Express Scripts 2012 Annual Report Download - page 99

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Express Scripts 2012 Annual Report 97
Certain amounts from prior periods have been reclassified to conform to current period presentation:
(i) With respect to the condensed consolidating balance sheet as of December 31, 2011, amounts related to
equity attributable to non-controlling interest have been reclassified from the “Other liabilities” line item
and presented separately from equity attributable to Express Scripts to conform to current period
presentation, as follows:
(in millions)
Non-
Guarantors
Consolidated
Other liabilities
$
(1.6)
$
(1.6)
Non-controlling interest
$
1.6
$
1.6
(ii) With respect to the condensed consolidating statement of operations for the year ended December 31, 2011,
amounts related to net income attributable to non-controlling interest have been reclassified from the
“Operating expenses” line item to the “Net income attributable to non-controlling interest” line item as
follows:
(in millions)
Non-
Guarantors
Consolidated
Operating expenses
$
(2.7)
$
(2.7)
Net income attributable to
non-controlling interest
$
2.7
$
2.7
(iii) With respect to the condensed consolidating statement of cash flows for the year ended December 31,
2011, amounts related to distributions paid to non-controlling interest have been reclassified from the “Net
cash flows provided by (used in) operating activities” line item to the “Distributions paid to non-controlling
interest” line item within the cash flows from financing activities section, as follows:
(in millions)
Non-
Guarantors
Consolidated
Net cash flows provided by
(used in) operating
activities
$
1.1
$
1.1
Distributions paid to non-
controlling interest
$
(1.1)
$
(1.1)
(iv) With respect to the condensed consolidating balance sheet as of December 31, 2011, $14.7 million related
to accumulated deficit was not reflected in stockholders’ equity in the condensed consolidating balance
sheet in our 2011 annual report on Form 10-K. The error resulted in an understatement of the accumulated
deficit in the Express Scripts Holding Company column. The Company retroactively adjusted the
condensed consolidating balance sheet to reflect Express Scripts Holding Company as the Parent Company
effective with the Merger and reorganization of the Company during the quarter ended June 30, 2012.
(v) With respect to the condensed consolidating statement of cash flows for the years ended December 31,
2011 and 2010, amounts related to the equity in earnings of subsidiaries and transactions with parent were
not appropriately classified within the ESI column. The impact of the revision is to decrease cash inflows
from operating activities (and increase cash inflows from financing activities) with corresponding
adjustment of the eliminations column as follows:
(in millions)
Express
Scripts, Inc.
Eliminations
For the years ended:
December 31, 2011
$
(420.5)
$
420.5
December 31, 2010
(381.9)
381.9