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Business Combinations (Tables)
6 Months Ended
Jun. 30, 2018
Business Combinations  
Summary of the aggregate consideration paid and the aggregate amounts of the assets acquired and liabilities assumed

 

 

 

 

 

 

 

 

 

 

June 30,

 

 

    

2018

    

2017

    

Accounts receivable

 

$

3.6

 

$

6.9

 

Inventories

 

 

62.8

 

 

130.3

 

Other current assets

 

 

 —

 

 

2.5

 

Property and equipment

 

 

52.6

 

 

12.8

 

Indefinite-lived intangibles

 

 

73.9

 

 

362.1

 

Other noncurrent assets

 

 

 —

 

 

0.1

 

Current liabilities

 

 

(16.9)

 

 

(23.8)

 

Noncurrent liabilities

 

 

(0.6)

 

 

(2.8)

 

Total consideration

 

 

175.4

 

 

488.1

 

Deferred consideration

 

 

(6.8)

 

 

 —

 

Consideration transferred through common stock issuance

 

 

 —

 

 

(32.4)

 

Contingent consideration

 

 

 —

 

 

(20.0)

 

Seller financed/assumed debt

 

 

 —

 

 

(3.8)

 

Total cash used in acquisitions

 

$

168.6

 

$

431.9

 

 

Summary of unaudited consolidated pro forma results of operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

 

    

2018

    

2017

 

2018

    

2017

    

Revenues

 

$

5,940.3

 

$

5,487.3

    

$

11,707.4

 

$

10,810.1

 

Income from continuing operations

 

 

135.2

 

 

107.8

 

 

243.0

 

 

194.5

 

Net income

 

 

134.6

 

 

107.3

 

 

242.8

 

 

193.1

 

Income from continuing operations per diluted common share

 

$

1.58

 

$

1.24

 

$

2.84

 

$

2.25

 

Net income per diluted common share

 

$

1.58

 

$

1.25

 

$

2.84

 

$

2.25