Acquisitions and Joint Ventures (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of recognized identified assets acquired and liabilities assumed

A summary of the cumulative consideration paid and the allocation of the purchase price paid for all of our acquisitions in each respective year is as follows:


	2020		2019		2018
	TOTAL		TOTAL		IODC TRANSACTION		OTHER FISCAL YEAR 2018 ACQUISITIONS		TOTAL
Cash Paid (gross of cash acquired)(1)	$	124,614	$	53,230	$	1,347,046	$	432,078	$	1,779,124
Purchase Price Holdbacks and Other(2)	—		4,135		—		35,218		35,218
Fair Value of Investments Applied to Acquisitions	27,276		—		—		—		—
Total Consideration	151,890		57,365		1,347,046		467,296		1,814,342
Fair Value of Identifiable Assets Acquired:
Cash	6,545		2,260		34,307		10,227		44,534
Accounts Receivable, Prepaid Expenses and Other Assets	16,559		3,102		7,070		17,662		24,732
Property, Plant and Equipment(3)	52,021		5,396		863,027		225,848		1,088,875
Customer Relationship Intangible Assets(4)	79,065		22,071		—		44,622		44,622
Operating Lease Right-of-Use Assets	100,040		16,956		—		—		—
Data Center In-Place Leases(5)	—		—		104,340		36,130		140,470
Data Center Tenant Relationships(6)	—		—		77,362		18,410		95,772
Data Center Above-Market Leases(7)	—		—		16,439		2,381		18,820

Debt Assumed	(27,363)		—		—		(12,312)		(12,312)
Accounts Payable, Accrued Expenses and Other Liabilities	(19,564)		(3,233)		(36,230)		(17,206)		(53,436)
Operating Lease Liabilities	(100,040)		(16,956)		—		—		—
Deferred Income Taxes	(9,631)		(1,813)		—		(43,218)		(43,218)
Data Center Below-Market Leases(7)	—		—		(11,421)		(694)		(12,115)
Total Fair Value of Identifiable Net Assets Acquired	97,632		27,783		1,054,894		281,850		1,336,744
Goodwill Initially Recorded(8)	$	54,258	$	29,582	$	292,152	$	185,446	$	477,598

(1)Cash paid for acquisitions, net of cash acquired in our Consolidated Statement of Cash Flows includes contingent and other payments of $512, $7,267 and $23,967 for the years ended December 31, 2020, 2019 and 2018, respectively, related to acquisitions made in the years prior to 2020, 2019 and 2018, respectively.

(2)Purchase price holdbacks and other includes $18,824 purchase price accrued for the EvoSwitch Transaction in 2018.

(3)Consists primarily of buildings, building improvements, leasehold improvements, data center infrastructure, racking structures, warehouse equipment and computer hardware and software.

(4)The weighted average lives of Customer Relationship Intangible Assets associated with acquisitions in 2020, 2019 and 2018 was 14 years, 16 years and 10 years, respectively.

(5)The weighted average lives of Data Center In-Place Leases associated with acquisitions in 2018 was six years.

(6)The weighted average lives of Data Center Tenant Relationships associated with acquisitions in 2018 was nine years.

(7)The weighted average lives of Data Center Above-Market Leases associated with acquisitions in 2018 was three years and the weighted average lives of data center below-market leases associated with acquisitions in 2018 was seven years.

(8)The goodwill associated with acquisitions, including IODC, is primarily attributable to the assembled workforce, expanded market opportunities and costs and other operating synergies anticipated upon the integration of the operations of our business and the acquired businesses.