v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating activities:    
Net loss $ (360,152) $ (14,923)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 194,591 179,444
Amortization of deferred financing costs and pension withdrawal liability 3,138 2,923
Project Orion deferred costs amortization 5,189 6,871
Gain from sale of partially owned entity 0 (2,420)
Loss from investments in partially owned entities 932 1,698
Stock-based compensation expense 14,043 15,805
Deferred income tax expense 11,712 1,818
Provision for doubtful accounts receivable 2,322 1,344
Impairment of long-lived assets 309,572 5,226
Non-cash operating lease expenses 16,639 18,951
Net gain from sale of real estate (5,521) (11,760)
Changes in operating assets and liabilities:    
Accounts receivable (30,524) 26,937
Accounts payable and accrued expenses 19,415 (36,265)
Other assets (22,924) (27,006)
Operating lease liabilities (15,617) (18,449)
Proceeds from settlement of treasury lock hedge transactions 0 1,292
Other, net (2,815) (967)
Net cash provided by operating activities 140,000 150,519
Investing activities:    
Additions to property, buildings and equipment (250,422) (290,218)
Acquisitions of property, buildings, and equipment, net of cash acquired (18,707) 0
Business combinations, net of cash acquired 0 (108,448)
Investments in and advances to partially owned entities and other, net 0 (19,216)
Proceeds from collection of advances to partially owned entities 23,388 0
Proceeds from sale of property, buildings, and equipment 30,008 21,581
Proceeds from sale of investments in partially owned entities 0 27,471
Net cash used in investing activities (215,733) (368,830)
Financing activities:    
Distributions paid on common stock, restricted stock units and noncontrolling interests in OP (132,595) (129,632)
Proceeds from stock options exercised 2,047 2,293
Proceeds from employee stock purchase plan 0 1,577
Remittance of withholding taxes related to employee stock-based transactions (2,456) (2,646)
Proceeds from revolving line of credit 618,718 314,735
Repayment on revolving line of credit (505,448) (298,000)
Repayment of sale-leaseback financing obligations (1,444) (1,969)
Repayment of financing lease obligations (21,775) (14,854)
Payment of debt issuance costs (10,436) (4,186)
Proceeds from public senior unsecured notes offering 0 400,000
Repayment of senior unsecured notes (200,000) 0
Proceeds from senior unsecured term loans 232,515 0
Net cash (used in) provided by financing activities (20,874) 267,318
Net (decrease) increase in cash, cash equivalents, and restricted cash (96,607) 49,007
Effect of foreign currency translation on cash, cash equivalents and restricted cash 214 4,717
Cash, cash equivalents and restricted cash:    
Beginning of period 136,863 47,652
End of period 40,470 101,376
Supplemental disclosures of non-cash investing and financing activities:    
Addition of property, buildings, and equipment on accrual 45,753 36,178
Operating leases 2,015 8,215
Finance leases 41,685 35,988
Supplemental disclosures of cash flows information:    
Interest paid – net of amounts capitalized 84,831 64,650
Income taxes paid – net of refunds $ 2,952 $ 3,986