XML 31 R7.htm IDEA: XBRL DOCUMENT v3.25.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Operating activities:    
Net loss $ (26,372) $ (58,340)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 267,467 271,106
Amortization of deferred financing costs and pension withdrawal liability 4,402 3,884
Project Orion and other software related deferred costs amortization 15,649 2,391
Loss on debt extinguishment and termination of derivative instruments 0 116,082
Gain from sale of partially owned entity (2,420) 0
Loss from investments in partially owned entities 1,739 3,020
Stock-based compensation expense 25,855 19,866
Deferred income tax benefit (4,567) (6,498)
Provision for doubtful accounts receivable 3,666 2,984
Impairment of long-lived assets 5,303 2,953
Non-cash operating lease expenses 28,477 28,289
Net gain from sale of real estate (11,617) (3,514)
Changes in operating assets and liabilities:    
Accounts receivable 21,019 (35,900)
Accounts payable and accrued expenses (50,674) 610
Other assets (25,307) (64,186)
Operating lease liabilities (27,550) (26,386)
Proceeds from settlement of treasury lock hedge transactions 1,292 0
Other, net 3,072 (7,089)
Net cash provided by operating activities 229,434 249,272
Investing activities:    
Additions to property, buildings, and equipment (434,485) (204,257)
Business combinations, net of cash acquired (108,448) 0
Investments in and advances to partially owned entities and other (19,693) (11,445)
Proceeds from sale of property, buildings, and equipment 25,457 9,255
Proceeds from sale of investment in partially owned entity 27,471 0
Payment for foreign currency exchange forwards settlement (1,493) 0
Net cash used in investing activities  (511,191) (206,447)
Financing activities:    
Distributions paid on common stock, restricted stock units and noncontrolling interests in OP (195,727) (189,181)
Proceeds from stock options exercised 2,810 2,777
Proceeds from employee stock purchase plan 1,577 3,069
Remittance of withholding taxes related to employee stock-based transactions (3,431) (3,338)
Proceeds from revolving line of credit 456,269 759,224
Repayment on revolving line of credit (366,000) (885,314)
Repayment of sale-leaseback financing obligations (3,076) (5,766)
Termination of sale-leaseback financing obligations 0 (190,954)
Repayment of financing lease obligations (24,311) (28,118)
Payment of debt issuance costs (4,713) (4,176)
Proceeds from public senior unsecured notes offering 400,000 500,000
Net cash provided by (used in) financing activities 263,398 (41,777)
Net (decrease) increase in cash, cash equivalents and restricted cash (18,359) 1,048
Effect of foreign currency translation on cash, cash equivalents and restricted cash 4,045 (169)
Cash, cash equivalents and restricted cash:    
Beginning of period 47,652 60,392
End of period 33,338 61,271
Supplemental disclosures of non-cash investing and financing activities:    
Addition of property, buildings, and equipment on accrual 72,880 29,522
Operating leases 16,034 1,309
Finance leases 61,609 20,341
Supplemental disclosures of cash flows information:    
Interest paid – net of amounts capitalized 112,669 109,986
Income taxes paid – net of refunds $ 5,236 $ 5,916