XML 16 R5.htm IDEA: XBRL DOCUMENT v3.25.4
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 116,503 $ 68,868 $ 67,590
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 128,905 128,011 127,316
Asset impairments 1,482 3,108 2,710
Amortization of debt issuance costs and other non-cash interest 3,559 3,672 4,446
Expenses associated with acquisitions 3,016 0 0
Expenses associated with debt repayments and refinancing transactions 0 31,316 686
Deferred income taxes 9,157 (7,708) (2,703)
Gain on sale of real estate assets (1,007) (3,262) (798)
Other expenses and non-cash items 9,356 659 6,294
Non-cash revenue and other income (387) (7,601) (2,783)
Non-cash equity compensation 27,672 25,681 20,760
Changes in assets and liabilities, net:      
Accounts receivable, prepaid expenses and other assets (145,046) 15,022 6,704
Accounts payable, accrued expenses and other liabilities 41,385 11,387 1,679
Net cash provided by operating activities 194,595 269,153 231,901
CASH FLOWS FROM INVESTING ACTIVITIES:      
Expenditures for facility development and expansions (7,297) (8,747) (4,886)
Expenditures for other capital improvements (133,331) (62,424) (65,369)
Acquisitions, net of cash acquired (73,538) 0 0
Net proceeds from sale of assets 4,903 13,738 11,068
Other investing activities 3,187 3,609 313
Net cash used in investing activities (206,076) (53,824) (58,874)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from issuance of debt and borrowings from credit facility 435,000 547,000 250,000
Scheduled principal repayments (12,073) (11,598) (9,895)
Principal repayments of credit facility (190,000) (47,000) (125,000)
Other repayments of debt 0 (597,713) (272,936)
Payment of debt defeasance, issuance and other refinancing and related costs (1,449) (34,944) (4,632)
Payment of lease obligations for financing leases (629) (613) (595)
Purchase and retirement of common stock (228,987) (77,171) (43,047)
Dividends paid on restricted stock units (45) (136) (131)
Net cash provided by (used in) financing activities 1,817 (222,175) (206,236)
NET DECREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (9,664) (6,846) (33,209)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period 122,110 128,956 162,165
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period 112,446 122,110 128,956
NON-CASH INVESTING AND FINANCING ACTIVITIES:      
Net establishment (lease modification) of right of use assets and lease liabilities 118,363 (56,804) 2,551
Cash paid during the period for:      
Interest (net of amounts capitalized of $0.5 million in 2025) 71,914 77,725 81,765
Income taxes paid $ 37,022 $ 37,108 $ 25,888