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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating activities:      
Consolidated net earnings $ 3,148,590 $ 1,616,630 $ 1,701,846
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Straight-lined rents and amortization of above and below market leases (148,239) (126,328) (98,426)
Equity-based compensation awards 113,028 109,831 97,557
Depreciation and amortization 1,577,942 1,561,969 1,139,879
Earnings from unconsolidated entities, net (404,255) (297,370) (200,178)
Operating distributions from unconsolidated entities 440,034 450,622 346,517
Decrease (increase) in operating receivables from unconsolidated entities (14,223) 14,670 11,557
Amortization of debt discounts and debt issuance costs, net 8,656 7,859 17,006
Gains on dispositions of development properties and land, net (817,017) (464,942) (467,577)
Gains on other dispositions of investments in real estate, net (772,570) (252,195) (390,241)
Unrealized foreign currency and derivative losses (gains), net (173,026) 160,739 70,693
Losses on early extinguishment of debt, net 187,453 188,290 16,126
Deferred income tax expense 1,322 744 12,221
Increase in accounts receivable and other assets (328,511) (127,619) (108,165)
Increase in accounts payable and accrued expenses and other liabilities 176,858 94,105 115,219
Net cash provided by operating activities 2,996,042 2,937,005 2,264,034
Investing activities:      
Real estate development (2,639,872) (1,920,218) (1,795,137)
Real estate acquisitions (2,320,448) (1,239,034) (1,006,043)
Tenant improvements and lease commissions on previously leased space (329,059) (221,491) (179,274)
Property improvements (169,933) (149,491) (143,029)
Proceeds from dispositions and contributions of real estate 4,222,290 2,281,940 2,331,623
Investments in and advances to unconsolidated entities (798,103) (385,936) (276,169)
Return of investment from unconsolidated entities 58,275 257,065 389,463
Proceeds from repayment of notes receivable backed by real estate 0 4,312 0
Proceeds from the settlement of net investment hedges 3,305 2,352 23,640
Payments on the settlement of net investment hedges (16,513) (9,034) (30,424)
Net cash used in investing activities (1,990,058) (3,074,330) (685,350)
Financing activities:      
Proceeds from issuance of common stock/units 743 2,217 6,082
Repurchase and retirement of common stock 0 (34,829) 0
Repurchase of preferred stock 0 (7,200) 0
Dividends/distributions paid on common and preferred stock/units (1,872,861) (1,722,989) (1,345,660)
Noncontrolling interests contributions 74,404 917,092 11,604
Noncontrolling interests distributions (375,054) (361,636) (164,419)
Settlement of noncontrolling interests (153,236) (116,978) (109,811)
Tax paid with shares withheld (19,855) (24,887) (22,434)
Debt and equity issuance costs paid (23,318) (54,204) (17,656)
Net proceeds from (payments on) credit facilities 323,336 (10,959) 127,566
Repurchase of and payments on debt (2,560,174) (6,782,306) (3,301,827)
Proceeds from the issuance of debt 3,597,690 7,824,517 3,976,956
Net cash used in financing activities (1,008,325) (372,162) (839,599)
Net cash used in financing activities (1,008,325) (372,162) (839,599)
Effect of foreign currency exchange rate changes on cash (39,628) 18,718 5,914
Net increase (decrease) in cash and cash equivalents (41,969) (490,769) 744,999
Cash and cash equivalents, beginning of year 598,086 1,088,855 343,856
Cash and cash equivalents, end of year 556,117 598,086 1,088,855
Prologis, L.P. [Member]      
Operating activities:      
Consolidated net earnings 3,148,590 1,616,630 1,701,846
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Straight-lined rents and amortization of above and below market leases (148,239) (126,328) (98,426)
Equity-based compensation awards 113,028 109,831 97,557
Depreciation and amortization 1,577,942 1,561,969 1,139,879
Earnings from unconsolidated entities, net (404,255) (297,370) (200,178)
Operating distributions from unconsolidated entities 440,034 450,622 346,517
Decrease (increase) in operating receivables from unconsolidated entities (14,223) 14,670 11,557
Amortization of debt discounts and debt issuance costs, net 8,656 7,859 17,006
Gains on dispositions of development properties and land, net (817,017) (464,942) (467,577)
Gains on other dispositions of investments in real estate, net (772,570) (252,195) (390,241)
Unrealized foreign currency and derivative losses (gains), net (173,026) 160,739 70,693
Losses on early extinguishment of debt, net 187,453 188,290 16,126
Deferred income tax expense 1,322 744 12,221
Increase in accounts receivable and other assets (328,511) (127,619) (108,165)
Increase in accounts payable and accrued expenses and other liabilities 176,858 94,105 115,219
Net cash provided by operating activities 2,996,042 2,937,005 2,264,034
Investing activities:      
Real estate development (2,639,872) (1,920,218) (1,795,137)
Real estate acquisitions (2,320,448) (1,239,034) (1,006,043)
Tenant improvements and lease commissions on previously leased space (329,059) (221,491) (179,274)
Property improvements (169,933) (149,491) (143,029)
Proceeds from dispositions and contributions of real estate 4,222,290 2,281,940 2,331,623
Investments in and advances to unconsolidated entities (798,103) (385,936) (276,169)
Return of investment from unconsolidated entities 58,275 257,065 389,463
Proceeds from repayment of notes receivable backed by real estate 0 4,312 0
Proceeds from the settlement of net investment hedges 3,305 2,352 23,640
Payments on the settlement of net investment hedges (16,513) (9,034) (30,424)
Net cash used in investing activities (1,990,058) (3,074,330) (685,350)
Financing activities:      
Proceeds from issuance of common stock/units 743 2,217 6,082
Repurchase and retirement of common stock 0 (34,829) 0
Repurchase of preferred stock 0 (7,200) 0
Dividends/distributions paid on common and preferred stock/units (1,935,381) (1,781,482) (1,396,051)
Noncontrolling interests contributions 74,404 917,092 11,604
Noncontrolling interests distributions (312,534) (303,143) (114,028)
Settlement of noncontrolling interests 0 0 (22,471)
Redemption of common limited partnership units 153,236 116,978 87,340
Tax paid for shares of the Parent withheld (19,855) (24,887) (22,434)
Debt and equity issuance costs paid (23,318) (54,204) (17,656)
Net proceeds from (payments on) credit facilities 323,336 (10,959) 127,566
Repurchase of and payments on debt (2,560,174) (6,782,306) (3,301,827)
Proceeds from the issuance of debt 3,597,690 7,824,517 3,976,956
Redemption of common limited partnership units (153,236) (116,978) (87,340)
Net cash used in financing activities (1,008,325) (372,162) (839,599)
Net cash used in financing activities (1,008,325) (372,162) (839,599)
Effect of foreign currency exchange rate changes on cash (39,628) 18,718 5,914
Net increase (decrease) in cash and cash equivalents (41,969) (490,769) 744,999
Cash and cash equivalents, beginning of year 598,086 1,088,855 343,856
Cash and cash equivalents, end of year 556,117 598,086 1,088,855
Liberty Transaction [Member]      
Investing activities:      
Transaction, net of cash acquired 0 (29,436) 0
Liberty Transaction [Member] | Prologis, L.P. [Member]      
Investing activities:      
Transaction, net of cash acquired 0 (29,436) 0
IPT Transaction [Member]      
Investing activities:      
Transaction, net of cash acquired 0 (1,665,359) 0
IPT Transaction [Member] | Prologis, L.P. [Member]      
Investing activities:      
Transaction, net of cash acquired $ 0 $ (1,665,359) $ 0