-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, V3u3rGdtXTTZg4ODO6Y+BOar/mwsvvildhUX1nrz4WJb/eLLI7jcdvM8YsdebFIq Rlw0Tge6qmIB7fAUrW2aIw== 0000885721-02-000039.txt : 20021025 0000885721-02-000039.hdr.sgml : 20021025 20021025090450 ACCESSION NUMBER: 0000885721-02-000039 CONFORMED SUBMISSION TYPE: 8-K/A PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020930 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits ITEM INFORMATION: FILED AS OF DATE: 20021025 FILER: COMPANY DATA: COMPANY CONFORMED NAME: EXPRESS SCRIPTS INC CENTRAL INDEX KEY: 0000885721 STANDARD INDUSTRIAL CLASSIFICATION: INSURANCE AGENTS BROKERS & SERVICES [6411] IRS NUMBER: 431420563 STATE OF INCORPORATION: DE FISCAL YEAR END: 1202 FILING VALUES: FORM TYPE: 8-K/A SEC ACT: 1934 Act SEC FILE NUMBER: 000-20199 FILM NUMBER: 02797986 BUSINESS ADDRESS: STREET 1: 13900 REIVERPORT DRIVE CITY: MARYLAND HEIGHTS STATE: MO ZIP: 63043 BUSINESS PHONE: 3147701666 MAIL ADDRESS: STREET 1: 13900 REIVERPORT DRIVE CITY: MARYLAND HEIGHTS STATE: MO ZIP: 63043 8-K/A 1 amend8k.txt REVISED CASH FLOW STMT SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K/A Current Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report: October 25, 2002 Express Scripts, Inc. - -------------------------------------------------------------------------------- (Exact Name of Registrant as specified in its Charter) Delaware 0-20199 43-1420563 - -------------------------------------------------------------------------------- (State or other jurisdiction (Commission File No.) (I.R.S. Employer of corporation) Identification No.) 13900 Riverport Drive, Maryland Heights, Missouri 63043 - -------------------------------------------------------------------------------- (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code: (314) 770-1666 ----------------------------- - -------------------------------------------------------------------------------- (Former name or former address, if changed since last report) On October 23, 2002, Express Scripts, Inc. (the "Company") issued a press release concerning our third quarter 2002 financial performance, for which we filed a Current Report on Form 8-K, dated October 23, 2002, under Items 5, 7 and 9. During the final preparation and review stages of our Form 10-Q for the third quarter, we discovered that $23.9 million cash received during the third quarter, as an initial payment towards the National Prescription Administrators working capital purchase price adjustment, was included as an increase to cash flow from operations, as opposed to a reduction in cash used in investing activities. A revised Unaudited Condensed Consolidated Statement of Cash Flows is attached hereto as Exhibit 99.1. This correction has no impact on the cash balance as of September 30, 2002. In addition, the correction has no impact on the Balance Sheet or Statement of Operations. The impact of this correction is to reduce cash from operations for the three months and nine months ended September 30, 2002 from $115.3 million and $310.8 million to $91.4 million and $287.0 million, respectively. In addition, net cash used in investing and financing activities for the three months and nine months ended September 30, 2002, increased from a negative $121.3 million and a negative $327.0 million, to a negative $97.4 million and a negative $303.1 million, respectively. Item 5. Other Events A revised Unaudited Condensed Consolidated Statement of Cash Flows is attached hereto as Exhibit 99.1, and incorporated herein by reference. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits (c) The following Exhibit is filed as part of this report on Form 8-K: Exhibit 99.1 Unaudited Condensed Consolidated Statement of Cash Flows for the nine months ended September 30, 2002. Item 9. Regulation FD Disclosure The following information is furnished pursuant to Regulation FD. A revised Unaudited Condensed Consolidated Statement of Cash Flows is attached hereto as Exhibit 99.1. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. EXPRESS SCRIPTS, INC. Date: October 25, 2002 By: /s/ Barrett A. Toan ------------------------------------ Barrett A. Toan Chairman and Chief Executive Officer EXHIBIT INDEX EXHIBIT NO. DESCRIPTION 99.1 Revised Unaudited Condensed Consolidated Statement of Cash Flows for the nine months ended September 30, 2002. EX-99 3 adjcf.txt CORRECTED CASH FLOWS EXHIBIT 99.1 REVISED EXPRESS SCRIPTS, INC. Unaudited Condensed Consolidated Statement of Cash Flows (in thousands) 9 MONTHS ENDED SEPTEMBER 30, ---------------------------- 2002 2001 ------------ ------------ Cash flow from operating activities: Net income $ 146,111 $ 90,514 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 66,473 58,838 Other 74,380 18,700 ------------ ------------ Net cash provided by operating activities: 286,964 168,052 ------------ ------------ Cash flows from investing and financing activities: Purchases of property and equipment (32,472) (36,830) Acquisitions and joint venture (497,229) (19,582) Treasury stock acquired (66,840) (27,055) Repayment of long-term debt (150,000) (50,000) Proceeds from long-term debt 425,000 - Other 18,460 17,031 ------------ ------------ Net cash used in investing and financing activities (303,081) (116,436) ------------ ------------ Net (decrease) increase in cash and cash equivalents (16,117) 51,616 Cash and cash equivalents at beginning of period 177,715 53,204 ------------ ------------ Cash and cash equivalents at end of period $ 161,598 $ 104,820 ============ ============ -----END PRIVACY-ENHANCED MESSAGE-----