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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Operating activities:      
Net loss $ (115,282) $ (94,749) $ (336,269)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Depreciation and amortization 367,362 360,817 353,743
Amortization of deferred financing costs and pension withdrawal liability 5,869 5,329 5,095
Project Orion and other software related deferred costs amortization 16,596 4,182 0
Loss on debt extinguishment and termination of derivative instruments 0 116,082 2,482
Gain from sale of partially owned entity (2,420) 0 0
Loss from investments in partially owned entities 2,112 3,702 5,553
Stock-based compensation expense 30,190 28,233 23,592
Deferred income tax benefit (26,584) (13,210) (10,781)
Provision for doubtful accounts receivable 5,112 7,633 6,422
Impairment of indefinite and long-lived assets 47,099 33,126 236,515
Impairment of related party loan receivable 0 0 21,972
Loss on put option 0 0 56,576
Loss on classification of Comfrio as held for sale 0 0 4,616
Non-cash operating lease expenses 37,925 42,751 42,841
Net loss (gain) from sale of real estate 44,324 (3,514) (2,254)
Changes in operating assets and liabilities:      
Accounts receivable 20,929 22,748 (2,748)
Accounts payable and accrued expenses (17,044) 17,349 23,545
Other assets (22,230) (66,892) (49,635)
Operating lease liabilities (36,835) (40,345) (37,605)
Proceeds from settlement of treasury lock hedge transactions 1,292 0 0
Other, net 1,226 (11,365) 22,495
Net cash provided by operating activities 359,641 411,877 366,155
Investing activities:      
Additions to property, buildings and equipment (576,845) (309,458) (264,467)
Business combinations, net of cash acquired (108,448) 0 (46,653)
Acquisitions of property, buildings, equipment, and other assets, net of cash acquired 0 0 (65,771)
Investments in and advances to partially owned entities and other, net (24,553) (13,049) (20,533)
Net payments for sale of business (discontinued operations) 0 0 (4,616)
Proceeds from sale of property, buildings, and equipment 25,867 9,324 8,071
Proceeds from sale of investments in partially owned entities 27,471 0 36,896
Payment for foreign currency exchange forwards settlement (1,493) 0 0
Net cash used in investing activities (658,001) (313,183) (357,073)
Financing activities:      
Distributions paid on common stock, restricted stock units and noncontrolling interests in OP (261,375) (252,119) (242,221)
Proceeds from stock options exercised 2,864 2,828 2,952
Proceeds from employee stock purchase plan 1,577 3,069 3,047
Remittance of withholding taxes related to employee stock-based transactions (3,178) (3,646) (3,375)
Proceeds from revolving line of credit 627,477 827,224 716,326
Repayment on revolving line of credit (572,000) (942,183) (832,519)
Repayment of sale-leaseback financing obligations (4,250) (7,091) (17,891)
Termination of sale-leaseback financing obligations (15,289) (190,954) 0
Repayment of financing lease obligations (37,689) (37,921) (39,214)
Payment of debt issuance costs (4,881) (5,992) 0
Proceeds from public senior unsecured notes offering 400,000 500,000 0
Proceeds from senior unsecured term loans 250,000 0 0
Net proceeds from issuance of common stock 0 0 412,610
Net cash provided by (used in) financing activities 383,256 (106,785) (285)
Net increase (decrease) in cash, cash equivalents and restricted cash 84,896 (8,091) 8,797
Effect of foreign currency translation on cash, cash equivalents and restricted cash 4,315 (4,649) (1,468)
Cash, cash equivalents and restricted cash:      
Beginning of period 47,652 60,392 53,063
End of period 136,863 47,652 60,392
Supplemental disclosures of non-cash investing and financing activities:      
Addition of property, buildings and equipment on accrual 40,753 32,538 34,034
Operating leases 24,614 11,186 6,244
Finance leases 94,699 38,989 59,276
Supplemental disclosures of cash flows information:      
Interest paid – net of amounts capitalized 138,449 122,023 134,513
Income taxes paid – net of refunds 5,851 6,718 5,828
Allocation of purchase price of business combinations, net of cash acquired to:      
Goodwill 828,335 784,042 794,004
Business Acquisitions      
Allocation of purchase price of business combinations, net of cash acquired to:      
Land 9,990 0 0
Buildings and improvements 41,460 0 0
Machinery and equipment 19,281 0 0
Goodwill 38,499 0 0
Cash and cash equivalents 4 0 0
Deferred revenue (204) 0 0
Accounts payable and accrued expenses [1] (582) 0 46,653
Assets of discontinued operations - held for sale 0 0 86,085
Liabilities of discontinued operations - held for sale 0 0 (86,085)
Total consideration 108,448 0 46,653
Asset Acquisitions      
Allocation of purchase price of property, buildings, equipment, and other assets, net of cash acquired to:      
Other assets and liabilities, net 0 0 239
Cash paid for acquisitions of property, buildings, equipment, and other assets, net 0 0 65,771
Asset Acquisitions | Land      
Allocation of purchase price of property, buildings, equipment, and other assets, net of cash acquired to:      
Property, plant and equipment, additions 0 0 15,551
Asset Acquisitions | Building and improvements      
Allocation of purchase price of property, buildings, equipment, and other assets, net of cash acquired to:      
Property, plant and equipment, additions 0 0 35,551
Asset Acquisitions | Machinery and equipment      
Allocation of purchase price of property, buildings, equipment, and other assets, net of cash acquired to:      
Property, plant and equipment, additions $ 0 $ 0 $ 14,430
[1]
(1)Accounts payable and accrued expenses activity as of December 31, 2023 represents the relief of the remaining put option liability for Comfrio.