XML 38 R9.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Statements of Capital - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2020
Mar. 31, 2020
Dec. 31, 2019
Mar. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Consolidated net earnings $ 308,007 $ 521,164 $ 426,242 $ 373,765 $ 1,616,630 $ 1,701,846 $ 1,822,960
Effect of equity compensation plans         109,985 104,709 85,775
Issuance of units related to acquisitions         48,533    
Repurchase of preferred units         (7,200)    
Capital contributions         917,092 11,604 181,866
Redemption of noncontrolling interests         (116,978) (108,433) (75,920)
Purchase of noncontrolling interests           (13,250)  
Contribution to Brazil venture           (12,630)  
Unrealized losses on derivative contracts, net         (14,117) (1,335) (1,323)
DCT Transaction [Member]              
Issuance of units related to acquisitions             6,620,721
Noncontrolling Interests [Member]              
Consolidated net earnings         134,816 128,887 173,599
Effect of equity compensation plans         82,233 67,691 52,219
Issuance of units related to acquisitions         48,533    
Capital contributions         917,092 11,604 181,866
Redemption of noncontrolling interests         (147,712) (141,323) (64,663)
Purchase of noncontrolling interests           (15,383)  
Contribution to Brazil venture           (12,630)  
Unrealized losses on derivative contracts, net         $ (375) $ (36) (38)
Noncontrolling Interests [Member] | DCT Transaction [Member]              
Issuance of units related to acquisitions             298,092
Limited Partners [Member]              
Consolidated net earnings 308,007 $ 521,164 $ 426,242 373,765      
Class A Common [Member]              
Beginning balance, Units   8,600     8,600    
Ending balance, Units     8,600     8,600  
Prologis, L.P. [Member]              
Beginning balance   $ 26,071,784   25,800,888 $ 26,071,784 $ 25,800,888 18,705,741
Consolidated net earnings         1,616,630 1,701,846 1,822,960
Effect of equity compensation plans         109,985 104,709 85,775
Issuance of units related to acquisitions         48,533    
Repurchase of common units         (34,829)    
Repurchase of preferred units         (7,200)    
Capital contributions         917,092 11,604 181,866
Redemption of noncontrolling interests           (21,093) (22,728)
Purchase of noncontrolling interests           (13,250)  
Redemption of limited partnership units         (116,978) (87,340) (53,192)
Contribution to Brazil venture           (12,630)  
Foreign currency translation gains (losses), net         (194,673) 98,482 (190,590)
Unrealized losses on derivative contracts, net         (14,117) (1,335) (1,323)
Distributions ($2.32 per common unit for twelve months ended December 31, 2020 , $2.12 per common unit for twelve months ended December 31, 2019, $1.92 per common unit for twelve months ended December 31, 2018 ) and other         (2,085,173) (1,510,097) (1,348,342)
Ending balance 36,324,580   $ 26,071,784   36,324,580 26,071,784 25,800,888
Prologis, L.P. [Member] | Liberty Transaction [Member]              
Transaction, net of issuance costs         10,013,526    
Prologis, L.P. [Member] | DCT Transaction [Member]              
Transaction, net of issuance costs             6,620,721
Prologis, L.P. [Member] | Noncontrolling Interests [Member]              
Beginning balance   2,775,394   2,836,469 2,775,394 2,836,469 2,660,242
Consolidated net earnings         93,195 82,222 124,712
Capital contributions         917,092 11,604 181,866
Redemption of noncontrolling interests           (13,048) (11,471)
Purchase of noncontrolling interests           (15,383)  
Contribution to Brazil venture           (12,630)  
Foreign currency translation gains (losses), net         92 188 (3,416)
Distributions ($2.32 per common unit for twelve months ended December 31, 2020 , $2.12 per common unit for twelve months ended December 31, 2019, $1.92 per common unit for twelve months ended December 31, 2018 ) and other         (303,143) (114,028) (180,084)
Ending balance 3,483,526   2,775,394   3,483,526 2,775,394 2,836,469
Prologis, L.P. [Member] | Noncontrolling Interests [Member] | Liberty Transaction [Member]              
Transaction, net of issuance costs         896    
Prologis, L.P. [Member] | Noncontrolling Interests [Member] | DCT Transaction [Member]              
Transaction, net of issuance costs             64,620
Prologis, L.P. [Member] | Preferred [Member] | General Partner              
Beginning balance   $ 68,948   $ 68,948 $ 68,948 $ 68,948 $ 68,948
Beginning balance, Units   1,379   1,379 1,379 1,379 1,379
Repurchase of preferred units         $ (5,000)    
Redemption of preferred units, units         (100)    
Ending balance $ 63,948   $ 68,948   $ 63,948 $ 68,948 $ 68,948
Ending balance, Units 1,279   1,379   1,279 1,379 1,379
Prologis, L.P. [Member] | Common [Member] | General Partner              
Beginning balance   $ 22,584,179   $ 22,229,145 $ 22,584,179 $ 22,229,145 $ 15,562,210
Beginning balance, Units   631,797   629,616 631,797 629,616 532,186
Consolidated net earnings         $ 1,481,814 $ 1,572,959 $ 1,649,361
Effect of equity compensation plans         $ 27,752 $ 37,018 $ 33,556
Effect of equity compensation plans, units         690 961 1,251
Repurchase of common units         $ (34,829)    
Repurchases of common units, units         (539)    
Repurchase of preferred units         $ (2,200)    
Redemption of noncontrolling interests           $ (8,045) $ (11,257)
Purchase of noncontrolling interests           2,133  
Redemption of limited partnership units         $ 30,734 $ 40,935  
Redemption of limited partners units, units         710 1,220  
Foreign currency translation gains (losses), net         $ (189,599) $ 95,572 (181,728)
Unrealized losses on derivative contracts, net         (13,742) (1,299) (1,285)
Reallocation of capital         (55,413) (38,561) (20,849)
Distributions ($2.32 per common unit for twelve months ended December 31, 2020 , $2.12 per common unit for twelve months ended December 31, 2019, $1.92 per common unit for twelve months ended December 31, 2018 ) and other         (1,723,537) (1,345,678) (1,123,492)
Ending balance $ 31,907,599   $ 22,584,179   $ 31,907,599 $ 22,584,179 $ 22,229,145
Ending balance, Units 739,381   631,797   739,381 631,797 629,616
Prologis, L.P. [Member] | Common [Member] | General Partner | Liberty Transaction [Member]              
Transaction, net of issuance costs         $ 9,802,440    
Transaction, net of issuance costs, units         106,723    
Prologis, L.P. [Member] | Common [Member] | General Partner | DCT Transaction [Member]              
Transaction, net of issuance costs             $ 6,322,629
Transaction, net of issuance costs, units             96,179
Prologis, L.P. [Member] | Common [Member] | Limited Partners [Member]              
Beginning balance   $ 355,076   $ 371,281 $ 355,076 $ 371,281 $ 165,401
Beginning balance, Units   9,933   10,516 9,933 10,516 5,656
Consolidated net earnings         $ 25,359 $ 26,211 $ 24,422
Effect of equity compensation plans         $ 82,233 $ 67,691 $ 52,219
Effect of equity compensation plans, units         1,362 1,525 2,087
Issuance of units related to acquisitions         $ 48,533    
Issuance of units related to acquisitions, units         461    
Redemption of limited partnership units         $ (146,990) $ (120,387) $ (50,390)
Redemption of limited partners units, units         (1,902) (2,108) (778)
Foreign currency translation gains (losses), net         $ (3,113) $ 1,502 $ (3,035)
Unrealized losses on derivative contracts, net         (226) (19) (21)
Reallocation of capital         (10,868) 36,603 (28,969)
Distributions ($2.32 per common unit for twelve months ended December 31, 2020 , $2.12 per common unit for twelve months ended December 31, 2019, $1.92 per common unit for twelve months ended December 31, 2018 ) and other         (36,240) (27,806) (21,818)
Ending balance $ 523,954   $ 355,076   $ 523,954 $ 355,076 $ 371,281
Ending balance, Units 12,142   9,933   12,142 9,933 10,516
Prologis, L.P. [Member] | Common [Member] | Limited Partners [Member] | Liberty Transaction [Member]              
Transaction, net of issuance costs         $ 210,190    
Transaction, net of issuance costs, units         2,288    
Prologis, L.P. [Member] | Common [Member] | Limited Partners [Member] | DCT Transaction [Member]              
Transaction, net of issuance costs             $ 233,472
Transaction, net of issuance costs, units             3,551
Prologis, L.P. [Member] | Class A Common [Member] | Limited Partners [Member]              
Beginning balance   $ 288,187   $ 295,045 $ 288,187 $ 295,045 $ 248,940
Beginning balance, Units   8,613   8,849 8,613 8,849 8,894
Consolidated net earnings         $ 16,262 $ 20,454 $ 24,465
Redemption of limited partnership units         $ (722) $ (7,888) $ (2,802)
Redemption of limited partners units, units         (18) (236) (45)
Foreign currency translation gains (losses), net         $ (2,053) $ 1,220 $ (2,411)
Unrealized losses on derivative contracts, net         (149) (17) (17)
Reallocation of capital         66,281 1,958 49,818
Distributions ($2.32 per common unit for twelve months ended December 31, 2020 , $2.12 per common unit for twelve months ended December 31, 2019, $1.92 per common unit for twelve months ended December 31, 2018 ) and other         (22,253) (22,585) (22,948)
Ending balance $ 345,553   $ 288,187   $ 345,553 $ 288,187 $ 295,045
Ending balance, Units 8,595   8,613   8,595 8,613 8,849