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 | $ | — | $ | 29,927.9 | $ | 52,736.8 | $ | 23,273.8 | $ | 1,517.7 | $ | (3,357.4 | ) | $ | 104,098.8 | ||||||||||||
Operating expenses | — | 28,380.5 | 52,498.3 | 21,988.0 | 1,037.7 | (3,357.4 | ) | 100,547.1 | |||||||||||||||||||
Operating income | — | 1,547.4 | 238.5 | 1,285.8 | 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 | ) | 1,398.6 | 215.0 | 1,291.2 | 469.4 | — | 3,030.3 | |||||||||||||||||||
Provision (benefit) for income taxes | (124.8 | ) | 533.0 | 93.3 | 470.6 | 131.9 | — | 1,104.0 | |||||||||||||||||||
Net income (loss) from continuing operations | (219.1 | ) | 865.6 | 121.7 | 820.6 | 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 | 803.5 | 272.9 | — | — | (3,140.1 | ) | — | |||||||||||||||||||
Net income | $ | 1,844.6 | $ | 1,669.1 | $ | 394.6 | $ | 820.6 | $ | 283.9 | $ | (3,140.1 | ) | $ | 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 | 820.6 | 255.8 | (3,140.1 | ) | 1,844.6 | |||||||||||||||||||
Other comprehensive loss, net of tax | (7.2 | ) | (7.2 | ) | — | — | (7.2 | ) | 14.4 | (7.2 | ) | ||||||||||||||||
Comprehensive income attributable to Express Scripts | $ | 1,837.4 | $ | 1,661.9 | $ | 394.6 | $ | 820.6 | $ | 248.6 | $ | (3,125.7 | ) | $ | 1,837.4 | ||||||||||||
For the year ended December 31, 2012 | |||||||||||||||||||||||||||
Revenues | $ | — | $ | 29,763.1 | $ | 43,085.7 | $ | 22,007.8 | $ | 1,329.8 | $ | (2,472.1 | ) | $ | 93,714.3 | ||||||||||||
Operating expenses | — | 28,591.8 | 43,090.3 | 20,573.7 | 1,136.7 | (2,472.1 | ) | 90,920.4 | |||||||||||||||||||
Operating income | — | 1,171.3 | (4.6 | ) | 1,434.1 | 193.1 | — | 2,793.9 | |||||||||||||||||||
Other (expense) income, net | (373.7 | ) | (180.1 | ) | (49.4 | ) | (2.2 | ) | 11.9 | — | (593.5 | ) | |||||||||||||||
Income (loss) before income taxes | (373.7 | ) | 991.2 | (54.0 | ) | 1,431.9 | 205.0 | — | 2,200.4 | ||||||||||||||||||
Provision (benefit) for income taxes | (142.1 | ) | 449.6 | (20.4 | ) | 550.8 | 0.1 | — | 838.0 | ||||||||||||||||||
Net income (loss) from continuing operations | (231.6 | ) | 541.6 | (33.6 | ) | 881.1 | 204.9 | — | 1,362.4 | ||||||||||||||||||
Net loss from discontinued operations, net of tax | — | — | — | — | (32.3 | ) | — | (32.3 | ) | ||||||||||||||||||
Equity in earnings of subsidiaries | 1,544.5 | 740.0 | 296.5 | — | — | (2,581.0 | ) | — | |||||||||||||||||||
Net income | $ | 1,312.9 | $ | 1,281.6 | $ | 262.9 | $ | 881.1 | $ | 172.6 | $ | (2,581.0 | ) | $ | 1,330.1 | ||||||||||||
Less: Net income attributable to non-controlling interest | — | — | — | — | 17.2 | — | 17.2 | ||||||||||||||||||||
Net income attributable to Express Scripts | 1,312.9 | 1,281.6 | 262.9 | 881.1 | 155.4 | (2,581.0 | ) | 1,312.9 | |||||||||||||||||||
Other comprehensive income, net of tax | 1.9 | 1.9 | — | — | 1.9 | (3.8 | ) | 1.9 | |||||||||||||||||||
Comprehensive income attributable to Express Scripts | $ | 1,314.8 | $ | 1,283.5 | $ | 262.9 | $ | 881.1 | $ | 157.3 | $ | (2,584.8 | ) | $ | 1,314.8 | ||||||||||||
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, 2011 | |||||||||||||||||||||||||||
Revenues | $ | — | $ | 29,450.9 | $ | — | $ | 16,520.3 | $ | 157.1 | $ | — | $ | 46,128.3 | |||||||||||||
Operating expenses | — | 27,847.9 | — | 15,841.3 | 124.7 | — | 43,813.9 | ||||||||||||||||||||
Operating income | — | 1,603.0 | — | 679.0 | 32.4 | — | 2,314.4 | ||||||||||||||||||||
Other (expense) income, net | (22.2 | ) | (259.8 | ) | — | (5.9 | ) | 0.6 | — | (287.3 | ) | ||||||||||||||||
Income (loss) before income taxes | (22.2 | ) | 1,343.2 | — | 673.1 | 33.0 | — | 2,027.1 | |||||||||||||||||||
Provision (benefit) for income taxes | (8.1 | ) | 487.9 | — | 263.8 | 5.0 | — | 748.6 | |||||||||||||||||||
Net income (loss) from continuing operations | (14.1 | ) | 855.3 | — | 409.3 | 28.0 | — | 1,278.5 | |||||||||||||||||||
Equity in earnings of subsidiaries | 1,289.9 | 434.6 | — | — | — | (1,724.5 | ) | — | |||||||||||||||||||
Net income | $ | 1,275.8 | $ | 1,289.9 | $ | — | $ | 409.3 | $ | 28.0 | $ | (1,724.5 | ) | $ | 1,278.5 | ||||||||||||
Less: Net income attributable to non-controlling interest | — | — | — | — | 2.7 | — | 2.7 | ||||||||||||||||||||
Net income attributable to Express Scripts | 1,275.8 | 1,289.9 | — | 409.3 | 25.3 | (1,724.5 | ) | 1,275.8 | |||||||||||||||||||
Other comprehensive loss, net of tax | (2.8 | ) | (2.8 | ) | — | — | (2.8 | ) | 5.6 | (2.8 | ) | ||||||||||||||||
Comprehensive income attributable to Express Scripts | $ | 1,273.0 | $ | 1,287.1 | $ | — | $ | 409.3 | $ | 22.5 | $ | (1,718.9 | ) | $ | 1,273.0 | ||||||||||||