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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating activities:    
Consolidated net earnings $ 639,520 $ 630,807
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:    
Straight-lined rents and amortization of above and below market leases (180,361) (158,960)
Equity-based compensation awards 53,161 67,237
Depreciation and amortization 652,058 637,505
Earnings from unconsolidated entities, net (67,899) (72,472)
Operating distributions from unconsolidated entities 138,947 126,653
Decrease (increase) in operating receivables from unconsolidated entities 16,638 44,841
Amortization of debt discounts and debt issuance costs, net 20,835 18,044
Gains on dispositions of development properties and land, net (27,451) (40,308)
Gains on other dispositions of investments in real estate, net (36,799) (17,534)
Unrealized foreign currency and derivative losses (gains), net 55,465 (35,046)
Losses (gains) on early extinguishment of debt, net 0 (536)
Deferred income tax expense (benefit) 6,682 334
Decrease (increase) in other assets 22,982 (11,782)
Increase (decrease) in accounts payable and accrued expenses and other liabilities (133,025) (133,323)
Net cash provided by (used in) operating activities 1,160,753 1,055,460
Investing activities:    
Real estate development (776,184) (719,795)
Real estate acquisitions (779,664) (126,177)
Tenant improvements and lease commissions on previously leased space (123,123) (104,306)
Property improvements (34,367) (30,200)
Proceeds from dispositions and contributions of real estate 157,013 199,538
Investments in and advances to unconsolidated entities (27,352) (314,842)
Return of investment from unconsolidated entities 28,314 1,360
Proceeds from the settlement of net investment hedges 4,852 10,357
Net cash provided by (used in) investing activities (1,550,511) (1,084,065)
Financing activities:    
Dividends/distributions paid on common and preferred stock/units (939,920) (891,806)
Noncontrolling interests contributions 13,234 1,270
Noncontrolling interests distributions (75,045) (70,363)
Settlement of noncontrolling interests (4,003) (246)
Tax paid with shares of the Parent withheld (15,416) (21,720)
Debt and equity issuance costs paid (2,648) (13,073)
Net proceeds from (payments on) credit facilities and commercial paper 299,224 53,964
Repurchase of and payments on debt (71,205) (913,935)
Proceeds from the issuance of debt 520,219 1,858,297
Net cash provided by (used in) financing activities (275,560) 2,388
Effect of foreign currency exchange rate changes on cash 17,844 (3,582)
Net increase (decrease) in cash and cash equivalents (647,474) (29,799)
Cash and cash equivalents, beginning of period 1,318,591 530,388
Cash and cash equivalents, end of period 671,117 500,589
Prologis, L.P. [Member]    
Operating activities:    
Consolidated net earnings 639,520 630,807
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:    
Straight-lined rents and amortization of above and below market leases (180,361) (158,960)
Equity-based compensation awards 53,161 67,237
Depreciation and amortization 652,058 637,505
Earnings from unconsolidated entities, net (67,899) (72,472)
Operating distributions from unconsolidated entities 138,947 126,653
Decrease (increase) in operating receivables from unconsolidated entities 16,638 44,841
Amortization of debt discounts and debt issuance costs, net 20,835 18,044
Gains on dispositions of development properties and land, net (27,451) (40,308)
Gains on other dispositions of investments in real estate, net (36,799) (17,534)
Unrealized foreign currency and derivative losses (gains), net 55,465 (35,046)
Losses (gains) on early extinguishment of debt, net 0 (536)
Deferred income tax expense (benefit) 6,682 334
Decrease (increase) in other assets 22,982 (11,782)
Increase (decrease) in accounts payable and accrued expenses and other liabilities (133,025) (133,323)
Net cash provided by (used in) operating activities 1,160,753 1,055,460
Investing activities:    
Real estate development (776,184) (719,795)
Real estate acquisitions (779,664) (126,177)
Tenant improvements and lease commissions on previously leased space (123,123) (104,306)
Property improvements (34,367) (30,200)
Proceeds from dispositions and contributions of real estate 157,013 199,538
Investments in and advances to unconsolidated entities (27,352) (314,842)
Return of investment from unconsolidated entities 28,314 1,360
Proceeds from the settlement of net investment hedges 4,852 10,357
Net cash provided by (used in) investing activities (1,550,511) (1,084,065)
Financing activities:    
Dividends/distributions paid on common and preferred stock/units (966,314) (917,670)
Noncontrolling interests contributions 13,234 1,270
Noncontrolling interests distributions (48,651) (44,499)
Redemption of common limited partnership units (4,003) (246)
Tax paid with shares of the Parent withheld (15,416) (21,720)
Debt and equity issuance costs paid (2,648) (13,073)
Net proceeds from (payments on) credit facilities and commercial paper 299,224 53,964
Repurchase of and payments on debt (71,205) (913,935)
Proceeds from the issuance of debt 520,219 1,858,297
Net cash provided by (used in) financing activities (275,560) 2,388
Effect of foreign currency exchange rate changes on cash 17,844 (3,582)
Net increase (decrease) in cash and cash equivalents (647,474) (29,799)
Cash and cash equivalents, beginning of period 1,318,591 530,388
Cash and cash equivalents, end of period $ 671,117 $ 500,589