v3.26.3
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 417,532 $ 264,568
Restricted cash 11,143 167,804
Accounts receivable, net 151,412 171,256
Costs and estimated earnings in excess of billings on uncompleted contracts 16,639 28,152
Prepaid expenses and other current assets 247,847 141,651
Total current assets 844,573 773,431
Property and equipment, net 3,401,814 3,401,799
Intangible assets, net 2,794,714 2,882,117
Operating lease right-of-use assets, net 2,543,136 2,540,229
Acquired and other right-of-use assets, net 1,309,213 1,325,443
Other assets 722,908 651,993
Total assets 11,616,358 11,575,012
Current liabilities:    
Accounts payable 65,734 73,034
Accrued expenses 104,041 93,502
Current maturities of long-term debt 3,557,467 1,935,802
Deferred revenue 115,222 117,309
Accrued interest 73,600 65,036
Current lease liabilities 293,884 299,604
Other current liabilities 102,107 94,014
Total current liabilities 4,312,055 2,678,301
Long-term liabilities:    
Long-term debt, net 9,338,474 10,964,466
Long-term lease liabilities 2,051,687 2,119,258
Other long-term liabilities 656,024 588,244
Total long-term liabilities 12,046,185 13,671,968
Redeemable noncontrolling interests 92,883 78,262
Shareholders’ deficit:    
Preferred stock - par value $0.01, 30,000 shares authorized, no shares issued or outstanding
Common stock - Class A, par value $0.01, 400,000 shares authorized, 104,427 shares and 105,666 shares issued and outstanding at September 30, 2026 and December 31, 2025, respectively 1,044 1,057
Additional paid-in capital 3,125,244 3,059,427
Accumulated deficit (7,336,432) (7,249,905)
Accumulated other comprehensive loss, net (624,621) (664,098)
Total shareholders' deficit (4,834,765) (4,853,519)
Total liabilities, redeemable noncontrolling interests, and shareholders' deficit $ 11,616,358 $ 11,575,012