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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 UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS (continued)

 

As of March 31, 2019 and December 31, 2018, the Company’s finite lived intangible assets consisted of the following (in millions):

 

     March 31, 2019      December 31, 2018  

Customer relationship intangible assets

   $ 4,592.1      $ 4,540.9  

Trade name

     355.9        348.8  

Customer portfolios and related assets

     328.0        323.8  

Patents

     2.4        2.3  
  

 

 

    

 

 

 
     5,278.4        5,215.8  
  

 

 

    

 

 

 

Less accumulated amortization on:

     

Customer relationship intangible assets

     2,048.2        1,865.5  

Trade name

     45.4        35.5  

Customer portfolios and related assets

     201.3        187.0  
  

 

 

    

 

 

 
     2,294.9        2,088.0  
  

 

 

    

 

 

 

Intangible assets, net

   $ 2,983.5      $ 3,127.8  
  

 

 

    

 

 

 

Customer portfolios and related assets acquired during the three months ended March 31, 2019 have weighted-average amortization periods of 3.0 years. Amortization expense on intangible assets for the three months ended March 31, 2019 and 2018 was $197.4 million and $149.8 million, respectively.

The estimated amortization expense of intangible assets for the remainder of 2019 and the next five years is as follows (in millions):

 

Nine months ended December 31, 2019

   $     561.9  

2020

     609.4  

2021

     506.5  

2022

     440.5  

2023

     276.6  

2024

     255.4  

 

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