Acquisitions (Tables)

12 Months Ended

Sep. 30, 2017

Components of Final Purchase Price Allocation

The components of the final Totalgaz purchase price allocation are as follows:



Assets acquired:
Cash	$	86.8
Accounts receivable (a)	170.3
Prepaid expenses and other current assets	11.0
Property, plant and equipment	375.6
Intangible assets (b)	91.3
Other assets	21.4
Total assets acquired	$	756.4

Liabilities assumed:
Accounts payable	109.2
Other current liabilities	103.5
Deferred income taxes	117.5
Other noncurrent liabilities	113.4
Total liabilities assumed	$	443.6
Goodwill	183.8
Net consideration transferred (including working capital adjustments)	$	496.6


(a)	Approximates the gross contractual amounts of receivables acquired.


(b)	Comprises $79.3 of customer relationships and $12.0 of tradenames ($8.3 of which is subject to amortization), having average amortization periods of 15 years.

Unaudited Pro Forma Revenues, Net Income, and Earnings Per Share Data

The following table presents unaudited pro forma revenues, net income attributable to UGI Corporation and earnings per share data for Fiscal 2015 as if the Totalgaz Acquisition had occurred on October 1, 2014. The unaudited pro forma consolidated information reflects the historical results of Totalgaz SAS and its subsidiaries after giving effect to adjustments directly attributable to the transaction, including depreciation, amortization, interest expense, intercompany eliminations and related income tax effects. The unaudited pro forma net income also reflects the effects of the issuance of the €600 term loan under France SAS’s 2015 Senior Facilities Agreement and the associated repayment of the term loan outstanding under Antargaz’ 2011 Senior Facilities Agreement as if such transactions had occurred on October 1, 2014. Amounts in the table below exclude costs associated with extinguishment of debt under Antargaz’ 2011 Senior Facilities Agreement (see Note 5):



	2015
	As Reported		Pro Forma Adjusted
Revenues	$	6,691.1	$	7,065.8
Net income attributable to UGI Corporation	$	281.0	$	341.2
Earnings per common share attributable to UGI Corporation stockholders:
Basic	$	1.62	$	1.97
Diluted	$	1.60	$	1.94

Total Cash Paid and Liabilities Incurred

Total cash paid and liabilities incurred in connection with these acquisitions were as follows:



	2017				2016				2015
	AmeriGas Propane		UGI International		AmeriGas Propane		UGI International		AmeriGas Propane		UGI International
Total cash paid	$	36.8	$	99.7	$	37.6	$	24.1	$	20.8	$	17.6
Liabilities incurred (a)	10.8		20.6		11.8		—		4.2		—
Total purchase price	$	47.6	$	120.3	$	49.4	$	24.1	$	25.0	$	17.6


(a)	Reflects notes payable to seller and liabilities associated with noncompete agreements.