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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating activities:      
Net loss $ (94,749) $ (336,269) $ (19,474)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Depreciation and amortization 360,817 353,743 331,446
Amortization of deferred financing costs and pension withdrawal liability 5,329 5,095 4,833
Loss on debt extinguishment, modifications and termination of derivative instruments, non-cash 116,082 2,482 3,217
Loss from investments in partially owned entities 3,702 5,553 9,300
Gain on extinguishment of new market tax credit structure 0 0 (3,410)
Loss on deconsolidation of subsidiary contributed 0 0 4,148
Stock-based compensation expense 28,233 23,592 27,137
Deferred income tax benefit (13,210) (10,781) (22,561)
Impairment of indefinite and long-lived assets 33,126 236,515 7,380
Provision for doubtful accounts receivable 7,633 6,422 7,394
Impairment of related party loan receivable 0 21,972 0
Loss on put option 0 56,576 0
Loss on classification of Comfrio as held for sale 0 4,616 0
Non-cash operating lease expenses 42,751 42,841 52,330
Changes in operating assets and liabilities:      
Accounts receivable 22,748 (2,748) (68,629)
Accounts payable and accrued expenses 17,349 23,545 13,291
Other assets (62,710) (49,635) (25,057)
Operating lease liabilities (40,345) (37,605) (34,162)
Other, net (14,879) 20,241 12,813
Net cash provided by operating activities 411,877 366,155 299,996
Investing activities:      
Additions to property, buildings, and equipment (309,458) (264,467) (308,365)
Business combinations, net of cash acquired 0 (46,653) (15,829)
Acquisitions of property, buildings, equipment, and other assets, net of cash acquired 0 (65,771) (14,581)
Investments in and advances to partially owned entities and other (13,049) (20,533) (14,427)
Net payments for sale of business (discontinued operations) 0 (4,616) 0
Proceeds from sale of property, buildings, and equipment 9,324 8,071 4,713
Proceeds from sale of investments in partially owned entities 0 36,896 0
Net cash used in investing activities (313,183) (357,073) (348,489)
Financing activities:      
Distributions paid on common stock, restricted stock units and noncontrolling interests in OP (252,119) (242,221) (238,709)
Proceeds from stock options exercised 2,828 2,952 3,974
Proceeds from employee stock purchase plan 3,069 3,047 3,879
Remittance of withholding taxes related to employee stock-based transactions (3,646) (3,375) (8,308)
Proceeds from revolving line of credit 827,224 716,326 529,354
Repayment on revolving line of credit (942,183) (832,519) (413,860)
Repayment of sale-leaseback financing obligations (7,091) (17,891) (7,835)
Termination of sale-leaseback financing obligations (190,954) 0 0
Repayment of financing lease obligations (37,921) (39,214) (33,860)
Payment of debt issuance and extinguishment costs (5,992) 0 (11,651)
Repayment of term loans, mortgage notes, and notes payable 0 0 (269,659)
Proceeds from senior unsecured notes and term loans 0 0 470,000
Proceeds from public senior unsecured notes offering 500,000 0 0
Net proceeds from issuance of common stock 0 412,610 0
Net cash (used in) provided by financing activities (106,785) (285) 23,325
Net (decrease) increase in cash, cash equivalents and restricted cash (8,091) 8,797 (25,168)
Effect of foreign currency translation on cash, cash equivalents and restricted cash (4,649) (1,468) (4,727)
Cash, cash equivalents and restricted cash:      
Beginning of period 60,392 53,063 82,958
End of period 47,652 60,392 53,063
Supplemental disclosures of non-cash investing and financing activities:      
Addition of property, buildings and equipment on accrual 32,538 34,034 49,378
Operating leases 11,186 6,244 7,889
Finance leases 38,989 59,276 18,694
Supplemental disclosures of cash flows information:      
Interest paid – net of amounts capitalized 122,023 134,513 118,161
Income taxes paid – net of refunds 6,718 5,828 7,885
Allocation of purchase price of business combinations, net of cash acquired to:      
Goodwill 784,042 794,004 1,033,637
Americold LATAM Holdings Ltd      
Allocation of purchase price of business combinations, net of cash acquired to:      
Recognition of investment in unconsolidated LATAM joint venture 0 0 36,896
Discontinued Operations, Disposed of by Means Other than Sale | Chili Joint Venture | Land      
Allocation of purchase price of business combinations, net of cash acquired to:      
Net carrying value of Chile assets and liabilities deconsolidated 0 0 (19,574)
Discontinued Operations, Disposed of by Means Other than Sale | Chili Joint Venture | Building and improvements      
Allocation of purchase price of business combinations, net of cash acquired to:      
Net carrying value of Chile assets and liabilities deconsolidated 0 0 (10,118)
Discontinued Operations, Disposed of by Means Other than Sale | Chili Joint Venture | Machinery and equipment      
Allocation of purchase price of business combinations, net of cash acquired to:      
Net carrying value of Chile assets and liabilities deconsolidated 0 0 (8,395)
Discontinued Operations, Disposed of by Means Other than Sale | Chili Joint Venture | Assets under construction      
Allocation of purchase price of business combinations, net of cash acquired to:      
Net carrying value of Chile assets and liabilities deconsolidated 0 0 (20)
Discontinued Operations, Disposed of by Means Other than Sale | Chili Joint Venture | Accumulated depreciation      
Allocation of purchase price of business combinations, net of cash acquired to:      
Net carrying value of Chile assets and liabilities deconsolidated 0 0 1,959
Discontinued Operations, Disposed of by Means Other than Sale | Chili Joint Venture | Cash, cash equivalents and restricted cash      
Allocation of purchase price of business combinations, net of cash acquired to:      
Net carrying value of Chile assets and liabilities deconsolidated 0 0 (2,483)
Discontinued Operations, Disposed of by Means Other than Sale | Chili Joint Venture | Accounts receivable      
Allocation of purchase price of business combinations, net of cash acquired to:      
Net carrying value of Chile assets and liabilities deconsolidated 0 0 (1,422)
Discontinued Operations, Disposed of by Means Other than Sale | Chili Joint Venture | Goodwill      
Allocation of purchase price of business combinations, net of cash acquired to:      
Net carrying value of Chile assets and liabilities deconsolidated 0 0 (6,653)
Discontinued Operations, Disposed of by Means Other than Sale | Chili Joint Venture | Other assets      
Allocation of purchase price of business combinations, net of cash acquired to:      
Net carrying value of Chile assets and liabilities deconsolidated 0 0 (309)
Discontinued Operations, Disposed of by Means Other than Sale | Chili Joint Venture | Accounts payable and accrued expenses      
Allocation of purchase price of business combinations, net of cash acquired to:      
Net carrying value of Chile assets and liabilities deconsolidated 0 0 1,105
Discontinued Operations, Disposed of by Means Other than Sale | Chili Joint Venture | Mortgage notes, senior unsecured notes and term loans – net of unamortized deferred financing costs      
Allocation of purchase price of business combinations, net of cash acquired to:      
Net carrying value of Chile assets and liabilities deconsolidated 0 0 9,633
Discontinued Operations, Disposed of by Means Other than Sale | Chili Joint Venture | Accumulated other comprehensive loss      
Allocation of purchase price of business combinations, net of cash acquired to:      
Net carrying value of Chile assets and liabilities deconsolidated 0 0 (4,766)
Discontinued Operations, Disposed of by Means Other than Sale | Chili Joint Venture | Net carrying value of Chile assets and liabilities deconsolidated      
Allocation of purchase price of business combinations, net of cash acquired to:      
Net carrying value of Chile assets and liabilities deconsolidated 0 0 (41,043)
Business Acquisitions      
Allocation of purchase price of business combinations, net of cash acquired to:      
Land 0 0 514
Buildings and improvements 0 0 8,218
Machinery and equipment 0 0 3,676
Goodwill 0 0 3,107
Other assets 0 0 25
Accounts payable and accrued expenses [1] 0 46,653 289
Assets of discontinued operations - held for sale 0 86,085 0
Liabilities of discontinued operations - held for sale 0 (86,085) 0
Total consideration 0 46,653 15,829
Asset Acquisitions      
Allocation of purchase price of property, buildings, equipment, and other assets, net of cash acquired to:      
Other assets and liabilities, net 0 239 0
Cash paid for acquisitions of property, buildings, equipment, and other assets, net 0 65,771 14,581
Asset Acquisitions | Land      
Allocation of purchase price of property, buildings, equipment, and other assets, net of cash acquired to:      
Property, plant and equipment, additions 0 15,551 3,628
Asset Acquisitions | Building and improvements      
Allocation of purchase price of property, buildings, equipment, and other assets, net of cash acquired to:      
Property, plant and equipment, additions 0 35,551 8,289
Asset Acquisitions | Machinery and equipment      
Allocation of purchase price of property, buildings, equipment, and other assets, net of cash acquired to:      
Property, plant and equipment, additions $ 0 $ 14,430 $ 2,664
[1]
(1)Accounts payable and accrued expenses activity as of December 31, 2023 represents the relief of the remaining put option liability for Comfrio.