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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues:        
Total revenues $ 649,610 $ 729,756 $ 1,326,099 $ 1,435,451
Operating expenses:        
Depreciation and amortization 84,892 82,690 169,916 165,310
Selling, general and administrative 53,785 56,273 116,640 113,875
Acquisition, cyber incident and other, net 27,235 5,663 34,382 15,738
Gain from sale of real estate (2,528) 0 (2,337) 0
Total operating expenses 628,943 706,091 1,273,083 1,403,795
Operating income 20,667 23,665 53,016 31,656
Other (expense) income:        
Interest expense (36,431) (26,545) (70,854) (52,318)
Loss on debt extinguishment, modifications and termination of derivative instruments (627) (627) (1,172) (1,244)
Loss from investments in partially owned entities (709) (359) (1,357) (823)
Impairment of related party loan receivable     (21,972) 0
Loss on put option (56,576) 0 (56,576) 0
Other, net (415) (962) 1,018 1,396
Loss from continuing operations before income taxes (96,063) (4,828) (97,897) (21,333)
Income tax (expense) benefit:        
Current (1,923) (817) (3,900) (1,998)
Deferred 1,459 12,886 5,080 14,775
Total income tax (expense) benefit (464) 12,069 1,180 12,777
Net (loss) income from continuing operations (96,527) 7,241 (96,717) (8,556)
Loss from discontinued operations, net of tax (8,275) (3,288) (10,656) (4,936)
Net (loss) income (104,802) 3,953 (107,373) (13,492)
Net (loss) income attributable to noncontrolling interests (78) 18 (87) (20)
Net (loss) income attributable to Americold Realty Trust, Inc. $ (104,724) $ 3,935 $ (107,286) $ (13,472)
Weighted average common stock outstanding – basic (in shares) 270,462 269,497 270,387 269,464
Weighted average common stock outstanding – diluted (in shares) 270,462 270,384 270,387 269,464
Net (loss) income per common share from continuing operations - basic (in USD per share) $ (0.36) $ 0.03 $ (0.36) $ (0.03)
Net (loss) income per common share from discontinued operations - basic (in USD per share) (0.03) (0.02) (0.04) (0.02)
Earnings (loss) per share - Basic (in USD per share) (0.39) 0.01 (0.40) (0.05)
Net (loss) income per common share from continuing operations - diluted (in USD per share) (0.36) 0.03 (0.36) (0.03)
Net (loss) income per common share from discontinued operations - diluted (in USD per share) (0.03) (0.02) (0.04) (0.02)
Earnings (loss) per share - Diluted (in USD per share) $ (0.39) $ 0.01 $ (0.40) $ (0.05)
Related party        
Other (expense) income:        
Impairment of related party loan receivable $ (21,972) $ 0 $ (21,972) $ 0
Rent, storage and warehouse services        
Operating expenses:        
Cost of operations 408,328 413,394 828,553 808,061
Transportation services        
Operating expenses:        
Cost of operations 48,263 68,306 104,681 138,687
Third-party managed services        
Operating expenses:        
Cost of operations 8,968 79,765 21,248 162,124
Operating Segments        
Revenues:        
Total revenues 649,610 729,756 1,326,099 1,435,451
Operating Segments | Rent, storage and warehouse services        
Revenues:        
Total revenues 581,170 564,379 1,176,222 1,105,304
Operating Segments | Transportation services        
Revenues:        
Total revenues 58,072 81,891 126,150 160,801
Operating Segments | Third-party managed services        
Revenues:        
Total revenues $ 10,368 $ 83,486 $ 23,727 $ 169,346