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Express Scripts Reports First Quarter 2013 Results
Date:4/29/2013

rted

$
374.2$ 267.8  Provision for income taxes

258.6167.0  Depreciation and amortization

600.665.0  Interest expense, net

213.8129.7  Equity income from joint venture

(9.8)-EBITDA from continuing operations, attributable to Express Scripts, as reported

1,437.4629.5Non-recurring transaction and integration costs (4)

154.626.7Adjusted EBITDA from continuing operations, attributable to Express Scripts

$ 1,592.0$ 656.2Total adjusted claims - continuing operations

390.0192.8Adjusted EBITDA from continuing operations, attributable to Express Scripts, per adjusted claim

$
4.08$   3.40 Note: See Appendix for Footnotes  

The Company is providing EBITDA and adjusted EBITDA excluding the impact of non-recurring charges (both of which are non-GAAP financial measures) in order to compare the underlying financial performance to prior periods. EBITDA from continuing operations is earnings before other income (expense), interest, taxes, depreciation and amortization, or alternatively calculated as operating income from continuing operations plus depreciation and amortization.  EBITDA from continuing operations 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 from continuing operations, however, should not be considered as an alternative to net income from continuing operations, 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 accepted in the United States.  In addition, our definition and calculation of EBITDA from continuing operations may not be comparable to that used by other companies.Adjusted EBITDA from continuing operations per
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SOURCE Express Scripts Holding Company
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