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Acquisitions and Significant Accounting Policies (Tables) | 9 Months Ended
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Sep. 30, 2015
Acquisitions |
Reconciliation of the estimated aggregate purchase price for the acquisitions to the cash paid for the acquisitions, net of cash acquired |
Estimated purchase price |  | $ | 80.1
Less: Cash acquired |  |  | 1.2
Estimated purchase price, net of cash acquired |  |  | 78.9
Less: Amounts due to sellers |  |  | 0.9
Cash paid for acquisition of businesses |  | $ | 78.0
Schedule of estimated purchase price allocation for the acquisition |
Assets acquired: |  |  |
Cash and cash equivalents |  | $ | 1.2
Accounts receivable |  |  | 5.8
Inventories |  |  | 7.4
Property and equipment |  |  | 39.7
Identifiable intangible assets |  |  | 16.6
Goodwill |  |  | 25.4
Other current and long-term assets |  |  | 5.1
Liabilities assumed: |  |  |
Short-term debt |  |  | (0.5)
Accounts payable |  |  | (9.9)
Accrued expenses and other current liabilities |  |  | (3.9)
Non-current income tax liabilities and other long term liabilities |  |  | (6.8)
Estimated purchase price |  | $ | 80.1
2015 & 2014 Acquisitions |
Acquisitions |
Schedule of unaudited pro forma results |
|  |  | For the Three Months ended |  |  | For the Nine Months ended
|  |  | September 30, |  |  | September 30,
|  |  | 2015 |  |  | 2014 |  |  | 2015 |  |  | 2014
|  |  | (pro forma) |  |  | (pro forma) |  |  | (pro forma) |  |  | (pro forma)
Revenue |  | $ | 7,948.7 |  | $ | 11,977.6 |  | $ | 24,071.1 |  | $ | 34,914.2
Net income attributable to World Fuel |  | $ | 52.0 |  | $ | 60.0 |  | $ | 139.9 |  | $ | 164.7
Earnings per common share: |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.74 |  | $ | 0.85 |  | $ | 1.98 |  | $ | 2.33
Diluted |  | $ | 0.74 |  | $ | 0.84 |  | $ | 1.97 |  | $ | 2.31
2014 Acquisitions |
Acquisitions |
Schedule of unaudited pro forma results |
|  | For the Three Months ended |  | For the Nine Months ended
|  | September 30, 2014 |  | September 30, 2014
|  |  |  |  | (pro forma) |  |  |  |  | (pro forma)
Revenue |  |  |  | $ | 11,748.5 |  |  |  | $ | 34,289.2
Net income attributable to World Fuel |  |  |  | $ | 56.4 |  |  |  | $ | 158.8
Earnings per common share: |  |  |  |  |  |  |  |  |  |
Basic |  |  |  | $ | 0.80 |  |  |  | $ | 2.24
Diluted |  |  |  | $ | 0.79 |  |  |  | $ | 2.23

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=56956791&loc=d3e4845-128472 + Details
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