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CONSOLIDATED AND COMBINED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2023
Mar. 31, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues            
Total revenues $ 84,887   $ 81,832   $ 167,422 $ 158,326
Expenses            
Total expenses 87,925   91,091   181,809 182,981
Other (expense) income            
Total other expense (44,835)   (23,790)   (81,978) (42,577)
Loss before income taxes (47,873)   (33,049)   (96,365) (67,232)
Net loss (48,140) $ (50,297) (33,872) $ (35,912) (98,437) (69,784)
Net loss attributable to stockholders $ (54,350)   $ (38,853)   $ (110,932) $ (79,442)
Loss per share:            
Basic (in dollars per share) $ (0.52)   $ (0.38)   $ (1.06) $ (0.77)
Diluted (in dollars per share) $ (0.52)   $ (0.38)   $ (1.06) $ (0.77)
Weighted average shares outstanding:            
Basic (in shares) 105,039,831   102,793,800   104,612,209 102,790,737
Diluted (in shares) 105,039,831   102,793,800   104,612,209 102,790,737
Operating expenses $ 61,225   $ 62,775   $ 125,800 $ 127,937
General and administrative 2,840   3,702   7,701 6,903
Transaction related costs 921   636   1,847 905
Management fees and incentive allocation to affiliate 2,776   3,084   5,777 6,066
Depreciation and amortization 20,163   20,292   40,684 40,427
Asset impairment 0   602   0 743
Equity in (losses) earnings of unconsolidated entities (12,788)   (1,625)   (24,690) 2,741
(Loss) gain on sale of assets, net (150)   647   (163) 523
Interest expense (29,690)   (24,182)   (57,283) (47,432)
Other income 6,963   1,370   9,328 1,591
Provision for income taxes 267   823   2,072 2,552
Less: Net loss attributable to non-controlling interests in consolidated subsidiaries (11,400)   (10,276)   (22,090) (20,169)
Less: Dividends and accretion of redeemable preferred stock $ 17,610 $ 16,975 $ 15,257 $ 14,570 $ 34,585 $ 29,827