XML 79 R30.htm IDEA: XBRL DOCUMENT v3.25.0.1
Acquisitions (Tables)
 12 Months Ended
Dec. 31, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Schedule of business acquisition pro forma information These operating expenditures have been reflected within the results of operations in the Pro Forma Financial Information as if they were incurred on January 1, 2021.
 YEAR ENDED DECEMBER 31, 2022
Total Revenues$5,121,548 
Income from Continuing Operations571,381 
Schedule of recognized identified assets acquired and liabilities assumed
A summary of the cumulative consideration paid and the allocation of the purchase price paid for all of our acquisitions (including asset acquisitions) in each respective year is as follows:
202420232022
TOTALTOTAL
ITRENEW
OTHER FISCAL
YEAR 2022
ACQUISITIONS
TOTAL
Cash Paid (gross of cash acquired)(1)
$185,882 $88,635 $749,596 $85,170 $834,766 
Fair Value of Noncontrolling Interests(2)
— 78,598 — — — 
Fair Value of Previously Held Equity Interest(2)
— 99,718 — — — 
Deferred Purchase Obligations, Purchase Price Holdbacks and Other(3)
134,638 4,790 275,100 13,637 288,737 
Settlement of Pre-Existing Relationships— 21,641 — — — 
Total Consideration320,520 293,382 1,024,696 98,807 1,123,503 
Fair Value of Identifiable Assets Acquired and Liabilities Assumed:
Cash and Cash Equivalents
9,843 49,716 30,694 963 31,657 
Accounts Receivable, Prepaid Expenses and Other Assets
24,872 36,274 71,612 3,947 75,559 
Property, Plant and Equipment12,320 140,668 7,541 93,722 101,263 
Customer and Supplier Relationship Intangible Assets(4)
131,463 14,330 487,600 3,672 491,272 
Other Intangible Assets140 8,046 47,300 1,442 48,742 
Operating Lease Right-of-Use Assets38,037 29,046 29,545 3,135 32,680 
Debt Assumed— (22,413)— — — 
Accounts Payable, Accrued Expenses and Other Liabilities(36,786)(19,323)(60,157)(2,069)(62,226)
Operating Lease Liabilities(26,925)(29,046)(29,545)(3,135)(32,680)
Deferred Income Taxes(4,981)(4,495)(100,922)(10,143)(111,065)
Total Fair Value of Identifiable Net Assets Acquired147,983 202,803 483,668 91,534 575,202 
Goodwill Initially Recorded
$172,537 $90,579 $541,028 $7,273 $548,301 
(1)Cash paid for acquisitions, net of cash acquired in our Consolidated Statements of Cash Flows includes contingent and other payments of $2,375, $2,930 and $581 for the years ended December 31, 2024, 2023 and 2022, respectively, related to acquisitions made in the years prior to 2024, 2023 and 2022, respectively.
(2)The fair values of the noncontrolling interests and the previously held equity interest were determined to be the respective interest’s proportionate share of the fair value of net assets acquired as of the acquisition date.
(3)In 2024, Deferred purchase obligations, purchase price holdbacks and other consists of the acquisition-date fair values of the deferred purchase obligation associated with the Regency Transaction and the January 2025 Payment. In 2022, Deferred purchase obligations, purchase price holdbacks and other includes $275,100 related to the original fair value estimate of the deferred purchase obligation for the Remaining Interests.
(4)The weighted average lives of customer and supplier relationship intangible assets associated with acquisitions in 2024, 2023 and 2022 were 20 years, four years and 12 years, respectively.