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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating activities:      
Net income (loss) attributable to Americold Realty Trust $ 47,985 $ (608) $ 4,932
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation, depletion, and amortization 117,653 116,741 118,571
Amortization of deferred financing costs and debt discount 5,917 8,604 7,193
Amortization of below market leases 151 151 196
Loss on debt extinguishment, modifications and termination of derivative instruments 28,446 400 871
Foreign currency exchange (gain) loss, net (2,882) 3,591 (464)
Loss from and impairment of partially owned entities 1,069 7,859 128
Stock-based compensation expense (Stock Options and Restricted Stock Units) 8,639 2,358 2,536
Stock-based compensation expense (Warrants) 0 0 3,900
Stock-based compensation expense (Modification of Restricted Stock Units) 2,042 0 0
Deferred tax benefit (3,152) (3,658) (586)
Gain from sale of real estate, net (7,471) (43) (11,598)
(Gain) loss on sale of other assets (152) (107) 1,008
Impairment of inventory and long-lived assets 747 11,581 9,820
Multi-Employer pension plan withdrawal expense and amortization 260 9,134 0
Provision for doubtful accounts receivable 2,324 1,229 1,135
Changes in operating assets and liabilities:      
Accounts receivable (1,940) 1,597 (19,123)
Accounts payable and accrued expenses (5,219) 18,202 (4,570)
Other (6,246) (13,704) 4,832
Net cash provided by operating activities 188,171 163,327 118,781
Investing activities:      
Proceeds from the sale of property, plant, and equipment 19,513 10,163 33,215
Additions to property, plant, and equipment and intangible assets (145,216) (148,994) (74,868)
Net cash used in investing activities (125,703) (138,831) (41,653)
Financing activities:      
Distributions paid on common shares (76,523) (20,214) (20,214)
Proceeds from revolving line of credit 0 34,000 147,000
Repayment of revolving line of credit 0 (62,000) (119,000)
Proceeds from stock options exercised 14,842 0 0
Tax withholdings related to net share settlements of certain stock awards (12,680) 0 0
Payment of underwriters' costs (8,205) 0 0
Reimbursement of underwriters' costs 8,952 0 0
Repayment of sale-leaseback financing obligations (2,595) (2,100) (5,337)
Repayment of capitalized lease obligations (10,360) (8,429) (36,203)
Payment of debt issuance costs (16,563) (4,212) (10,834)
Repayment of term loans, mortgage notes and construction loan (1,522,347) (56,868) (405,360)
Proceeds from issuance of senior unsecured notes 600,000 0 0
Proceeds from term loans and mortgage notes 525,000 110,000 383,078
Proceeds from construction loan     0
Net proceeds from follow-on public offering 92,718 0 0
Net proceeds from initial public offering 493,557 0 0
Net cash provided by (used in) financing activities 84,942 (18,604) (95,322)
Net increase (decrease) in cash, cash equivalents and restricted cash 147,410 5,892 (18,194)
Effect of foreign currency translation on cash, cash equivalents and restricted cash (3,276) 1,141 (284)
Cash, cash equivalents and restricted cash:      
Beginning of period 69,963 62,930 81,408
End of period 214,097 69,963 62,930
Supplemental disclosures of cash flows information:      
Acquisition of fixed assets under capitalized lease obligations 13,290 18,614 10,899
Interest paid – net of amounts capitalized and defeasance costs 85,595 106,557 115,056
Income taxes paid – net of refunds 5,509 11,854 10,898
Acquisition of property, plant, and equipment on accrual 18,799 20,942 5,595
Reconciliation of cash, cash equivalents and restricted cash reported in the consolidated balance sheets to the ending cash, cash equivalents and restricted cash balances above:      
Total cash, cash equivalents and restricted cash 69,963 62,930 81,408
Series A      
Financing activities:      
Distributions paid on beneficial interest shares – preferred – Series A (134) (16) (16)
Series B      
Financing activities:      
Distributions paid on beneficial interest shares – preferred – Series B (1,817) (28,436) (28,436)
Americold Realty Operating Partnership, L.P..      
Operating activities:      
Net income (loss) attributable to Americold Realty Trust 47,985 (608) 4,932
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation, depletion, and amortization 117,653 116,741 118,571
Amortization of deferred financing costs and debt discount 5,917 8,604 7,193
Amortization of below market leases 151 151 196
Loss on debt extinguishment, modifications and termination of derivative instruments 28,446 400 871
Foreign currency exchange (gain) loss, net (2,882) 3,591 (464)
Loss from and impairment of partially owned entities 1,069 7,859 128
Stock-based compensation expense 10,681 2,358 6,436
Deferred tax benefit (3,152) (3,658) (586)
Gain from sale of real estate, net (7,471) (43) (11,598)
(Gain) loss on sale of other assets (152) (107) 1,008
Impairment of inventory and long-lived assets 747 11,581 9,820
Multi-Employer pension plan withdrawal expense and amortization 260 9,134 0
Provision for doubtful accounts receivable 2,324 1,229 1,135
Changes in operating assets and liabilities:      
Accounts receivable (1,940) 1,597 (19,123)
Accounts payable and accrued expenses (5,219) 18,202 (4,570)
Other (6,246) (13,704) 4,832
Net cash provided by operating activities 188,171 163,327 118,781
Investing activities:      
Proceeds from the sale of property, plant, and equipment 19,513 10,163 33,215
Additions to property, plant, and equipment and intangible assets (145,216) (148,994) (74,868)
Net cash used in investing activities (125,703) (138,831) (41,653)
Financing activities:      
Distributions to parent (86,679) (48,666) (48,666)
Proceeds from revolving line of credit 0 34,000 147,000
Repayment of revolving line of credit 0 (62,000) (119,000)
Repayment of sale-leaseback financing obligations (2,595) (2,100) (5,337)
Repayment of capitalized lease obligations (10,360) (8,429) (36,203)
Payment of debt issuance costs (16,563) (4,212) (10,834)
Repayment of term loans, mortgage notes and construction loan (1,522,347) (56,868) (405,360)
Proceeds from issuance of senior unsecured notes 600,000 0 0
Proceeds from term loans and mortgage notes 525,000 110,000 383,078
Proceeds from construction loan 1,097 19,671 0
General partner contributions 597,389 0 0
Net cash provided by (used in) financing activities 84,942 (18,604) (95,322)
Net increase (decrease) in cash, cash equivalents and restricted cash 147,410 5,892 (18,194)
Effect of foreign currency translation on cash, cash equivalents and restricted cash (3,276) 1,141 (284)
Cash, cash equivalents and restricted cash:      
Beginning of period 69,963 62,930 81,408
End of period 214,097 69,963 62,930
Supplemental disclosures of cash flows information:      
Acquisition of fixed assets under capitalized lease obligations 13,290 18,614 10,899
Interest paid – net of amounts capitalized and defeasance costs 85,595 106,557 115,056
Income taxes paid – net of refunds 5,509 11,854 10,898
Acquisition of property, plant, and equipment on accrual 18,799 20,942 5,595
Reconciliation of cash, cash equivalents and restricted cash reported in the consolidated balance sheets to the ending cash, cash equivalents and restricted cash balances above:      
Total cash, cash equivalents and restricted cash $ 69,963 $ 62,930 $ 81,408