Walter Energy, Inc. | 2013 | FY | 3


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
 

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  

        


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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  
       
       

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