Express Scripts 2012 Annual Report Download - page 103

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Express Scripts 2012 Annual Report 101
Condensed Consolidating Statement of Operations
(in millions)
Express
Scripts
Holding
Company
Express
Scripts, Inc.
Medco
Health
Solutions,
Inc.
Guarantors
Non-
Guarantors
Eliminations
Consolidated
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, 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 (loss) from
continuing operations
-
799.3
-
404.8
0.5
-
1,204.6
Net income from discontinued
operations, net of tax
-
-
-
-
(23.4)
-
(23.4)
Equity in earnings of
subsidiaries
1,181.2
381.9
-
-
-
(1,563.1)
-
Net income (loss)
$
1,181.2
$
1,181.2
$
-
$
404.8
$
(22.9)
$
(1,563.1)
$
1,181.2
Other comprehensive income,
net of tax
5.7
5.7
-
-
5.7
(11.4)
5.7
Comprehensive income (loss)
attributable to Express
Scripts
$
1,186.9
$
1,186.9
$
-
$
404.8
$
(17.2)
$
(1,574.5)
$
1,186.9