ACQUISITIONS (Tables)

9 Months Ended

Sep. 30, 2020

Schedule of Assets Acquired and Liabilities Assumed

The estimated acquisition-date fair values of major classes of assets acquired and liabilities assumed, including a reconciliation to the total purchase consideration, were as follows:


	Provisional Amounts at December 31, 2019		Measurement-Period Adjustments		Final Amounts at September 30, 2020

	(in thousands)

Cash and cash equivalents	$	446,009	$	—	$	446,009
Accounts receivable	442,848		(2,660)		440,188
Identified intangible assets	10,980,000		978		10,980,978
Property and equipment	644,084		(978)		643,106
Other assets	1,474,825		(2,969)		1,471,856
Accounts payable and accrued liabilities	(614,060)		(11,899)		(625,959)
Debt	(3,295,342)		4,787		(3,290,555)
Deferred income tax liabilities	(2,687,849)		52,598		(2,635,251)
Other liabilities	(314,415)		(173)		(314,588)
Total identifiable net assets	7,076,100		39,684		7,115,784
Goodwill	17,398,853		(39,684)		17,359,169
Total purchase consideration	$	24,474,953	$	—	$	24,474,953

Schedule of Unaudited Pro Forma Information

The following unaudited pro forma information shows the results of our operations for the three and nine months ended September 30, 2019 as if the Merger had occurred on January 1, 2018. The unaudited pro forma information is presented for informational purposes only and is not necessarily indicative of what would have occurred if the Merger had occurred as of that date. The unaudited pro forma information is also not intended to be a projection of future results due to the integration of TSYS. The unaudited pro forma information reflects the effects of applying our accounting policies and certain pro forma adjustments to the combined historical financial information of Global Payments and TSYS.


	Three Months Ended September 30, 2019				Nine Months Ended September 30, 2019
	Actual		Pro Forma		Actual		Pro Forma

	(in thousands)

Total revenues	$	1,105,941	$	1,993,089	$	2,924,131	$	5,866,522
Net income attributable to Global Payments	$	95,044	$	219,010	$	327,842	$	614,317