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83 Express Scripts 2015 Annual Report
Condensed Consolidating Statement of Cash Flows
(in millions)
Express
Scripts
Holding
Company
Express
Scripts, Inc.
Medco
Health
Solutions,
Inc. Guarantors
Non-
Guarantors Eliminations Consolidated
For the year ended December 31, 2015
Net cash flows provided by (used in)
operating activities $ (12.0) $ 2,581.4 $ 1,146.0 $ 847.4 $ 329.0 $ (43.5) $ 4,848.3
Cash flows from investing activities:
Purchases of property and
equipment — (193.6) — (93.4) (8.9) — (295.9)
Other, net — 20.1 — — 7.3 — 27.4
Net cash used in investing activities — (173.5) — (93.4) (1.6) — (268.5)
Cash flows from financing activities:
Proceeds from long-term debt,
net of discounts 5,500.0 — — — — — 5,500.0
Treasury stock acquired (5,500.0) — — — — — (5,500.0)
Repayment of long-term debt (2,890.8) — (500.0) — — — (3,390.8)
Net proceeds from employee
stock plans 183.1 — — — — — 183.1
Excess tax benefit relating to
employee stock-based
compensation — 21.9 36.3 — — — 58.2
Other, net (28.0) — — (14.1) (68.9) 43.5 (67.5)
Net intercompany transactions 2,747.7 (1,428.5) (679.9) (724.8) 85.5 — —
Net cash (used in) provided by
financing activities 12.0 (1,406.6) (1,143.6) (738.9) 16.6 43.5 (3,217.0)
Effect of foreign currency translation
adjustment — — — — (9.1) — (9.1)
Net increase in cash and cash
equivalents — 1,001.3 2.4 15.1 334.9 — 1,353.7
Cash and cash equivalents at
beginning of year — 956.0 0.5 13.7 862.4 — 1,832.6
Cash and cash equivalents at end of
year $ — $ 1,957.3 $ 2.9 $ 28.8 $ 1,197.3 $ — $ 3,186.3