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

 

 

 

 

 

 

 

 

 

 

December 31,

 

 

    

2018

    

2017

 

Accounts receivable

 

$

3.6

 

$

11.1

 

Inventories

 

 

101.1

 

 

139.9

 

Other current assets

 

 

0.2

 

 

2.9

 

Property and equipment

 

 

55.4

 

 

21.8

 

Indefinite-lived intangibles

 

 

173.9

 

 

365.6

 

Other noncurrent assets

 

 

 —

 

 

0.1

 

Current liabilities

 

 

(17.7)

 

 

(33.6)

 

Noncurrent liabilities

 

 

(0.6)

 

 

(1.9)

 

Total consideration

 

$

315.9

 

$

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

 

$

309.1

 

$

449.7

 

 

Summary of unaudited consolidated pro forma results of operations

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

    

2018

    

2017

 

Revenues

 

$

23,007.7

 

$

22,172.6

 

Income from continuing operations

 

 

472.1

 

 

622.3

 

Net income

 

 

473.3

 

 

622.6

 

Income from continuing operations per diluted common share

 

$

5.55

 

$

7.25

 

Net income per diluted common share

 

$

5.56

 

$

7.25