Express Scripts 2009 Annual Report Download - page 93

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Express Scripts 2009 Annual Report
Condensed Consolidating Statement of Cash Flows
(in millions)
Express
Scripts, Inc.
Guarantors
Non-
Guarantors
Eliminations
Consolidated
For the year ended December 31, 2009
Net cash flows provided by (used in)
operating activities
$
1,684.9
$
390.8
$
8.0
$
(312.2)
$
1,771.5
Cash flows from investing activities:
Acquisitions, net of cash acquired, and
investment in joint venture
(8,881.7)
(465.9)
-
4,675.0
(4,672.6)
Purchase of short-term investments
(1,201.4)
-
-
-
(1,201.4)
Sale of short-term investments
1,198.9
-
-
-
1,198.9
Purchase of property and equipment
(116.6)
(24.5)
(8.3)
-
(149.4)
Other
6.4
(2.7)
(1.6)
-
2.1
Net cash (used in) provided by investing
activities
(8,994.4)
(493.1)
(9.9)
4,675.0
(4,822.4)
Cash flows from financing activities:
Proceeds from long-term debt, net of
discounts
2,491.6
-
-
-
2,491.6
Net proceeds from stock issuance
1,569.1
-
-
-
1,569.1
Repayment of long-term debt
(420.1)
-
-
-
(420.1)
Deferred financing fees
(79.5)
-
-
-
(79.5)
Tax benefit relating to employee stock-
based compensation
13.4
-
-
-
13.4
Net proceeds from employee stock plans
12.5
-
-
-
12.5
Net transactions with parent
4,239.4
103.4
20.0
(4,362.8)
-
Net cash provided by (used in) financing
activities
7,826.4
103.4
20.0
(4,362.8)
3,587.0
Effect of foreign currency
translation adjustment
-
-
3.6
-
3.6
Net increase in cash and cash equivalents
516.9
1.1
21.7
-
539.7
Cash and cash equivalents at beginning
of period
488.1
8.9
33.7
-
530.7
Cash and cash equivalents at end of period
$
1,005.0
$
10.0
$
55.4
$
-
$
1,070.4
91