v3.25.2
Consolidated Statements of Redeemable Noncontrolling Interests and Equity - USD ($)
shares in Thousands, $ in Thousands
Total
Redeemable Noncontrolling Interests
Total Stockholders’ Equity
Common Stock
Additional Paid-In Capital
Accumulated Other Comprehensive Income (Loss)
Retained Earnings
Noncontrolling Interests
Beginning balance at Dec. 31, 2023   $ 676,177            
Redeemable Noncontrolling Interests                
Contributions from noncontrolling interests and redeemable noncontrolling interests   16,435            
Distributions to noncontrolling interests and redeemable noncontrolling interests   (33,816)            
Net income (loss)   (13,717)            
Acquisition of noncontrolling interests   (9,214)            
Ending balance at Jun. 30, 2024   635,865            
Beginning balance (in shares) at Dec. 31, 2023       219,392        
Beginning balance at Dec. 31, 2023 $ 6,237,836   $ 5,230,228 $ 22 $ 6,609,229 $ 54,676 $ (1,433,699) $ 1,007,608
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Exercise of stock options (in shares)       415        
Exercise of stock options 2,603   2,603   2,603      
Issuance of restricted stock units, net of tax withholdings (in shares)       2,641        
Issuance of restricted stock units, net of tax withholdings 0              
Shares issued in connection with the Employee Stock Purchase Plan (in shares)       850        
Shares issued in connection with the Employee Stock Purchase Plan 8,374   8,374   8,374      
Stock-based compensation 71,327   71,327   71,327      
Contributions from noncontrolling interests and redeemable noncontrolling interests 779,482             779,482
Distributions to noncontrolling interests and redeemable noncontrolling interests (148,477)             (148,477)
Net income (loss) (529,361)   51,256       51,256 (580,617)
Capped call transaction (38,365)   (38,365)   (38,365)      
Acquisition of noncontrolling interests (10,720)   414   414     (11,134)
Other comprehensive income (loss), net of income taxes 39,908   39,908     39,908    
Ending balance (in shares) at Jun. 30, 2024       223,298        
Ending balance at Jun. 30, 2024 6,412,607   5,365,745 $ 22 6,653,582 94,584 (1,382,443) 1,046,862
Beginning balance at Mar. 31, 2024   656,845            
Redeemable Noncontrolling Interests                
Contributions from noncontrolling interests and redeemable noncontrolling interests   0            
Distributions to noncontrolling interests and redeemable noncontrolling interests   (17,163)            
Net income (loss)   4,238            
Acquisition of noncontrolling interests   (8,055)            
Ending balance at Jun. 30, 2024   635,865            
Beginning balance (in shares) at Mar. 31, 2024       220,672        
Beginning balance at Mar. 31, 2024 6,101,538   5,180,451 $ 22 6,614,414 87,532 (1,521,517) 921,087
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Exercise of stock options (in shares)       238        
Exercise of stock options 1,547   1,547   1,547      
Issuance of restricted stock units, net of tax withholdings (in shares)       1,538        
Issuance of restricted stock units, net of tax withholdings 0              
Shares issued in connection with the Employee Stock Purchase Plan (in shares)       850        
Shares issued in connection with the Employee Stock Purchase Plan 8,374   8,374   8,374      
Stock-based compensation 28,833   28,833   28,833      
Contributions from noncontrolling interests and redeemable noncontrolling interests 631,580             631,580
Distributions to noncontrolling interests and redeemable noncontrolling interests (91,431)             (91,431)
Net income (loss) (264,166)   139,074       139,074 (403,240)
Acquisition of noncontrolling interests (10,720)   414   414     (11,134)
Other comprehensive income (loss), net of income taxes 7,052   7,052     7,052    
Ending balance (in shares) at Jun. 30, 2024       223,298        
Ending balance at Jun. 30, 2024 $ 6,412,607   5,365,745 $ 22 6,653,582 94,584 (1,382,443) 1,046,862
Beginning balance at Dec. 31, 2024   624,159            
Redeemable Noncontrolling Interests                
Contributions from noncontrolling interests and redeemable noncontrolling interests   286,146            
Distributions to noncontrolling interests and redeemable noncontrolling interests   (37,886)            
Net income (loss)   (139,328)            
Acquisition of noncontrolling interests   (17,506)            
Ending balance at Jun. 30, 2025   715,585            
Beginning balance (in shares) at Dec. 31, 2024 225,662     225,662        
Beginning balance at Dec. 31, 2024 $ 3,540,051   2,554,207 $ 23 6,747,236 86,814 (4,279,866) 985,844
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Exercise of stock options (in shares) 11     11        
Exercise of stock options $ 83   83   83      
Issuance of restricted stock units, net of tax withholdings (in shares)       3,639        
Issuance of restricted stock units, net of tax withholdings 0              
Shares issued in connection with the Employee Stock Purchase Plan (in shares)       1,009        
Shares issued in connection with the Employee Stock Purchase Plan 8,482   8,482   8,482      
Stock-based compensation 62,506   62,506   62,506      
Contributions from noncontrolling interests and redeemable noncontrolling interests 649,138             649,138
Distributions to noncontrolling interests and redeemable noncontrolling interests (80,161)             (80,161)
Net income (loss) (416,827)   329,784       329,784 (746,611)
Acquisition of noncontrolling interests 1,287   5,587   5,587     (4,300)
Other comprehensive income (loss), net of income taxes $ (33,922)   (33,922)     (33,922)    
Ending balance (in shares) at Jun. 30, 2025 230,321     230,321        
Ending balance at Jun. 30, 2025 $ 3,730,637   2,926,727 $ 23 6,823,894 52,892 (3,950,082) 803,910
Beginning balance at Mar. 31, 2025   657,772            
Redeemable Noncontrolling Interests                
Contributions from noncontrolling interests and redeemable noncontrolling interests   206,146            
Distributions to noncontrolling interests and redeemable noncontrolling interests   (19,885)            
Net income (loss)   (110,942)            
Acquisition of noncontrolling interests   (17,506)            
Ending balance at Jun. 30, 2025   $ 715,585            
Beginning balance (in shares) at Mar. 31, 2025       227,325        
Beginning balance at Mar. 31, 2025 3,439,749   2,615,402 $ 23 6,784,061 61,173 (4,229,855) 824,347
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Exercise of stock options (in shares)       7        
Exercise of stock options 63   63   63      
Issuance of restricted stock units, net of tax withholdings (in shares)       1,980        
Issuance of restricted stock units, net of tax withholdings 0              
Shares issued in connection with the Employee Stock Purchase Plan (in shares)       1,009        
Shares issued in connection with the Employee Stock Purchase Plan 8,482   8,482   8,482      
Stock-based compensation 25,701   25,701   25,701      
Contributions from noncontrolling interests and redeemable noncontrolling interests 473,238             473,238
Distributions to noncontrolling interests and redeemable noncontrolling interests (41,560)             (41,560)
Net income (loss) (168,042)   279,773       279,773 (447,815)
Acquisition of noncontrolling interests 1,287   5,587   5,587     (4,300)
Other comprehensive income (loss), net of income taxes $ (8,281)   (8,281)     (8,281)    
Ending balance (in shares) at Jun. 30, 2025 230,321     230,321        
Ending balance at Jun. 30, 2025 $ 3,730,637   $ 2,926,727 $ 23 $ 6,823,894 $ 52,892 $ (3,950,082) $ 803,910