Acquisitions and Divestitures (Tables)

3 Months Ended

Mar. 31, 2020

The following table represents our preliminary purchase price allocation as of March 31, 2020:


	March 31, 2020
	(in millions)
Accounts receivable	$	30.8
Inventories	11.8
Property, plant, and equipment	62.1
Mineral reserves	21.2
Goodwill	125.7
Customer relationships	60.2
Permits	24.9
Other assets	4.1
Accounts payable	(7.6)
Accrued liabilities	(5.3)
Deferred taxes	(29.3)
Other liabilities	(1.8)
Total net assets acquired	$	296.8

Business Acquisition, Pro Forma Information

The following table represents the unaudited pro-forma consolidated operating results of the Company as if the Cherry acquisition had been completed on January 1, 2019. The unaudited pro-forma information makes certain adjustments to depreciation, depletion, and amortization expense to reflect the fair value recognized in the purchase price allocation, removes one-time transaction related costs, and aligns the Company's debt financing with that as of the acquisition date. The unaudited pro-forma information should not be considered indicative of the results that would have occurred if the acquisition had been completed on January 1, 2019, nor is such unaudited pro-forma information necessarily indicative of future results.


	Three Months Ended March 31, 2020		Year Ended December 31, 2019
	(in millions)
Revenues	$	488.2	$	1,916.9
Income before income taxes	$	44.4	$	163.8