Express Scripts 2011 Annual Report Download - page 92

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Express Scripts 2011 Annual Report
90
Condensed Consolidating Statement of Cash Flows
(in millions)
Express
Scripts, Inc.
Guarantors
Non-
Guarantors
Eliminations
Consolidated
For the year ended December 31, 2010
Net cash flows provided by (used in)
operating activities
$
1,709.3
$
773.2
$
16.8
$
(381.9)
$
2,117.4
Cash flows from investing activities:
Purchase of property and equipment
(53.1)
(61.3)
(5.5)
-
(119.9)
Purchase of short-term investments
-
-
(38.0)
-
(38.0)
Other
17.6
(4.3)
(0.5)
-
12.8
Net cash used in investing activities –
continuing operations
(35.5)
(65.6)
(44.0)
-
(145.1)
Net cash used in investing activities –
discontinued operations
-
-
(0.8)
-
(0.8)
Net cash used in investing activities
(35.5)
(65.6)
(44.8)
-
(145.9)
Cash flows from financing activities:
Repayment of long-term debt
(1,340.1)
-
-
-
(1,340.1)
Treasury stock acquired
(1,276.2)
-
-
-
(1,276.2)
Tax benefit relating to employee stock-
based compensation
58.9
-
-
-
58.9
Net proceeds from employee stock plans 35.3 - - - 35.3
Deferred financing fees
(3.9)
-
-
-
(3.9)
Other
3.0
-
-
-
3.0
Net transactions with parent
300.9
(708.6)
25.8
381.9
-
Net cash (used in) provided by financing
activities
(2,222.1)
(708.6)
25.8
381.9
(2,523.0)
Effect of foreign currency translation
adjustment
-
-
4.8
-
4.8
Net (decrease) increase in cash and cash
equivalents
(548.3)
(1.0)
2.6
-
(546.7)
Cash and cash equivalents at beginning of
year
1,005.0
10.0
55.4
-
1,070.4
Cash and cash equivalents at end of year
$
456.7
$
9.0
$
58.0
$
-
$
523.7