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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net income $ 287,837 $ 68,837
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on disposition of properties, net (277,787)  
Equity in loss (earnings) of unconsolidated entities 16,008 (14,897)
Distributions from unconsolidated entities 45,797 28,904
Depreciation and amortization 431,102 421,198
Amortization of share-based compensation 16,736 17,502
Loss from early extinguishment of debt 1,070  
Straight-lined rents and amortization of above and below market leases 4,699 (18,971)
Amortization of deferred financing costs and debt discount / premium 6,931 5,409
Other operating activities, net 473 (3,880)
Changes in assets and liabilities:    
Increase in accounts receivable and other assets (33,034) (141,958)
(Decrease) decrease in accounts payable and other liabilities (147,557) (12,418)
Net cash provided by operating activities 352,275 349,726
Cash flows from investing activities:    
Improvements to investments in real estate (659,315) (738,677)
Cash paid for business combination / asset acquisitions, net of cash acquired (80,581) (57,001)
Investments in and advances to unconsolidated entities (121,357) 52,991
Return of investment from unconsolidated entities 85,586  
Proceeds from sale of assets 814,101  
Other investing activities, net (31,815) (6,320)
Net cash provided by (used in) investing activities 6,619 (749,007)
Cash flows from financing activities:    
Proceeds from credit facilities 447,018 985,448
Payments on credit facilities (311,174) (640,298)
Borrowings on secured / unsecured debt 5,568 790,962
Repayments on secured / unsecured debt (240,000) (3,081)
Capital contributions from noncontrolling interests, net (21,426) 4,681
Proceeds from issuance of common stock, net 98,047  
Payments of dividends and distributions (788,525) (737,976)
Other financing activities, net 778 (8,828)
Net cash provided by (used in) financing activities (809,714) 390,908
Net (decrease) increase in cash, cash equivalents and restricted cash (450,820) (8,373)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 13,438 (693)
Cash, cash equivalents and restricted cash at beginning of period 1,636,470 150,696
Cash, cash equivalents and restricted cash at end of period 1,199,088 141,630
Digital Realty Trust, L.P.    
Cash flows from operating activities:    
Net income 287,837 68,837
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on disposition of properties, net (277,787)  
Equity in loss (earnings) of unconsolidated entities 16,008 (14,897)
Distributions from unconsolidated entities 45,797 28,904
Depreciation and amortization 431,102 421,198
Amortization of share-based compensation 16,736 17,502
Loss from early extinguishment of debt 1,070  
Straight-lined rents and amortization of above and below market leases 4,699 (18,971)
Amortization of deferred financing costs and debt discount / premium 6,931 5,409
Other operating activities, net 473 (3,880)
Changes in assets and liabilities:    
Increase in accounts receivable and other assets (33,034) (141,958)
(Decrease) decrease in accounts payable and other liabilities (147,557) (12,418)
Net cash provided by operating activities 352,275 349,726
Cash flows from investing activities:    
Improvements to investments in real estate (659,315) (738,677)
Cash paid for business combination / asset acquisitions, net of cash acquired (80,581) (57,001)
Investments in and advances to unconsolidated entities (121,357) 52,991
Return of investment from unconsolidated entities 85,586  
Proceeds from sale of assets 814,101  
Other investing activities, net (31,815) (6,320)
Net cash provided by (used in) investing activities 6,619 (749,007)
Cash flows from financing activities:    
Proceeds from credit facilities 447,018 985,448
Payments on credit facilities (311,174) (640,298)
Borrowings on secured / unsecured debt 5,568 790,962
Repayments on secured / unsecured debt (240,000) (3,081)
Capital contributions from noncontrolling interests, net (21,426) 4,681
General partner contributions 98,047  
Payments of dividends and distributions (788,525) (737,976)
Other financing activities, net 778 (8,828)
Net cash provided by (used in) financing activities (809,714) 390,908
Net (decrease) increase in cash, cash equivalents and restricted cash (450,820) (8,373)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 13,438 (693)
Cash, cash equivalents and restricted cash at beginning of period 1,636,470 150,696
Cash, cash equivalents and restricted cash at end of period $ 1,199,088 $ 141,630