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Acquisitions and Divestitures (Tables)
6 Months Ended
Jun. 30, 2012
Acquisitions and Divestitures  
Schedule of fair value of consideration transferred

 

 

 

 

 

Fair Value at the
Acquisition Date

 

 

 

 

 

(Provisional)

 

 

 

 

 

 

 

 

 

Cash

 

 

$

363,405

 

 

Contingent consideration

 

 

169,337

 

 

Total fair value of consideration transferred

 

 

$

532,742

 

 

Schedule of purchase price allocated to assets acquired and liabilities assumed at acquisition date

 

 

 

 

 

Amounts
Recognized as of
Acquisition Date
(Provisional)

 

 

 

 

 

 

 

 

Working capital (1)

 

 

$

11,987

 

 

Property, plant and equipment

 

 

2,559

 

 

Platform technology intangible asset (2)

 

 

330,800

 

 

In-process research and development product rights

 

 

198,400

 

 

Net deferred tax liability (3)

 

 

(164,993)

 

 

Total identifiable net assets

 

 

378,753

 

 

Goodwill

 

 

153,989

 

 

Net assets acquired

 

 

$

532,742

 

 

 

(1)      Includes cash and cash equivalents, accounts receivable, other current assets, accounts payable and other current liabilities.

(2)      Platform technology related to the Avilomics™ discovery platform which is being amortized over a useful life of seven years based on the estimated useful life of the underlying process.

(3)      Includes current deferred income tax asset of $14.7 million and non-current deferred tax liability of $179.7 million.