v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
CURRENT ASSETS    
Cash and cash equivalents $ 192,138 $ 190,022
Accounts receivable, net 367,992 371,377
Prepaid expenses 18,795 21,791
Other current assets 6,322 7,295
Current assets of discontinued operations 187,273 202,709
Total Current Assets 772,520 793,194
PROPERTY, PLANT AND EQUIPMENT    
Structures, net 282,858 298,846
Other property, plant and equipment, net 145,714 142,977
INTANGIBLE ASSETS AND GOODWILL    
Goodwill 507,819 507,819
OTHER ASSETS    
Operating lease right-of-use assets 1,318,530 1,313,912
Other assets 19,897 17,886
Total Assets 3,763,081 3,828,875
CURRENT LIABILITIES    
Accounts payable 37,223 32,109
Accrued expenses 161,978 169,693
Current operating lease liabilities 134,384 142,139
Accrued interest 88,910 99,095
Deferred revenue 102,730 75,437
Current portion of long-term debt 314 312
Current liabilities of discontinued operations 90,348 99,309
Total Current Liabilities 615,887 618,094
NON-CURRENT LIABILITIES    
Long-term debt 5,107,315 5,102,681
Non-current operating lease liabilities 1,227,530 1,225,567
Deferred tax liabilities, net 212,688 221,616
Other liabilities 56,780 55,285
Total Liabilities 7,220,200 7,223,243
Commitments and Contingencies (Note $6)
STOCKHOLDERS’ DEFICIT    
Noncontrolling interests 6,401 11,581
Common stock, par value $0.01 per share: 2,350,000,000 shares authorized (527,979,483 shares issued as of June 30, 2026; 513,531,599 shares issued as of December 31, 2025) 5,280 5,135
Additional paid-in capital 3,619,142 3,613,197
Accumulated deficit (6,994,107) (6,940,190)
Accumulated other comprehensive loss (56,191) (53,391)
Treasury stock (18,967,026 shares held as of June 30, 2026; 16,060,676 shares held as of December 31, 2025) (37,644) (30,700)
Total Stockholders' Deficit (3,457,119) (3,394,368)
Total Liabilities and Stockholders' Deficit 3,763,081 3,828,875
Permits, net    
INTANGIBLE ASSETS AND GOODWILL    
Permits and other intangible assets, net 515,940 548,288
Other intangible assets, net    
INTANGIBLE ASSETS AND GOODWILL    
Permits and other intangible assets, net $ 199,803 $ 205,953