Acquisitions and Divestitures (Tables)

12 Months Ended

Dec. 31, 2018

Schedule of estimated purchase price allocation for the acquisition

The following table summarizes the aggregate consideration paid for the 2016 acquisitions and the amounts of the assets acquired and liabilities assumed recognized at the acquisition date. The purchase price allocation for the 2016 acquisitions is as follows:



(In millions)
Cash paid for acquisition of businesses, net of cash acquired	$	424.3
Cash acquired	2.6
Amounts due to sellers	20.0
Purchase price	$	446.9

Assets acquired:
Cash and cash equivalents	$	2.6
Accounts and notes receivable	62.8
Inventories	39.0
Property and equipment	100.3
Goodwill and identifiable intangible assets	291.9
Other current and long-term assets	14.8

Liabilities assumed:
Accrued expenses and other current liabilities	(61.0		)
Non-current income tax liabilities and other long term liabilities	(3.5		)
Purchase price	$	446.9

The following table summarizes the aggregate consideration paid for acquisitions during 2017 and the provisional amounts of the assets acquired and liabilities assumed, recognized at the acquisition date. We are in the process of finalizing the valuations of certain intangible assets; thus, the provisional measurements of these acquired assets and assumed liabilities are subject to change and will be finalized no later than one year from the acquisition date.



(In millions)
Cash paid for acquisition of businesses, net of cash acquired	$	108.2
Cash and cash equivalents	4.5
Amounts due to sellers	0.7
Non-monetary consideration	4.2
Estimated purchase price	$	117.6

Assets acquired:
Cash and cash equivalents	$	4.5
Property and equipment	10.6
Goodwill and identifiable intangible assets	105.2
Other current and long-term assets	10.2

Liabilities assumed:
Accrued expenses and other current liabilities	(3.7		)
Long-term liabilities and deferred tax liabilities	(9.1		)
Estimated purchase price	$	117.6

Schedule of unaudited pro forma results

The following presents the unaudited pro forma results for 2016 and 2015 as if 2016 and 2015 acquisitions had been completed on January 1, 2015:



	2016		2015
	(pro forma)		(pro forma)
Revenue	$	27,925.0	$	32,604.4
Net income attributable to World Fuel	$	146.1	$	202.0

Earnings per common share:
Basic	$	2.11	$	2.88
Diluted	$	2.09	$	2.86