Prologis, Inc. PLD Cash Flow

Prologis, inc. (PLD)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Operating activities:
Consolidated net earnings
521,164	426,242	491,013	410,826	373,765	690,490	375,520	364,991	391,959	338,873	913,417	287,980	220,689	466,702	307,242	295,791	222,805	126,757	307,186	140,260	351,312	427,724	147,127	152,430	12,003	68,269	-7,167	-4,985	296,932	-215,340	-32,898	4,669	213,097	-40,015	65,868	-143,627	-40,164
Adjustments to reconcile net earnings to net cash provided by operating activities:
Straight-lined rents and amortization of above and below market leases
23,738	21,269	25,232	24,013	27,912	21,566	19,003	11,309	15,060	14,787	17,314	23,423	25,497	18,944	31,551	22,830	20,283	22,082	22,178	10,527	4,832	3,179	-12,791	10,938	13,066	-25,345	10,220	10,544	16,661	15,249	11,836	16,561	18,644	16,111	19,905	10,766	12,602
Equity-based compensation awards
31,808	25,090	20,523	20,186	31,758	18,064	18,947	19,086	19,996	18,549	20,487	19,224	18,380	16,683	14,446	16,747	12,465	13,541	13,406	13,484	13,234	14,436	14,056	13,748	15,238	14,986	12,263	12,235	9,755	8,084	7,885	8,046	8,123	6,512	17,369	6,576	-1,537
Depreciation and amortization
345,970	289,240	282,254	284,376	284,009	286,758	252,702	203,673	204,081	222,501	201,903	228,145	226,591	225,736	224,867	230,382	250,000	272,906	247,471	190,188	169,808	171,402	149,202	161,577	160,280	167,922	159,242	159,412	177,431	189,561	198,296	187,777	191,825	198,304	198,031	124,428	83,121
Earnings from unconsolidated entities, net
88,730	48,654	46,302	48,556	56,666	116,421	56,634	62,549	62,656	76,300	55,066	68,596	48,605	60,685	45,857	41,454	58,311	52,879	33,557	41,784	31,042	54,877	28,514	21,151	29,746	37,666	26,365	8,421	24,768	11,229	2,563	3,889	13,995	-	-	-	-
Operating distributions from unconsolidated entities
106,732	76,525	90,079	83,512	96,401	99,114	74,803	90,731	85,229	75,779	90,185	63,909	77,347	76,212	63,284	67,067	80,088	78,733	141,850	31,720	32,361	216,188	68,310	-15,633	26,025	-2,915	19,922	26,375	24,937	-23,740	15,860	13,159	1,302	22,439	19,542	-6,063	23,063
Decrease in operating receivables from unconsolidated entities
-60,739	-111,319	127,714	21,536	-49,488	45,823	656	-73,812	67,223	11,363	-98,145	121,555	-3,880	42,169	-34,096	7,703	-30,599	18,032	7,634	4,874	7,645	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of debt discounts and debt issuance costs, net
1,175	4,364	4,223	4,257	4,162	4,120	2,562	2,957	3,014	2,336	2,860	-1,540	-2,905	-2,090	-3,431	-4,225	-5,391	-9,570	-7,885	-7,967	-6,419	-5,233	-13,737	6,320	5,326	-31,224	2,184	1,907	2,492	3,648	4,216	5,462	7,682	7,664	8,302	14,755	12,835
Gains on dispositions of development properties and land, net
162,750	-	-	-	42,441	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gains on other dispositions of investments in real estate, net
31,491	-145,476	123,314	266,636	145,767	-112,251	194,058	94,261	195,111	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash Merger, acquisition and other integration expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,073	9,129	2,804	2,575	-	-	-	-
Impairment of real estate properties and other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-239,951	-48,418	0	19,320	-	-	-	-
Net gains on dispositions, net of related impairment charges, in discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-10,788	9,874	11,249	38,369	11,410	8,175	3,876
Gains on dispositions of investments in real estate and revaluation of equity investments upon acquisition of a controlling interest, net
-	-	-	-	-	-	-	-	-	-	779,053	83,006	97,325	-	117,296	200,350	144,317	103,599	268,791	108,782	277,715	388,095	151,057	169,583	17,055	-	-	-	-	67,647	12,677	520	267,771	-	-	-	-
Unrealized foreign currency and derivative gains, net
109,726	-122,066	47,537	-3,322	7,158	47,238	20,525	86,740	-34,145	-13,310	-20,380	-23,188	-12,078	29,318	2,120	-8,307	-15,079	7,950	-11,437	-28,354	32,860	-20,578	19,425	6,410	-27,828	-31,619	8,923	-7,878	1,955	666	-5,841	14,526	-24,243	-6,638	53,688	-10,287	1,635
Gains on acquisitions and dispositions of investment in real estate, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	87,304	74,502	344,679	-	-	-	-	-	-	-	3,725
Losses on early extinguishment of debt, net
-42,800	0	-13,599	-385	-2,116	57	-1,955	-702	0	-	-	-	-	0	1,492	2,044	-1,052	-69,778	0	-236	-16,289	-1,939	-86,076	-77,558	273	-112,859	-114,196	-32,608	-17,351	-19,033	0	-500	5,419	-	-	-	-
Deferred income tax expense
2,993	2,452	534	8,442	793	2,527	115	870	-2,064	-4,808	-2,465	-171	2,439	-3,788	2,865	-3,983	-619	-3,299	-2,955	145	1,052	-2,646	-33,658	-51,968	1,032	-13,244	1,168	-4,351	-3,640	-11,214	-1,884	-9,920	1,051	-22,558	1,773	118	864
Decrease (increase) in accounts receivable, lease right-of-use assets and other assets
-105,648	82,316	14,109	-1,730	13,470	-4,320	41,519	33,051	2,705	38,892	-14,718	-27,982	-33,470	154,568	-33,904	-2,872	-11,455	-3,494	53,614	-14,044	28,673	-20,595	-14,546	-19,585	54,819	-24,814	92,705	-22,043	-32,936	-8,063	82,876	58,141	45,433	3,096	-16,664	-2,535	56,198
Decrease in accounts payable and accrued expenses, lease liabilities and other liabilities
-123,468	33,376	126,136	9,871	-54,164	12,933	106,485	-44,929	-44,364	-12,467	106,956	9,633	-67,748	31,212	94,840	11,207	-110,746	11,972	75,932	29,860	-113,338	32,357	-100,796	78,088	-60,530	-6,291	52,389	-85,227	-40,991	-25,849	75,514	-20,316	-35,272	-64,094	-85,563	-13,311	16,057
Net cash provided by operating activities
679,093	616,374	644,139	508,607	494,914	529,641	500,694	423,983	349,241	326,933	615,153	392,366	352,794	419,994	363,351	349,784	283,876	359,770	400,668	274,357	81,532	443,686	144,921	233,623	72,243	152,741	128,680	74,428	129,140	90,144	213,243	88,670	71,435	102,117	120,844	-18,459	2,562
Investing activities:
Investments in notes receivable backed by real estate and advances on other notes receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	110,000	0	-55,000
Real estate development
443,044	523,481	516,068	386,992	368,596	620,221	544,319	422,767	365,837	510,510	380,329	394,308	320,986	415,947	450,068	431,590	343,955	389,705	279,682	333,101	337,416	287,983	331,136	200,833	244,268	311,404	227,909	152,096	161,673	198,284	213,578	209,761	171,726	165,132	262,409	182,748	200,746
Real estate acquisitions
439,059	345,207	192,040	194,268	274,528	490,476	219,624	176,410	112,621	147,518	93,090	69,730	132,358	177,719	144,690	68,761	67,346	318,815	277,812	224,712	68,844	222,512	207,566	104,945	77,307	112,253	65,402	281,049	55,907	80,922	98,669	64,448	10,375	-	-	-	-
Tenant improvements and lease commissions on previously leased space
39,396	50,861	47,444	40,631	40,338	43,674	31,852	31,315	28,027	40,813	37,100	35,064	40,278	40,892	36,382	47,090	41,569	45,902	43,285	34,577	30,800	38,145	32,672	29,794	33,346	40,100	34,646	40,728	29,950	41,638	31,098	30,496	30,326	32,642	27,529	15,907	12,290
Property improvements
13,639	53,897	47,117	28,403	13,612	30,600	29,184	22,833	10,456	41,937	31,445	26,402	10,851	35,379	36,202	19,375	10,721	31,977	25,285	14,487	11,602	30,695	28,249	12,090	7,576	26,232	26,269	17,097	13,012	32,174	23,523	12,888	12,027	18,277	23,560	9,191	4,674
Proceeds from dispositions and contributions of real estate properties
723,887	562,327	496,998	676,802	595,496	1,002,854	405,726	322,379	579,429	882,056	1,518,440	293,915	542,192	967,091	575,191	680,739	603,387	980,717	887,699	601,003	325,830	630,934	785,181	788,142	81,231	1,496,075	293,596	369,383	3,250,691	964,247	119,523	175,770	715,496	831,966	201,815	215,877	394,494
Investments in and advances to unconsolidated entities
251,673	19,442	70,548	110,620	75,559	43,353	33,755	31,119	52,131	5,434	99,407	38,236	106,658	37,363	83,301	28,270	117,017	35,456	98,123	217,152	123,689	-568,114	668,178	328,031	328,321	184,745	438,039	339,957	258,414	94,804	19,841	18,642	31,724	28,084	21,000	0	-11,329
Return of investment from unconsolidated entities
139,900	29,357	800	3,767	355,539	184,678	40,960	23,429	111,211	65,547	9,927	25,134	108,543	197,416	45,801	422,192	111,141	14,497	-52,127	32,187	34,849	-104,372	61,128	34,919	92,460	54,884	209,308	64,814	82,847	53,895	28,950	174,263	34,571	55,783	57,119	18,563	38,693
Proceeds from repayment of notes receivable backed by real estate
4,312	0	0	0	0	0	0	0	34,260	0	0	17,006	15,094	1,700	0	3,750	197,500	0	0	0	9,866	-	-	-	-	-	-	-	-	-	-	-	-	0	-3,245	3,245	6,450
Proceeds from the settlement of net investment hedges
2,352	0	11,400	2,479	9,761	26,055	3,370	0	0	0	0	5,752	1,789	62,999	0	15,899	869	6,644	0	121,048	1,457	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on the settlement of net investment hedges
5,599	1,900	0	0	28,524	5,352	2,385	0	3,966	0	0	5,058	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) investing activities
-2,009,173	-403,104	-364,019	-77,866	159,639	-19,691	-457,331	-338,636	151,862	201,391	512,391	-226,991	56,487	521,906	-129,651	527,494	332,289	180,003	111,385	-4,880,271	-200,349	-61,806	-413,841	327,513	-517,127	667,254	-751,184	-396,730	2,814,582	577,492	-238,236	13,798	176,561	565,458	-150,663	-826,116	178,256
Financing activities:
Proceeds from issuance of common stock/units
850	183	1,527	1,890	2,482	1,738	831	3,089	1,233	2,174	5,310	23,475	1,899	1,369	27,747	9,162	1,192	6,146	750	1,294	82,068	363,162	3,584	4,036	7,465	3,397	52	1,497,140	5,202	1,539	6,378	4,473	18,591	0	0	1,156,462	31
Repurchase and retirement of common stock
34,829	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends/distributions paid on common and preferred stock/units
430,766	336,698	336,599	336,269	336,094	303,791	304,331	257,558	257,687	235,624	236,468	235,720	235,072	224,071	224,041	222,784	222,559	211,902	211,606	190,604	190,585	169,931	166,014	168,004	168,241	142,766	142,898	147,662	140,528	-	-	-	-	-	-	-	-
Noncontrolling interests contributions
916,974	2,528	5	2,533	6,538	64,771	79,121	25,324	850	105,068	0	135,857	0	1,142	201	569	256	899	0	2,354,468	0	1,264	2,519	12,170	452,327	34,970	33,568	68,584	8,400	-29,039	-78,701	24,086	12,834	-	-	-	-
Noncontrolling interests distributions
132,025	33,334	40,930	42,512	47,643	56,658	46,668	80,122	41,402	75,784	32,108	63,907	35,989	42,282	87,005	135,375	78,888	58,223	119,449	16,040	22,028	46,026	9,241	258,988	1,171	170,296	-45,473	-1,468	-7,356	-21,529	-14,716	-4,385	-3,440	-5,672	-11,536	-255	85
Dividends paid on common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	129,237	130,980	128,942	129,949	128,154	64,987	64,043
Dividends paid on preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,305	10,305	16,659	3,952	10,305	6,354	6,354
Settlement of noncontrolling interests
16,811	2,945	10,982	55,661	40,223	23,506	28,646	7,992	15,776	23,831	390	-177	789,803	104	0	851	2,128	0	397	2,163	0	-	-	-	-	-	-	-	-	4,400	10,141	124,385	3,138	-	-	-	-
Tax paid for shares withheld
22,736	501	74	765	21,094	-186	0	215	26,479	149	732	-285	19,179	708	561	33	7,268	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt and equity issuance costs paid
31,118	2,645	99	220	14,692	1,079	9,981	5,384	1,002	34	869	5,416	735	858	4,400	14,550	315	13,536	6,982	8,602	2,892	4,102	1,220	12,439	5,659	-	-	-	-	218	1,051	6,884	2,810	4,651	5,274	64,277	3,039
Net payments on credit facilities
-125,166	184,018	-115,426	83,539	-24,565	-184,252	-183,221	-319,224	12,138	317,000	0	0	-33,745	36,980	-30	-306,498	302,983	-207,928	-235,492	368,811	66,639	-739,445	711,778	-82,206	-607,496	-	-	-	-496,045	-261,814	50,136	272,194	-51,452	-	-	-	-
Repurchase of and payments on debt
4,065,075	22,056	5,388,660	-3,527,327	1,418,438	878,072	4,539,846	-555,819	-696,011	6,307,087	-725,679	-1,800,719	-201,800	-625,829	-398,507	-468,002	-809,309	-2,243,116	-4,704	-595,469	-313,005	-474,762	-750,135	-2,270,509	-710,400	-2,026,652	-1,125,793	-1,228,450	-1,631,538	-	-	-	-	-	-	-	-
Proceeds from the issuance of debt
4,991,113	55,228	2,023,983	752,650	1,145,095	937,653	2,240,234	1,193,626	528,167	125,756	160,000	1,648,545	485,496	357,559	495,286	217,548	299,497	2,142,601	39,723	2,851,688	347,850	755,165	538,921	2,320,505	1,165,359	-	-	-	-	43,270	11,865	355,452	1,022,667	413,071	367	720,950	164,503
Repurchase and early extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	461,910	852,477	-	-	-	-
Proceeds from (payments on) credit facilities, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	219,604	-269,817
Payments on debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13,766	77,040	75,392	37,202	41,149	880,764	16,351
Net cash provided by (used in) financing activities
1,050,411	-156,222	350,523	-285,266	-748,634	-443,010	-288,847	-4,275	-495,969	-649,297	-830,936	-297,423	-828,928	-496,802	-191,310	-920,814	-516,539	-585,065	-550,449	4,763,383	-31,953	-327,665	327,752	-483,078	132,184	-436,512	356,667	-23,912	-2,261,865	-725,633	-105,977	-159,683	-80,218	-710,701	-11,375	1,080,549	-195,155
Effect of foreign currency exchange rate changes on cash
-1,315	6,813	-6,839	4,685	1,255	1,354	-6,784	-11,341	5,919	-707	764	7,573	8,160	-12,902	509	6,020	6,031	-1,061	-2,196	1,543	-7,909	-15,402	-14,380	483	10,457	-14,047	2,106	-53,721	2,692	619	-4,473	7,110	-114	2,449	-2,950	175	1,447
Net decrease in cash and cash equivalents
-280,984	63,861	623,804	150,160	-92,826	68,294	-252,268	69,731	11,053	-121,680	297,372	-124,475	-411,487	432,196	42,899	-37,516	105,657	-46,353	-40,592	159,012	-158,679	38,813	44,452	78,541	-302,243	369,436	-263,731	-399,935	684,549	-57,378	-135,443	-50,105	167,664	-40,677	-44,144	236,149	-12,890
Prologis, L.P. [Member]
Consolidated net earnings
521,164	426,242	491,013	410,826	373,765	690,490	375,520	364,991	391,959	-	-	-	220,689	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Straight-lined rents and amortization of above and below market leases
23,738	21,269	25,232	24,013	27,912	21,566	19,003	11,309	15,060	-	-	-	25,497	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity-based compensation awards
31,808	25,090	20,523	20,186	31,758	18,064	18,947	19,086	19,996	-	-	-	18,380	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
345,970	289,240	282,254	284,376	284,009	286,758	252,702	203,673	204,081	-	-	-	226,591	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings from unconsolidated entities, net
88,730	48,654	46,302	48,556	56,666	116,421	56,634	62,549	62,656	-	-	-	48,605	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating distributions from unconsolidated entities
106,732	76,525	90,079	83,512	96,401	99,114	74,803	90,731	85,229	-	-	-	77,347	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Decrease in operating receivables from unconsolidated entities
-60,739	-111,319	127,714	21,536	-49,488	45,823	656	-73,812	67,223	-	-	-	-3,880	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of debt discounts and debt issuance costs, net
1,175	4,364	4,223	4,257	4,162	4,120	2,562	2,957	3,014	-	-	-	-2,905	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gains on dispositions of development properties and land, net
162,750	-	-	-	42,441	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gains on other dispositions of investments in real estate, net
31,491	-	-	-	145,767	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gains on real estate transactions, net
-	-	-	-	-	-	194,058	94,261	195,111	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized foreign currency and derivative gains, net
109,726	-122,066	47,537	-3,322	7,158	47,238	20,525	86,740	-34,145	-	-	-	-12,078	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gains on dispositions of investments in real estate, net
-	-	-	-	-	-	-	-	-	-	-	-	97,325	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Losses on early extinguishment of debt, net
-42,767	-40	-13,585	-385	-2,116	71	-1,955	-702	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income tax expense
2,993	2,452	534	8,442	793	2,527	115	870	-2,064	-	-	-	2,439	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Decrease (increase) in accounts receivable, lease right-of-use assets and other assets
-105,648	82,316	14,109	-1,730	13,470	-4,320	41,519	33,051	2,705	-	-	-	-33,470	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Decrease in accounts payable and accrued expenses, lease liabilities and other liabilities
-123,468	33,376	126,136	9,871	-54,164	12,933	106,485	-44,929	-44,364	-	-	-	-67,748	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities
679,093	616,374	644,139	508,607	494,914	529,641	500,694	423,983	349,241	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities
-	-	-	-	-	-	-	-	-	-	-	-	352,794	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Real estate development
443,044	523,481	516,068	386,992	368,596	620,221	544,319	422,767	365,837	-	-	-	320,986	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by investing activities
-	-	-	-	-	-	-	-	-	-	-	-	56,487	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Real estate acquisitions
439,059	345,207	192,040	194,268	274,528	490,476	219,624	176,410	112,621	-	-	-	132,358	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tenant improvements and lease commissions on previously leased space
39,396	50,861	47,444	40,631	40,338	43,674	31,852	31,315	28,027	-	-	-	40,278	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property improvements
13,639	53,897	47,117	28,403	13,612	30,600	29,184	22,833	10,456	-	-	-	10,851	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from dispositions and contributions of real estate properties
723,887	562,327	496,998	676,802	595,496	1,002,854	405,726	322,379	579,429	-	-	-	542,192	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investments in and advances to unconsolidated entities
251,673	19,442	70,548	110,620	75,559	43,353	33,755	31,119	52,131	-	-	-	106,658	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Return of investment from unconsolidated entities
139,900	29,357	800	3,767	355,539	184,678	40,960	23,429	111,211	-	-	-	108,543	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from repayment of notes receivable backed by real estate
4,312	0	0	0	0	0	0	0	34,260	-	-	-	15,094	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from the settlement of net investment hedges
2,352	0	11,400	2,479	9,761	26,055	3,370	0	0	-	-	-	1,789	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on the settlement of net investment hedges
5,599	1,900	0	0	28,524	5,352	2,385	0	3,966	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) investing activities
-2,009,173	-403,104	-364,019	-77,866	159,639	-19,691	-457,331	-338,636	151,862	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of common stock/units
850	183	1,527	1,890	2,482	1,738	831	3,089	1,233	-	-	-	1,899	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase and retirement of common stock
34,829	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends/distributions paid on common and preferred stock/units
445,554	349,021	348,823	348,976	349,231	315,776	316,207	268,007	268,143	-	-	-	244,497	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Noncontrolling interests contributions
916,974	2,528	5	2,533	6,538	64,771	79,121	25,324	850	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Noncontrolling interests distributions
117,237	21,011	28,706	29,805	34,506	44,673	34,792	69,673	30,946	-	-	-	26,564	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Settlement of noncontrolling interests
0	3	1,375	0	21,093	13,437	3,342	3,429	2,520	-	-	-	789,803	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Redemption of common limited partnership units
16,811	2,942	9,607	55,661	19,130	10,069	25,304	4,563	13,256	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-828,928	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax paid for shares withheld
-	-	-	-	-	-	-	-	-	-	-	-	19,179	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax paid for shares of the Parent withheld
22,736	501	74	765	21,094	-186	0	215	26,479	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt and equity issuance costs paid
31,118	2,645	99	220	14,692	1,079	9,981	5,384	1,002	-	-	-	735	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net payments on credit facilities
-125,166	184,018	-115,426	83,539	-24,565	-184,252	-183,221	-319,224	12,138	-	-	-	-33,745	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase of and payments on debt
4,065,075	22,056	5,388,660	-3,527,327	1,418,438	878,072	4,539,846	-555,819	-696,011	-	-	-	-201,800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from the issuance of debt
4,991,113	55,228	2,023,983	752,650	1,145,095	937,653	2,240,234	1,193,626	528,167	-	-	-	485,496	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
1,050,411	-156,222	350,523	-285,266	-748,634	-443,010	-288,847	-4,275	-495,969	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Effect of foreign currency exchange rate changes on cash
-1,315	6,813	-6,839	4,685	1,255	1,354	-6,784	-11,341	5,919	-	-	-	8,160	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net decrease in cash and cash equivalents
-280,984	63,861	623,804	150,160	-92,826	68,294	-252,268	69,731	11,053	-	-	-	-411,487	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Liberty Transaction [Member]
Transaction, net of cash acquired
22,659	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
IPT Transaction [Member]
Transaction, net of cash acquired
1,664,555	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-