SEGMENT INFORMATION (Tables)

6 Months Ended

Jun. 30, 2022

Schedule of Segment Reporting Information

Information on segments and reconciliations to consolidated revenues, consolidated operating income and consolidated depreciation and amortization were as follows for the three and six months ended June 30, 2022 and 2021:


	Three Months Ended				Six Months Ended
	June 30, 2022		June 30, 2021		June 30, 2022		June 30, 2021

	(in thousands)

Revenues:(1)
Merchant Solutions	$	1,581,716	$	1,426,755	$	3,054,735	$	2,694,627
Issuer Solutions	534,471		505,932		1,045,972		1,006,183
Business and Consumer Solutions	187,632		227,355		383,404		470,941
Intersegment eliminations	(22,913)		(22,605)		(46,951)		(44,307)
Consolidated revenues	$	2,280,906	$	2,137,437	$	4,437,160	$	4,127,444

Operating income (loss)(1):
Merchant Solutions	$	535,359	$	437,293	$	979,889	$	777,283
Issuer Solutions	67,715		74,806		125,816		143,262
Business and Consumer Solutions	31,726		42,283		65,385		104,205
Corporate(2)	(179,372)		(191,824)		(339,715)		(386,933)
Impairment of goodwill(3)	(833,075)		—		(833,075)		—
Loss on business dispositions(4)	(152,211)		—		(152,211)		—
Consolidated operating income (loss)	$	(529,858)	$	362,558	$	(153,911)	$	637,817

Depreciation and amortization:(1)
Merchant Solutions	$	248,891	$	248,503	$	498,852	$	499,099
Issuer Solutions	153,457		145,691		305,580		290,300
Business and Consumer Solutions	20,268		21,938		40,536		43,858
Corporate	4,960		5,912		11,280		14,359
Consolidated depreciation and amortization	$	427,576	$	422,044	$	856,248	$	847,616

(1) Revenues, operating income (loss) and depreciation and amortization reflect the effects of acquired businesses from the respective acquisition dates and the effects of divested businesses through the respective disposal dates. See “Note 2—Acquisition” and “Note 3—Business Dispositions” for further discussion.

(2) Operating loss for Corporate included acquisition and integration expenses of $61.4 million and $76.8 million during the three months ended June 30, 2022 and 2021, respectively. Operating loss for Corporate included acquisition and integration expenses of $109.5 million and $167.0 million during the six months ended June 30, 2022 and 2021, respectively.

(3) During the three and six months ended June 30, 2022, consolidated operating loss included a $833.1 million goodwill impairment charge related to the Business and Consumer Solutions reporting unit. See “Note 5—Goodwill and Other Intangible Assets” for further discussion.

(4) During the three and six months ended June 30, 2022, consolidated operating loss included a $127.2 million loss on the sale of our Merchant Solutions business in Russia and a charge for the estimated costs to sell our consumer business.