Acquisitions (Tables)

9 Months Ended

Sep. 30, 2013

Business Acquisition Purchase Price Allocation Assets Acquired and Liabilities Assumed

This allocation requires a significant use of estimates and is based on information that was available to management at the time these consolidated financial statements were prepared (in thousands).


	2013			2012
Consideration:
Value of Quanta common stock issued	$	19,618		$	37,291
Cash paid		165,246			68,507

Fair value of total consideration transferred	$	184,864		$	105,798


Current assets	$	124,563		$	20,516
Property and equipment		14,221			18,821
Other assets		1,009			123
Identifiable intangible assets		25,934			17,931
Current liabilities		(93,026	)		(10,008	)
Deferred tax liabilities, net		(4,083	)		(6,173	)
Other long-term liabilities		(1,617	)		(191	)

Total identifiable net assets		67,001			41,019
Goodwill		117,863			64,779

	$	184,864		$	105,798

Unaudited Supplemental Pro Forma Results of Operations

Future results may vary significantly from the results reflected in the following pro forma financial information because of future events and transactions, as well as other factors (in thousands, except per share amounts):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2013		2012		2013		2012
Revenues	$	1,664,282	$	1,605,188	$	4,926,496	$	4,480,965
Gross profit	$	275,573	$	262,809	$	781,801	$	685,531
Selling, general and administrative expenses	$	126,012	$	118,924	$	367,893	$	332,163
Amortization of intangible assets	$	7,070	$	11,438	$	19,399	$	35,217
Net income from continuing operations	$	99,240	$	91,522	$	260,789	$	209,297
Net income from continuing operations attributable to common stock	$	93,738	$	87,064	$	246,022	$	196,293

Earnings per share from continuing operations attributable to common stock — basic and diluted	$	0.44	$	0.41	$	1.15	$	0.91