Acquisitions (Tables)

12 Months Ended

Dec. 31, 2019

Revenue and operating income contributed by the 2019 acquisitions subsequent to the date of acquisition were as follows (in millions):



Year Ended December 31,	2019
Revenue	$	232.3
Operating income	3.1

The following unaudited pro forma summary presents consolidated information as if the acquisitions had occurred on January 1 of the previous year (in millions, except for per share amounts):



Year Ended December 31,	2019		2018
Revenue	$	13,193.4	$	12,831.9
Net income	280.2		275.6
Basic net income per share	12.07		11.31
Diluted net income per share	11.98		11.26

Summary of Consideration Paid for Acquisitions

The following tables summarize the consideration paid in cash and equity securities for the acquisitions and the preliminary amount of identified assets acquired and liabilities assumed as of the acquisition date (in millions):



Consideration paid for the Year Ended December 31,	2019		2018
Cash paid, net of cash acquired	$	366.6	$	373.8
Debt issued	26.4		125.1
	$	393.0	$	498.9



Assets acquired and liabilities assumed for the Year Ended December 31,	2019			2018
Trade receivables, net	$	—		$	0.7
Inventories	105.2			180.0
Franchise value	—			29.8
Property and equipment	124.0			179.7
Other assets	193.1			48.6
Floor plan notes payable	—			(10.8		)
Other liabilities	(29.3		)	(2.3		)
	393.0			425.7
Goodwill	—			73.2
	$	393.0		$	498.9