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Consolidated Statements of Cash Flows(Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating activities:    
Consolidated net earnings $ 1,219,722 $ 399,693
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Straight-lined rents and amortization of above and below market leases (37,374) (36,658)
Equity-based compensation awards 41,429 34,575
Depreciation and amortization 396,647 397,575
Earnings from unconsolidated entities, net (76,962) (67,049)
Operating distributions from unconsolidated entities 95,665 115,957
Decrease (increase) in operating receivables from unconsolidated entities (819) 4,284
Amortization of debt discounts and debt issuance costs, net 1,980 2,091
Gains on dispositions of development properties and land, net (210,206) (173,643)
Gains on other dispositions of investments in real estate, net (584,835) (16,623)
Unrealized foreign currency and derivative gains, net (33,273) (81,726)
Losses on early extinguishment of debt, net 18,165 187,453
Deferred income tax expense 7,492 1,162
Decrease in accounts receivable and other assets 107,702 68,398
Decrease in accounts payable and accrued expenses and other liabilities (103,806) (18,795)
Net cash provided by operating activities 841,527 816,694
Investing activities:    
Real estate development (639,636) (422,399)
Real estate acquisitions (451,343) (226,450)
Tenant improvements and lease commissions on previously leased space (85,024) (71,140)
Property improvements (18,280) (8,071)
Proceeds from dispositions and contributions of real estate 1,495,260 727,609
Investments in and advances to unconsolidated entities (34,811) (141,764)
Return of investment from unconsolidated entities 14,302 37,632
Proceeds from the settlement of net investment hedges 3,732 0
Payments on the settlement of net investment hedges (771) (2,511)
Net cash provided by (used in) investing activities 283,429 (107,094)
Financing activities:    
Proceeds from issuance of common stock/units 0 709
Dividends/distributions paid on common and preferred stock/units (587,382) (468,000)
Noncontrolling interests contributions 434 120
Noncontrolling interests distributions (129,542) (47,714)
Settlement of noncontrolling interests (26,269) (31,372)
Tax paid with shares withheld (22,602) (16,955)
Debt and equity issuance costs paid (8,058) (11,661)
Net payments on credit facilities (492,552) (115,274)
Repurchase of and payments on debt (332,995) (1,931,983)
Proceeds from the issuance of debt 1,841,450 2,029,817
Net cash provided by (used in) financing activities 242,484 (592,313)
Effect of foreign currency exchange rate changes on cash (10,807) (39,299)
Net increase in cash and cash equivalents 1,356,633 77,988
Cash and cash equivalents, beginning of period 556,117 598,086
Cash and cash equivalents, end of period 1,912,750 676,074
Prologis, L.P. [Member]    
Operating activities:    
Consolidated net earnings 1,219,722 399,693
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Straight-lined rents and amortization of above and below market leases (37,374) (36,658)
Equity-based compensation awards 41,429 34,575
Depreciation and amortization 396,647 397,575
Earnings from unconsolidated entities, net (76,962) (67,049)
Operating distributions from unconsolidated entities 95,665 115,957
Decrease (increase) in operating receivables from unconsolidated entities (819) 4,284
Amortization of debt discounts and debt issuance costs, net 1,980 2,091
Gains on dispositions of development properties and land, net (210,206) (173,643)
Gains on other dispositions of investments in real estate, net (584,835) (16,623)
Unrealized foreign currency and derivative gains, net (33,273) (81,726)
Losses on early extinguishment of debt, net 18,165 187,453
Deferred income tax expense 7,492 1,162
Decrease in accounts receivable and other assets 107,702 68,398
Decrease in accounts payable and accrued expenses and other liabilities (103,806) (18,795)
Net cash provided by operating activities 841,527 816,694
Investing activities:    
Real estate development (639,636) (422,399)
Real estate acquisitions (451,343) (226,450)
Tenant improvements and lease commissions on previously leased space (85,024) (71,140)
Property improvements (18,280) (8,071)
Proceeds from dispositions and contributions of real estate 1,495,260 727,609
Investments in and advances to unconsolidated entities (34,811) (141,764)
Return of investment from unconsolidated entities 14,302 37,632
Proceeds from the settlement of net investment hedges 3,732 0
Payments on the settlement of net investment hedges (771) (2,511)
Net cash provided by (used in) investing activities 283,429 (107,094)
Financing activities:    
Proceeds from issuance of common stock/units 0 709
Dividends/distributions paid on common and preferred stock/units (606,181) (483,928)
Noncontrolling interests contributions 434 120
Noncontrolling interests distributions (110,743) (31,786)
Redemption of common limited partnership units (26,269) (31,372)
Tax paid for shares of the Parent withheld (22,602) (16,955)
Debt and equity issuance costs paid (8,058) (11,661)
Net payments on credit facilities (492,552) (115,274)
Repurchase of and payments on debt (332,995) (1,931,983)
Proceeds from the issuance of debt 1,841,450 2,029,817
Net cash provided by (used in) financing activities 242,484 (592,313)
Effect of foreign currency exchange rate changes on cash (10,807) (39,299)
Net increase in cash and cash equivalents 1,356,633 77,988
Cash and cash equivalents, beginning of period 556,117 598,086
Cash and cash equivalents, end of period $ 1,912,750 $ 676,074