Express Scripts 2013 Annual Report Download - page 106

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Express Scripts 2013 Annual Report 106
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, 2011
Revenues $ — $ 29,450.9 $ — $ 16,520.3 $ 157.1 $ — $ 46,128.3
Operating expenses — 27,847.9 — 15,841.3 124.7 — 43,813.9
Operating income — 1,603.0 — 679.0 32.4 — 2,314.4
Other (expense) income, net (22.2) (259.8) — (5.9) 0.6 — (287.3)
Income (loss) before income taxes (22.2) 1,343.2 — 673.1 33.0 — 2,027.1
Provision (benefit) for income taxes (8.1) 487.9 — 263.8 5.0 — 748.6
Net income (loss) from continuing
operations (14.1) 855.3 — 409.3 28.0 — 1,278.5
Equity in earnings of subsidiaries 1,289.9 434.6———(1,724.5) —
Net income $ 1,275.8 $ 1,289.9 $ — $ 409.3 $ 28.0 $ (1,724.5) $ 1,278.5
Less: Net income attributable to non-
controlling interest ————2.7—2.7
Net income attributable to Express
Scripts 1,275.8 1,289.9 — 409.3 25.3 (1,724.5) 1,275.8
Other comprehensive loss, net of tax (2.8) (2.8) — — (2.8) 5.6 (2.8)
Comprehensive income attributable
to Express Scripts $ 1,273.0 $ 1,287.1 $ — $ 409.3 $ 22.5 $ (1,718.9) $ 1,273.0