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CONSOLIDATED AND COMBINED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues            
Total revenues $ 83,311 $ 80,706     $ 250,733 $ 239,032
Expenses            
Total expenses 90,580 94,938     272,389 277,919
Other (expense) income            
Total other expense (35,779) (35,809)     (117,757) (78,386)
Loss before income taxes (43,048) (50,041)     (139,413) (117,273)
Net loss (42,956) (50,049) $ (98,437) $ (69,784) (141,393) (119,833)
Net loss attributable to stockholders $ (49,971) $ (56,101)     $ (160,903) $ (135,543)
Loss per share:            
Basic (in dollars per share) $ (0.45) $ (0.55)     $ (1.51) $ (1.32)
Diluted (in dollars per share) $ (0.45) $ (0.55)     $ (1.51) $ (1.32)
Weighted average shares outstanding:            
Basic (in shares) 109,723,831 102,820,651     106,317,677 102,800,818
Diluted (in shares) 109,723,831 102,820,651     106,317,677 102,800,818
Operating expenses $ 62,766 $ 68,416     $ 188,566 $ 196,353
General and administrative 2,989 2,485     10,690 9,388
Transaction related costs 2,526 649     4,373 1,554
Management fees and incentive allocation to affiliate 2,807 3,238     8,584 9,304
Depreciation and amortization 19,492 20,150     60,176 60,577
Asset impairment 0 0     0 743
Equity in losses of unconsolidated entities (14,308) (9,914)     (38,998) (7,173)
Gain (loss) on sale of assets, net 2,758 (263)     2,595 260
Interest expense (31,513) (25,999)     (88,796) (73,431)
Other income 6,537 2,387     15,865 3,978
(Benefit from) provision for income taxes (92) 8     1,980 2,560
Less: Net loss attributable to non-controlling interests in consolidated subsidiaries (9,963) (9,932)     (32,053) (30,101)
Preferred Stock Dividends and Other Adjustments $ (16,978) $ (15,984) $ (34,585) $ (29,827) $ (51,563) $ (45,811)