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Business Combinations (Tables)
6 Months Ended
Jun. 30, 2017
Business Combinations  
Summary of the aggregate consideration paid and the aggregate amounts of the assets acquired and liabilities assumed

 

 

 

 

 

 

 

 

 

 

June 30,

 

 

    

2017

    

2016

    

Accounts receivable

 

$

6.9

 

$

3.9

 

Inventory

 

 

130.3

 

 

45.2

 

Other current assets

 

 

2.5

 

 

0.1

 

Property and equipment

 

 

12.8

 

 

0.6

 

Indefinite-lived intangibles

 

 

362.1

 

 

24.8

 

Other non-current assets

 

 

0.1

 

 

 —

 

Current liabilities

 

 

(23.8)

 

 

(9.2)

 

Non-current liabilities

 

 

(2.8)

 

 

 —

 

Total consideration

 

 

488.1

 

 

65.4

 

Consideration transferred through common stock issuance

 

 

(32.4)

 

 

 —

 

Contingent consideration

 

 

(20.0)

 

 

 —

 

Seller financed/assumed debt

 

 

(3.8)

 

 

 —

 

Total cash used in acquisitions

 

$

431.9

 

$

65.4

 

 

Summary of unaudited consolidated pro forma results of operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

 

    

2017

    

2016

 

2017

    

2016

    

Revenues

 

$

5,383.4

 

$

5,693.4

    

$

10,595.7

 

$

11,000.0

 

Income from continuing operations

 

 

106.0

 

 

101.5

 

 

191.2

 

 

188.1

 

Net income

 

 

106.2

 

 

100.3

 

 

190.8

 

 

186.9

 

Income from continuing operations per diluted common share

 

$

1.23

 

$

1.19

 

$

2.23

 

$

2.17

 

Net income per diluted common share

 

$

1.23

 

$

1.18

 

$

2.22

 

$

2.15