Acquisition (Tables)

9 Months Ended

Sep. 30, 2015

The total consideration transferred was based on the closing price of Wisconsin Energy common stock on June 29, 2015, and was calculated as follows:



	Consideration Paid
(in millions, except per share amounts)	Stock		Cash		Total
Integrys common shares outstanding at June 29, 2015	79,963,091		79,963,091
Exchange ratio	1.128
Wisconsin Energy shares issued for Integrys shares *	90,187,884
Closing price of Wisconsin Energy common shares on June 29, 2015	$45.16
Fair value of common stock issued	$	4,072.9			$	4,072.9
Cash paid per share of Integrys shares outstanding			$18.58
Fair value of cash paid for Integrys shares *			$	1,486.2	$	1,486.2
Consideration attributable to settlement of equity awards, net of tax			$	24.0	$	24.0
Total purchase price	$	4,072.9	$	1,510.2	$	5,583.1


*	Fractional shares of 10,483 totaling $0.5 million were paid in cash.

The preliminary purchase price allocation is as follows:



(in millions)
Current assets	$	1,178.2
Net property, plant and equipment	7,097.9
Goodwill	2,947.2
Deferred charges and other assets, excluding goodwill	2,393.7
Current liabilities, including current maturities of long-term debt	(1,261.3		)
Deferred credits and other liabilities	(3,774.0		)
Long-term debt	(2,947.5		)
Preferred stock of subsidiary	(51.1		)
Total purchase price	$	5,583.1



	Three Months Ended September 30				Nine Months Ended September 30
(in millions, except per share amounts)	2015		2014		2015		2014
Unaudited Pro Forma Financial Information
Operating Revenues	$	1,698.7	$	1,689.8	$	5,878.8	$	6,898.0
Net Income	$	185.5	$	210.7	$	664.9	$	712.1
Earnings per share (Basic)	$	0.59	$	0.67	$	2.11	$	2.26
Earnings per share (Diluted)	$	0.58	$	0.66	$	2.10	$	2.24