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Acquisitions (Tables) | 9 Months Ended
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Sep. 30, 2023
Business Combination and Asset Acquisition [Abstract] |
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 acquisitions closed during the nine months ended September 30, 2023 is as follows:
| NINE MONTHS ENDED SEPTEMBER 30, 2023
Cash Paid (gross of cash acquired)(1) | $ | 88,518 |
Deferred Purchase Obligation, Purchase Price Holdbacks and Other | 4,790 |
Fair Value of Previously Held Equity Interest(2) | 99,718 |
Fair Value of Noncontrolling Interest(2) | 78,598 |
Settlement of Pre-Existing Relationships | 21,641 |
Total Consideration | 293,265 |
Fair Value of Identifiable Assets Acquired: |
Cash and Cash Equivalents | 58,393 |
Accounts Receivable, Prepaid Expenses and Other Assets | 27,561 |
Property, Plant and Equipment | 118,438 |
Customer and Supplier Relationship Intangible Assets(3) | 29,029 |
Data Center Lease-Based Intangible Assets(4) | 18,161 |
Data Center Tenant Relationships(5) | 22,701 |
Other Intangible Assets | 2,180 |
Operating Lease Right-of-Use Assets | 27,272 |
Fair Value of Identifiable Liabilities Assumed | (86,999) |
Goodwill Initially Recorded(6) | $ | 76,529 |
(1)Cash paid for acquisitions, net in our Condensed Consolidated Statement of Cash Flows includes (i) cash acquired of $58,393 relating to acquisitions completed during the nine months ended September 30, 2023 and (ii) contingent and other payments of $3,807 for the nine months ended September 30, 2023 relating to acquisitions completed prior to January 1, 2023. (2)The fair values of the previously held equity interest and the noncontrolling interest were determined to be the respective interest’s proportionate share of the fair value of net assets acquired, as of the acquisition date. (3)The preliminary weighted average life of the customer and supplier relationship intangible assets acquired is approximately 5 years. (4)The preliminary weighted average life of the data center lease-based intangible assets is approximately 4 years. (5)The preliminary weighted average life of the data center tenant relationships is approximately 4 years. (6)Goodwill 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.
Schedule of 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.
| THREE MONTHS ENDED SEPTEMBER 30, 2022 | NINE MONTHS ENDED SEPTEMBER 30, 2022 |  |
Total Revenues | $ | 1,286,945 |  | $ | 3,842,499 |  |  |  |  |  |  |
Income from Continuing Operations | $ | 192,931 |  | $ | 436,627 |  |  |  |  |  |  |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(3) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-2 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479907/805-20-50-1 + Details
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