| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Dec'17 |
|---|---|---|---|---|---|---|---|---|---|
Assets | |||||||||
Property, buildings and equipment: | |||||||||
Property, plant, and equipment - gross | |||||||||
4,314 | 4,149 | 4,027 | 3,997 | 2,946 | 2,898 | 2,877 | 2,829 | 2,826 | 2,810 |
Accumulated depreciation and depletion | |||||||||
1,251 | 1,216 | 1,192 | 1,157 | 1,127 | 1,097 | 1,090 | 1,044 | 1,030 | 1,010 |
Property, buildings and equipment – net | |||||||||
3,062 | 2,932 | 2,834 | 2,839 | 1,818 | 1,800 | 1,787 | 1,785 | 1,796 | 1,799 |
Operating lease right-of-use assets | |||||||||
73 | 77 | 73 | 75 | 83 | 0 | - | - | - | - |
Accumulated depreciation – operating leases | |||||||||
20 | 18 | 14 | 10 | 6 | 0 | - | - | - | - |
Operating leases – net | |||||||||
52 | 59 | 58 | 65 | 77 | 0 | - | - | - | - |
Financing leases: | |||||||||
Financing leases: | |||||||||
Financing leases - gross | |||||||||
95 | 88 | 83 | 78 | 61 | 60 | 64 | 80 | 76 | 76 |
Accumulated depreciation – financing leases | |||||||||
32 | 29 | 26 | 23 | 21 | 21 | 25 | 44 | 42 | 41 |
Financing leases – net | |||||||||
62 | 58 | 57 | 54 | 39 | 39 | 39 | 36 | 33 | 35 |
Cash and cash equivalents | |||||||||
262 | 234 | 310 | 320 | 172 | 208 | 226 | 153 | 193 | 48 |
Restricted cash | |||||||||
6 | 6 | 6 | 6 | 6 | 6 | 38 | 37 | 19 | 21 |
Accounts receivable – net of allowance of $7,426 and $6,927 at March 31, 2020 and December 31, 2019, respectively | |||||||||
216 | 214 | 210 | 208 | 193 | 194 | 209 | 182 | 178 | 200 |
Identifiable intangible assets – net | |||||||||
355 | 284 | 288 | 275 | 25 | 25 | 25 | 25 | 26 | 26 |
Goodwill | |||||||||
378 | 318 | 310 | 300 | 186 | 186 | 186 | 186 | 188 | 188 |
Investments in partially owned entities | |||||||||
23 | 0 | 0 | 12 | 13 | 14 | 15 | 16 | 15 | 15 |
Other assets | |||||||||
82 | 61 | 64 | 78 | 54 | 58 | 51 | 51 | 41 | 59 |
Total assets | |||||||||
4,503 | 4,170 | 4,142 | 4,162 | 2,587 | 2,532 | 2,580 | 2,475 | 2,493 | 2,394 |
Liabilities and shareholders’ equity | |||||||||
Liabilities: | |||||||||
Borrowings under revolving line of credit | |||||||||
0 | 0 | - | - | - | 0 | 0 | 0 | 0 | 0 |
Accounts payable and accrued expenses | |||||||||
341 | 350 | 314 | 287 | 258 | 253 | 249 | 224 | 232 | 241 |
Construction loan - net of deferred financing costs of zero and $179 at December 31, 2018 and 2017, respectively | |||||||||
- | - | - | - | - | - | 0 | 0 | 0 | 19 |
Mortgage notes, senior unsecured notes and term loans – net of unamortized deferred financing costs of $14,976 and $12,996, in the aggregate, at March 31, 2020 and December 31, 2019, respectively | |||||||||
1,818 | 1,695 | 1,696 | 1,710 | 1,350 | 1,351 | 1,376 | 1,385 | 1,398 | 1,721 |
Sale-leaseback financing obligations | |||||||||
114 | 115 | 116 | 117 | 118 | 118 | 119 | 120 | 120 | 121 |
Financing lease obligations | |||||||||
62 | 58 | 57 | 55 | 40 | 40 | 41 | 38 | 36 | 38 |
Operating lease obligations | |||||||||
55 | 62 | 61 | 68 | 80 | - | - | - | - | - |
Unearned revenue | |||||||||
17 | 16 | 17 | 18 | 17 | 18 | 19 | 20 | 18 | 18 |
Pension and postretirement benefits | |||||||||
11 | 12 | 16 | 17 | 15 | 16 | 14 | 15 | 16 | 16 |
Deferred tax liability – net | |||||||||
52 | 17 | 14 | 22 | 17 | 17 | 18 | 18 | 20 | 21 |
Multi-employer pension plan withdrawal liability | |||||||||
8 | 8 | 8 | 8 | 8 | 8 | 8 | 9 | 9 | 9 |
Liabilities | |||||||||
2,482 | 2,337 | 2,303 | 2,306 | 1,907 | 1,825 | 1,849 | 1,832 | 1,851 | 2,209 |
Preferred shares of beneficial interest, $0.01 par value – authorized 375,000 Series B Cumulative Convertible Voting and Participating Preferred Shares; aggregate liquidation preference of $375,000; zero and 375,000 shares issued and outstanding at December 31, 2018 and 2017, respectively | |||||||||
- | - | - | - | - | - | 0 | 0 | 0 | 372 |
Shareholders’ equity: | |||||||||
Preferred units of beneficial interest, Series B, zero and 371,000 issued and outstanding at December 31, 2018 and December 31, 2017, respectively | |||||||||
- | - | - | - | - | - | 0 | 0 | 0 | 0 |
Common shares of beneficial interest, $0.01 par value – authorized 325,000,000 and 250,000,000 shares; 200,265,965 and 191,799,909 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively | |||||||||
2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 |
Paid-in capital | |||||||||
2,818 | 2,582 | 2,579 | 2,577 | 1,365 | 1,356 | 1,349 | 1,257 | 1,255 | 394 |
Accumulated deficit and distributions in excess of net earnings | |||||||||
-756 | -736 | -718 | -707 | -673 | -638 | -612 | -611 | -613 | -581 |
Accumulated other comprehensive loss | |||||||||
-43 | -14 | -23 | -16 | -13 | -12 | -7 | -5 | -1 | -0 |
Stockholders' Equity Attributable to Parent | |||||||||
2,020 | 1,833 | 1,838 | 1,855 | 680 | 706 | 731 | 642 | 641 | -186 |
Total liabilities and shareholders’ equity | |||||||||
4,503 | 4,170 | 4,142 | 4,162 | 2,587 | 2,532 | 2,580 | 2,475 | 2,493 | 2,394 |
Land | |||||||||
Property, plant, and equipment - gross | |||||||||
515 | 526 | 516 | 516 | 408 | 385 | 384 | 385 | 389 | 389 |
Buildings and improvements | |||||||||
Property, plant, and equipment - gross | |||||||||
2,835 | 2,696 | 2,612 | 2,591 | 1,862 | 1,849 | 1,838 | 1,894 | 1,887 | 1,819 |
Financing leases - gross | |||||||||
15 | 11 | 11 | 11 | 11 | 11 | 16 | 16 | 16 | 16 |
Machinery and equipment | |||||||||
Property, plant, and equipment - gross | |||||||||
859 | 817 | 792 | 770 | 600 | 577 | 579 | 549 | 549 | 552 |
Financing leases - gross | |||||||||
79 | 76 | 72 | 67 | 49 | 49 | 47 | 63 | 59 | 59 |
Assets under construction | |||||||||
Property, plant, and equipment - gross | |||||||||
102 | 108 | 105 | 118 | 74 | 85 | 75 | - | - | 48 |
Americold Realty Operating Partnership, L.P.. | |||||||||
Property, plant, and equipment | |||||||||
- | - | 4,027 | 3,997 | 2,946 | 2,898 | - | - | - | 2,810 |
Accumulated depreciation and depletion | |||||||||
- | - | 1,192 | 1,157 | 1,127 | 1,097 | - | - | - | 1,010 |
Property, buildings and equipment – net | |||||||||
- | - | 2,834 | 2,839 | 1,818 | 1,800 | - | - | - | 1,799 |
Operating lease right-of-use assets | |||||||||
- | - | 73 | 75 | 83 | 0 | - | - | - | - |
Accumulated depreciation – operating leases | |||||||||
- | - | 14 | 10 | 6 | 0 | - | - | - | - |
Operating leases – net | |||||||||
- | - | 58 | 65 | 77 | 0 | - | - | - | - |
Finance Lease, Right-of-Use Asset, Gross | |||||||||
- | - | 83 | 78 | 61 | 60 | - | - | - | 76 |
Accumulated depreciation – financing leases | |||||||||
- | - | 26 | 23 | 21 | 21 | - | - | - | 41 |
Financing leases – net | |||||||||
- | - | 57 | 54 | 39 | 39 | - | - | - | 35 |
Cash and cash equivalents | |||||||||
- | - | 310 | 320 | 172 | 208 | - | - | - | 48 |
Restricted Cash | |||||||||
- | - | 6 | 6 | 6 | 6 | - | - | - | 21 |
Accounts receivable – net of allowance of $6,927 and $5,706 at December 31, 2019 and 2018, respectively | |||||||||
- | - | 210 | 208 | 193 | 194 | - | - | - | 200 |
Intangible Assets, Net (Excluding Goodwill) | |||||||||
- | - | 288 | 275 | 25 | 25 | - | - | - | 26 |
Goodwill | |||||||||
- | - | 310 | 300 | 186 | 186 | - | - | - | 188 |
Equity Method Investments | |||||||||
- | - | 0 | 12 | 13 | 14 | - | - | - | 15 |
Other Assets | |||||||||
- | - | 64 | 78 | 54 | 58 | - | - | - | 59 |
Assets | |||||||||
- | - | 4,142 | 4,162 | 2,587 | 2,532 | - | - | - | 2,394 |
Accounts Payable and Accrued Liabilities | |||||||||
- | - | 314 | 287 | 258 | 253 | - | - | - | 241 |
Construction loan - net of deferred financing costs of zero and $179 at December 31, 2018 and 2017, respectively | |||||||||
- | - | - | - | - | - | - | - | - | 19 |
Secured Debt | |||||||||
- | - | 1,696 | 1,710 | 1,350 | 1,351 | - | - | - | 1,721 |
Sale-leaseback financing obligations | |||||||||
- | - | 116 | 117 | 118 | 118 | - | - | - | 121 |
Financing lease obligations | |||||||||
- | - | 57 | 55 | 40 | 40 | - | - | - | 38 |
Operating lease obligations | |||||||||
- | - | 61 | 68 | 80 | - | - | - | - | - |
Unearned revenue | |||||||||
- | - | 17 | 18 | 17 | 18 | - | - | - | 18 |
Pension and postretirement benefits | |||||||||
- | - | 16 | 17 | 15 | 16 | - | - | - | 16 |
Deferred tax liability – net | |||||||||
- | - | 14 | 22 | 17 | 17 | - | - | - | 21 |
Multiemployer pension plan withdrawal liability | |||||||||
- | - | 8 | 8 | 8 | 8 | - | - | - | 9 |
Total liabilities | |||||||||
- | - | 2,303 | 2,306 | 1,907 | 1,825 | - | - | - | 2,209 |
General partner – 189,881,910 and 146,752,609 units issued and outstanding as of December 31, 2019 and 2018, respectively | |||||||||
- | - | 1,843 | 1,853 | 687 | 712 | - | - | - | 184 |
Limited partner – 1,917,999 and 1,482,350 units issued and outstanding as of December 31, 2019 and 2018, respectively | |||||||||
- | - | 18 | 18 | 6 | 7 | - | - | - | 1 |
Accumulated other comprehensive loss | |||||||||
- | - | -23 | -16 | -13 | -12 | - | - | - | -0 |
Americold Realty Operating Partnership, L.P. | |||||||||
Borrowings under revolving line of credit | |||||||||
- | - | - | - | 0 | - | - | - | - | 0 |
Stockholders' Equity Attributable to Parent | |||||||||
- | - | 1,838 | 1,855 | 680 | - | - | - | - | - |
Total liabilities and shareholders’ equity | |||||||||
- | - | 4,142 | 4,162 | 2,587 | - | - | - | - | - |