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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating activities:      
Net loss $ (336,269) $ (19,474) $ (30,309)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Depreciation and amortization 353,743 331,446 319,840
Amortization of deferred financing costs and pension withdrawal liability 5,095 4,833 4,425
Loss on debt extinguishment, modification and termination of derivative instruments, non-cash 2,482 3,217 5,565
Loss from investments in partially owned entities 5,553 9,300 2,004
Gain on extinguishment of new market tax credit structure 0 (3,410) 0
Loss on deconsolidation of subsidiary contributed 0 4,148 0
Stock-based compensation expense 23,592 27,137 23,931
Deferred tax benefit (10,781) (22,561) (9,147)
(Gain) loss from sale of real estate (2,254) 5,689 0
Loss on other asset disposals 2,869 3,556 279
Impairment of indefinite and long-lived assets 236,515 7,380 3,312
Provision for doubtful accounts receivable, net 6,422 7,394 6,466
Impairment of related party loan receivable 21,972 0 0
Loss on put option 56,576 0 0
Loss on classification of Comfrio as held for sale 4,616 0 0
Non-cash operating lease expense 42,841 52,330 59,405
Changes in operating assets and liabilities:      
Accounts receivable (2,748) (68,629) (60,476)
Accounts payable and accrued expenses 23,545 13,291 (7,504)
Other assets (49,635) (25,057) (12,325)
Operating lease liabilities (37,605) (34,162) (36,107)
Other 19,626 3,568 3,701
Net cash provided by operating activities 366,155 299,996 273,060
Investing activities:      
Additions to property, buildings and equipment (264,467) (308,365) (438,190)
Business combinations, net of cash acquired (46,653) (15,829) (741,353)
Acquisitions of property, buildings, equipment, and other assets, net of cash acquired (65,771) (14,581) (53,641)
Investment in partially owned entities and other (20,533) (14,427) (7,570)
Net payments for sale of business (discontinued operations) (4,616) 0 0
Proceeds from sale of property, buildings and equipment 8,071 4,713 959
Proceeds from sale of investments in partially owned entities 36,896 0 596
Net cash (used in) investing activities (357,073) (348,489) (1,239,199)
Financing activities:      
Distributions paid on common stock, restricted stock units and noncontrolling interests in OP (242,221) (238,709) (227,522)
Purchase of noncontrolling interest holders share in consolidated joint venture 0 0 (11,600)
Proceeds from stock options exercised 2,952 3,974 6,105
Proceeds from employee stock purchase plan 3,047 3,879 1,920
Remittance of withholding taxes related to employee stock-based transactions (3,375) (8,308) (16,886)
Proceeds from revolving line of credit 716,326 529,354 810,985
Repayment on revolving line of credit (832,519) (413,860) (405,000)
Repayment of sale-leaseback financing obligations (17,891) (7,835) (6,782)
Repayment of financing lease obligations (39,214) (33,860) (32,441)
Payment of debt issuance and extinguishment costs 0 (11,651) (3,760)
Repayment of term loans, mortgage notes, and notes payable 0 (269,659) (208,011)
Proceeds from term loans 0 470,000 50,000
Net proceeds from issuance of common stock 412,610 0 474,481
Net cash (used in) provided by financing activities (285) 23,325 431,489
Net increase (decrease) in cash, cash equivalents, and restricted cash 8,797 (25,168) (534,650)
Effect of foreign currency translation on cash, cash equivalents and restricted cash (1,468) (4,727) (3,443)
Cash, cash equivalents and restricted cash:      
Beginning of period 53,063 82,958 621,051
End of period 60,392 53,063 82,958
Supplemental disclosures of non-cash investing and financing activities:      
Deferred cash consideration for acquisitions 0 0 11,820
Addition of property, buildings and equipment on accrual 34,034 49,378 52,818
Addition of fixed assets under financing lease obligations 59,276 18,694 24,567
Addition of fixed assets under operating lease obligations 6,244 7,889 50,886
Supplemental disclosures of cash flows information:      
Interest paid – net of amounts capitalized 134,513 118,161 87,720
Income taxes paid – net of refunds 5,828 7,885 10,786
Allocation of purchase price to business combinations:      
Goodwill 794,004 1,033,637 1,072,980
Americold LATAM Holdings Ltd      
Allocation of purchase price to business combinations:      
Recognition of investment in unconsolidated LATAM joint venture 0 36,896 0
Discontinued Operations, Disposed of by Means Other than Sale | Chili Joint Venture | Land      
Allocation of purchase price to business combinations:      
Net carrying value of Chile assets and liabilities deconsolidated 0 (19,574) 0
Discontinued Operations, Disposed of by Means Other than Sale | Chili Joint Venture | Building and improvements      
Allocation of purchase price to business combinations:      
Net carrying value of Chile assets and liabilities deconsolidated 0 (10,118) 0
Discontinued Operations, Disposed of by Means Other than Sale | Chili Joint Venture | Machinery and equipment      
Allocation of purchase price to business combinations:      
Net carrying value of Chile assets and liabilities deconsolidated 0 (8,395) 0
Discontinued Operations, Disposed of by Means Other than Sale | Chili Joint Venture | Assets under construction      
Allocation of purchase price to business combinations:      
Net carrying value of Chile assets and liabilities deconsolidated 0 (20) 0
Discontinued Operations, Disposed of by Means Other than Sale | Chili Joint Venture | Accumulated depreciation      
Allocation of purchase price to business combinations:      
Net carrying value of Chile assets and liabilities deconsolidated 0 1,959 0
Discontinued Operations, Disposed of by Means Other than Sale | Chili Joint Venture | Cash, cash equivalents and restricted cash      
Allocation of purchase price to business combinations:      
Net carrying value of Chile assets and liabilities deconsolidated 0 (2,483) 0
Discontinued Operations, Disposed of by Means Other than Sale | Chili Joint Venture | Accounts receivable      
Allocation of purchase price to business combinations:      
Net carrying value of Chile assets and liabilities deconsolidated 0 (1,422) 0
Discontinued Operations, Disposed of by Means Other than Sale | Chili Joint Venture | Goodwill      
Allocation of purchase price to business combinations:      
Net carrying value of Chile assets and liabilities deconsolidated 0 (6,653) 0
Discontinued Operations, Disposed of by Means Other than Sale | Chili Joint Venture | Other assets      
Allocation of purchase price to business combinations:      
Net carrying value of Chile assets and liabilities deconsolidated 0 (309) 0
Discontinued Operations, Disposed of by Means Other than Sale | Chili Joint Venture | Accounts payable and accrued expenses      
Allocation of purchase price to business combinations:      
Net carrying value of Chile assets and liabilities deconsolidated 0 1,105 0
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 to business combinations:      
Net carrying value of Chile assets and liabilities deconsolidated 0 9,633 0
Discontinued Operations, Disposed of by Means Other than Sale | Chili Joint Venture | Accumulated other comprehensive loss      
Allocation of purchase price to business combinations:      
Net carrying value of Chile assets and liabilities deconsolidated 0 (4,766) 0
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 to business combinations:      
Net carrying value of Chile assets and liabilities deconsolidated 0 (41,043) 0
Asset Acquisitions      
Allocation of purchase price of property, buildings and equipment to:      
Other assets and liabilities, net 239 0 0
Cash paid for acquisition of property, buildings and equipment 65,771 14,581 53,641
Business Acquisitions      
Allocation of purchase price to business combinations:      
Land 0 514 68,874
Buildings and improvements 0 8,218 188,792
Machinery and equipment 0 3,676 72,492
Assets under construction 0 0 373
Operating lease right-of-use assets 0 0 22,842
Financing Leases 0 0 417
Cash and cash equivalents 0 0 6,878
Accounts receivable 0 0 6,436
Goodwill 0 3,107 81,949
Other assets 0 25 3,998
Accounts payable and accrued expenses [1] 46,653 289 (12,620)
Financing lease obligations 0 0 (371)
Operating lease obligations 0 0 (14,450)
Unearned revenue 0 0 (2,807)
Deferred tax liability 0 0 (14,961)
Assets of discontinued operations - held for sale 86,085 0 0
Liabilities of discontinued operations - held for sale (86,085) 0 0
Total consideration, including common stock issued and deferred consideration 46,653 15,829 709,302
Customer relationship | Business Acquisitions      
Allocation of purchase price to business combinations:      
Customer relationships 0 0 301,460
Land | Asset Acquisitions      
Allocation of purchase price of property, buildings and equipment to:      
Property, plant and equipment, additions 15,551 3,628 3,933
Building and improvements | Asset Acquisitions      
Allocation of purchase price of property, buildings and equipment to:      
Property, plant and equipment, additions 35,551 8,289 33,824
Machinery and equipment | Asset Acquisitions      
Allocation of purchase price of property, buildings and equipment to:      
Property, plant and equipment, additions $ 14,430 $ 2,664 $ 15,884
[1]
(1)Accounts payable and accrued expenses activity as of December 31, 2023 represents the relief of the remaining put option liability for Comfrio.