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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:        
Net (loss) income $ (1,454) $ 67,574 $ 303,222 $ 249,895
Adjustments to reconcile net income to net cash provided by operating activities:        
Gain on deconsolidation / disposition of properties, net     (315,211) (67,497)
Gain on sale of marketable equity security     (17,883) 0
Unrealized gain on marketable equity security     (3,289) (34,931)
Impairment of investments in real estate 6,482 0 6,482 5,351
Equity in loss of unconsolidated joint ventures 2,056 19,269 88,684 3,090
Distributions from unconsolidated joint ventures     18,939 26,739
Write-off due to early lease terminations     433 9,633
Depreciation and amortization of buildings and improvements, tenant improvements and acquired ground leases     737,620 612,678
Amortization of customer relationship value, acquired in-place lease value and deferred leasing costs     268,844 276,088
Amortization of share-based compensation     54,938 25,966
Non-cash amortization of terminated swaps     786 785
Allowance for doubtful accounts     5,669 1,871
Amortization of deferred financing costs     11,576 10,299
Loss from early extinguishment of debt     53,639 4,090
Amortization of debt discount/premium     2,887 1,671
Amortization of acquired above-market leases and acquired below-market leases, net     9,447 12,988
Changes in assets and liabilities:        
Accounts and other receivables     (26,040) (37,510)
Deferred rent     (18,311) (40,356)
Deferred leasing costs     (29,860) (20,960)
Other assets     (28,872) (25,397)
Accounts payable, operating lease liabilities and other accrued liabilities     56,427 100,495
Security deposits and prepaid rents     612 (3,044)
Net cash provided by operating activities     1,180,739 1,111,944
Cash flows from investing activities:        
Improvements to investments in real estate     (1,376,795) (1,125,772)
Deconsolidation of Ascenty cash     0 (97,081)
Proceeds from joint ventures transactions     0 702,439
Proceeds from sale of marketable equity security   0 70,019 0
Cash assumed in acquisitions     116,738 0
Acquisitions of real estate     (613,384) (74,973)
Proceeds from sale of assets, net of sales costs     547,913 0
Prepaid construction costs and other investments     (130,505) (15,072)
Investments in unconsolidated joint ventures     (128,898) (81,423)
Improvement advances to tenants     (72,902) (37,785)
Collection of improvement advances to tenants     68,295 21,611
Net cash used in investing activities     (1,519,519) (708,056)
Cash flows from financing activities:        
Borrowings on global revolving credit facilities     2,865,406 2,876,819
Repayments on global revolving credit facilities     (3,094,273) (2,674,931)
Repayments on unsecured term loans     (300,000) (375,000)
Borrowings on unsecured senior notes     3,573,121 2,325,566
Repayments on unsecured senior notes     (2,235,272) (1,539,613)
Principal payments on secured debt     (1,090) (478)
Payment of loan fees and costs     (21,732) (16,843)
Premium paid for early extinguishment of debt     (48,191) (35,067)
Capital contributions from noncontrolling interests in consolidated joint ventures, net     81,061 60,961
Proceeds from common and preferred stock offerings, net     1,881,164 202,006
Redemption of preferred stock     (250,000) (365,050)
Proceeds from equity plans     6,503 5,462
Payment of dividends to preferred stockholders     (63,022) (54,283)
Payment of dividends to common stockholders and distributions to noncontrolling interests in operating partnership     (1,162,525) (921,776)
Net cash provided by (used in) financing activities     1,231,150 (512,227)
Net increase (decrease) in cash, cash equivalents and restricted cash     892,370 (108,339)
Effect of exchange rate changes on cash, cash equivalents and restricted cash     (3,034) (11,479)
Cash, cash equivalents and restricted cash at beginning of period     97,253 135,222
Cash, cash equivalents and restricted cash at end of period 986,589 15,404 986,589 15,404
Supplemental disclosure of cash flow information:        
Cash paid for interest, net of amounts capitalized     261,272 262,532
Cash paid for income taxes     15,317 13,187
Supplementary disclosure of noncash investing and financing activities:        
Change in net assets related to foreign currency translation adjustments     (34,796) 66,511
Distributions declared and payable to preferred unitholders     571 0
Decrease in other assets related to change in fair value of interest rate swaps 137 (1,000) (12,711) (11,379)
Noncontrolling interests in operating partnership converted to shares of common stock     80,586 163,861
Accrual for additions to investments in real estate and tenant improvement advances included in accounts payable and other accrued liabilities     204,906 171,670
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:        
Investment in real estate     372,516 0
Cash and cash equivalents     8,190 0
Account 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 purchase price to business combinations:        
Operating lease right-of-use assets, net 1,363,285   1,363,285  
Finance lease obligations (47,957)   (47,957)  
Deconsolidation of Ascenty and consolidated joint venture:        
Investment in real estate (20,462,514)   (20,462,514)  
Account receivables (585,506)   (585,506)  
Goodwill (8,012,256)   (8,012,256)  
Other assets (373,346)   (373,346)  
Secured debt 238,866   238,866  
Accounts payable and other accrued liabilities 2,187,025   2,187,025  
Non-controlling interest in consolidated joint venture 1,059,978   1,059,978  
Accumulated other comprehensive loss, net (123,623)   (123,623)  
Deconsolidation of Ascenty cash     0 (97,081)
Potentially dilutive Series G Cumulative Redeemable Preferred Stock        
Supplementary disclosure of noncash investing and financing activities:        
Preferred stock redemption declared (classified with accounts payable and other accrued liabilities) 250,000   250,000 0
InterXion        
Allocation of purchase price to business combinations:        
Land 159,467 0 159,467 0
Building and improvements 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 (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 (4,615,111)   (4,615,111)  
InterXion | Global revolving credit facilities, net        
Allocation of purchase price to business combinations:        
Long term debt (130,327) 0 (130,327) 0
InterXion | Unsecured Debt        
Allocation of purchase price to business combinations:        
Long term debt (1,457,635) 0 (1,457,635) 0
InterXion | Secured Debt        
Allocation of purchase price to business combinations:        
Long term debt (74,316) 0 (74,316) 0
Preferred Stock | Potentially dilutive Series G Cumulative Redeemable Preferred Stock        
Supplementary disclosure of noncash investing and financing activities:        
Preferred stock redemption declared (classified with accounts payable and other accrued liabilities) 241,468   241,468  
Preferred Stock | InterXion        
Allocation of purchase price to business combinations:        
Equity consideration     6,985,052 0
Digital Realty Trust, L.P.        
Cash flows from operating activities:        
Net (loss) income (1,454) 67,574 303,222 249,895
Adjustments to reconcile net income to net cash provided by operating activities:        
Gain on deconsolidation / disposition of properties, net     (315,211) (67,497)
Gain on sale of marketable equity security     (17,883) 0
Unrealized gain on marketable equity security     (3,289) (34,931)
Impairment of investments in real estate 6,482 0 6,482 5,351
Equity in loss of unconsolidated joint ventures 2,056 19,269 88,684 3,090
Distributions from unconsolidated joint ventures     18,939 26,739
Write-off due to early lease terminations     433 9,633
Depreciation and amortization of buildings and improvements, tenant improvements and acquired ground leases     737,620 612,678
Amortization of customer relationship value, acquired in-place lease value and deferred leasing costs     268,844 276,088
Amortization of share-based compensation     54,938 25,966
Non-cash amortization of terminated swaps     786 785
Allowance for doubtful accounts     5,669 1,871
Amortization of deferred financing costs     11,576 10,299
Loss from early extinguishment of debt     53,639 4,090
Amortization of debt discount/premium     2,887 1,671
Amortization of acquired above-market leases and acquired below-market leases, net     9,447 12,988
Changes in assets and liabilities:        
Accounts and other receivables     (26,040) (37,510)
Deferred rent     (18,311) (40,356)
Deferred leasing costs     (29,860) (20,960)
Other assets     (28,872) (25,397)
Accounts payable, operating lease liabilities and other accrued liabilities     56,427 100,495
Security deposits and prepaid rents     612 (3,044)
Net cash provided by operating activities     1,180,739 1,111,944
Cash flows from investing activities:        
Improvements to investments in real estate     (1,376,795) (1,125,772)
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     (613,384) (74,973)
Proceeds from sale of assets, net of sales costs     547,913 0
Prepaid construction costs and other investments     (130,505) (15,072)
Investments in unconsolidated joint ventures     (128,898) (81,423)
Improvement advances to tenants     (72,902) (37,785)
Collection of improvement advances to tenants     68,295 21,611
Net cash used in investing activities     (1,519,519) (708,056)
Cash flows from financing activities:        
Borrowings on global revolving credit facilities     2,865,406 2,876,819
Repayments on global revolving credit facilities     (3,094,273) (2,674,931)
Repayments on unsecured term loans     (300,000) (375,000)
Borrowings on unsecured senior notes     3,573,121 2,325,566
Repayments on unsecured senior notes     (2,235,272) (1,539,613)
Principal payments on secured debt     (1,090) (478)
Payment of loan fees and costs     (21,732) (16,843)
Premium paid for early extinguishment of debt     (48,191) (35,067)
Capital contributions from noncontrolling interests in consolidated joint ventures, net     81,061 60,961
General partner contributions     1,887,667 207,468
General partner distributions     (250,000) (365,050)
Payment of dividends to preferred stockholders     (63,022) (54,283)
Payment of dividends to common stockholders and distributions to noncontrolling interests in operating partnership     (1,162,525) (921,776)
Net cash provided by (used in) financing activities     1,231,150 (512,227)
Net increase (decrease) in cash, cash equivalents and restricted cash     892,370 (108,339)
Effect of exchange rate changes on cash, cash equivalents and restricted cash     (3,034) (11,479)
Cash, cash equivalents and restricted cash at beginning of period     97,253 135,222
Cash, cash equivalents and restricted cash at end of period 986,589 15,404 986,589 15,404
Supplemental disclosure of cash flow information:        
Cash paid for interest, net of amounts capitalized     261,272 262,532
Cash paid for income taxes     15,317 13,187
Supplementary disclosure of noncash investing and financing activities:        
Change in net assets related to foreign currency translation adjustments     (34,796) 66,511
Distributions declared and payable to preferred unitholders     571 0
Decrease in other assets related to change in fair value of interest rate swaps 137 (1,000) (12,711) (11,379)
Limited Partner common units converted to General Partner common units     80,586 163,861
Accrual for additions to investments in real estate and tenant improvement advances included in accounts payable and other accrued liabilities     204,906 171,670
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:        
Investment in real estate     372,516 0
Cash and cash equivalents     8,190 0
Account 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 purchase price to business combinations:        
Operating lease right-of-use assets, net 1,363,285   1,363,285  
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 (20,462,514)   (20,462,514)  
Account receivables (585,506)   (585,506)  
Goodwill (8,012,256)   (8,012,256)  
Other assets (373,346)   (373,346)  
Secured debt 238,866   238,866  
Accounts payable and other accrued liabilities 2,187,025   2,187,025  
Non-controlling interest in consolidated joint venture 1,059,978   1,059,978  
Accumulated other comprehensive loss, net (131,017)   (131,017)  
Deconsolidation of Ascenty cash     0 (97,081)
Digital Realty Trust, L.P. | Potentially dilutive Series G Cumulative Redeemable Preferred Stock        
Supplementary disclosure of noncash investing and financing activities:        
Preferred stock redemption declared (classified with accounts payable and other accrued liabilities) 250,000   250,000 0
Digital Realty Trust, L.P. | InterXion        
Allocation of purchase price to business combinations:        
Land 159,467 0 159,467 0
Building and improvements 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 (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 purchase price to business combinations:        
Customer relationship value 1,001,568 0 1,001,568 0
Digital Realty Trust, L.P. | InterXion | Unsecured Debt        
Allocation of purchase price to business combinations:        
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 purchase price to business combinations:        
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