Acquisitions (Tables)

12 Months Ended

Oct. 31, 2019

Consideration Transferred



(in millions, except per share data)
Shares of ABM common stock, net of shares withheld for taxes	9.4
ABM common stock closing market price at acquisition date	$	44.63
Fair value of ABM common stock at closing	421.3
Cash consideration⁽¹⁾	837.5
Total consideration transferred	$	1,258.8

⁽¹⁾Revised during the second quarter of 2018 to reflect a post-closing purchase price adjustment related to a net working capital settlement.

Schedule of Preliminary Purchase Price Allocation

Purchase Price Allocation



	As reported at
	October 31, 2018
(in millions)	(finalized)
Cash and cash equivalents	$	0.2
Trade accounts receivable⁽¹⁾	116.3
Prepaid expenses and other current assets	12.0
Property, plant and equipment	37.3
Customer relationships⁽²⁾	340.0
Trade names⁽²⁾	8.0
Goodwill⁽³⁾	926.9
Other assets	4.0
Trade accounts payable	(9.6		)
Insurance reserves	(35.2		)
Income taxes payable	(8.6		)
Accrued liabilities	(38.8		)
Deferred income tax liability, net	(85.6		)
Other liabilities	(8.1		)
Net assets acquired	$	1,258.8

⁽¹⁾ The gross amount of trade accounts receivable was $121.9 million, of which $5.6 million was deemed uncollectible at October 31, 2018.

⁽²⁾The amortization periods for the acquired intangible assets are 15 years for customer relationships and 2 years for trade names.

⁽³⁾Goodwill is largely attributable to value we expect to obtain from long-term business growth, the established workforce, and buyer-specific synergies. This goodwill is not deductible for income tax purposes.

Schedule of Pro Forma Financial Information

Accordingly, the unaudited pro forma information is not necessarily indicative of the results that would have been achieved if the acquisition had been effective on November 1, 2015.



(in millions)	Year Ended October 31, 2017
Pro forma revenue	$	6,293.0
Pro forma income from continuing operations	95.5