Acquisitions (Tables)

12 Months Ended

Dec. 31, 2019

The final 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

⁽¹⁾

The nature of the intangible assets acquired is customer relationships with an estimated useful life of 15 years. Included in this amount is a customer relationship intangible asset for Verizon totaling $245.3 million. Pursuant to the acquisition agreement, the Company formalized agreements to provide pre-existing space and services to Verizon at the acquired data centers.

The final purchase price allocations for the three acquisitions are 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	64,499			58,931			40,251
Intangible assets	101,755			7,900			6,252
Goodwill	127,711			21,834			15,804
Deferred tax assets	—			—			6,714
Other assets	4,025			313			3,396
Total assets acquired	331,963			96,298			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	(3,198		)	(2,227		)	—
Other liabilities	(7,515		)	(614		)	(828		)
Net assets acquired	$	259,111		$	91,994		$	36,301

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



	Metronode			Infomart Dallas
Cash and cash equivalents	$	3,206		$	17,432
Accounts receivable	8,318			637
Other current assets	9,421			395
Property, plant and equipment	297,092			362,023
Intangible assets	128,229			65,847
Goodwill	410,188			197,378
Other assets ⁽¹⁾	44,373			—
Total assets acquired	900,827			643,712
Accounts payable and accrued liabilities	(17,104		)	(5,056		)
Other current liabilities	(2,038		)	(2,141		)
Deferred tax liabilities	(31,281		)	—
Other liabilities ⁽¹⁾	(45,851		)	(4,723		)
Net assets acquired	$	804,553		$	631,792

⁽¹⁾

In connection with the Metronode Acquisition, the Company recorded indemnification assets of $44.4 million, which represented the seller's obligation under the purchase agreement to reimburse pre-acquisition tax liabilities settled after the acquisition.

Acquired Identifiable Intangible Assets

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



Intangible Assets	Fair Value		Estimated Useful Lives (Years)	Weighted-average Estimated Useful Lives (Years)
Customer relationships (Metronode)	$	128,229	20.0	20.0
Customer relationships (Infomart Dallas)	35,860		20.0	20.0
In-place leases (Infomart Dallas)	19,960		3.6 - 7.5	6.8
Trade names (Infomart Dallas)	9,552		20.0	20.0
Favorable leases (Infomart Dallas)	475		3.6 - 7.5	7.0