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Express Scripts 2014 Annual Report
36
Item 6 — Selected Financial Data
Thefollowingselectedfinancialdatashouldbereadinconjunctionwithourconsolidatedfinancialstatements,
includingtherelatednotes,and“PartII—Item7—Management’sDiscussionandAnalysisofFinancialConditionand
ResultsofOperations.”ResultsfortheyearsendedDecember31,2013and2012reflectthediscontinuedoperationsofour
acuteinfusiontherapieslineofbusiness,variousportionsofourUnitedBioSource(“UBC”)lineofbusiness,EuropaApotheek
VenloB.V.(“EAV”)andourEuropeanoperations.DiscontinuedoperationsasofDecember31,2010includePhoenix
MarketingGroup(“PMG”).
(in millions, except per share data) 2014 2013 2012(1) 2011 2010
Statement of Operations Data (for the Year Ended December 31):
Revenues(2)$100,887.1 $104,098.8 $93,714.3 $46,128.3 $44,973.2
Costofrevenues(2) 92,962.0 95,966.4 86,402.4 42,918.4 42,015.0
Grossprofit 7,925.1 8,132.4 7,311.9 3,209.9 2,958.2
Selling,generalandadministrative 4,322.7 4,580.7 4,518.0 895.5 887.3
Operatingincome 3,602.4 3,551.7 2,793.9 2,314.4 2,070.9
Otherexpense,net (536.2)(521.4)(593.5)(287.3)(162.2)
Incomebeforeincometaxes 3,066.2 3,030.3 2,200.4 2,027.1 1,908.7
Provisionforincometaxes 1,031.2 1,104.0 838.0 748.6 704.1
Netincomefromcontinuingoperations 2,035.0 1,926.3 1,362.4 1,278.5 1,204.6
Netlossfromdiscontinuedoperations,netoftax(3) — (53.6)(32.3)— (23.4)
Netincome 2,035.0 1,872.7 1,330.1 1,278.5 1,181.2
Less:Netincomeattributabletonon-controllinginterest 27.4 28.1 17.2 2.7 —
NetincomeattributabletoExpressScripts $2,007.6 $1,844.6 $1,312.9 $1,275.8 $1,181.2
Weighted-averagesharesoutstanding:(4)
Basic: 750.3 808.6 731.3 500.9 538.5
Diluted: 759.1 821.6 747.3 505.0 544.0
Basicearnings(loss)pershare:(4)
ContinuingoperationsattributabletoExpressScripts $2.68 $2.35 $1.84 $2.55 $2.24
DiscontinuedoperationsattributabletoExpress
Scripts(3) — (0.07)(0.04)— (0.04)
NetearningsattributabletoExpressScripts 2.68 2.28 1.80 2.55 2.19
Dilutedearnings(loss)pershare:(4)
ContinuingoperationsattributabletoExpressScripts $2.64 $2.31 $1.80 $2.53 $2.21
DiscontinuedoperationsattributabletoExpress
Scripts(3) — (0.07)(0.04)— (0.04)
NetearningsattributabletoExpressScripts 2.64 2.25 1.76 2.53 2.17
AmountsattributabletoExpressScripts:
Incomefromcontinuingoperations,netoftax $2,007.6 $1,898.2 $1,345.2 $1,275.8 $1,204.6
Netlossfromdiscontinuedoperations,netoftax(3) — (53.6)(32.3)— (23.4)
NetincomeattributabletoExpressScripts $2,007.6 $1,844.6 $1,312.9 $1,275.8 $1,181.2
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