Business Combinations (Tables)

12 Months Ended

Dec. 31, 2019

Business Combinations [Abstract]

Schedule of purchase price allocation

The following table presents the purchase price allocation, as adjusted, recorded in the Company's consolidated balance sheet as of December 31, 2019.

	Total
	(In thousands)
Cash and cash equivalents	$	156,783
Accounts receivable and other current assets	11,635
Property and equipment, net	38,350
Operating right-of-use asset	33,742
Intangible assets (1)	483,000
Other assets	1,664
Goodwill	2,235,193
Accounts payable and other liabilities	(11,114		)
Operating lease liability	(32,568		)
Finance lease liability	(13,616		)
Note payable	(5,387		)
Deferred tax liability	(56,230		)
Total purchase price	$	2,841,452

^{__________________________} 

⁽¹⁾ Identifiable intangible assets are comprised of the following:

	Total		Estimated life
	(In thousands)		(In years)
Developed technology	$	294,000	7
Customer relationships	169,000		7
Trade names	20,000		5
Total intangible assets acquired	$	483,000

The following table summarizes the preliminary purchase price allocation in aggregate for the other business acquired in fiscal 2019 recorded in the Company's consolidated balance sheet as of December 31, 2019:

	Total
	(In thousands)
Net liabilities	$	(3,219	)
Intangible assets (1)	22,986
Goodwill	23,425
Total preliminary purchase price	$	43,192

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⁽¹⁾ Identifiable intangible assets were comprised of the following:

	Total		Estimated life
	(In thousands)		(In years)
Developed technology	$	11,771	4 - 6
Customer relationships	5,185		3 - 5
Telecommunication licenses	4,370		Indefinite
Supplier relationships	1,660		2
Total intangible assets acquired	$	22,986

The following table presents the purchase price allocation recorded in the Company's consolidated balance sheet as of December 31, 2018:

	Total
	(In thousands)
Net liabilities	$	(1,538	)
Intangible assets (1)	9,920
Goodwill (2)	13,375
Total purchase price	$	21,757

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⁽¹⁾  Identifiable intangible assets were comprised of the following:

	Total		Estimated life
	(In thousands)		(In years)
Developed technology	$	9,090	4
Customer relationships	830		2
Total intangible assets acquired	$	9,920

⁽²⁾ 

The goodwill is primarily attributable to the future cash flows to be realized from the acquired technology platform as well as operational synergies. The Company has filed for the elections that make the goodwill deductible for U.S. tax purposes.

The following table presents the purchase price allocation recorded in the Company's consolidated balance sheet:

	Total
	(In thousands)
Net liabilities	$	(3,575	)
Intangible assets (1)	13,700
Goodwill (2)	12,837
Total purchase price	$	22,962

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⁽¹⁾  Identifiable intangible assets were comprised of the following:

	Total		Estimated life
	(In thousands)		(In years)
Developed technology	$	5,000	4
Customer relationships	6,100		7 - 8
Supplier relationships	2,600		5
Total intangible assets acquired	$	13,700

⁽²⁾ 

Goodwill represents the excess of purchase price over the fair value of identifiable tangible and intangible assets acquired and liabilities assumed. The goodwill in this transaction was primarily attributable to the future cash flows to be realized from the acquired technology platform, existing customer and supplier relationships as well as operational synergies. Goodwill is deductible for tax purposes.

The following table presents the purchase price allocation recorded in the Company's consolidated balance sheet as of December 31, 2018:

	Total
	(In thousands)
Net liabilities	$	(313	)
Intangible assets (1)	4,500
Goodwill (2)	6,869
Total purchase price	$	11,056

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⁽¹⁾  Identifiable intangible assets were comprised of the following:

	Total		Estimated life
	(In thousands)		(In years)
Developed technology	$	3,910	4
Customer relationships	590		0.5
Total intangible assets acquired	$	4,500

⁽²⁾ 

The goodwill is primarily attributable to the future cash flows to be realized from the operating synergies between the acquired technology platform and the Company's Programmable Wireless products. The Company has filed for the elections that make the goodwill deductible for U.S. tax purposes.

Purchase price components

The purchase price components, as adjusted, are summarized in the following table:

	Total
	(In thousands)
Fair value of Class A common stock transferred	$	2,658,898
Fair value of the pre-combination service through equity awards	182,554
Total purchase price, as adjusted	$	2,841,452

Schedule of identifiable finite-lived intangible assets

⁽¹⁾ Identifiable intangible assets are comprised of the following:

	Total		Estimated life
	(In thousands)		(In years)
Developed technology	$	294,000	7
Customer relationships	169,000		7
Trade names	20,000		5
Total intangible assets acquired	$	483,000

Schedule of pro forma information

The following table presents the pro forma condensed combined financial information:

	Year Ended December 31,
	2019			2018
	(Unaudited, in thousands)
Revenue	$	1,148,214		$	796,607
Net loss attributable to common stockholders	$	(322,030	)	$	(211,705	)