Acquisitions (Tables)

9 Months Ended

Sep. 30, 2014

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).


	2014			2013
Consideration:
Value of Quanta common stock and exchangeable shares issued	$	70,179		$	88,895
Cash paid		171,456			341,064

Fair value of total consideration transferred	$	241,635		$	429,959

Current assets		115,260		$	193,895
Property and equipment		87,755			60,988
Other assets		3,500			1,009
Identifiable intangible assets		51,198			55,124
Current liabilities		(104,699	)		(127,430	)
Deferred tax liabilities, net		(15,525	)		(4,083	)
Other long-term liabilities		(4,926	)		(5,350	)

Total identifiable net assets		132,563			174,153
Goodwill		109,072			255,806

	$	241,635		$	429,959

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,
	2014		2013		2014		2013
Revenues	$	2,180,335	$	1,816,086	$	5,916,212	$	5,382,265
Gross profit	$	354,294	$	311,524	$	925,688	$	890,706
Selling, general and administrative expenses	$	200,932	$	142,199	$	523,505	$	416,972
Amortization of intangible assets	$	9,663	$	9,881	$	28,016	$	30,043
Net income	$	100,459	$	109,523	$	249,125	$	291,034
Net income attributable to common stock	$	95,092	$	104,020	$	235,156	$	276,266

Earnings per share attributable to common stock — basic and diluted	$	0.43	$	0.47	$	1.07	$	1.26