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Consolidated Statements of Cash Flows
$ in Thousands
12 Months Ended
Dec. 31, 2017
USD ($)
Dec. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
Cash flows from operating activities:      
Net income $ 256,267 $ 431,852 $ 301,591
Adjustments to reconcile net income to net cash provided by operating activities:      
Gain on sale of properties (40,354) (169,902) (94,604)
Gain on lease termination 0 (29,205) 0
Impairment of investments in real estate 28,992 0 0
Equity in earnings of unconsolidated joint ventures (25,516) (17,104) (15,491)
Change in fair value of contingent consideration 0 0 (44,276)
Distributions from unconsolidated joint ventures 31,747 16,755 14,947
Write-off of net assets due to early lease terminations 3,076 213 75,263
Gain on settlement of pre-existing relationships with Telx 0 0 (14,355)
Depreciation and amortization of buildings and improvements, tenant improvements and acquired ground leases 594,996 518,716 464,694
Amortization of acquired in-place lease value and deferred leasing costs 247,468 180,608 105,833
Amortization of share-based unearned compensation 20,521 17,433 6,360
Non-cash amortization of terminated swaps 1,204 0 0
(Recovery of) allowance for doubtful accounts (776) 1,602 (458)
Amortization of deferred financing costs 10,634 9,908 8,481
(Gain) loss on early extinguishment of debt (1,990) 1,011 148
Amortization of debt discount/premium 2,992 2,616 2,032
Amortization of acquired above-market leases and acquired below-market leases 1,770 (8,351) (9,336)
Changes in assets and liabilities, net of impact of Telx acquisition and European portfolio acquisition      
Accounts and other receivables (73,717) (13,754) (10,127)
Deferred rent (16,564) (24,401) (48,404)
Deferred leasing costs (15,363) 60 (11,688)
Other assets (1,800) (69,924) (2,928)
Accounts payable and other accrued liabilities (16,384) 38,432 36,113
Security deposits and prepaid rents 16,102 24,677 33,045
Net cash provided by operating activities 1,023,305 911,242 796,840
Cash flows from investing activities:      
Telx acquisition, net of cash acquired 0 0 (1,850,061)
Cash assumed in DFT merger 20,650 0 0
Acquisitions of real estate, net of cash acquired (415,764) (873,285) (99,247)
Proceeds from sale of assets, net of sales costs 89,333 359,319 185,565
Distribution of debt proceeds from closing of joint venture 135,793 0 0
Investments in unconsolidated joint ventures (93,405) 0 (10,797)
Excess proceeds from forward contract settlement 63,956 0 0
Receipt of value added tax refund 0 11,624 17,570
Refundable value added tax paid 0 (43,719) (30,322)
Improvements to and advances for investments in real estate (1,150,619) (758,081) (737,180)
Improvement advances to tenants (50,857) (16,239) (40,553)
Collection of advances from tenants for improvements 43,760 16,784 37,524
Net cash used in investing activities (1,357,153) (1,303,597) (2,527,501)
Cash flows from financing activities:      
Borrowings on global revolving credit facility 2,180,556 2,533,507 2,436,032
Repayments on global revolving credit facility (2,304,686) (3,283,087) (1,958,025)
Borrowings on unsecured term loans 0 766,201 0
Repayments on unsecured term loans (371,520) (170,736) 0
Borrowings on unsecured senior notes 2,265,060 675,591 1,445,127
Principal payments on unsecured senior notes (884,841) 0 (374,927)
Repayments on other secured loans 50,000 25,000 67,000
Borrowings on mortgage loans 104,000 0 0
Principal payments on mortgage loans (105,546) (299,826) (75,492)
Earnout payments related to acquisitions 0 (23,213) (12,985)
Payment of loan fees and costs (16,830) (19,574) (13,488)
Capital distributions to noncontrolling interests in consolidated joint ventures (8,593) (527) (493)
Proceeds from common and preferred stock offerings, net 405,437 1,085,442 918,944
Proceeds from equity plans 5,872 4,729 896
Redemption of preferred stock (182,500) (287,500) 0
Payment of dividends to preferred stockholders/unitholders (68,802) (83,771) (79,423)
Payment of distributions to common stockholders/unitholders (646,407) (521,619) (468,635)
Net cash provided by financing activities 321,200 350,617 1,750,531
Net (decrease) increase in cash, cash equivalents and restricted cash (12,648) (41,738) 19,870
Effect of exchange rate changes on cash, cash equivalents and restricted cash 3,793 (11,288) 2,316
Cash, cash equivalents and restricted cash at beginning of period 22,036 75,062 52,876
Cash, cash equivalents and restricted cash at end of period 13,181 22,036 75,062
Supplemental disclosure of cash flow information:      
Cash paid for interest, net of amounts capitalized 211,549 216,713 180,141
Cash paid for income taxes 9,456 3,698 3,122
Supplementary disclosure of noncash investing and financing activities:      
Change in net assets related to foreign currency translation adjustments 28,709 (86,621) (51,745)
Accrual of dividends and distributions 199,761 144,194 126,925
(Decrease) increase in accounts payable and other accrued liabilities related to change in fair value of interest rate swaps (3,434) 41,998 (3,407)
Noncontrolling interests in operating partnership redeemed for or converted to shares of common stock 10,009 5,242 1,843
Accrual for additions to investments in real estate and tenant improvement advances included in accounts payable and accrued expenses 149,548 128,531 109,394
Accrual for potential earnout contingency 0 0 19,364
Assumption of capital lease obligations upon acquisition 0 118,923 63,692
Note receivable related to sale of property 0 0 9,000
Allocation of purchase price of real estate/investment in partnership to:      
Investments in real estate 366,105 378,431 99,247
Accounts receivable 0 8,537 0
Goodwill 0 448,123 0
Acquired above-market leases 21,043 0 0
Acquired in-place lease value and deferred leasing costs 30,111 226,877 0
Other assets 0 9,011 0
Capital lease obligations 0 (118,923) 0
Acquired below-market leases (1,495) (922) 0
Accounts payables and other accrued liabilities 0 (69,084) 0
Security deposits and prepaid rents 0 (8,765) 0
Cash paid for acquisition of real estate 415,764 873,285 99,247
Land 87,610    
Goodwill 3,389,595 752,970  
Common stock issued in connection with merger (5,924,124)    
Issuance of preferred stock in connection with merger (211,897) (1,085,444) (675,577)
Digital Realty Trust, L.P.      
Cash flows from operating activities:      
Net income 256,267 431,852 300,226
Adjustments to reconcile net income to net cash provided by operating activities:      
Gain on sale of properties (40,354) (169,902) (94,604)
Gain on lease termination 0 (29,205) 0
Impairment of investments in real estate 28,992 0 0
Equity in earnings of unconsolidated joint ventures (25,516) (17,104) (15,491)
Change in fair value of contingent consideration 0 0 (44,276)
Distributions from unconsolidated joint ventures 31,747 16,755 14,947
Write-off of net assets due to early lease terminations 3,076 213 75,263
Gain on settlement of pre-existing relationships with Telx 0 0 (14,355)
Depreciation and amortization of buildings and improvements, tenant improvements and acquired ground leases 594,996 518,716 464,694
Amortization of acquired in-place lease value and deferred leasing costs 247,468 180,608 105,833
Amortization of share-based unearned compensation 20,521 17,433 6,360
Non-cash amortization of terminated swaps 1,204 0 0
(Recovery of) allowance for doubtful accounts (776) 1,602 (458)
Amortization of deferred financing costs 10,634 9,908 8,481
(Gain) loss on early extinguishment of debt (1,990) 1,011 148
Amortization of debt discount/premium 2,992 2,616 2,032
Amortization of acquired above-market leases and acquired below-market leases 1,770 (8,351) (9,336)
Changes in assets and liabilities, net of impact of Telx acquisition and European portfolio acquisition      
Accounts and other receivables (73,717) (13,754) (10,127)
Deferred rent (16,564) (24,401) (48,404)
Deferred leasing costs (15,363) 60 (11,688)
Other assets (1,800) (69,924) (2,928)
Accounts payable and other accrued liabilities (16,384) 38,432 37,478
Security deposits and prepaid rents 16,102 24,677 33,045
Net cash provided by operating activities 1,023,305 911,242 796,840
Cash flows from investing activities:      
Telx acquisition, net of cash acquired 0 0 (1,850,061)
Cash assumed in DFT merger 20,650 0 0
Acquisitions of real estate, net of cash acquired (415,764) (873,285) (99,247)
Proceeds from sale of assets, net of sales costs 89,333 359,319 185,565
Distribution of debt proceeds from closing of joint venture 135,793 0 0
Investments in unconsolidated joint ventures (93,405) 0 (10,797)
Excess proceeds from forward contract settlement 63,956 0 0
Receipt of value added tax refund 0 11,624 17,570
Refundable value added tax paid 0 (43,719) (30,322)
Improvements to and advances for investments in real estate (1,150,619) (758,081) (737,180)
Improvement advances to tenants (50,857) (16,239) (40,553)
Collection of advances from tenants for improvements 43,760 16,784 37,524
Net cash used in investing activities (1,357,153) (1,303,597) (2,527,501)
Cash flows from financing activities:      
Borrowings on global revolving credit facility 2,180,556 2,533,507 2,436,032
Repayments on global revolving credit facility (2,304,686) (3,283,087) (1,958,025)
Borrowings on unsecured term loans 0 766,201 0
Repayments on unsecured term loans (371,520) (170,736) 0
Borrowings on unsecured senior notes 2,265,060 675,591 1,445,127
Principal payments on unsecured senior notes (884,841) 0 (374,927)
Repayments on other secured loans 50,000 25,000 67,000
Borrowings on mortgage loans 104,000 0 0
Principal payments on mortgage loans (105,546) (299,826) (75,492)
Earnout payments related to acquisitions 0 (23,213) (12,985)
Payment of loan fees and costs (16,830) (19,574) (13,488)
Capital distributions to noncontrolling interests in consolidated joint ventures (8,593) (527) (493)
General partner contributions 228,809 802,671 919,840
Preferred unit offering costs   (2)  
Payment of dividends to preferred stockholders/unitholders (68,802) (83,771) (79,423)
Payment of distributions to common stockholders/unitholders (646,407) (521,619) (468,635)
Net cash provided by financing activities 321,200 350,617 1,750,531
Net (decrease) increase in cash, cash equivalents and restricted cash (12,648) (41,738) 19,870
Effect of exchange rate changes on cash, cash equivalents and restricted cash 3,793 (11,288) 2,316
Cash, cash equivalents and restricted cash at beginning of period 22,036 75,062 52,876
Cash, cash equivalents and restricted cash at end of period 13,181 22,036 75,062
Supplemental disclosure of cash flow information:      
Cash paid for interest, net of amounts capitalized 211,549 216,713 180,141
Cash paid for income taxes 9,456 3,698 3,122
Supplementary disclosure of noncash investing and financing activities:      
Change in net assets related to foreign currency translation adjustments 28,709 (86,621) (51,745)
Accrual of dividends and distributions 199,761 144,194 126,925
(Decrease) increase in accounts payable and other accrued liabilities related to change in fair value of interest rate swaps (3,434) 41,998 (3,407)
Accrual for additions to investments in real estate and tenant improvement advances included in accounts payable and accrued expenses 149,548 128,531 109,394
Accrual for potential earnout contingency 0 0 19,364
Assumption of capital lease obligations upon acquisition 0 118,923 63,692
Note receivable related to sale of property 0 0 9,000
Allocation of purchase price of real estate/investment in partnership to:      
Investments in real estate 366,105 378,431 99,247
Accounts receivable 0 8,537 0
Goodwill 0 448,123 0
Acquired above-market leases 21,043 0 0
Acquired in-place lease value and deferred leasing costs 30,111 226,877 0
Other assets 0 9,011 0
Capital lease obligations 0 (118,923) 0
Acquired below-market leases (1,495) (922) 0
Accounts payables and other accrued liabilities 0 (69,084) 0
Security deposits and prepaid rents 0 (8,765) 0
Cash paid for acquisition of real estate 415,764 873,285 99,247
Goodwill 3,389,595 752,970  
Common stock issued in connection with merger (5,924,124)    
Issuance of preferred stock in connection with merger (219,250)   (242,014)
DFT Company      
Allocation of purchase price of real estate/investment in partnership to:      
Goodwill 2,592,146 0  
Issuance of preferred stock in connection with merger (219,250)    
Total Stockholders’ Equity      
Cash flows from operating activities:      
Net income 248,259 426,187 296,689
Allocation of purchase price of real estate/investment in partnership to:      
Common stock issued in connection with merger (5,247,558)    
Issuance of preferred stock in connection with merger (211,897) $ (1,085,444) $ (675,577)
Total Stockholders’ Equity | DFT Company      
Allocation of purchase price of real estate/investment in partnership to:      
Issuance of preferred stock in connection with merger $ (219,250)