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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Assets    
Property, plant, and equipment $ 4,149,214 $ 2,898,139
Accumulated depreciation and depletion (1,216,553) (1,097,624)
Property, buildings and equipment – net 2,932,661 1,800,515
Operating lease right-of-use assets 77,723 0
Accumulated depreciation – operating leases (18,110) 0
Operating leases – net 59,613 0
Financing leases:    
Property, plant and equipment - gross 88,038  
Accumulated depreciation – financing leases (29,697)  
Financing leases – net 58,341  
Financing leases:    
Property, plant and equipment - gross   60,503
Accumulated depreciation – financing leases   (21,317)
Financing leases – net   39,186
Cash and cash equivalents 234,303 208,078
Restricted cash 6,310 6,019
Accounts receivable – net of allowance of $6,927 and $5,706 at December 31, 2019 and 2018, respectively 214,842 194,279
Intangible assets – net 284,758 25,056
Goodwill 318,483 186,095
Investments in partially owned entities 0 14,541
Other assets 61,372 58,659
Total assets 4,170,683 2,532,428
Liabilities:    
Borrowings under revolving line of credit 0 0
Accounts payable and accrued expenses 350,963 253,080
Mortgage notes, senior unsecured notes and term loan – net of deferred financing costs of $12,996 and $13,943 in the aggregate, at December 31, 2019 and 2018, respectively 1,695,447 1,351,014
Sale-leaseback financing obligations 115,759 118,920
Financing lease obligations 58,170  
Financing lease obligations   40,787
Operating lease obligations 62,342  
Unearned revenue 16,423 18,625
Pension and postretirement benefits 12,706 16,317
Deferred tax liability – net 17,119 17,992
Multiemployer pension plan withdrawal liability 8,736 8,938
Total liabilities 2,337,665 1,825,673
Shareholders’ equity:    
Common units of beneficial interest, 141,088,314 and 68,676,903 issued and outstanding at December 31, 2018 and December 31, 2017, respectively 1,918 1,482
Paid-in capital 2,582,087 1,356,133
Accumulated deficit (736,861) (638,345)
Accumulated other comprehensive loss (14,126) (12,515)
Total shareholders’ equity 1,833,018 706,755
Total liabilities and shareholders’ equity 4,170,683 2,532,428
Americold Realty Operating Partnership, L.P..    
Assets    
Property, plant, and equipment 4,149,214 2,898,139
Accumulated depreciation and depletion (1,216,553) (1,097,624)
Property, buildings and equipment – net 2,932,661 1,800,515
Operating lease right-of-use assets 77,723 0
Accumulated depreciation – operating leases (18,110) 0
Operating leases – net 59,613 0
Financing leases:    
Property, plant and equipment - gross 88,038  
Accumulated depreciation – financing leases (29,697)  
Financing leases – net 58,341  
Financing leases:    
Property, plant and equipment - gross   60,503
Accumulated depreciation – financing leases   (21,317)
Financing leases – net   39,186
Cash and cash equivalents 234,303 208,078
Restricted cash 6,310 6,019
Accounts receivable – net of allowance of $6,927 and $5,706 at December 31, 2019 and 2018, respectively 214,842 194,279
Intangible assets – net 284,758 25,056
Goodwill 318,483 186,095
Investments in partially owned entities 0 14,541
Other assets 61,372 58,659
Total assets 4,170,683 2,532,428
Liabilities:    
Accounts payable and accrued expenses 350,963 253,080
Mortgage notes, senior unsecured notes and term loan – net of deferred financing costs of $12,996 and $13,943 in the aggregate, at December 31, 2019 and 2018, respectively 1,695,447 1,351,014
Sale-leaseback financing obligations 115,759 118,920
Financing lease obligations 58,170  
Financing lease obligations   40,787
Operating lease obligations 62,342  
Unearned revenue 16,423 18,625
Pension and postretirement benefits 12,706 16,317
Deferred tax liability – net 17,119 17,992
Multiemployer pension plan withdrawal liability 8,736 8,938
Total liabilities 2,337,665 1,825,673
Shareholders’ equity:    
General partner – 189,881,910 and 146,752,609 units issued and outstanding as of December 31, 2019 and 2018, respectively 1,828,673 712,078
Limited partner – 1,917,999 and 1,482,350 units issued and outstanding as of December 31, 2019 and 2018, respectively 18,471 7,192
Accumulated other comprehensive loss (14,126) (12,515)
Land    
Assets    
Property, plant, and equipment 526,226 385,232
Land | Americold Realty Operating Partnership, L.P..    
Assets    
Property, plant, and equipment 526,226 385,232
Shareholders’ equity:    
Total shareholders’ equity 1,833,018 706,755
Buildings and improvements    
Assets    
Property, plant, and equipment 2,696,732 1,849,749
Financing leases:    
Property, plant and equipment - gross 11,227  
Financing leases:    
Property, plant and equipment - gross   11,227
Buildings and improvements | Americold Realty Operating Partnership, L.P..    
Assets    
Property, plant, and equipment 2,696,732 1,849,749
Financing leases:    
Property, plant and equipment - gross 11,227  
Financing leases:    
Property, plant and equipment - gross   11,227
Shareholders’ equity:    
Total liabilities and shareholders’ equity 4,170,683 2,532,428
Machinery and equipment    
Assets    
Property, plant, and equipment 817,617 577,175
Financing leases:    
Property, plant and equipment - gross 76,811  
Financing leases:    
Property, plant and equipment - gross   49,276
Machinery and equipment | Americold Realty Operating Partnership, L.P..    
Assets    
Property, plant, and equipment 817,617 577,175
Financing leases:    
Property, plant and equipment - gross 76,811  
Financing leases:    
Property, plant and equipment - gross   49,276
Assets under construction    
Assets    
Property, plant, and equipment 108,639 85,983
Assets under construction | Americold Realty Operating Partnership, L.P..    
Assets    
Property, plant, and equipment $ 108,639 $ 85,983