Express Scripts 2014 Annual Report Download - page 92
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(in millions) PBM(1) Other Business
Operations Total
2014
Productrevenues:
Networkrevenues(2) $ 58,468.6 $ — $ 58,468.6
Homedeliveryandspecialtyrevenues(3) 38,633.0 — 38,633.0
Otherrevenues(4) — 2,203.5 2,203.5
Servicerevenues 1,278.0 304.0 1,582.0
Totalrevenues 98,379.6 2,507.5 100,887.1
Depreciationandamortizationexpense 2,209.5 33.4 2,242.9
Operatingincome 3,546.4 56.0 3,602.4
Equityincomefromjointventure 18.7
Interestincome 28.0
Interestexpenseandother (582.9)
Incomebeforeincometaxes 3,066.2
Capitalexpenditures 412.3 24.3 436.6
2013
Productrevenues:
Networkrevenues(2) $ 63,244.4 $ — $ 63,244.4
Homedeliveryandspecialtyrevenues(3) 37,571.1 — 37,571.1
Otherrevenues(4) — 2,052.0 2,052.0
Servicerevenues 966.2 265.1 1,231.3
Totalrevenues 101,781.7 2,317.1 104,098.8
Depreciationandamortizationexpense 2,419.1 27.9 2,447.0
Operatingincome 3,498.9 52.8 3,551.7
Equityincomefromjointventure 32.8
Interestincome 41.9
Interestexpenseandother (596.1)
Incomebeforeincometaxes 3,030.3
Capitalexpenditures 411.2 11.8 423.0
2012(5)
Productrevenues:
Networkrevenues(2) $ 57,765.5 $ — $ 57,765.5
Homedeliveryandspecialtyrevenues(3) 32,807.6 — 32,807.6
Otherrevenues(4) — 2,172.0 2,172.0
Servicerevenues 749.1 220.1 969.2
Totalrevenues 91,322.2 2,392.1 93,714.3
Depreciationandamortizationexpense 1,833.3 38.1 1,871.4
Operatingincome 2,801.6 (7.7) 2,793.9
Equityincomefromjointventure 14.9
Interestincome 10.6
Interestexpenseandother (619.0)
Incomebeforeincometaxes 2,200.4
Capitalexpenditures 148.1 12.1 160.2
(1) PBMtotalrevenuesandoperatingincomeforeachoftheyearsendedDecember31,2014and2013includerevenuesof
$129.4millionand$108.2million,respectively,relatedtoalargeclient.Thisrevenuewasrealizedineachofthe
secondquartersof2014and2013duetothestructureofthecontract.
(2) Includesretailpharmacyco-paymentsof$10,272.7,$12,620.3and$11,668.6fortheyearsendedDecember31,2014,
2013and2012,respectively.
(3) Includeshomedeliveryandspecialty,includingdrugswedistributetootherPBMs’clientsunderlimiteddistribution
contractswithpharmaceuticalmanufacturersandFreedomFPclaims.
(4) Includesotherrevenuesrelatedtodrugsdistributedthroughpatientassistanceprograms.
(5) IncludestheacquisitionofMedcoeffectiveApril2,2012.
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