Express Scripts 2014 Annual Report Download - page 92

Download and view the complete annual report

Please find page 92 of the 2014 Express Scripts annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 116

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116

Express Scripts 2014 Annual Report
90
(in millions) PBM(1) Other Business
Operations Total
2014
Productrevenues:
Networkrevenues(2) $ 58,468.6 $ — $ 58,468.6
Homedeliveryandspecialtyrevenues(3) 38,633.0 — 38,633.0
Otherrevenues(4) — 2,203.5 2,203.5
Servicerevenues 1,278.0 304.0 1,582.0
Totalrevenues 98,379.6 2,507.5 100,887.1
Depreciationandamortizationexpense 2,209.5 33.4 2,242.9
Operatingincome 3,546.4 56.0 3,602.4
Equityincomefromjointventure 18.7
Interestincome 28.0
Interestexpenseandother (582.9)
Incomebeforeincometaxes 3,066.2
Capitalexpenditures 412.3 24.3 436.6
2013
Productrevenues:
Networkrevenues(2) $ 63,244.4 $ — $ 63,244.4
Homedeliveryandspecialtyrevenues(3) 37,571.1 — 37,571.1
Otherrevenues(4) — 2,052.0 2,052.0
Servicerevenues 966.2 265.1 1,231.3
Totalrevenues 101,781.7 2,317.1 104,098.8
Depreciationandamortizationexpense 2,419.1 27.9 2,447.0
Operatingincome 3,498.9 52.8 3,551.7
Equityincomefromjointventure 32.8
Interestincome 41.9
Interestexpenseandother (596.1)
Incomebeforeincometaxes 3,030.3
Capitalexpenditures 411.2 11.8 423.0
2012(5)
Productrevenues:
Networkrevenues(2) $ 57,765.5 $ — $ 57,765.5
Homedeliveryandspecialtyrevenues(3) 32,807.6 — 32,807.6
Otherrevenues(4) — 2,172.0 2,172.0
Servicerevenues 749.1 220.1 969.2
Totalrevenues 91,322.2 2,392.1 93,714.3
Depreciationandamortizationexpense 1,833.3 38.1 1,871.4
Operatingincome 2,801.6 (7.7) 2,793.9
Equityincomefromjointventure 14.9
Interestincome 10.6
Interestexpenseandother (619.0)
Incomebeforeincometaxes 2,200.4
Capitalexpenditures 148.1 12.1 160.2
(1) PBMtotalrevenuesandoperatingincomeforeachoftheyearsendedDecember31,2014and2013includerevenuesof
$129.4millionand$108.2million,respectively,relatedtoalargeclient.Thisrevenuewasrealizedineachofthe
secondquartersof2014and2013duetothestructureofthecontract.
(2) Includesretailpharmacyco-paymentsof$10,272.7,$12,620.3and$11,668.6fortheyearsendedDecember31,2014,
2013and2012,respectively.
(3) Includeshomedeliveryandspecialty,includingdrugswedistributetootherPBMs’clientsunderlimiteddistribution
contractswithpharmaceuticalmanufacturersandFreedomFPclaims.
(4) Includesotherrevenuesrelatedtodrugsdistributedthroughpatientassistanceprograms.
(5) IncludestheacquisitionofMedcoeffectiveApril2,2012.
86