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Express Scripts 2011 Annual Report 87
Condensed Consolidating Balance Sheet
(in millions) Express
Scripts, Inc.
Aristotle
Holding,
Inc.
Guarantors
Non-
Guarantors
Eliminations
Consolidated
As of December 31, 2011
Cash and cash equivalents
$
5,522.2
$
-
$
5.4
$
92.5
$
-
$
5,620.1
Restricted cash and investments
-
-
13.1
4.7
-
17.8
Receivables, net
1,289.4
-
592.3
34.0
-
1,915.7
Other current assets
33.8
-
453.1
17.5
-
504.4
Total current assets
6,845.4
-
1,063.9
148.7
-
8,058.0
Property and equipment, net
293.0
-
105.2
18.0
-
416.2
Investments in subsidiaries
6,812.6
-
-
-
(6,812.6)
-
Intercompany
-
4,057.3
3,953.8
-
(8,011.1)
-
Goodwill
2,921.4
-
2,538.8
25.5
-
5,485.7
Other intangible assets, net 1,331.4 29.2 256.8 3.5 - 1,620.9
Other assets
22.1
-
2.5
1.6
-
26.2
Total assets
$
18,225.9
$
4,086.5
$
7,921.0
$
197.3
$
(14,823.7)
$
15,607.0
Claims and rebates payable
$
2,873.5
$
-
$
0.6
$
-
$
-
$
2,874.1
Accounts payable 686.6 - 238.4 3.1 - 928.1
Accrued expenses
256.5
-
362.5
37.0
-
656.0
Current maturities of long-term debt
999.9
-
-
-
-
999.9
Total current liabilities 4,816.5 - 601.5 40.1 - 5,458.1
Long-term debt
2,989.9
4,086.5
-
-
-
7,076.4
Intercompany
7,899.1
-
-
112.0
(8,011.1)
-
Other liabilities
46.7
-
546.4
5.7
-
598.8
Stockholders’ equity
2,473.7
-
6,773.1
39.5
(6,812.6)
2,473.7
Total liabilities and stockholders’ equity $ 18,225.9 $ 4,086.5 $ 7,921.0 $ 197.3 $ (14,823.7) $ 15,607.0
As of December 31, 2010
Cash and cash equivalents
$
456.7
$
-
$
9.0
$
58.0
$
-
$
523.7
Restricted cash and investments
-
-
11.7
4.6
-
16.3
Receivables, net
1,175.6
-
536.2
9.1
-
1,720.9
Other current assets
249.0
-
396.0
35.4
-
680.4
Total current assets
1,881.3
-
952.9
107.1
-
2,941.3
Property and equipment, net
231.5
-
127.2
14.0
-
372.7
Investments in subsidiaries
6,382.2
-
-
-
(6,382.2)
-
Intercompany
-
-
3,214.0
-
(3,214.0)
-
Goodwill
2,921.4
-
2,538.8
26.0
-
5,486.2
Other intangible assets, net
1,426.2
-
294.8
4.0
-
1,725.0
Other assets
20.6
-
10.1
1.9
-
32.6
Total assets
$
12,863.2
$
-
$
7,137.8
$
153.0
$
(9,596.2)
$
10,557.8
Claims and rebates payable
$
2,664.9
$
-
$
1.6
$
-
$
-
$
2,666.5
Accounts payable
634.4
-
17.7
4.6
-
656.7
Accrued expenses
288.7
-
294.5
10.7
-
593.9
Current maturities of long-term debt
-
-
0.1
-
-
0.1
Total current liabilities 3,588.0 - 313.9 15.3 - 3,917.2
Long-term debt
2,493.7
-
-
-
-
2,493.7
Intercompany 3,094.8 - - 119.2 (3,214.0) -
Other liabilities
80.1
-
455.5
4.7
-
540.3
Stockholders’ equity
3,606.6
-
6,368.4
13.8
(6,382.2)
3,606.6
Total liabilities and stockholders’ equity $ 12,863.2 $ - $ 7,137.8 $ 153.0 $ (9,596.2) $ 10,557.8