SEGMENT INFORMATION

3 Months Ended

Mar. 31, 2020

We operate in three reportable segments: Merchant Solutions, Issuer Solutions and Business and Consumer Solutions. We evaluate performance and allocate resources based on the operating income of each operating segment. The operating income of each operating segment includes the revenues of the segment less expenses that are directly related to those revenues. Operating overhead, shared costs and share-based compensation costs are included in Corporate. Interest and other income, interest and other expense, income tax expense and equity in income of equity method investments, net of tax, are not allocated to the individual segments. We do not evaluate the performance of or allocate resources to our operating segments using asset data. The accounting policies of the reportable operating segments are the same as those described in our Annual Report on Form 10-K for the year ended December 31, 2019 and our summary of significant accounting policies in "Note 1 - Basis of Presentation and Summary of Significant Accounting Policies."

In connection with an organizational realignment implemented during the fourth quarter of 2019, the presentation of segment information for the three months ended March 31, 2019 has been recast to align with the segment presentation for the three months ended March 31, 2020. Information on segments and reconciliations to consolidated revenues, consolidated operating income and consolidated depreciation and amortization was as follows for the three months ended March 31, 2020 and 2019:



	Three Months Ended
	March 31, 2020			March 31, 2019



Revenues⁽¹⁾:
Merchant Solutions	$	1,215,269		$	877,783
Issuer Solutions	503,762			5,256
Business and Consumer Solutions	203,946			—
Segment revenues	1,922,977			883,039
Less: Intersegment Eliminations	(19,379		)	—
Consolidated revenues	$	1,903,598		$	883,039

Operating income (loss)⁽¹⁾⁽²⁾:
Merchant Solutions	$	304,153		$	238,129
Issuer Solutions	59,304			3,439
Business and Consumer Solutions	31,112			—
Corporate	(150,590		)	(42,076		)
Consolidated operating income	$	243,979		$	199,492

Depreciation and amortization⁽¹⁾:
Merchant Solutions	$	233,021		$	147,385
Issuer Solutions	136,737			182
Business and Consumer Solutions	23,641			—
Corporate	4,419			1,063
Consolidated depreciation and amortization	$	397,818		$	148,630

⁽¹⁾Revenues, operating income and depreciation and amortization reflect the effects of acquired businesses from the respective acquisition dates. For further discussion of our acquisitions, see "Note 2—Acquisitions."

⁽²⁾During the three months ended March 31, 2020, operating income for our Merchant Solutions segment reflected the effect of acquisition and integration expenses of $2.2 million. Operating loss for Corporate included acquisition and integration expenses of $69.7 million and $5.3 million, during the three months ended March 31, 2020 and 2019, respectively.