v3.26.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Operating activities:    
Net income (loss) $ 330,384 $ (26,372)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 300,257 267,467
Amortization of deferred financing costs and pension withdrawal liability 4,984 4,402
Project Orion deferred costs amortization 7,904 15,649
Gain from sale of partially owned entity 0 (2,420)
Loss from investments in partially owned entities 3,330 1,739
Stock-based compensation expense 19,865 25,855
Deferred income tax expense (benefit) 8,692 (4,567)
Provision for doubtful accounts receivable 3,551 3,666
Impairment of long-lived assets 314,195 5,303
Non-cash operating lease expenses 24,046 28,477
Net gain from sale of real estate (17,647) (11,617)
Gain on contribution of real estate assets (721,381) 0
Changes in operating assets and liabilities:    
Accounts receivable (21,398) 21,019
Accounts payable and accrued expenses 11,654 (50,674)
Other assets (21,782) (25,307)
Other liabilities 854 0
Operating lease liabilities (22,338) (27,550)
Proceeds from settlement of treasury lock hedge transactions 0 1,292
Other, net (904) 3,072
Net cash provided by operating activities 224,266 229,434
Investing activities:    
Additions to property, buildings and equipment (346,487) (434,485)
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 (1,711) (19,693)
Proceeds from contribution of real estate assets 1,100,672 0
Proceeds from collection of advances to partially owned entities 23,388 0
Proceeds from sale of property, buildings, and equipment 78,111 25,457
Proceeds from sale of investments in partially owned entities 0 27,471
Payment for foreign currency exchange forwards settlement 0 (1,493)
Net cash provided by (used in) investing activities 835,266 (511,191)
Financing activities:    
Distributions paid on common stock, restricted stock units and noncontrolling interests in OP (198,898) (195,727)
Proceeds from stock options exercised 2,389 2,810
Proceeds from employee stock purchase plan 0 1,577
Remittance of withholding taxes related to employee stock-based transactions (1,799) (3,431)
Proceeds from revolving line of credit 731,876 456,269
Repayment on revolving line of credit (852,449) (366,000)
Repayment of sale-leaseback financing obligations (2,188) (3,076)
Repayment of financing lease obligations (38,210) (24,311)
Payment of debt issuance costs (11,087) (4,713)
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
Repurchase Obligation Proceeds From Partially Owned Entities 72,422 0
Repayment of senior unsecured term loans (895,000) 0
Net cash (used in) provided by financing activities (1,160,429) 263,398
Net decrease in cash, cash equivalents, and restricted cash (100,897) (18,359)
Effect of foreign currency translation on cash, cash equivalents and restricted cash 13 4,045
Cash, cash equivalents and restricted cash:    
Beginning of period 136,863 47,652
End of period 35,979 33,338
Supplemental disclosures of non-cash investing and financing activities:    
Contribution of property, buildings, and equipment in exchange for equity method investment in EQT JV 154,006 0
Addition of property, buildings, and equipment on accrual 26,202 72,880
Operating leases 2,379 16,034
Finance leases 66,145 61,609
Supplemental disclosures of cash flows information:    
Interest paid – net of amounts capitalized 138,673 112,669
Income taxes paid – net of refunds $ 4,162 $ 5,236