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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Operating activities:    
Consolidated net earnings $ 1,847,737 $ 1,308,623
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Straight-lined rents and amortization of above and below market leases (109,043) (88,637)
Equity-based compensation awards 84,416 86,360
Depreciation and amortization 1,181,117 1,144,903
Earnings from unconsolidated entities, net (231,286) (216,844)
Operating distributions from unconsolidated entities 311,284 355,395
Decrease in operating receivables from unconsolidated entities 18,036 71,979
Amortization of debt discounts and debt issuance costs, net 6,632 5,568
Gains on dispositions of development properties and land, net (500,410) (383,373)
Gains on other dispositions of investments in real estate, net (358,180) [1] (184,357)
Unrealized foreign currency and derivative losses (gains), net (150,443) 58,645
Losses on early extinguishment of debt, net 187,453 164,606
Deferred income tax expense (benefit) 10,049 (6,564)
Increase in accounts receivable and other assets (223,658) (33,189)
Increase in accounts payable and accrued expenses and other liabilities 206,272 50,220
Net cash provided by operating activities 2,279,976 2,333,335
Investing activities:    
Real estate development (1,770,353) (1,501,089)
Real estate acquisitions (1,196,994) (700,793)
Tenant improvements and lease commissions on previously leased space (233,853) (142,168)
Property improvements (98,874) (91,355)
Proceeds from dispositions and contributions of real estate 2,817,943 1,684,633
Investments in and advances to unconsolidated entities (454,918) (345,310)
Return of investment from unconsolidated entities 56,993 206,741
Proceeds from repayment of notes receivable backed by real estate 0 4,312
Proceeds from the settlement of net investment hedges 0 2,352
Payments on the settlement of net investment hedges (16,513) (7,236)
Net cash used in investing activities (896,569) (2,579,822)
Financing activities:    
Proceeds from issuance of common stock/units 743 1,869
Repurchase and retirement of common stock/units 0 (34,829)
Repurchase of preferred stock/units 0 (7,200)
Dividends/distributions paid on common and preferred stock/units (1,404,360) (1,292,326)
Noncontrolling interests contributions 7,378 916,974
Noncontrolling interests distributions (337,110) (308,658)
Settlement of noncontrolling interests (138,173) (111,777)
Tax paid with shares withheld (18,434) (23,227)
Debt and equity issuance costs paid (22,008) (51,723)
Net payments on credit facilities (70,200) (142,498)
Repurchase of and payments on debt (2,201,383) (6,156,328)
Proceeds from the issuance of debt 2,824,754 7,303,761
Net cash provided by (used in) financing activities (1,358,793) 94,038
Effect of foreign currency exchange rate changes on cash (37,629) 3,787
Net decrease in cash and cash equivalents (13,015) (148,662)
Cash and cash equivalents, beginning of period 598,086 1,088,855
Cash and cash equivalents, end of period 585,071 940,193
Prologis, L.P. [Member]    
Operating activities:    
Consolidated net earnings 1,847,737 1,308,623
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Straight-lined rents and amortization of above and below market leases (109,043) (88,637)
Equity-based compensation awards 84,416 86,360
Depreciation and amortization 1,181,117 1,144,903
Earnings from unconsolidated entities, net (231,286) (216,844)
Operating distributions from unconsolidated entities 311,284 355,395
Decrease in operating receivables from unconsolidated entities 18,036 71,979
Amortization of debt discounts and debt issuance costs, net 6,632 5,568
Gains on dispositions of development properties and land, net (500,410) (383,373)
Gains on other dispositions of investments in real estate, net (358,180) (184,357)
Unrealized foreign currency and derivative losses (gains), net (150,443) 58,645
Losses on early extinguishment of debt, net 187,453 164,606
Deferred income tax expense (benefit) 10,049 (6,564)
Increase in accounts receivable and other assets (223,658) (33,189)
Increase in accounts payable and accrued expenses and other liabilities 206,272 50,220
Net cash provided by operating activities 2,279,976 2,333,335
Investing activities:    
Real estate development (1,770,353) (1,501,089)
Real estate acquisitions (1,196,994) (700,793)
Tenant improvements and lease commissions on previously leased space (233,853) (142,168)
Property improvements (98,874) (91,355)
Proceeds from dispositions and contributions of real estate 2,817,943 1,684,633
Investments in and advances to unconsolidated entities (454,918) (345,310)
Return of investment from unconsolidated entities 56,993 206,741
Proceeds from repayment of notes receivable backed by real estate 0 4,312
Proceeds from the settlement of net investment hedges 0 2,352
Payments on the settlement of net investment hedges (16,513) (7,236)
Net cash used in investing activities (896,569) (2,579,822)
Financing activities:    
Proceeds from issuance of common stock/units 743 1,869
Repurchase and retirement of common stock/units 0 (34,829)
Repurchase of preferred stock/units 0 (7,200)
Dividends/distributions paid on common and preferred stock/units (1,451,319) (1,336,412)
Noncontrolling interests contributions 7,378 916,974
Noncontrolling interests distributions (290,151) (264,572)
Redemption of common limited partnership units (138,173) (111,777)
Tax paid for shares of the Parent withheld (18,434) (23,227)
Debt and equity issuance costs paid (22,008) (51,723)
Net payments on credit facilities (70,200) (142,498)
Repurchase of and payments on debt (2,201,383) (6,156,328)
Proceeds from the issuance of debt 2,824,754 7,303,761
Net cash provided by (used in) financing activities (1,358,793) 94,038
Effect of foreign currency exchange rate changes on cash (37,629) 3,787
Net decrease in cash and cash equivalents (13,015) (148,662)
Cash and cash equivalents, beginning of period 598,086 1,088,855
Cash and cash equivalents, end of period 585,071 940,193
Liberty Transaction [Member]    
Investing activities:    
Transaction, net of cash acquired 0 (24,550)
Liberty Transaction [Member] | Prologis, L.P. [Member]    
Investing activities:    
Transaction, net of cash acquired 0 (24,550)
IPT Transaction [Member]    
Investing activities:    
Transaction, net of cash acquired 0 (1,665,359)
IPT Transaction [Member] | Prologis, L.P. [Member]    
Investing activities:    
Transaction, net of cash acquired $ 0 $ (1,665,359)
[1] During the three and nine months ended September 30, 2021, we sold our ownership interest in an unconsolidated other venture.