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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Property, buildings and equipment:    
Property, buildings and equipment - gross $ 7,104,079 $ 6,967,267
Accumulated depreciation (2,042,566) (1,901,450)
Property, buildings and equipment – net 5,061,513 5,065,817
Operating lease right-of-use assets 356,636 352,553
Accumulated depreciation – operating leases (91,095) (76,334)
Operating leases – net 265,541 276,219
Financing leases:    
Financing leases - gross 153,173 140,555
Accumulated depreciation – financing leases (67,163) (57,626)
Financing leases – net 86,010 82,929
Cash, cash equivalents and restricted cash 48,873 53,063
Accounts receivable – net of allowance of $15,891 and $15,951 at June 30, 2023 and December 31, 2022, respectively 465,571 430,042
Identifiable intangible assets – net 914,173 925,223
Goodwill 1,036,332 1,033,637
Investments in partially owned entities and other 36,957 78,926
Other assets 194,421 158,705
Assets held for sale 106,368 0
Total assets 8,215,759 8,104,561
Liabilities:    
Borrowings under revolving line of credit 723,436 500,052
Accounts payable and accrued expenses 527,073 557,540
Senior unsecured notes and term loans – net of deferred financing costs of $11,848 and $13,044, in the aggregate, at June 30, 2023 and December 31, 2022, respectively 2,590,127 2,569,281
Sale-leaseback financing obligations 166,654 171,089
Financing lease obligations 76,502 77,561
Operating lease obligations 255,819 264,634
Unearned revenue 31,180 32,046
Pension and postretirement benefits 1,580 1,531
Deferred tax liability – net 133,236 135,098
Multi-employer pension plan withdrawal liability 7,641 7,851
Liabilities held for sale 112,752 0
Total liabilities 4,626,000 4,316,683
Commitments and contingencies (Note 8)
Stockholders’ equity:    
Common stock, $0.01 par value per share – 500,000,000 authorized shares; 270,186,276 and 269,814,956 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively 2,702 2,698
Paid-in capital 5,203,891 5,191,969
Accumulated deficit and distributions in excess of net earnings (1,641,872) (1,415,198)
Accumulated other comprehensive income (loss) 10,377 (6,050)
Total stockholders’ equity 3,575,098 3,773,419
Noncontrolling interests:    
Noncontrolling interests in Operating Partnership 14,661 14,459
Total equity 3,589,759 3,787,878
Total liabilities and equity 8,215,759 8,104,561
Land    
Property, buildings and equipment:    
Property, buildings and equipment - gross 797,381 786,975
Buildings and improvements    
Property, buildings and equipment:    
Property, buildings and equipment - gross 4,373,257 4,245,607
Financing leases:    
Financing leases - gross 13,544 13,546
Machinery and equipment    
Property, buildings and equipment:    
Property, buildings and equipment - gross 1,438,824 1,407,874
Financing leases:    
Financing leases - gross 139,629 127,009
Assets under construction    
Property, buildings and equipment:    
Property, buildings and equipment - gross $ 494,617 $ 526,811