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SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Schedule of Segment Reporting Information

Information on segments and reconciliations to consolidated revenues, consolidated operating income and consolidated depreciation and amortization are as follows:

	Years Ended December 31,
	2019				2018				2017
	(in thousands)
Revenues (1)(2):
Merchant Solutions	$	4,098,580			$	3,345,181			$	3,955,988
Issuer Solutions	604,654				21,185				19,175
Business and Consumer Solutions	227,440				—				—
Segment revenues	4,930,674				3,366,366				3,975,163
Less: intersegment revenues	(18,782		)		—				—
Consolidated revenues	$	4,911,892			$	3,366,366			$	3,975,163
Operating income (loss) (2)(3):
Merchant Solutions	$	1,148,975			$	940,157			$	771,911
Issuer Solutions	82,172				14,084				12,710
Business and Consumer Solutions	19,473				—				—
Corporate	(459,203		)		(217,186		)		(225,753		)
Consolidated operating income	$	791,417			$	737,055			$	558,868
Depreciation and amortization (2):
Merchant Solutions	$	677,196			$	516,731			$	444,100
Issuer Solutions	157,799				710				647
Business and Consumer Solutions	34,914				—				—
Corporate	8,426				5,372				6,404
Consolidated depreciation and amortization	$	878,335			$	522,813			$	451,151

⁽¹⁾ As more fully described in "Note 1—Basis of Presentation and Summary of Significant Accounting Policies" and "Note 3—Revenues" we adopted a new revenue accounting standard on January 1, 2018 that resulted in revenue being presented net of certain fees that we pay to third parties, including payment networks. This change in presentation affected our reported revenues and operating expenses for all periods after the year ended December 31, 2017 by the same amount and had no effect on operating income.

⁽²⁾ Revenues, operating income and depreciation and amortization reflect the effects of acquired businesses from the respective dates of acquisition. For further discussion, see "Note 2—Acquisitions."

⁽³⁾ During the year ended December 31, 2019, operating income for our Merchant Solutions segment reflected the effect of acquisition and integration expenses of $56.1 million. Operating loss for Corporate included acquisition and integration expenses of $199.5 million, $56.1 million and $94.6 million, respectively, during the years ended December 31, 2019, 2018 and 2017. Acquisition and integration expenses for 2019 were primarily related to the Merger.

Schedule of Long-Lived Assets by Geographic Regions

Long-lived assets, excluding goodwill and other intangible assets, by location as of December 31, 2019 and 2018 were as follows:

	2019				2018
	(in thousands)
United States	$	950,567			$	516,449
Foreign countries	432,235				137,093
	$	1,382,802			$	653,542

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- Definition

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

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