On the Record · USG
USG acquisitions, on the record
The businesses USG bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
L&WWord for word“On October 31, 2016, we completed the sale of our L&W business to ABC Supply for total cash consideration of $675 million inclusive of the final working capital adjustment and recorded a gain on the sale of $279 million .” 10-K for 2016 | divestiture | On October 31, 2016 | $675 million |
two self-unloading ocean vessels owned by GTLWord for word“In April 2015, we completed the sale of our two self-unloading ocean vessels owned by GTL for $42 million and recorded a gain of $7 million on the disposition.” 10-K for 2016 | divestiture | In April 2015 | $42 million |
Knauf-USG joint venture equity method investmentWord for word“On December 22, 2015, we completed the sale and, as a result, we terminated the outstanding foreign exchange forward contract and reclassified the $1 million net gain realized for these contracts from AOCI to earnings which increased the gain on the sale of the equity method investment.” 10-K for 2016 | divestiture | on December 22, 2015 | — |
Ceilings PlusWord for word“On November 30, 2017, we completed our acquisition of Ceilings Plus for $52 million with an expected working capital adjustment to be measured and recorded in 2018.” 10-K for 2017 | acquisition | On November 30, 2017 | $52 million |
L&W distribution businessWord for word“On October 31, 2016, we completed the sale of our L&W distribution business to ABC Supply for total cash consideration of $675 million inclusive of the final working capital adjustment and recorded a gain on the sale of $279 million .” 10-K for 2017 | divestiture | On October 31, 2016 | total cash consideration of $675 million |
Gypsum Transportation Limited vesselsWord for word“In the second quarter of 2015, we sold our two self-unloading ocean vessels previously owned by Gypsum Transportation Limited, or GTL, for $42 million and recorded a gain of $7 million on the disposition and incurred charges of $6 million to exit our shipping operations.” 10-K for 2017 | divestiture | In the second quarter of 2015 | $42 million |
Knauf-USG joint ventureWord for word“On December 22, 2015, we completed the sale of our Knauf-USG joint venture and, as a result, we terminated the outstanding foreign exchange forward contracts and reclassified a $1 million net gain realized for these contracts from AOCI to earnings which increased the gain on the sale of the equity method investment.” 10-K for 2017 | divestiture | On December 22, 2015 | — |
interest in a joint venture in South AfricaWord for word“During 2018, we recorded a loss of $8 million on the sale of our interest in a joint venture in South Africa, inclusive of $4 million of deferred currency loss and $2 million of net losses on foreign currency transactions offset by the non-service cost components of pension and postretirement plans of $18 million.” 10-K for 2018 | divestiture | 2018 | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) |
|---|---|
| 2016-12-31 | $0 |
| 2017-12-31 | $52 million |
| 2018-12-31 | −$2 million |
Deal filings since 2016
- 2019-04-24 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2018-06-11 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-05-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-05-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-02-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-11-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-11-01 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2016-08-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-08-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from USG’s annual reports (10-K for 2018, 10-K for 2017, 10-K for 2016) and the financial data it files with the SEC, as of 2019-02-14. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.