v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash Flows from Operating Activities    
Net income (loss) $ 234,216 $ 261,236
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 186,090 138,208
Amortization of debt financing costs and discounts on debt 3,489 3,774
Non-cash operating lease expense 51,380 46,303
Share-based compensation expense 20,515 20,997
Deferred income taxes 30,753 14,826
Non-cash interest income (1,731) (1,271)
Non-cash impairment of assets 0 32,272
Loss on early extinguishments and modifications of debt 391 0
Other operating activities 16,452 (2,390)
Changes in operating assets and liabilities, excluding the impact of acquisitions:    
Accounts receivable, net 9,334 16,953
Inventories 1,111 (410)
Prepaid expenses and other current assets (9,738) 2,960
Income taxes (receivable) payable, net 25,148 7,925
Other assets, net (1,137) 1,235
Accounts payable and accrued liabilities (406,558) (35,665)
Operating lease liabilities (51,380) (46,303)
Other liabilities 2,468 762
Net cash provided by operating activities 110,803 461,412
Cash Flows from Investing Activities    
Capital expenditures (297,113) (294,322)
Advances made under note receivable 0 (31,780)
Cash paid for acquisitions, net of cash received (46,844) 0
Cash paid for gaming license right 0 (41,461)
Other investing activities 269 (8,318)
Net cash used in investing activities (343,688) (375,881)
Cash Flows from Financing Activities    
Borrowings under credit facilities 1,284,325 1,375,200
Payments under credit facilities (718,200) (987,400)
Debt financing costs (1,819) 0
Share-based compensation activities (21,447) (6,002)
Shares repurchased and retired (311,054) (432,997)
Dividends paid (28,802) (29,410)
Other financing activities 0 (6)
Net cash provided by (used in) financing activities 203,003 (80,615)
Effect of foreign currency exchange rates on cash, cash equivalents and restricted cash (90) (267)
Change in cash, cash equivalents and restricted cash (29,972) 4,649
Cash, cash equivalents and restricted cash, beginning of period 358,767 321,364
Cash, cash equivalents and restricted cash, end of period 328,795 326,013
Supplemental Disclosure of Cash Flow Information    
Cash paid for interest, net of amounts capitalized 56,385 95,326
Cash paid for income taxes 26,827 62,421
Supplemental Schedule of Non-cash Investing and Financing Activities    
Payables incurred for capital expenditures 67,240 32,942
Dividends declared not yet paid 14,597 14,534
Assets acquired in exchange for contingent consideration 5,000 38,539
Derecognition of right-of-use operating lease asset 0 36,883
Derecognition of lease liability $ 0 $ (36,883)