Express Scripts 2009 Annual Report Download - page 95

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Express Scripts 2009 Annual Report
93
Condensed Consolidating Statement of Cash Flows
(in millions)
Express
Scripts, Inc.
Guarantors
Non-
Guarantors
Eliminations
Consolidated
For the year ended December, 2007
Net cash flows provided by (used in)
operating activities
$
479.0
$
593.5
$
(24.4)
$
(220.8)
$
827.3
Cash flows from investing activities:
Acquisitions, net of cash acquired, and
investment in joint venture
(14.3)
-
-
-
(14.3)
Purchase of property and equipment
(46.0)
(26.8)
(2.2)
-
(75.0)
Other
33.5
-
-
-
33.5
Net cash (used in) investing activities
continued operations
(26.8)
(26.8)
(2.2)
-
(55.8)
Net cash (used in) investing activities
discontinued operations
-
-
(2.5)
-
(2.5)
Net cash (used in) investing activities
(26.8)
(26.8)
(4.7)
-
(58.3)
Cash flows from financing activities:
Proceeds from long-term debt
800.0
-
-
-
800.0
Repayment of long-term debt
(180.1)
-
-
-
(180.1)
Repayment of revolving credit line, net
(50.0)
-
-
-
(50.0)
Tax benefit relating to employee stock-
based compensation
49.4
-
-
-
49.4
Treasury stock acquired
(1,140.3)
-
-
-
(1,140.3)
Other
51.3
-
-
-
51.3
Net transactions with parent
302.1
(556.5)
33.6
220.8
-
Net cash (used in) provided by financing
activities
(167.6)
(556.5)
33.6
220.8
(469.7)
Effect of foreign currency
translation adjustment
-
-
4.4
-
4.4
Net increase in cash and cash equivalents
284.6
10.2
8.9
-
303.7
Cash and cash equivalents at beginning
of period
101.7
6.2
23.1
-
131.0
Cash and cash equivalents at end of period
$
386.3
$
16.4
$
32.0
$
-
$
434.7