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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating activities:    
Consolidated net earnings $ 976,102 $ 784,591
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Straight-lined rents and amortization of above and below market leases (52,911) (51,925)
Equity-based compensation awards 59,806 51,944
Depreciation and amortization 744,165 568,385
Earnings from unconsolidated entities, net (142,872) (105,222)
Operating distributions from unconsolidated entities 182,739 179,913
Decrease (increase) in operating receivables from unconsolidated entities (176,939) 27,952
Amortization of debt discounts and debt issuance costs, net 3,465 8,419
Gains on dispositions of development properties and land, net (249,166) (239,382)
Gains on other dispositions of investments in real estate, net (75,430) (173,021)
Unrealized foreign currency and derivative gains, net (42,904) (3,836)
Losses on early extinguishment of debt, net 66,340 2,501
Deferred income tax expense 831 9,235
Decrease (increase) in accounts receivable, lease right-of-use assets and other assets 79,095 (11,740)
Decrease in accounts payable and accrued expenses, lease liabilities and other liabilities (16,972) (44,293)
Decrease (increase) in operating receivables from unconsolidated entities 176,939 (27,952)
Net cash provided by operating activities 1,355,349 1,003,521
Investing activities:    
Real estate development (977,602) (755,588)
Real estate acquisitions (560,418) (468,796)
Tenant improvements and lease commissions on previously leased space (84,884) (80,969)
Property improvements (51,456) (42,015)
Proceeds from dispositions and contributions of real estate properties 1,257,908 1,272,298
Investments in and advances to unconsolidated entities (286,846) (186,179)
Return of investment from unconsolidated entities 141,489 359,306
Proceeds from repayment of notes receivable backed by real estate 4,312 0
Proceeds from the settlement of net investment hedges 2,352 12,240
Payments on the settlement of net investment hedges (7,031) (28,524)
Net cash provided by (used in) investing activities (2,251,163) 81,773
Financing activities:    
Proceeds from issuance of common stock/units 1,851 4,372
Repurchase and retirement of common stock (34,829) 0
Dividends/distributions paid on common and preferred stock/units (861,737) (672,363)
Noncontrolling interests contributions 916,974 9,071
Noncontrolling interests distributions (185,546) (90,155)
Settlement of noncontrolling interests (42,743) (95,884)
Tax paid with shares withheld (23,133) (21,859)
Debt and equity issuance costs paid (40,979) (14,912)
Net proceeds from (payments on) credit facilities (62,481) 58,974
Repurchase of and payments on debt (4,690,444) (2,108,889)
Proceeds from the issuance of debt 5,377,430 1,897,745
Net cash provided by (used in) financing activities 354,363 (1,033,900)
Effect of foreign currency exchange rate changes on cash 1,725 5,940
Net increase (decrease) in cash and cash equivalents (539,726) 57,334
Cash and cash equivalents, beginning of period 1,088,855 343,856
Cash and cash equivalents, end of period 549,129 401,190
Prologis, L.P. [Member]    
Operating activities:    
Consolidated net earnings 976,102 784,591
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Straight-lined rents and amortization of above and below market leases (52,911) (51,925)
Equity-based compensation awards 59,806 51,944
Depreciation and amortization 744,165 568,385
Earnings from unconsolidated entities, net (142,872) (105,222)
Operating distributions from unconsolidated entities 182,739 179,913
Decrease (increase) in operating receivables from unconsolidated entities 176,939 (27,952)
Amortization of debt discounts and debt issuance costs, net 3,465 8,419
Gains on dispositions of development properties and land, net (249,166) (239,382)
Gains on other dispositions of investments in real estate, net (75,430) (173,021)
Unrealized foreign currency and derivative gains, net (42,904) (3,836)
Losses on early extinguishment of debt, net 66,340 2,501
Deferred income tax expense 831 9,235
Decrease (increase) in accounts receivable, lease right-of-use assets and other assets 79,095 (11,740)
Decrease in accounts payable and accrued expenses, lease liabilities and other liabilities (16,972) (44,293)
Decrease (increase) in operating receivables from unconsolidated entities (176,939) 27,952
Net cash provided by operating activities 1,355,349 1,003,521
Investing activities:    
Real estate development (977,602) (755,588)
Real estate acquisitions (560,418) (468,796)
Tenant improvements and lease commissions on previously leased space (84,884) (80,969)
Property improvements (51,456) (42,015)
Proceeds from dispositions and contributions of real estate properties 1,257,908 1,272,298
Investments in and advances to unconsolidated entities (286,846) (186,179)
Return of investment from unconsolidated entities 141,489 359,306
Proceeds from repayment of notes receivable backed by real estate 4,312 0
Proceeds from the settlement of net investment hedges 2,352 12,240
Payments on the settlement of net investment hedges (7,031) (28,524)
Net cash provided by (used in) investing activities (2,251,163) 81,773
Financing activities:    
Proceeds from issuance of common stock/units 1,851 4,372
Repurchase and retirement of common stock (34,829) 0
Dividends/distributions paid on common and preferred stock/units (891,185) (698,207)
Noncontrolling interests contributions 916,974 9,071
Noncontrolling interests distributions (156,098) (64,311)
Settlement of noncontrolling interests (203) (21,093)
Redemption of common limited partnership units (42,540) (74,791)
Tax paid for shares of the Parent withheld (23,133) (21,859)
Debt and equity issuance costs paid (40,979) (14,912)
Net proceeds from (payments on) credit facilities (62,481) 58,974
Repurchase of and payments on debt (4,690,444) (2,108,889)
Proceeds from the issuance of debt 5,377,430 1,897,745
Net cash provided by (used in) financing activities 354,363 (1,033,900)
Effect of foreign currency exchange rate changes on cash 1,725 5,940
Net increase (decrease) in cash and cash equivalents (539,726) 57,334
Cash and cash equivalents, beginning of period 1,088,855 343,856
Cash and cash equivalents, end of period 549,129 401,190
Liberty Transaction [Member]    
Investing activities:    
Transaction, net of cash acquired (23,463) 0
Liberty Transaction [Member] | Prologis, L.P. [Member]    
Investing activities:    
Transaction, net of cash acquired (23,463) 0
IPT Transaction [Member]    
Investing activities:    
Transaction, net of cash acquired (1,665,524) 0
IPT Transaction [Member] | Prologis, L.P. [Member]    
Investing activities:    
Transaction, net of cash acquired $ (1,665,524) $ 0