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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating activities:    
Consolidated net earnings $ 1,261,824 $ 1,542,308
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 (368,162) (303,309)
Equity-based compensation awards 97,145 121,782
Depreciation and amortization 1,309,279 1,274,810
Earnings from unconsolidated entities, net (175,591) (174,809)
Operating distributions from unconsolidated entities 292,316 255,800
Decrease (increase) in operating receivables from unconsolidated entities 4,786 22,234
Amortization of debt discounts and debt issuance costs, net 42,757 38,112
Gains on dispositions of development properties and land, net (37,928) (127,482)
Gains on other dispositions of investments in real estate, net (83,843) (216,860)
Unrealized foreign currency and derivative losses (gains), net 193,333 (37,945)
Losses (gains) on early extinguishment of debt, net 0 (536)
Deferred income tax expense (benefit) 2,364 10,505
Decrease (increase) in other assets (40,264) (53,252)
Increase (decrease) in accounts payable and accrued expenses and other liabilities (95,546) (209,445)
Net cash provided by (used in) operating activities 2,402,470 2,141,913
Investing activities:    
Real estate development (1,331,268) (1,555,152)
Real estate acquisitions (1,153,666) (525,560)
Tenant improvements and lease commissions on previously leased space (275,365) (215,706)
Property improvements (103,139) (126,312)
Proceeds from dispositions and contributions of real estate 256,395 1,050,498
Investments in and advances to unconsolidated entities (32,600) (364,505)
Return of investment from unconsolidated entities 59,030 17,394
Proceeds from the settlement of net investment hedges 4,852 12,797
Payments on the settlement of net investment hedges (9,720) (1,350)
Net cash provided by (used in) investing activities (2,585,481) (1,707,896)
Financing activities:    
Dividends/distributions paid on common and preferred stock/units (1,881,508) (1,784,615)
Noncontrolling interests contributions 26,473 6,031
Noncontrolling interests distributions (148,558) (161,813)
Settlement of noncontrolling interests (17,947) (499)
Tax paid with shares of the Parent withheld (15,415) (21,925)
Debt and equity issuance costs paid (25,340) (19,741)
Net proceeds from (payments on) credit facilities and commercial paper 262,600 (472,181)
Repurchase of and payments on debt (72,397) (915,631)
Proceeds from the issuance of debt 1,778,480 3,016,962
Net cash provided by (used in) financing activities (93,612) (353,412)
Effect of foreign currency exchange rate changes on cash 24,113 (12,646)
Net increase (decrease) in cash and cash equivalents (252,510) 67,959
Cash and cash equivalents, beginning of period 1,318,591 530,388
Cash and cash equivalents, end of period 1,066,081 598,347
Prologis, L.P. [Member]    
Operating activities:    
Consolidated net earnings 1,261,824 1,542,308
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 (368,162) (303,309)
Equity-based compensation awards 97,145 121,782
Depreciation and amortization 1,309,279 1,274,810
Earnings from unconsolidated entities, net (175,591) (174,809)
Operating distributions from unconsolidated entities 292,316 255,800
Decrease (increase) in operating receivables from unconsolidated entities 4,786 22,234
Amortization of debt discounts and debt issuance costs, net 42,757 38,112
Gains on dispositions of development properties and land, net (37,928) (127,482)
Gains on other dispositions of investments in real estate, net (83,843) (216,860)
Unrealized foreign currency and derivative losses (gains), net 193,333 (37,945)
Losses (gains) on early extinguishment of debt, net 0 (536)
Deferred income tax expense (benefit) 2,364 10,505
Decrease (increase) in other assets (40,264) (53,252)
Increase (decrease) in accounts payable and accrued expenses and other liabilities (95,546) (209,445)
Net cash provided by (used in) operating activities 2,402,470 2,141,913
Investing activities:    
Real estate development (1,331,268) (1,555,152)
Real estate acquisitions (1,153,666) (525,560)
Tenant improvements and lease commissions on previously leased space (275,365) (215,706)
Property improvements (103,139) (126,312)
Proceeds from dispositions and contributions of real estate 256,395 1,050,498
Investments in and advances to unconsolidated entities (32,600) (364,505)
Return of investment from unconsolidated entities 59,030 17,394
Proceeds from the settlement of net investment hedges 4,852 12,797
Payments on the settlement of net investment hedges (9,720) (1,350)
Net cash provided by (used in) investing activities (2,585,481) (1,707,896)
Financing activities:    
Dividends/distributions paid on common and preferred stock/units (1,933,823) (1,835,902)
Noncontrolling interests contributions 26,473 6,031
Noncontrolling interests distributions (96,243) (110,526)
Settlement of noncontrolling interests (13,240)  
Redemption of common limited partnership units (4,707) (499)
Tax paid with shares of the Parent withheld (15,415) (21,925)
Debt and equity issuance costs paid (25,340) (19,741)
Net proceeds from (payments on) credit facilities and commercial paper 262,600 (472,181)
Repurchase of and payments on debt (72,397) (915,631)
Proceeds from the issuance of debt 1,778,480 3,016,962
Net cash provided by (used in) financing activities (93,612) (353,412)
Effect of foreign currency exchange rate changes on cash 24,113 (12,646)
Net increase (decrease) in cash and cash equivalents (252,510) 67,959
Cash and cash equivalents, beginning of period 1,318,591 530,388
Cash and cash equivalents, end of period $ 1,066,081 $ 598,347