v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Property, buildings, and equipment:    
Land $ 817,453 $ 818,606
Buildings and improvements 4,766,175 4,798,286
Machinery and equipment 1,753,123 1,612,744
Assets under construction 573,897 756,798
Property, buildings and equipment - gross 7,910,648 7,986,434
Accumulated depreciation (2,790,561) (2,641,241)
Property, buildings, and equipment – net 5,120,087 5,345,193
Operating leases - net 162,186 179,935
Financing leases - net 177,341 157,936
Cash, cash equivalents, and restricted cash 40,470 136,863
Accounts receivable - net of allowance of $16,260 and $16,396 at June 30, 2026 and December 31, 2025, respectively 397,253 368,521
Identifiable intangible assets – net 796,956 819,494
Goodwill 826,695 828,335
Investments in and advances to partially owned entities 15,963 39,231
Other assets 274,186 246,090
Total assets 7,811,137 8,121,598
Liabilities    
Borrowings under revolving line of credit 451,285 332,111
Accounts payable and accrued expenses 599,607 574,059
Senior unsecured notes and term loans - net of deferred financing costs of $16,939 and $16,001 at June 30, 2026 and December 31, 2025, respectively 3,790,436 3,792,123
Sale-leaseback financing obligations 40,909 42,352
Financing lease obligations 172,085 152,262
Operating lease obligations 165,195 179,965
Unearned revenues 22,651 20,169
Deferred tax liability - net 110,108 98,591
Other liabilities 7,809 7,953
Total liabilities 5,360,085 5,199,585
Commitments and contingencies (Note 8 - Commitments and Contingencies)
Stockholders' equity:    
Common stock, $0.01 par value per share – 500,000,000 authorized shares; 285,432,128 and 284,871,943 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 2,853 2,848
Paid-in capital 5,673,791 5,664,195
Accumulated deficit and distributions in excess of net earnings (3,208,249) (2,719,408)
Accumulated other comprehensive loss (53,889) (63,190)
Total stockholders’ equity 2,414,506 2,884,445
Noncontrolling interests 36,546 37,568
Total equity 2,451,052 2,922,013
Total liabilities and equity $ 7,811,137 $ 8,121,598