ACQUISITIONS (Tables)

3 Months Ended

Mar. 31, 2020

Schedule of acquisition and merger related costs

During the three months ended March 31, 2020 and 2019, the Company recorded acquisition and merger related expenses for business combinations and non-capitalized asset acquisition costs and integration costs as follows:


	Three Months Ended March 31,
	2020		2019
Acquisition and merger related expenses	$	7.6	$	2.0
Integration costs	$	6.6	$	4.1

Schedule of recognized identified assets acquired and liabilities assumed

The following table summarizes the allocations of the purchase prices for the fiscal year 2020 acquisitions based upon their estimated fair value at the date of acquisition:


	Allocation (1)
Current assets	$	0.3

Property and equipment	25.9
Intangible assets (2):
Tenant-related intangible assets	14.1
Network location intangible assets	4.2
Other intangible assets	1.3
Other non-current assets	10.6
Current liabilities	(0.9)
Deferred tax liability	—
Other non-current liabilities	(4.6)
Net assets acquired	50.9
Goodwill	—
Fair value of net assets acquired	50.9
Debt assumed	—
Purchase price	$	50.9

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(1) Includes 7 sites in Peru held pursuant to long-term finance leases.

(2) Tenant-related intangible assets and network location intangible assets are amortized on a straight-line basis over periods of up to 20 years.

Schedule of pro forma information

The following table presents the unaudited pro forma financial results as if the 2020 acquisitions had occurred on January 1, 2019 and the 2019 acquisitions had occurred on January 1, 2018. The pro forma results do not include any anticipated cost synergies, costs or other integration impacts. Accordingly, such pro forma amounts are not necessarily indicative of the results that actually would have occurred had the transactions been completed on the date indicated, nor are they indicative of the future operating results of the Company.


	Three Months Ended March 31,
	2020		2019
Pro forma revenues	$	1,993.8	$	1,899.3
Pro forma net income attributable to American Tower Corporation common stockholders	$	414.9	$	380.3
Pro forma net income per common share amounts:
Basic net income attributable to American Tower Corporation common stockholders	$	0.94	$	0.86
Diluted net income attributable to American Tower Corporation common stockholders	$	0.93	$	0.86