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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Operating activities:    
Consolidated net earnings $ 1,308,623 $ 1,275,604
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Straight-lined rents and amortization of above and below market leases (88,637) (77,157)
Equity-based compensation awards 86,360 72,467
Depreciation and amortization 1,144,903 850,639
Earnings from unconsolidated entities, net (216,844) (151,524)
Operating distributions from unconsolidated entities 355,395 269,992
Decrease (increase) in operating receivables from unconsolidated entities 71,979 (99,762)
Amortization of debt discounts and debt issuance costs, net 5,568 12,642
Gains on dispositions of development properties and land, net (383,373) (303,317)
Gains on other dispositions of investments in real estate, net (184,357) (232,400)
Unrealized foreign currency and derivative losses (gains), net 58,645 (51,373)
Losses on early extinguishment of debt, net 164,606 16,086
Deferred income tax expense (benefit) (6,564) 9,769
Increase in accounts receivable, lease right-of-use assets and other assets (33,189) (25,849)
Increase in accounts payable and accrued expenses, lease liabilities and other liabilities 50,220 81,843
Net cash provided by operating activities 2,333,335 1,647,660
Investing activities:    
Real estate development (1,501,089) (1,271,656)
Real estate acquisitions (700,793) (660,836)
Tenant improvements and lease commissions on previously leased space (142,168) (128,413)
Property improvements (91,355) (89,132)
Proceeds from dispositions and contributions of real estate properties 1,684,633 1,769,296
Investments in and advances to unconsolidated entities (345,310) (256,727)
Return of investment from unconsolidated entities 206,741 360,106
Proceeds from repayment of notes receivable backed by real estate 4,312 0
Proceeds from the settlement of net investment hedges 2,352 23,640
Payments on the settlement of net investment hedges (7,236) (28,524)
Net cash used in investing activities (2,579,822) (282,246)
Financing activities:    
Proceeds from issuance of common stock/units 1,869 5,899
Repurchase and retirement of common stock (34,829) 0
Repurchase of preferred stock (7,200) 0
Dividends/distributions paid on common and preferred stock/units (1,292,326) (1,008,962)
Noncontrolling interests contributions 916,974 9,076
Noncontrolling interests distributions (308,658) (131,085)
Settlement of noncontrolling interests (111,777) (106,866)
Tax paid with shares withheld (23,227) (21,933)
Debt and equity issuance costs paid (51,723) (15,011)
Net proceeds from (payments on) credit facilities (142,498) (56,452)
Repurchase of and payments on debt (6,156,328) (3,279,771)
Proceeds from the issuance of debt 7,303,761 3,921,728
Net cash provided by (used in) financing activities 94,038 (683,377)
Effect of foreign currency exchange rate changes on cash 3,787 (899)
Net increase (decrease) in cash and cash equivalents (148,662) 681,138
Cash and cash equivalents, beginning of period 1,088,855 343,856
Cash and cash equivalents, end of period 940,193 1,024,994
Prologis, L.P. [Member]    
Operating activities:    
Consolidated net earnings 1,308,623 1,275,604
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Straight-lined rents and amortization of above and below market leases (88,637) (77,157)
Equity-based compensation awards 86,360 72,467
Depreciation and amortization 1,144,903 850,639
Earnings from unconsolidated entities, net (216,844) (151,524)
Operating distributions from unconsolidated entities 355,395 269,992
Decrease (increase) in operating receivables from unconsolidated entities 71,979 (99,762)
Amortization of debt discounts and debt issuance costs, net 5,568 12,642
Gains on dispositions of development properties and land, net (383,373) (303,317)
Gains on other dispositions of investments in real estate, net (184,357) (232,400)
Unrealized foreign currency and derivative losses (gains), net 58,645 (51,373)
Losses on early extinguishment of debt, net 164,606 16,086
Deferred income tax expense (benefit) (6,564) 9,769
Increase in accounts receivable, lease right-of-use assets and other assets (33,189) (25,849)
Increase in accounts payable and accrued expenses, lease liabilities and other liabilities 50,220 81,843
Net cash provided by operating activities 2,333,335 1,647,660
Investing activities:    
Real estate development (1,501,089) (1,271,656)
Real estate acquisitions (700,793) (660,836)
Tenant improvements and lease commissions on previously leased space (142,168) (128,413)
Property improvements (91,355) (89,132)
Proceeds from dispositions and contributions of real estate properties 1,684,633 1,769,296
Investments in and advances to unconsolidated entities (345,310) (256,727)
Return of investment from unconsolidated entities 206,741 360,106
Proceeds from repayment of notes receivable backed by real estate 4,312 0
Proceeds from the settlement of net investment hedges 2,352 23,640
Payments on the settlement of net investment hedges (7,236) (28,524)
Net cash used in investing activities (2,579,822) (282,246)
Financing activities:    
Proceeds from issuance of common stock/units 1,869 5,899
Repurchase and retirement of common stock (34,829) 0
Repurchase of preferred stock (7,200) 0
Dividends/distributions paid on common and preferred stock/units (1,336,412) (1,047,030)
Noncontrolling interests contributions 916,974 9,076
Noncontrolling interests distributions (264,572) (93,017)
Settlement of noncontrolling interests 0 (22,468)
Redemption of common limited partnership units (111,777) (84,398)
Tax paid for shares of the Parent withheld (23,227) (21,933)
Debt and equity issuance costs paid (51,723) (15,011)
Net proceeds from (payments on) credit facilities (142,498) (56,452)
Repurchase of and payments on debt (6,156,328) (3,279,771)
Proceeds from the issuance of debt 7,303,761 3,921,728
Net cash provided by (used in) financing activities 94,038 (683,377)
Effect of foreign currency exchange rate changes on cash 3,787 (899)
Net increase (decrease) in cash and cash equivalents (148,662) 681,138
Cash and cash equivalents, beginning of period 1,088,855 343,856
Cash and cash equivalents, end of period 940,193 1,024,994
Liberty Transaction [Member]    
Investing activities:    
Transaction, net of cash acquired (24,550) 0
Liberty Transaction [Member] | Prologis, L.P. [Member]    
Investing activities:    
Transaction, net of cash acquired (24,550) 0
IPT Transaction [Member]    
Investing activities:    
Transaction, net of cash acquired (1,665,359) 0
IPT Transaction [Member] | Prologis, L.P. [Member]    
Investing activities:    
Transaction, net of cash acquired $ (1,665,359) $ 0