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

 

 

 

 

 

 

 

 

 

 

September 30,

 

 

    

2017

    

2016

    

Accounts receivable

 

$

11.1

 

$

3.9

 

Inventory

 

 

139.9

 

 

63.4

 

Other current assets

 

 

2.9

 

 

0.2

 

Property and equipment

 

 

21.8

 

 

12.1

 

Indefinite-lived intangibles

 

 

366.9

 

 

32.9

 

Other non-current assets

 

 

0.1

 

 

2.7

 

Current liabilities

 

 

(33.6)

 

 

(4.4)

 

Non-current liabilities

 

 

(3.2)

 

 

(4.8)

 

Total consideration

 

 

505.9

 

 

106.0

 

Consideration transferred through common stock issuance

 

 

(32.4)

 

 

 —

 

Contingent consideration

 

 

(20.0)

 

 

 —

 

Seller financed/assumed debt

 

 

(3.8)

 

 

 —

 

Total cash used in acquisitions

 

$

449.7

 

$

106.0

 

 

Summary of unaudited consolidated pro forma results of operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 30,

 

Nine Months Ended September 30,

 

 

    

2017

    

2016

 

2017

    

2016

    

Revenues

 

$

5,524.4

 

$

5,531.2

    

$

16,150.1

 

$

16,561.2

 

Income from continuing operations

 

 

94.3

 

 

93.7

 

 

285.6

 

 

282.1

 

Net income

 

 

94.4

 

 

93.9

 

 

285.3

 

 

281.0

 

Income from continuing operations per diluted common share

 

$

1.10

 

$

1.10

 

$

3.32

 

$

3.27

 

Net income per diluted common share

 

$

1.10

 

$

1.10

 

$

3.32

 

$

3.26