Express Scripts » 1997 Annual Report » Financial Statements

Express Scripts Financial Highlights for 1997

(in thousands, except per share data)	1997	1996	% Change
Income Statement Data:
Net Revenue	$ 1,230,634	$ 773,615	59%
Pretax Income	54,706	43,080	27%
Net Income	33,429	26,148	28%
Per Share Data:
Net Income	$ 2.02	$ 1.60	26%
Stockholders' Equity	$ 12.30	$ 10.04	23%
Balance Sheet Data:
Total Current Assets	$ 363,968	$ 263,149	38%
Total Assets	402,508	300,425	34%
Total Debt	-	-	-
Working Capital	166,062	128,259	29%
Stockholders' Equity	203,701	164,090	24%
Average Shares Outstanding:	16,561	16,350	1.3%

Forward Looking Statements

Information included in this Annual Report and releases issued or statements made by the Company contain or may contain forward-looking statements, including but not limited to statements of the Company's plans, objectives, expectations or intentions. Such forward-looking statements necessarily involve risks and uncertainties. The Company's actual results may differ significantly from those projected or suggested in the forward-looking statements. Factors that might cause such a difference to occur include, but are not limited to: heightened competition, including increased price competition in the pharmacy benefit management market; the possible termination of the Company's contracts with certain key clients; changes in pricing, discount or rebate practices of pharmaceutical manufacturers; the ability of the Company to consummate contract negotiations with prospective clients; competition in the bidding and proposal process; adverse results in certain litigation and regulatory matters; the adoption of adverse legislation or regulations or a change in the interpretation of existing legislation or regulations; risks associated with acquisitions, including difficulties in integrating the acquired companies; and other risks described from time to time in the Company's filings with the Securities and Exchange Commission.