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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating activities:    
Consolidated net earnings $ 220,689 $ 222,805
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Straight-lined rents and amortization of above and below market leases (25,497) (20,283)
Equity-based compensation awards 18,380 12,465
Depreciation and amortization 226,591 250,000
Earnings from unconsolidated entities, net (48,605) (58,311)
Distributions from unconsolidated entities 77,347 80,088
Net changes in operating receivables from unconsolidated entities 3,880 30,599
Amortization of debt premiums, net of debt issuance costs (2,905) (5,391)
Gains on dispositions of investments in real estate, net (97,325) (144,317)
Unrealized foreign currency and derivative losses, net 12,078 15,079
Losses on early extinguishment of debt, net 0 1,052
Deferred income tax expense (benefit) 2,439 (619)
Increase in accounts receivable and other assets 33,470 11,455
Decrease in accounts payable and accrued expenses and other liabilities (67,748) (110,746)
Net cash provided by operating activities 352,794 283,876
Investing activities:    
Real estate development (320,986) (343,955)
Real estate acquisitions (132,358) (67,346)
Tenant improvements and lease commissions on previously leased space (40,278) (41,569)
Nondevelopment capital expenditures (10,851) (10,721)
Proceeds from dispositions and contributions of real estate properties 542,192 603,387
Investments in and advances to unconsolidated entities (106,658) (117,017)
Return of investment from unconsolidated entities 108,543 111,141
Proceeds from repayment of notes receivable backed by real estate 15,094 197,500
Proceeds from the settlement of net investment hedges 1,789 869
Net cash provided by investing activities 56,487 332,289
Financing activities:    
Proceeds from issuance of common stock 1,899 1,192
Dividends paid on common and preferred stock (235,072) (222,559)
Noncontrolling interests contributions 0 256
Noncontrolling interests distributions (35,989) (78,888)
Purchase of noncontrolling interests (789,803) (2,128)
Tax paid for shares withheld (19,179) (7,268)
Debt and equity issuance costs paid (735) (315)
Net proceeds from (payments on) credit facilities (33,745) 302,983
Repurchase and payments of debt (201,800) (809,309)
Proceeds from issuance of debt 485,496 299,497
Net cash used in financing activities (828,928) (516,539)
Effect of foreign currency exchange rate changes on cash 8,160 6,031
Net increase (decrease) in cash and cash equivalents (411,487) 105,657
Cash and cash equivalents, beginning of period 807,316 264,080
Cash and cash equivalents, end of period 395,829 369,737
Prologis, L.P. [Member]    
Operating activities:    
Consolidated net earnings 220,689 222,805
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Straight-lined rents and amortization of above and below market leases (25,497) (20,283)
Equity-based compensation awards 18,380 12,465
Depreciation and amortization 226,591 250,000
Earnings from unconsolidated entities, net (48,605) (58,311)
Distributions from unconsolidated entities 77,347 80,088
Net changes in operating receivables from unconsolidated entities 3,880 30,599
Amortization of debt premiums, net of debt issuance costs (2,905) (5,391)
Gains on dispositions of investments in real estate, net (97,325) (144,317)
Unrealized foreign currency and derivative losses, net 12,078 15,079
Losses on early extinguishment of debt, net 0 1,052
Deferred income tax expense (benefit) 2,439 (619)
Increase in accounts receivable and other assets 33,470 11,455
Decrease in accounts payable and accrued expenses and other liabilities (67,748) (110,746)
Net cash provided by operating activities 352,794 283,876
Investing activities:    
Real estate development (320,986) (343,955)
Real estate acquisitions (132,358) (67,346)
Tenant improvements and lease commissions on previously leased space (40,278) (41,569)
Nondevelopment capital expenditures (10,851) (10,721)
Proceeds from dispositions and contributions of real estate properties 542,192 603,387
Investments in and advances to unconsolidated entities (106,658) (117,017)
Return of investment from unconsolidated entities 108,543 111,141
Proceeds from repayment of notes receivable backed by real estate 15,094 197,500
Proceeds from the settlement of net investment hedges 1,789 869
Net cash provided by investing activities 56,487 332,289
Financing activities:    
Proceeds from issuance of common stock 1,899 1,192
Dividends paid on common and preferred stock (244,497) (231,967)
Noncontrolling interests contributions 0 256
Noncontrolling interests distributions (26,564) (69,480)
Purchase of noncontrolling interests (789,803) (2,128)
Tax paid for shares withheld (19,179) (7,268)
Debt and equity issuance costs paid (735) (315)
Net proceeds from (payments on) credit facilities (33,745) 302,983
Repurchase and payments of debt (201,800) (809,309)
Proceeds from issuance of debt 485,496 299,497
Net cash used in financing activities (828,928) (516,539)
Effect of foreign currency exchange rate changes on cash 8,160 6,031
Net increase (decrease) in cash and cash equivalents (411,487) 105,657
Cash and cash equivalents, beginning of period 807,316 264,080
Cash and cash equivalents, end of period $ 395,829 $ 369,737