Acquisitions (Tables)

3 Months Ended

Mar. 31, 2018

Business Acquisition, Pro Forma Information



	Three Months Ended March 31,
	2017		2018
Total Revenues	$	973,757	$	1,045,929
Income from Continuing Operations	$	17,431	$	55,181
Per Share Income from Continuing Operations - Basic	$	0.06	$	0.19
Per Share Income from Continuing Operations - Diluted	$	0.06	$	0.19

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

A summary of the cumulative consideration paid and the preliminary allocation of the purchase price paid for all of our 2018 acquisitions through March 31, 2018 is as follows:



	IODC Transaction				Other Fiscal Year 2018 Acquisitions (excluding IODC)			Total
Cash Paid (gross of cash acquired)(1)	$	1,347,046			$	112,947		$	1,459,993
Purchase price holdbacks	—				149			149
Total Consideration	1,347,046				113,096			1,460,142
Fair Value of Identifiable Assets Acquired:
Cash	34,227				—			34,227
Accounts Receivable and Prepaid Expenses	7,070				558			7,628
Property, Plant and Equipment(2)	863,027				111,267			974,294
Customer Relationship Intangible Assets	—				1,593			1,593
Data Center In-Place Leases	128,513				9,492			138,005
Data Center Tenant Relationships	102,850				—			102,850
Data Center Above-Market Leases	16,439				—			16,439
Accounts Payable, Accrued Expenses and Other Liabilities	(23,198		)		—			(23,198		)
Deferred Income Taxes	—				(9,814		)	(9,814		)
Data Center Below-Market Leases	(11,421		)		—			(11,421		)
Total Fair Value of Identifiable Net Assets Acquired	1,117,507			1,117,507	113,096			1,230,603
Goodwill Initially Recorded(3)	$	229,539			$	—		$	229,539

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(1)

Included in cash paid for acquisitions in the Condensed Consolidated Statement of Cash Flows for the three months ended March 31, 2018 is net cash acquired of $34,227 and contingent and other payments, net of $3,208 related to acquisitions made in previous years. The cash paid for the Accrued Purchase Price for the Santa Fe China Transaction is included in cash flows from financing activities (as a component of repayment of revolving credit, term loan and bridge facilities and other debt) in the Condensed Consolidated Statement of Cash Flows for the three months ended March 31, 2018.


(2)	Consists primarily of building, building improvements, leasehold improvements, racking structures and warehouse equipment. These assets are depreciated using the straight-line method with the useful lives as noted in Note 2.f. to Notes to Consolidated Financial Statements included in our Annual Report.

(3) The goodwill associated with acquisitions is primarily attributable to the assembled workforce, expanded market opportunities and costs and other operating synergies anticipated upon the integration of the operations of us and the acquired businesses.