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CCO » Topics » Acquisition Summary

This excerpt taken from the CCO DEF 14A filed Apr 30, 2009.

Acquisition Summary

The following is a summary of the assets and liabilities acquired and the consideration given for all acquisitions made during 2008 and 2007. Due to the timing of certain acquisitions, the purchase price allocation is preliminary pending completion of third-party appraisals and other fair value analysis of assets and liabilities.

 

(In thousands)    Post-Merger
2008		     Pre-Merger
2007		  

Cash

    $ 112     $ —    

Accounts receivable

      104       —    

Property, plant and equipment

      17,468       29,654  

Permits

      8,065       13,634  

Definite-lived intangibles

      42,941       3,014  

Goodwill

      8,814       34,094  

Other assets

      8,585       1,453  
                
     86,089       81,849  

Other liabilities

      (9,101 )     (11,347 )

Minority interests

      7,865       101  

Deferred tax

      (6,696 )     (1,544 )
                
     (7,932 )     (12,790 )

Plus accrued earnout paid

      25,053       —    

Less fair value of assets exchanged

      (6,600 )     —    
                

Total cash consideration

      96,610       69,059  

Less cash received

      (112 )     —    
                

Net cash paid for acquisitions

    $ 96,498     $ 69,059  
                

The Company has entered into certain agreements relating to acquisitions that provide for purchase price adjustments and other future contingent payments based on the financial performance of the acquired company. The Company will continue to accrue additional amounts related to such contingent payments if and when it is determinable that the applicable financial performance targets will be met. The aggregate of these contingent payments, if performance targets were met, would not significantly impact the Company’s financial position or results of operations.

 

A-49

Table of Contents
This excerpt taken from the CCO 10-K filed Mar 2, 2009.

Acquisition Summary

The following is a summary of the assets and liabilities acquired and the consideration given for all acquisitions made during 2008 and 2007. Due to the timing of certain acquisitions, the purchase price allocation is preliminary pending completion of third-party appraisals and other fair value analysis of assets and liabilities.

 

(In thousands)    Post-Merger
2008		     Pre-Merger
2007		  

Cash

    $ 112     $ —    

Accounts receivable

      104       —    

Property, plant and equipment

      17,468       29,654  

Permits

      8,065       13,634  

Definite-lived intangibles

      42,941       3,014  

Goodwill

      8,814       34,094  

Other assets

      8,585       1,453  
                
     86,089       81,849  

Other liabilities

      (9,101 )     (11,347 )

Minority interests

      7,865       101  

Deferred tax

      (6,696 )     (1,544 )
                
     (7,932 )     (12,790 )

Plus accrued earnout paid

      25,053       —    

Less fair value of assets exchanged

      (6,600 )     —    
                

Total cash consideration

      96,610       69,059  

Less cash received

      (112 )     —    
                

Net cash paid for acquisitions

    $ 96,498     $ 69,059  
                

The Company has entered into certain agreements relating to acquisitions that provide for purchase price adjustments and other future contingent payments based on the financial performance of the acquired company. The Company will continue to accrue additional amounts related to such contingent payments if and when it is determinable that the applicable financial performance targets will be met. The aggregate of these contingent payments, if performance targets were met, would not significantly impact the Company’s financial position or results of operations.

 

78

Table of Contents

EXCERPTS ON THIS PAGE:

DEF 14A
Apr 30, 2009
10-K
Mar 2, 2009

RELATED TOPICS for CCO:

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