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ACQUISITIONS (Tables)

9 Months Ended

Sep. 30, 2019

TSYS

Business Acquisition [Line Items]

Schedule of Preliminary Fair Value of Merger Consideration

The fair value of total purchase consideration was determined as follows (in thousands, except per share data):

Shares of TSYS common stock issued and outstanding (including Single-Trigger Awards)		177,643
Exchange Ratio		0.8101
Shares of Global Payments common stock issued to TSYS shareholders		143,909
Price per share of Global Payments common stock		$	163.74
Fair value of common stock issued to TSYS shareholders(1)		23,563,568
Value of Replacement Awards attributable to purchase consideration		207,821
Cash paid to TSYS shareholders in lieu of fractional shares		1,352
Total purchase consideration transferred to TSYS shareholders		23,772,741
Repayment of TSYS's unsecured revolving credit facility (including accrued interest and fees)		702,212
Total purchase consideration		$	24,474,953

⁽¹⁾ Fair value of common stock issued to TSYS shareholders does not equal the product of shares of Global Payments common stock issued to TSYS shareholders and price per share of Global Payments common stock as presented in the table above due to the rounding of the number of shares in thousands.

Schedule of Assets Acquired and Liabilities Assumed

The provisional estimated acquisition-date fair values of major classes of assets acquired and liabilities assumed as of September 30, 2019, including a reconciliation to the total purchase consideration, were as follows (in thousands):

Cash and cash equivalents		$	446,027
Accounts receivable		443,783
Identified intangible assets		11,020,000
Property and equipment		695,560
Other assets		1,476,290
Accounts payable and accrued liabilities		(594,558		)
Debt		(3,295,284		)
Deferred income tax liabilities		(2,843,643		)
Other liabilities		(313,782		)
Total identifiable net assets		7,034,393
Goodwill		17,440,560
Total purchase consideration		$	24,474,953

Schedule of Fair Values of Intangible Assets Acquired and Respective Weighted-Average Amortization Periods

The following table reflects the provisional estimated fair values of the identified intangible assets of TSYS and the respective aggregated weighted-average estimated amortization periods:

	Estimated Fair Values				Weighted-Average Estimated Amortization Periods
	(in thousands)				(years)
Customer-related intangible assets	$	6,330,000			18
Contract-based intangible assets	1,810,000				20
Acquired technologies	1,810,000				7
Trademarks and trade names	1,070,000				12
Total estimated identified intangible assets	$	11,020,000			14

Schedule of Unaudited Pro Forma Information

	Three Months Ended September 30, 2019								Three Months Ended September 30, 2018
	Actual				Pro Forma				Actual				Pro Forma
	(in thousands)
Total revenues	$	1,105,941			$	1,993,089			$	857,670			$	1,864,534
Net income attributable to Global Payments	$	95,044			$	219,010			$	176,370			$	240,478

	Nine Months Ended September 30, 2019								Nine Months Ended September 30, 2018
	Actual				Pro Forma				Actual				Pro Forma
	(in thousands)
Total revenues	$	2,924,131			$	5,866,522			$	2,485,811			$	5,469,240
Net income attributable to Global Payments	$	327,842			$	614,317			$	376,838			$	407,899

SICOM

Business Acquisition [Line Items]

Schedule of Assets Acquired and Liabilities Assumed

The estimated acquisition-date fair values of major classes of assets acquired and liabilities assumed as of September 30, 2019, including a reconciliation to the total purchase consideration, were as follows (in thousands):

Cash and cash equivalents		$	7,540
Property and equipment		5,838
Identified intangible assets		188,294
Other assets		22,275
Deferred income liabilities		(47,610		)
Other liabilities		(31,350		)
Total identifiable net assets		144,987
Goodwill		265,214
Total purchase consideration		$	410,201

Schedule of Fair Values of Intangible Assets Acquired and Respective Weighted-Average Amortization Periods

The following table reflects the estimated fair values of the identified intangible assets of SICOM and the respective aggregated weighted-average estimated amortization periods:

	Estimated Fair Values				Weighted-Average Estimated Amortization Periods
	(in thousands)				(years)
Customer-related intangible assets	$	104,900			14
Acquired technologies	65,312				6
Trademarks and trade names	11,202				3
Contract-based intangible assets	6,880				5
Total estimated identified intangible assets	$	188,294			10

AdvancedMD

Business Acquisition [Line Items]

Schedule of Assets Acquired and Liabilities Assumed

The estimated acquisition-date fair values of major classes of assets acquired and liabilities assumed as of September 30, 2019, including a reconciliation to the total purchase consideration, were as follows (in thousands):

Cash and cash equivalents		$	7,657
Property and equipment		5,672
Identified intangible assets		419,500
Other assets		11,785
Deferred income tax liabilities		(94,044		)
Other liabilities		(15,647		)
Total identifiable net assets		334,923
Goodwill		371,962
Total purchase consideration		$	706,885

Schedule of Fair Values of Intangible Assets Acquired and Respective Weighted-Average Amortization Periods

The following table reflects the estimated fair values of the identified intangible assets of AdvancedMD and the respective aggregated weighted-average estimated amortization periods:

	Estimated Fair Values				Weighted-Average Estimated Amortization Periods
	(in thousands)				(years)
Customer-related intangible assets	$	303,100			11
Acquired technologies	83,700				5
Trademarks and trade names	32,700				15
Total estimated identified intangible assets	$	419,500			10

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