v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Consolidated net income (loss) $ (52,958) $ 73,862
Reconciling items:    
Non-cash operating lease expense, net of interest 94,143 113,219
Depreciation and amortization 82,769 86,339
Gain on disposition of businesses and/or operating assets, net (250) (144,276)
Share-based compensation 13,832 12,762
Amortization of deferred financing costs and note discounts 4,968 5,329
Credit loss expense 3,352 1,606
Deferred income taxes (8,927) 9,537
Gain on extinguishment of debt, net 0 (23,396)
Other reconciling items, net (784) 3,447
Changes in operating assets and liabilities, net of effects of dispositions:    
Decrease in accounts receivable 3,897 32,135
Decrease (increase) in prepaid expenses and other operating assets 4,730 (7,907)
Decrease in accounts payable and accrued expenses (9,909) (51,899)
Decrease in operating lease liabilities (cash payments, net of interest) (105,949) (124,080)
Decrease in accrued interest (10,185) (8,790)
Increase in deferred revenue 27,373 27,151
Increase (decrease) in other operating liabilities 1,738 (2,713)
Net cash provided by operating activities 47,840 2,326
Cash flows from investing activities:    
Capital expenditures (35,323) (42,080)
Proceeds from sales of businesses and/or assets, net of direct costs to sell and cash sold 1,288 599,292
Other investing activities, net (693) 74
Net cash provided by (used for) investing activities (34,728) 557,286
Cash flows from financing activities:    
Payments on long-term debt (145) (574,673)
Debt issuance costs (25) (1,421)
Taxes paid related to net share settlement of equity awards (14,686) (4,412)
Payments to noncontrolling interests, net (6,133) (4,775)
Net cash used for financing activities (20,989) (585,281)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (958) 4,414
Net decrease in cash, cash equivalents and restricted cash (8,835) (21,255)
Cash, cash equivalents and restricted cash at beginning of period 216,660 172,072
Cash, cash equivalents and restricted cash at end of period 207,825 150,817
Supplemental disclosures:    
Cash paid for interest 205,848 210,220
Cash paid for income taxes, net of refunds $ 997 $ 6,737