XML 82 R36.htm IDEA: XBRL DOCUMENT v2.4.0.6
Changes in Operations (Tables)
12 Months Ended
Dec. 31, 2012
Changes in Operations [Abstract]  
Schedule of Business Combination Consideration [Table Text Block]
The calculation of the total consideration for the RailAmerica acquisition is presented below (dollars in thousands, except per share amount):
RailAmerica outstanding common stock as of October 1, 2012
49,934

Cash purchase price per share
$
27.50

Equity purchase price
$
1,373,184

Payment of RailAmerica's outstanding term loan and revolving credit facility
659,198

Cash consideration
2,032,382

Impact of pre-acquisition share-based awards
9,400

Total consideration
$
2,041,782

Schedule of Business Acquisitions, by Acquisition [Table Text Block]
The fair values assigned to the acquired net assets of RailAmerica, AZER and FreightLink were as follows (dollars in thousands):
 
 
RailAmerica
 
 
 
FreightLink
 
 
As of
October 1, 2012
 
As of
December 28, 2012
 
AZER
 
AUD
 
USD
 
 
 
 
 
 
Purchase Price Allocations:
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
86,102

 
$
107,922

 
$

 
$

 
$

Accounts receivable, net
 
104,839

 
91,424

 
3,096

 
161

 
155

Materials and supplies
 
6,406

 
7,325

 

 
3,328

 
3,209

Prepaid expenses and other
 
15,146

 
14,815

 
2,319

 
101

 
97

Deferred income tax assets, net
 
49,074

 
49,074

 

 

 

Property and equipment
 
1,579,321

 
1,588,612

 
90,129

 
331,201

 
319,311

Goodwill
 
474,115

 
474,115

 

 

 

Intangible assets, net
 
451,100

 
446,327

 

 

 

Other Assets, net
 
116

 
116

 

 

 

Total assets
 
2,766,219

 
2,779,730

 
95,544

 
334,791

 
322,772

Accounts payable and accrued expenses
 
143,790

 
135,117

 
5,212

 
731

 
705

Long-term debt
 
12,158

 
12,010

 

 
1,806

 
1,741

Deferred income tax liabilities, net
 
542,210

 
551,856

 

 
318

 
307

Other long-term liabilities
 
20,754

 
19,618

 

 

 

Noncontrolling interest
 
5,525

 
5,525

 

 

 

Net assets
 
$
2,041,782

 
$
2,055,604

 
$
90,332

 
$
331,936

 
$
320,019

Business Acquisition, Pro Forma Information [Table Text Block]
The following pro forma financial statements do not include the impact of any potential operating efficiencies, savings from expected synergies, costs to integrate the operations or costs necessary to achieve savings from expected synergies or the impact of derivative instruments that the Company has entered into or may enter into to mitigate interest rate or currency exchange rate risk (dollars in thousands, except per share amounts): 
 
2012
 
2011
 
2010
Operating revenues
$
1,472,438

 
$
1,376,070

 
$
717,306

Net income attributable to Genesee & Wyoming Inc.
$
57,478

 
$
127,408

 
$
107,420

Series A-1 Preferred Stock dividend
17,500

 
17,500

 

Net income available to common stockholders
$
39,978

 
109,908

 
$
107,420

Earnings per common share attributable to Genesee & Wyoming Inc. common shareholders:
 
 
 
 
 
Basic earnings per common share from continuing operations
$
0.94

 
$
2.35

 
$
2.70

Diluted earnings per share from continuing operations
$
0.88

 
$
2.22

 
$
2.50