XML 108 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Revenues:      
Rental income $ 1,376,836 $ 744,540 $ 692,984
Private capital revenue 137,619 122,526 144,963
CDFS disposition proceeds     180,237
Development management and other income 18,836 17,521 8,987
Total revenues 1,533,291 884,587 1,027,171
Expenses:      
Rental expenses 384,652 215,208 214,101
Private capital expenses 54,962 40,659 43,416
General and administrative expenses 195,161 165,981 192,231
Merger, acquisition and other integration expenses 140,495    
Impairment of real estate properties 21,237 736,612 331,592
Depreciation and amortization 585,323 311,268 266,364
Other expenses 24,031 16,355 24,025
Total expenses 1,405,861 1,486,083 1,071,729
Operating income (loss) 127,430 (601,496) (44,558)
Other income (expense):      
Earnings from unconsolidated investees, net 59,935 23,678 28,059
Interest expense (468,738) (461,166) (372,768)
Impairment of goodwill and other assets (126,432) (412,745) (163,644)
Interest and other income (expense), net 12,008 15,847 (39,349)
Gains on acquisitions and dispositions of investments in real estate, net 111,684 28,488 35,262
Foreign currency exchange and derivative gains (losses), net 41,172 (11,081) 35,626
Gain (loss) on early extinguishment of debt, net 258 (201,486) 172,258
Total other income (expense) (370,113) (1,018,465) (304,556)
Loss before income taxes (242,683) (1,619,961) (349,114)
Current income tax expense 21,579 21,724 29,262
Deferred income tax benefit (19,803) (52,223) (23,287)
Total income tax expense (benefit) 1,776 (30,499) 5,975
Loss from continuing operations (244,459) (1,589,462) (355,089)
Discontinued operations:      
Income attributable to disposed properties and assets held for sale 27,907 84,435 114,239
Net gains on dispositions, net of related impairment charges and taxes 58,614 234,574 264,779
Total discontinued operations 86,521 319,009 379,018
Consolidated net earnings (loss) (157,938) (1,270,453) 23,929
Net loss (earnings) attributable to noncontrolling interests 4,524 (43) (1,156)
Net earnings (loss) attributable to controlling interests (153,414) (1,270,496) 22,773
Less preferred share dividends 34,696 25,424 25,423
Net loss attributable to common shares (188,110) (1,295,920) (2,650)
Weighted average common shares outstanding - Basic 370,534 219,515 179,966
Weighted average common shares outstanding - Diluted 370,534 219,515 179,966
Net earnings (loss) per share Attributable to common shares - Basic:      
Continuing operations $ (0.74) $ (7.35) $ (2.12)
Discontinued operations $ 0.23 $ 1.45 $ 2.11
Net loss per share attributable to common shares - Basic $ (0.51) $ (5.90) $ (0.01)
Net earnings (loss) per share attributable to common shares - Diluted:      
Continuing operations $ (0.74) $ (7.35) $ (2.12)
Discontinued operations $ 0.23 $ 1.45 $ 2.11
Net loss per share attributable to common shares - Diluted $ (0.51) $ (5.90) $ (0.01)
Dividends per common share $ 1.06 $ 1.25 $ 1.57
Prologis, L.P.
     
Revenues:      
Rental income 1,376,836 744,540 692,984
Private capital revenue 137,619 122,526 144,963
CDFS disposition proceeds     180,237
Development management and other income 18,836 17,521 8,987
Total revenues 1,533,291 884,587 1,027,171
Expenses:      
Rental expenses 384,652 215,208 214,101
Private capital expenses 54,962 40,659 43,416
General and administrative expenses 195,161 165,981 192,231
Merger, acquisition and other integration expenses 140,495    
Impairment of real estate properties   736,612 331,592
Depreciation and amortization 585,323 311,268 266,364
Other expenses 24,031 16,355 24,025
Total expenses 1,405,861 1,486,083 1,071,729
Operating income (loss) 127,430 (601,496) (44,558)
Other income (expense):      
Earnings from unconsolidated investees, net 59,935 23,678 28,059
Interest expense (468,738) (461,166) (372,796)
Impairment of goodwill and other assets (126,432) (412,745) (163,644)
Interest and other income (expense), net 12,008 15,847 (39,349)
Gains on acquisitions and dispositions of investments in real estate, net 111,684 28,488 35,262
Foreign currency exchange and derivative gains (losses), net 41,172 (11,081) 35,626
Gain (loss) on early extinguishment of debt, net 258 (201,486) 172,258
Total other income (expense) (370,113) (1,018,465) (304,556)
Loss before income taxes (242,683) (1,619,961) (349,114)
Current income tax expense 21,579 21,724 29,262
Deferred income tax benefit (19,803) (52,223) (23,287)
Total income tax expense (benefit) 1,776 (30,499) 5,975
Loss from continuing operations 244,459 (1,589,462) (355,089)
Discontinued operations:      
Income attributable to disposed properties and assets held for sale 27,907 84,435 114,239
Net gains on dispositions, net of related impairment charges and taxes 58,614 234,574 264,779
Total discontinued operations 86,521 319,009 379,018
Consolidated net earnings (loss) (157,938) (1,270,453) 23,929
Net loss (earnings) attributable to noncontrolling interests 4,175 (43) (1,156)
Net earnings (loss) attributable to controlling interests (153,763) (1,270,496) 22,773
Less preferred share dividends 34,696 25,424 25,423
Net loss attributable to common shares $ (188,459) $ (1,295,920) $ (2,650)
Weighted average common shares outstanding - Basic 371,730 219,515 179,966
Weighted average common shares outstanding - Diluted 371,730 219,515 179,966
Net earnings (loss) per share Attributable to common shares - Basic:      
Continuing operations $ (0.74) $ (7.35) $ (2.12)
Discontinued operations $ 0.23 $ 1.45 $ 2.11
Net loss per share attributable to common shares - Basic $ (0.51) $ (5.90) $ (0.01)
Net earnings (loss) per share attributable to common shares - Diluted:      
Continuing operations $ (0.74) $ (7.35) $ (2.12)
Discontinued operations $ 0.23 $ 1.45 $ 2.11
Net loss per share attributable to common shares - Diluted $ (0.51) $ (5.90) $ (0.01)
Dividends per common share $ 1.06 $ 1.25 $ 1.57