Business Combinations and Deconsolidation (Tables)

12 Months Ended

Dec. 31, 2020

Business Combinations and Deconsolidation

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	$	190,970
Build and improvements		3,166,988
Construction in progress and space held for development		397,825
Operating lease right-of-use assets		553,987
Goodwill		4,338,711
Customer relationship value and other intangibles (1)		1,052,811
Debt assumed		(1,662,276)
Finance lease obligations		(47,797)
Operating lease liabilities		(553,987)
Deferred tax liability, net		(535,990)
Working capital liabilities, net		(24,738)
Total purchase consideration		6,876,504
Assumed cash and cash equivalents		108,548
Total equity consideration	$	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)
	Year Ended December 31,
Digital Realty Trust, Inc.	2020		2019
Total revenue	$	4,051,608	$	3,758,054
Net income available to common stockholders (1)	$	323,889	$	267,600

	Pro forma (unaudited, in thousands)
	Year Ended December 31,
Digital Realty Trust, L.P.	2020		2019
Total revenue	$	4,051,608	$	3,758,054
Net income available to common unitholders (1)	$	333,389	$	288,700

(1) Pro forma net income available to common stockholders/unitholders was adjusted to exclude $65.7 million of merger-related costs incurred by the Company during the year ended December 31, 2020 and to include these charges for the year ended December 31, 2019.