
Operating expenses
13,654.9
9,523.4
72.2
-
23,250.5
Operating income
988.0
507.4
3.0
-
1,498.4
Interest expense, net
(179.6)
(6.5)
(3.0)
-
(189.1)
Income before income taxes
808.4
500.9
-
-
1,309.3
Provision for income taxes
293.0
186.9
2.9
-
482.8
Net income (loss) from continuing
operations
515.4
314.0
(2.9)
-
826.5
Net income from discontinued
operations, net of tax
-
-
1.1
-
1.1
Equity in earnings of subsidiaries
312.2
-
-
(312.2)
-
Net income (loss)
$
827.6
$
314.0
$
(1.8)
$
(312.2)
$
827.6
For the year ended December 31, 2008
Revenues
$
9,674.6
$
12,245.2
$
58.2
$
-
$
21,978.0
Operating expenses
8,865.9
11,768.3
63.3
-
20,697.5
Operating income (loss)
808.7
476.9
(5.1)
-
1,280.5
Non-operating charges, net
(2.0)
-
-
-
(2.0)
Undistributed loss from joint venture
(0.3)
-
-
-
(0.3)
Interest expense, net
(49.7)
(13.1)
(1.8)
-
(64.6)
Income before income taxes
756.7
463.8
(6.9)
-
1,213.6
Provision for income taxes
275.4
160.0
(1.4)
434.0
Net income (loss) from continuing
operations
481.3
303.8
(5.5)
-
779.6
Net loss from discontinued operations,
net of tax
-
-
(3.5)
-
(3.5)
Equity earnings of subsidiaries
294.8
-
-
(294.8)
-
Net income (loss)
$
776.1
$
303.8
$
(9.0)
$
(294.8)
$
776.1
For the year ended December 31, 2007
Revenues
$
9,382.6
$
12,390.5
$
50.9
$
-
$
21,824.0
Operating expenses
8,692.0
12,027.7
43.5
-
20,763.2
Operating income
690.6
362.8
7.4
-
1,060.8
Non-operating charges, net
(18.6)
-
-
-
(18.6)
Dividend income (expense)
4.5
(4.5)
-
-
-
Undistributed loss from joint venture
(1.3)
-
-
-
(1.3)
Interest expense, net
(78.8)
(16.1)
(1.3)
-
(96.2)
Income before income taxes
596.4
342.2
6.1
-
944.7
Provision for income taxes
249.4
92.8
2.0
-
344.2
Net income from continuing operations
347.0
249.4
4.1
-
600.5
Net loss from discontinued operations,
net of tax
-
-
(32.7)
-
(32.7)
Equity in earnings of subsidiaries
220.8
-
-
(220.8)
-
Net income (loss)
$
567.8
$
249.4
$
(28.6)
$
(220.8)
$
567.8
90