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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues:        
Total revenues $ 708,808 $ 497,458 $ 1,998,310 $ 1,464,049
Operating expenses:        
Depreciation and amortization 70,569 53,569 232,239 157,572
Selling, general and administrative 45,545 35,969 133,072 105,202
Acquisition, litigation and other, net 6,338 5,282 31,011 9,771
Impairment of long-lived assets 1,784 2,615 3,312 6,282
Loss (gain) from sale of real estate 0 427 0 (21,448)
Total operating expenses 677,273 460,001 1,929,644 1,322,369
Operating income 31,535 37,457 68,666 141,680
Other income (expense):        
Interest expense (25,303) (23,066) (77,838) (70,114)
Loss on debt extinguishment, modifications and termination of derivative instruments (627) 0 (5,051) (781)
Other expense, net (523) (1,198) (147) 232
Income (loss) before income tax benefit (expense) 5,082 13,193 (14,370) 71,017
Income tax (expense) benefit        
Current (3,336) (2,103) (6,953) (6,823)
Deferred 3,562 1,284 (1,004) 4,353
Total income tax benefit (expense) 226 (819) (7,957) (2,470)
Net income (loss) 5,308 12,374 (22,327) 68,547
Net income attributable to non controlling interests 14 0 163 0
Net income (loss) attributable to Americold Realty Trust $ 5,294 $ 12,374 $ (22,490) $ 68,547
Weighted average common shares outstanding – basic (in shares) 261,865 204,289 256,129 202,380
Weighted average common shares outstanding – diluted (in shares) 262,550 208,500 256,129 206,051
Net (loss) income per common share of beneficial interest - basic (in USD per share) $ 0.02 $ 0.06 $ (0.09) $ 0.33
Net (loss) income per common share of beneficial interest - diluted (in USD per share) $ 0.02 $ 0.06 $ (0.09) $ 0.33
Third-party managed services        
Operating expenses:        
Impairment of long-lived assets       $ 2,600
Operating Segments        
Revenues:        
Total revenues $ 708,808 $ 497,458 $ 1,998,310 1,464,049
Operating expenses:        
Operating income 155,771 135,319 468,300 399,059
Operating Segments | Rent, storage and warehouse services        
Revenues:        
Total revenues 542,047 388,024 1,531,232 1,141,503
Operating expenses:        
Cost of operations 397,055 260,268 1,095,680 766,842
Operating income 144,992 127,756 435,552 374,661
Operating Segments | Third-party managed services        
Revenues:        
Total revenues 87,782 75,338 233,027 213,213
Operating expenses:        
Cost of operations 83,231 71,945 222,401 202,752
Operating income 4,551 3,393 10,626 10,461
Operating Segments | Transportation services        
Revenues:        
Total revenues 78,979 34,096 234,051 104,874
Operating expenses:        
Cost of operations 72,728 29,909 211,847 91,110
Operating income 6,251 4,187 22,204 13,764
Operating Segments | Other        
Revenues:        
Total revenues 0 0 0 4,459
Operating expenses:        
Cost of operations 23 17 82 4,286
Operating income $ (23) $ (17) $ (82) $ 173