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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Property, buildings and equipment:    
Land and buildings and improvements, gross value $ 4,577,758 $ 4,149,214
Accumulated depreciation and depletion (1,339,562) (1,216,553)
Property, buildings and equipment – net 3,238,196 2,932,661
Operating lease right-of-use assets 68,512 77,723
Accumulated depreciation – operating leases (22,065) (18,110)
Operating leases – net 46,447 59,613
Financing leases:    
Financing leases - gross 118,188 88,038
Accumulated depreciation – financing leases (36,212) (29,697)
Financing leases – net 81,976 58,341
Cash and cash equivalents 173,913 234,303
Restricted cash 7,441 6,310
Accounts receivable – net of allowance of $12,452 and $6,927 at September 30, 2020 and December 31, 2019, respectively 217,486 214,842
Identifiable intangible assets – net 363,698 284,758
Goodwill 399,301 318,483
Investments in partially owned entities 21,536 0
Other assets 68,112 61,372
Total assets 4,618,106 4,170,683
Liabilities:    
Accounts payable and accrued expenses 356,734 350,963
Mortgage notes, senior unsecured notes and term loans – net of unamortized deferred financing costs of $13,607 and $12,996, in the aggregate, at September 30, 2020 and December 31, 2019, respectively 1,827,484 1,695,447
Sale-leaseback financing obligations 113,023 115,759
Financing lease obligations 79,973 58,170
Operating lease obligations 49,198 62,342
Unearned revenue 17,172 16,423
Pension and postretirement benefits 9,589 12,706
Deferred tax liability – net 47,481 17,119
Multi-employer pension plan withdrawal liability 8,580 8,736
Total liabilities 2,509,234 2,337,665
Shareholders’ equity:    
Common shares of beneficial interest, $0.01 par value – 325,000,000 and 250,000,000 authorized shares; 203,679,575 and 191,799,909 shares issued and outstanding at September 30, 2020 and December 31, 2019, respectively 2,037 1,918
Paid-in capital 2,936,762 2,582,087
Accumulated deficit and distributions in excess of net earnings (797,935) (736,861)
Accumulated other comprehensive loss (31,992) (14,126)
Total shareholders’ equity 2,108,872 1,833,018
Total liabilities and shareholders’ equity 4,618,106 4,170,683
Land    
Property, buildings and equipment:    
Land and buildings and improvements, gross value 533,822 526,226
Buildings and improvements    
Property, buildings and equipment:    
Land and buildings and improvements, gross value 2,954,633 2,696,732
Financing leases:    
Financing leases - gross 13,627 11,227
Machinery and equipment    
Property, buildings and equipment:    
Land and buildings and improvements, gross value 907,006 817,617
Financing leases:    
Financing leases - gross 104,561 76,811
Assets under construction    
Property, buildings and equipment:    
Land and buildings and improvements, gross value $ 182,297 $ 108,639