AMERICOLD REALTY TRUST COLD Cash Flow

Americold realty trust (COLD)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17
Operating activities:
Net Income (Loss) Attributable to Parent
76,302	48,162	30,032	27,481	51,995	47,985	53,306	24,159	-13,631	-608	0	0	0
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation, depletion and amortization
184,856	163,348	145,390	129,727	118,341	117,653	117,406	116,880	116,741	116,741	0	0	0
Amortization of deferred financing costs and pension withdrawal liability
6,118	6,028	5,919	5,925	6,073	6,177	6,977	7,648	8,141	8,604	0	0	0
Amortization of above/below market leases
189	151	151	151	151	151	151	151	151	151	0	0	0
Loss on debt extinguishment and modification, non-cash
-542	0	-7,341	-7,341	-7,341	-28,446	-21,105	-21,105	-21,334	-400	0	0	0
Foreign Currency Transaction Gain (Loss), before Tax
-542	10	-110	668	2,262	2,882	3,196	1,416	-147	-3,600	0	0	0
Loss (income) from investments in partially owned entities
-260	-111	-856	-1,127	-808	-1,069	0	0	0	-	-	-	-
Share-based compensation expense (modification of restricted stock units)
0	-	-	-	0	-	-	-	-	-	-	-	-
Loss from partially owned entities
-	-	-	-	-	-	-	-	-	-	-	-	0
Share-based compensation expense
14,468	12,822	11,621	10,307	9,361	8,639	6,811	5,327	3,689	2,358	0	0	0
Share-based compensation expense (modification and acceleration of equity awards)
0	3,044	3,044	3,002	2,444	2,000	2,000	2,042	2,600	0	0	0	0
Deferred income tax benefit
-11,743	-10,701	-13,280	-4,959	-3,056	-3,152	-1,372	-2,232	-4,066	-3,658	0	0	0
Gain from sale of real estate
2,427	-34	0	0	0	-	-	-	-	-	-	-	-
(Gain) loss on other asset disposals
-685	-870	-883	-345	-5	152	509	372	142	107	0	0	0
Impairment of long-lived assets
930	13,485	13,485	13,485	13,302	747	0	0	0	-	-	-	-
Provision for doubtful accounts receivable
1,274	1,218	2,853	2,586	2,665	2,324	1,318	1,278	1,174	1,229	0	0	0
Changes in operating assets and liabilities:
Accounts receivable
4,868	3,681	-11,572	14,201	22,312	1,940	30,106	5,456	-5,348	-1,597	0	0	0
Accounts payable and accrued expenses
3,938	841	-16,096	5,255	20,630	-5,219	11,859	538	6,673	18,202	0	0	0
Other
3,075	-4,764	-14,413	-3,226	7,121	6,246	17,687	14,284	8,903	13,704	0	0	0
Net cash provided by operating activities
263,694	236,189	214,932	191,119	190,936	188,171	161,357	157,413	167,890	163,327	0	0	0
Investing activities:
Return of investment in joint venture
0	-	-	-	0	-	-	-	-	-	-	-	-
Investment in partially owned entities
0	-	-	-	0	-	-	-	-	-	-	-	-
Proceeds from sale of investments in partially owned entities
-	-	-	-	-	0	0	0	0	-	-	-	-
Proceeds from sale of land and property, buildings and equipment
43,485	1,151	1,974	2,231	19,313	19,513	26,458	28,058	10,408	10,163	0	0	0
Proceeds from the settlement of net investment hedge
0	-	-	-	0	-	-	-	-	-	-	-	-
Business combinations, net of cash acquired
1,635,488	1,319,905	0	0	0	-	-	-	-	-	-	-	-
Acquisitions of property, buildings and equipment, net of cash acquired
0	-	0	0	0	-	0	0	0	-	-	-	-
Additions to property, buildings and equipment
254,544	217,214	200,175	178,605	141,879	145,216	145,211	142,974	124,918	148,994	0	0	0
Net cash used in investing activities
-1,904,303	-1,604,934	-1,537,041	-1,533,562	-156,489	-125,703	-118,753	-114,916	-114,510	-138,831	0	0	0
Financing activities:
Distributions paid on common shares
145,976	135,443	124,797	113,352	103,330	76,523	58,644	36,538	21,505	20,214	0	0	0
Proceeds from stock options exercised
5,548	10,204	15,149	16,965	20,409	14,842	0	0	0	-	-	-	-
Remittance of withholding taxes related to employee share-based transactions
7,887	7,063	7,586	9,229	14,273	12,680	0	0	0	-	-	-	-
Proceeds from revolving line of credit
286,753	100,000	0	0	0	-	-	-	-	34,000	0	0	0
Repayment on revolving line of credit
277,075	100,000	0	0	0	-	-	-	-	62,000	0	0	0
Payment on Multi-Employer pension plan withdrawal obligation
-	-	-	-	-	-	-	-	-	-	-	-	0
Payments of Stock Issuance Costs
-	-	-	-	-	8,205	8,205	5,750	5,750	0	0	0	0
Reimbursement of underwriters’ costs
-	-	-	-	-	8,952	8,952	5,750	5,750	0	0	0	0
Repayment of sale-leaseback financing obligations
3,287	3,161	3,011	2,868	2,730	2,595	2,466	2,340	2,218	2,100	0	0	0
Repayment of financing lease obligations
0	-	-	-	0	-	-	-	-	-	-	-	-
Repayment of financing lease obligations
-	-	-	-	-	10,360	9,780	9,260	9,017	8,429	0	0	0
Payment of debt issuance costs
10,407	2,062	11,331	9,861	7,887	16,563	7,311	9,005	10,235	4,212	0	0	0
Repayment of term loan and mortgage notes
60,435	10,392	635,661	640,006	640,420	1,522,347	903,251	905,026	933,049	56,868	0	0	0
Proceeds from term loan
177,075	0	0	0	0	-	-	-	-	-	-	-	-
Proceeds from equity forward contract
0	-	-	-	0	-	-	-	-	-	-	-	-
Proceeds from construction loans
-	-	-	-	-	1,097	7,638	19,474	20,768	19,671	0	0	0
Net proceeds from initial public offering
-	-	-	-	-	-	-	0	493,557	-	0	0	0
Proceeds from term loans and mortgage notes
-	-	-	-	-	-	-	-	635,000	-	0	0	0
Net cash provided by (used in) financing activities
1,739,581	1,395,371	1,376,481	1,480,339	-65,368	84,942	121,358	53,071	113,898	-18,604	0	0	0
Net increase in cash, cash equivalents and restricted cash
98,972	26,626	54,372	137,896	-30,921	147,410	163,962	95,568	167,278	5,892	0	0	0
Effect of foreign currency translation on cash, cash equivalents and restricted cash
-9,445	-110	-2,639	-1,425	-2,691	-3,276	-2,241	-1,554	207	1,141	0	0	0
Supplemental disclosures of cash flows information:
Acquisition of fixed assets under financing lease obligations
37,731	30,416	28,827	27,941	15,670	13,290	0	0	0	-	-	-	-
Acquisition of fixed assets under operating lease obligations
7,800	12,492	8,308	8,117	4,923	0	0	0	0	-	-	-	-
Acquisition of fixed assets under capitalized lease obligations
-	-	-	-	-	-	-	-	-	-	0	0	0
Interest paid – net of amounts capitalized
90,099	68,016	77,244	67,829	75,603	85,595	92,422	98,033	103,341	106,557	0	0	0
Income taxes paid – net of refunds
778	2,207	3,026	3,939	5,824	5,509	11,034	11,416	11,701	11,854	0	0	0
Acquisition of property, buildings and equipment on accrual
71,830	51,335	34,736	24,567	14,357	18,799	23,492	25,631	35,342	20,942	0	0	0
Payments for Asset Acquisitions
0	-	0	0	0	-	0	0	0	-	-	-	-
Americold Realty Operating Partnership, L.P..
Net Income (Loss) Attributable to Parent
-	-	-	-	-	47,985	0	0	0	-	-	-	-
Depreciation, depletion and amortization
-	-	-	-	-	117,653	0	0	0	-	-	-	-
Amortization of deferred financing costs and pension withdrawal liability
-	-	-	-	-	6,177	0	0	0	-	-	-	-
Amortization of above/below market leases
-	-	-	-	-	151	0	0	0	-	-	-	-
Loss on debt extinguishment and modification, non-cash
-	-	-	-	-	-28,446	0	0	0	-	-	-	-
Foreign Currency Transaction Gain (Loss), before Tax
-	-	-	-	-	2,882	0	0	0	-	-	-	-
Loss from and impairment of investments in partially owned entities
-	-	-	-	-	-1,069	0	0	0	-	-	-	-
Share-based compensation expense (Stock Options and Restricted Stock Units)
-	-	-	-	-	8,639	0	0	0	-	-	-	-
Deferred tax benefit
-	-	-	-	-	-3,152	0	0	0	-	-	-	-
Loss (gain) on other asset disposals
-	-	-	-	-	152	0	0	0	-	-	-	-
Impairment of long-lived assets and inventory
-	-	-	-	-	747	0	0	0	-	-	-	-
Accounts receivable
-	-	-	-	-	1,940	0	0	0	-	-	-	-
Accounts payable and accrued expenses
-	-	-	-	-	-5,219	0	0	0	-	-	-	-
Other
-	-	-	-	-	6,246	0	0	0	-	-	-	-
Net cash provided by operating activities
-	-	-	-	-	188,171	0	0	0	-	-	-	-
Proceeds from sale of investments in partially owned entities
-	-	-	-	-	0	0	0	0	-	-	-	-
Proceeds from sale of property, buildings and equipment
-	-	-	-	-	19,513	0	0	0	-	-	-	-
Additions to property, buildings and equipment
-	-	-	-	-	145,216	0	0	0	-	-	-	-
Net cash used in investing activities
-	-	-	-	-	-125,703	0	0	0	-	-	-	-
Distributions to parent
-	-	-	-	-	86,679	0	0	0	-	-	-	-
Repayment of sale-leaseback financing obligations
-	-	-	-	-	2,595	0	0	0	-	-	-	-
Repayment of financing lease obligations
-	-	-	-	-	10,360	0	0	0	-	-	-	-
Payment of debt issuance costs
-	-	-	-	-	16,563	0	0	0	-	-	-	-
Repayment of term loans, mortgage notes, notes payable and construction loans
-	-	-	-	-	1,522,347	0	0	0	-	-	-	-
Proceeds from construction loans
-	-	-	-	-	1,097	0	0	0	-	-	-	-
General partner contributions
-	-	-	-	-	597,389	0	0	0	-	-	-	-
Net cash provided by (used in) financing activities
-	-	-	-	-	84,942	0	0	0	-	-	-	-
Net increase in cash, cash equivalents and restricted cash
-	-	-	-	-	147,410	0	0	0	-	-	-	-
Effect of foreign currency translation on cash, cash equivalents and restricted cash
-	-	-	-	-	-3,276	0	0	0	-	-	-	-
Acquisition of fixed assets under financing lease obligations
-	-	-	-	-	13,290	0	0	0	-	-	-	-
Acquisition of fixed assets under operating lease obligations
-	-	-	-	-	0	0	0	0	-	-	-	-
Interest paid – net of amounts capitalized
-	-	-	-	-	85,595	0	0	0	-	-	-	-
Income taxes paid – net of refunds
-	-	-	-	-	5,509	0	0	0	-	-	-	-
Acquisition of property, buildings and equipment on accrual
-	-	-	-	-	18,799	0	0	0	-	-	-	-
Americold Realty Operating Partnership, L.P.
Share-based compensation expense (modification and acceleration of equity awards)
-	-	-	-	-	2,042	0	0	0	-	-	-	-
Provision for doubtful accounts receivable
-	-	-	-	-	-	0	0	0	-	-	-	-
Payments for Asset Acquisitions
-	-	-	-	-	-	0	0	0	-	-	-	-
Proceeds from term loans and mortgage notes
-	-	-	-	-	-	-	-	0	-	-	-	-
Payments for Asset Acquisitions
-	-	-	-	-	-	0	0	0	-	-	-	-
Port Fresh Holdings, LLC
Payments for Asset Acquisitions
-	-	-	-	-	-	-	0	0	-	-	-	-
Investments in land, building and improvements
-	-	-	-	-	-	-	0	0	-	-	-	-
Machinery and equipment
-	-	-	-	-	-	-	0	0	-	-	-	-
Assembled workforce
-	-	-	-	-	-	-	0	0	-	-	-	-
Other assets
-	-	-	-	-	-	-	0	0	-	-	-	-
Payments for Asset Acquisitions
-	-	-	-	-	-	-	0	0	-	-	-	-
Series A
Distributions paid on beneficial interest shares – preferred – Series A
-	-	-	-	-	134	141	150	150	16	0	0	0
Preferred Class B [Member]
Distributions paid on beneficial interest shares – preferred – Series B
-	-	-	-	-	1,817	16,035	23,144	30,253	28,436	0	0	0
Asset Acquisitions
Assembled workforce
0	-	-	-	0	-	-	-	-	-	-	-	-
Other assets
0	-	-	-	0	-	-	-	-	-	-	-	-
Cash paid for acquisition of property, buildings and equipment
0	-	-	-	0	-	-	-	-	-	-	-	-