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Acquisitions (Tables)
9 Months Ended
Sep. 30, 2017
Pro Forma Results of Operations

The following pro forma results of operations assume that the Company’s acquisition of Progressive Waste and its other acquisitions that were collectively insignificant, occurring during the nine months ended September 30, 2016, were acquired as of January 1, 2016 (unaudited):



 

 

 

 

 

 

 

 

 



 

Nine Months Ended September 30,

 

 

 

 



 

2016

 

 

 

 

Total revenue

 

$

3,136,249 

 

 

 

 

 

 

Net income

 

 

279,907 

 

 

 

 

 

 

Basic income per share

 

 

1.07 

 

 

 

 

 

 

Diluted income per share

 

 

1.07 

 

 

 

 

 

 



Progressive Waste Solutions Ltd. [Member]  
Summary of Consideration Transferred to Acquire Businesses and Amounts of Identifiable Assets Acquired, Liabilities Assumed and Noncontrolling Interests

The following table summarizes the consideration transferred to acquire Progressive Waste and the amounts of identifiable assets acquired and liabilities assumed:



 

 

 

Fair value of consideration transferred:

 

 

 

Shares issued

 

$

3,503,162 

Debt assumed

 

 

1,729,274 



 

 

5,232,436 

Less: cash acquired

 

 

(65,768)

Net fair value of consideration transferred

 

 

5,166,668 



 

 

 

Recognized amounts of identifiable assets acquired and liabilities assumed associated with the business acquired:

 

 

 

Accounts receivable

 

 

231,709 

Prepaid expenses and other current assets

 

 

28,623 

Restricted assets

 

 

16,551 

Property and equipment

 

 

2,063,011 

Contracts

 

 

223,885 

Customer lists

 

 

191,679 

Other intangibles

 

 

218,499 

Other assets

 

 

4,491 

Accounts payable and accrued liabilities

 

 

(264,992)

Deferred revenue

 

 

(35,635)

Contingent consideration

 

 

(19,412)

Other long-term liabilities

 

 

(185,774)

Deferred income taxes

 

 

(329,552)

Total identifiable net assets

 

 

2,143,083 

Goodwill

 

$

3,023,585 



Other Acquisition [Member]  
Summary of Consideration Transferred to Acquire Businesses and Amounts of Identifiable Assets Acquired, Liabilities Assumed and Noncontrolling Interests

The following table summarizes the consideration transferred and the preliminary amounts of identifiable assets acquired and liabilities assumed at the acquisition dates for the acquisitions consummated in the nine months ended September 30, 2017 and 2016:



 

 

 

 

 

 



 

2017

Acquisitions

 

2016 Acquisitions

Fair value of consideration transferred:

 

 

 

 

 

 

Cash

 

$

394,002 

 

$

13,703 

Debt assumed

 

 

56,958 

 

 

-

Notes issued to sellers

 

 

13,460 

 

 

-

Fair value of operations exchanged

 

 

81,097 

 

 

-



 

 

545,517 

 

 

13,703 



 

 

 

 

 

 

Recognized amounts of identifiable assets acquired and liabilities assumed associated with businesses acquired:

 

 

 

 

 

 

Accounts receivable

 

 

19,312 

 

 

521 

Prepaid expenses and other current assets

 

 

4,336 

 

 

477 

Property and equipment

 

 

167,065 

 

 

4,397 

Long-term franchise agreements and contracts

 

 

54,674 

 

 

-

Customer lists

 

 

28,033 

 

 

5,079 

Indefinite-lived intangibles

 

 

5,830 

 

 

-

Other intangibles

 

 

27,261 

 

 

-

Other assets

 

 

3,052 

 

 

261 

Accounts payable and accrued liabilities

 

 

(12,022)

 

 

(744)

Deferred revenue

 

 

(9,657)

 

 

(659)

Contingent consideration

 

 

(35)

 

 

(345)

Other long-term liabilities

 

 

(1,080)

 

 

-

Deferred income taxes

 

 

(50,283)

 

 

-

Total identifiable net assets

 

 

236,486 

 

 

8,987 

Goodwill

 

$

309,031 

 

$

4,716