Acquisitions (Tables)

9 Months Ended

Sep. 30, 2016

Schedule of recognized identified assets acquired and liabilities assumed

As of the acquisition date, the preliminary allocation of the purchase price is as follows (in thousands):



Cash and cash equivalents	$	73,368
Accounts receivable	24,042
Other current assets	41,079
Assets held for sale	867,917
Property, plant and equipment	1,058,583
Goodwill	2,216,173
Intangible assets	704,014
Deferred tax assets	1,198
Other assets	4,124
Total assets acquired	4,990,498
Accounts payable and accrued expenses	(90,589		)
Accrued property, plant and equipment	(3,634		)
Other current liabilities	(27,259		)
Liabilities held for sale	(156,171		)
Capital lease and other financing obligations	(162,359		)
Mortgage and loans payable	(592,304		)
Deferred tax liabilities	(177,715		)
Other liabilities	(35,581		)
Net assets acquired	$	3,744,886

The preliminary purchase price allocation, which excludes settlement of the Paris 3 financing obligations, was as follows (in thousands):



Cash and cash equivalent	$	4,073
Accounts receivable	1,507
Other current assets	794
Property, plant, and equipment	138,568
Intangible assets	11,758
Goodwill	45,187
Other assets	82
Total assets acquired	201,969
Accounts payable and accrued liabilities	(2,044		)
Other current liabilities	(2,798		)
Deferred tax liabilities	(32,687		)
Other liabilities	(790		)
Net assets acquired	$	163,650

Based upon the purchase price and the valuation of Bit-isle, the purchase price allocation was as follows (in thousands):



Cash and cash equivalents	$	33,198
Accounts receivable	7,359
Other current assets	51,038
Long-term investments	3,806
Property, plant and equipment	308,985
Goodwill	95,444
Intangible assets	111,374
Other assets	22,981
Total assets acquired	634,185
Accounts payable and accrued expenses	(15,028		)
Accrued property, plant and equipment	(465		)
Capital lease and other financing obligations	(108,833		)
Mortgage and loans payable	(190,227		)
Other current liabilities	(8,689		)
Deferred tax liabilities	(32,192		)
Other liabilities	(3,384		)
Net assets acquired	$	275,367

Acquired identifiable intangible assets

The following table presents certain information on the acquired identifiable intangible assets (dollars in thousands):



Intangible assets	Fair value		Estimated useful lives (years)	Weighted-average estimated useful lives (years)
Customer relationships	$	105,434	13	13
Trade name	3,455		2	2
Favorable solar contracts	2,410		18	18
Other intangible assets	75		0.25	0.25

The following table presents certain information on the acquired intangible assets (dollars in thousands):



Intangible assets	Fair value		Estimated useful lives (years)	Weighted-average estimated useful lives (years)
Customer relationships	$	591,956	13.5	13.5
Trade names	72,033		1.5	1.5
Favorable leases	40,025		2.0 - 25.4	19.2

The following table presents certain information on the acquired identifiable intangible assets (dollars in thousands):



Intangible assets	Fair value		Estimated useful lives (years)	Weighted-average estimated useful lives (years)
In-place leases	$	7,485	0.9 - 9.4	4.3
Favorable leasehold interests	4,273		1.9 - 6.7	5.3

Unaudited pro forma combined consolidated statements of operations

The following table sets forth the unaudited pro forma consolidated combined results of operations for the three and nine months ended September 30, 2015 (in thousands):



	Three months ended September 30,		Nine months ended September 30,
	2015		2015
Revenues	$	819,423	$	2,387,117
Net income from continuing operations	61,243		153,488
Basic EPS	0.96		2.41
Diluted EPS	0.95		2.38