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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues:        
Total revenues $ 660,955 $ 649,610 $ 1,325,935 $ 1,326,099
Operating expenses:        
Depreciation and amortization 89,649 84,892 181,744 169,916
Selling, general, and administrative 59,453 53,785 124,879 116,640
Acquisition, cyber incident, and other, net 3,013 27,235 18,011 34,382
Gain from sale of real estate 0 (2,528) (3,514) (2,337)
Total operating expenses 597,587 628,943 1,220,736 1,273,083
Operating income 63,368 20,667 105,199 53,016
Other income (expense):        
Interest expense (33,180) (36,431) (66,610) (70,854)
Loss on debt extinguishment and termination of derivative instruments (110,682) (627) (115,864) (1,172)
Loss from investments in partially owned entities (1,034) (709) (1,983) (1,357)
Loss on put option 0 (56,576) 0 (56,576)
Other, net 14,623 (415) 24,149 1,018
Loss from continuing operations before income taxes (66,905) (96,063) (55,109) (97,897)
Income tax (expense) benefit:        
Current income tax (1,857) (1,923) (3,232) (3,900)
Deferred income tax 4,353 1,459 3,734 5,080
Total income tax benefit (expense) 2,496 (464) 502 1,180
Net loss from continuing operations (64,409) (96,527) (54,607) (96,717)
Net loss from discontinued operations 0 (8,275) 0 (10,656)
Net loss (64,409) (104,802) (54,607) (107,373)
Net loss attributable to noncontrolling interests (300) (78) (238) (87)
Net loss attributable to Americold Realty Trust, Inc. $ (64,109) $ (104,724) $ (54,369) $ (107,286)
Weighted average common stock outstanding – basic (in shares) 284,683 270,462 284,664 270,387
Weighted average common stock outstanding – diluted (in shares) 284,683 270,462 284,664 270,387
Net loss per common share from continuing operations - basic (in USD per share) $ (0.23) $ (0.36) $ (0.19) $ (0.36)
Net loss per common share from discontinued operations - basic (in USD per share) 0 (0.03) 0 (0.04)
Basic loss per share (in USD per share) (0.23) (0.39) (0.19) (0.40)
Net loss per common share from continuing operations - diluted (in USD per share) (0.23) (0.36) (0.19) (0.36)
Net loss per common share from discontinued operations - diluted (in USD per share) 0 (0.03) 0 (0.04)
Diluted loss per share (in USD per share) $ (0.23) $ (0.39) $ (0.19) $ (0.40)
Related party        
Other income (expense):        
Impairment of related party loan receivable $ 0 $ (21,972) $ 0 $ (21,972)
Rent, storage, and warehouse services        
Operating expenses:        
Cost of operations 395,856 408,328 796,435 828,553
Transportation services cost of operations        
Operating expenses:        
Cost of operations 41,787 48,263 87,118 104,681
Third-party managed services cost of operations        
Operating expenses:        
Cost of operations 7,829 8,968 16,063 21,248
Operating Segments        
Revenues:        
Total revenues 660,955 649,610 1,325,935 1,326,099
Operating Segments | Rent, storage, and warehouse services        
Revenues:        
Total revenues 600,387 581,170 1,198,097 1,176,222
Operating Segments | Transportation services cost of operations        
Revenues:        
Total revenues 50,637 58,072 107,490 126,150
Operating Segments | Third-party managed services cost of operations        
Revenues:        
Total revenues $ 9,931 $ 10,368 $ 20,348 $ 23,727