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84
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, 2014
Net cash flows provided by (used in)
operating activities $ (123.2) $ 734.0 $ 2,365.9 $ 1,182.2 $ 390.1 $ — $ 4,549.0
Cash flows from investing activities:
Purchases of property and
equipment — (325.1) — (106.0) (5.5) — (436.6)
Other, net — 9.0 — 0.1 15.6 — 24.7
Net cash (used in) provided by
investing activities — (316.1) — (105.9) 10.1 — (411.9)
Cash flows from financing activities:
Proceeds from long-term debt,
net of discounts 2,490.1 — — — — — 2,490.1
Treasury stock acquired (4,493.0) — — — — — (4,493.0)
Repayment of long-term debt (2,834.2) (0.1) — — — — (2,834.3)
Net proceeds from employee
stock plans 510.5 — — — — — 510.5
Excess tax benefit relating to
employee stock-based
compensation — 44.5 49.5 — — — 94.0
Other, net (18.6) — — (13.6) (24.8) — (57.0)
Net intercompany transactions 4,468.4 (652.2) (2,418.5) (1,093.0) (304.7) — —
Net cash (used in) provided by
financing activities 123.2 (607.8) (2,369.0) (1,106.6) (329.5) — (4,289.7)
Effect of foreign currency translation
adjustment — — — — (6.2) — (6.2)
Net (decrease) increase in cash and
cash equivalents — (189.9) (3.1) (30.3) 64.5 — (158.8)
Cash and cash equivalents at
beginning of year — 1,145.9 3.6 44.0 797.9 — 1,991.4
Cash and cash equivalents at end of
year $ — $ 956.0 $ 0.5 $ 13.7 $ 862.4 $ — $ 1,832.6