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Wynnewood Acquisition (Tables)
12 Months Ended
Dec. 31, 2012
Wynnewood Acquisition  
Schedule of total final purchase price allocated to GWEC's net tangible assets based on their fair values

   The following table, set forth below, displays the total final purchase price allocated to WEC's net tangible assets based on their fair values as of December 15, 2011 (in millions):

Cash and cash equivalents

  $ 6.3  

Accounts receivable

    159.0  

Inventories

    213.5  

Prepaid expenses and other current assets

    6.0  

Property, plant and equipment

    577.0  

Accounts payable and accrued liabilities

    (316.1 )

Long-term debt

    (52.3 )
       

Total fair values of net assets acquired

    593.4  
       

Less: cash acquired

    6.3  
       

Total consideration transferred, net of cash acquired

  $ 587.1  
       
Summary of pro forma condensed consolidated financial information

 

 

 
  Years Ended
December 31,
 
 
  2011   2010  
 
  (in millions)
(unaudited)

 

Net sales

  $ 7,674.5   $ 6,220.8  

Net income

    468.8     22.0