Interest Expense

12 Months Ended

Dec. 31, 2024

Interest Expense, Operating and Nonoperating [Abstract]

Interest Expense

Interest Expense

The following table shows the components of interest for the years ended December 31, 2024, 2023 and 2022:

	Year Ended December 31, 2024		Year Ended December 31, 2023		Year Ended December 31, 2022
	(in thousands)
Interest on borrowings	$	824,386	$	698,003	$	532,579
Less capitalized interest	(42,390)		(43,093)		(39,655)
Interest	781,996		654,910		492,924
Amortization of discounts and deferred debt issue costs	54,823		54,053		53,254
Interest expense	$	836,819	$	708,963	$	546,178