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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating activities:    
Consolidated net earnings $ 498,629 $ 1,219,722
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Straight-lined rents and amortization of above and below market leases (143,686) (37,374)
Equity-based compensation awards 62,906 41,429
Depreciation and amortization 602,367 396,647
Earnings from unconsolidated entities, net (75,779) (76,962)
Operating distributions from unconsolidated entities 135,081 95,665
Decrease (increase) in operating receivables from unconsolidated entities 51,164 (819)
Amortization of debt discounts and debt issuance costs, net 17,623 1,980
Gains on dispositions of development properties and land, net 0 (210,206)
Gains on other dispositions of investments in real estate, net (4,047) (584,835)
Unrealized foreign currency and derivative losses (gains), net 10,113 (33,273)
Losses (gains) on early extinguishment of debt, net (3,275) 18,165
Deferred income tax expense 3,577 7,492
Decrease in other assets 21,742 107,702
Decrease in accounts payable and accrued expenses and other liabilities (62,118) (103,806)
Net cash provided by operating activities 1,114,297 841,527
Investing activities:    
Real estate development (936,921) (639,636)
Real estate acquisitions (51,866) (451,343)
Duke Transaction, net of cash acquired (3,828) 0
Tenant improvements and lease commissions on previously leased space (78,955) (85,024)
Property improvements (19,302) (18,280)
Proceeds from dispositions and contributions of real estate 54,903 1,495,260
Investments in and advances to unconsolidated entities (39,677) (34,811)
Return of investment from unconsolidated entities 21,169 14,302
Proceeds from the settlement of net investment hedges 5,323 3,732
Payments on the settlement of net investment hedges 0 (771)
Net cash provided by (used in) investing activities (1,049,154) 283,429
Financing activities:    
Dividends/distributions paid on common and preferred stock/units (806,505) (587,382)
Noncontrolling interests contributions 0 434
Noncontrolling interests distributions (58,653) (129,542)
Settlement of noncontrolling interests (42,269) (26,269)
Tax paid with shares withheld (18,690) (22,602)
Debt and equity issuance costs paid (17,868) (8,058)
Net proceeds from (payments on) credit facilities (1,337,857) (492,552)
Repurchase of and payments on debt (90,793) (332,995)
Proceeds from the issuance of debt 2,545,042 1,841,450
Net cash provided by financing activities 172,407 242,484
Effect of foreign currency exchange rate changes on cash 6,468 (10,807)
Net increase in cash and cash equivalents 244,018 1,356,633
Cash and cash equivalents, beginning of period 278,483 556,117
Cash and cash equivalents, end of period 522,501 1,912,750
Prologis, L.P. [Member]    
Operating activities:    
Consolidated net earnings 498,629 1,219,722
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Straight-lined rents and amortization of above and below market leases (143,686) (37,374)
Equity-based compensation awards 62,906 41,429
Depreciation and amortization 602,367 396,647
Earnings from unconsolidated entities, net (75,779) (76,962)
Operating distributions from unconsolidated entities 135,081 95,665
Decrease (increase) in operating receivables from unconsolidated entities 51,164 (819)
Amortization of debt discounts and debt issuance costs, net 17,623 1,980
Gains on dispositions of development properties and land, net 0 (210,206)
Gains on other dispositions of investments in real estate, net (4,047) (584,835)
Unrealized foreign currency and derivative losses (gains), net 10,113 (33,273)
Losses (gains) on early extinguishment of debt, net (3,275) 18,165
Deferred income tax expense 3,577 7,492
Decrease in other assets 21,742 107,702
Decrease in accounts payable and accrued expenses and other liabilities (62,118) (103,806)
Net cash provided by operating activities 1,114,297 841,527
Investing activities:    
Real estate development (936,921) (639,636)
Real estate acquisitions (51,866) (451,343)
Duke Transaction, net of cash acquired (3,828) 0
Tenant improvements and lease commissions on previously leased space (78,955) (85,024)
Property improvements (19,302) (18,280)
Proceeds from dispositions and contributions of real estate 54,903 1,495,260
Investments in and advances to unconsolidated entities (39,677) (34,811)
Return of investment from unconsolidated entities 21,169 14,302
Proceeds from the settlement of net investment hedges 5,323 3,732
Payments on the settlement of net investment hedges 0 (771)
Net cash provided by (used in) investing activities (1,049,154) 283,429
Financing activities:    
Dividends/distributions paid on common and preferred stock/units (829,490) (606,181)
Noncontrolling interests contributions 0 434
Noncontrolling interests distributions (35,668) (110,743)
Redemption of common limited partnership units (42,269) (26,269)
Tax paid with shares withheld (18,690) (22,602)
Debt and equity issuance costs paid (17,868) (8,058)
Net proceeds from (payments on) credit facilities (1,337,857) (492,552)
Repurchase of and payments on debt (90,793) (332,995)
Proceeds from the issuance of debt 2,545,042 1,841,450
Net cash provided by financing activities 172,407 242,484
Effect of foreign currency exchange rate changes on cash 6,468 (10,807)
Net increase in cash and cash equivalents 244,018 1,356,633
Cash and cash equivalents, beginning of period 278,483 556,117
Cash and cash equivalents, end of period $ 522,501 $ 1,912,750