Prologis, inc. (PLD)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Operating activities:
Consolidated net earnings

1,701

1,822

1,760

1,292

925

739

353

-30

-157

-1,270

23

Adjustments to reconcile net earnings to net cash provided by operating activities:
Straight-lined rents and amortization of above and below market leases

98

66

81

93

59

14

12

62

59

40

38

Equity-based compensation awards

97

76

76

60

53

57

49

32

28

25

17

Depreciation and amortization

1,139

947

879

930

880

642

664

767

603

356

327

Earnings from unconsolidated entities, net

200

298

248

206

159

134

97

31

59

23

28

Operating distributions from unconsolidated entities

346

349

307

286

284

294

68

6

58

79

69

Decrease in operating receivables from unconsolidated entities

-11

39

30

-14

38

7

-7

-

-

-

-

Amortization of debt discounts and debt issuance costs, net

17

12

0

-15

-31

-7

-24

21

43

79

84

Gains on dispositions of development properties and land, net

467

469

327

-

-

-

-

-

-

-

-

Gains on other dispositions of investments in real estate, net

390

371

855

757

-

-

-

-

-

-

-

Debt consent solicitation expenses

-

-

-

-

-

-

-

-

-

-

14

Non-cash Merger, acquisition and other integration expenses

-

-

-

-

-

-

-

17

20

-

0

Impairment of real estate properties and other assets

-

-

-

-

-

-

-

-269

-147

1,149

331

Net gains on dispositions, net of related impairment charges, in discontinued operations

-

-

-

-

-

-

-

-

61

234

264

Impairment of goodwill and other assets

-

-

-

-

-

-

-

-

-

-

163

Gains on dispositions of investments in real estate and revaluation of equity investments upon acquisition of a controlling interest, net

-

-

-

-

758

725

715

348

111

28

-

Unrealized foreign currency and derivative gains, net

-70

120

-68

8

1

-22

-28

-14

38

-11

58

Gains on acquisitions and dispositions of investment in real estate, net

-

-

-

-

-

-

-

-

-

-

180

Gains recognized on property acquisitions and dispositions, net

-

-

-

-

-

-

-

-

-

-

35

Losses on early extinguishment of debt, net

-16

-2

-68

2

-86

-165

-277

-14

0

-201

172

Deferred income tax expense

12

1

-5

-5

-5

-87

-20

-21

-19

-52

-23

Decrease (increase) in accounts receivable, lease right-of-use assets and other assets

108

72

-37

106

64

0

12

178

40

-63

-102

Decrease in accounts payable and accrued expenses, lease liabilities and other liabilities

115

30

36

26

4

-50

-80

-5

-146

-75

-244

Net cash provided by operating activities

2,264

1,803

1,687

1,417

1,116

894

484

463

207

240

89

Investing activities:
Investments in notes receivable backed by real estate and advances on other notes receivable

-

-

-

-

-

-

-

-

55

269

-4

Cash acquired in connection with the Merger

-

-

-

-

-

-

-

-

234

-

-

Real estate development

1,795

1,953

1,606

1,641

1,339

1,064

853

793

811

324

1,241

Real estate acquisitions

1,006

999

442

458

890

612

514

254

214

133

-

Transaction, net of cash acquired

0

45

0

0

-

-

-

-

-

-

-

Tenant improvements and lease commissions on previously leased space

179

134

153

165

154

133

145

133

88

57

49

Property improvements

143

93

110

101

83

78

82

80

55

28

26

Proceeds from dispositions and contributions of real estate properties

2,331

2,310

3,236

2,826

2,795

2,285

5,409

1,975

1,644

1,642

1,520

Investments in and advances to unconsolidated entities

276

160

249

265

474

756

1,221

165

37

335

401

Acquisition of a controlling interest in unconsolidated entities, net of cash received

0

0

374

0

0

590

678

365

-

-

-

Return of investment from unconsolidated entities

389

360

209

776

29

84

411

291

170

220

81

Proceeds from dispositions of China operations and Japan property funds

-

-

-

-

-

-

-

-

-

-

1,345

Proceeds from repayment of notes receivable backed by real estate

0

34

32

202

9

188

0

55

6

18

12

Proceeds from the settlement of net investment hedges

23

29

7

79

129

31

8

-

-

-

-

Payments on the settlement of net investment hedges

30

11

5

0

0

18

0

-

-

-

-

Net cash provided by (used in) investing activities

-685

-663

543

1,252

-4,789

-665

2,333

529

-233

733

1,235

Financing activities:
Proceeds from issuance of common stock/units

6

6

32

39

90

378

1,505

30

1,156

1,162

1,491

Dividends/distributions paid on common and preferred stock/units

1,345

1,123

942

893

804

672

573

567

-

-

-

Repurchase of preferred stock/units

0

0

13

0

0

27

482

-

-

-

-

Noncontrolling interests contributions

11

170

240

2

2,355

468

145

-70

-123

-

-1

Noncontrolling interests distributions

164

224

207

343

215

315

115

-44

-17

-1

-

Dividends paid on common stock

-

-

-

-

-

-

-

-

387

280

271

Dividends paid on preferred stock

-

-

-

-

-

-

-

-

26

25

25

Settlement of noncontrolling interests

109

75

813

3

2

2

250

142

0

-

-

Tax paid for shares withheld

22

26

19

8

12

12

-

-

-

-

-

Debt and equity issuance costs paid

17

17

7

20

32

23

77

10

77

76

125

Net payments on credit facilities

127

-674

283

33

-7

-717

-93

9

-37

-246

-

Repurchase of and payments on debt

3,301

4,166

3,578

-2,301

-3,156

-4,205

-6,012

-1,850

-

-

-

Proceeds from the issuance of debt

3,976

4,899

2,419

1,369

5,381

4,779

3,588

1,433

1,298

1,860

1,448

Repurchase and early extinguishment of debt

-

-

-

-

-

-

-

-

894

3,104

1,226

Proceeds from (payments on) credit facilities, net

-

-

-

-

-

-

-

-

-

-

-2,400

Payments on debt

-

-

-

-

-

-

-

-

975

257

351

Net cash provided by (used in) financing activities

-839

-1,232

-2,606

-2,125

3,595

-350

-2,365

-1,071

163

-969

-1,462

Effect of foreign currency exchange rate changes on cash

5

-10

15

-0

-9

-18

-62

3

1

-1

-2

Net decrease in cash and cash equivalents

744

-103

-360

543

-86

-140

390

-75

138

3

-140

Prologis, L.P. [Member]
Consolidated net earnings

1,701

1,822

1,760

1,292

-

-

-

-

-

-

-

Straight-lined rents and amortization of above and below market leases

98

66

81

93

-

-

-

-

-

-

-

Equity-based compensation awards

97

76

76

60

-

-

-

-

-

-

-

Depreciation and amortization

1,139

947

879

930

-

-

-

-

-

-

-

Earnings from unconsolidated entities, net

200

298

248

206

-

-

-

-

-

-

-

Operating distributions from unconsolidated entities

346

349

307

286

-

-

-

-

-

-

-

Decrease in operating receivables from unconsolidated entities

-11

39

30

-14

-

-

-

-

-

-

-

Amortization of debt discounts and debt issuance costs, net

17

12

0

-15

-

-

-

-

-

-

-

Gains on dispositions of development properties and land, net

467

469

327

-

-

-

-

-

-

-

-

Gains on other dispositions of investments in real estate, net

390

371

855

-

-

-

-

-

-

-

-

Gains on real estate transactions, net

-

-

-

757

-

-

-

-

-

-

-

Unrealized foreign currency and derivative gains, net

-70

120

-68

8

-

-

-

-

-

-

-

Losses on early extinguishment of debt, net

-16

-2

-68

2

-

-

-

-

-

-

-

Deferred income tax expense

12

1

-5

-5

-

-

-

-

-

-

-

Decrease (increase) in accounts receivable, lease right-of-use assets and other assets

108

72

-37

106

-

-

-

-

-

-

-

Decrease in accounts payable and accrued expenses, lease liabilities and other liabilities

115

30

36

26

-

-

-

-

-

-

-

Net cash provided by operating activities

2,264

1,803

1,687

1,417

-

-

-

-

-

-

-

Real estate development

1,795

1,953

1,606

1,641

-

-

-

-

-

-

-

Real estate acquisitions

1,006

999

442

458

-

-

-

-

-

-

-

DCT Transaction, net of cash acquired

0

45

0

0

-

-

-

-

-

-

-

Tenant improvements and lease commissions on previously leased space

179

134

153

165

-

-

-

-

-

-

-

Property improvements

143

93

110

101

-

-

-

-

-

-

-

Proceeds from dispositions and contributions of real estate properties

2,331

2,310

3,236

2,826

-

-

-

-

-

-

-

Investments in and advances to unconsolidated entities

276

160

249

265

-

-

-

-

-

-

-

Acquisition of a controlling interest in unconsolidated entities, net of cash received

0

0

374

0

-

-

-

-

-

-

-

Return of investment from unconsolidated entities

389

360

209

776

-

-

-

-

-

-

-

Proceeds from repayment of notes receivable backed by real estate

0

34

32

202

-

-

-

-

-

-

-

Proceeds from the settlement of net investment hedges

23

29

7

79

-

-

-

-

-

-

-

Payments on the settlement of net investment hedges

30

11

5

0

-

-

-

-

-

-

-

Net cash provided by (used in) investing activities

-685

-663

543

1,252

-

-

-

-

-

-

-

Proceeds from issuance of common stock/units

6

6

32

39

-

-

-

-

-

-

-

Dividends/distributions paid on common and preferred stock/units

1,396

1,168

980

931

-

-

-

-

-

-

-

Repurchase of preferred stock/units

0

0

13

0

-

-

-

-

-

-

-

Noncontrolling interests contributions

11

170

240

2

-

-

-

-

-

-

-

Noncontrolling interests distributions

114

180

170

306

-

-

-

-

-

-

-

Settlement of noncontrolling interests

22

22

790

2

-

-

-

-

-

-

-

Redemption of common limited partnership units

87

53

23

0

-

-

-

-

-

-

-

Tax paid for shares of the Parent withheld

22

26

19

8

-

-

-

-

-

-

-

Debt and equity issuance costs paid

17

17

7

20

-

-

-

-

-

-

-

Net payments on credit facilities

127

-674

283

33

-

-

-

-

-

-

-

Repurchase of and payments on debt

3,301

4,166

3,578

-2,301

-

-

-

-

-

-

-

Proceeds from the issuance of debt

3,976

4,899

2,419

1,369

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

-839

-1,232

-2,606

-2,125

-

-

-

-

-

-

-

Effect of foreign currency exchange rate changes on cash

5

-10

15

-0

-

-

-

-

-

-

-

Net decrease in cash and cash equivalents

744

-103

-360

543

-

-

-

-

-

-

-