For the year ending 2025-12-31, COLD had $84,896K increase in cash & cash equivalents over the period. -$217,204K in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net loss | -115,282 | -94,749 | -336,269 | -19,474 |
| Depreciation and amortization | 367,362 | 360,817 | 353,743 | 331,446 |
| Amortization of deferred financing costs and pension withdrawal liability | 5,869 | 5,329 | 5,095 | 4,833 |
| Amortization of above/below market leases | - | - | - | 2,131 |
| Project orion and other software related deferred costs amortization | 16,596 | - | - | - |
| Loss on debt extinguishment and termination of derivative instruments | 0 | -116,082 | -2,482 | -3,217 |
| Loss from foreign exchange | - | - | - | -975 |
| Gain from sale of partially owned entity | -2,420 | - | - | - |
| Loss from investments in partially owned entities | -2,112 | -3,702 | -5,553 | -9,300 |
| Gain on extinguishment of new market tax credit structure | - | 0 | 0 | 3,410 |
| Loss on deconsolidation of subsidiary contributed | - | 0 | 0 | -4,148 |
| Stock-based compensation expense | 30,190 | 28,233 | 23,592 | 27,137 |
| Deferred income tax benefit | -26,584 | -13,210 | -10,781 | -22,561 |
| (gain) loss from sale of real estate | - | - | 2,254 | -5,689 |
| Loss on other asset disposals | - | - | -2,869 | -3,556 |
| Impairment of indefinite and long-lived assets | - | 33,126 | 236,515 | 7,380 |
| Provision for doubtful accounts receivable | 5,112 | 7,633 | 6,422 | 7,394 |
| Impairment of indefinite and long-lived assets | 47,099 | - | - | - |
| Impairment of related party loan receivable | 0 | 0 | 21,972 | - |
| Loss on put option | 0 | 0 | -56,576 | - |
| Loss on classification of comfrio as held for sale | 0 | 0 | -4,616 | - |
| Non-cash operating lease expenses | 37,925 | 42,751 | 42,841 | - |
| Net loss (gain) from sale of real estate | -44,324 | - | - | - |
| Accounts receivable | -20,929 | -22,748 | 2,748 | 68,629 |
| Accounts payable and accrued expenses | -17,044 | 17,349 | 23,545 | -8,462 |
| Other assets | 22,230 | 62,710 | 49,635 | - |
| Operating lease liabilities | -36,835 | -40,345 | -37,605 | - |
| Proceeds from settlement of treasury lock hedge transactions | 1,292 | - | - | - |
| Other, net | -1,226 | 14,879 | -19,626 | -15,326 |
| Acquisitions of property, buildings and equipment, net of cash acquired | - | - | - | 14,581 |
| Net cash provided by operating activities | 359,641 | 411,877 | 366,155 | 299,996 |
| Additions to property, buildings and equipment | 576,845 | 309,458 | 264,467 | 308,365 |
| Business combinations, net of cash acquired | 108,448 | 0 | 46,653 | 15,829 |
| Acquisitions of property, buildings, equipment, and other assets, net of cash acquired | 0 | 0 | 65,771 | - |
| Investments in and advances to partially owned entities and other, net | 24,553 | 13,049 | 20,533 | 14,427 |
| Proceeds from settlement of hedge-Net Investment Hedging | - | - | - | 0 |
| Proceeds from settlement of hedge-Cash Flow Hedging | - | - | - | 0 |
| Payment in settlement of foreign currency forward contract-Cash Flow Hedging | - | - | - | 0 |
| Proceeds from sale of investments in partially owned entities | - | - | - | 0 |
| Net payments for sale of business (discontinued operations) | 0 | 0 | 4,616 | - |
| Proceeds from sale of property, buildings, and equipment | 25,867 | 9,324 | 8,071 | 4,713 |
| Proceeds from sale of investments in partially owned entities | 27,471 | 0 | 36,896 | - |
| Payment for foreign currency exchange forwards settlement | 1,493 | - | - | - |
| Net cash used in investing activities | -658,001 | -313,183 | -357,073 | -348,489 |
| Distributions paid on common stock, restricted stock units and noncontrolling interests in op | 261,375 | 252,119 | 242,221 | 238,709 |
| Purchase of noncontrolling interest holders share in consolidated joint venture | - | - | 0 | 0 |
| Proceeds from stock options exercised | 2,864 | 2,828 | 2,952 | 3,974 |
| Proceeds from employee stock purchase plan | 1,577 | 3,069 | 3,047 | 3,879 |
| Remittance of withholding taxes related to employee stock-based transactions | 3,178 | 3,646 | 3,375 | 8,308 |
| Proceeds from revolving line of credit | 627,477 | 827,224 | 716,326 | 529,354 |
| Repayment on revolving line of credit | 572,000 | 942,183 | 832,519 | 413,860 |
| Repayment of sale-leaseback financing obligations | 4,250 | 7,091 | 17,891 | 7,835 |
| Termination of sale-leaseback financing obligations | 15,289 | 190,954 | - | - |
| Repayment of financing lease obligations | 37,689 | 37,921 | 39,214 | 33,860 |
| Payment of debt issuance costs | 4,881 | 5,992 | 0 | 11,651 |
| Repayment of term loans, mortgage notes, and notes payable | - | - | - | 269,659 |
| Proceeds from senior unsecured notes | - | - | - | 0 |
| Repayment of term loans, mortgage notes, and notes payable | - | 0 | 0 | - |
| Proceeds from public senior unsecured notes offering | 400,000 | 500,000 | - | - |
| Proceeds from senior unsecured term loans | 250,000 | 0 | 0 | 470,000 |
| Net proceeds from issuance of common stock | 0 | 0 | 412,610 | 0 |
| Net cash provided by (used in) financing activities | 383,256 | -106,785 | -285 | 23,325 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 84,896 | -8,091 | 8,797 | -25,168 |
| Effect of exchange rate changes on cash | - | -4,649 | -1,468 | -4,727 |
| Cash and cash equivalents at beginning of period | - | 60,392 | 53,063 | 82,958 |
| Cash and cash equivalents at end of period | - | 47,652 | 60,392 | 53,063 |
AMERICOLD REALTY TRUST (COLD)
AMERICOLD REALTY TRUST (COLD)