The following unaudited pro forma financial information should not be considered indicative of either future results or results that might have occurred had the acquisition been consummated as of January 1, 2010 (in thousands):
| |
For the year ended December 31, 2011 |
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|---|---|---|---|---|
|
Total revenues |
||||
|
As reported herein |
$ | 2,571,358 | ||
|
Pro forma |
$ | 2,795,566 | ||
|
Income from continuing operations |
||||
|
As reported herein |
$ | 363,598 | ||
|
Pro forma |
$ | 418,419 | ||
The following tables summarize the purchase consideration and the purchase price allocation to the assets acquired and liabilities assumed (in thousands):
|
Purchase consideration: |
||||
|
Cash |
$ | 2,173,080 | ||
|
Fair value of shares of common stock issued |
1,224,126 | |||
|
Fair value of stock options issued and warrants |
34,765 | |||
| | | | | |
|
Fair value of consideration transferred |
3,431,971 | |||
|
Fair value of equity interest in Western Coal held before the acquisition |
314,231 | |||
| | | | | |
|
Total consideration |
$ | 3,746,202 | ||
| | | | | |
| | | | | |
|
Fair value of assets acquired and liabilities assumed: |
||||
|
Cash and cash equivalents |
$ | 34,065 | ||
|
Receivables |
163,668 | |||
|
Inventories |
121,229 | |||
|
Other current assets |
86,498 | |||
|
Mineral interests |
3,086,000 | |||
|
Property, plant and equipment |
554,192 | |||
|
Goodwill |
1,065,040 | |||
|
Other long-term assets |
54,150 | |||
| | | | | |
|
Total assets |
5,164,842 | |||
| | | | | |
|
Accounts payable and accrued liabilities |
184,983 | |||
|
Other current liabilities |
86,105 | |||
|
Deferred tax liability |
1,046,708 | |||
|
Other long-term liabilities |
100,844 | |||
| | | | | |
|
Total liabilities |
1,418,640 | |||
| | | | | |
|
Net assets acquired |
$ | 3,746,202 | ||
| | | | | |
| | | | | |