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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:        
Net income $ 75,978 $ 61,324 $ 304,676 $ 182,321
Adjustments to reconcile net income to net cash provided by operating activities:        
Gain on deconsolidation / disposition of properties, net     (304,801) (67,497)
Gain on sale of marketable equity security     (17,883) 0
Unrealized loss (gain) on marketable equity security (3,000) (2,400) 2,375 (18,913)
Impairment of investments in real estate 0 0 0 5,351
Equity in loss (earnings) of unconsolidated joint ventures 7,632 (6,962) 86,628 (16,179)
Distributions from unconsolidated joint ventures     9,231 20,856
Write-off due to early lease terminations     135 9,634
Depreciation and amortization of buildings and improvements, tenant improvements and acquired ground leases     461,940 409,362
Amortization of customer relationship value, acquired in-place lease value and deferred leasing costs     178,682 192,686
Amortization of share-based compensation     35,580 17,060
Non-cash amortization of terminated swaps     524 523
Allowance for doubtful accounts     3,905 4,813
Amortization of deferred financing costs     7,921 7,399
Loss from early extinguishment of debt     632 4,090
Amortization of debt discount/premium     1,899 1,228
Amortization of acquired above-market leases and acquired below-market leases, net     7,087 10,163
Changes in assets and liabilities:        
Accounts and other receivables     15,115 (45,028)
Deferred rent     (13,438) (28,015)
Deferred leasing costs     (19,212) (14,133)
Other assets     (30,810) (24,061)
Accounts payable, operating lease liabilities and other accrued liabilities     (17,497) 176,367
Security deposits and prepaid rents     (319) (715)
Net cash provided by operating activities     712,370 827,312
Cash flows from investing activities:        
Improvements to investments in real estate     (854,885) (780,571)
Deconsolidation of Ascenty cash     0 (97,081)
Proceeds from joint ventures transactions     0 702,439
Proceeds from sale of marketable equity security 70,000 0 70,019 0
Cash assumed in acquisitions     116,738 0
Acquisitions of real estate     (351,186) (59,397)
Proceeds from sale of assets, net of sales costs     526,362 0
Investments in unconsolidated joint ventures     (94,169) (66,622)
Prepaid construction costs and other investments     (93,032) (76,863)
Improvement advances to tenants     (43,963) (25,029)
Collection of improvement advances to tenants     45,301 16,611
Net cash used in investing activities     (678,815) (386,513)
Cash flows from financing activities:        
Borrowings on global revolving credit facilities     1,365,607 2,182,573
Repayments on global revolving credit facilities     (1,652,878) (2,418,142)
Repayments on unsecured term loans     0 (375,000)
Borrowings on unsecured senior notes     2,357,417 2,325,566
Repayments on unsecured senior notes     (1,435,272) (1,368,892)
Principal payments on secured debt     (1,090) (315)
Payment of loan fees and costs     (15,440) (16,723)
Premium paid for early extinguishment of debt     0 (29,701)
Capital contributions from noncontrolling interests in consolidated joint ventures, net     36,876 62,748
Proceeds from common and preferred stock offerings, net     639,881 202,288
Redemption of preferred stock     0 (365,050)
Proceeds from equity plans     2,638 2,259
Payment of dividends to preferred stockholders     (42,310) (37,613)
Payment of dividends to common stockholders and distributions to noncontrolling interests in operating partnership     (850,601) (686,929)
Net cash provided by (used in) financing activities     404,828 (522,931)
Net increase in cash, cash equivalents and restricted cash     438,383 (82,132)
Effect of exchange rate changes on cash, cash equivalents and restricted cash     (16,603) (12,018)
Cash, cash equivalents and restricted cash at beginning of period     97,253 135,222
Cash, cash equivalents and restricted cash at end of period 519,033 41,072 519,033 41,072
Supplemental disclosure of cash flow information:        
Cash paid for interest, net of amounts capitalized     151,517 169,468
Cash paid for income taxes     8,559 7,931
Supplementary disclosure of noncash investing and financing activities:        
Change in net assets related to foreign currency translation adjustments     (268,543) 41,843
Decrease in other assets related to change in fair value of interest rate swaps (1,011) (6,604) (12,849) (10,379)
Noncontrolling interests in operating partnership converted to shares of common stock     70,282 145,106
Accrual for additions to investments in real estate and tenant improvement advances included in accounts payable and accrued expenses     202,804 214,181
Decrease to goodwill and deferred tax liability (classified within accounts payable and other accrued liabilities)       (9,436)
Allocation of purchase price of real estate/investment in partnership to:        
Investments in real estate     372,516 0
Cash and cash equivalents     8,190 0
Accounts receivables     3,114 0
Customer relationship value and intangibles     68,406 0
Other assets     843 0
Secured debt     (135,000) 0
Accounts payables and other accrued liabilities     (4,602) 0
Acquired below-market leases     (2,540) 0
Noncontrolling interests in consolidated joint venture     (5,715) 0
Cash paid for acquisition of real estate     305,212 0
Allocation of Interxion purchase price:        
Operating lease right-of-use assets, net 1,375,427   1,375,427  
Finance lease obligations (47,957)   (47,957)  
Deconsolidation of Ascenty and consolidated joint venture:        
Investment in real estate (19,620,509)   (19,620,509)  
Account receivables (542,750)   (542,750)  
Goodwill (7,791,522)   (7,791,522)  
Other assets (333,916)   (333,916)  
Secured debt 238,826   238,826  
Accounts payable and other accrued liabilities 1,828,290   1,828,290  
Non-controlling interest in consolidated joint venture 1,033,235   1,033,235  
Accumulated other comprehensive loss, net (358,349)   (358,349)  
Deconsolidation of Ascenty cash     0 (97,081)
InterXion        
Allocation of Interxion purchase price:        
Land 159,467 0 159,467 0
Building and improvements (including finance lease right-of-use assets) 3,246,522 0 3,246,522 0
Construction in progress 273,590 0 273,590 0
Land held for development 33,447 0 33,447 0
Operating lease right-of-use assets, net 556,865 0 556,865 0
Cash and cash equivalents 108,548 0 108,548 0
Accounts receivable 218,868 0 218,868 0
Goodwill 4,443,856 0 4,443,856 0
Customer relationship value 1,001,568 0 1,001,568 0
Other intangibles 44,943   44,943  
Operating lease liabilities (556,865) 0 (556,865) 0
Accounts payable and other accrued liabilities (230,585) 0 (230,585) 0
Deferred tax liability, net (535,990) 0 (535,990) 0
Other working capital liabilities, net (68,947) 0 (68,947) 0
Deconsolidation of Ascenty and consolidated joint venture:        
Goodwill (4,424,262)   (4,424,262)  
InterXion | Global revolving credit facilities, net        
Allocation of Interxion purchase price:        
Long term debt (130,327) 0 (130,327) 0
InterXion | Unsecured Debt        
Allocation of Interxion purchase price:        
Long term debt (1,457,635) 0 (1,457,635) 0
InterXion | Secured Debt        
Allocation of Interxion purchase price:        
Long term debt (74,316) 0 (74,316) 0
Preferred Stock | InterXion        
Allocation of Interxion purchase price:        
Equity consideration     6,985,052 0
Digital Realty Trust, L.P.        
Cash flows from operating activities:        
Net income 75,978 61,324 304,676 182,321
Adjustments to reconcile net income to net cash provided by operating activities:        
Gain on deconsolidation / disposition of properties, net     (304,801) (67,497)
Gain on sale of marketable equity security     (17,883) 0
Unrealized loss (gain) on marketable equity security     2,375 (18,913)
Impairment of investments in real estate 0 0 0 5,351
Equity in loss (earnings) of unconsolidated joint ventures 7,632 (6,962) 86,628 (16,179)
Distributions from unconsolidated joint ventures     9,231 20,856
Write-off due to early lease terminations     135 9,634
Depreciation and amortization of buildings and improvements, tenant improvements and acquired ground leases     461,940 409,362
Amortization of customer relationship value, acquired in-place lease value and deferred leasing costs     178,682 192,686
Amortization of share-based compensation     35,580 17,060
Non-cash amortization of terminated swaps     524 523
Allowance for doubtful accounts     3,905 4,813
Amortization of deferred financing costs     7,921 7,399
Loss from early extinguishment of debt     632 4,090
Amortization of debt discount/premium     1,899 1,228
Amortization of acquired above-market leases and acquired below-market leases, net     7,087 10,163
Changes in assets and liabilities:        
Accounts and other receivables     15,115 (45,028)
Deferred rent     (13,438) (28,015)
Deferred leasing costs     (19,212) (14,133)
Other assets     (30,810) (24,061)
Accounts payable, operating lease liabilities and other accrued liabilities     (17,497) 176,367
Security deposits and prepaid rents     (319) (715)
Net cash provided by operating activities     712,370 827,312
Cash flows from investing activities:        
Improvements to investments in real estate     (854,885) (780,571)
Deconsolidation of Ascenty cash     0 (97,081)
Proceeds from joint ventures transactions     0 702,439
Proceeds from sale of marketable equity security     70,019 0
Cash assumed in acquisitions     116,738 0
Acquisitions of real estate     (351,186) (59,397)
Proceeds from sale of assets, net of sales costs     526,362 0
Investments in unconsolidated joint ventures     (94,169) (66,622)
Prepaid construction costs and other investments     (93,032) (76,863)
Improvement advances to tenants     (43,963) (25,029)
Collection of improvement advances to tenants     45,301 16,611
Net cash used in investing activities     (678,815) (386,513)
Cash flows from financing activities:        
Borrowings on global revolving credit facilities     1,365,607 2,182,573
Repayments on global revolving credit facilities     (1,652,878) (2,418,142)
Repayments on unsecured term loans     0 (375,000)
Borrowings on unsecured senior notes     2,357,417 2,325,566
Repayments on unsecured senior notes     (1,435,272) (1,368,892)
Principal payments on secured debt     (1,090) (315)
Payment of loan fees and costs     (15,440) (16,723)
Premium paid for early extinguishment of debt     0 (29,701)
Capital contributions from noncontrolling interests in consolidated joint ventures, net     36,876 62,748
General partner contributions     642,519 204,547
General partner distributions     0 (365,050)
Payment of dividends to preferred stockholders     (42,310) (37,613)
Payment of dividends to common stockholders and distributions to noncontrolling interests in operating partnership     (850,601) (686,929)
Net cash provided by (used in) financing activities     404,828 (522,931)
Net increase in cash, cash equivalents and restricted cash     438,383 (82,132)
Effect of exchange rate changes on cash, cash equivalents and restricted cash     (16,603) (12,018)
Cash, cash equivalents and restricted cash at beginning of period     97,253 135,222
Cash, cash equivalents and restricted cash at end of period 519,033 41,072 519,033 41,072
Supplemental disclosure of cash flow information:        
Cash paid for interest, net of amounts capitalized     151,517 169,468
Cash paid for income taxes     8,559 7,931
Supplementary disclosure of noncash investing and financing activities:        
Change in net assets related to foreign currency translation adjustments     (268,543) 41,843
Decrease in other assets related to change in fair value of interest rate swaps (1,011) (6,604) (12,849) (10,379)
Limited Partner common units converted to General Partner common units     70,282 145,106
Accrual for additions to investments in real estate and tenant improvement advances included in accounts payable and accrued expenses     202,804 214,181
Decrease to goodwill and deferred tax liability (classified within accounts payable and other accrued liabilities)     0 (9,436)
Allocation of purchase price of real estate/investment in partnership to:        
Investments in real estate     372,516 0
Cash and cash equivalents     8,190 0
Accounts receivables     3,114 0
Customer relationship value and intangibles     68,406 0
Other assets     843 0
Secured debt     (135,000) 0
Accounts payables and other accrued liabilities     (4,602) 0
Acquired below-market leases     (2,540) 0
Noncontrolling interests in consolidated joint venture     (5,715) 0
Cash paid for acquisition of real estate     305,212 0
Allocation of Interxion purchase price:        
Operating lease right-of-use assets, net 1,375,427   1,375,427  
Other intangibles 44,943 0 44,943 0
Finance lease obligations (47,957)   (47,957)  
Deconsolidation of Ascenty and consolidated joint venture:        
Investment in real estate (19,620,509)   (19,620,509)  
Account receivables (542,750)   (542,750)  
Goodwill (7,791,522)   (7,791,522)  
Other assets (333,916)   (333,916)  
Secured debt 238,826   238,826  
Accounts payable and other accrued liabilities 1,828,290   1,828,290  
Non-controlling interest in consolidated joint venture 1,033,235   1,033,235  
Accumulated other comprehensive loss, net (372,575)   (372,575)  
Deconsolidation of Ascenty cash     0 (97,081)
Digital Realty Trust, L.P. | InterXion        
Allocation of Interxion purchase price:        
Land 159,467 0 159,467 0
Building and improvements (including finance lease right-of-use assets) 3,246,522 0 3,246,522 0
Construction in progress 273,590 0 273,590 0
Land held for development 33,447 0 33,447 0
Operating lease right-of-use assets, net 556,865 0 556,865 0
Cash and cash equivalents 108,548 0 108,548 0
Accounts receivable 218,868 0 218,868 0
Goodwill 4,443,856 0 4,443,856 0
Long term debt (130,327) 0 (130,327) 0
Operating lease liabilities (556,865) 0 (556,865) 0
Accounts payable and other accrued liabilities (230,585) 0 (230,585) 0
Deferred tax liability, net (535,990) 0 (535,990) 0
Other working capital liabilities, net (68,947) 0 (68,947) 0
Equity consideration     6,985,052 0
Digital Realty Trust, L.P. | InterXion | Global revolving credit facilities, net        
Allocation of Interxion purchase price:        
Customer relationship value 1,001,568 0 1,001,568 0
Digital Realty Trust, L.P. | InterXion | Unsecured Debt        
Allocation of Interxion purchase price:        
Long term debt (1,457,635) 0 (1,457,635) 0
Digital Realty Trust, L.P. | InterXion | Mortgage notes payable and unsecured debt        
Allocation of Interxion purchase price:        
Long term debt $ (74,316) 0 $ (74,316) 0
Ascenty Acquisition        
Cash flows from investing activities:        
Deconsolidation of Ascenty cash       (97,081)
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 Ascenty cash       (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 Acquisition | Digital Realty Trust, L.P.        
Cash flows from investing activities:        
Deconsolidation of Ascenty cash       (97,081)
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 Ascenty cash       (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