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SEGMENT INFORMATION
 6 Months Ended
Jun. 30, 2020
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION

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 and six months ended June 30, 2019 has been recast to align with the current segment presentation. Information on segments and reconciliations to consolidated revenues, consolidated operating income and consolidated depreciation and amortization was as follows for the three and six months ended June 30, 2020 and 2019:
 
Three Months Ended
 
Six Months Ended
 
June 30, 2020
 
June 30, 2019
 
June 30, 2020
 
June 30, 2019
 
 
 
 
 
 
 
 
 
(in thousands)
 
 
 
 
 
 
 
 
Revenues(1):
 
 
 
 
 
 
 
Merchant Solutions
$
1,001,555

 
$
929,914

 
$
2,216,824

 
$
1,807,696

Issuer Solutions
470,025

 
5,238

 
973,787

 
10,494

Business and Consumer Solutions
216,722

 
—

 
420,668

 
—

Intersegment eliminations
(16,350
)
 
—

 
(35,729
)
 
—

 Consolidated revenues
$
1,671,952

 
$
935,152

 
$
3,575,550

 
$
1,818,190

 
 
 
 
 
 
 
 
Operating income (loss)(1)(2):
 
 
 
 
 
 
 
Merchant Solutions
$
175,078

 
$
283,411

 
$
479,231

 
$
521,540

Issuer Solutions
58,027

 
3,596

 
117,331

 
7,035

Business and Consumer Solutions
48,195

 
—

 
79,307

 
—

Corporate
(173,726
)
 
(65,281
)
 
(324,316
)
 
(107,357
)
Consolidated operating income
$
107,574

 
$
221,726

 
$
351,553

 
$
421,218

 
 
 
 
 
 
 
 
Depreciation and amortization(1):
 
 
 
 
 
 
 
Merchant Solutions
$
236,840

 
$
143,914

 
$
469,862

 
$
291,299

Issuer Solutions
136,254

 
164

 
272,991

 
346

Business and Consumer Solutions
24,114

 
—

 
47,755

 
—

Corporate
5,467

 
1,045

 
9,885

 
2,108

 Consolidated depreciation and amortization
$
402,675

 
$
145,123

 
$
800,493

 
$
293,753




(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 June 30, 2020 and 2019, operating income for our Merchant Solutions segment reflected the effect of acquisition and integration expenses of $4.4 million and $3.7 million, respectively. Operating loss for Corporate included acquisition and integration expenses of $80.7 million and $10.5 million during the three months ended June 30, 2020 and 2019, respectively. During the six months ended June 30, 2020 and 2019, operating income for our Merchant
Solutions segment reflected the effect of acquisition and integration expenses of $6.6 million and $8.4 million, respectively. Operating loss for Corporate included acquisition and integration expense of $150.4 million and $11.1 million during the six months ended June 30, 2020 and 2019, respectively.