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61 Express Scripts 2013 Annual Report
EXPRESS SCRIPTS HOLDING COMPANY
CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS’ EQUITY
Number
of
Shares Amount
(in millions)
Common
Stock
Common
Stock
Additional
Paid-in
Capital
Accumulated
Other
Comprehensive
Income
Retained
Earnings
Treasury
Stock
Non-
controlling
interest Total
Balance at December 31, 2010 690.2 $ 6.9 $ 2,354.4 $ 19.8 $ 5,369.8 $ (4,144.3) $ — $ 3,606.6
Net income — — — — 1,275.8 — 2.7 1,278.5
Other comprehensive loss — — — (2.8) — — — (2.8)
Treasury stock acquired — — — — — (2,515.7) — (2,515.7)
Common stock issued under employee
plans, net of forfeitures and stock redeemed
for taxes 0.5 — (11.6) — — 8.4 — (3.2)
Amortization of unearned compensation
under employee plans — — 48.8 — — — — 48.8
Exercise of stock options — — 18.3 — — 17.6 — 35.9
Tax benefit relating to employee stock
compensation — — 28.3 — — — — 28.3
Distributions to non-controlling interest — — — — — — (1.1) (1.1)
Balance at December 31, 2011 690.7 $ 6.9 $ 2,438.2 $ 17.0 $ 6,645.6 $ (6,634.0) $ 1.6 $ 2,475.3
Net income — — — — 1,312.9 — 17.2 1,330.1
Other comprehensive income — — — 1.9 — — — 1.9
Cancellation of treasury shares in
connection with Merger activity (204.7) (2.0) (728.5) — (5,890.3) 6,620.8 — —
Issuance of common shares in connection
with Merger activity 318.0 3.2 18,841.6 — — — — 18,844.8
Common stock issued under employee
plans, net of forfeitures and stock redeemed
for taxes 14.1 0.1 (104.8) — — — — (104.7)
Amortization of unearned compensation
under employee plans — — 410.0 — — — — 410.0
Exercise of stock options — — 387.9 — — 13.2 — 401.1
Tax benefit relating to employee stock
compensation — — 45.3 — — — — 45.3
Distributions to non-controlling interest — — — — — — (8.1) (8.1)
Balance at December 31, 2012 818.1 $ 8.2 $ 21,289.7 $ 18.9 $ 2,068.2 $ — $ 10.7 $ 23,395.7
Net income — — — — 1,844.6 — 28.1 1,872.7
Other comprehensive loss — — — (7.2) — — — (7.2)
Treasury stock acquired — — (149.9) — — (3,905.3) — (4,055.2)
Common stock issued under employee
plans, net of forfeitures and stock redeemed
for taxes 15.9 0.1 (49.7) — — — — (49.6)
Amortization of unearned compensation
under employee plans — — 164.7 — — — — 164.7
Exercise of stock options — — 524.0 — — — — 524.0
Tax benefit relating to employee stock
compensation — — 31.1 — — — — 31.1
Distributions to non-controlling interest — — — — — — (31.4) (31.4)
Balance at December 31, 2013 834.0 $ 8.3 $ 21,809.9 $ 11.7 $ 3,912.8 $ (3,905.3) $ 7.4 $ 21,844.8
See accompanying Notes to Consolidated Financial Statements