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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating activities:    
Consolidated net earnings $ 399,693 $ 521,164
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Straight-lined rents and amortization of above and below market leases (36,658) (23,738)
Equity-based compensation awards 34,575 31,808
Depreciation and amortization 397,575 345,970
Earnings from unconsolidated entities, net (67,049) (88,730)
Operating distributions from unconsolidated entities 115,957 106,732
Decrease in operating receivables from unconsolidated entities 4,284 60,739
Amortization of debt discounts and debt issuance costs, net 2,091 1,175
Gains on dispositions of development properties and land, net (173,643) (162,750)
Gains on other dispositions of investments in real estate, net (16,623) (31,491)
Unrealized foreign currency and derivative gains, net (81,726) (109,726)
Losses on early extinguishment of debt, net 187,453 42,767
Deferred income tax expense 1,162 2,993
Decrease in accounts receivable and other assets 68,398 105,648
Decrease in accounts payable and accrued expenses and other liabilities (18,795) (123,468)
Decrease in operating receivables from unconsolidated entities (4,284) (60,739)
Decrease in accounts receivable and other assets (68,398) (105,648)
Net cash provided by operating activities 816,694 679,093
Investing activities:    
Real estate development (422,399) (443,044)
Real estate acquisitions (226,450) (439,059)
Tenant improvements and lease commissions on previously leased space (71,140) (39,396)
Property improvements (8,071) (13,639)
Proceeds from dispositions and contributions of real estate properties 727,609 723,887
Investments in and advances to unconsolidated entities (141,764) (251,673)
Return of investment from unconsolidated entities 37,632 139,900
Proceeds from repayment of notes receivable backed by real estate 0 4,312
Proceeds from the settlement of net investment hedges 0 2,352
Payments on the settlement of net investment hedges (2,511) (5,599)
Net cash used in investing activities (107,094) (2,009,173)
Financing activities:    
Proceeds from issuance of common stock/units 709 850
Repurchase and retirement of common stock 0 (34,829)
Dividends/distributions paid on common and preferred stock/units (468,000) (430,766)
Noncontrolling interests contributions 120 916,974
Noncontrolling interests distributions (47,714) (132,025)
Settlement of noncontrolling interests (31,372) (16,811)
Tax paid with shares withheld (16,955) (22,736)
Debt and equity issuance costs paid (11,661) (31,118)
Net payments on credit facilities (115,274) (125,166)
Repurchase of and payments on debt (1,931,983) (4,065,075)
Proceeds from the issuance of debt 2,029,817 4,991,113
Net cash provided by (used in) financing activities (592,313) 1,050,411
Effect of foreign currency exchange rate changes on cash (39,299) (1,315)
Net increase (decrease) in cash and cash equivalents 77,988 (280,984)
Cash and cash equivalents, beginning of period 598,086 1,088,855
Cash and cash equivalents, end of period 676,074 807,871
Net payments on credit facilities 115,274 125,166
Net cash provided by (used in) financing activities (592,313) 1,050,411
Prologis, L.P. [Member]    
Operating activities:    
Consolidated net earnings 399,693 521,164
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Straight-lined rents and amortization of above and below market leases (36,658) (23,738)
Equity-based compensation awards 34,575 31,808
Depreciation and amortization 397,575 345,970
Earnings from unconsolidated entities, net (67,049) (88,730)
Operating distributions from unconsolidated entities 115,957 106,732
Decrease in operating receivables from unconsolidated entities 4,284 60,739
Amortization of debt discounts and debt issuance costs, net 2,091 1,175
Gains on dispositions of development properties and land, net (173,643) (162,750)
Gains on other dispositions of investments in real estate, net (16,623) (31,491)
Unrealized foreign currency and derivative gains, net (81,726) (109,726)
Losses on early extinguishment of debt, net 187,453 42,767
Deferred income tax expense 1,162 2,993
Decrease in accounts receivable and other assets 68,398 105,648
Decrease in accounts payable and accrued expenses and other liabilities (18,795) (123,468)
Decrease in operating receivables from unconsolidated entities (4,284) (60,739)
Decrease in accounts receivable and other assets (68,398) (105,648)
Net cash provided by operating activities 816,694 679,093
Investing activities:    
Real estate development (422,399) (443,044)
Real estate acquisitions (226,450) (439,059)
Tenant improvements and lease commissions on previously leased space (71,140) (39,396)
Property improvements (8,071) (13,639)
Proceeds from dispositions and contributions of real estate properties 727,609 723,887
Investments in and advances to unconsolidated entities (141,764) (251,673)
Return of investment from unconsolidated entities 37,632 139,900
Proceeds from repayment of notes receivable backed by real estate 0 4,312
Proceeds from the settlement of net investment hedges 0 2,352
Payments on the settlement of net investment hedges (2,511) (5,599)
Net cash used in investing activities (107,094) (2,009,173)
Financing activities:    
Proceeds from issuance of common stock/units 709 850
Repurchase and retirement of common stock 0 (34,829)
Dividends/distributions paid on common and preferred stock/units (483,928) (445,554)
Noncontrolling interests contributions 120 916,974
Noncontrolling interests distributions (31,786) (117,237)
Redemption of common limited partnership units 31,372 16,811
Tax paid for shares of the Parent withheld 16,955 22,736
Debt and equity issuance costs paid (11,661) (31,118)
Net payments on credit facilities 115,274 125,166
Repurchase of and payments on debt (1,931,983) (4,065,075)
Proceeds from the issuance of debt 2,029,817 4,991,113
Net cash provided by (used in) financing activities (592,313) 1,050,411
Redemption of common limited partnership units (31,372) (16,811)
Effect of foreign currency exchange rate changes on cash (39,299) (1,315)
Net increase (decrease) in cash and cash equivalents 77,988 (280,984)
Cash and cash equivalents, beginning of period 598,086 1,088,855
Cash and cash equivalents, end of period 676,074 807,871
Tax paid for shares of the Parent withheld 16,955 22,736
Net payments on credit facilities (115,274) (125,166)
Net cash provided by (used in) financing activities (592,313) 1,050,411
Liberty Transaction [Member]    
Investing activities:    
Transaction, net of cash acquired 0 (22,659)
Liberty Transaction [Member] | Prologis, L.P. [Member]    
Investing activities:    
Transaction, net of cash acquired 0 (22,659)
IPT Transaction [Member]    
Investing activities:    
Transaction, net of cash acquired 0 (1,664,555)
IPT Transaction [Member] | Prologis, L.P. [Member]    
Investing activities:    
Transaction, net of cash acquired $ 0 $ (1,664,555)