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SEC Filings

425
FIDELITY NATIONAL INFORMATION SERVICES, INC. filed this Form 425 on 05/13/2019
Entire Document
 


Worldpay, Inc.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

 

As of December 31, 2018 and 2017, the Company’s finite lived intangible assets consisted of the following (in millions):

 

     December 31, 2018      December 31, 2017  

Customer relationship intangible assets

   $ 4,540.9      $ 1,712.7  

Trade name

     348.8        —    

Customer portfolios and related assets

     323.8        249.8  

Patents

     2.3        1.6  
  

 

 

    

 

 

 
     5,215.8        1,964.1  
  

 

 

    

 

 

 

Less accumulated amortization on:

     

Customer relationship intangible assets

     1,865.5        1,156.4  

Trade name

     35.5        —    

Customer portfolios and related assets

     187.0        129.2  
  

 

 

    

 

 

 
     2,088.0        1,285.6  
  

 

 

    

 

 

 

Intangible assets, net

   $ 3,127.8      $ 678.5  
  

 

 

    

 

 

 

Customer portfolios and related assets acquired during the years ended December 31, 2018 and 2017 have weighted-average amortization periods of 4.5 years and 4.8 years, respectively. Amortization expense on intangible assets for the years ended December 31, 2018, 2017 and 2016 was $821.9 million, $222.6 million and $199.6 million, respectively.

 

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