v3.26.3
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Property, buildings, and equipment:    
Land $ 778,170 $ 818,606
Buildings and improvements 4,322,321 4,798,286
Machinery and equipment 1,652,786 1,612,744
Assets under construction 541,670 756,798
Property, buildings and equipment - gross 7,294,947 7,986,434
Accumulated depreciation (2,652,326) (2,641,241)
Property, buildings, and equipment – net 4,642,621 5,345,193
Operating leases - net 156,240 179,935
Financing leases - net 184,461 157,936
Cash, cash equivalents, and restricted cash 35,979 136,863
Accounts receivable - net of allowance of $16,818 and $16,396 at September 30, 2026 and December 31, 2025, respectively 386,657 368,521
Identifiable intangible assets – net 787,473 819,494
Goodwill 826,564 828,335
Total investments in and advances to partially owned entities 168,735 39,231
Other assets 327,624 246,090
Total assets 7,516,354 8,121,598
Liabilities    
Borrowings under revolving line of credit 216,240 332,111
Accounts payable and accrued expenses 577,511 574,059
Senior unsecured notes and term loans - net of deferred financing costs of $15,541 and $16,001 at September 30, 2026 and December 31, 2025, respectively 2,889,998 3,792,123
Sale-leaseback financing obligations 40,165 42,352
Financing lease obligations 179,645 152,262
Operating lease obligations 165,104 179,965
Unearned revenues 20,788 20,169
Deferred tax liability - net 167,676 98,591
Repurchase obligation 72,422 0
Other liabilities 101,368 7,953
Total liabilities 4,430,917 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; 285,518,624 and 284,871,943 shares issued and outstanding at September 30, 2026 and December 31, 2025, respectively 2,854 2,848
Paid-in capital 5,678,145 5,664,195
Accumulated deficit and distributions in excess of net earnings (2,591,112) (2,719,408)
Accumulated other comprehensive loss (50,002) (63,190)
Total stockholders’ equity 3,039,885 2,884,445
Noncontrolling interests 45,552 37,568
Total equity 3,085,437 2,922,013
Total liabilities and equity $ 7,516,354 $ 8,121,598