← AMERICOLD REALTY TRUST
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net loss | — | — | $48.0m | $48.2m | $24.6m | ($30.3m) | ($19.5m) | ($336.3m) | ($94.7m) | ($115.3m) | |
| Net loss (gain) from sale of real estate | — | — | — | — | — | — | — | ($2.3m) | ($3.5m) | $44.3m | |
| Net Income (Loss) Attributable to Parent | — | ($608k) |
$48.0m
+7992.27%
|
$48.2m
+0.37%
|
$24.5m
-49.05%
|
($30.5m)
-224.10%
|
($19.4m)
+36.17%
|
($336.2m)
-1629.50%
|
($94.3m)
+71.95%
|
($114.5m)
-21.46%
|
|
| Net Income (Loss) Available to Common Stockholders, Basic | — | ($29.9m) |
$46.2m
+254.27%
|
$48.2m
+4.32%
|
$24.5m
-49.05%
|
— | — | — | — | — | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | — | — | — | $24.6m | ($30.3m) | ($19.5m) | ($336.3m) | ($94.7m) | ($115.3m) | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | — | — | $15k | $146k | ($34k) | ($54k) | ($436k) | ($734k) | |
| Depreciation, Depletion and Amortization | $118.6m | $116.7m | $117.7m | $163.3m | $215.9m | $319.8m | $331.4m | $353.7m | $360.8m | $367.4m | |
| Amortization of Debt Issuance Costs and Discounts | — | $8.6m | $5.9m | $6.0m | $5.1m | $4.4m | $4.8m | $5.1m | $5.3m | $5.9m | |
| Amortization of Intangible Assets | — | — | — | — | — | — | — | — | $3.8m | — | |
| Depreciation | $118.6m | $116.7m | $117.7m | $153.9m | $198.8m | $284.6m | $295.7m | $316.8m | $324.4m | $330.9m | |
| Amortization of deferred financing costs and pension withdrawal liability | $7.2m | $8.6m | $5.9m | $6.0m | $5.1m | $4.4m | $4.8m | $5.1m | $5.3m | $5.9m | |
| Project Orion and other software related deferred costs amortization | — | — | — | — | — | — | — | $0 | $4.2m | $16.6m | |
| Deferred Income Tax Expense (Benefit) | — | ($3.7m) | ($3.2m) | ($10.7m) | ($13.7m) | ($9.1m) | ($22.6m) | ($10.8m) | ($13.2m) | ($26.6m) | |
| Deferred income tax benefit | ($586k) | ($3.7m) | ($3.2m) | ($10.7m) | ($13.7m) | ($9.1m) | ($22.6m) | ($10.8m) | ($13.2m) | ($26.6m) | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | $0 | $12.7m | $7.1m | $7.0m | $16.9m | $8.3m | $3.4m | $3.6m | $3.2m | |
| Share-based Payment Arrangement, Expense | — | $2.4m | $10.7m | $15.9m | $17.9m | $23.9m | $27.1m | $23.6m | $28.2m | $30.2m | |
| Stock-based compensation expense | $0 | $0 | $2.0m | — | $17.9m | $23.9m | $27.1m | $23.6m | $28.2m | $30.2m | |
| Remittance of withholding taxes related to employee stock-based transactions | $0 | $0 | ($12.7m) | ($7.1m) | ($7.0m) | ($16.9m) | ($8.3m) | ($3.4m) | ($3.6m) | ($3.2m) | |
| Equity Method Investment, Other than Temporary Impairment | — | $6.5m | $0 | $0 | — | — | — | — | — | — | |
| Goodwill, Impairment Loss | — | $0 | $0 | $0 | $0 | $0 | $16.1m | $236.5m | — | — | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | — | — | — | $0 | $0 | $0 | $0 | $0 | $33.1m | — | |
| Impairment of indefinite and long-lived assets | — | — | — | — | $8.2m | $3.3m | $7.4m | $236.5m | $33.1m | $47.1m | |
| Impairment of related party loan receivable | — | — | — | — | — | $0 | $0 | $22.0m | $0 | $0 | |
| Income (Loss) from Equity Method Investments | — | ($1.4m) | ($1.1m) | ($111k) | ($250k) | ($2.0m) | ($9.3m) | ($1.4m) | ($3.7m) | ($2.1m) | |
| Equity Method Investment, Realized Gain (Loss) on Disposal | — | — | — | $4.3m | $0 | $0 | ($4.1m) | $0 | $0 | — | |
| Other Nonoperating Income (Expense) | — | ($1.9m) | ($532k) | ($1.9m) | ($2.6m) | $1.9m | $1.8m | $2.8m | $27.9m | $6.9m | |
| Changes in operating assets and liabilities: | |||||||||||
| Increase (Decrease) in Accounts Receivable | — | ($1.6m) | $1.9m | $3.7m | $12.9m | $60.5m | $68.6m | $2.7m | ($22.7m) | ($20.9m) | |
| Provision for doubtful accounts receivable | $1.1m | $1.2m | $2.3m | $1.2m | $5.4m | $6.5m | $7.4m | $6.4m | $7.6m | $5.1m | |
| Accounts receivable | ($19.1m) | $1.6m | ($1.9m) | $44.5m | $118.6m | $6.4m | $6.3m | $0 | $22.7m | $20.9m | |
| Inventory Write-down | — | $2.1m | — | — | — | — | — | — | — | — | |
| Accounts payable and accrued expenses | ($4.6m) | $18.2m | ($5.2m) | ($88.5m) | ($141.5m) | ($12.6m) | $289k | $46.7m | $0 | ($582k) | |
| Deferred revenue | — | — | — | — | — | — | — | $0 | $0 | ($204k) | |
| Increase (Decrease) in Other Operating Assets | — | — | — | — | — | — | — | $49.6m | $62.7m | $22.2m | |
| Gain (Loss) on Disposition of Other Assets | — | $107k | $152k | ($870k) | ($2.5m) | ($279k) | ($3.6m) | ($2.9m) | ($100k) | ($2.6m) | |
| Other assets | — | — | — | $14.2m | $27.5m | $4.0m | $25k | $0 | $0 | ($22.2m) | |
| Other assets and liabilities, net | — | — | — | ($17k) | $303k | $0 | $0 | $239k | $0 | $0 | |
| Other Operating Income (Expense), Net | — | — | — | ($11.8m) | ($409k) | ($751k) | $160k | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $118.8m |
$163.3m
+37.50%
|
$188.2m
+15.21%
|
$236.2m
+25.52%
|
$293.7m
+24.34%
|
$273.1m
-7.02%
|
$300.0m
+9.86%
|
$366.2m
+22.05%
|
$411.9m
+12.49%
|
$359.6m
-12.68%
|
|
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | ($74.9m) | ($149.0m) | ($145.2m) | $217.2m | $376.8m | $438.2m | $308.4m | $264.5m | $309.5m | $576.8m | |
| Gain (Loss) on Disposition of Property Plant Equipment | $5.6m | $43k | $7.5m | ($34k) | $22.1m | $0 | ($5.7m) | $2.3m | $3.5m | ($44.3m) | |
| Machinery and equipment | — | — | — | $308.0m | $498.9m | $72.5m | $72.5m | $0 | $0 | $19.3m | |
| Loss from investments in partially owned entities | — | — | $1.1m | $111k | $250k | $2.0m | $9.3m | $5.6m | $3.7m | $2.1m | |
| Investments in and advances to partially owned entities and other, net | — | — | $0 | $0 | ($26.2m) | ($7.6m) | ($14.4m) | ($20.5m) | ($13.0m) | ($24.6m) | |
| Proceeds from sale of investments in partially owned entities | — | $0 | $0 | $14.2m | $154k | $596k | $0 | $36.9m | $0 | $27.5m | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | $1.3b | $1.9b | $741.4m | $15.8m | $46.7m | $0 | $108.4m | |
| Net Cash Provided by (Used in) Investing Activities | ($41.7m) | ($138.8m) | ($125.7m) | ($1.6b) | ($2.2b) | ($1.2b) | ($348.5m) | ($357.1m) | ($313.2m) | ($658.0m) | |
| Cash flows from financing activities: | |||||||||||
| Gain (Loss) on Extinguishment of Debt | — | ($986k) | ($47.6m) | $0 | — | — | $3.4m | $0 | ($115.1m) | — | |
| Loss on debt extinguishment and termination of derivative instruments | $871k | $400k | $28.4m | $0 | $2.0m | $5.6m | $3.2m | $2.5m | $116.1m | $0 | |
| Payment of debt issuance costs | ($10.8m) | ($4.2m) | ($16.6m) | ($2.1m) | ($10.1m) | ($3.8m) | ($11.7m) | $0 | ($6.0m) | ($4.9m) | |
| Payments of Ordinary Dividends, Common Stock | — | $20 | $77 | $135 | $167 | $228 | $239 | $242 | $252 | $261 | |
| Proceeds from Issuance of Common Stock | — | $0 | $92.7m | $1.2b | $1.6b | $474.5m | $0 | $412.6m | $0 | $0 | |
| Net proceeds from issuance of common stock | $0 | $0 | $92.7m | $1.2b | $1.6b | $474.5m | $0 | $412.6m | $0 | $0 | |
| Dividends Payable | — | $0 | $28.5m | $39.8m | $56.2m | $60.6m | $60.4m | $63.6m | $64.0m | $67.6m | |
| Net Cash Provided by (Used in) Financing Activities | ($95.3m) |
($18.6m)
+80.48%
|
$84.9m
+556.58%
|
$1.4b
+1542.73%
|
$2.3b
+66.97%
|
$431.5m
-81.48%
|
$23.3m
-94.59%
|
($285k)
-101.22%
|
($106.8m)
-37368.42%
|
$383.3m
+458.90%
|
|
| Net increase (decrease) in cash, cash equivalents and restricted cash | ($18.2m) | $5.9m | $147.4m | $26.6m | $374.5m | ($534.6m) | ($25.2m) | $8.8m | ($8.1m) | $84.9m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $70.0m | $214.1m | $240.6m | $621.1m | $83.0m | $53.1m | $60.4m | $47.7m | $136.9m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $1.1m | ($3.3m) | ($110k) | $6.0m | ($3.4m) | ($4.7m) | ($1.5m) | ($4.6m) | $4.3m | |
| Effect of foreign currency translation on cash, cash equivalents and restricted cash | ($284k) | $1.1m | ($3.3m) | ($110k) | $6.0m | ($3.4m) | ($4.7m) | ($1.5m) | ($4.6m) | $4.3m | |
| Additional Supplementary Disclosures | |||||||||||
| Additional Supplementary Disclosures | |||||||||||
| Additional Supplementary Disclosures | |||||||||||
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $115.1m | $106.6m | $85.6m | $68.0m | $82.8m | $87.7m | $118.2m | $134.5m | $122.0m | $138.4m | |
| Income Taxes Paid, Net | $10.9m | $11.9m | $5.5m | $2.2m | $1.5m | $10.8m | $7.9m | $5.8m | $6.7m | $5.9m | |
| Additional Financial Items | |||||||||||
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement | — | ($63k) | ($68k) | $10k | ($134k) | ($24k) | ($308k) | ($2.2m) | $49k | ($37k) | |
| Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal | — | — | — | — | — | — | — | ($4.6m) | $0 | $0 | |
| Fair Value, Option, Changes in Fair Value, Gain (Loss) | — | — | — | — | — | — | — | ($56.6m) | $0 | $0 | |
| Foreign Currency Transaction Gain (Loss), before Tax | — | ($3.6m) | $2.9m | $10k | ($45.3m) | ($610k) | ($975k) | — | — | — | |
| Goodwill | — | $188.2m | $186.1m | $318.5m | $794.3m | $1.1b | $1.0b | $794.0m | $784.0m | $828.3m | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | — | — | — | — | — | — | ($325.8m) | ($94.7m) | ($115.3m) | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | — | — | ($10.5m) | $0 | $0 | |
| Income Tax Expense (Benefit) | — | $9.4m | ($3.6m) | ($5.2m) | ($6.9m) | ($1.6m) | ($18.8m) | ($2.3m) | ($8.4m) | ($20.5m) | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $135.3m | $147.8m | |
| Investment Income, Interest | — | $1.1m | $4.0m | $6.3m | $1.2m | $841k | $1.6m | — | — | — | |
| Operating Lease, Lease Income | — | — | — | — | $25.8m | $38.6m | $44.4m | $52.1m | $61.8m | $60.9m | |
| Proceeds from Stock Options Exercised | $0 | $0 | $14.8m | $10.2m | $6.7m | $6.1m | $4.0m | $3.0m | $2.8m | $2.9m | |
| Provision for Loan, Lease, and Other Losses | — | — | — | — | — | — | — | — | $0 | $0 | |
| Gain from sale of partially owned entity | — | — | — | — | — | — | — | $0 | $0 | ($2.4m) | |
| Loss on put option | — | — | — | — | — | $0 | $0 | $56.6m | $0 | $0 | |
| Loss on classification of Comfrio as held for sale | — | — | — | — | — | $0 | $0 | $4.6m | $0 | $0 | |
| Operating lease liabilities | — | — | — | — | — | ($36.1m) | ($34.2m) | ($37.6m) | ($40.3m) | ($36.8m) | |
| Proceeds from settlement of treasury lock hedge transactions | — | — | — | — | — | — | — | $0 | $0 | $1.3m | |
| Other, net | $4.8m | ($13.7m) | ($6.2m) | $4.8m | ($4.3m) | ($13.5m) | $15.3m | $19.6m | ($14.9m) | $1.2m | |
| Business combinations, net of cash acquired | — | $0 | $0 | ($1.3b) | ($1.9b) | ($741.4m) | ($15.8m) | ($46.7m) | $0 | ($108.4m) | |
| Net payments for sale of business (discontinued operations) | — | — | — | — | — | $0 | $0 | ($4.6m) | $0 | $0 | |
| Payment for foreign currency exchange forwards settlement | — | — | — | — | — | — | — | $0 | $0 | ($1.5m) | |
| Proceeds from employee stock purchase plan | — | — | — | — | $0 | $1.9m | $3.9m | $3.0m | $3.1m | $1.6m | |
| Proceeds from revolving line of credit | $147.0m | $34.0m | $0 | $100.0m | $636.8m | $811.0m | $529.4m | $716.3m | $827.2m | $627.5m | |
| Repayment on revolving line of credit | ($119.0m) | ($62.0m) | $0 | ($100.0m) | ($627.1m) | ($405.0m) | ($413.9m) | ($832.5m) | ($942.2m) | ($572.0m) | |
| Repayment of sale-leaseback financing obligations | ($5.3m) | ($2.1m) | ($2.6m) | ($3.2m) | ($3.8m) | ($6.8m) | ($7.8m) | ($17.9m) | ($7.1m) | ($4.2m) | |
| Termination of sale-leaseback financing obligations | — | — | — | — | — | — | $0 | $0 | ($191.0m) | ($15.3m) | |
| Repayment of financing lease obligations | — | ($8.4m) | ($10.4m) | ($13.3m) | ($20.0m) | ($32.4m) | ($33.9m) | ($39.2m) | ($37.9m) | ($37.7m) | |
| Proceeds from public senior unsecured notes offering | — | — | — | — | — | — | $0 | $0 | $500.0m | $400.0m | |
| Proceeds from senior unsecured term loans | — | $110.0m | $525.0m | $0 | $177.1m | $50.0m | $470.0m | $0 | $0 | $250.0m | |
| Beginning of period | $62.9m | $70.0m | $214.1m | $240.6m | $621.1m | $83.0m | $53.1m | $60.4m | $47.7m | $136.9m | |
| Operating leases | — | $0 | $0 | $12.5m | $44.9m | $50.9m | $7.9m | $6.2m | $11.2m | $24.6m | |
| Finance leases | — | $18.6m | $13.3m | $30.4m | $38.9m | $24.6m | $18.7m | $59.3m | $39.0m | $94.7m | |
| Land | — | — | — | $125.6m | $263.3m | $68.9m | $70.0m | $0 | $0 | $10.0m | |
| Buildings and improvements | — | — | — | $1.4b | $1.8b | $188.8m | $8.2m | $0 | $0 | $41.5m | |
| Cash and cash equivalents | $22.8m | $48.9m | $208.1m | $9.3m | $61.8m | $6.9m | $6.9m | $0 | $0 | $4k | |
| Assets of discontinued operations - held for sale | — | — | — | — | — | $0 | $0 | $86.1m | $0 | $0 | |
| Liabilities of discontinued operations - held for sale | — | — | — | — | — | $0 | $0 | ($86.1m) | $0 | $0 | |
| Total consideration | — | — | — | $2.6b | $3.7b | $709.3m | $724.9m | $46.7m | $0 | $108.4m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.