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Business Combinations (Tables)

9 Months Ended

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

X

- 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)
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(3)
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X

- 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
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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

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-Name Accounting Standards Codification
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-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=121647850&loc=d3e4922-128472

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