AMERICOLD REALTY TRUST
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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FY2024 · Filed Feb 27, 2025
COLD$16.06+0.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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, | |||
| 2024 | 2023 | 2022 | |
| Revenues: | |||
| Rent, storage, and warehouse services | $2,416,743 | $2,391,089 | $2,302,971 |
| Transportation services | 209,129 | 239,670 | 313,358 |
| Third-party managed services | 40,669 | 42,570 | 298,406 |
| Total revenues | 2,666,541 | 2,673,329 | 2,914,735 |
| Operating expenses: | |||
| Rent, storage, and warehouse services 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 |
| 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 sale of real estate | (3,514) | (2,254) | 5,689 |
| Total operating expenses | 2,542,530 | 2,781,634 | 2,826,865 |
| Operating income (loss) | 124,011 | (108,305) | 87,870 |
| Other income (expense): | |||
| 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) |
| Income tax benefit (expense): | |||
| Current income tax | (4,782) | (8,508) | (3,725) |
| Deferred income tax | 13,210 | 10,781 | 22,561 |
| Total income tax benefit | 8,428 | 2,273 | 18,836 |
| Net loss: | |||
| Net loss from continuing operations | (94,749) | (325,816) | (11,092) |
| Loss from discontinued operations, net of tax | — | (10,453) | (8,382) |
| Net loss | (94,749) | (336,269) | (19,474) |
| Net loss attributable to noncontrolling interests | (436) | (54) | (34) |
| Net loss attributable to Americold Realty Trust, Inc. | $(94,313) | $(336,215) | $(19,440) |
| Weighted average common stock outstanding – basic | 284,782 | 275,773 | 269,565 |
| Weighted average common stock outstanding – diluted | 284,782 | 275,773 | 269,565 |
| Net loss per common share from continuing operations - basic | $(0.33) | $(1.18) | $(0.04) |
| Net loss per common share from discontinued operations - basic | — | (0.04) | (0.03) |
| Basic loss per share | $(0.33) | $(1.22) | $(0.07) |
| Net loss per common share from continuing operations - diluted | $(0.33) | $(1.18) | $(0.04) |
| Net loss per common share from discontinued operations - diluted | — | (0.04) | (0.03) |
| Diluted loss per share | $(0.33) | $(1.22) | $(0.07) |
| See accompanying Notes to Consolidated Financial Statements. | |||
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