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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:          
Net income $ 349,326 $ 52,597 $ 599,221 $ 341,115 $ 256,267
Adjustments to reconcile net income to net cash provided by operating activities:          
Gain on disposition of properties, net     (335,148) (80,049) (40,354)
Unrealized gain on equity investment     (46,492) (1,631) 0
Impairment of investments in real estate     5,351 0 28,992
Equity in earnings of unconsolidated joint ventures     (8,067) (32,979) (25,516)
Distributions from unconsolidated joint ventures     44,293 21,905 31,747
Write-off due to early lease terminations     11,400 2,818 3,076
Depreciation and amortization of buildings and improvements, tenant improvements and acquired ground leases     809,472 770,275 594,996
Amortization of acquired in-place lease value and deferred leasing costs     354,302 416,621 247,468
Amortization of share-based compensation     34,905 27,159 20,521
Non-cash amortization of terminated swaps     1,047 1,120 1,204
(Recovery of) allowance for doubtful accounts     2,159 6,304 (776)
Amortization of deferred financing costs     13,362 11,537 10,634
Loss (gain) from early extinguishment of debt     39,157 1,568 (1,990)
Amortization of debt discount/premium     2,260 3,538 2,992
Amortization of acquired above-market leases and acquired below-market leases, net     17,097 26,530 1,770
Changes in assets and liabilities:          
Accounts and other receivables     (8,435) (21,318) (73,717)
Deferred rent     (47,858) (39,905) (16,564)
Deferred leasing costs     (31,270) (72,104) (15,363)
Other assets     (15,599) (9,145) (1,800)
Accounts payable, operating lease liabilities and other accrued liabilities     68,155 39,192 (16,384)
Security deposits and prepaid rents     4,505 (27,227) 16,102
Net cash provided by operating activities     1,513,817 1,385,324 1,023,305
Cash flows from investing activities:          
Improvements to investments in real estate     (1,436,902) (1,325,162) (1,150,619)
Ascenty acquisition     0 1,679,830 0
Deconsolidation of Ascenty cash     (97,081) 0 0
Proceeds from the joint venture transactions     1,494,881 0 0
Deposits paid for acquisitions of real estate     (18,075) 0 0
Cash assumed in business combinations     0 116,000 20,650
Acquisitions of real estate     (75,704) (410,712) (415,764)
Proceeds from sale of assets, net of sales costs     0 286,204 89,333
Distribution of debt proceeds from closing of joint venture     0 0 135,793
Contributions to unconsolidated joint ventures     (101,101) (673) (93,405)
Excess proceeds from forward contract settlement     0 0 63,956
Prepaid construction costs and other investments     (2,597) (13,254) 0
Improvement advances to tenants     (66,078) (48,502) (50,857)
Collection of improvement advances to tenants     27,665 39,936 43,760
Net cash used in investing activities     (274,992) (3,035,993) (1,357,153)
Cash flows from financing activities:          
Borrowings on global revolving credit facilities     3,099,685 3,046,245 2,180,556
Repayments on global revolving credit facilities     (4,512,073) (1,945,594) (2,304,686)
Borrowings on unsecured term loans     0 467,922 0
Repayments on unsecured term loans     (375,000) (674,332) (371,520)
Borrowings on unsecured senior notes     2,869,240 1,169,006 2,265,060
Repayments on unsecured senior notes     (1,539,613) 0 0
Principal payments on unsecured senior notes     0 0 884,841
Borrowings on secured debt     0 600,000 104,000
Principal payments on secured debt     (688) (594) (105,546)
Repayments on other secured loans     0 0 50,000
Payment of loan fees and costs     (20,944) (44,299) (16,830)
Premium paid for early extinguishment of debt     (35,067) 0 0
Capital contributions from (distributions to) noncontrolling interests in consolidated joint ventures, net     63,173 66,124 (8,593)
Taxes paid related to net settlement of stock-based compensation awards     0 (5,055) 0
Proceeds from common and preferred stock offerings, net     535,620 1,194 405,437
Redemption of preferred stock     (365,050) 0 (182,500)
Proceeds from equity plans     5,462 5,874 5,872
Proceeds from forward swap contract     0 1,560 0
Payment of dividends to preferred stockholders     (74,990) (81,316) (68,802)
Payment of dividends to common stockholders and distributions to noncontrolling interests in operating partnership     (921,776) (849,466) (646,407)
Net cash (used in) provided by financing activities     (1,272,021) 1,757,269 321,200
Net (decrease) increase in cash, cash equivalents and restricted cash     (33,196) 106,600 (12,648)
Effect of exchange rate changes on cash, cash equivalents and restricted cash     (4,773) 15,441 3,793
Cash, cash equivalents and restricted cash at beginning of period     135,222 13,181 22,036
Cash, cash equivalents and restricted cash at end of period 97,253 135,222 97,253 135,222 13,181
Supplemental disclosure of cash flow information:          
Cash paid for interest, net of amounts capitalized     312,848 288,643 211,549
Cash paid for income taxes     14,607 11,224 9,456
Operating cash paid used in the measurement of operating lease liabilities     89,980 0  
Supplementary disclosure of noncash investing and financing activities:          
Noncontrolling interests in operating partnership converted to shares of common stock     190,514 62,004 10,009
Accrual for additions to investments in real estate and tenant improvement advances included in accounts payable and accrued expenses     197,665 189,508 149,548
Assumption of capital lease obligations upon acquisition       75,030  
Non-cash derecognition of capital lease obligation     0 17,294 0
Decrease to goodwill and deferred tax liability (classified within accounts payable and other accrued liabilities)     (9,436) 0  
Allocation of purchase price of real estate/investment in partnership to:          
Investments in real estate     (74,903) (410,712) (366,105)
Accounts receivables     (76) 0 0
Acquired above-market leases     0 0 21,043
Acquired in-place lease value and deferred leasing costs     725 0 30,111
Acquired below-market leases     0 0 1,495
Cash paid for acquisition of real estate     75,704 410,712 415,764
Allocation of purchase price to business combinations:          
Land 72,027 356,704 72,027 356,704  
Goodwill 3,363,070 4,348,007 3,363,070 4,348,007 3,389,595
Noncontrolling interests in consolidated joint ventures 20,625 93,056 20,625 93,056  
Issuance of preferred stock in connection with merger         211,897
Contribution of assets and liabilities to unconsolidated joint venture:          
Net carrying value of assets and liabilities contributed to joint ventures     722,442 0 104,172
Recognition of retained investment in unconsolidated joint ventures 196,547 0 196,547 0 55,746
Deconsolidation of Ascenty and consolidated joint venture:          
Investment in real estate (15,517,684) (15,079,726) (15,517,684) (15,079,726)  
Account receivables (305,501) (299,621) (305,501) (299,621)  
Acquired in-place lease value, deferred leasing costs and intangibles (2,195,324) (3,144,395) (2,195,324) (3,144,395)  
Goodwill (3,363,070) (4,348,007) (3,363,070) (4,348,007) (3,389,595)
Other assets (184,561) (185,239) (184,561) (185,239)  
Secured debt 104,934 685,714 104,934 685,714  
Accounts payable and other accrued liabilities 1,007,761 1,164,509 1,007,761 1,164,509  
Non-controlling interest in consolidated joint venture 1,287,109 175,108 1,287,109 175,108 163,477
Accumulated other comprehensive loss, net (87,922) (115,647) (87,922) (115,647)  
Deconsolidation of cash and cash equivalents     (97,081) 0 0
Recognition of retained investment in unconsolidated joint ventures 196,547 0 196,547 0 55,746
Acquisitions Through December 31, 2018          
Allocation of purchase price to business combinations:          
Cash and cash equivalents   116,000   116,000 20,650
Land 0 0 0 0 312,579
Buildings and improvements   425,000   425,000 3,677,497
Accounts receivables and other assets   30,000   30,000 10,978
Tenant relationship and acquired in-place lease value   495,000   495,000 1,582,385
Goodwill   982,667   982,667 2,592,181
Accounts payable and other accrued liabilities   90,000   90,000 248,259
Acquired below-market leases 0 0 0 0 (185,543)
Other working capital, net 0 0 0 0 (22,640)
Redeemable noncontrolling interests -- operating partnership     0 0 (66,259)
Noncontrolling interests in operating partnership       253,837 676,566
Noncontrolling interests in consolidated joint ventures   25,000   25,000  
Deconsolidation of Ascenty and consolidated joint venture:          
Goodwill   (982,667)   (982,667) (2,592,181)
Acquisitions Through December 31, 2018 | Global revolving credit facilities, net          
Allocation of purchase price to business combinations:          
Long term debt 0 0 0 0 450,697
Acquisitions Through December 31, 2018 | Unsecured term loans          
Allocation of purchase price to business combinations:          
Long term debt 0 0 0 0 250,000
Acquisitions Through December 31, 2018 | Unsecured Debt.          
Allocation of purchase price to business combinations:          
Long term debt 0 0 0 0 886,831
Acquisitions Through December 31, 2018 | Mortgage notes payable and unsecured debt          
Allocation of purchase price to business combinations:          
Long term debt 0 0 0 0 105,000
Acquisitions Through December 31, 2018 | Acquired above-market leases          
Allocation of purchase price to business combinations:          
Acquired above-market leases 0 0 0 0 162,333
DFT Merger          
Allocation of purchase price to business combinations:          
Goodwill 2,592,146 2,592,146 2,592,146 2,592,146 2,592,146
Common stock and units issued         5,924,124
Deconsolidation of Ascenty and consolidated joint venture:          
Goodwill (2,592,146) (2,592,146) (2,592,146) (2,592,146) (2,592,146)
Corporate Joint Venture          
Cash flows from investing activities:          
Deconsolidation of Ascenty cash     (7,844)    
Contribution of assets and liabilities to unconsolidated joint venture:          
Investments in real estate     571,648 0 119,106
Other assets     171,798 0 16,700
Other liabilities     (21,004) 0 (31,634)
Recognition of retained investment in unconsolidated joint ventures 110,086   110,086    
Deconsolidation of Ascenty and consolidated joint venture:          
Investment in real estate (199,063)   (199,063)    
Account receivables (14,545)   (14,545)    
Acquired in-place lease value, deferred leasing costs and intangibles (23)   (23)    
Other assets (13)   (13)    
Accounts payable and other accrued liabilities 1,316   1,316    
Deconsolidation of cash and cash equivalents     (7,844)    
Net carrying value of assets and liabilities contributed     (220,172)    
Recognition of retained investment in unconsolidated joint ventures 110,086   110,086    
Derecognition of noncontrolling interest in joint venture     110,086    
Preferred Stock | Acquisitions Through December 31, 2018          
Allocation of purchase price to business combinations:          
Cash and equity consideration       (1,679,830)  
Preferred Stock | DFT Merger          
Allocation of purchase price to business combinations:          
Issuance of preferred stock in connection with merger     0 0 219,250
Total Stockholders' Equity          
Allocation of purchase price to business combinations:          
Issuance of preferred stock in connection with merger         211,897
Total Stockholders' Equity | DFT Merger          
Allocation of purchase price to business combinations:          
Common stock and units issued     0 0 5,247,558
Digital Realty Trust, L.P.          
Cash flows from operating activities:          
Net income 349,326 52,597 599,221 341,115 256,267
Adjustments to reconcile net income to net cash provided by operating activities:          
Gain on disposition of properties, net     (335,148) (80,049) (40,354)
Unrealized gain on equity investment     (46,492) (1,631) 0
Impairment of investments in real estate     5,351 0 28,992
Equity in earnings of unconsolidated joint ventures     (8,067) (32,979) (25,516)
Distributions from unconsolidated joint ventures     44,293 21,905 31,747
Write-off due to early lease terminations     11,400 2,818 3,076
Depreciation and amortization of buildings and improvements, tenant improvements and acquired ground leases     809,472 770,275 594,996
Amortization of acquired in-place lease value and deferred leasing costs     354,302 416,621 247,468
Amortization of share-based compensation     34,905 27,159 20,521
Non-cash amortization of terminated swaps     1,047 1,120 1,204
(Recovery of) allowance for doubtful accounts     2,159 6,304 (776)
Amortization of deferred financing costs     13,362 11,537 10,634
Loss (gain) from early extinguishment of debt     39,157 1,568 (1,990)
Amortization of debt discount/premium     2,260 3,538 2,992
Amortization of acquired above-market leases and acquired below-market leases, net     17,097 26,530 1,770
Changes in assets and liabilities:          
Accounts and other receivables     (8,435) (21,318) (73,717)
Deferred rent     (47,858) (39,905) (16,564)
Deferred leasing costs     (31,270) (72,104) (15,363)
Other assets     (15,599) (9,145) (1,800)
Accounts payable, operating lease liabilities and other accrued liabilities     68,155 39,192 (16,384)
Security deposits and prepaid rents     4,505 (27,227) 16,102
Net cash provided by operating activities     1,513,817 1,385,324 1,023,305
Cash flows from investing activities:          
Improvements to investments in real estate     (1,436,902) (1,325,162) (1,150,619)
Ascenty acquisition     0 1,679,830 0
Deconsolidation of Ascenty cash     (97,081) 0 0
Proceeds from the joint venture transactions     1,494,881 0 0
Deposits paid for acquisitions of real estate     (18,075) 0 0
Cash assumed in business combinations     0 116,000 20,650
Acquisitions of real estate     (75,704) (410,712) (415,764)
Proceeds from sale of assets, net of sales costs     0 286,204 89,333
Distribution of debt proceeds from closing of joint venture     0 0 135,793
Contributions to unconsolidated joint ventures     (101,101) (673) (93,405)
Excess proceeds from forward contract settlement     0 0 63,956
Prepaid construction costs and other investments     (2,597) (13,254) 0
Improvement advances to tenants     (66,078) (48,502) (50,857)
Collection of improvement advances to tenants     27,665 39,936 43,760
Net cash used in investing activities     (274,992) (3,035,993) (1,357,153)
Cash flows from financing activities:          
Repayments on global revolving credit facilities     (4,512,073) (1,945,594) (2,304,686)
Borrowings on unsecured term loans     0 467,922 0
Repayments on unsecured term loans     (375,000) (674,332) (371,520)
Borrowings on unsecured senior notes     2,869,240 1,169,006 2,265,060
Principal payments on unsecured senior notes     1,539,613 0 884,841
Borrowings on secured debt     0 600,000 104,000
Principal payments on secured debt     (688) (594) (105,546)
Repayments on other secured loans     0 0 50,000
Payment of loan fees and costs     (20,944) (44,299) (16,830)
Premium paid for early extinguishment of debt     (35,067) 0 0
Capital contributions from (distributions to) noncontrolling interests in consolidated joint ventures, net     63,173 66,124 (8,593)
Taxes paid related to net settlement of stock-based compensation awards     0 (5,055) 0
General partner contributions     541,082 7,068 411,309
General partner distributions     (365,050) 0 (182,500)
Proceeds from forward swap contract     0 1,560 0
Payment of dividends to preferred stockholders     (74,990) (81,316) (68,802)
Payment of dividends to common stockholders and distributions to noncontrolling interests in operating partnership     (921,776) (849,466) (646,407)
Net cash (used in) provided by financing activities     (1,272,021) 1,757,269 321,200
Net (decrease) increase in cash, cash equivalents and restricted cash     (33,196) 106,600 (12,648)
Effect of exchange rate changes on cash, cash equivalents and restricted cash     (4,773) 15,441 3,793
Cash, cash equivalents and restricted cash at beginning of period     135,222 13,181 22,036
Cash, cash equivalents and restricted cash at end of period 97,253 135,222 97,253 135,222 13,181
Supplemental disclosure of cash flow information:          
Cash paid for interest, net of amounts capitalized     312,848 288,643 211,549
Cash paid for income taxes     14,607 11,224 9,456
Operating cash paid used in the measurement of operating lease liabilities     89,980 0  
Supplementary disclosure of noncash investing and financing activities:          
Limited Partner common units converted to General Partner common units     190,514 62,004 10,009
Accrual for additions to investments in real estate and tenant improvement advances included in accounts payable and accrued expenses     197,665 189,508 149,548
Assumption of capital lease obligations upon acquisition     0 75,030 0
Non-cash derecognition of capital lease obligation     0 17,294 0
Decrease to goodwill and deferred tax liability (classified within accounts payable and other accrued liabilities)     (9,436) 0  
Allocation of purchase price of real estate/investment in partnership to:          
Investments in real estate     74,903 410,712 366,105
Accounts receivables     76 0 0
Acquired above-market leases     0 0 21,043
Acquired in-place lease value and deferred leasing costs     725 0 30,111
Acquired below-market leases     0 0 1,495
Cash paid for acquisition of real estate     75,704 410,712 415,764
Allocation of purchase price to business combinations:          
Goodwill 3,363,070 4,348,007 3,363,070 4,348,007  
Noncontrolling interests in consolidated joint ventures 20,625 93,056 20,625 93,056  
Contribution of assets and liabilities to unconsolidated joint venture:          
Net carrying value of assets and liabilities contributed to joint ventures     722,442 0 104,172
Recognition of retained investment in unconsolidated joint ventures 196,547 0 196,547 0 55,746
Deconsolidation of Ascenty and consolidated joint venture:          
Investment in real estate (15,517,684) (15,079,726) (15,517,684) (15,079,726)  
Account receivables (305,501) (299,621) (305,501) (299,621)  
Acquired in-place lease value, deferred leasing costs and intangibles (2,195,324) (3,144,395) (2,195,324) (3,144,395)  
Goodwill (3,363,070) (4,348,007) (3,363,070) (4,348,007)  
Other assets (184,561) (185,239) (184,561) (185,239)  
Secured debt 104,934 685,714 104,934 685,714  
Accounts payable and other accrued liabilities 1,007,761 1,164,509 1,007,761 1,164,509  
Non-controlling interest in consolidated joint venture 1,287,109 175,108 1,287,109 175,108  
Accumulated other comprehensive loss, net (91,409) (120,393) (91,409) (120,393)  
Deconsolidation of cash and cash equivalents     (97,081) 0 0
Recognition of retained investment in unconsolidated joint ventures 196,547 0 196,547 0 55,746
Digital Realty Trust, L.P. | Global revolving credit facilities, net          
Cash flows from financing activities:          
Borrowings on global revolving credit facilities     3,099,685 3,046,245 2,180,556
Digital Realty Trust, L.P. | Acquisitions Through December 31, 2018          
Allocation of purchase price to business combinations:          
Cash and cash equivalents   116,000   116,000 20,650
Land 0 0 0 0 312,579
Buildings and improvements   425,000   425,000 3,677,497
Accounts receivables and other assets   30,000   30,000 10,978
Acquired above-market leases         162,333
Tenant relationship and acquired in-place lease value   495,000   495,000 1,582,385
Goodwill   982,667   982,667 2,592,181
Accounts payable and other accrued liabilities   90,000   90,000 248,259
Acquired below-market leases 0 0 0 0 185,543
Other working capital, net 0 0 0 0 22,640
Redeemable noncontrolling interests -- operating partnership     0 0 66,259
Noncontrolling interests in consolidated joint ventures   25,000   25,000  
Deconsolidation of Ascenty and consolidated joint venture:          
Goodwill   (982,667)   (982,667) (2,592,181)
Digital Realty Trust, L.P. | Acquisitions Through December 31, 2018 | Global revolving credit facilities, net          
Allocation of purchase price to business combinations:          
Long term debt 0 0 0 0 450,697
Digital Realty Trust, L.P. | Acquisitions Through December 31, 2018 | Unsecured term loans          
Allocation of purchase price to business combinations:          
Long term debt 0 0 0 0 250,000
Digital Realty Trust, L.P. | Acquisitions Through December 31, 2018 | Unsecured Debt.          
Allocation of purchase price to business combinations:          
Long term debt 0 0 0 0 886,831
Digital Realty Trust, L.P. | Acquisitions Through December 31, 2018 | Secured Debt.          
Allocation of purchase price to business combinations:          
Long term debt 0 0 0 0 105,000
Digital Realty Trust, L.P. | Acquisitions Through December 31, 2018 | Acquired above-market leases          
Allocation of purchase price to business combinations:          
Acquired above-market leases 0 0 0 0  
Digital Realty Trust, L.P. | DFT Merger | Series C Preferred Stock          
Allocation of purchase price to business combinations:          
Common stock and units issued         219,250
Digital Realty Trust, L.P. | Corporate Joint Venture          
Cash flows from investing activities:          
Deconsolidation of Ascenty cash     (7,844) 0  
Contribution of assets and liabilities to unconsolidated joint venture:          
Investments in real estate     571,648 0 119,106
Other assets     171,798 0 16,700
Other liabilities     (21,004) 0 (31,634)
Recognition of retained investment in unconsolidated joint ventures 110,086 0 110,086 0  
Deconsolidation of Ascenty and consolidated joint venture:          
Investment in real estate (199,063) 0 (199,063) 0  
Account receivables (14,545) 0 (14,545) 0  
Acquired in-place lease value, deferred leasing costs and intangibles (23) 0 (23) 0  
Other assets (13) 0 (13) 0  
Accounts payable and other accrued liabilities 1,316 0 1,316 0  
Deconsolidation of cash and cash equivalents     (7,844) 0  
Net carrying value of assets and liabilities contributed     220,172 0  
Recognition of retained investment in unconsolidated joint ventures 110,086 0 110,086 0  
Derecognition of noncontrolling interest in joint venture     (110,086) 0  
Digital Realty Trust, L.P. | Preferred Stock | Acquisitions Through December 31, 2018          
Allocation of purchase price to business combinations:          
Cash and equity consideration       (1,679,830)  
Digital Realty Trust, L.P. | Preferred Stock | Acquisitions Through December 31, 2018 | Series C Preferred Stock          
Allocation of purchase price to business combinations:          
Issuance of preferred stock in connection with merger     0 0 219,250
Digital Realty Trust, L.P. | Total Stockholders' Equity | DFT Merger          
Allocation of purchase price to business combinations:          
Common stock and units issued     0 0 5,247,558
Digital Realty Trust, L.P. | Common Units | DFT Merger          
Allocation of purchase price to business combinations:          
Common stock and units issued       253,837 $ 676,566
Ascenty          
Cash flows from investing activities:          
Deconsolidation of Ascenty cash     (97,081)    
Allocation of purchase price to business combinations:          
Goodwill 967,189   967,189    
Noncontrolling interests in consolidated joint ventures 25,000   25,000    
Contribution of assets and liabilities to unconsolidated joint venture:          
Recognition of retained investment in unconsolidated joint ventures 727,439   727,439    
Deconsolidation of Ascenty and consolidated joint venture:          
Investment in real estate (362,951)   (362,951)    
Account receivables (24,977)   (24,977)    
Acquired in-place lease value, deferred leasing costs and intangibles (480,128)   (480,128)    
Goodwill (967,189)   (967,189)    
Other assets (31,099)   (31,099)    
Secured debt 571,873   571,873    
Accounts payable and other accrued liabilities 72,449   72,449    
Accumulated other comprehensive loss, net (21,687)   (21,687)    
Deconsolidation of cash and cash equivalents     (97,081)    
Net carrying value of assets and liabilities contributed     (1,340,790)    
Recognition of retained investment in unconsolidated joint ventures 727,439   727,439    
Ascenty | Digital Realty Trust, L.P.          
Cash flows from investing activities:          
Deconsolidation of Ascenty cash     (97,081) 0  
Allocation of purchase price to business combinations:          
Goodwill 967,189 0 967,189 0  
Contribution of assets and liabilities to unconsolidated joint venture:          
Recognition of retained investment in unconsolidated joint ventures 727,439 0 727,439 0  
Deconsolidation of Ascenty and consolidated joint venture:          
Investment in real estate (362,951) 0 (362,951) 0  
Account receivables (24,977) 0 (24,977) 0  
Acquired in-place lease value, deferred leasing costs and intangibles (480,128) 0 (480,128) 0  
Goodwill (967,189) 0 (967,189) 0  
Other assets (31,099) 0 (31,099) 0  
Secured debt 571,873 0 571,873 0  
Accounts payable and other accrued liabilities 72,449 0 72,449 0  
Accumulated other comprehensive loss, net 21,687 0 21,687 0  
Deconsolidation of cash and cash equivalents     (97,081) 0  
Net carrying value of assets and liabilities contributed     1,340,790 0  
Recognition of retained investment in unconsolidated joint ventures $ 727,439 $ 0 $ 727,439 $ 0