Selected Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2017

Quarterly Financial Information Disclosure [Abstract]

Selected Quarterly Financial Data (Unaudited)

NOTE 20. SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)  

The following table details our selected quarterly financial data (in thousands, except per share and unit data):

	Three Months Ended,
Prologis, Inc.	March 31,			June 30,			September 30,			December 31,
2017:
Rental revenues	$	439,884		$	447,960		$	416,427		$	433,568
Rental recoveries	$	127,049		$	128,417		$	114,755		$	117,081
Total revenues	$	629,155		$	766,183		$	602,874		$	619,922
Rental expenses	$	(152,656	)	$	(147,794	)	$	(128,735	)	$	(140,338	)
Operating income	$	161,886		$	275,272		$	175,491		$	158,417
Consolidated net earnings	$	220,689		$	287,980		$	913,417		$	338,873
Net earnings attributable to common stockholders	$	203,255		$	266,943		$	876,218		$	295,515
Net earnings per share attributable to common      stockholders – Basic (1)	$	0.38		$	0.50		$	1.65		$	0.56
Net earnings per share attributable to common      stockholders – Diluted (1) (2)	$	0.38		$	0.50		$	1.63		$	0.55
2016:
Rental revenues	$	437,104		$	426,150		$	435,868		$	435,722
Rental recoveries	$	117,012		$	119,981		$	124,409		$	124,163
Total revenues	$	606,300		$	602,155		$	704,565		$	620,115
Rental expenses	$	(146,581	)	$	(140,725	)	$	(140,514	)	$	(141,050	)
Operating income	$	129,198		$	142,348		$	232,624		$	164,208
Consolidated net earnings	$	222,805		$	295,791		$	307,242		$	466,702
Net earnings attributable to common stockholders	$	208,041		$	275,383		$	279,255		$	440,539
Net earnings per share attributable to common      stockholders – Basic (1)	$	0.40		$	0.52		$	0.53		$	0.83
Net earnings per share attributable to common      stockholders – Diluted (1) (2)	$	0.39		$	0.52		$	0.52		$	0.82
Prologis, L.P.
2017:
Rental revenues	$	439,884		$	447,960		$	416,427		$	433,568
Rental recoveries	$	127,049		$	128,417		$	114,755		$	117,081
Total revenues	$	629,155		$	766,183		$	602,874		$	619,922
Rental expenses	$	(152,656	)	$	(147,794	)	$	(128,735	)	$	(140,338	)
Operating income	$	161,886		$	275,272		$	175,491		$	158,417
Consolidated net earnings	$	220,689		$	287,980		$	913,417		$	338,873
Net earnings attributable to common unitholders	$	208,878		$	274,320		$	900,331		$	303,416
Net earnings per unit attributable to common unitholders –      Basic (1)	$	0.38		$	0.50		$	1.65		$	0.56
Net earnings per unit attributable to common unitholders –      Diluted (1) (2)	$	0.38		$	0.50		$	1.63		$	0.55
2016:
Rental revenues	$	437,104		$	426,150		$	435,868		$	435,722
Rental recoveries	$	117,012		$	119,981		$	124,409		$	124,163
Total revenues	$	606,300		$	602,155		$	704,565		$	620,115
Rental expenses	$	(146,581	)	$	(140,725	)	$	(140,514	)	$	(141,050	)
Operating income	$	129,198		$	142,348		$	232,624		$	164,208
Consolidated net earnings	$	222,805		$	295,791		$	307,242		$	466,702
Net earnings attributable to common unitholders	$	214,275		$	283,699		$	286,943		$	452,602
Net earnings per unit attributable to common unitholders –      Basic (1)	$	0.40		$	0.52		$	0.53		$	0.83
Net earnings per unit attributable to common unitholders –      Diluted (1) (2)	$	0.39		$	0.52		$	0.52		$	0.82

(1) Quarterly earnings per common share or unit amounts may not total to the annual amounts due to rounding and the changes in the number of weighted average common shares or units outstanding included in the calculation of basic and diluted shares or units.

(2) Income allocated to the exchangeable OP units not held by the Parent has been included in the numerator and exchangeable OP units have been included in the denominator for the purpose of computing diluted earnings per share for all periods since the per share and unit is the same.