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Express Scripts Reports Strong Second Quarter Earnings
Date:7/29/2009

ovision for income taxes 111.6 111.0 236.2 209.1 Depreciation and amortization 25.1 25.2 49.7 49.6 Interest expense, net 76.4 13.7 92.6 31.6 Undistributed loss from joint venture - 0.1 - 0.4 --- --- --- --- EBITDA from continuing operations, as reported 405.1 341.9 785.2 660.8 Non-recurring benefit related to insurance recovery (2) (15.0) - (15.0) - Non-recurring transaction related costs (3) 11.7 - 11.7 - ---- --- ---- --- Adjusted EBITDA from continuing operations $401.8 $341.9 $781.9 $660.8 Total adjusted claims 125.6 128.0 249.7 257.6 Adjusted EBITDA per adjusted claim $3.20 $2.67 $3.13 $2.57 The Company is providing EBITDA excluding the impact of non-recurring charges in order to compare the underlying financial performance to prior periods. (1) EBITDA is earnings before taxes, depreciation and amortization, net interest and other income (expense); or alternatively calculated as operating income plus depreciation and amortization. EBITDA is presented because it is a widely accepted indicator of a company's ability to service indebtedness and is frequently used to evaluate a company's performance. EBITDA, however, should not be considered as an alternative to net income, as a measure of operating performance, as an alternative to cash flow, as a measure of liquidity or as a substitute for any other measure computed in accordance with accounting principles generally accep
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SOURCE Express Scripts, Inc.
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