QUARTERLY CONSOLIDATED FINANCIAL INFORMATION (UNAUDITED)

12 Months Ended

Dec. 31, 2020

Quarterly Financial Information Disclosure [Abstract]

QUARTERLY CONSOLIDATED FINANCIAL INFORMATION (UNAUDITED)

Summarized quarterly results for the years ended December 31, 2020 and 2019 were as follows:


	Quarters Ended
	March 31, 2020		June 30, 2020		September 30, 2020		December 31, 2020

	(in thousands, except per share data)

Revenues	$	1,903,598	$	1,671,952	$	1,917,815	$	1,930,193
Operating income	243,979		107,574		290,419		251,981
Net income	150,608		39,444		230,230		184,818
Net income attributable to Global Payments	143,575		37,331		220,971		182,643
Basic earnings per share attributable to Global Payments	0.48		0.12		0.74		0.61
Diluted earnings per share attributable to Global Payments	0.48		0.12		0.74		0.61

	Quarters Ended
	March 31, 2019		June 30, 2019		September 30, 2019		December 31, 2019

	(in thousands, except per share data)

Revenues	$	883,039	$	935,152	$	1,105,941	$	1,987,760
Operating income	199,492		221,726		174,037		196,162
Net income	119,205		130,039		105,731		114,301
Net income attributable to Global Payments	112,341		120,458		95,044		102,770
Basic earnings per share attributable to Global Payments	0.71		0.77		0.54		0.34
Diluted earnings per share attributable to Global Payments	0.71		0.77		0.54		0.34

The quarterly financial data in the table above reflect the effects of business combinations and borrowings to fund certain of those business combinations. Notably, we completed our merger with TSYS during the quarter ended September 30, 2019. Additionally, our consolidated results reflected incremental expenses associated with the acquisition and integration of acquired businesses. See "Note 2—Acquisitions" for further discussion of our acquisitions.

Acquisition and integration expenses were $71.9 million, $85.1 million, $56.7 million and $106.3 million for the quarters ended March 31, 2020, June 30, 2020, September 30, 2020 and December 31, 2020, respectively. Acquisition and integration expenses were $5.3 million, $14.2 million, $100.8 million and $135.3 million for the quarters ended March 31, 2019, June 30, 2019, September 30, 2019 and December 31, 2019, respectively.