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99
Express Scripts 2014 Annual Report
Condensed Consolidating Statement of Cash Flows
(in millions)
Express
Scripts
Holding
Company
Express
Scripts, Inc.
Medco
Health
Solutions,
Inc. Guarantors
Non-
Guarantors Eliminations Consolidated
For the year ended December 31, 2013
Netcashflowsprovidedby(usedin)
operatingactivities $(214.1) $ 2,731.3 $765.9 $556.0 $929.1 $(10.7) $ 4,757.5
Cashflowsfrominvestingactivities:
Purchasesofpropertyandequipment — (398.3)— (16.5)(8.2)— (423.0)
Acquisitions,netofcashacquired — — — — (14.5)— (14.5)
Proceedsfromthesaleofbusiness — 1.6 — 355.3 — — 356.9
Other — 14.0 — — (3.4)— 10.6
Netcash(usedin)providedbyinvesting
activities—continuingoperations — (382.7)— 338.8 (26.1)— (70.0)
Netcashusedininvestingactivities—
discontinuedoperations — — — — (2.1)— (2.1)
Netcash(usedin)providedbyinvesting
activities — (382.7)— 338.8 (28.2)— (72.1)
Cashflowsfromfinancingactivities:
Treasurystockacquired (4,055.2)— — — — — (4,055.2)
Repaymentoflong-termdebt (631.6)(1,000.0)(300.0)— — — (1,931.6)
Netproceedsfromemployeestock
plans 466.0 — — — — — 466.0
Excesstaxbenefitrelatingto
employeestock-basedcompensation — 26.6 16.1 — — — 42.7
Distributionspaidtonon-controlling
interest — — — — (31.7)— (31.7)
Other — — — (13.0)28.0 — 15.0
Netintercompanytransactions 4,434.9 (2,575.9)(478.4)(964.7)(415.9)— —
Netcash(usedin)providedby
financingactivities—continuing
operations 214.1 (3,549.3)(762.3)(977.7)(419.6)— (5,494.8)
Netcashusedinfinancingactivities—
discontinuedoperations — — — — (10.7)10.7 —
Netcash(usedin)providedby
financingactivities 214.1 (3,549.3)(762.3)(977.7)(430.3)10.7 (5,494.8)
Effectofforeigncurrencytranslation
adjustment — — — — (5.7)— (5.7)
Lesscashdecreaseattributableto
discontinuedoperations — — — — 13.4 — 13.4
Net(decrease)increaseincashandcash
equivalents — (1,200.7)3.6 (82.9)478.3 — (801.7)
Cashandcashequivalentsatbeginning
ofyear — 2,346.6 — 126.9 319.6 — 2,793.1
Cashandcashequivalentsatendof
year $—$1,145.9 $3.6 $44.0 $797.9 $—$1,991.4
95