8-K/AExhibits & Filings

GLOBAL PAYMENTS INC 8-K/A Report, Exhibit Filing (Jul 8, 2016)

Filed July 8, 2016For Securities:GPN

Summary

This 8-K filing from Global Payments Inc. (GPN) on July 8, 2016, primarily concerns the financial reporting related to the acquisition of Heartland Payment Systems. Investors should note that the company is filing the audited financial statements of Heartland as of December 31, 2015 and 2014, along with statements of income, comprehensive income, equity, and cash flows for the years ended December 31, 2015, 2014, and 2013. Furthermore, the filing includes pro forma condensed combined financial information, presenting a balance sheet as of February 29, 2016, and statements of income for the nine months ended February 29, 2016, and the fiscal year ended May 31, 2015. This pro forma data offers a snapshot of the combined entity's financial position and performance, giving investors a clearer picture of the potential impact of the Heartland acquisition on Global Payments' financial results.

Key Highlights

  • 1Filing includes audited consolidated financial statements for Heartland Payment Systems (and subsidiaries) for fiscal years 2013, 2014, and 2015.
  • 2Audited consolidated balance sheets for Heartland are provided as of December 31, 2015, and December 31, 2014.
  • 3Key financial statements for Heartland, including statements of income, comprehensive income, equity, and cash flows, are included.
  • 4Unaudited pro forma condensed combined financial information for the combined entity (Global Payments and Heartland) is presented.
  • 5Pro forma balance sheet is provided as of February 29, 2016.
  • 6Pro forma statements of income cover the nine-month period ended February 29, 2016, and the fiscal year ended May 31, 2015.
  • 7The filing incorporates by reference Heartland's previously filed financial statements and auditor's report.

Frequently Asked Questions

The primary purpose of this 8-K filing is to provide investors with the necessary financial statements and pro forma information related to Global Payments' acquisition of Heartland Payment Systems. This includes the audited financials of Heartland and the projected combined financial performance.

The filing includes audited consolidated balance sheets for Heartland as of December 31, 2015 and 2014, and audited consolidated statements of income, comprehensive income, equity, and cash flows for the years ended December 31, 2015, 2014, and 2013.

Pro forma condensed combined financial information presents a hypothetical view of how the combined company (Global Payments and Heartland) would have performed financially if the acquisition had occurred earlier. It helps investors understand the potential financial impact and scale of the combined entity.

The audited financial statements included in this filing are specifically for Heartland Payment Systems and its subsidiaries, reflecting their financial performance and position prior to or around the time of the acquisition. The pro forma information then combines these with Global Payments' data.