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82
Express Scripts 2015 Annual Report
Condensed Consolidating Statement of Operations
(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
Revenues $ — $ 30,015.9 $ 52,736.8 $ 23,160.0 $ 1,919.0 $ (3,732.9) $ 104,098.8
Operating expenses — 28,475.3 52,498.3 21,867.4 1,439.0 (3,732.9) 100,547.1
Operating income — 1,540.6 238.5 1,292.6 480.0 — 3,551.7
Other (expense) income, net (343.9) (148.8) (23.5) 5.4 (10.6) — (521.4)
Income (loss) before income taxes (343.9) 1,391.8 215.0 1,298.0 469.4 — 3,030.3
Provision (benefit) for income taxes (124.8) 530.4 93.3 473.2 131.9 — 1,104.0
Income (loss) from continuing
operations before equity in earnings
of subsidiaries (219.1) 861.4 121.7 824.8 337.5 — 1,926.3
Net loss from discontinued
operations, net of tax — — — — (53.6) — (53.6)
Equity in earnings of subsidiaries 2,063.7 807.7 272.9 — — (3,144.3) —
Net income $ 1,844.6 $ 1,669.1 $ 394.6 $ 824.8 $ 283.9 $ (3,144.3) $ 1,872.7
Less: Net income attributable to non-
controlling interest ————28.1 — 28.1
Net income attributable to Express
Scripts 1,844.6 1,669.1 394.6 824.8 255.8 (3,144.3) 1,844.6
Other comprehensive loss (7.2) (7.2) — — (7.2) 14.4 (7.2)
Comprehensive income attributable
to Express Scripts $ 1,837.4 $ 1,661.9 $ 394.6 $ 824.8 $ 248.6 $ (3,129.9) $ 1,837.4