XML 14 R4.htm IDEA: XBRL DOCUMENT v3.23.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues:    
Total revenues $ 676,489 $ 705,695
Operating expenses:    
Depreciation and amortization 85,024 82,620
Selling, general and administrative 62,855 57,602
Acquisition, litigation and other, net 7,147 10,075
Loss from sale of real estate 191 0
Total operating expenses 644,140 697,704
Operating income 32,349 7,991
Other expense, net:    
Interest expense (34,423) (25,773)
Loss on debt extinguishment, modifications and termination of derivative instruments (545) (616)
Other income, net 1,433 2,357
Loss from investments in partially owned entities (3,029) (2,112)
Loss before income taxes (4,215) (18,153)
Income tax (expense) benefit:    
Current (1,977) (1,181)
Deferred 3,621 1,889
Total income tax benefit 1,644 708
Net loss (2,571) (17,445)
Net loss attributable to noncontrolling interests (9) (38)
Net loss attributable to Americold Realty Trust, Inc. $ (2,562) $ (17,407)
Weighted average common stock outstanding – basic (in shares) 270,230 269,164
Weighted average common stock outstanding – diluted (in shares) 270,230 269,164
Net loss per common share - basic (in USD per share) $ (0.01) $ (0.06)
Net loss per common share - diluted (in USD per share) $ (0.01) $ (0.06)
Rent, storage and warehouse services    
Operating expenses:    
Cost of operations $ 420,225 $ 394,667
Transportation services    
Operating expenses:    
Cost of operations 56,418 70,381
Third-party managed services    
Operating expenses:    
Cost of operations 12,280 82,359
Operating Segments    
Revenues:    
Total revenues 676,489 705,695
Operating Segments | Rent, storage and warehouse services    
Revenues:    
Total revenues 595,052 540,925
Operating Segments | Transportation services    
Revenues:    
Total revenues 68,078 78,910
Operating Segments | Third-party managed services    
Revenues:    
Total revenues $ 13,359 $ 85,860