VF Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)

12 Months Ended

Dec. 30, 2017

The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition:



(In thousands)	October 2, 2017
Cash and equivalents	$	60,172
Accounts receivable	146,403
Inventories	251,778
Other current assets	8,447
Property, plant and equipment	105,119
Intangible assets	397,755
Other assets	9,665
Total assets acquired	979,339

Short-term borrowings	17,565
Accounts payable	88,052
Other current liabilities	117,621
Deferred income tax liabilities	15,160
Other non-current liabilities	33,066
Total liabilities assumed	271,464

Net assets acquired	707,875
Goodwill	92,837
Purchase Price	$	800,712

Pro Forma Results

The following unaudited pro forma summary presents consolidated information of VF as if the acquisition of Williamson-Dickie had occurred on January 3, 2016:



(In thousands)	Pro forma year ended December 2017 (unaudited)		Pro forma year ended December 2016 (unaudited)
Total revenues	$	12,475,116	$	11,888,704
Income from continuing operations	763,563		1,097,572
Earnings per common share from continuing operations
Basic	$	1.91	$	2.64
Diluted	1.89		2.60