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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating activities:      
Consolidated net earnings $ 1,760,959 $ 1,292,540 $ 925,515
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Straight-lined rents and amortization of above and below market leases (81,021) (93,608) (59,619)
Equity-based compensation awards 76,640 60,341 53,665
Depreciation and amortization 879,140 930,985 880,373
Earnings from unconsolidated entities, net (248,567) (206,307) (159,262)
Distributions from unconsolidated entities 307,220 286,651 284,664
Decrease (increase) in operating receivables from unconsolidated entities (30,893) 14,823 (38,185)
Amortization of debt discounts (premiums), net of debt issuance costs 751 (15,137) (31,841)
Gains on dispositions of investments in real estate and revaluation of equity investments upon acquisition of a controlling interest, net (1,182,965) (757,398) (758,887)
Unrealized foreign currency and derivative losses (gains), net 68,956 (8,052) (1,019)
Losses (gains) on early extinguishment of debt, net 68,379 (2,484) 86,303
Deferred income tax benefit (5,005) (5,525) (5,057)
Decrease (increase) in accounts receivable and other assets 37,278 (106,337) (64,749)
Increase in accounts payable and accrued expenses and other liabilities 36,374 26,513 4,426
Net cash provided by operating activities 1,687,246 1,417,005 1,116,327
Investing activities:      
Real estate development (1,606,133) (1,641,560) (1,339,904)
Real estate acquisitions (442,696) (458,516) (890,183)
Tenant improvements and lease commissions on previously leased space (153,255) (165,933) (154,564)
Nondevelopment capital expenditures (110,635) (101,677) (83,351)
Proceeds from dispositions and contributions of real estate properties 3,236,603 2,826,408 2,795,249
Investments in and advances to unconsolidated entities (249,735) (265,951) (474,420)
Acquisition of a controlling interest in an unconsolidated venture, net of cash received (374,605) 0 0
Return of investment from unconsolidated entities 209,151 776,550 29,406
Proceeds from repayment of notes receivable backed by real estate 32,100 202,950 9,866
Proceeds from the settlement of net investment hedges 7,541 79,767 129,149
Payments on the settlement of net investment hedges (5,058) 0 (981)
Net cash provided by (used in) investing activities 543,278 1,252,038 (4,789,232)
Financing activities:      
Proceeds from issuance of common stock 32,858 39,470 90,258
Dividends paid on common and preferred stock (942,884) (893,455) (804,697)
Repurchase of preferred stock (13,182) 0 0
Noncontrolling interests contributions 240,925 2,168 2,355,367
Noncontrolling interests distributions (207,788) (343,550) (215,740)
Purchase of noncontrolling interests (813,847) (3,083) (2,560)
Tax paid for shares withheld (19,775) (8,570) (12,298)
Debt and equity issuance costs paid (7,054) (20,123) (32,012)
Net proceeds from (payments on) credit facilities 283,255 33,435 (7,970)
Repurchase and payments of debt (3,578,889) (2,301,647) (3,156,294)
Proceeds from issuance of debt 2,419,797 1,369,890 5,381,862
Net cash provided by (used in) financing activities (2,606,584) (2,125,465) 3,595,916
Effect of foreign currency exchange rate changes on cash 15,790 (342) (9,623)
Net increase (decrease) in cash and cash equivalents (360,270) 543,236 (86,612)
Cash and cash equivalents, beginning of year 807,316 264,080 350,692
Cash and cash equivalents, end of year 447,046 807,316 264,080
Prologis, L.P. [Member]      
Operating activities:      
Consolidated net earnings 1,760,959 1,292,540 925,515
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Straight-lined rents and amortization of above and below market leases (81,021) (93,608) (59,619)
Equity-based compensation awards 76,640 60,341 53,665
Depreciation and amortization 879,140 930,985 880,373
Earnings from unconsolidated entities, net (248,567) (206,307) (159,262)
Distributions from unconsolidated entities 307,220 286,651 284,664
Decrease (increase) in operating receivables from unconsolidated entities (30,893) 14,823 (38,185)
Amortization of debt discounts (premiums), net of debt issuance costs 751 (15,137) (31,841)
Gains on dispositions of investments in real estate and revaluation of equity investments upon acquisition of a controlling interest, net (1,182,965) (757,398) (758,887)
Unrealized foreign currency and derivative losses (gains), net 68,956 (8,052) (1,019)
Losses (gains) on early extinguishment of debt, net 68,379 (2,484) 86,303
Deferred income tax benefit (5,005) (5,525) (5,057)
Decrease (increase) in accounts receivable and other assets 37,278 (106,337) (64,749)
Increase in accounts payable and accrued expenses and other liabilities 36,374 26,513 4,426
Net cash provided by operating activities 1,687,246 1,417,005 1,116,327
Investing activities:      
Real estate development (1,606,133) (1,641,560) (1,339,904)
Real estate acquisitions (442,696) (458,516) (890,183)
Tenant improvements and lease commissions on previously leased space (153,255) (165,933) (154,564)
Nondevelopment capital expenditures (110,635) (101,677) (83,351)
Proceeds from dispositions and contributions of real estate properties 3,236,603 2,826,408 2,795,249
Investments in and advances to unconsolidated entities (249,735) (265,951) (474,420)
Acquisition of a controlling interest in an unconsolidated venture, net of cash received (374,605) 0 0
Return of investment from unconsolidated entities 209,151 776,550 29,406
Proceeds from repayment of notes receivable backed by real estate 32,100 202,950 9,866
Proceeds from the settlement of net investment hedges 7,541 79,767 129,149
Payments on the settlement of net investment hedges (5,058) 0 (981)
Net cash provided by (used in) investing activities 543,278 1,252,038 (4,789,232)
Financing activities:      
Proceeds from issuance of common stock 32,858 39,470 90,258
Dividends paid on common and preferred stock (980,105) (931,559) (820,989)
Repurchase of preferred stock (13,182) 0 0
Noncontrolling interests contributions 240,925 2,168 2,355,367
Noncontrolling interests distributions (170,567) (306,297) (199,845)
Purchase of noncontrolling interests (790,016) (2,232) (2,163)
Redemption of common limited partnership units (23,831) 0 0
Tax paid for shares withheld (19,775) (8,570) (12,298)
Debt and equity issuance costs paid (7,054) (20,123) (32,012)
Net proceeds from (payments on) credit facilities 283,255 33,435 (7,970)
Repurchase and payments of debt (3,578,889) (2,301,647) (3,156,294)
Proceeds from issuance of debt 2,419,797 1,369,890 5,381,862
Net cash provided by (used in) financing activities (2,606,584) (2,125,465) 3,595,916
Effect of foreign currency exchange rate changes on cash 15,790 (342) (9,623)
Net increase (decrease) in cash and cash equivalents (360,270) 543,236 (86,612)
Cash and cash equivalents, beginning of year 807,316 264,080 350,692
Cash and cash equivalents, end of year 447,046 807,316 264,080
KTR Capital Partners and Affiliates [Member]      
Investing activities:      
KTR transaction, net of cash received 0 0 (4,809,499)
KTR Capital Partners and Affiliates [Member] | Prologis, L.P. [Member]      
Investing activities:      
KTR transaction, net of cash received $ 0 $ 0 $ (4,809,499)