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Business Combinations (Tables)
3 Months Ended
Mar. 31, 2018
Business Combinations  
Summary of the aggregate consideration paid and the aggregate amounts of the assets acquired and liabilities assumed

 

 

 

 

 

 

 

 

 

 

March 31,

 

 

    

2018

    

2017

    

Accounts receivable

 

$

3.6

 

$

6.9

 

Inventories

 

 

56.6

 

 

109.5

 

Other current assets

 

 

 —

 

 

2.5

 

Property and equipment

 

 

52.6

 

 

13.2

 

Indefinite-lived intangibles

 

 

69.5

 

 

263.0

 

Other noncurrent assets

 

 

0.1

 

 

0.1

 

Current liabilities

 

 

(13.2)

 

 

(22.0)

 

Noncurrent liabilities

 

 

(0.7)

 

 

(2.8)

 

Total consideration

 

 

168.5

 

 

370.4

 

Deferred consideration

 

 

(12.0)

 

 

 —

 

Consideration transferred through common stock issuance

 

 

 —

 

 

(32.4)

 

Contingent consideration

 

 

 —

 

 

(20.0)

 

Seller financed/assumed debt

 

 

 —

 

 

(3.8)

 

Total cash used in acquisitions

 

$

156.5

 

$

314.2

 

 

Summary of unaudited consolidated pro forma results of operations

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31,

 

 

 

2018

    

2017

    

Revenues

    

$

5,761.3

 

$

5,323.8

 

Income from continuing operations

 

 

108.1

 

 

86.5

 

Net income

 

 

108.2

 

 

85.9

 

Income from continuing operations per diluted common share

 

$

1.26

 

$

1.01

 

Net income per diluted common share

 

$

1.26

 

$

1.00