XML 13 R2.htm IDEA: XBRL DOCUMENT v3.25.3
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 430,306 $ 189,841
Restricted cash 30,467 1,206,653
Accounts receivable, net 158,126 145,695
Costs and estimated earnings in excess of billings on uncompleted contracts 49,564 19,198
Prepaid expenses and other current assets 144,061 417,333
Total current assets 812,524 1,978,720
Property and equipment, net 3,295,621 2,792,084
Intangible assets, net 2,725,045 2,388,707
Operating lease right-of-use assets, net 2,435,273 2,292,459
Acquired and other right-of-use assets, net 1,349,714 1,308,269
Other assets 642,062 657,097
Total assets 11,260,239 11,417,336
Current liabilities:    
Accounts payable 219,725 59,549
Accrued expenses 97,536 81,977
Current maturities of long-term debt 772,562 1,187,913
Deferred revenue 132,336 127,308
Accrued interest 37,845 62,239
Current lease liabilities 291,537 261,017
Other current liabilities 59,427 17,933
Total current liabilities 1,610,968 1,797,936
Long-term liabilities:    
Long-term debt, net 11,932,919 12,403,825
Long-term lease liabilities 2,019,508 1,903,439
Other long-term liabilities 554,222 367,942
Total long-term liabilities 14,506,649 14,675,206
Redeemable noncontrolling interests 76,605 54,132
Shareholders’ deficit:    
Preferred stock - par value $0.01, 30,000 shares authorized, no shares issued or outstanding
Common stock - Class A, par value $0.01, 400,000 shares authorized, 106,773 shares and 107,561 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively 1,068 1,076
Additional paid-in capital 3,038,027 2,975,455
Accumulated deficit (7,284,980) (7,326,189)
Accumulated other comprehensive loss, net (688,098) (760,280)
Total shareholders' deficit (4,933,983) (5,109,938)
Total liabilities, redeemable noncontrolling interests, and shareholders' deficit $ 11,260,239 $ 11,417,336