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Acquisitions (Tables)

6 Months Ended

Jun. 30, 2017

The following table sets forth the unaudited pro forma combined results of operations for the three and six months ended June 30, 2017 and 2016 (in thousands, except per share amounts):



	Three months ended June 30,				Six months ended June 30,
	2017		2016		2017		2016
Revenues	$	1,101,848	$	1,010,833	$	2,157,653	$	1,965,312
Net income (loss) from continuing operations	74,831		30,673		124,160		(58,993		)
Basic EPS	0.96		0.40		1.60		(0.79		)
Diluted EPS	0.95		0.40		1.58		(0.79		)

Verizon [Member]

Business Acquisition [Line Items]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

The preliminary purchase price allocation was as follows (in thousands):



Cash and cash equivalents	$	1,073
Accounts receivable	319
Other current assets	7,319
Property, plant, and equipment	837,559
Intangible assets	1,702,900
Goodwill	1,087,571
Total assets acquired	3,636,741
Accounts payable and accrued liabilities	(1,725		)
Other current liabilities	(320		)
Capital lease and other financing obligations	(17,025		)
Deferred tax liabilities	(16,878		)
Other liabilities	(6,107		)
Net assets acquired	$	3,594,686

Acquired Identifiable Intangible Assets

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


(1)	Included in this amount is a customer relationship intangible asset for Verizon totaling $374.8 million. Pursuant to the acquisition agreement, the Company formalized agreements to provide pre-existing space and services to Verizon at the acquired data centers.

Digital Realty [Member]

Business Acquisition [Line Items]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

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



Cash and cash equivalents	$	4,073
Accounts receivable	1,507
Other current assets	794
Property, plant and equipment	143,972
Intangible assets	11,758
Goodwill	48,835
Other assets	81
Total assets acquired	211,020
Accounts payable and accrued liabilities	(2,044		)
Other current liabilities	(2,798		)
Deferred tax liabilities	(42,395		)
Other liabilities	(755		)
Net assets acquired	$	163,028

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)
In-place leases	$	7,485	0.9-9.4	4.3
Favorable leasehold interests	4,273		1.9-6.7	5.3

Telecity Group plc [Member]

Business Acquisition [Line Items]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

he final 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	877,650
Property, plant and equipment	1,058,583
Goodwill	2,215,567
Intangible assets	694,243
Deferred tax assets	994
Other assets	4,102
Total assets acquired	4,989,628
Accounts payable and accrued expenses	(84,367		)
Accrued property, plant and equipment	(3,634		)
Other current liabilities	(27,233		)
Liabilities held for sale	(155,650		)
Capital lease and other financing obligations	(165,365		)
Mortgage and loans payable	(592,304		)
Deferred tax liabilities	(176,168		)
Other liabilities	(40,021		)
Net assets acquired	$	3,744,886

Acquired Identifiable Intangible Assets

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	30,254		2.0 - 25.4	19.7

Intangible Assets

Fair Value

Weighted-average Estimated Useful Lives (Years)

Customer relationships⁽¹⁾