Express Scripts Holding Co. | 2013 | FY | 3


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, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$

 
$
1,145.9

 
$
3.6

 
$
44.0

 
$
797.9

 
$

 
$
1,991.4

Restricted cash and investments

 

 
1.0

 

 
21.8

 

 
22.8

Receivables, net

 
1,381.3

 
750.5

 
1,557.1

 
334.0

 

 
4,022.9

Other current assets

 
99.8

 
286.4

 
2,010.4

 
26.7

 

 
2,423.3

Current assets of discontinued operations

 

 

 

 
31.0

 

 
31.0

Total current assets

 
2,627.0

 
1,041.5

 
3,611.5

 
1,211.4

 

 
8,491.4

Property and equipment, net

 
550.3

 
5.4

 
1,082.7

 
20.5

 

 
1,658.9

Investments in subsidiaries
36,060.9

 
9,096.2

 
12,089.8

 

 

 
(57,246.9
)
 

Intercompany

 

 

 
14,247.9

 

 
(14,247.9
)
 

Goodwill

 
2,921.4

 
22,608.1

 
3,750.3

 
25.6

 

 
29,305.4

Other intangible assets, net
51.7

 
1,071.7

 
10,946.8

 
1,926.0

 
19.4

 

 
14,015.6

Other assets

 
79.9

 
16.5

 
3.9

 
12.2

 
(35.6
)
 
76.9

Total assets
$
36,112.6

 
$
16,346.5

 
$
46,708.1

 
$
24,622.3

 
$
1,289.1

 
$
(71,530.4
)
 
$
53,548.2

Claims and rebates payable
$

 
$
3,866.2

 
$
2,901.6

 
$

 
$

 
$

 
$
6,767.8

Accounts payable

 
875.1

 
62.7

 
1,834.9

 
127.3

 

 
2,900.0

Accrued expenses
45.3

 
455.9

 
241.0

 
615.5

 
624.5

 

 
1,982.2

Current maturities of long-term debt
1,583.9

 
0.1

 

 

 

 

 
1,584.0

Current liabilities of discontinued operations

 

 

 

 
1.3

 

 
1.3

Total current liabilities
1,629.2

 
5,197.3

 
3,205.3

 
2,450.4

 
753.1

 

 
13,235.3

Long-term debt
7,975.9

 
1,994.9

 
2,392.2

 

 

 

 
12,363.0

Intercompany
4,670.1

 
6,328.1

 
3,222.2

 

 
27.5

 
(14,247.9
)
 

Deferred taxes

 

 
4,034.7

 
1,386.4

 
19.5

 

 
5,440.6

Other liabilities

 
199.1

 
419.9

 
79.0

 
2.0

 
(35.6
)
 
664.4

Noncurrent liabilities of discontinued operations

 

 

 

 
0.1

 

 
0.1

Non-controlling interest

 

 

 

 
7.4

 

 
7.4

Express Scripts stockholders’ equity
21,837.4

 
2,627.1

 
33,433.8

 
20,706.5

 
479.5

 
(57,246.9
)
 
21,837.4

Total liabilities and stockholders’ equity
$
36,112.6

 
$
16,346.5

 
$
46,708.1

 
$
24,622.3

 
$
1,289.1

 
$
(71,530.4
)
 
$
53,548.2

 
 
 
 
 
 
 
 
 
 
 
 
 
 
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, 2012
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$

 
$
2,346.6

 
$

 
$
126.9

 
$
319.6

 
$

 
$
2,793.1

Restricted cash and investments

 

 

 
1.0

 
18.6

 

 
19.6

Receivables, net

 
1,097.8

 
2,330.0

 
1,493.0

 
505.0

 

 
5,425.8

Other current assets

 
119.2

 
306.6

 
1,800.4

 
20.8

 

 
2,247.0

Current assets of discontinued operations

 

 

 

 
271.4

 

 
271.4

Total current assets

 
3,563.6

 
2,636.6

 
3,421.3

 
1,135.4

 

 
10,756.9

Property and equipment, net

 
305.7

 

 
1,307.2

 
19.2

 

 
1,632.1

Investments in subsidiaries
31,375.6

 
8,292.7

 
5,121.0

 

 

 
(44,789.3
)
 

Intercompany
2,189.0

 

 
926.8

 
6,127.2

 

 
(9,243.0
)
 

Goodwill

 
2,921.4

 
22,621.5

 
3,750.3

 
27.2

 

 
29,320.4

Other intangible assets, net
67.1

 
1,192.4

 
12,609.4

 
2,153.6

 
15.4

 

 
16,037.9

Other assets

 
57.4

 
14.4

 
5.9

 
4.7

 
(26.3
)
 
56.1

Noncurrent assets of discontinued operations

 

 

 

 
307.8

 

 
307.8

Total assets
$
33,631.7

 
$
16,333.2

 
$
43,929.7

 
$
16,765.5

 
$
1,509.7

 
$
(54,058.6
)
 
$
58,111.2

Claims and rebates payable
$

 
$
2,554.1

 
$
4,885.9

 
$

 
$

 
$

 
$
7,440.0

Accounts payable

 
477.5

 

 
2,284.5

 
136.9

 

 
2,898.9

Accrued expenses
62.9

 
428.3

 
327.8

 
612.0

 
201.9

 

 
1,632.9

Current maturities of long-term debt
631.6

 
0.1

 
303.2

 

 

 

 
934.9

Current liabilities of discontinued operations

 

 

 

 
150.7

 

 
150.7

Total current liabilities
694.5

 
3,460.0

 
5,516.9

 
2,896.5

 
489.5

 

 
13,057.4

Long-term debt
9,552.2

 
2,992.1

 
2,435.8

 

 

 

 
14,980.1

Intercompany

 
8,764.5

 

 

 
478.5

 
(9,243.0
)
 

Deferred taxes

 

 
5,074.7

 
861.8

 

 

 
5,936.5

Other liabilities

 
158.7

 
484.6

 
73.1

 
2.8

 
(26.3
)
 
692.9

Noncurrent liabilities of discontinued operations

 

 

 

 
48.6

 

 
48.6

Non-controlling interest

 

 

 

 
10.7

 

 
10.7

Express Scripts stockholders’ equity
23,385.0

 
957.9

 
30,417.7

 
12,934.1

 
479.6

 
(44,789.3
)
 
23,385.0

Total liabilities and stockholders’ equity
$
33,631.7

 
$
16,333.2

 
$
43,929.7

 
$
16,765.5

 
$
1,509.7

 
$
(54,058.6
)
 
$
58,111.2


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