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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net income $ 588,327 $ 950,312 $ 380,325
Adjustments to reconcile net income to net cash provided by operating activities:      
Gain on disposition of properties, net (595,825) (900,531) (176,754)
Provision for impairment 191,184 118,363 3,000
Equity in loss of unconsolidated entities 120,138 29,791 13,497
Distributions from unconsolidated entities 78,269 73,518 42,376
Depreciation and amortization 1,771,797 1,694,859 1,577,933
Amortization of share-based compensation 75,606 80,532 92,461
Loss on debt extinguishment and modifications 5,871   51,135
Straight-lined rents and amortization of above and below market leases (56,465) (50,931) (64,954)
Amortization of deferred financing costs and debt discount / premium 28,666 26,834 18,848
Other operating activities, net 29,237 (8,216) (45,141)
Changes in assets and liabilities:      
Increase in accounts receivable and other assets (342,061) (155,317) (272,452)
Increase (decrease) in accounts payable and other liabilities 366,733 (224,434) 42,114
Net cash provided by operating activities 2,261,477 1,634,780 1,659,388
Cash flows from investing activities:      
Improvements to investments in real estate (2,831,740) (3,525,598) (2,643,097)
Cash paid for business combination / asset acquisitions, net of cash acquired (508,001) (52,297) (1,930,178)
Investments in and advances to unconsolidated entities (315,623) (336,456) (299,427)
Return of investment from unconsolidated entities 99,864 241,984 3,332
Proceeds from sale of assets 1,764,835 2,619,778 271,567
Other investing activities, net (115,492) (62,522) (101,600)
Net cash used in investing activities (1,906,157) (1,115,111) (4,699,403)
Cash flows from financing activities:      
Proceeds from credit facilities 1,636,351 2,870,841 5,510,267
Payments on credit facilities (1,715,044) (3,293,644) (3,820,086)
Borrowings on secured / unsecured debt 2,234,999 869,132 2,791,027
Repayments on secured / unsecured debt (2,119,007) (111,979) (1,036,577)
Capital (distribution to) contributions from noncontrolling interests, net (21,418) 4,474 44,312
Proceeds from issuance of common stock, net 3,650,771 2,207,259 928,432
Payments of dividends and distributions (1,633,247) (1,520,644) (1,450,637)
Other financing activities, net 30,028 (61,965) 52,073
Net cash provided by financing activities 2,063,433 963,474 2,969,149
Net increase in cash, cash equivalents and restricted cash 2,418,753 1,483,143 (70,866)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (178,523) 2,631 70,077
Cash, cash equivalents and restricted cash at beginning of period 1,636,470 150,696 151,485
Cash, cash equivalents and restricted cash at end of period 3,876,700 1,636,470 150,696
Digital Realty Trust, L.P.      
Cash flows from operating activities:      
Net income 588,327 950,312 380,325
Adjustments to reconcile net income to net cash provided by operating activities:      
Gain on disposition of properties, net (595,825) (900,531) (176,754)
Provision for impairment 191,184 118,363 3,000
Equity in loss of unconsolidated entities 120,138 29,791 13,497
Distributions from unconsolidated entities 78,269 73,518 42,376
Depreciation and amortization 1,771,797 1,694,859 1,577,933
Amortization of share-based compensation 75,606 80,532 92,461
Loss on debt extinguishment and modifications 5,871   51,135
Straight-lined rents and amortization of above and below market leases (56,465) (50,931) (64,954)
Amortization of deferred financing costs and debt discount / premium 28,666 26,834 18,848
Other operating activities, net 29,237 (8,216) (45,141)
Changes in assets and liabilities:      
Increase in accounts receivable and other assets (342,061) (155,317) (272,452)
Increase (decrease) in accounts payable and other liabilities 366,733 (224,434) 42,114
Net cash provided by operating activities 2,261,477 1,634,780 1,659,388
Cash flows from investing activities:      
Improvements to investments in real estate (2,831,740) (3,525,598) (2,643,097)
Cash paid for business combination / asset acquisitions, net of cash acquired (508,001) (52,297) (1,930,178)
Investments in and advances to unconsolidated entities (315,623) (336,456) (299,427)
Return of investment from unconsolidated entities 99,864 241,984 3,332
Proceeds from sale of assets 1,764,835 2,619,778 271,567
Other investing activities, net (115,492) (62,522) (101,600)
Net cash used in investing activities (1,906,157) (1,115,111) (4,699,403)
Cash flows from financing activities:      
Proceeds from credit facilities 1,636,351 2,870,841 5,510,267
Payments on credit facilities (1,715,044) (3,293,644) (3,820,086)
Borrowings on secured / unsecured debt 2,234,999 869,132 2,791,027
Repayments on secured / unsecured debt (2,119,007) (111,979) (1,036,577)
Capital (distribution to) contributions from noncontrolling interests, net (21,418) 4,474 44,312
General partner contributions 3,650,771 2,207,259 928,432
Payments of dividends and distributions (1,633,247) (1,520,644) (1,450,637)
Other financing activities, net 30,028 (61,965) 52,073
Net cash provided by financing activities 2,063,433 963,474 2,969,149
Net increase in cash, cash equivalents and restricted cash 2,418,753 1,483,143 (70,866)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (178,523) 2,631 70,077
Cash, cash equivalents and restricted cash at beginning of period 1,636,470 150,696 151,485
Cash, cash equivalents and restricted cash at end of period $ 3,876,700 $ 1,636,470 $ 150,696