Quarterly report pursuant to Section 13 or 15(d)

Acquisitions (Tables)

v2.4.0.8
Acquisitions (Tables)
6 Months Ended
Jun. 30, 2014
Business Combinations [Abstract]  
Business Acquisition Purchase Price Allocation Assets Acquired and Liabilities Assumed

This allocation requires a significant use of estimates and is based on information that was available to management at the time these consolidated financial statements were prepared (in thousands).

 

    2014     2013  

Consideration:

   

Value of Quanta common stock and exchangeable shares issued

  $ 38,641      $ 88,895   

Cash paid

    83,242        341,064   
 

 

 

   

 

 

 

Fair value of total consideration transferred

  $ 121,883      $ 429,959   
 

 

 

   

 

 

 

Current assets

    53,174      $ 193,895   

Property and equipment

    33,445        60,988   

Other assets

    3,374        1,009   

Identifiable intangible assets

    22,368        55,124   

Current liabilities

    (41,283     (127,430

Deferred tax liabilities, net

    (3,604     (4,083

Other long-term liabilities

    (3,935     (5,350
 

 

 

   

 

 

 

Total identifiable net assets

    63,539        174,153   

Goodwill

    58,344        255,806   
 

 

 

   

 

 

 
  $ 121,883      $ 429,959   
 

 

 

   

 

 

 

Unaudited Supplemental Pro Forma Results of Operations

Future results may vary significantly from the results reflected in the following pro forma financial information because of future events and transactions, as well as other factors (in thousands, except per share amounts):

 

     Three Months Ended
June 30,
     Six Months Ended
June 30,
 
     2014      2013      2014      2013  

Revenues

   $ 1,864,550       $ 1,672,112       $ 3,632,181       $ 3,458,655   

Gross profit

   $ 281,448       $ 280,479       $ 553,452       $ 558,385   

Selling, general and administrative expenses

   $ 139,440       $ 133,381       $ 313,994       $ 261,588   

Amortization of intangible assets

   $ 8,615       $ 8,175       $ 16,969       $ 17,456   

Net income

   $ 85,444       $ 88,151       $ 143,127       $ 178,094   

Net income attributable to common stock

   $ 81,082       $ 83,662       $ 134,525       $ 168,829   

Earnings per share attributable to common stock — basic and diluted

   $ 0.37       $ 0.38       $ 0.61       $ 0.77