XML 66 R27.htm IDEA: XBRL DOCUMENT v3.22.4
Acquisitions (Tables)
12 Months Ended
Dec. 31, 2022
Business Combination and Asset Acquisition [Abstract]  
Schedule of business acquisition pro forma information These operating expenditures have been reflected within the results of operations in the Pro Forma Financial Information as if they were incurred on January 1, 2021.
 YEAR ENDED DECEMBER 31,
 20222021
Total Revenues$5,121,548 $4,939,511 
Income from Continuing Operations571,381 391,625 
Schedule of recognized identified assets acquired and liabilities assumed
A summary of the cumulative consideration paid and the allocation of the purchase price paid for all of our acquisitions (including asset acquisitions) in each respective year is as follows:
202220212020
ITRENEW
OTHER FISCAL
YEAR 2022
ACQUISITIONS
TOTAL
TOTALTOTAL
Cash Paid (gross of cash acquired)(1)
$749,596 $85,170 $834,766 $224,192 $124,614 
Fair Value of Noncontrolling Interests
— — — 3,878 — 
Deferred Purchase Obligation, Purchase Price Holdbacks and Other(2)
275,100 13,637 288,737 2,534 — 
Fair Value of Investments Applied to Acquisitions— — — — 27,276 
Total Consideration1,024,696 98,807 1,123,503 230,604 151,890 
Fair Value of Identifiable Assets Acquired and Liabilities Assumed:
Cash30,694 963 31,657 20,194 6,545 
Accounts Receivable, Prepaid Expenses and Other Assets
71,612 3,947 75,559 26,911 16,559 
Property, Plant and Equipment7,541 93,722 101,263 150,095 52,021 
Customer and Supplier Relationship Intangible Assets(3)
487,600 3,672 491,272 35,181 79,065 
Data Center Lease-Based Intangible Assets(4)
— 1,442 1,442 9,656 — 
Other Intangible Assets(5)
47,300 — 47,300 — — 
Operating Lease Right-of-Use Assets29,545 3,135 32,680 40,848 100,040 
Debt Assumed— — — (9,026)(27,363)
Accounts Payable, Accrued Expenses and Other Liabilities(60,157)(2,069)(62,226)(22,733)(19,564)
Operating Lease Liabilities(29,545)(3,135)(32,680)(40,848)(100,040)
Deferred Income Taxes(100,922)(10,143)(111,065)(7,221)(9,631)
Total Fair Value of Identifiable Net Assets Acquired483,668 91,534 575,202 203,057 97,632 
Goodwill Initially Recorded
$541,028 $7,273 $548,301 $27,547 $54,258 
(1)Cash paid for acquisitions, net of cash acquired in our Consolidated Statement of Cash Flows includes contingent and other payments of $581, $0 and $512 for the years ended December 31, 2022, 2021 and 2020, respectively, related to acquisitions made in the years prior to 2022, 2021 and 2020, respectively.
(2)In 2022, Deferred purchase obligation, purchase price holdbacks and other includes $275,100 related to the original fair value estimate of the Deferred Purchase Obligation for the Remaining Interests and approximately $13,600 of deferred purchase obligation, purchase price holdbacks and other associated with our other business and asset acquisitions completed in 2022.
(3)The weighted average lives of customer and supplier relationship intangible assets associated with acquisitions in 2022, 2021 and 2020 was 12 years, 11 years and 14 years, respectively.
(4)The weighted average lives of data center Iease-based intangible assets associated with acquisitions in 2022 and 2021 was four years and five years, respectively.
(5)The weighted average lives of other intangible assets associated with acquisitions in 2022 was five years.