Express Scripts 2012 Annual Report Download - page 95

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Express Scripts 2012 Annual Report 93
ess
765.5 765.5
004.7 004.7
118.7 118.7
805.8 163.4 969.2
576.0 282.1 .1
.5 38.1 .6
805.7 21.2) .5
14.9
10.6
.0)
.0
148.5 11.7 .2
007.3 007.3
547.4 547.4
279.3 279.3
73.0 21.3 94.3
827.7 300.6 128.3
45.2 .2 53.4
302.6 11.8 .4
12.4
299.7)
.1
40.0 .4 44.4
147.8 147.8
398.2 398.2
153.9 153.9
.9 12.4 .3
806.9 166.3 973.2
236.8 .9 244.7
072.5 1.6) 070.9
.9
167.1)
08.7
15.7 4.2 19.9
The following table presents the total assets of our reportable segments, including the discontinued
operations of our held for sale entities UBC and Europe, as of December 31:
(in millions)
PBM
Other
Business
Operations
Discontinued
Operations
Total
As of December 31, 2012
Total assets
$ 54,626.3
$ 3,021.2
$ 463.7
$ 58,111.2
Investment in equity method investees
$ 11.9
$ -
$ -
$ 11.9
As of December 31, 2011
Total assets
$ 15,131.9
$ 475.1
$ -
$ 15,607.0
Investment in equity method investees
$ -
$ -
$ -
$ -
PBM product revenues consist of revenues from the sale of prescription drugs by retail pharmacies in our
retail pharmacy networks, revenues from the dispensing of prescription drugs from our home delivery pharmacies
and distribution of certain specialty and fertility drugs. Other Business Operations product revenues consist of
specialty distribution activities and development of scientific evidence to guide the safe, effective and affordable use
of medicines. PBM service revenues include administrative fees associated with the administration of retail
pharmacy networks contracted by certain clients, informed decision counseling services and specialty distribution
services. Other Business Operations service revenues include revenues from healthcare card administration through
September 14, 2012, the date of disposal of CYC.
The following table shows the percentage of total revenue represented by our top five clients and clients
representing 10% or greater of our consolidated revenue for each respective period:
December 31,
2012
2011
2010
WellPoint
13.7%
29.5%
29.2%
Department of Defense (“DoD”)
10.6%
20.9%
19.7%
UnitedHealth Group
9.4%
-
-
Other
5.6%
6.3%
6.3%
Top five clients
39.3%
56.7%
55.2%
None of our other clients accounted for 10% or more of our consolidated revenues during the years ended
December 31, 2012, 2011 or 2010.
Revenues earned by our continuing operations international businesses totaled $77.1 million, $62.4 million
and $52.2 million for the years ended December 31, 2012, 2011 and 2010, respectively. All other continuing
operations revenues are earned in the United States. Long-lived assets of our continuing operations international
businesses (consisting primarily of fixed assets) totaled $32.6 million and $17.6 million as of December 31, 2012
and 2011, respectively. All other long-lived assets are domiciled in the United States.