v3.26.1

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
ASSETS:
Property and equipment, net	$ 5,018,898	$ 4,970,429
Cash and cash equivalents - unrestricted	424,021	471,421
Cash and cash equivalents - restricted	27,264	28,759
Notes receivable, net	52,556	53,503
Trade receivables, net	139,335	105,903
Deferred income tax assets, net	61,957	67,669
Prepaid expenses and other assets	187,602	196,798
Intangible assets and goodwill, net	282,148	286,701
Total assets	6,193,781	6,181,183
LIABILITIES AND EQUITY:
Debt and finance lease obligations	3,968,404	3,976,913
Accounts payable and accrued liabilities	544,482	517,708
Distributions payable	77,906	78,819
Deferred management rights proceeds	162,507	162,901
Operating lease liabilities	162,463	158,815
Other liabilities	73,808	74,251
Total liabilities	4,989,570	4,969,407
Commitments and contingencies
Noncontrolling interest in Opry Entertainment Group	433,394	422,691
Equity:
Preferred stock, $.01 par value, 100,000 shares authorized, no shares issued or outstanding
Common stock, $.01 par value, 400,000 shares authorized, 63,109 and 63,006 shares issued and outstanding, respectively	631	630
Additional paid-in capital	1,709,645	1,722,332
Treasury stock of 738 and 730 shares, at cost	(27,573)	(26,788)
Distributions in excess of retained earnings	(938,311)	(933,250)
Accumulated other comprehensive loss	(11,549)	(12,772)
Total stockholders' equity	732,843	750,152
Noncontrolling interests	37,974	38,933
Total equity	770,817	789,085
Total liabilities and equity	$ 6,193,781	$ 6,181,183

Sum of the carrying values as of the balance sheet date of obligations incurred through that date, including liabilities incurred and payable to vendors for goods and services received, taxes, interest, rent and utilities, compensation costs, payroll taxes and fringe benefits (other than pension and postretirement obligations), contractual rights and obligations, and statutory obligations.

Ryman Hospitality Properties, Inc. 10-Q