v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Consolidated net income (loss) $ (47,994) $ 63,213
Reconciling items:    
Non-cash operating lease expense, net of interest 46,014 67,266
Depreciation and amortization 41,523 43,004
Gains on dispositions of businesses and/or operating assets, net (1,001) (145,008)
Share-based compensation 5,873 5,436
Amortization of deferred financing charges and note discounts 2,462 2,974
Credit loss expense 2,565 736
Deferred income taxes (10,629) 3,703
Loss on extinguishment 0 5,400
Other reconciling items, net (444) 3,108
Changes in operating assets and liabilities, net of effects of dispositions:    
Decrease in accounts receivable 37,305 98,011
Decrease (increase) in prepaid expenses and other operating assets 424 (19,813)
Decrease in accounts payable and accrued expenses (38,514) (52,099)
Decrease in operating lease liabilities (cash payments, net of interest) (59,798) (79,983)
Increase in accrued interest 3,916 16,539
Increase in deferred revenue 20,707 7,939
Increase (decrease) in other operating liabilities 820 (5,501)
Net cash provided by operating activities 3,229 14,925
Cash flows from investing activities:    
Capital expenditures (16,001) (25,526)
Sales of businesses and/or assets, net of direct costs to sell and cash sold (1,209) 617,320
Other investing activities, net (85) 74
Net cash provided by (used for) investing activities (17,295) 591,868
Cash flows from financing activities:    
Payments on long-term debt (71) (375,131)
Other financing activities, net (254) (1,566)
Net cash used for financing activities (325) (376,697)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (666) 3,504
Net increase (decrease) in cash, cash equivalents and restricted cash (15,057) 233,600
Cash, cash equivalents and restricted cash at beginning of period 216,660 172,072
Cash, cash equivalents and restricted cash at end of period 201,603 405,672
Supplemental disclosures:    
Cash paid for interest 93,912 88,992
Cash paid for income taxes, net of refunds $ 72 $ 4,396