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Business Combinations (Tables)
6 Months Ended
Jun. 30, 2014
Consolidated Unaudited Pro Forma Revenues, Net Earnings and Diluted Net Earnings Per Share
Consolidated unaudited pro forma revenues, net earnings, and diluted net earnings per share for the three and six month periods ended June 30, 2014 and 2013, respectively, giving effect to all acquisitions as if they had occurred on January 1, 2013 were as follows:
 
      THREE MONTHS ENDED       SIX MONTHS ENDED  
   
June 30,
   
June 30,
   
June 30,
   
June 30,
 
   
2014
   
2013
   
2014
   
2013
 
   
Pro forma
   
Pro forma
   
Pro forma
   
Pro forma
 
Revenues
  $ 1,138.0     $ 974.0     $ 2,247.3     $ 1,932.3  
Net earnings
    122.4       105.1       252.4       205.1  
Diluted net earnings per share
    1.17       1.01       2.42       1.98  
Energy Services
 
Preliminary Estimates of Fair Values of Assets Acquired and Liabilities Assumed
The following table summarizes the current estimates of fair values of assets acquired and liabilities assumed in the Energy Services Acquisitions in accordance with ASC 805, which are currently recorded based on management’s estimates as follows:
 
   
2014
   
2013
 
Accounts receivable-trade
  $ 36.8     $ 10.9  
Inventories
    1.7       3.9  
Other current and non-current assets
    2.5       0.2  
Property and equipment
    141.5       34.3  
Goodwill
    333.1       54.7  
Identified intangibles
    109.0       20.5  
Accounts payable
    (6.8 )     (9.9 )
Other current and non-current liabilities
    (106.2 )     (0.6 )
Total purchase price
  $ 511.6     $ 114.0  
Manufacturing
 
Preliminary Estimates of Fair Values of Assets Acquired and Liabilities Assumed
The following table summarizes the current estimates of fair values of assets acquired and liabilities assumed in the Manufacturing Acquisitions in accordance with ASC 805, which are currently recorded based on management’s estimates as follows:
 
   
Domestic
   
Foreign
 
Accounts receivable-trade
  $ 12.5     $ 12.8  
Inventories
    17.3       8.0  
Other current and non-current assets
    1.3       0.5  
Property and equipment
    6.6       5.6  
Goodwill
    185.0       209.7  
Identified intangibles
    46.3       54.1  
Accounts payable
    (4.3 )     (3.7 )
Other current and non-current liabilities
    (8.4 )     (11.7 )
Total purchase price
  $ 256.3     $ 275.3