Express Scripts 2013 Annual Report Download - page 58

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Express Scripts 2013 Annual Report 58
EXPRESS SCRIPTS HOLDING COMPANY
CONSOLIDATED BALANCE SHEET
December 31,
(in millions) 2013 2012
Assets
Current assets:
Cash and cash equivalents $ 1,991.4 $ 2,793.1
Restricted cash and investments 22.8 19.6
Receivables, net 4,022.9 5,425.8
Inventories 1,871.1 1,652.1
Deferred taxes 455.4 400.6
Prepaid expenses and other current assets 96.8 194.3
Current assets of discontinued operations 31.0 271.4
Total current assets 8,491.4 10,756.9
Property and equipment, net 1,658.9 1,632.1
Goodwill 29,305.4 29,320.4
Other intangible assets, net 14,015.6 16,037.9
Other assets 76.9 56.1
Noncurrent assets of discontinued operations — 307.8
Total assets $ 53,548.2 $ 58,111.2
Liabilities and stockholders’ equity
Current liabilities:
Claims and rebates payable $ 6,767.8 $ 7,440.0
Accounts payable 2,900.0 2,898.9
Accrued expenses 1,982.2 1,632.9
Current maturities of long-term debt 1,584.0 934.9
Current liabilities of discontinued operations 1.3 150.7
Total current liabilities 13,235.3 13,057.4
Long-term debt 12,363.0 14,980.1
Deferred taxes 5,440.6 5,936.5
Other liabilities 664.4 692.9
Noncurrent liabilities of discontinued operations 0.1 48.6
Total liabilities 31,703.4 34,715.5
Commitments and contingencies (Note 12)
Stockholders’ equity:
Preferred stock, 15.0 shares authorized, $0.01 par value per share; and no shares issued
and outstanding ——
Common stock, 2,985.0 shares authorized, $0.01 par value; shares issued: 834.0 and
818.1, respectively; shares outstanding: 773.6 and 818.1, respectively 8.3 8.2
Additional paid-in capital 21,809.9 21,289.7
Accumulated other comprehensive income 11.7 18.9
Retained earnings 3,912.8 2,068.2
25,742.7 23,385.0
Common stock in treasury at cost, 60.4 and zero shares, respectively (3,905.3)—
Total Express Scripts stockholders’ equity 21,837.4 23,385.0
Non-controlling interest 7.4 10.7
Total stockholders’ equity 21,844.8 23,395.7
Total liabilities and stockholders’ equity $ 53,548.2 $ 58,111.2
See accompanying Notes to Consolidated Financial Statements