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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:          
Net income $ 52,597 $ 79,658 $ 341,115 $ 256,267 $ 431,852
Adjustments to reconcile net income to net cash provided by operating activities:          
Gain on sale of properties     (80,049) (40,354) (169,902)
Gain on lease termination     0 0 (29,205)
Unrealized gain on marketable equity security     (1,631) 0 0
Impairment of investments in real estate     0 28,992 0
Equity in earnings of unconsolidated joint ventures     (32,979) (25,516) (17,104)
Distributions from unconsolidated joint ventures     21,905 31,747 16,755
Write-off of net assets due to early lease terminations     2,818 3,076 213
Depreciation and amortization of buildings and improvements, tenant improvements and acquired ground leases     770,275 594,996 518,716
Amortization of acquired in-place lease value, deferred leasing costs and intangibles     416,621 247,468 180,608
Amortization of share-based unearned compensation     27,159 20,521 17,433
Non-cash amortization of terminated interest rate swaps     1,120 1,204 0
Allowance for (recovery of) doubtful accounts     6,304 (776) 1,602
Amortization of deferred financing costs     11,537 10,634 9,908
Loss (gain) on early extinguishment of debt     1,568 (1,990) 1,011
Amortization of debt discount/premium     3,538 2,992 2,616
Amortization of acquired above-market leases and acquired below-market leases, net     26,530 1,770 (8,351)
Changes in assets and liabilities, net of impact of business combinations          
Accounts and other receivables     (21,318) (73,717) (13,754)
Deferred rent     (39,905) (16,564) (24,401)
Deferred leasing costs     (72,104) (15,363) 60
Other assets     (9,145) (1,800) (69,924)
Accounts payable and other accrued liabilities     39,192 (16,384) 38,432
Security deposits and prepaid rents     (27,227) 16,102 24,677
Net cash provided by operating activities     1,385,324 1,023,305 911,242
Cash flows from investing activities:          
Improvements to and advances for investments in real estate     (1,325,162) (1,150,619) (758,081)
Ascenty acquisition     (1,679,830) 0 0
Cash assumed in business combinations     116,000 20,650 0
Acquisitions of real estate, net of cash acquired     (410,712) (415,764) (873,285)
Proceeds from sale of assets, net of sales costs     286,204 89,333 359,319
Distribution of debt proceeds from closing of joint venture     0 135,793 0
Investments in unconsolidated joint ventures     (673) (93,405) 0
Excess proceeds from forward contract settlement     0 63,956 0
Prepaid construction costs and other investments     (13,254) 0 (32,095)
Improvement advances to tenants     (48,502) (50,857) (16,239)
Collection of advances from tenants for improvements     39,936 43,760 16,784
Net cash used in investing activities     (3,035,993) (1,357,153) (1,303,597)
Cash flows from financing activities:          
Borrowings on global revolving credit facility     3,046,245 2,180,556 2,533,507
Repayments on global revolving credit facility     (1,945,594) (2,304,686) (3,283,087)
Borrowings on unsecured term loans     467,922 0 766,201
Repayments on unsecured term loans     (674,332) (371,520) (170,736)
Borrowings on unsecured senior notes     1,169,006 2,265,060 675,591
Principal payments on unsecured senior notes     0 (884,841) 0
Borrowings on secured debt     600,000 104,000 0
Principal payments on secured debt     (594) (105,546) (299,826)
Repayments on other secured loans     0 (50,000) (25,000)
Earnout payments related to acquisitions     0 0 (23,213)
Payment of loan fees and costs     (44,299) (16,830) (19,574)
Capital contributions from (distributions to) noncontrolling interests in consolidated joint ventures, net     66,124 (8,593) (527)
Taxes paid related to net settlement of stock-based compensation awards     (5,055) 0 0
Proceeds from common and preferred stock offerings, net     1,194 405,437 1,085,442
Proceeds from equity plans     5,874 5,872 4,729
Redemption of preferred stock     0 (182,500) (287,500)
Proceeds from forward swap contract     1,560 0 0
Payment of dividends to preferred stockholders/unitholders     (81,316) (68,802) (83,771)
Payment of distributions to common stockholders/unitholders     (849,466) (646,407) (521,619)
Net cash provided by financing activities     1,757,269 321,200 350,617
Net increase (decrease) in cash, cash equivalents and restricted cash     106,600 (12,648) (41,738)
Effect of exchange rate changes on cash, cash equivalents and restricted cash     15,441 3,793 (11,288)
Cash, cash equivalents and restricted cash at beginning of year     13,181 22,036 75,062
Cash, cash equivalents and restricted cash at end of year 135,222 13,181 135,222 13,181 22,036
Supplemental disclosure of cash flow information:          
Cash paid for interest, net of amounts capitalized     288,643 211,549 216,713
Cash paid for income taxes     11,224 9,456 3,698
Supplementary disclosure of noncash investing and financing activities:          
Change in net assets related to foreign currency translation adjustments     (11,736) 28,709 (86,621)
Accrual of dividends and distributions     217,241 199,761 144,194
Increase (decrease) in accounts payable and other accrued liabilities related to change in fair value of interest rate swaps     8,197 (3,434) 41,998
Noncontrolling interests in operating partnership redeemed for or converted to shares of common stock     62,004 10,009 5,242
Accrual for additions to investments in real estate and tenant improvement advances included in accounts payable and accrued expenses     189,508 149,548 128,531
Assumption of capital lease obligations upon acquisition     75,030 0 118,923
Non-cash derecognition of capital lease obligation     17,294 0 0
Allocation of purchase price of real estate/investment in partnership to:          
Investments in real estate     410,712 366,105 378,431
Accounts receivable     0 0 8,537
Goodwill     0 0 448,123
Acquired above-market leases     0 21,043 0
Acquired in-place lease value and deferred leasing costs     0 30,111 226,877
Other assets     0 0 9,011
Capital lease obligations     0 0 (118,923)
Acquired below-market leases     0 (1,495) (922)
Accounts payables and other accrued liabilities     0 0 (69,084)
Security deposits and prepaid rents     0 0 (8,765)
Cash paid for acquisition of real estate     410,712 415,764 873,285
Allocation of purchase price to business combinations:          
Land 356,704 87,610 356,704 87,610  
Goodwill 4,348,007 3,389,595 4,348,007 3,389,595  
Noncontrolling interests in consolidated joint ventures (93,056) (2,243) (93,056) (2,243)  
Issuance of preferred stock in connection with merger     (1,194) (211,897) (1,085,444)
Acquisitions Through December 31, 2018          
Allocation of purchase price to business combinations:          
Cash and cash equivalents 116,000 20,650 116,000 20,650  
Land 0 312,579 0 312,579  
Buildings and improvements 425,000 3,677,497 425,000 3,677,497  
Accounts receivables and other assets 30,000 10,978 30,000 10,978  
Tenant relationship and acquired in-place lease value 495,000 1,582,385 495,000 1,582,385  
Goodwill 982,667 2,592,181 982,667 2,592,181  
Accounts payable and other accrued liabilities (90,000) (248,259) (90,000) (248,259)  
Acquired below-market leases 0 (185,543) 0 (185,543)  
Other working capital, net 0 (22,640) 0 (22,640)  
Redeemable noncontrolling interests -- operating partnership 0 (66,259) 0 (66,259)  
Noncontrolling interests in operating partnership     (253,837) (676,566)  
Noncontrolling interests in consolidated joint ventures (25,000) 0 (25,000) 0  
Digital Realty Trust, L.P.          
Cash flows from operating activities:          
Net income 52,597 79,658 341,115 256,267 431,852
Adjustments to reconcile net income to net cash provided by operating activities:          
Gain on sale of properties     (80,049) (40,354) (169,902)
Gain on lease termination     0 0 (29,205)
Unrealized gain on marketable equity security     (1,631) 0 0
Impairment of investments in real estate     0 28,992 0
Equity in earnings of unconsolidated joint ventures     (32,979) (25,516) (17,104)
Distributions from unconsolidated joint ventures     21,905 31,747 16,755
Write-off of net assets due to early lease terminations     2,818 3,076 213
Depreciation and amortization of buildings and improvements, tenant improvements and acquired ground leases     770,275 594,996 518,716
Amortization of acquired in-place lease value, deferred leasing costs and intangibles     416,621 247,468 180,608
Amortization of share-based unearned compensation     27,159 20,521 17,433
Non-cash amortization of terminated interest rate swaps     1,120 1,204 0
Allowance for (recovery of) doubtful accounts     6,304 (776) 1,602
Amortization of deferred financing costs     11,537 10,634 9,908
Loss (gain) on early extinguishment of debt     1,568 (1,990) 1,011
Amortization of debt discount/premium     3,538 2,992 2,616
Amortization of acquired above-market leases and acquired below-market leases, net     26,530 1,770 (8,351)
Changes in assets and liabilities, net of impact of business combinations          
Accounts and other receivables     (21,318) (73,717) (13,754)
Deferred rent     (39,905) (16,564) (24,401)
Deferred leasing costs     (72,104) (15,363) 60
Other assets     (9,145) (1,800) (69,924)
Accounts payable and other accrued liabilities     39,192 (16,384) 38,432
Security deposits and prepaid rents     (27,227) 16,102 24,677
Net cash provided by operating activities     1,385,324 1,023,305 911,242
Cash flows from investing activities:          
Improvements to and advances for investments in real estate     (1,325,162) (1,150,619) (758,081)
Ascenty acquisition     (1,679,830) 0 0
Cash assumed in business combinations     116,000 20,650 0
Acquisitions of real estate, net of cash acquired     (410,712) (415,764) (873,285)
Proceeds from sale of assets, net of sales costs     286,204 89,333 359,319
Distribution of debt proceeds from closing of joint venture     0 135,793 0
Investments in unconsolidated joint ventures     (673) (93,405) 0
Excess proceeds from forward contract settlement     0 63,956 0
Prepaid construction costs and other investments     (13,254) 0 (32,095)
Improvement advances to tenants     (48,502) (50,857) (16,239)
Collection of advances from tenants for improvements     39,936 43,760 16,784
Net cash used in investing activities     (3,035,993) (1,357,153) (1,303,597)
Cash flows from financing activities:          
Borrowings on global revolving credit facility     3,046,245 2,180,556 2,533,507
Repayments on global revolving credit facility     (1,945,594) (2,304,686) (3,283,087)
Borrowings on unsecured term loans     467,922 0 766,201
Repayments on unsecured term loans     (674,332) (371,520) (170,736)
Borrowings on unsecured senior notes     1,169,006 2,265,060 675,591
Principal payments on unsecured senior notes     0 (884,841) 0
Borrowings on secured debt     600,000 104,000 0
Principal payments on secured debt     (594) (105,546) (299,826)
Repayments on other secured loans     0 (50,000) (25,000)
Earnout payments related to acquisitions     0 0 (23,213)
Payment of loan fees and costs     (44,299) (16,830) (19,574)
Capital contributions from (distributions to) noncontrolling interests in consolidated joint ventures, net     66,124 (8,593) (527)
Taxes paid related to net settlement of stock-based compensation awards     (5,055) 0 0
General partner contributions     7,068 228,809 802,671
Proceeds from forward swap contract     1,560 0 0
Payment of dividends to preferred stockholders/unitholders     (81,316) (68,802) (83,771)
Payment of distributions to common stockholders/unitholders     (849,466) (646,407) (521,619)
Net cash provided by financing activities     1,757,269 321,200 350,617
Net increase (decrease) in cash, cash equivalents and restricted cash     106,600 (12,648) (41,738)
Effect of exchange rate changes on cash, cash equivalents and restricted cash     15,441 3,793 (11,288)
Cash, cash equivalents and restricted cash at beginning of year     13,181 22,036 75,062
Cash, cash equivalents and restricted cash at end of year 135,222 13,181 135,222 13,181 22,036
Supplemental disclosure of cash flow information:          
Cash paid for interest, net of amounts capitalized     288,643 211,549 216,713
Cash paid for income taxes     11,224 9,456 3,698
Supplementary disclosure of noncash investing and financing activities:          
Change in net assets related to foreign currency translation adjustments     (11,736) 28,709 (86,621)
Accrual of dividends and distributions     217,241 199,761 144,194
Increase (decrease) in accounts payable and other accrued liabilities related to change in fair value of interest rate swaps     8,197 (3,434) 41,998
Accrual for additions to investments in real estate and tenant improvement advances included in accounts payable and accrued expenses     189,508 149,548 128,531
Assumption of capital lease obligations upon acquisition     75,030 0 118,923
Non-cash derecognition of capital lease obligation     17,294 0 0
Allocation of purchase price of real estate/investment in partnership to:          
Investments in real estate     410,712 366,105 378,431
Accounts receivable     0 0 8,537
Goodwill     0 0 448,123
Acquired above-market leases     0 21,043 0
Acquired in-place lease value and deferred leasing costs     0 30,111 226,877
Other assets     0 0 9,011
Capital lease obligations     0 0 (118,923)
Acquired below-market leases     0 (1,495) (922)
Accounts payables and other accrued liabilities     0 0 (69,084)
Security deposits and prepaid rents     0 0 (8,765)
Cash paid for acquisition of real estate     410,712 415,764 873,285
Allocation of purchase price to business combinations:          
Goodwill 4,348,007 3,389,595 4,348,007 3,389,595  
Noncontrolling interests in consolidated joint ventures (93,056) (2,243) (93,056) (2,243)  
Digital Realty Trust, L.P. | Acquisitions Through December 31, 2018          
Allocation of purchase price to business combinations:          
Cash and cash equivalents 116,000 20,650 116,000 20,650  
Land 0 312,579 0 312,579  
Buildings and improvements 425,000 3,677,497 425,000 3,677,497  
Accounts receivables and other assets 30,000 10,978 30,000 10,978  
Tenant relationship and acquired in-place lease value 495,000 1,582,385 495,000 1,582,385  
Goodwill 982,667 2,592,181 982,667 2,592,181  
Accounts payable and other accrued liabilities (90,000) (248,259) (90,000) (248,259)  
Acquired below-market leases 0 (185,543) 0 (185,543)  
Other working capital, net 0 (22,640) 0 (22,640)  
Redeemable noncontrolling interests -- operating partnership 0 (66,259) 0 (66,259)  
Noncontrolling interests in consolidated joint ventures (25,000) 0 (25,000) 0  
Total Stockholders’ Equity          
Cash flows from operating activities:          
Net income       248,259 426,187
Allocation of purchase price to business combinations:          
Issuance of preferred stock in connection with merger     (1,194) (211,897) $ (1,085,444)
Total Stockholders’ Equity | Acquisitions Through December 31, 2018          
Allocation of purchase price to business combinations:          
Common stock issued in connection with merger     0 (5,247,558)  
Total Stockholders’ Equity | Digital Realty Trust, L.P. | Acquisitions Through December 31, 2018          
Allocation of purchase price to business combinations:          
Common stock issued in connection with merger     0 (5,247,558)  
Common Unit | Digital Realty Trust, L.P. | Acquisitions Through December 31, 2018          
Allocation of purchase price to business combinations:          
Common stock issued in connection with merger     (253,837) (676,566)  
Preferred Stock | Series C Preferred Stock and Unit | Acquisitions Through December 31, 2018          
Allocation of purchase price to business combinations:          
Issuance of preferred stock in connection with merger     0 (219,250)  
Cash consideration     1,679,830 0  
Preferred Stock | Series C Preferred Stock and Unit | Digital Realty Trust, L.P. | Acquisitions Through December 31, 2018          
Allocation of purchase price to business combinations:          
Cash consideration     1,679,830 0  
Series C Preferred Units | Digital Realty Trust, L.P. | Acquisitions Through December 31, 2018          
Allocation of purchase price to business combinations:          
Issuance of preferred stock in connection with merger     0 (219,250)  
Global revolving credit facilities | Acquisitions Through December 31, 2018          
Allocation of purchase price to business combinations:          
Long term debt 0 (450,697) 0 (450,697)  
Global revolving credit facilities | Digital Realty Trust, L.P. | Acquisitions Through December 31, 2018          
Allocation of purchase price to business combinations:          
Long term debt 0 (450,697) 0 (450,697)  
Unsecured term loan | Acquisitions Through December 31, 2018          
Allocation of purchase price to business combinations:          
Long term debt 0 (250,000) 0 (250,000)  
Unsecured term loan | Digital Realty Trust, L.P. | Acquisitions Through December 31, 2018          
Allocation of purchase price to business combinations:          
Long term debt 0 (250,000) 0 (250,000)  
Senior notes | Acquisitions Through December 31, 2018          
Allocation of purchase price to business combinations:          
Long term debt 0 (886,831) 0 (886,831)  
Senior notes | Digital Realty Trust, L.P. | Acquisitions Through December 31, 2018          
Allocation of purchase price to business combinations:          
Long term debt 0 (886,831) 0 (886,831)  
Mortgage loans | Acquisitions Through December 31, 2018          
Allocation of purchase price to business combinations:          
Long term debt 0 (105,000) 0 (105,000)  
Mortgage loans | Digital Realty Trust, L.P. | Acquisitions Through December 31, 2018          
Allocation of purchase price to business combinations:          
Long term debt 0 (105,000) 0 (105,000)  
Acquired above-market leases | Acquisitions Through December 31, 2018          
Allocation of purchase price to business combinations:          
Acquired above-market leases 0 162,333 0 162,333  
Acquired above-market leases | Digital Realty Trust, L.P. | Acquisitions Through December 31, 2018          
Allocation of purchase price to business combinations:          
Acquired above-market leases $ 0 $ 162,333 $ 0 162,333  
Corporate Joint Venture          
Contribution of assets and liabilities to unconsolidated joint venture:          
Investments in real estate       119,106  
Other assets       16,700  
Other liabilities       (31,634)  
Corporate Joint Venture | Digital Realty Trust, L.P.          
Contribution of assets and liabilities to unconsolidated joint venture:          
Investments in real estate       119,106  
Other assets       16,700  
Other liabilities       $ (31,634)