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BUSINESS COMBINATION (Tables)

6 Months Ended

Jun. 30, 2020

Schedule of Total Consideration and Amounts Related to the Assets Acquired and Liabilities Assumed

The total consideration for the Coram Acquisition and the amounts related to the assets acquired and liabilities assumed based on the estimated fair values as of the acquisition date were as follows:


($ in millions)	Coram Materials
Accounts receivable	$	2.0
Inventory	10.0
Other current assets	0.3
Property, plant and equipment	130.9
Total assets acquired	143.2
Current liabilities	0.1
Other long-term liabilities	0.2
Total liabilities assumed	0.3
Total consideration (fair value)⁽¹⁾	$	142.9

(1) Included $140.2 million in cash, present value deferred consideration of $1.7 million, and a trade working capital payable of $1.6 million, less a $0.6 million settlement of accounts payable owed by the Company to Coram Materials at the acquisition date. The total amount of deferred consideration is $2.0 million, which is payable over two years.

Schedule of Unaudited Pro Forma Information

The unaudited pro forma consolidated financial results shown below represent our estimate of the Company's results of operations as if the Coram Acquisition had been completed on January 1, 2019.


	Three Months Ended June 30,						Six Months Ended June 30,
($ in millions except per share)	2020		2019		2020		2019
Revenue	$	322.7	$	372.5	$	659.2	$	709.5
Net income (loss) attributable to U.S. Concrete	$	9.3	$	0.8	$	7.7	$	(1.8)

Net income (loss) per share attributable to U.S. Concrete - basic	$	0.56	$	0.05	$	0.46	$	(0.11)
Net income (loss) per share attributable to U.S. Concrete - diluted	$	0.56	$	0.05	$	0.46	$	(0.11)

Schedule of Adjustments Reflected in Pro Forma Net Income (Loss) and Net Income (Loss) Per Share Amounts

The unaudited pro forma amounts above reflect the following adjustments:


	Three Months Ended June 30,						Six Months Ended June 30,
($ in millions)	2020		2019		2020		2019
Decrease (increase) in cost of goods sold related to fair value increase in inventory	$	2.6	$	(1.3)	$	4.2	$	(2.1)
Decrease (increase) in depreciation, depletion and amortization expense	—		(1.5)		(0.9)		(2.5)
Exclusion of buyer transaction costs	0.1		—		0.6		—
Exclusion of seller transaction costs	—		—		0.3		—
Increase in interest expense	—		(1.7)		(0.8)		(2.7)
Increase in income tax expense	—		(0.4)		(1.1)		(0.6)