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Balance Sheet of the Operating Partnership
12 Months Ended
Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Balance Sheet of the Operating Partnership Balance Sheet of the Operating Partnership
The following table reflects the Consolidated Balance Sheets of the Operating Partnership as of December 31, 2020 and 2019:
Americold Realty Operating Partnership, L.P. and Subsidiaries
Consolidated Balance Sheets
(In thousands, except shares and per share amounts)
December 31,
20202019
Assets
Property, buildings and equipment:
Land$662,885 $526,226 
Buildings and improvements4,004,824 2,696,732 
Machinery and equipment1,177,572 817,617 
Assets under construction303,531 108,639 
6,148,812 4,149,214 
Accumulated depreciation(1,382,298)(1,216,553)
Property, buildings and equipment – net4,766,514 2,932,661 
Operating lease right-of-use assets291,797 77,723 
Accumulated depreciation – operating leases(24,483)(18,110)
Operating leases – net267,314 59,613 
Financing leases:
Buildings and improvements60,513 11,227 
Machinery and equipment109,416 76,811 
169,929 88,038 
Accumulated depreciation – financing leases(40,937)(29,697)
Financing leases – net128,992 58,341 
Cash, cash equivalents, and restricted cash621,051 240,613 
 Accounts receivable – net of allowance of $12,286 and $6,927 at December 31, 2020 and 2019, respectively
324,221 214,842 
Identifiable intangible assets – net797,423 284,758 
Goodwill794,335 318,483 
Investments in partially owned entities44,907 — 
Other assets86,394 61,372 
Total assets$7,831,151 $4,170,683 
Liabilities and equity
Liabilities:
Borrowings under revolving line of credit$— $— 
Accounts payable and accrued expenses552,547 350,963 
Mortgage notes, senior unsecured notes and term loan – net of deferred financing costs of $15,952 and $12,996 in the aggregate, at December 31, 2020 and 2019, respectively
2,648,266 1,695,447 
Sale-leaseback financing obligations185,060 115,759 
Financing lease obligations125,926 58,170 
Operating lease obligations269,147 62,342 
Unearned revenue19,209 16,423 
Pension and postretirement benefits9,145 12,706 
Deferred tax liability – net220,502 17,119 
Multiemployer pension plan withdrawal liability8,528 8,736 
Total liabilities4,038,330 2,337,665 
Partner’s capital:
General partner – 249,185,577 and 189,881,910 units issued and outstanding as of December 31, 2020 and 2019, respectively
3,753,240 1,828,673 
Limited partner – 2,517,026 and 1,917,999 units issued and outstanding as of December 31, 2020 and 2019, respectively
43,960 18,471 
Accumulated other comprehensive loss(4,379)(14,126)
Total partners’ capital3,792,821 1,833,018 
Total liabilities and partners’ capital7,831,151 4,170,683