| Dec'19 | Dec'18 | Dec'17 | Dec'16 | |||
|---|---|---|---|---|---|---|
Operating activities: | ||||||
Net Income (Loss) Attributable to Parent | ||||||
48,162 | 47,985 | -608 | 4,932 | |||
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||||||
Depreciation, depletion and amortization | ||||||
163,348 | 117,653 | 116,741 | 118,571 | |||
Amortization of deferred financing costs and pension withdrawal liability | ||||||
6,028 | 6,177 | 8,604 | 7,193 | |||
Amortization of above/below market leases | ||||||
151 | 151 | 151 | 196 | |||
Loss on debt extinguishment and modification, non-cash | ||||||
0 | -28,446 | -400 | -871 | |||
Foreign Currency Transaction Gain (Loss), before Tax | ||||||
10 | 2,882 | -3,600 | 464 | |||
Loss (income) from investments in partially owned entities | ||||||
-111 | -1,069 | -7,859 | -128 | |||
Share-based compensation expense (modification of restricted stock units) | ||||||
3,044 | 2,000 | 0 | - | |||
Equity Method Investment, Realized Gain (Loss) on Disposal | ||||||
4,297 | 0 | 0 | - | |||
Share-based compensation expense | ||||||
12,822 | 8,639 | 2,358 | 2,536 | |||
Share-based compensation expense (modification and acceleration of equity awards) | ||||||
3,044 | 2,000 | 0 | 0 | |||
Stock-based compensation expense (Warrants) | ||||||
- | - | - | 3,900 | |||
Deferred income tax benefit | ||||||
-10,701 | -3,152 | -3,658 | -586 | |||
Gain from sale of real estate | ||||||
-34 | 7,471 | 43 | 11,598 | |||
(Gain) loss on other asset disposals | ||||||
-870 | 152 | 107 | -1,008 | |||
Impairment of long-lived assets | ||||||
13,485 | 747 | 11,581 | 9,820 | |||
Multiemployer Plan, Plan Withdrawal Expense | ||||||
0 | 0 | 9,134 | 0 | |||
Provision for doubtful accounts receivable | ||||||
1,218 | 2,324 | 1,229 | 1,135 | |||
Changes in operating assets and liabilities: | ||||||
Accounts receivable | ||||||
3,681 | 1,940 | -1,597 | 19,123 | |||
Accounts payable and accrued expenses | ||||||
841 | -5,219 | 18,202 | -4,570 | |||
Other | ||||||
-4,764 | 6,246 | 13,704 | -4,832 | |||
Net cash provided by operating activities | ||||||
236,189 | 188,171 | 163,327 | 118,781 | |||
Investing activities: | ||||||
Return of investment in joint venture | ||||||
2,000 | 0 | 0 | - | |||
Proceeds from sale of investments in partially owned entities | ||||||
14,250 | 0 | 0 | - | |||
Proceeds from sale of land and property, buildings and equipment | ||||||
1,151 | 19,513 | 10,163 | 33,215 | |||
Business combinations, net of cash acquired | ||||||
1,319,905 | 0 | 0 | - | |||
Additions to property, buildings and equipment | ||||||
217,214 | 145,216 | 148,994 | 74,868 | |||
Net cash used in investing activities | ||||||
-1,604,934 | -125,703 | -138,831 | -41,653 | |||
Financing activities: | ||||||
Distributions paid on common shares | ||||||
135,443 | 76,523 | 20,214 | 20,214 | |||
Proceeds from stock options exercised | ||||||
10,204 | 14,842 | 0 | 0 | |||
Remittance of withholding taxes related to employee share-based transactions | ||||||
7,063 | 12,680 | 0 | 0 | |||
Proceeds from revolving line of credit | ||||||
100,000 | 0 | 34,000 | 147,000 | |||
Repayment on revolving line of credit | ||||||
100,000 | 0 | 62,000 | 119,000 | |||
Payments of Stock Issuance Costs | ||||||
0 | 8,205 | 0 | 0 | |||
Reimbursement of underwriters’ costs | ||||||
0 | 8,952 | 0 | 0 | |||
Repayment of sale-leaseback financing obligations | ||||||
3,161 | 2,595 | 2,100 | 5,337 | |||
Repayment of financing lease obligations | ||||||
13,339 | 10,360 | 8,429 | 36,203 | |||
Payment of debt issuance costs | ||||||
2,062 | 16,563 | 4,212 | 10,834 | |||
Repayment of term loan and mortgage notes | ||||||
10,392 | 1,522,347 | 56,868 | 405,360 | |||
Proceeds from senior unsecured notes | ||||||
350,000 | 600,000 | 0 | 0 | |||
Proceeds from term loan | ||||||
0 | 525,000 | 110,000 | - | |||
Proceeds from construction loans | ||||||
0 | 1,097 | 19,671 | 0 | |||
Net proceeds from initial public offering | ||||||
- | - | - | 0 | |||
Proceeds from term loans and mortgage notes | ||||||
- | - | - | 383,078 | |||
Net proceeds from initial and follow-on public offerings | ||||||
1,206,627 | 586,275 | 0 | 0 | |||
Net cash provided by (used in) financing activities | ||||||
1,395,371 | 84,942 | -18,604 | -95,322 | |||
Net increase in cash, cash equivalents and restricted cash | ||||||
26,626 | 147,410 | 5,892 | -18,194 | |||
Effect of foreign currency translation on cash, cash equivalents and restricted cash | ||||||
-110 | -3,276 | 1,141 | -284 | |||
Supplemental disclosures of cash flows information: | ||||||
Acquisition of fixed assets under financing lease obligations | ||||||
30,416 | 13,290 | 18,614 | - | |||
Acquisition of fixed assets under operating lease obligations | ||||||
12,492 | 0 | 0 | - | |||
Acquisition of fixed assets under capitalized lease obligations | ||||||
- | - | - | 10,899 | |||
Interest paid – net of amounts capitalized | ||||||
68,016 | 85,595 | 106,557 | 115,056 | |||
Income taxes paid – net of refunds | ||||||
2,207 | 5,509 | 11,854 | 10,898 | |||
Acquisition of property, buildings and equipment on accrual | ||||||
51,335 | 18,799 | 20,942 | 5,595 | |||
Property, plant and equipment | ||||||
- | 13,800 | - | - | |||
Assembled workforce | ||||||
269,164 | 0 | - | - | |||
Americold Realty Operating Partnership, L.P.. | ||||||
Net Income (Loss) Attributable to Parent | ||||||
48,162 | 47,985 | -608 | 4,932 | |||
Depreciation, depletion and amortization | ||||||
163,348 | 117,653 | 116,741 | 118,571 | |||
Amortization of deferred financing costs and pension withdrawal liability | ||||||
6,028 | 6,177 | 8,604 | 7,193 | |||
Amortization of above/below market leases | ||||||
151 | 151 | 151 | 196 | |||
Loss on debt extinguishment and modification, non-cash | ||||||
0 | -28,446 | -400 | -871 | |||
Foreign Currency Transaction Gain (Loss), before Tax | ||||||
10 | 2,882 | -3,591 | 464 | |||
Loss from and impairment of investments in partially owned entities | ||||||
-111 | -1,069 | -7,859 | -128 | |||
Share-based compensation expense (Modification of Restricted Stock Units) | ||||||
3,044 | 2,042 | 2,358 | - | |||
Equity Method Investment, Realized Gain (Loss) on Disposal | ||||||
4,297 | 0 | 0 | - | |||
Share-based compensation expense (Stock Options and Restricted Stock Units) | ||||||
12,822 | 8,639 | 0 | - | |||
Stock-based compensation expense | ||||||
- | - | - | 6,436 | |||
Deferred tax benefit | ||||||
-10,701 | -3,152 | -3,658 | -586 | |||
Loss (gain) from sale of real estate | ||||||
-34 | 7,471 | 43 | 11,598 | |||
Loss (gain) on other asset disposals | ||||||
-870 | 152 | 107 | -1,008 | |||
Impairment of long-lived assets and inventory | ||||||
13,485 | 747 | 11,581 | 9,820 | |||
Multiemployer Plan, Plan Withdrawal Expense | ||||||
0 | 0 | 9,134 | 0 | |||
Provision for doubtful accounts receivable | ||||||
1,218 | 2,324 | 1,229 | - | |||
Accounts receivable | ||||||
3,681 | 1,940 | -1,597 | 19,123 | |||
Accounts payable and accrued expenses | ||||||
841 | -5,219 | 18,202 | -4,570 | |||
Other | ||||||
-4,764 | 6,246 | 13,704 | -4,832 | |||
Net cash provided by operating activities | ||||||
236,189 | 188,171 | 163,327 | 118,781 | |||
Return of investment in joint venture | ||||||
2,000 | 0 | 0 | - | |||
Proceeds from sale of investments in partially owned entities | ||||||
14,250 | 0 | 0 | - | |||
Proceeds from sale of property, buildings and equipment | ||||||
1,151 | 19,513 | 10,163 | 33,215 | |||
Business combinations, net of cash acquired | ||||||
1,319,905 | 0 | 0 | - | |||
Additions to property, buildings and equipment | ||||||
217,214 | 145,216 | 148,994 | 74,868 | |||
Net cash used in investing activities | ||||||
-1,604,934 | -125,703 | -138,831 | -41,653 | |||
Distributions to parent | ||||||
135,443 | 86,679 | 48,666 | 48,666 | |||
Proceeds from revolving line of credit | ||||||
100,000 | 0 | 34,000 | 147,000 | |||
Repayment of revolving line of credit | ||||||
100,000 | 0 | 62,000 | 119,000 | |||
Repayment of sale-leaseback financing obligations | ||||||
3,161 | 2,595 | 2,100 | 5,337 | |||
Repayment of financing lease obligations | ||||||
13,339 | 10,360 | 8,429 | 36,203 | |||
Payment of debt issuance costs | ||||||
2,062 | 16,563 | 4,212 | 10,834 | |||
Repayment of term loans, mortgage notes, notes payable and construction loans | ||||||
10,392 | 1,522,347 | 56,868 | 405,360 | |||
Proceeds from senior unsecured notes | ||||||
350,000 | 600,000 | 0 | 0 | |||
Proceeds from term loans | ||||||
0 | 525,000 | 110,000 | - | |||
Proceeds from construction loans | ||||||
0 | 1,097 | 19,671 | 0 | |||
General partner contributions | ||||||
1,209,768 | 597,389 | 0 | 0 | |||
Net cash provided by (used in) financing activities | ||||||
1,395,371 | 84,942 | -18,604 | -95,322 | |||
Net increase in cash, cash equivalents and restricted cash | ||||||
26,626 | 147,410 | 5,892 | -18,194 | |||
Effect of foreign currency translation on cash, cash equivalents and restricted cash | ||||||
-110 | -3,276 | 1,141 | -284 | |||
Acquisition of fixed assets under financing lease obligations | ||||||
30,416 | 13,290 | 18,614 | 10,899 | |||
Acquisition of fixed assets under operating lease obligations | ||||||
12,492 | 0 | 0 | - | |||
Interest paid – net of amounts capitalized | ||||||
68,016 | 85,595 | 106,557 | 115,056 | |||
Income taxes paid – net of refunds | ||||||
2,207 | 5,509 | 11,854 | 10,898 | |||
Acquisition of property, buildings and equipment on accrual | ||||||
51,335 | 18,799 | 20,942 | 5,595 | |||
Americold Realty Operating Partnership, L.P. | ||||||
Share-based compensation expense (modification and acceleration of equity awards) | ||||||
3,044 | 2,042 | 2,358 | - | |||
Provision for doubtful accounts receivable | ||||||
- | - | - | 1,135 | |||
Proceeds from term loans and mortgage notes | ||||||
- | - | - | 383,078 | |||
Series A | ||||||
Distributions paid on beneficial interest shares – preferred – Series A | ||||||
0 | 134 | 16 | 16 | |||
Preferred Class B [Member] | ||||||
Distributions paid on beneficial interest shares – preferred – Series B | ||||||
0 | 1,817 | 28,436 | 28,436 | |||
PortFresh Holdings LLC and MHW Group Inc. | ||||||
Operating and finance lease right-of-use assets | ||||||
4,620 | - | - | - | |||
Additions | ||||||
854 | - | - | - | |||
Cash and cash equivalents | ||||||
1,594 | - | - | - | |||
Other assets and liabilities, net | ||||||
-17 | - | - | - | |||
Acquisitions of property, buildings and equipment, net of cash acquired | ||||||
86,810 | - | - | - | |||
Asset Acquisition, Lease, Liability | ||||||
4,620 | - | - | - | |||
Customer Relationships | ||||||
Additions | ||||||
266,633 | 0 | - | - | |||
Trademarks and Trade Names | ||||||
Additions | ||||||
1,623 | 0 | - | - | |||