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ACQUISITIONS (Tables)

12 Months Ended

Dec. 31, 2023

Business Combination and Asset Acquisition [Abstract]

Schedule of Purchase Consideration

Total purchase consideration was $4.3 billion, which consisted of the following (in thousands):

Cash paid to EVO shareholders (1)			$	3,273,951
Cash paid for equity awards attributable to purchase consideration (2)			58,510
Value of replacement awards attributable to purchase consideration (3)			2,484
Total purchase consideration transferred to EVO shareholders			3,334,945
Repayment of EVO's unsecured revolving credit facility (including accrued interest and fees)			665,557
Payment of certain acquiree transaction costs and other liabilities on behalf of EVO (4)			269,118
Total purchase consideration			$	4,269,620

(1) Holders of EVO common stock, convertible preferred stock and common units received $34 for each share of EVO common stock held at the effective time of the transaction.

(2) Pursuant to the merger agreement, we cash settled vested options and certain unvested equity awards of EVO equity award holders.

(3) Pursuant to the merger agreement, we granted equity awards for approximately 0.3 million shares of Global Payments common stock to certain EVO equity award holders. Each such replacement award is subject to the same terms and conditions (including vesting and exercisability) that applied to the corresponding EVO equity award. We apportioned the fair value of the replacement awards between purchase consideration (the portion attributable to pre-acquisition services in relation to the total vesting term of the award) and amounts to be recognized in periods following the acquisition as share-based compensation expense over the requisite service period of the replacement awards.

(4) Certain acquiree transaction costs and liabilities, including amounts outstanding under EVO’s tax receivable agreement, were required to be repaid by us upon consummation of the acquisition.

Schedule of Major Classes of Assets Acquired and Liabilities Assumed

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

			Provisional Amounts at Acquisition Date						Measurement-period Adjustments						Provisional Amounts at December 31, 2023
			(in thousands)
Cash and cash equivalents			$	324,859					$	—					$	324,859
Accounts receivable			105,680						(54,210)						51,470
Settlement processing assets			125,061						9,651						134,712
Deferred income tax assets			15,464						1,124						16,588
Property and equipment			83,540						(11,518)						72,022
Identifiable intangible assets			1,208,400						270,595						1,478,995
Other assets			157,166						(9,276)						147,890
Accounts payable and accrued liabilities			(277,800)						(8,897)						(286,697)
Settlement lines of credit			(11,371)						3,784						(7,587)
Settlement processing obligations			(199,161)						35,626						(163,535)
Deferred income tax liabilities			(168,098)						(80,558)						(248,656)
Other liabilities			(58,089)						(4,518)						(62,607)
Total identifiable net assets			1,305,651						151,803						1,457,454
Redeemable noncontrolling interests			(556,070)						84,951						(471,119)
Goodwill			3,520,039						(236,754)						3,283,285
Total purchase consideration			$	4,269,620					$	—					$	4,269,620

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

Cash and cash equivalents			$	67,374
Accounts receivable			1,017
Identifiable intangible assets			473,000
Property and equipment			575
Other assets			9,051
Accounts payable and accrued liabilities			(71,006)
Deferred income tax liabilities			(10,749)
Other liabilities			(8,010)
Total identifiable net assets			461,252
Goodwill			471,994
Total purchase consideration			$	933,246

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

The following table reflects the provisional estimated acquisition-date fair values of the identified intangible assets of EVO and their respective weighted-average estimated amortization periods:

			Estimated Fair Value						Weighted-Average Estimated Amortization Periods
			(in thousands)						(years)
Customer-related intangible assets			$	916,000					11
Contract-based intangible assets			470,000						12
Acquired technologies			86,995						7
Trademarks and trade names			6,000						2
Total estimated identifiable intangible assets			$	1,478,995					11

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

			Estimated Fair Value						Weighted-Average Estimated Amortization Periods
			(in thousands)						(years)
Customer-related intangible assets			$	208,000					13
Contract-based intangible assets			119,000						20
Acquired technologies			124,000						6
Trademarks and trade names			22,000						15
Total estimated identifiable intangible assets			$	473,000					14

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