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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Operating activities:    
Net loss $ (58,340) $ (109,469)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 271,106 259,644
Amortization of deferred financing costs and pension withdrawal liability 3,884 3,805
Loss on debt extinguishment and termination of derivative instruments 116,082 1,855
Loss from investments in partially owned entities 3,020 5,727
Stock-based compensation expense 19,866 17,812
Deferred income tax benefit (6,498) (7,553)
Gain from sale of real estate (3,514) (2,259)
(Gain) loss from other asset disposals (945) 388
Impairment of indefinite and long-lived assets 2,953 0
Provision for doubtful accounts receivable 2,984 3,241
Impairment of related party loan receivable 0 21,972
Loss on put option 0 56,576
Loss on classification of Comfrio as held for sale 0 4,616
Non-cash lease expenses 28,289 32,346
Changes in operating assets and liabilities:    
Accounts receivable (35,900) (2,436)
Accounts payable and accrued expenses 610 (39,175)
Other assets (61,795) (34,181)
Operating lease liabilities (26,386) (28,054)
Other (6,144) 8,358
Net cash provided by operating activities 249,272 193,213
Investing activities:    
Additions to property, buildings and equipment (204,257) (188,317)
Business combinations 0 (46,652)
Acquisitions of property, buildings and equipment 0 (43,577)
Investments in and advances to partially owned entities and other (11,445) (20,025)
Net payments for sale of business (discontinued operations) 0 (4,616)
Proceeds from sale of property, buildings and equipment 9,255 7,913
Proceeds from sale of investments in partially owned entities 0 36,896
Net cash used in investing activities  (206,447) (258,378)
Financing activities:    
Distributions paid on common stock, restricted stock units and noncontrolling interests (189,181) (179,562)
Proceeds from stock options exercised 2,777 1,734
Proceeds from employee stock purchase plan 3,069 3,047
Remittance of withholding taxes related to employee stock-based transactions (3,338) (2,236)
Proceeds from revolving line of credit 759,224 545,421
Repayment on revolving line of credit (885,314) (679,155)
Repayment of sale-leaseback financing obligations (5,766) (6,717)
Termination of sale-leaseback financing obligations (190,954) 0
Repayment of financing lease obligations (28,118) (26,390)
Payment of debt issuance costs (4,176) 0
Proceeds from issuance of senior unsecured notes 500,000 0
Net proceeds from issuance of common stock 0 412,918
Net cash (used in) provided by financing activities (41,777) 69,060
Net increase in cash, cash equivalents and restricted cash 1,048 3,895
Effect of foreign currency translation on cash, cash equivalents and restricted cash (169) (3,127)
Cash, cash equivalents and restricted cash:    
Beginning of period 60,392 53,063
End of period 61,271 53,831
Supplemental disclosures of non-cash investing and financing activities:    
Addition of property, buildings and equipment on accrual 29,522 37,823
Addition of property, buildings and equipment under financing lease obligations 20,341 23,786
Addition of property, buildings and equipment under operating lease obligations 1,309 6,049
Supplemental cash flow information:    
Interest paid – net of amounts capitalized 109,986 116,411
Income taxes paid – net of refunds 5,916 5,480
Business Acquisitions    
Allocation of purchase price to business combinations:    
Assets of discontinued operations - held for sale 0 86,085
Accounts payable and accrued expenses [1] 0 46,652
Liabilities of discontinued operations - held for sale 0 (86,085)
Total consideration 0 46,652
Asset Acquisitions    
Allocation of purchase price of property, buildings and equipment to:    
Cash paid for acquisitions of property, buildings and equipment 0 43,577
Asset Acquisitions | Land    
Allocation of purchase price of property, buildings and equipment to:    
Property, plant and equipment, additions 0 11,447
Asset Acquisitions | Buildings and improvements    
Allocation of purchase price of property, buildings and equipment to:    
Property, plant and equipment, additions 0 22,300
Asset Acquisitions | Machinery and equipment    
Allocation of purchase price of property, buildings and equipment to:    
Property, plant and equipment, additions $ 0 $ 9,830
[1]
(1)Accounts payable and accrued expenses activity as of September 30, 2023 represents the relief of the remaining put option liability for Comfrio.