v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
CURRENT ASSETS    
Cash and cash equivalents $ 182,421 $ 190,022
Accounts receivable, net 345,700 371,377
Prepaid expenses 25,558 21,791
Other current assets 3,317 7,295
Current assets of discontinued operations 176,772 202,709
Total Current Assets 733,768 793,194
PROPERTY, PLANT AND EQUIPMENT    
Structures, net 287,743 298,846
Other property, plant and equipment, net 144,720 142,977
INTANGIBLE ASSETS AND GOODWILL    
Goodwill 507,819 507,819
OTHER ASSETS    
Operating lease right-of-use assets 1,296,377 1,313,912
Other assets 18,297 17,886
Total Assets 3,723,456 3,828,875
CURRENT LIABILITIES    
Accounts payable 35,145 32,109
Accrued expenses 132,263 169,693
Current operating lease liabilities 131,803 142,139
Accrued interest 103,011 99,095
Deferred revenue 96,680 75,437
Current portion of long-term debt 316 312
Current liabilities of discontinued operations 86,880 99,309
Total Current Liabilities 586,098 618,094
NON-CURRENT LIABILITIES    
Long-term debt 5,104,974 5,102,681
Non-current operating lease liabilities 1,205,137 1,225,567
Deferred tax liabilities, net 210,987 221,616
Other liabilities 54,609 55,285
Total Liabilities 7,161,805 7,223,243
Commitments and Contingencies (Note $6)
STOCKHOLDERS’ DEFICIT    
Noncontrolling interests 12,017 11,581
Common stock, par value $0.01 per share: 2,350,000,000 shares authorized (514,551,917 shares issued as of March 31, 2026; 513,531,599 shares issued as of December 31, 2025) 5,146 5,135
Additional paid-in capital 3,618,997 3,613,197
Accumulated deficit (6,988,784) (6,940,190)
Accumulated other comprehensive loss (55,018) (53,391)
Treasury stock (16,063,884 shares held as of March 31, 2026; 16,060,676 shares held as of December 31, 2025) (30,707) (30,700)
Total Stockholders' Deficit (3,438,349) (3,394,368)
Total Liabilities and Stockholders' Deficit 3,723,456 3,828,875
Permits, net    
INTANGIBLE ASSETS AND GOODWILL    
Permits and other intangible assets, net 531,947 548,288
Other intangible assets, net    
INTANGIBLE ASSETS AND GOODWILL    
Permits and other intangible assets, net $ 202,785 $ 205,953