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79 Express Scripts 2015 Annual Report
Condensed Consolidating Balance Sheet
(in millions)
Express
Scripts
Holding
Company
Express
Scripts, Inc.
Medco
Health
Solutions,
Inc. Guarantors
Non-
Guarantors Eliminations Consolidated
As of December 31, 2015
Cash and cash equivalents $ — $ 1,957.3 $ 2.9 $ 28.8 $ 1,197.3 $ — $ 3,186.3
Receivables, net — 3,445.9 1,123.5 1,768.3 383.6 — 6,721.3
Other current assets — 34.2 3.2 2,080.6 33.9 — 2,151.9
Total current assets — 5,437.4 1,129.6 3,877.7 1,614.8 — 12,059.5
Property and equipment, net — 768.1 3.7 500.3 19.2 — 1,291.3
Investments in subsidiaries 40,819.1 11,310.7 9,381.3 — — (61,511.1) —
Intercompany — — 1,009.5 14,429.4 231.7 (15,670.6) —
Goodwill — 3,122.4 22,609.9 3,525.0 20.0 — 29,277.3
Other intangible assets, net — 893.7 8,265.2 1,298.8 12.0 — 10,469.7
Other assets 6.6 314.5 22.2 7.0 7.8 (212.6) 145.5
Total assets $ 40,825.7 $ 21,846.8 $ 42,421.4 $ 23,638.2 $ 1,905.5 $ (77,394.3) $ 53,243.3
Claims and rebates payable $ — $ 5,543.7 $ 3,854.0 $ — $ — $ — $ 9,397.7
Accounts payable — 970.0 94.8 2,297.2 89.8 — 3,451.8
Accrued expenses 9.6 1,126.2 543.9 194.3 785.4 — 2,659.4
Current maturities of long-term debt 147.7 1,498.7————1,646.4
Total current liabilities 157.3 9,138.6 4,492.7 2,491.5 875.2 — 17,155.3
Long-term debt 11,647.1 497.4 1,801.8———13,946.3
Intercompany 11,648.3 4,022.3 — — — (15,670.6) —
Deferred taxes 0.2 — 2,833.2 1,442.9 6.1 (212.6) 4,069.8
Other liabilities — 374.7 288.4 15.9 12.4 — 691.4
Non-controlling interest ————7.7—7.7
Express Scripts stockholders’ equity 17,372.8 7,813.8 33,005.3 19,687.9 1,004.1 (61,511.1) 17,372.8
Total liabilities and stockholders’
equity $ 40,825.7 $ 21,846.8 $ 42,421.4 $ 23,638.2 $ 1,905.5 $ (77,394.3) $ 53,243.3