Express Scripts 2009 Annual Report Download - page 94

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Express Scripts 2009 Annual Report 92
Condensed Consolidating Statement of Cash Flows
(in millions)
Express
Scripts, Inc.
Guarantors
Non-
Guarantors
Eliminations
Consolidated
For the year ended December 31, 2008
Net cash flows provided by (used in)
operating activities
$
1,265.2
$
89.0
$
43.6
$
(294.8)
$
1,103.0
Cash flows from investing activities:
Acquisitions, net of cash acquired, and
investment in joint venture
(251.5)
-
-
-
(251.5)
Purchase of property and equipment
(66.8)
(11.7)
(7.3)
-
(85.8)
Proceeds from sale of business
27.7
-
-
-
27.7
Other
(11.0)
-
-
-
(11.0)
Net cash (used in) investing activities
(301.6)
(11.7)
(7.3)
-
(320.6)
Cash flows from financing activities:
Repayment of long-term debt
(260.0)
-
-
-
(260.0)
Tax benefit relating to employee stock-
based compensation
42.1
-
-
-
42.1
Net proceeds from employee stock plans
31.9
-
31.9
Treasury stock acquired
(494.4)
-
-
-
(494.4)
Net transactions with parent
(181.4)
(84.8)
(28.6)
294.8
-
Net cash (used in) provided by financing
activities
(861.8)
(84.8)
(28.6)
294.8
(680.4)
Effect of foreign currency
translation adjustment
-
-
(6.0)
-
(6.0)
Net increase (decrease) in cash and cash
equivalents
101.8
(7.5)
1.7
-
96.0
Cash and cash equivalents at beginning
of period
386.3
16.4
32.0
-
434.7
Cash and cash equivalents at end of period
$
488.1
$
8.9
$
33.7
$
-
$
530.7