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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues:        
Total revenues $ 674,171 $ 667,939 $ 2,000,106 $ 1,994,038
Operating expenses:        
Depreciation and amortization 89,362 89,728 271,106 259,644
Selling, general, and administrative 63,663 52,383 188,542 169,023
Acquisition, cyber incident, and other, net 26,014 13,931 44,025 48,313
Loss (gain) from sale of real estate 0 78 (3,514) (2,259)
Total operating expenses 643,992 634,939 1,864,728 1,908,022
Operating income 30,179 33,000 135,378 86,016
Other income (expense):        
Interest expense (34,255) (35,572) (100,865) (106,426)
Loss on debt extinguishment and termination of derivative instruments (218) (683) (116,082) (1,855)
Loss from investments in partially owned entities (1,037) (259) (3,020) (1,616)
Loss on put option 0 0 0 (56,576)
Other, net 770 723 24,919 1,741
Loss from continuing operations before income taxes (4,561) (2,791) (59,670) (100,688)
Income tax (expense) benefit:        
Current income tax (1,936) (1,981) (5,168) (5,881)
Deferred income tax 2,764 2,473 6,498 7,553
Total income tax benefit 828 492 1,330 1,672
Net loss from continuing operations (3,733) (2,299) (58,340) (99,016)
Gain (loss) from discontinued operations, net of tax 0 203 0 (10,453)
Net loss (3,733) (2,096) (58,340) (109,469)
Net loss attributable to noncontrolling interests (4) (8) (242) (95)
Net loss attributable to Americold Realty Trust, Inc. $ (3,729) $ (2,088) $ (58,098) $ (109,374)
Weighted average common stock outstanding – basic (in shares) 284,861 278,137 284,729 273,217
Weighted average common stock outstanding – diluted (in shares) 284,861 278,137 284,729 273,217
Net loss per common share from continuing operations - basic (in USD per share) $ (0.01) $ (0.01) $ (0.20) $ (0.36)
Net loss per common share from discontinued operations - basic (in USD per share) 0 0 0 (0.04)
Basic loss per share (in USD per share) (0.01) (0.01) (0.20) (0.40)
Net loss per common share from continuing operations - diluted (in USD per share) (0.01) (0.01) (0.20) (0.36)
Net loss per common share from discontinued operations - diluted (in USD per share) 0 0 0 (0.04)
Diluted loss per share (in USD per share) $ (0.01) $ (0.01) $ (0.20) $ (0.40)
Related party        
Other income (expense):        
Impairment of related party loan receivable $ 0 $ 0 $ 0 $ (21,972)
Rent, storage, and warehouse services        
Operating expenses:        
Cost of operations 413,557 424,773 1,209,992 1,253,326
Transportation services cost of operations        
Operating expenses:        
Cost of operations 43,323 45,983 130,441 150,664
Third-party managed services cost of operations        
Operating expenses:        
Cost of operations 8,073 8,063 24,136 29,311
Operating Segments        
Revenues:        
Total revenues 674,171 667,939 2,000,106 1,994,038
Operating Segments | Rent, storage, and warehouse services        
Revenues:        
Total revenues 612,181 602,605 1,810,278 1,778,827
Operating Segments | Transportation services cost of operations        
Revenues:        
Total revenues 51,764 55,642 159,254 181,792
Operating Segments | Third-party managed services cost of operations        
Revenues:        
Total revenues $ 10,226 $ 9,692 $ 30,574 $ 33,419