Business Combinations (Tables)

9 Months Ended

Sep. 30, 2020

Business Combinations

Summary of Preliminary Fair Value of Assets and Liabilities Acquired

The following table summarizes the acquired assets and liabilities recorded at their fair values as of the acquisition date (in thousands):

	Final
	Amounts
Land	$	159,467
Building and improvements		3,246,522
Construction in progress		273,590
Land held for development		33,447
Operating lease right-of-use assets		556,865
Cash and cash equivalents		108,548
Accounts receivables		218,868
Goodwill		4,443,856
Customer relationship value (1)		1,001,568
Other intangibles		44,943
Revolving credit facility		(130,327)
Mortgage loans		(74,316)
Unsecured debt		(1,457,635)
Accounts payable and other accrued liabilities		(230,585)
Finance lease obligations		(47,957)
Operating lease liabilities		(556,865)
Deferred tax liability, net		(535,990)
Other working capital liabilities, net		(68,947)
Total purchase price	$	6,985,052

(1) The weighted average amortization life for customer relationship value is 20 years.

Pro Forma Financial Information

	Pro forma (unaudited)
	(in thousands)
	Three Months Ended September 30,				Nine Months Ended September 30,
Digital Realty Trust, Inc.	2020		2019		2020		2019
Total revenue	$	1,024,668	$	983,685	$	2,988,999	$	2,949,084
Net (loss) income available to common stockholders (1)	$	(32,236)	$	55,067	$	279,712	$	114,263

	Pro forma (unaudited)
	(in thousands)
	Three Months Ended September 30,				Nine Months Ended September 30,
Digital Realty Trust, L.P.	2020		2019		2020		2019
Total revenue	$	1,024,668	$	983,685	$	2,988,999	$	2,949,084
Net income available to common unitholders (1)	$	(33,236)	$	57,367	$	287,912	$	122,263

(1) Pro forma net (loss) income available to common stockholders/unitholders was adjusted to exclude $5.1 million and $65.7 million of merger-related costs incurred by the Company during the three and nine months ended September 30, 2020 and to include these charges for the three and nine months ended September 30, 2019.