Acquisitions (Tables)

9 Months Ended

Sep. 30, 2017

Schedule of estimated purchase price allocation for the acquisition

The following table summarizes the aggregate consideration paid for acquisitions during the nine months ended September 30, 2017 and the provisional amounts of the assets acquired and liabilities assumed, recognized at the acquisition date. The Company is in the process of finalizing the valuations of certain acquired fixed assets and intangible assets; thus, the provisional measurements of these acquired assets and assumed liabilities are subject to change and will be finalized no later than one year from the acquisition date.



(In millions)	Total
Cash paid for acquisition of businesses	$	87.6
Non-monetary consideration	4.3
Estimated purchase price	$	91.9

Assets acquired:
Property and equipment	10.3
Goodwill and identifiable intangible assets	79.8
Other current and long-term assets	8.8

Liabilities assumed:
Long-term liabilities and deferred tax liabilities	(7.0		)
Estimated purchase price	$	91.9

The aggregate purchase price for the 2016 acquisitions of $264.0 million was allocated to the assets acquired and liabilities assumed based on their fair value as of the acquisition date. The purchase price allocation for the 2016 acquisitions is as follows :



(In millions)	Total
Cash paid for acquisition of businesses	$	253.7
Amounts due to sellers	10.4
Purchase price	$	264.0

Assets acquired:
Accounts and notes receivable	$	60.4
Inventories	35.4
Property and equipment	45.3
Goodwill and identifiable intangible assets	166.5
Other current and long-term assets	11.5

Liabilities assumed:
Accounts payable	(33.0		)
Accrued expenses and other current liabilities	(21.4		)
Long-term liabilities and deferred tax liabilities	(0.5		)
Purchase price	$	264.0

Schedule of unaudited pro forma results

The following presents the unaudited pro forma results for 2016 as if the 2016 acquisitions had been completed on January 1, 2016:



	Unaudited Supplemental Pro Forma Consolidated Results
	Three Months Ended		Nine Months Ended
	September 30,		September 30,
(In millions, except per share data)	2016		2016
Revenues	$	7,399.8	$	19,797.6
Net income attributable to World Fuel	42.7		133.2

Earnings per common share:
Basic earnings per common share	$	0.62	$	1.92
Diluted earnings per common share	$	0.61	$	1.91