Express Scripts 2010 Annual Report Download - page 32
Download and view the complete annual report
Please find page 32 of the 2010 Express Scripts annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.![](/annual_reports_html/ExpressScripts-2010-Annual-Report-285ca7e/bg_32.png)
Express Scripts 2010 Annual Report 28
$F5@@K5GB5A98L97IH=J9-=79'F9G=89BH<=9:=B5B7=5@&::=79F=BDF=@'F=CFHC>C=B=B;IG$F5@@
KCF?98:CF"#+9B7CF5@958=B;GIDD@=9FC:DFC79GG7CBHFC@5B8M=9@8A5B5;9A9BHGC@IH=CBG$F5@@>C=B98"#
+9B7CF=B!5BI5FMG9FJ=B;=BJ5F=CIGDCG=H=CBG=B7@I8=B;*9B=CF-=79'F9G=89BH5B8<=9:=B5B7=5@&::=79F
$F6@=B;K5GB5A98L97IH=J9-=79'F9G=89BH9B9F5@CIBG9@5B8*97F9H5FM=B979A69F'F=CFHC
69=B;B5A98L97IH=J9-=79'F9G=89BH$F6@=B;G9FJ985G-=79'F9G=89BHC:IG=B9GG9J9@CDA9BH:FCA&7HC69F
H
C979A69F$F6@=B;G9FJ985G-=79'F9G=89BH5B89B9F5@CIBG9@C:CIFIF5*7F=DHGI6G=8=5FM:FCA
!
5BI5FMHC&7HC69F
$F ;B57N5?K5GB5A98L97IH=J9-=79'F9G=89BH*5@9G5B8$5F?9H=B;=B$5M9K5GDF9J=CIG@MB5A98
L97IH=J9-=79'F9G=89BH*5@9G5B877CIBH$5B5;9A9BH=B%CJ9A69F9K5G9@97H98*9B=CF-=79'F9G=89BH
K
*5@9G5B877CIBH$5B5;9A9BH=B979A69F
$F$7%5A99K5GB5A98L97IH=J9-=79'F9G=89BH<=9:&D9F5H=B;&::=79F=B!5BI5FM'F=CFHCH<=G<9
G
9FJ985GL97IH=J9-=79'F9G=89BH&D9F5H=CBG+97<BC@C;M69;=BB=B;=B%CJ9A69F9K5G9@97H98*9B=CF-=79
'F9G=89BH&D9F5H=CBG+97<BC@C;MK=H<F9GDCBG=6=@=HM:CF@=9BH'5H=9BH*9FJ=79G5B8 B:CFA5H=CB+97<BC@C;M=B$5
M
$F$7%5A99>C=B98IG5B8K5G9@97H98*9B=CF-=79'F9G=89BH5B8<=9: B:CFA5H=CB&::=79F=B96FI5FM
$G)9M=F5I8K5GB5A98'F9G=89BH BH9FB5H=CB5@&D9F5H=CBG=B%CJ9A69F*<9DF9J=CIG@MK5GB5A98
L97IH=J9-=79'F9G=89BH+F589)9@5H=CBG9J9@CD=B;$5F?9HG=B%CJ9A69F*<9K5G9@97H98*9B=CF-=79
'F
9G
=
89
BH
K
*
H
F
5H9;M5B8IG=B9GG9J9@CDA9BH=B!5BI5FM
$G)9M=F5I8G9FJ985G*9B=CF-=79'F9G=89BHC:
'FC8I7H$5B5;9A9BH69HK99B979A69F5B8!5BI5FM
$G@@=CHHK5G9@97H98-=79'F9G=89BH<=9:77CIBH=B;&::=79F5B8CBHFC@@9F=B979A69F$G@@=CHH
DF9J=CIG@MG9FJ98=BCIF BH9FB5@I8=H9D5FHA9BH69HK99B96FI5FM5B8979A69FACGHF979BH@M5G-=79
'F
9G
=
89
BH
@
+36+
,
6
/
80
9
<7+>3
9
8
.
9A5?95J5=@56@9H<FCI;<CIFK96G=H9KKK9LDF9GGG7F=DHG7CA5779GGHCCIF5BBI5@F9DCFHCBCF
A
"
EI5FH9F@MF9DCFHGCBCFA(7IFF9BHF9DCFHGCBCFA"5@@5A9B8A9BHGHCH<CG9F9DCFHGK<9B5DD@=756@95B8CH<9
F
:=@=B;GK=H<H<9**I7<5779GG=G:F99C:7<5F;95B8=G5J5=@56@95GGCCB5GF95GCB56@MDF57H=756@95:H9FGI7<=B:CFA5H=C
B
=
G:=@98K=H<H<9* B588=H=CBH<9*A5=BH5=BG5B BH9FB9HG=H9KKKG97;CJ7CBH5=B=B;F9DCFHGDFCLM5B8
=
B:CFA5H=CBGH5H9A9BHG5B8CH<9F=B:CFA5H=CBF9;5F8=B;=GGI9FG:=@=B;9@97HFCB=75@@MK=H<H<9*K<=7<=B7@I89GIG
B:CFA5H=CB=B7@I898CBCIFK96G=H9=GBCHD5FHC:H<=G5BBI5@F9DCFH
9<A+<.995381$>+>/7/8>=+8.==9-3+>/.#3=5
=
91:=8,?4:9B03,A049.7@/0/:=49.:=;:=,?0/-D=010=09.049?34>99@,7$0;:=?:9:=8,9/491:=8,?4:9
B34.38,D-0.:9?,490/49:@=:?30=147492>B4?3?30%,9/:@=;=0>>=070,>0>:=:?30=;@-74.>?,?0809?>.:9?,49:=8,D
.:9?,491:=B,=/7::6492>?,?0809?>&30>01:=B,=/7::6492>?,?0809?>49.7@/0,8:92:?30=>>?,?0809?>:1:@=;7,9>
:-50.?4A0>0C;0.?,?4:9>149,9.4,7:=:?30=B4>0:=49?09?4:9>
!
@=1:=B,=/7::6492>?,?0809?>49A:7A0=4>6>,9/@9.0=?,49?40>!@=,.?@,7=0>@7?>8,D/4110=>429414.,9?7D1=:8
?3:>0;=:50.?0/:=>@220>?0/49,9D1:=B,=/7::6492>?,?0809?>)0/:9:?@9/0=?,60,9D:-742,?4:9?:=070,>0;@-74.7D
,9D=0A4>4:9>?:>@.31:=B,=/7::6492>?,?0809?>?:=0170.?0A09?>:=.4=.@8>?,9.0>:..@==492,1?0=?30/,?030=0:1:=?:
=
0170.??30:..@==09.0:1@9,9?4.4;,?0/0A09?>9D9@8-0=:11,.?:=>.:@7/.,@>0:@=,.?@,7=0>@7?>?:/4110=8,?0=4,77D
1
=:8?3:>0.:9?08;7,?0/-D,9D1:=B,=/7::6492>?,?0809?>49.7@/492-@?9:?7484?0/?:?301,.?:=>74>?0/-07:B
:@=,-474?D?:=08,49;=:14?,-7049,A0=D.:8;0?4?4A08,=60?;7,.04>/0;09/09?@;:9:@=,-474?D?:,??=,.?,9/
=
0?,49.7409?>B34708,49?,49492:@=8,=249>?:/4110=09?4,?0:@=;=:/@.?>,9/>0=A4.0>1=:8:?30=>49?30
8,=60?;7,.0,9/?:/0A07:;,9/.=:>>>07790B;=:/@.?>,9/>0=A4.0>?::@=0C4>?492.7409?>
:@=
1,47@=0?:,9?4.4;,?0,9/,;;=:;=4,?07D,/,;??:.3,920>49?30=,;4/7D.3,9249230,7?3.,=049/@>?=D
=
.3,920>49,;;74.,-707,B>:==02@7,?4:9>:=?304=49?0=;=0?,?4:9:=091:=.0809?:=?3009,.?809?:190B7,B>
:==02@7,?4:9>B34.3,;;7D?::@=-@>490>>;=,.?4.0>;,>?;=0>09?:=1@?@=0:==0<@4=0@>?:>;09/
>
429414.,9?=0>:@=.0>49:=/0=?:.:8;7D
.3,920>?:?3030,7?3.,=049/@>?=D/0>4290/?:8,9,2030,7?3.,=0.:>?>:=,7?0=30,7?3.,=0149,9.492
;=,.?4.0>
.3,920>=07,?492?::@=;,=?4.4;,?4:9490/4.,=0",=??307:>>:10/4.,=0",=?07424-70808-0=>:=:@=
1
,47@=0?::?30=B4>00C0.@?0:9:@=>?=,?0240>=07,?0/?:0/4.,=0",=?