Segment Information (Tables)

12 Months Ended

Dec. 31, 2024

Schedule of Segment Reporting Information

The following table presents segment revenues, significant segment expenses and segment contribution with a reconciliation to Loss from continuing operations before income taxes for the years ended December 31, 2024, 2023 and 2022:


	Years Ended December 31,
	2024		2023		2022
	(In thousands)
Segment revenues:
Warehouse	$	2,416,743	$	2,391,089	$	2,302,971
Transportation	209,129		239,670		313,358
Third-party managed	40,669		42,570		298,406
Total revenues	2,666,541		2,673,329		2,914,735

Significant Segment Expenses:
Warehouse:
Power	147,453		147,750		155,661
Other facilities costs	256,910		247,743		231,944
Labor	998,543		1,023,806		1,006,862
Other services costs	212,124		249,187		272,272
Total Warehouse Cost of Operations	1,615,030		1,668,486		1,666,739

Transportation services cost of operations	172,606		197,630		265,956
Third-party managed services cost of operations	32,178		36,641		286,077
Total segment expenses	$	1,819,814	$	1,902,757	$	2,218,772

Segment contribution:
Warehouse	801,713		722,603		636,232
Transportation	36,523		42,040		47,402
Third-party managed	8,491		5,929		12,329
Total segment contribution	846,727		770,572		695,963

Depreciation and amortization	(360,817)		(353,743)		(331,446)
Selling, general, and administrative	(255,118)		(226,786)		(231,067)
Acquisition, cyber incident, and other, net	(77,169)		(64,087)		(32,511)
Impairment of indefinite and long-lived assets	(33,126)		(236,515)		(7,380)
Net gain (loss) from real estate	3,514		2,254		(5,689)
Interest expense	(135,323)		(140,107)		(116,127)
Loss on debt extinguishment, modifications and termination of derivative instruments	(116,082)		(2,482)		(3,217)
Loss from investments in partially owned entities	(3,702)		(1,442)		(918)
Impairment of related party loan receivable	—		(21,972)		—
Loss on put option	—		(56,576)		—
Other, net	27,919		2,795		2,464
Loss from continuing operations before income taxes	$	(103,177)	$	(328,089)	$	(29,928)