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Americold Realty Trust cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$11.8M in Q3 2026 · −$134M over twelve months

Operating cash flow$84.3M
Capital spending−$96.1M
Free cash flow−$11.8M
Cash / net income0.1×

Analysis

In Q3 2026, Americold Realty Trust generated $84.3M of operating cash flow and spent $96.1M on capital projects, leaving free cash flow of −$11.8M. That is $53.6M more than in Q3 2025 (−$65.4M).

Over the twelve months to Sep 30, 2026, operating cash flow was $354M; the largest uses were other financing ($570M), capital spending ($489M), dividends ($265M); besides operations, cash came from other investing ($1.1B), asset & business sales ($78.5M); the cash balance rose by $2.6M.

Operating cash flow was $84.3M against net income of $691M — 0.1× profit, less cash than reported earnings, worth checking against working capital. The largest differences: depreciation & amortization +$106M, gains on disposals −$12.1M, receivables +$9.1M.

Free cash flow

Americold Realty Trust: free cash flow by quarterAmericold Realty Trust: free cash flow by quarter$57.4MQ4 2024−$82.3MQ1 2025−$57.4MQ2 2025−$65.4MQ3 2025−$12.2MQ4 2025−$70.1MQ1 2026−$40.3MQ2 2026−$11.8MQ3 2026
Operating cash flow less capital spending.
Americold Realty Trust: operating cash flow against capital spendingAmericold Realty Trust: operating cash flow against capital spendingOperating cash flowCapital spending$163M$105MQ4 2024$30.2M$113MQ1 2025$120M$178MQ2 2025$78.9M$144MQ3 2025$130M$142MQ4 2025$39.9M$110MQ1 2026$100M$140MQ2 2026$84.3M$96.1MQ3 2026
Latest (Q3 2026): Operating cash flow $84.3M, Capital spending $96.1M.

Capital allocation, year by year

Americold Realty Trust: where the cash came from (up) and went (down), by fiscal yearAmericold Realty Trust: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingAcquisitionsDividendsFY2021: Operating cash flow $273MFY2021: Net borrowing $374MFY2021: Shares issued $481MFY2021: Asset sales $959KFY2021: Capital spending −$438MFY2021: Acquisitions −$741MFY2021: Dividends −$228M$1.1BFY2021FY2022: Operating cash flow $300MFY2022: Net borrowing $81.6MFY2022: Shares issued $4.0MFY2022: Asset sales $4.7MFY2022: Capital spending −$308MFY2022: Acquisitions −$15.8MFY2022: Dividends −$239M$390MFY2022FY2023: Operating cash flow $366MFY2023: Net borrowing −$155MFY2023: Shares issued $416MFY2023: Asset sales $8.1MFY2023: Capital spending −$264MFY2023: Acquisitions −$46.7MFY2023: Dividends −$242M$790MFY2023FY2024: Operating cash flow $412MFY2024: Net borrowing −$153MFY2024: Shares issued $2.8MFY2024: Asset sales $9.3MFY2024: Capital spending −$309MFY2024: Dividends −$252M$424MFY2024FY2025: Operating cash flow $360MFY2025: Net borrowing $17.8MFY2025: Shares issued $2.9MFY2025: Asset sales $25.9MFY2025: Capital spending −$577MFY2025: Acquisitions −$108MFY2025: Dividends −$261M$406MFY2025
Over these 5 years operating cash flow totalled $1.7B; the largest uses were capital spending ($1.9B) and dividends ($1.2B). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$36.0M
Debtnone
Net cash$36.0M

Americold Realty Trust's operations bring cash in ($354M over twelve months), and it spends more than that on capital projects: a gap of $134M funded from its $36.0M of cash and investments and from borrowing. That is a choice to invest, not a cash runway running down.

Where the cash came from and went

Americold Realty Trust: sources (+) and uses (−) of cash, Q3 2026Americold Realty Trust: sources (+) and uses (−) of cash, Q3 2026Other investing$1.1BOther financing−$824MNet borrowing (+) / repaid (−)−$250MCapital spending−$96.1MOperating cash flow$84.3MDividends−$66.3MAsset & business sales$48.1MCash drawn (+) / kept (−)$4.5MTaxes on employees’ shares$657KShares issued$342KExchange rates−$201K
Americold Realty Trust: sources (+) and uses (−) of cash, TTM to Q3 2026Americold Realty Trust: sources (+) and uses (−) of cash, TTM to Q3 2026Other investing$1.1BOther financing−$570MCapital spending−$489MOperating cash flow$354MDividends−$265MNet borrowing (+) / repaid (−)−$207MAsset & business sales$78.5MCash drawn (+) / kept (−)−$2.6MShares issued$2.4MTaxes on employees’ shares−$1.5MExchange rates$283K

From profit to cash

Americold Realty Trust: net income to operating cash flow, Q3 2026Americold Realty Trust: net income to operating cash flow, Q3 2026Net income$691MDepreciation & amortization$106MStock-based pay$5.8MDeferred taxes−$3.0MImpairments$4.6MGains on disposals−$12.1MReceivables$9.1MPayables−$7.8MPrepaid and other assets$1.1MOther operating capital$1.9MOperating cash flow$84.3M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsDividendsNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026$84.3M−$96.1M—−$66.3M−$250M$342K$4.5M−$11.8M
Q2 2026$100M−$140M—−$66.5M−$164M$573K−$642K−$40.3M
Q1 2026$39.9M−$110M—−$66.1M$55.2M$1.5M$97.0M−$70.1M
Q4 2025$130M−$142M—−$65.6M−$48.2M$54K−$104M−$12.2M
Q3 2025$78.9M−$144M—−$66.1M$64.1M$517K$68.0M−$65.4M
Q2 2025$120M−$178M—−$66.2M−$248M$65K−$62.4M−$57.4M
Q1 2025$30.2M−$113M−$108M−$63.4M$250M$2.2M$8.7M−$82.3M
Q4 2024$163M−$105M—−$62.9M$1.3M$51K$13.6M$57.4M

Americold Realty Trust: income statement and cash flow

Americold Realty Trust, Q3 2026: revenue $692M (+4% year over year), operating margin 107.4%. The chart follows the revenue to costs, profit and cash.

Americold Realty Trust: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.