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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Property, buildings, and equipment:    
Land $ 823,897 $ 818,606
Buildings and Improvements, Gross 4,918,058 4,798,286
Machinery and Equipment, Gross 1,690,943 1,612,744
Construction in Progress, Gross 687,313 756,798
Property, buildings and equipment - gross 8,120,211 7,986,434
Accumulated depreciation (2,715,576) (2,641,241)
Property, buildings, and equipment – net 5,404,635 5,345,193
Operating leases - net 170,772 179,935
Financing leases - net 166,336 157,936
Cash, cash equivalents, and restricted cash 39,828 136,863
Accounts receivable - net of allowance of $15,743 and $16,396 at March 31, 2026 and December 31, 2025, respectively 372,131 368,521
Identifiable intangible assets – net 807,195 819,494
Goodwill 828,260 828,335
Investments in and advances to partially owned entities 39,503 39,231
Other assets 254,980 246,090
Total assets 8,083,640 8,121,598
Liabilities    
Borrowings under revolving line of credit 606,154 332,111
Accounts payable and accrued expenses 547,710 574,059
Senior unsecured notes and term loans - net of deferred financing costs of $15,101 and $16,001 at March 31, 2026 and December 31, 2025, respectively 3,576,456 3,792,123
Sale-leaseback financing obligations 41,623 42,352
Financing lease obligations 158,858 152,262
Operating lease obligations 172,090 179,965
Unearned revenues 21,389 20,169
Deferred tax liability - net 92,875 98,591
Other liabilities 7,830 7,953
Total liabilities 5,224,985 5,199,585
Commitments and contingencies (Note 8 - Commitments and Contingencies)
Stockholders' equity:    
Common stock, $0.01 par value per share – 500,000,000 authorized shares; 285,294,874 and 284,871,943 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively 2,852 2,848
Paid-in capital 5,670,634 5,664,195
Accumulated deficit and distributions in excess of net earnings (2,799,205) (2,719,408)
Accumulated other comprehensive loss (54,508) (63,190)
Total stockholders’ equity 2,819,773 2,884,445
Noncontrolling interests 38,882 37,568
Total equity 2,858,655 2,922,013
Total liabilities and equity $ 8,083,640 $ 8,121,598