← AMERICOLD REALTY TRUST
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Net payments for sale of business (discontinued operations) | — | — | — | — | $0 | $0 | ($4.6m) | $0 | $0 | |
| Assets of discontinued operations - held for sale | — | — | — | — | $0 | $0 | $86.1m | $0 | $0 | |
| Liabilities of discontinued operations - held for sale | — | — | — | — | $0 | $0 | ($86.1m) | $0 | $0 | |
| Depreciation and amortization | $116.7m | $117.7m | $163.3m | $215.9m | $319.8m | $331.4m | $353.7m | $360.8m | $367.4m | |
| Amortization of deferred financing costs and pension withdrawal liability | $8.6m | $6.2m | $6.0m | $5.1m | $4.4m | $4.8m | $5.1m | $5.3m | $5.9m | |
| Project Orion and other software related deferred costs amortization | — | — | — | — | — | — | $0 | $4.2m | $16.6m | |
| Deferred income tax benefit | ($3.7m) | ($3.2m) | ($10.7m) | ($13.7m) | ($9.1m) | ($22.6m) | ($10.8m) | ($13.2m) | ($26.6m) | |
| Impairment of indefinite and long-lived assets | — | — | — | $8.2m | $3.3m | $7.4m | $236.5m | $33.1m | $47.1m | |
| Impairment of related party loan receivable | — | — | — | — | $0 | $0 | $22.0m | $0 | $0 | |
| Loss on debt extinguishment and termination of derivative instruments | $400k | $28.4m | $0 | $2.0m | $5.6m | $3.2m | $2.5m | $116.1m | $0 | |
| Non-cash operating lease expenses | $163.3m | $188.2m | $236.2m | $293.7m | $59.4m | $52.3m | $42.8m | $42.8m | $37.9m | |
| Operating lease liabilities | — | — | — | — | ($36.1m) | ($34.2m) | ($37.6m) | ($40.3m) | ($36.8m) | |
| Operating leases | $0 | $0 | $12.5m | $44.9m | $50.9m | $7.9m | $6.2m | $11.2m | $24.6m | |
| Net loss | — | $48.0m | $48.2m | $24.6m | ($30.3m) | ($19.5m) | ($336.3m) | ($94.7m) | ($115.3m) | |
| Gain from sale of partially owned entity | — | — | — | — | — | — | $0 | $0 | ($2.4m) | |
| Loss from investments in partially owned entities | — | $1.1m | $111k | $250k | $2.0m | $9.3m | $5.6m | $3.7m | $2.1m | |
| Stock-based compensation expense | $0 | $2.0m | — | $17.9m | $23.9m | $27.1m | $23.6m | $28.2m | $30.2m | |
| Provision for doubtful accounts receivable | $1.2m | $2.3m | $1.2m | $5.4m | $6.5m | $7.4m | $6.4m | $7.6m | $5.1m | |
| Loss on put option | — | — | — | — | $0 | $0 | $56.6m | $0 | $0 | |
| Loss on classification of Comfrio as held for sale | — | — | — | — | $0 | $0 | $4.6m | $0 | $0 | |
| Net loss (gain) from sale of real estate | — | — | — | — | — | — | ($2.3m) | ($3.5m) | $44.3m | |
| Accounts receivable | $1.6m | ($1.9m) | $44.5m | $118.6m | $6.4m | $6.3m | $0 | $22.7m | $20.9m | |
| Accounts payable and accrued expenses | $18.2m | ($5.2m) | ($88.5m) | ($141.5m) | ($12.6m) | $289k | $46.7m | $0 | ($582k) | |
| Other assets | — | — | $14.2m | $27.5m | $4.0m | $25k | $0 | $0 | ($22.2m) | |
| Proceeds from settlement of treasury lock hedge transactions | — | — | — | — | — | — | $0 | $0 | $1.3m | |
| Other, net | ($13.7m) | ($6.2m) | $4.8m | ($4.3m) | ($13.5m) | $15.3m | $19.6m | ($14.9m) | $1.2m | |
| Additions to property, buildings and equipment | ($149.0m) | ($145.2m) | ($217.2m) | ($376.8m) | ($438.2m) | ($308.4m) | ($264.5m) | ($309.5m) | ($576.8m) | |
| Acquisitions of property, buildings, equipment, and other assets, net of cash acquired | $149.0m | $145.2m | $217.2m | $51.1m | ($53.6m) | ($14.6m) | ($65.8m) | $0 | $0 | |
| Investments in and advances to partially owned entities and other, net | — | $0 | $0 | ($26.2m) | ($7.6m) | ($14.4m) | ($20.5m) | ($13.0m) | ($24.6m) | |
| Proceeds from sale of property, buildings, and equipment | $10.2m | $19.5m | $1.2m | $80.2m | $959k | $4.7m | $8.1m | $9.3m | $25.9m | |
| Payment for foreign currency exchange forwards settlement | — | — | — | — | — | — | $0 | $0 | ($1.5m) | |
| Proceeds from stock options exercised | $0 | $14.8m | $10.2m | $6.7m | $6.1m | $4.0m | $3.0m | $2.8m | $2.9m | |
| Proceeds from employee stock purchase plan | — | — | — | $0 | $1.9m | $3.9m | $3.0m | $3.1m | $1.6m | |
| Remittance of withholding taxes related to employee stock-based transactions | $0 | ($12.7m) | ($7.1m) | ($7.0m) | ($16.9m) | ($8.3m) | ($3.4m) | ($3.6m) | ($3.2m) | |
| Proceeds from revolving line of credit | $34.0m | $0 | $100.0m | $636.8m | $811.0m | $529.4m | $716.3m | $827.2m | $627.5m | |
| Repayment on revolving line of credit | ($62.0m) | $0 | ($100.0m) | ($627.1m) | ($405.0m) | ($413.9m) | ($832.5m) | ($942.2m) | ($572.0m) | |
| Repayment of sale-leaseback financing obligations | ($2.1m) | ($2.6m) | ($3.2m) | ($3.8m) | ($6.8m) | ($7.8m) | ($17.9m) | ($7.1m) | ($4.2m) | |
| Termination of sale-leaseback financing obligations | — | — | — | — | — | $0 | $0 | ($191.0m) | ($15.3m) | |
| Repayment of financing lease obligations | ($8.4m) | ($10.4m) | ($13.3m) | ($20.0m) | ($32.4m) | ($33.9m) | ($39.2m) | ($37.9m) | ($37.7m) | |
| Proceeds from public senior unsecured notes offering | — | — | — | — | — | $0 | $0 | $500.0m | $400.0m | |
| Proceeds from senior unsecured term loans | $110.0m | $525.0m | $0 | $177.1m | $50.0m | $470.0m | $0 | $0 | $250.0m | |
| Beginning of period | $70.0m | $214.1m | $240.6m | $621.1m | $83.0m | $53.1m | $60.4m | $47.7m | $136.9m | |
| Addition of property, buildings and equipment on accrual | ($149.0m) | $18.8m | $51.3m | $51.1m | $52.8m | $49.4m | $34.0m | $32.5m | $40.8m | |
| Finance leases | $18.6m | $13.3m | $30.4m | $38.9m | $24.6m | $18.7m | $59.3m | $39.0m | $94.7m | |
| Other assets and liabilities, net | — | — | ($17k) | $303k | $0 | $0 | $239k | $0 | $0 | |
| Cash paid for acquisitions of property, buildings, equipment, and other assets, net | ($31.9m) | $18.8m | ($86.8m) | $25.6m | $53.6m | $14.6m | $65.8m | $0 | $0 | |
| Land | — | — | $125.6m | $263.3m | $68.9m | $70.0m | $0 | $0 | $10.0m | |
| Buildings and improvements | — | — | $1.4b | $1.8b | $188.8m | $8.2m | $0 | $0 | $41.5m | |
| Machinery and equipment | — | — | $308.0m | $498.9m | $72.5m | $72.5m | $0 | $0 | $19.3m | |
| Goodwill | $188.2m | $186.1m | $318.5m | $794.3m | $1.1b | $1.0b | $794.0m | $784.0m | $828.3m | |
| Deferred revenue | — | — | — | — | — | — | $0 | $0 | ($204k) | |
| Total consideration | — | — | $2.6b | $3.7b | $709.3m | $724.9m | $46.7m | $0 | $108.4m | |
| Net cash provided by operating activities | $163.3m | $188.2m | $236.2m | $293.7m | $273.1m | $300.0m | $366.2m | $411.9m | $359.6m | |
| Property, plant and equipment, additions | $9.5m | $13.8m | $1.3b | $2.1b | $52.8m | $49.4m | $34.0m | $32.5m | $40.8m | |
| Business combinations, net of cash acquired | $0 | $0 | ($1.3b) | ($1.9b) | ($741.4m) | ($15.8m) | ($46.7m) | $0 | ($108.4m) | |
| Proceeds from sale of investments in partially owned entities | $0 | $0 | $14.2m | $154k | $596k | $0 | $36.9m | $0 | $27.5m | |
| Net cash used in investing activities | ($138.8m) | ($125.7m) | ($1.6b) | ($2.2b) | ($1.2b) | ($348.5m) | ($357.1m) | ($313.2m) | ($658.0m) | |
| Payment of debt issuance costs | ($4.2m) | ($16.6m) | ($2.1m) | ($10.1m) | ($3.8m) | ($11.7m) | $0 | ($6.0m) | ($4.9m) | |
| Net proceeds from issuance of common stock | $0 | $586.3m | $1.2b | $1.6b | $474.5m | $0 | $412.6m | $0 | $0 | |
| Distributions paid on common stock, restricted stock units and noncontrolling interests in OP | ($20.2m) | ($76.5m) | ($135.4m) | ($167.1m) | ($227.5m) | ($238.7m) | ($242.2m) | ($252.1m) | ($261.4m) | |
| Net cash provided by (used in) financing activities | ($18.6m) | $84.9m | $1.4b | $2.3b | $431.5m | $23.3m | ($285k) | ($106.8m) | $383.3m | |
| Net increase (decrease) in cash, cash equivalents and restricted cash | $5.9m | $147.4m | $26.6m | $374.5m | ($534.6m) | ($25.2m) | $8.8m | ($8.1m) | $84.9m | |
| Effect of foreign currency translation on cash, cash equivalents and restricted cash | $1.1m | ($3.3m) | ($110k) | $6.0m | ($3.4m) | ($4.7m) | ($1.5m) | ($4.6m) | $4.3m | |
| Cash and cash equivalents | $48.9m | $208.1m | $9.3m | $61.8m | $6.9m | $6.9m | $0 | $0 | $4k | |
| Interest paid – net of amounts capitalized | $106.6m | $85.6m | $68.0m | $82.8m | $87.7m | $118.2m | $134.5m | $122.0m | $138.4m | |
| Income taxes paid – net of refunds | $11.9m | $5.5m | $2.2m | $1.5m | $10.8m | $7.9m | $5.8m | $6.7m | $5.9m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.