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48
Express Scripts 2015 Annual Report
EXPRESS SCRIPTS HOLDING COMPANY
CONSOLIDATED BALANCE SHEET
December 31,
(in millions) 2015 2014
Assets
Current assets:
Cash and cash equivalents $ 3,186.3 $ 1,832.6
Receivables, net 6,721.3 5,979.8
Inventories 2,023.1 2,113.2
Deferred taxes — 390.8
Prepaid expenses and other current assets 128.8 251.7
Total current assets 12,059.5 10,568.1
Property and equipment, net 1,291.3 1,584.0
Goodwill 29,277.3 29,280.9
Other intangible assets, net 10,469.7 12,200.9
Other assets 145.5 114.4
Total assets $ 53,243.3 $ 53,748.3
Liabilities and stockholders’ equity
Current liabilities:
Claims and rebates payable $ 9,397.7 $ 8,488.2
Accounts payable 3,451.8 3,137.3
Accrued expenses 2,659.4 2,836.1
Current maturities of long-term debt 1,646.4 2,551.0
Total current liabilities 17,155.3 17,012.6
Long-term debt 13,946.3 10,966.4
Deferred taxes 4,069.8 4,923.2
Other liabilities 691.4 782.1
Total liabilities 35,862.8 33,684.3
Commitments and contingencies (Note 11)
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 per share; shares issued: 854.5
and 848.6, respectively; shares outstanding: 676.9 and 726.1, respectively 8.5 8.5
Additional paid-in capital 22,204.7 22,671.4
Accumulated other comprehensive (loss) income (14.0) 2.1
Retained earnings 8,396.8 5,920.4
30,596.0 28,602.4
Common stock in treasury at cost, 177.6 and 122.5 shares, respectively (13,223.2)(8,548.2)
Total Express Scripts stockholders’ equity 17,372.8 20,054.2
Non-controlling interest 7.7 9.8
Total stockholders’ equity 17,380.5 20,064.0
Total liabilities and stockholders’ equity $ 53,243.3 $ 53,748.3
See accompanying Notes to Consolidated Financial Statements