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

 

 

 

 

 

 

 

 

 

 

September 30,

 

 

    

2018

    

2017

    

Accounts receivable

 

$

3.6

 

$

11.1

 

Inventories

 

 

62.8

 

 

139.9

 

Other current assets

 

 

 —

 

 

2.9

 

Property and equipment

 

 

52.6

 

 

21.8

 

Indefinite-lived intangibles

 

 

73.9

 

 

366.9

 

Other noncurrent assets

 

 

 —

 

 

0.1

 

Current liabilities

 

 

(16.9)

 

 

(33.6)

 

Noncurrent liabilities

 

 

(0.6)

 

 

(3.2)

 

Total consideration

 

 

175.4

 

 

505.9

 

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

 

$

449.7

 

 

Summary of unaudited consolidated pro forma results of operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 30,

 

Nine Months Ended September 30,

 

 

    

2018

    

2017

 

2018

    

2017

    

Revenues

 

$

5,658.6

 

$

5,621.8

    

$

17,365.7

 

$

16,432.4

 

Income from continuing operations

 

 

130.1

 

 

95.4

 

 

372.7

 

 

288.9

 

Net income

 

 

130.2

 

 

95.5

 

 

373.0

 

 

288.6

 

Income from continuing operations per diluted common share

 

$

1.53

 

$

1.11

 

$

4.37

 

$

3.36

 

Net income per diluted common share

 

$

1.53

 

$

1.11

 

$

4.37

 

$

3.36