Acquisitions (Tables)

12 Months Ended

Dec. 31, 2017

Unaudited Pro Forma Combined Consolidated Statements of Operations

The following table sets forth the unaudited pro forma consolidated combined results of operations for the years ended December 31, 2017, 2016 and 2015 (in thousands):



	2017		2016		2015
Revenues	$	4,509,602	$	4,053,280	$	3,244,349
Net income from continuing operations	258,618		19,248		141,496
Basic EPS	3.31		0.25		2.10
Diluted EPS	3.28		0.25		2.08

Verizon

Business Acquisition [Line Items]

Preliminary Purchase Price Allocation

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



	Certain Verizon Data Center Assets
Cash and cash equivalents	$	1,073
Accounts receivable	2,019
Other current assets	7,319
Property, plant, and equipment	840,335
Intangible assets ⁽¹⁾	1,693,900
Goodwill	1,095,262
Total assets acquired	3,639,908
Accounts payable and accrued liabilities	(1,725		)
Other current liabilities	(2,020		)
Capital lease and other financing obligations	(17,659		)
Deferred tax liabilities	(18,129		)
Other liabilities	(5,689		)
Net assets acquired	$	3,594,686

Itconic, Zenium and IO

Business Acquisition [Line Items]

Preliminary Purchase Price Allocation

A summary of the allocation of total purchase consideration is presented as follows (in thousands):



	Itconic			Zenium data center			IO UK's data center
Cash and cash equivalents	$	15,659		$	692		$	1,388
Accounts receivable	16,429			198			7
Other current assets	1,885			6,430			1,082
Property, plant, and equipment	68,051			53,749			40,251
Intangible assets	99,993			6,400			6,252
Goodwill	125,112			23,077			15,804
Deferred tax assets	—			—			6,714
Other assets	4,025			5,494			3,396
Total assets acquired	331,154			96,040			74,894
Accounts payable and accrued liabilities	(15,846		)	(1,012		)	(439		)
Other current liabilities	(12,374		)	(451		)	(168		)
Capital lease and other financing obligations	(30,666		)	—			(33,091		)
Loans payable	(3,253		)	—			(4,067		)
Deferred tax liabilities	(2,389		)	(1,969		)	—
Other liabilities	(7,515		)	(614		)	(828		)
Net assets acquired	$	259,111		$	91,994		$	36,301

Telecity Group plc

Business Acquisition [Line Items]

Preliminary Purchase Price Allocation

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



	TelecityGroup
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

Digital Realty

Business Acquisition [Line Items]

Preliminary Purchase Price Allocation

A summary of the allocation of total purchase consideration is presented as follows (in thousands):



	Paris IBX data center
Cash and cash equivalent	$	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

Bit-isle

Business Acquisition [Line Items]

Preliminary Purchase Price Allocation

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



	Bit-isle
Cash and cash equivalent	$	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