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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flow from operating activities      
Net income (loss) $ 93,432 $ (81,749) $ (8,122)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 314,810 310,528 292,788
Amortization of deferred financing costs and debt discount 22,738 18,498 18,147
Loss (Gain) on debt extinguishment 0 31,187 (10,754)
Interest rate swap termination 1,489 0 9,243
Interest rate cap amortization 1,489 0 9,243
Deferred income taxes (18,917) (68,497) (28,909)
Equity in earnings from unconsolidated entities 0 (2,662) (2,371)
Distributions of cumulative earnings from unconsolidated entities 0 3,964 3,969
Cash paid for interest rate swap settlement 0 0 (10,413)
Cash paid for interest rate cap (2,200) 0 0
Straight-line rental revenues (30,584) (37,944) (40,925)
Stock-based compensation 13,508 12,491 12,751
Goodwill impairment (Note 3) 0 203,998 240,500
(Gain) Loss on asset disposals (872) (573) 898
Gain on sale of real estate (18,953) (2,164) (433)
Gain on sale of operations 0 0 (176)
Gain on sale of unconsolidated entity 0 (2,646) (7,923)
Accretion of settlement payable 6,224 10,506 11,714
Other 2,767 701 (72)
Changes in assets and liabilities:      
Accounts receivable (5,060) (3,727) (4,176)
Other assets 15,961 15,795 15,148
Accounts payable, accrued expenses and other liabilities (27,648) (54,577) (30,769)
Net cash provided by operating activities 366,695 353,129 460,115
Cash flow from investing activities      
Capital expenditures (354,834) (417,002) (427,567)
Proceeds from sale of equipment 2,397 3,146 1,815
Proceeds from sale of operations 0 0 541
Proceeds from sale of real estate, net of cash 40,241 2,545 665
Proceeds from sale of unconsolidated entity 40,000 0 32,527
Net cash used in investing activities (272,196) (411,311) (392,019)
Cash flow from financing activities      
Repayment of debt (122,942) (2,263,662) (194,043)
Proceeds from issuance of Notes 309,000 2,600,000 306,500
Dividends paid (108,455) (107,405) (142,950)
Payments of settlement payable (98,022) (98,022) 0
Borrowings under revolving credit facility 130,000 506,000 180,000
Payments under revolving credit facility (338,000) (486,000) (192,000)
Proceeds from ABS Loan Facility 275,000 0 0
Finance lease payments (2,652) (2,262) (1,193)
Payments for financing costs (15,778) (26,955) (9,852)
Payments for capped call option 0 0 (21,149)
Payment for settlement of common stock warrant 0 (56) (522)
Proceeds from termination of bond hedge option 0 59 1,190
Costs related to early repayment of debt 0 (44,303) 0
Distributions paid to noncontrolling interest (37) (48) (233)
Payment for exchange of noncontrolling interest (92) 0 (4,620)
Proceeds from employee stock purchase plan 657 730 589
Payments related to tax withholding for stock-based compensation (1,595) (1,433) (4,913)
Net cash provided by (used in) financing activities 27,084 76,643 (83,196)
Net increase (decrease) in cash, restricted cash and cash equivalents 121,583 18,461 (15,100)
Cash, restricted cash and cash equivalents at beginning of period 62,264 43,803 58,903
Cash, restricted cash and cash equivalents at end of period 183,847 62,264 43,803
Non-cash investing and financing activities:      
Property and equipment acquired but not yet paid 10,186 8,798 8,519
Tenant capital improvements 263,087 167,763 119,685
Sale of unconsolidated entity $ 0 $ 40,000 $ 0