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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues:        
Total revenues $ 654,707 $ 482,522 $ 1,289,502 $ 966,591
Operating expenses:        
Depreciation and amortization 84,459 52,399 161,670 104,003
Selling, general and administrative 42,475 32,340 87,527 69,233
Acquisition, litigation and other 3,922 2,801 24,673 4,489
Impairment of long-lived assets 1,528 3,667 1,528 3,667
Gain from sale of real estate 0 (19,414) 0 (21,875)
Total operating expenses 631,802 425,977 1,252,371 862,368
Operating income 22,905 56,545 37,131 104,223
Other income (expense):        
Interest expense (26,579) (23,178) (52,535) (47,048)
Interest income 191 261 415 848
Loss on debt extinguishment, modifications and termination of derivative instruments (925) 0 (4,424) (781)
Foreign currency exchange (loss) gain, net (140) 315 33 (177)
Other expense, net 184 44 689 915
Loss from investments in partially owned entities (61) (129) (761) (156)
(Loss) income before income tax benefit (expense) (4,425) 33,858 (19,452) 57,824
Income tax (expense) benefit        
Current (2,406) (2,163) (3,617) (4,720)
Deferred (6,568) 967 (4,566) 3,069
Total income tax expense (8,974) (1,196) (8,183) (1,651)
Net (loss) income (13,399) 32,662 (27,635) 56,173
Net (loss) income attributable to non controlling interests (29) 0 149 0
Net (loss) income attributable to Americold Realty Trust $ (13,370) $ 32,662 $ (27,784) $ 56,173
Weighted average common shares outstanding – basic (in shares) 253,213 201,787 253,076 201,294
Weighted average common shares outstanding – diluted (in shares) 253,213 205,298 253,076 204,587
Net (loss) income per common share of beneficial interest - basic (in USD per share) $ (0.05) $ 0.16 $ (0.11) $ 0.28
Net (loss) income per common share of beneficial interest - diluted (in USD per share) $ (0.05) $ 0.16 $ (0.11) $ 0.27
Operating Segments        
Revenues:        
Total revenues $ 654,707 $ 482,522 $ 1,289,502 $ 966,591
Operating expenses:        
Operating income 155,289 128,338 312,529 263,740
Operating Segments | Rent, storage and warehouse services        
Revenues:        
Total revenues 503,734 372,411 989,185 753,479
Operating expenses:        
Cost of operations 359,355 252,279 698,625 506,574
Operating income 144,379 120,132 290,560 246,905
Operating Segments | Third-party managed services        
Revenues:        
Total revenues 72,173 72,954 145,245 137,875
Operating expenses:        
Cost of operations 70,480 69,655 139,170 130,807
Operating income 1,693 3,299 6,075 7,068
Operating Segments | Transportation services        
Revenues:        
Total revenues 78,800 34,861 155,072 70,778
Operating expenses:        
Cost of operations 69,550 30,089 139,119 61,201
Operating income 9,250 4,772 15,953 9,577
Operating Segments | Other        
Revenues:        
Total revenues 0 2,296 0 4,459
Operating expenses:        
Cost of operations 33 2,161 59 4,269
Operating income $ (33) $ 135 $ (59) $ 190