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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Assets    
Property, plant, and equipment $ 6,148,812 $ 4,149,214
Accumulated depreciation (1,382,298) (1,216,553)
Property, buildings and equipment – net 4,766,514 2,932,661
Operating lease right-of-use assets 291,797 77,723
Accumulated depreciation – operating leases (24,483) (18,110)
Operating leases – net 267,314 59,613
Financing leases:    
Property, plant and equipment - gross 169,929 88,038
Accumulated depreciation – financing leases (40,937) (29,697)
Financing leases – net 128,992 58,341
Cash, cash equivalents, and restricted cash 621,051 240,613
Accounts receivable – net of allowance of $12,286 and $6,927 at December 31, 2020 and 2019, respectively 324,221 214,842
Identifiable intangible assets – net 797,423 284,758
Goodwill 794,335 318,483
Investments in partially owned entities 44,907 0
Other assets 86,394 61,372
Total assets 7,831,151 4,170,683
Liabilities:    
Borrowings under revolving line of credit 0 0
Accounts payable and accrued expenses 552,547 350,963
Mortgage notes, senior unsecured notes and term loan – net of deferred financing costs of $15,952 and $12,996 in the aggregate, at December 31, 2020 and 2019, respectively 2,648,266 1,695,447
Sale-leaseback financing obligations 185,060 115,759
Present value of net minimum payments 125,926 58,170
Total future minimum lease payments less interest 269,147 62,342
Unearned revenue 19,209 16,423
Pension and postretirement benefits 9,145 12,706
Deferred tax liability – net 220,502 17,119
Multiemployer pension plan withdrawal liability 8,528 8,736
Total liabilities 4,038,330 2,337,665
Commitments and contingencies (see Commitments and Contingencies footnote 19 )
Shareholders’ equity:    
Common shares of beneficial interest, $0.01 par value – 325,000,000 and 250,000,000 authorized shares; 251,702,603 and 191,799,909 issued and outstanding at December 31, 2020 and 2019, respectively 2,517 1,918
Paid-in capital 4,687,823 2,582,087
Accumulated deficit and distributions in excess of net earnings (895,521) (736,861)
Accumulated other comprehensive loss (4,379) (14,126)
Total shareholders’ equity 3,790,440 1,833,018
Noncontrolling interests:    
Noncontrolling interests in operating partnership 2,381 0
Total equity 3,792,821 1,833,018
Total liabilities and equity 7,831,151 4,170,683
Land    
Assets    
Property, plant, and equipment 662,885 526,226
Buildings and improvements    
Assets    
Property, plant, and equipment 4,004,824 2,696,732
Financing leases:    
Property, plant and equipment - gross 60,513 11,227
Machinery and equipment    
Assets    
Property, plant, and equipment 1,177,572 817,617
Financing leases:    
Property, plant and equipment - gross 109,416 76,811
Assets under construction    
Assets    
Property, plant, and equipment $ 303,531 $ 108,639