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Business Combinations (Tables)
12 Months Ended
Dec. 31, 2018
Business Combinations [Abstract]  
Summary of the Preliminary Estimated Fair Values of the Assets Acquired and the Liabilities Assumed The following is a summary of the preliminary estimated fair values of the assets acquired and the liabilities assumed:

(add 000)

 

 

 

 

Assets:

 

 

 

 

Cash and cash equivalents

 

$

1,159

 

Receivables

 

 

25,479

 

Inventory

 

 

46,635

 

Other current assets

 

 

1,029

 

Property, plant and equipment

 

 

1,519,289

 

Intangible assets, other than goodwill

 

 

20,150

 

Goodwill

 

 

244,615

 

     Total Assets

 

 

1,858,356

 

Liabilities:

 

 

 

 

Accounts payable and accrued expenses

 

 

17,978

 

Deferred income tax liabilities, net

 

 

214,020

 

Noncontrolling interest

 

 

9,001

 

     Total Liabilities

 

 

240,999

 

Total Consideration

 

$

1,617,357

 

 

Business Acquisition, Pro Forma Information

The pro forma information does not purport to project the future financial position or operating results of the combined company.  The pro forma financial information as presented below is for informational purposes only and is not indicative of the results of operations that would have been achieved if the acquisition had taken place at the beginning of fiscal year 2017.

 

year ended December 31

 

 

 

 

 

 

 

 

(add 000)

 

2018

 

 

2017

 

Total revenues

 

$

4,299,673

 

 

$

4,178,627

 

Net earnings attributable to Martin Marietta

 

$

489,526

 

 

$

691,719

 

Diluted earnings per share

 

$

7.75

 

 

$

10.94