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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flow from operating activities      
Net (loss) income $ (81,749) $ (8,122) $ 124,745
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation and amortization 310,528 292,788 290,942
Amortization of deferred financing costs and debt discount 18,498 18,147 18,122
Loss (Gain) on debt extinguishment 31,187 (10,754) 49,280
Interest rate swap termination 0 9,243 11,317
Deferred income taxes (68,497) (28,909) (6,467)
Equity in earnings from unconsolidated entities (2,662) (2,371) (2,102)
Distributions of cumulative earnings from unconsolidated entities 3,964 3,969 3,922
Cash paid for interest rate swap settlement 0 (10,413) (12,483)
Straight-line rental revenues (37,944) (40,925) (41,239)
Stock-based compensation 12,491 12,751 13,847
Gain on sale of operations 0 (176) (28,143)
Gain on sale of unconsolidated entity (2,646) (7,923) 0
Goodwill impairment (Note 3) 203,998 240,500 0
Gain on prepayment of settlement payable (Note 3) 0 0 (5,432)
(Gain) Loss on asset disposals (573) 898 (213)
Gain on sale of real estate (2,164) (433) (442)
Accretion of settlement payable 10,506 11,714 16,901
Other 701 (72) 145
Changes in assets and liabilities, net of acquisitions:      
Accounts receivable (3,727) (4,176) 24,497
Other assets 15,795 15,148 14,161
Accounts payable, accrued expenses and other liabilities (54,577) (30,769) 27,799
Net cash provided by operating activities 353,129 460,115 499,157
Cash flow from investing activities      
Proceeds from sale of other equipment 3,146 1,815 1,487
Proceeds from sale of operations (Note 6) 0 541 62,113
Proceeds from sale of real estate, net of cash 2,545 665 1,034
Proceeds from sale of unconsolidated entity 0 32,527 0
Capital expenditures (417,002) (427,567) (385,855)
Net cash used in by investing activities (411,311) (392,019) (321,221)
Cash flow from financing activities      
Repayment of debt (2,263,662) (194,043) (2,260,000)
Proceeds from issuance of Notes 2,600,000 306,500 2,380,000
Dividends paid (107,405) (142,950) (141,371)
Payments of settlement payable (98,022) 0 (190,924)
Payments of contingent consideration 0 0 (2,979)
Borrowings under revolving credit facility 506,000 180,000 310,000
Payments under revolving credit facility (486,000) (192,000) (220,000)
Finance lease payments (2,262) (1,193) (2,019)
Payments for financing costs (26,955) (9,852) (27,660)
Payments for capped call option 0 (21,149) 0
Payment for settlement of common stock warrant (56) (522) 0
Proceeds from termination of bond hedge option 59 1,190 0
Costs related to early repayment of debt (44,303) 0 (36,486)
Distributions paid to noncontrolling interest (48) (233) (1,700)
Payment for exchange of noncontrolling interest 0 (4,620) 0
Proceeds from employee stock purchase plan 730 589 672
Payments related to tax withholding for stock-based compensation (1,433) (4,913) (4,100)
Net cash provided by (used in) financing activities 76,643 (83,196) (196,567)
Net increase (decrease) in cash and cash equivalents 18,461 (15,100) (18,631)
Cash and cash equivalents at beginning of period 43,803 58,903 77,534
Cash and cash equivalents at end of period 62,264 43,803 58,903
Non-cash investing and financing activities:      
Property and equipment acquired but not yet paid 8,798 8,519 15,395
Tenant capital improvements 167,763 119,685 139,012
Sale of unconsolidated entity $ 40,000 $ 0 $ 0