XML 26 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues:    
Rental $ 439,884 $ 437,104
Rental recoveries 127,049 117,012
Strategic capital 57,045 51,003
Development management and other 5,177 1,181
Total revenues 629,155 606,300
Expenses:    
Rental 152,656 146,581
Strategic capital 31,799 25,293
General and administrative 53,617 50,543
Depreciation and amortization 226,591 250,000
Other 2,606 4,685
Total expenses 467,269 477,102
Operating income 161,886 129,198
Other income (expense):    
Earnings from unconsolidated entities, net 48,605 58,311
Interest expense (72,912) (80,812)
Interest and other income, net 2,785 2,591
Gains on dispositions of investments in real estate, net 97,325 144,317
Foreign currency and derivative losses, net (7,400) (14,211)
Losses on early extinguishment of debt, net 0 (1,052)
Total other income 68,403 109,144
Earnings before income taxes 230,289 238,342
Total income tax expense 9,600 15,537
Consolidated net earnings 220,689 222,805
Less net earnings attributable to noncontrolling interests 15,760 13,075
Net earnings attributable to controlling interests 204,929 209,730
Less preferred stock/unit dividends/distributions 1,674 1,689
Net earnings attributable to common stockholders/unitholders $ 203,255 $ 208,041
Weighted average common shares/units outstanding – Basic 528,721 524,205
Weighted average common shares/units outstanding - Diluted 550,010 543,562
Net earnings per share attributable to common stockholders/unitholders - Basic $ 0.38 $ 0.40
Net earnings per share attributable to common stockholders/unitholders - Diluted 0.38 0.39
Dividends per common share or unit $ 0.44 $ 0.42
Prologis, L.P. [Member]    
Revenues:    
Rental $ 439,884 $ 437,104
Rental recoveries 127,049 117,012
Strategic capital 57,045 51,003
Development management and other 5,177 1,181
Total revenues 629,155 606,300
Expenses:    
Rental 152,656 146,581
Strategic capital 31,799 25,293
General and administrative 53,617 50,543
Depreciation and amortization 226,591 250,000
Other 2,606 4,685
Total expenses 467,269 477,102
Operating income 161,886 129,198
Other income (expense):    
Earnings from unconsolidated entities, net 48,605 58,311
Interest expense (72,912) (80,812)
Interest and other income, net 2,785 2,591
Gains on dispositions of investments in real estate, net 97,325 144,317
Foreign currency and derivative losses, net (7,400) (14,211)
Losses on early extinguishment of debt, net 0 (1,052)
Total other income 68,403 109,144
Earnings before income taxes 230,289 238,342
Total income tax expense 9,600 15,537
Consolidated net earnings 220,689 222,805
Less net earnings attributable to noncontrolling interests 10,137 6,841
Net earnings attributable to controlling interests 210,552 215,964
Less preferred stock/unit dividends/distributions 1,674 1,689
Net earnings attributable to common stockholders/unitholders $ 208,878 $ 214,275
Weighted average common shares/units outstanding – Basic 534,685 531,070
Weighted average common shares/units outstanding - Diluted 550,010 543,562
Net earnings per share attributable to common stockholders/unitholders - Basic $ 0.38 $ 0.40
Net earnings per share attributable to common stockholders/unitholders - Diluted 0.38 0.39
Dividends per common share or unit $ 0.44 $ 0.42