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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net income $ 362,505 $ 184,483
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on disposition of properties, net (451,496) (89,946)
Provision for impairment 168,303  
Equity in loss (earnings) of unconsolidated entities 57,451 (19,956)
Distributions from unconsolidated entities 56,987 39,838
Depreciation and amortization 856,445 853,771
Amortization of share-based compensation 38,055 35,555
Loss from early extinguishment of debt 1,070  
Straight-lined rents and amortization of above and below market leases (1,699) (5,465)
Amortization of deferred financing costs and debt discount / premium 18,658 12,750
Other operating activities, net 1,990 (3,458)
Changes in assets and liabilities:    
Increase in accounts receivable and other assets (243,483) (261,048)
Decrease in accounts payable and other liabilities 60,701 67,590
Net cash provided by operating activities 925,487 814,114
Cash flows from investing activities:    
Improvements to investments in real estate (1,314,800) (1,368,660)
Cash paid for business combination / asset acquisitions, net of cash acquired (69,869) (58,186)
Investments in and advances to unconsolidated entities (163,321) 3,812
Return of investment from unconsolidated entities 97,423  
Proceeds from sale of assets 1,240,585 150,771
Other investing activities, net (65,238) (6,743)
Net cash used in investing activities (275,220) (1,279,006)
Cash flows from financing activities:    
Proceeds from credit facilities 715,966 1,508,657
Payments on credit facilities (616,311) (1,441,611)
Borrowings on secured / unsecured debt 46,951 806,185
Repayments on secured / unsecured debt (877,440) (3,081)
Capital (distribution to) contributions from noncontrolling interests, net (19,244) 4,634
Proceeds from issuance of common stock, net 1,923,976 742,225
Payments of dividends and distributions (1,204,304) (1,121,991)
Other financing activities, net 77,989 (10,686)
Net cash provided by financing activities 47,583 484,332
Net increase in cash, cash equivalents and restricted cash 697,850 19,440
Effect of exchange rate changes on cash, cash equivalents and restricted cash (47,086) (35,489)
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 2,287,234 134,647
Digital Realty Trust, L.P.    
Cash flows from operating activities:    
Net income 362,505 184,483
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on disposition of properties, net (451,496) (89,946)
Provision for impairment 168,303  
Equity in loss (earnings) of unconsolidated entities 57,451 (19,956)
Distributions from unconsolidated entities 56,987 39,838
Depreciation and amortization 856,445 853,771
Amortization of share-based compensation 38,055 35,555
Loss from early extinguishment of debt 1,070  
Straight-lined rents and amortization of above and below market leases (1,699) (5,465)
Amortization of deferred financing costs and debt discount / premium 18,658 12,750
Other operating activities, net 1,990 (3,458)
Changes in assets and liabilities:    
Increase in accounts receivable and other assets (243,483) (261,048)
Decrease in accounts payable and other liabilities 60,701 67,590
Net cash provided by operating activities 925,487 814,114
Cash flows from investing activities:    
Improvements to investments in real estate (1,314,800) (1,368,660)
Cash paid for business combination / asset acquisitions, net of cash acquired (69,869) (58,186)
Investments in and advances to unconsolidated entities (163,321) 3,812
Return of investment from unconsolidated entities 97,423  
Proceeds from sale of assets 1,240,585 150,771
Other investing activities, net (65,238) (6,743)
Net cash used in investing activities (275,220) (1,279,006)
Cash flows from financing activities:    
Proceeds from credit facilities 715,966 1,508,657
Payments on credit facilities (616,311) (1,441,611)
Borrowings on secured / unsecured debt 46,951 806,185
Repayments on secured / unsecured debt (877,440) (3,081)
Capital (distribution to) contributions from noncontrolling interests, net (19,244) 4,634
General partner contributions 1,923,976 742,225
Payments of dividends and distributions (1,204,304) (1,121,991)
Other financing activities, net 77,989 (10,686)
Net cash provided by financing activities 47,583 484,332
Net increase in cash, cash equivalents and restricted cash 697,850 19,440
Effect of exchange rate changes on cash, cash equivalents and restricted cash (47,086) (35,489)
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 $ 2,287,234 $ 134,647