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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Operating activities:    
Consolidated net earnings $ 1,050,006 $ 976,102
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Straight-lined rents and amortization of above and below market leases (72,910) (52,911)
Equity-based compensation awards 58,521 59,806
Depreciation and amortization 790,311 744,165
Earnings from unconsolidated entities, net (139,468) (142,872)
Operating distributions from unconsolidated entities 196,751 182,739
Decrease (increase) in operating receivables from unconsolidated entities 6,585 (176,939)
Amortization of debt discounts and debt issuance costs, net 4,168 3,465
Gains on dispositions of development properties and land, net (361,004) (249,166)
Gains on other dispositions of investments in real estate, net (143,790) (75,430)
Unrealized foreign currency and derivative gains, net (83,382) (42,904)
Losses on early extinguishment of debt, net 187,453 66,340
Deferred income tax expense 13,858 831
Decrease in accounts receivable and other assets 5,383 79,095
Decrease in accounts payable and accrued expenses and other liabilities (46,579) (16,972)
Net cash provided by operating activities 1,465,903 1,355,349
Investing activities:    
Real estate development (997,328) (977,602)
Real estate acquisitions (830,574) (560,418)
Tenant improvements and lease commissions on previously leased space (148,037) (84,884)
Property improvements (41,129) (51,456)
Proceeds from dispositions and contributions of real estate properties 1,829,576 1,257,908
Investments in and advances to unconsolidated entities (366,644) (286,846)
Return of investment from unconsolidated entities 46,135 141,489
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 (8,000) (7,031)
Net cash used in investing activities (516,001) (2,251,163)
Financing activities:    
Proceeds from issuance of common stock/units 743 1,851
Repurchase and retirement of common stock 0 (34,829)
Dividends/distributions paid on common and preferred stock/units (936,181) (861,737)
Noncontrolling interests contributions 4,361 916,974
Noncontrolling interests distributions (102,793) (185,546)
Settlement of noncontrolling interests (105,567) (42,743)
Tax paid with shares withheld (17,472) (23,133)
Debt and equity issuance costs paid (20,483) (40,979)
Net payments on credit facilities (170,230) (62,481)
Repurchase of and payments on debt (2,185,209) (4,690,444)
Proceeds from the issuance of debt 2,617,854 5,377,430
Net cash provided by (used in) financing activities (914,977) 354,363
Effect of foreign currency exchange rate changes on cash (31,565) 1,725
Net increase (decrease) in cash and cash equivalents 3,360 (539,726)
Cash and cash equivalents, beginning of period 598,086 1,088,855
Cash and cash equivalents, end of period 601,446 549,129
Prologis, L.P. [Member]    
Operating activities:    
Consolidated net earnings 1,050,006 976,102
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Straight-lined rents and amortization of above and below market leases (72,910) (52,911)
Equity-based compensation awards 58,521 59,806
Depreciation and amortization 790,311 744,165
Earnings from unconsolidated entities, net (139,468) (142,872)
Operating distributions from unconsolidated entities 196,751 182,739
Decrease (increase) in operating receivables from unconsolidated entities 6,585 (176,939)
Amortization of debt discounts and debt issuance costs, net 4,168 3,465
Gains on dispositions of development properties and land, net (361,004) (249,166)
Gains on other dispositions of investments in real estate, net (143,790) (75,430)
Unrealized foreign currency and derivative gains, net (83,382) (42,904)
Losses on early extinguishment of debt, net 187,453 66,340
Deferred income tax expense 13,858 831
Decrease in accounts receivable and other assets 5,383 79,095
Decrease in accounts payable and accrued expenses and other liabilities (46,579) (16,972)
Net cash provided by operating activities 1,465,903 1,355,349
Investing activities:    
Real estate development (997,328) (977,602)
Real estate acquisitions (830,574) (560,418)
Tenant improvements and lease commissions on previously leased space (148,037) (84,884)
Property improvements (41,129) (51,456)
Proceeds from dispositions and contributions of real estate properties 1,829,576 1,257,908
Investments in and advances to unconsolidated entities (366,644) (286,846)
Return of investment from unconsolidated entities 46,135 141,489
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 (8,000) (7,031)
Net cash used in investing activities (516,001) (2,251,163)
Financing activities:    
Proceeds from issuance of common stock/units 743 1,851
Repurchase and retirement of common stock 0 (34,829)
Dividends/distributions paid on common and preferred stock/units (967,921) (891,185)
Noncontrolling interests contributions 4,361 916,974
Noncontrolling interests distributions (71,053) (156,098)
Settlement of noncontrolling interests 0 (203)
Redemption of common limited partnership units (105,567) (42,540)
Tax paid for shares of the Parent withheld (17,472) (23,133)
Debt and equity issuance costs paid (20,483) (40,979)
Net payments on credit facilities (170,230) (62,481)
Repurchase of and payments on debt (2,185,209) (4,690,444)
Proceeds from the issuance of debt 2,617,854 5,377,430
Net cash provided by (used in) financing activities (914,977) 354,363
Effect of foreign currency exchange rate changes on cash (31,565) 1,725
Net increase (decrease) in cash and cash equivalents 3,360 (539,726)
Cash and cash equivalents, beginning of period 598,086 1,088,855
Cash and cash equivalents, end of period 601,446 549,129
Liberty Transaction [Member]    
Investing activities:    
Transaction, net of cash acquired 0 (23,463)
Liberty Transaction [Member] | Prologis, L.P. [Member]    
Investing activities:    
Transaction, net of cash acquired 0 (23,463)
IPT Transaction [Member]    
Investing activities:    
Transaction, net of cash acquired 0 (1,665,524)
IPT Transaction [Member] | Prologis, L.P. [Member]    
Investing activities:    
Transaction, net of cash acquired $ 0 $ (1,665,524)