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Acquisitions (Tables)
12 Months Ended
Dec. 31, 2016
Pro Forma Revenue and Earnings

 

 

 

 

 

 

 

 

 

 

 

 

 

Actual

 

Supplemental pro forma

 

 

 

Years Ended December 31, 

 

Years Ended December 31, 

 

 

    

2016

    

2015

    

2016

    

2015

 

(in thousands, except per share data)

 

 

 

 

 

 

 

 

 

 

Revenue

 

$

4,170,077

 

2,779,541

 

4,562,236

 

3,230,703

 

Net income attributable to TSYS common shareholders

 

$

319,638

 

364,044

 

347,248

 

317,549

 

Basic EPS attributable to TSYS common shareholders

 

$

1.74

 

1.98

 

1.89

 

1.73

 

Diluted EPS attributable to TSYS common shareholders

 

$

1.73

 

1.97

 

1.88

 

1.72

 

 

 

 

 

 

 

 

 

 

 

 

 

TransFirst  
Amounts of Assets Acquired and Liabilities Assumed Recognized

 

 

 

 

(in thousands)

 

Consideration

 

   

   

Cash

$

2,351,400

 

Fair value of total consideration transferred

$

2,351,400

 

   

 

 

 

Recognized amounts of identifiable assets acquired and liabilities assumed:

 

   

   

Cash

$

5,907

   

Accounts receivable, net

 

62,313

 

Property, equipment and software

 

12,726

   

Identifiable intangible assets

 

814,131

 

Deferred tax asset

 

2,244

 

Other assets

 

7,509

 

Deferred tax liability

 

(224,654)

 

Other liabilities

 

(56,864)

   

Total identifiable net assets

 

623,312

   

Goodwill

 

1,728,088

   

Total identifiable assets acquired and liabilities assumed

$

2,351,400

 

 

 

 

 

 

Estimated Fair Value of Identifiable Intangible Assets Acquired

 

 

 

 

 

 

 

(in millions)

    

 

Fair Value

    

Weighted Average
Useful Life
(in years)

 

Merchant relationships

 

$

588.0

 

7.0

 

Channel partners

 

 

121.0

 

10.0

 

Current technology

 

 

72.0

 

5.0

 

Trade name

 

 

16.0

 

1.0

 

Covenants not-to-compete

 

 

15.0

 

3.0

 

Favorable lease

 

 

2.1

 

5.6

 

Total acquired identifiable intangible assets

 

$

814.1

 

7.1