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Business Combinations (Tables) | 9 Months Ended
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Sep. 30, 2020
Business Combinations [Abstract] |
Summary of Preliminary Fair Value of Consideration Transferred and the Preliminary Estimated Fair Values of the Assets Acquired and Liabilities Assumed | The following table summarizes the final fair value of consideration transferred and the final estimated fair values of the assets acquired and liabilities assumed at the date of the APi Acquisition:
Cash paid at closing |  | $ | 2,703 |
Deferred consideration |  |  | 137 |
Share consideration—28,373,000 APG common shares |  |  | 291 |
Total consideration |  | $ | 3,131 |
Cash |  | $ | 138 |
Accounts receivable |  |  | 770 |
Contract assets |  |  | 350 |
Other current assets |  |  | 182 |
Property and equipment |  |  | 408 |
Operating lease right of use assets |  |  | 102 |
Other noncurrent assets |  |  | 72 |
Assets held for sale |  |  | 14 |
Intangible assets |  |  | 1,110 |
Goodwill |  |  | 1,047 |
Deferred tax assets |  |  | 7 |
Accounts payable |  |  | (188 | )
Contract liabilities |  |  | (206 | )
Accrued expenses |  |  | (392 | )
Other current liabilities |  |  | (65 | )
Operating lease liabilities |  |  | (101 | )
Finance lease liabilities |  |  | (18 | )
Deferred tax liabilities |  |  | (28 | )
Other noncurrent liabilities |  |  | (71 | )
Net assets acquired |  | $ | 3,131 |
Summary of Preliminary Fair Value of the Identifiable Intangible Assets | The following table summarizes the fair value of the identifiable intangible assets at the date of the APi Acquisition:
Contractual backlog |  | $ | 99 |
Customer relationships |  |  | 752 |
Tradenames and trademarks |  |  | 259 |
Total intangibles |  | $ | 1,110 |
Summary of Pro Forma Consolidated Financial Information Reflects the Results of Operations | These amounts are based on financial information of APi Group and are not necessarily indicative of what the Company’s operating results would have been had the acquisition and related financing taken place on January 1, 2018.
|  | Three Months Ended September 30, 2019 (Predecessor) |  |  | Nine Months Ended September 30, 2019 (Predecessor) |
Net revenues |  | $ | 1,118 |  |  | $ | 3,107 |
Net income |  |  | 27 |  |  |  | 80 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of characteristics and cost, by total and major class, of indefinite-lived intangible assets acquired as part of a business combination. Indefinite-lived intangible assets are assets that have no physical form, but have expected future economic benefit. The future benefit is not expected to diminish over a stated period of time. Acquired indefinite-lived intangible assets are disclosed by major class (assets that can be grouped together because they are similar, either by their nature or by their use in operations of the entity) and in total. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121647850&loc=d3e4922-128472 + Details
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