Express Scripts 2011 Annual Report Download - page 90

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Express Scripts 2011 Annual Report
88
Condensed Consolidating Statement of Operations
(in millions)
Express
Scripts, Inc.
Aristotle
Holding,
Inc.
Guarantors
Non-
Guarantors
Eliminations
Consolidated
For the year ended December 31, 2011
Revenues
$
29,450.9
$
-
$
16,520.3
$
157.1
$
-
$
46,128.3
Operating expenses
27,847.9
-
15,841.3
127.4
-
43,816.6
Operating income
1,603.0
-
679.0
29.7
-
2,311.7
Interest (expense) income, net
(259.8)
(22.2)
(5.9)
0.6
-
(287.3)
Income before income taxes
1,343.2
(22.2)
673.1
30.3
-
2,024.4
Provision for income taxes
487.9
(8.1)
263.8
5.0
-
748.6
Net income (loss) from
continuing operations
855.3
(14.1)
409.3
25.3
-
1,275.8
Equity in earnings of
subsidiaries
420.5
-
-
-
(420.5)
-
Net income (loss)
$
1,275.8
$
(14.1)
$
409.3
$
25.3
$
(420.5)
$
1,275.8
For the year ended December 31, 2010
Revenues
$
29,594.6
$
-
$
15,287.8
$
90.8
$
-
$
44,973.2
Operating expenses
28,176.8
-
14,635.8
89.7
-
42,902.3
Operating income
1,417.8
-
652.0
1.1
-
2,070.9
Interest (expense) income, net
(156.2)
-
(6.2)
0.2
-
(162.2)
Income before income taxes
1,261.6
-
645.8
1.3
-
1,908.7
Provision for income taxes
462.3
-
241.0
0.8
-
704.1
Net income from continuing
operations
799.3
-
404.8
0.5
-
1,204.6
Net loss from discontinued
operations, net of tax
- - - (23.4)
- (23.4)
Equity in earnings of
subsidiaries
381.9
-
-
-
(381.9)
-
Net income (loss)
$
1,181.2
$
-
$
404.8
$
(22.9)
$
(381.9)
$
1,181.2
For the year ended December 31, 2009
Revenues
$
14,642.9
$
-
$
10,004.2
$
75.2
$
-
$
24,722.3
Operating expenses
13,654.9
-
9,497.7
72.2
-
23,224.8
Operating income
988.0
-
506.5
3.0
-
1,497.5
Interest expense, net
(179.6)
-
(6.5)
(3.0)
-
(189.1)
Income before income taxes
808.4
-
500.0
-
-
1,308.4
Provision for income taxes
293.0
-
185.9
2.9
-
481.8
Net income (loss) from
continuing operations
515.4
-
314.1
(2.9)
-
826.6
Net income from discontinued
operations, net of tax
-
-
-
1.0
-
1.0
Equity in earnings of
subsidiaries
312.2
-
-
-
(312.2)
-
Net income (loss)
$
827.6
$
-
$
314.1
$
(1.9)
$
(312.2)
$
827.6