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Express Scripts 2011 Annual Report
58
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, 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, net of tax
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
Comprehensive income:
Net income
-
-
-
-
1,181.2
-
1,181.2
Other comprehensive income, net of tax
Foreign currency translation adjustment
-
-
-
5.7
-
-
5.7
Comprehensive income
-
-
-
5.7
1,181.2
-
1,186.9
Stock split in form of dividend
345.1
3.4
(3.4)
-
-
-
-
Treasury stock acquired
-
-
-
-
-
(1,276.2)
(1,276.2)
Common stock issued under employee plans, net of
forfeitures and stock redeemed for taxes
(0.2)
-
(14.5)
-
-
11.9
(2.6)
Amortization of unearned compensation
under employee plans
-
-
49.7
-
-
-
49.7
Exercise of stock options
-
-
3.7
-
-
34.4
38.1
Tax benefit relating to employee stock compensation
-
-
58.9
-
-
-
58.9
Balance at December 31, 2010
690.2
$ 6.9
$ 2,354.4
$ 19.8
$ 5,369.8
$ (4,144.3)
$ 3,606.6
Comprehensive income:
Net income
-
-
-
-
1,275.8
-
1,275.8
Other comprehensive income, net of tax
Foreign currency translation adjustment
-
-
-
(2.8)
-
-
(2.8)
Comprehensive income - - - (2.8) 1,275.8 - 1,273.0
Treasury stock acquired
-
-
-
-
-
(2,515.7)
(2,515.7)
Common stock issued under employee plans, net of
forfeitures and stock redeemed for taxes
0.5
-
(11.6)
-
-
8.4
(3.2)
Amortization of unearned compensation
under employee plans
-
-
48.8
-
-
-
48.8
Exercise of stock options
-
-
18.3
-
-
17.6
35.9
Tax benefit relating to employee stock compensation
-
-
28.3
-
-
-
28.3
Balance at December 31, 2011
690.7
$ 6.9
$ 2,438.2
$ 17.0
$ 6,645.6
$ (6,634.0)
$ 2,473.7
See accompanying Notes to Consolidated Financial Statements