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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)

 

The estimated amortization expense of intangible assets for the next five years is as follows (in millions):

 

2019

   $ 745.9  

2020

     600.6  

2021

     498.2  

2022

     434.8  

2023

     272.4  

6. CAPITAL LEASES

The Company has various lease agreements for equipment that are classified as capital leases. The cost and accumulated depreciation of equipment under capital leases included in the accompanying Consolidated Statements of Financial Position within property, equipment and software were $65.8 million and $30.4 million, respectively, as of December 31, 2018 and $35.7 million and $21.4 million, respectively, as of December 31, 2017. Depreciation expense associated with capital leases for the years ended December 31, 2018, 2017, and 2016 was $15.0 million, $9.6 million and $8.3 million, respectively.

The future minimum lease payments required under capital leases and the present value of net minimum lease payments as of December 31, 2018 are as follows (in millions):

 

     Amount  

2019

   $ 24.5  

2020

     18.4  

2021

     12.8  

2022

     5.3  
  

 

 

 

Total minimum lease payments

     61.0  

Less: Amount representing interest

     (4.0
  

 

 

 

Present value of minimum lease payments

     57.0  

Less: Current maturities of capital lease obligations

     (22.7
  

 

 

 

Long-term capital lease obligations

   $ 34.3  
  

 

 

 

 

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