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Americold Realty Trust – ‘10-K’ for 12/31/21 – ‘EX-31.2’

On:  Tuesday, 3/1/22, at 4:06pm ET   ·   For:  12/31/21   ·   Accession #:  1628280-22-4487   ·   File #:  1-34723

Previous ‘10-K’:  ‘10-K/A’ on 6/3/21 for 12/31/20   ·   Next:  ‘10-K’ on 2/27/23 for 12/31/22   ·   Latest:  ‘10-K’ on 2/29/24 for 12/31/23   ·   30 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/01/22  Americold Realty Trust            10-K       12/31/21  148:40M                                    Workiva Inc Wde… FA01/FA

Annual Report   —   Form 10-K

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   5.07M 
 2: EX-21.1     Subsidiaries List                                   HTML    168K 
 3: EX-23.1     Consent of Expert or Counsel                        HTML     39K 
 4: EX-31.1     Certification -- §302 - SOA'02                      HTML     42K 
 5: EX-31.2     Certification -- §302 - SOA'02                      HTML     42K 
 6: EX-32.1     Certification -- §906 - SOA'02                      HTML     39K 
 7: EX-32.2     Certification -- §906 - SOA'02                      HTML     39K 
13: R1          Cover Page                                          HTML    104K 
14: R2          Audit Information                                   HTML     43K 
15: R3          Consolidated Balance Sheets                         HTML    176K 
16: R4          Consolidated Balance Sheets (Parenthetical)         HTML     53K 
17: R5          Consolidated Statements of Operations               HTML    173K 
18: R6          Consolidated Statements of Comprehensive (Loss)     HTML     71K 
                Income                                                           
19: R7          Consolidated Statements of Equity                   HTML    121K 
20: R8          Consolidated Statements of Cash Flows               HTML    262K 
21: R9          Description of the Business                         HTML     52K 
22: R10         Summary of Significant Accounting Policies          HTML    136K 
23: R11         Business Combinations                               HTML    147K 
24: R12         Investments in Partially Owned Entities             HTML     50K 
25: R13         Goodwill and Intangible Assets                      HTML    125K 
26: R14         Other Assets                                        HTML     53K 
27: R15         Accounts Payable and Accrued Expenses               HTML     59K 
28: R16         Acquisitions, Litigation, and Other Charges         HTML     62K 
29: R17         Debt                                                HTML    141K 
30: R18         Derivative Financial Instruments                    HTML    115K 
31: R19         Sale-Leasebacks of Real Estate                      HTML     62K 
32: R20         Lease Accounting                                    HTML    248K 
33: R21         Fair Value Measurements                             HTML     64K 
34: R22         Dividends and Distributions                         HTML    133K 
35: R23         Share-Based Compensation                            HTML    146K 
36: R24         Income Taxes                                        HTML    113K 
37: R25         Variable Interest Entities                          HTML     45K 
38: R26         Employee Benefit Plans                              HTML    453K 
39: R27         Commitments and Contingencies                       HTML     69K 
40: R28         Accumulated Other Comprehensive (Loss) Income       HTML     85K 
41: R29         Geographic Concentrations                           HTML    129K 
42: R30         Segment Information                                 HTML    129K 
43: R31         Earnings per Common Share                           HTML     60K 
44: R32         Revenue from Contracts with Customers               HTML    114K 
45: R33         Balance Sheet of the Operating Partnership          HTML     87K 
46: R34         Schedule III - Real Estate and Accumulated          HTML   1.36M 
                Depreciation                                                     
47: R35         Summary of Significant Accounting Policies          HTML    157K 
                (Policies)                                                       
48: R36         Summary of Significant Accounting Policies          HTML     73K 
                (Tables)                                                         
49: R37         Business Combinations (Tables)                      HTML    118K 
50: R38         Investments in Partially Owned Entities (Tables)    HTML     46K 
51: R39         Goodwill and Intangible Assets (Tables)             HTML    181K 
52: R40         Other Assets (Tables)                               HTML     53K 
53: R41         Accounts Payable and Accrued Expenses (Tables)      HTML     59K 
54: R42         Acquisitions, Litigation, and Other Charges         HTML     57K 
                (Tables)                                                         
55: R43         Debt of the Operating Partnership (Tables)          HTML    118K 
56: R44         Derivative Financial Instruments (Tables)           HTML    105K 
57: R45         Sale-Leasebacks of Real Estate (Tables)             HTML     57K 
58: R46         Lease Accounting (Tables)                           HTML    132K 
59: R47         Fair Value Measurements (Tables)                    HTML     59K 
60: R48         Dividends and Distributions (Tables)                HTML    128K 
61: R49         Share-Based Compensation (Tables)                   HTML    132K 
62: R50         Income Taxes Income Taxes (Tables)                  HTML    109K 
63: R51         Employee Benefit Plans (Tables)                     HTML    445K 
64: R52         Commitments and Contingencies (Tables)              HTML     50K 
65: R53         Accumulated Other Comprehensive (Loss) Income       HTML     85K 
                (Tables)                                                         
66: R54         Geographic Concentrations (Tables)                  HTML     64K 
67: R55         Segment Information (Tables)                        HTML     96K 
68: R56         Earning per Common Share (Tables)                   HTML     59K 
69: R57         Revenue from Contracts with Customers (Tables)      HTML    106K 
70: R58         Balance Sheet of the Operating Partnership          HTML     87K 
                (Tables)                                                         
71: R59         Description of the Business - Narrative (Details)   HTML    183K 
72: R60         Summary of Significant Accounting Policies -        HTML    218K 
                Additional Information (Details)                                 
73: R61         Summary of Significant Accounting Policies -        HTML     78K 
                Activity in Real Estate Facilities (Details)                     
74: R62         Summary of Significant Accounting Policies -        HTML     46K 
                Allowance for Doubtful Accounts (Details)                        
75: R63         Business Combinations - Narrative (Details)         HTML    290K 
76: R64         Business Combinations - Acquisition Consideration   HTML    177K 
                with Measurement Period Adjustments (Details)                    
77: R65         Business Combinations - Pro Forma Information       HTML     57K 
                (Details)                                                        
78: R66         Investment in Partially Owned Entities - Schedule   HTML     49K 
                of Unconsolidated Joint Venture (Details)                        
79: R67         Investments in Partially Owned Entities -           HTML     61K 
                Additional Information (Details)                                 
80: R68         Goodwill and Intangible Assets - Changes in         HTML     64K 
                Carrying Value of Goodwill (Details)                             
81: R69         Goodwill and Intangible Assets - Intangible Assets  HTML     93K 
                (Details)                                                        
82: R70         Goodwill and Intangible Assets - Estimated          HTML     54K 
                Amortization of Intangible Assets (Details)                      
83: R71         Other Assets (Details)                              HTML     63K 
84: R72         Accounts Payable and Accrued Expenses (Details)     HTML     80K 
85: R73         Acquisitions, Litigation, and Other Charges         HTML     60K 
                Acquisitions, Litigation, and Other Charges -                    
                Components of Charges (Details)                                  
86: R74         Debt (Details)                                      HTML    191K 
87: R75         Debt - Additional Information (Details)             HTML    220K 
88: R76         Debt - Schedule of Aggregate Maturities of Total    HTML     62K 
                Indebtedness (Details)                                           
89: R77         Derivative Financial Instruments - Narrative        HTML    127K 
                (Details)                                                        
90: R78         Derivative Financial Instruments - Fair Value       HTML     48K 
                Amounts of Derivative Instruments (Details)                      
91: R79         Derivative Financial Instruments - Amounts in the   HTML     60K 
                Condensed Consolidated Statement of Operations,                  
                Including Impacts to Accumulated Other                           
                Comprehensive Income (Aoci) (Details)                            
92: R80         Derivative Financial Instruments - Offsetting       HTML     75K 
                Derivative Assets and Liabilities (Details)                      
93: R81         Sale-Leasebacks of Real Estate (Details)            HTML     64K 
94: R82         Sale-Leasebacks of Real Estate - Narrative          HTML    110K 
                (Details)                                                        
95: R83         Sale-Leasebacks of Real Estate - Future Minimum     HTML     63K 
                Lease Payments (Details)                                         
96: R84         Lease Accounting - Lessee Narrative (Details)       HTML     45K 
97: R85         Lease Accounting - Lessee, Lease Expenses           HTML     63K 
                (Details)                                                        
98: R86         Lease Accounting - Lessee, Other Information        HTML     65K 
                (Details)                                                        
99: R87         Lease Accounting - Lessee, Minimum Lease Payments   HTML    107K 
                (Details)                                                        
100: R88         Lease Accounting - Lessor, Narrative (Details)      HTML     58K  
101: R89         Lease Accounting - Future Minimum Payments to be    HTML     53K  
                Received (Details)                                               
102: R90         Fair Value Measurements - Schedule of Assets and    HTML     63K  
                Liabilities Measured at Fair Value (Details)                     
103: R91         Dividends and Distributions - Summary of Dividends  HTML     84K  
                Declared and Distributions Paid (Details)                        
104: R92         Dividends and Distributions - Distribution Type     HTML     45K  
                (Details)                                                        
105: R93         Share-Based Compensation - Narrative (Details)      HTML    201K  
106: R94         Share-Based Compensation - Restricted Stock Units   HTML     56K  
                Grants (Details)                                                 
107: R95         Share-Based Compensation - Restricted Stock Unit    HTML     97K  
                Activity (Details)                                               
108: R96         Share-Based Compensation - Performance Thresholds   HTML     57K  
                (Details)                                                        
109: R97         Share-based Compensation - Restricted Stock Units   HTML     49K  
                Valuation Assumptions (Details)                                  
110: R98         Share-Based Compensation - OP Units Grants          HTML     56K  
                (Details)                                                        
111: R99         Share-Based Compensation - OP Units Activity        HTML     67K  
                (Details)                                                        
112: R100        Share-Based Compensation - Summary of Option        HTML     74K  
                Activity (Details)                                               
113: R101        Income Taxes - Narrative (Details)                  HTML     71K  
114: R102        Income Taxes - Income/(Loss) Before Income Taxes    HTML     48K  
                (Details)                                                        
115: R103        Income Taxes - Schedule of Components of Income     HTML     66K  
                Tax Benefit (Expense) (Details)                                  
116: R104        Income Taxes - Reconciliation Schedule (Details)    HTML     70K  
117: R105        Income Taxes - Temporary Difference (Details)       HTML     71K  
118: R106        Variable Interest Entities (Details)                HTML     52K  
119: R107        Employee Benefit Plans - Actuarial Assumptions      HTML    228K  
                (Details)                                                        
120: R108        Employee Benefit Plans - Components of Net Period   HTML     84K  
                Benefit Cost (Details)                                           
121: R109        Employee Benefit Plans - Additional Information     HTML     92K  
                (Details)                                                        
122: R110        Employee Benefit Plans - Assumptions used           HTML     70K  
                (Details)                                                        
123: R111        Employee Benefit Plans - Allocation of Plan Assets  HTML     84K  
                (Details)                                                        
124: R112        Employee Benefit Plans - Fair Value of Plan Assets  HTML    121K  
                (Details)                                                        
125: R113        Employee Benefit Plans - Estimated Future Benefit   HTML     52K  
                Payments (Details)                                               
126: R114        Employee Benefit Plans - Multiemployer Plans        HTML     62K  
                Contributions (Details)                                          
127: R115        Commitments and Contingencies (Details)             HTML     87K  
128: R116        Commitments and Contingencies - Construction        HTML     57K  
                Commitments (Details)                                            
129: R117        Accumulated Other Comprehensive (Loss) Income -     HTML     88K  
                Activity in AOCI (Details)                                       
130: R118        Geographic Concentrations (Details)                 HTML     69K  
131: R119        Segment Information - Additional Information        HTML     40K  
                (Details)                                                        
132: R120        Segment Information - Revenues with a               HTML    112K  
                Reconciliation to Income (Loss) before Income Tax                
                and Gain (Loss) (Details)                                        
133: R121        Segment Information - Assets (Details)              HTML     69K  
134: R122        Earnings per Common Share - Reconciliation of       HTML     49K  
                Weighted Average Number of Common Shares                         
                Outstanding (Details)                                            
135: R123        Earnings per Common Share - Antidilutive            HTML     52K  
                Securities (Details)                                             
136: R124        Revenue from Contracts with Customers -             HTML    103K  
                Disaggregation of Revenue (Details)                              
137: R125        Revenue from Contracts with Customers -             HTML     47K  
                Performance Obligations, Narrative (Details)                     
138: R126        Revenue from Contracts with Customers -             HTML     47K  
                Performance Obligations, Expected Timing of                      
                Recognition, Narrative (Details)                                 
139: R127        Revenue from Contracts with Customers - Contract    HTML     43K  
                Balances, Narrative (Details)                                    
140: R128        Balance Sheet of the Operating Partnership          HTML    180K  
                (Details)                                                        
141: R129        Balance Sheet of the Operating Partnership -        HTML     56K  
                Parenthetical (Details)                                          
142: R130        Schedule III - Real Estate and Accumulated          HTML   1.61M  
                Depreciation (Details)                                           
143: R131        Schedule III - Real Estate and Accumulated          HTML    318K  
                Depreciation - Footnotes (Details)                               
146: XML         IDEA XML File -- Filing Summary                      XML    280K  
144: XML         XBRL Instance -- art-20211231_htm                    XML  13.81M  
145: EXCEL       IDEA Workbook of Financial Reports                  XLSX    333K  
 9: EX-101.CAL  XBRL Calculations -- art-20211231_cal                XML    533K 
10: EX-101.DEF  XBRL Definitions -- art-20211231_def                 XML   2.52M 
11: EX-101.LAB  XBRL Labels -- art-20211231_lab                      XML   5.01M 
12: EX-101.PRE  XBRL Presentations -- art-20211231_pre               XML   3.09M 
 8: EX-101.SCH  XBRL Schema -- art-20211231                          XSD    627K 
147: JSON        XBRL Instance as JSON Data -- MetaLinks              953±  1.40M  
148: ZIP         XBRL Zipped Folder -- 0001628280-22-004487-xbrl      Zip   1.26M  


‘EX-31.2’   —   Certification — §302 – SOA’02


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Exhibit 31.2
CERTIFICATION OF CHIEF FINANCIAL OFFICER
PURSUANT TO RULE 13a-14(a) OF THE EXCHANGE ACT, AS AMENDED,
AS ADOPTED PURSUANT TO
SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Marc Smernoff, certify that:

1. I have reviewed this Annual Report on Form 10-K of Americold Realty Trust;
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: March 1, 2022
Chief Financial Officer and Executive Vice President


Dates Referenced Herein

This ‘10-K’ Filing    Date    Other Filings
Filed on:3/1/22None on these Dates
For Period end:12/31/21
 List all Filings 


4 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/29/24  Americold Realty Trust            10-K       12/31/23  143:31M                                    Workiva Inc Wde… FA01/FA
 3/21/23  Americold Realty Trust            S-8 POS     3/21/23    3:73K                                    Donnelley … Solutions/FA
 3/17/23  Americold Realty Trust            424B5                  2:812K                                   Donnelley … Solutions/FA
 2/27/23  Americold Realty Trust            10-K       12/31/22  140:35M                                    Workiva Inc Wde… FA01/FA


26 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/24/22  Americold Realty Trust            8-K:2,5,7,9 2/24/22   15:4.8M                                   Workiva Inc Wde… FA01/FA
12/16/21  Americold Realty Trust            8-K:1,2,9  12/10/21   11:344K                                   Workiva Inc Wde… FA01/FA
11/05/21  Americold Realty Trust            10-Q        9/30/21   93:14M                                    Workiva Inc Wde… FA01/FA
11/03/21  Americold Realty Trust            8-K:2,5,7,911/03/21   14:4.5M                                   Workiva Inc Wde… FA01/FA
 8/06/21  Americold Realty Trust            10-Q        6/30/21   97:15M                                    Workiva Inc Wde… FA01/FA
 5/07/21  Americold Realty Trust            10-Q        3/31/21   97:12M                                    Workiva Inc Wde… FA01/FA
 3/23/21  Americold Realty Trust            8-K:5,9     3/22/21   13:199K                                   Workiva Inc Wde… FA01/FA
 3/01/21  Americold Realty Trust            10-K       12/31/20  159:38M                                    Workiva Inc Wde… FA01/FA
 2/04/21  Americold Realty Trust            8-K:1,2,9   1/29/21   11:369K                                   Donnelley … Solutions/FA
 1/06/21  Americold Realty Trust            8-K:1,2,3,712/30/20   14:10M                                    Donnelley … Solutions/FA
10/13/20  Americold Realty Trust            8-K:1,3,7,810/13/20   13:1M                                     Donnelley … Solutions/FA
 3/30/20  Americold Realty Trust            8-K:1,2,9   3/26/20   12:2.3M                                   Donnelley … Solutions/FA
 3/10/20  Americold Realty Trust            8-K:5,9     3/09/20   13:206K                                   Workiva Inc Wde… FA01/FA
 3/02/20  Americold Realty Trust            10-K       12/31/19  169:42M                                    Workiva Inc Wde… FA01/FA
 1/09/20  Americold Realty Trust            8-K:8,9     1/09/20   14:2.1M                                   Workiva Inc Wde… FA01/FA
 8/09/19  Americold Realty Trust            10-Q        6/30/19  115:17M                                    Workiva Inc Wde… FA01/FA
 7/02/19  Americold Realty Trust            8-K:1,5,9   7/02/19    2:437K                                   Workiva Inc Wde… FA01/FA
 5/23/19  Americold Realty Trust            8-K:5,9     5/22/19    3:152K                                   Donnelley … Solutions/FA
 5/08/19  Americold Realty Trust            8-K:1,2,9   5/07/19    3:1.2M                                   Donnelley … Solutions/FA
 4/16/19  Americold Realty Trust            8-K:1,7,8,9 4/16/19    5:591K                                   Donnelley … Solutions/FA
 2/26/19  Americold Realty Trust            10-K       12/31/18  159:35M                                    Workiva Inc Wde… FA01/FA
12/05/18  Americold Realty Trust            8-K:1,2,9  12/04/18    4:3M                                     Donnelley … Solutions/FA
 5/15/18  Americold Realty Trust            10-Q        3/31/18   85:8.3M                                   Workiva Inc Wde… FA01/FA
 1/23/18  Americold Realty Trust            8-K:1,3,5,8 1/18/18   14:4.9M                                   Donnelley … Solutions/FA
 1/12/18  Americold Realty Trust            S-11/A                 5:884K                                   Donnelley … Solutions/FA
12/20/17  Americold Realty Trust            S-11/A¶               14:13M                                    Donnelley … Solutions/FA
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Filing Submission 0001628280-22-004487   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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