AMERICOLD REALTY TRUST
For the period ended Dec 31, 2023. Filed Feb 29, 2024.
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FY2023 · Filed Feb 29, 2024
COLD$16.06+0.3%Stored close · as of Nov 9, 2026
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See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations
| Americold Realty Trust, Inc. and Subsidiaries | |||
|---|---|---|---|
| Consolidated Statements of Operations | |||
| (In thousands, except per share amounts) | |||
| Years Ended December 31, | |||
| 2023 | 2022 | 2021 | |
| Revenues: | |||
| Rent, storage, and warehouse services | $2,391,089 | $2,302,971 | $2,085,387 |
| Transportation services | 239,670 | 313,358 | 312,092 |
| Third-party managed services | 42,570 | 298,406 | 317,311 |
| Total revenues | 2,673,329 | 2,914,735 | 2,714,790 |
| Operating expenses: | |||
| Rent, storage, and warehouse services cost of operations | 1,668,486 | 1,666,739 | 1,498,951 |
| Transportation services cost of operations | 197,630 | 265,956 | 282,716 |
| Third-party managed services cost of operations | 36,641 | 286,077 | 303,347 |
| Depreciation and amortization | 353,743 | 331,446 | 319,840 |
| Selling, general, and administrative | 226,786 | 231,067 | 182,076 |
| Acquisition, cyber incident, and other, net | 64,087 | 32,511 | 51,578 |
| Impairment of indefinite and long-lived assets | 236,515 | 7,380 | 3,312 |
| (Gain) loss on sale of real estate | (2,254) | 5,689 | — |
| Total operating expenses | 2,781,634 | 2,826,865 | 2,641,820 |
| Operating (loss) income | (108,305) | 87,870 | 72,970 |
| Other income (expense) | |||
| Interest expense | (140,107) | (116,127) | (99,177) |
| Loss on debt extinguishment, modifications and termination of derivative instruments | (2,482) | (3,217) | $(5,689) |
| Loss from investments in partially owned entities | (1,442) | (918) | (723) |
| Impairment of related party loan receivable | (21,972) | — | $— |
| Loss on put option | (56,576) | — | — |
| Other, net | 2,795 | 2,464 | $2,022 |
| Loss from continuing operations before income taxes | (328,089) | (29,928) | (30,597) |
| Income tax benefit (expense) | |||
| Current | (8,508) | (3,725) | (7,578) |
| Deferred | 10,781 | 22,561 | 9,147 |
| Income tax benefit | 2,273 | 18,836 | 1,569 |
| Net loss | |||
| Net loss from continuing operations | (325,816) | (11,092) | (29,028) |
| Net loss from discontinued operations | (10,453) | (8,382) | (1,281) |
| Net loss | (336,269) | (19,474) | (30,309) |
| Net (loss) income attributable to noncontrolling interests | (54) | (34) | 146 |
| Net loss attributable to Americold Realty Trust, Inc. | $(336,215) | $(19,440) | $(30,455) |
| Weighted average common stock outstanding – basic | 275,773 | 269,565 | 259,056 |
| Weighted average common stock outstanding – diluted | 275,773 | 269,565 | 259,056 |
| Net loss per common share - basic | $(1.18) | $(0.04) | $(0.11) |
| Net loss per common share from discontinued operations - basic | (0.04) | (0.03) | 0.00 |
| Basic loss per share | $(1.22) | $(0.07) | $(0.12) |
| Net loss per common share - diluted | $(1.18) | $(0.04) | $(0.11) |
| Net loss per common share from discontinued operations - diluted | (0.04) | (0.03) | 0.00 |
| Diluted loss per share | $(1.22) | $(0.07) | $(0.12) |
| See accompanying notes to consolidated financial statements. | |||
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