v3.26.1
Consolidated Statements of Redeemable Noncontrolling Interests and Equity - USD ($)
shares in Thousands, $ in Thousands
Total
Redeemable Noncontrolling Interests
Total Stockholders’ Equity
Common Stock
Additional Paid-In Capital
Accumulated Other Comprehensive Income (Loss)
Retained Earnings
Noncontrolling Interests
Beginning balance at Dec. 31, 2024   $ 624,159            
Redeemable Noncontrolling Interests                
Contributions from noncontrolling interests and redeemable noncontrolling interests   286,146            
Distributions to noncontrolling interests and redeemable noncontrolling interests   (37,886)            
Net (loss) income   (139,328)            
Acquisition of noncontrolling interests   (17,506)            
Ending balance at Jun. 30, 2025   715,585            
Beginning balance (in shares) at Dec. 31, 2024       225,662        
Beginning balance at Dec. 31, 2024 $ 3,540,051   $ 2,554,207 $ 23 $ 6,747,236 $ 86,814 $ (4,279,866) $ 985,844
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Exercise of stock options (in shares)       11        
Exercise of stock options 83   83   83      
Issuance of restricted stock units, net of tax withholdings (in shares)       3,639        
Shares issued in connection with the Employee Stock Purchase Plan (in shares)       1,009        
Shares issued in connection with the Employee Stock Purchase Plan 8,482   8,482   8,482      
Stock-based compensation 62,506   62,506   62,506      
Contributions from noncontrolling interests and redeemable noncontrolling interests 649,138             649,138
Distributions to noncontrolling interests and redeemable noncontrolling interests (80,161)             (80,161)
Net (loss) income (416,827)   329,784       329,784 (746,611)
Acquisition of noncontrolling interest 1,287   5,587   5,587     (4,300)
Other comprehensive income (loss), net of income taxes (33,922)   (33,922)     (33,922)    
Ending balance (in shares) at Jun. 30, 2025       230,321        
Ending balance at Jun. 30, 2025 3,730,637   2,926,727 $ 23 6,823,894 52,892 (3,950,082) 803,910
Beginning balance at Mar. 31, 2025   657,772            
Redeemable Noncontrolling Interests                
Contributions from noncontrolling interests and redeemable noncontrolling interests   206,146            
Distributions to noncontrolling interests and redeemable noncontrolling interests   (19,885)            
Net (loss) income   (110,942)            
Acquisition of noncontrolling interests   (17,506)            
Ending balance at Jun. 30, 2025   715,585            
Beginning balance (in shares) at Mar. 31, 2025       227,325        
Beginning balance at Mar. 31, 2025 3,439,749   2,615,402 $ 23 6,784,061 61,173 (4,229,855) 824,347
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Exercise of stock options (in shares)       7        
Exercise of stock options 63   63   63      
Issuance of restricted stock units, net of tax withholdings (in shares)       1,980        
Shares issued in connection with the Employee Stock Purchase Plan (in shares)       1,009        
Shares issued in connection with the Employee Stock Purchase Plan 8,482   8,482   8,482      
Stock-based compensation 25,701   25,701   25,701      
Contributions from noncontrolling interests and redeemable noncontrolling interests 473,238             473,238
Distributions to noncontrolling interests and redeemable noncontrolling interests (41,560)             (41,560)
Net (loss) income (168,042)   279,773       279,773 (447,815)
Acquisition of noncontrolling interest 1,287   5,587   5,587     (4,300)
Other comprehensive income (loss), net of income taxes (8,281)   (8,281)     (8,281)    
Ending balance (in shares) at Jun. 30, 2025       230,321        
Ending balance at Jun. 30, 2025 $ 3,730,637   2,926,727 $ 23 6,823,894 52,892 (3,950,082) 803,910
Beginning balance at Dec. 31, 2025   709,255            
Redeemable Noncontrolling Interests                
Contributions from noncontrolling interests and redeemable noncontrolling interests   327,106            
Distributions to noncontrolling interests and redeemable noncontrolling interests   (38,308)            
Net (loss) income   (170,750)            
Acquisition of noncontrolling interests   (11,227)            
Ending balance at Jun. 30, 2026   816,076            
Beginning balance (in shares) at Dec. 31, 2025 233,612     233,612        
Beginning balance at Dec. 31, 2025 $ 4,274,719   3,132,484 $ 23 6,899,277 63,103 (3,829,919) 1,142,235
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Exercise of stock options (in shares) 251     251        
Exercise of stock options $ 1,273   1,273   1,273      
Issuance of restricted stock units, net of tax withholdings (in shares)       5,342        
Issuance of restricted stock units, net of tax withholdings 1   1 $ 1        
Shares issued in connection with the Employee Stock Purchase Plan (in shares)       921        
Shares issued in connection with the Employee Stock Purchase Plan 8,094   8,094   8,094      
Stock-based compensation 59,398   59,398   59,398      
Contributions from noncontrolling interests and redeemable noncontrolling interests 494,450             494,450
Distributions to noncontrolling interests and redeemable noncontrolling interests (112,026)             (112,026)
Net (loss) income (334,756)   282,796       282,796 (617,552)
Acquisition of noncontrolling interest (5,652)   (50)   (50)     (5,602)
Other comprehensive income (loss), net of income taxes $ 6,088   6,088     6,088    
Ending balance (in shares) at Jun. 30, 2026 240,126     240,126        
Ending balance at Jun. 30, 2026 $ 4,391,589   3,490,084 $ 24 6,967,992 69,191 (3,547,123) 901,505
Beginning balance at Mar. 31, 2026   730,224            
Redeemable Noncontrolling Interests                
Contributions from noncontrolling interests and redeemable noncontrolling interests   245,099            
Distributions to noncontrolling interests and redeemable noncontrolling interests   (19,992)            
Net (loss) income   (128,028)            
Acquisition of noncontrolling interests   (11,227)            
Ending balance at Jun. 30, 2026   $ 816,076            
Beginning balance (in shares) at Mar. 31, 2026       235,512        
Beginning balance at Mar. 31, 2026 4,226,341   3,340,754 $ 24 6,938,594 64,411 (3,662,275) 885,587
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Issuance of restricted stock units, net of tax withholdings (in shares)       3,693        
Shares issued in connection with the Employee Stock Purchase Plan (in shares)       921        
Shares issued in connection with the Employee Stock Purchase Plan 8,094   8,094   8,094      
Stock-based compensation 21,354   21,354   21,354      
Contributions from noncontrolling interests and redeemable noncontrolling interests 270,645             270,645
Distributions to noncontrolling interests and redeemable noncontrolling interests (53,828)             (53,828)
Net (loss) income (80,145)   115,152       115,152 (195,297)
Acquisition of noncontrolling interest (5,652)   (50)   (50)     (5,602)
Other comprehensive income (loss), net of income taxes $ 4,780   4,780     4,780    
Ending balance (in shares) at Jun. 30, 2026 240,126     240,126        
Ending balance at Jun. 30, 2026 $ 4,391,589   $ 3,490,084 $ 24 $ 6,967,992 $ 69,191 $ (3,547,123) $ 901,505