v3.26.3
CONDENSED CONSOLIDATED STATEMENT OF EQUITY - USD ($)
$ in Thousands
Redeemable Noncontrolling Interests
Preferred Stock
Common Stock
Columbia Capital Acquisition
Common Stock
Blackstone
Common Stock
Additional Paid-in Capital
Columbia Capital Acquisition
Additional Paid-in Capital
Blackstone
Additional Paid-in Capital
Accumulated Dividends in Excess of Earnings
Accumulated Other Comprehensive Income Loss, Net
Noncontrolling Interests
Columbia Capital Acquisition
Blackstone
Total
Beginning balance at Dec. 31, 2024 $ 1,433,185 $ 731,690     $ 3,337     $ 28,079,738 $ (6,292,085) $ (1,182,283) $ 402,198     $ 21,742,595
Beginning balance (shares) at Dec. 31, 2024         336,636,742                  
CONDENSED CONSOLIDATED STATEMENT OF EQUITY                            
Conversion of common units to common stock               13,507     (13,507)      
Conversion of common units to common stock (shares)         160,028                  
Effect of equity compensation plans         $ 38     81,275           81,313
Effect of equity compensation plans (shares)         288,904                  
Issuance of common stock, net of costs         $ 25     1,029,165           1,029,190
Issuance of common stock, net of costs (shares)         5,955,487                  
Reclassification of vested share-based awards               (22,233)     22,233      
Adjustment to redeemable noncontrolling interests (880)             880           880
Dividends declared on preferred stock                 (30,543)         (30,543)
Dividends and distributions on common stock and common and incentive units (570)               (1,245,815)   (22,696)     (1,268,511)
Contributions from (distributions to) noncontrolling interests                     3,717     3,717
Deconsolidation of noncontrolling interest in consolidated entities                     (5,229)     (5,229)
Net income (loss) (17,520)               1,209,942   24,632     1,234,574
Other comprehensive income (loss) 121,757                 648,392 16,872     665,264
Ending balance at Sep. 30, 2025 1,535,972 731,690     $ 3,400     29,182,332 (6,358,501) (533,891) 428,220     23,453,250
Ending balance (shares) at Sep. 30, 2025         343,041,161                  
Beginning balance at Jun. 30, 2025 1,505,889 731,690     $ 3,374     28,720,826 (5,997,607) (543,756) 441,430     23,355,957
Beginning balance (shares) at Jun. 30, 2025         340,372,076                  
CONDENSED CONSOLIDATED STATEMENT OF EQUITY                            
Conversion of common units to common stock               5,935     (5,935)      
Conversion of common units to common stock (shares)         69,038                  
Effect of equity compensation plans         $ 1     31,877           31,878
Effect of equity compensation plans (shares)         131,957                  
Issuance of common stock, net of costs         $ 25     424,002           424,027
Issuance of common stock, net of costs (shares)         2,468,090                  
Reclassification of vested share-based awards               (534)     534      
Adjustment to redeemable noncontrolling interests (226)             226           226
Dividends declared on preferred stock                 (10,181)         (10,181)
Dividends and distributions on common stock and common and incentive units (190)               (418,525)   (7,479)     (426,004)
Contributions from (distributions to) noncontrolling interests                     1,981     1,981
Deconsolidation of noncontrolling interest in consolidated entities                     (5,229)     (5,229)
Net income (loss) (5,840)               67,812   1,741     69,553
Other comprehensive income (loss) 36,339                 9,865 1,177     11,042
Ending balance at Sep. 30, 2025 1,535,972 731,690     $ 3,400     29,182,332 (6,358,501) (533,891) 428,220     23,453,250
Ending balance (shares) at Sep. 30, 2025         343,041,161                  
Beginning balance at Dec. 31, 2025 1,498,975 731,690     $ 3,406     29,350,487 (6,690,722) (469,198) 421,336     23,346,999
Beginning balance (shares) at Dec. 31, 2025         343,557,430                  
CONDENSED CONSOLIDATED STATEMENT OF EQUITY                            
Conversion of common units to common stock         $ 2     28,666     (28,668)      
Conversion of common units to common stock (shares)         495,991                  
Effect of equity compensation plans               87,112           87,112
Effect of equity compensation plans (shares)         348,832                  
Issuance of common stock, net of costs         $ 162     2,952,784           2,952,946
Issuance of common stock, net of costs (shares)         15,854,833                  
Common stock issued in connection with the acquisition     $ 23 $ 123   $ 452,996 $ 2,345,964         $ 453,019 $ 2,346,087  
Common stock issued in connection with the acquisition (shares)     2,320,200 12,310,249                    
Common units issued in connection with the Astra acquisition                     103,981     103,981
Reclassification of vested share-based awards               (38,701)     38,701      
Adjustment to redeemable noncontrolling interests 102,178             (102,178)           (102,178)
Dividends declared on preferred stock                 (30,543)         (30,543)
Dividends and distributions on common stock and common and incentive units (570)               (1,318,942)   (23,782)     (1,342,724)
Contributions from (distributions to) noncontrolling interests 300                   3,948     3,948
Purchase of noncontrolling interests               497           497
Net income (loss) (17,022)               827,909   15,135     843,044
Other comprehensive income (loss) 12,570                 (19,210) 1,096     (18,114)
Ending balance at Sep. 30, 2026 1,596,431 731,690     $ 3,716     35,077,627 (7,212,298) (488,408) 531,747     28,644,074
Ending balance (shares) at Sep. 30, 2026         374,887,535                  
Beginning balance at Jun. 30, 2026 1,567,282 731,690     $ 3,669     34,160,611 (6,939,476) (522,024) 544,684     27,979,154
Beginning balance (shares) at Jun. 30, 2026         370,010,105                  
CONDENSED CONSOLIDATED STATEMENT OF EQUITY                            
Conversion of common units to common stock               1,611     (1,611)      
Conversion of common units to common stock (shares)         17,150                  
Effect of equity compensation plans               35,444           35,444
Effect of equity compensation plans (shares)         150,830                  
Issuance of common stock, net of costs         $ 24     457,240           457,264
Issuance of common stock, net of costs (shares)         2,389,250                  
Common stock issued in connection with the acquisition     $ 23     $ 452,996           $ 453,019    
Common stock issued in connection with the acquisition (shares)     2,320,200                      
Reclassification of vested share-based awards               6,610     (6,610)      
Adjustment to redeemable noncontrolling interests 37,382             (37,382)           (37,382)
Dividends declared on preferred stock                 (10,181)         (10,181)
Dividends and distributions on common stock and common and incentive units (190)               (457,987)   (8,034)     (466,021)
Contributions from (distributions to) noncontrolling interests                     (153)     (153)
Purchase of noncontrolling interests               497           497
Net income (loss) (4,673)               195,346   2,938     198,284
Other comprehensive income (loss) (3,370)                 33,616 533     34,149
Ending balance at Sep. 30, 2026 $ 1,596,431 $ 731,690     $ 3,716     $ 35,077,627 $ (7,212,298) $ (488,408) $ 531,747     $ 28,644,074
Ending balance (shares) at Sep. 30, 2026         374,887,535