Prologis, Inc. PLD Income Statement

Prologis, inc. (PLD)

Income statement / TTM

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	Sep'10	Jun'10
Revenues:
Rental
3,013	2,831	2,787	2,685	2,529	2,388	2,630	2,437	2,341	2,225	1,739	1,759	1,737	1,734	1,734	1,716	1,648	1,536	1,408	1,265	1,202	1,178	1,172	1,188	1,181	1,227	1,284	1,365	1,449	1,459	1,349	1,318	1,169	1,007	953	800	0	0	0
Rental recoveries
-	-	-	-	-	-	-	-	-	-	494	504	495	485	485	476	459	437	406	372	355	348	331	332	321	331	340	354	374	364	366	328	0	-	0	0	-	-	-
Strategic capital
514	491	519	360	347	406	347	344	449	373	362	436	309	303	331	233	226	217	177	187	216	219	229	223	191	179	157	140	128	126	135	138	140	137	127	120	0	0	0
Development management and other
8	6	4	5	6	9	9	10	18	19	21	19	13	9	3	5	5	6	12	13	14	13	12	9	10	11	11	10	9	9	7	10	17	18	22	20	0	0	0
Total revenues
3,536	3,330	3,311	3,051	2,882	2,804	2,617	2,537	2,682	2,618	2,618	2,720	2,555	2,533	2,556	2,432	2,340	2,197	2,004	1,839	1,788	1,760	1,746	1,754	1,705	1,750	1,794	1,870	1,961	1,960	1,881	1,851	1,671	1,421	1,248	998	0	0	0
Expenses:
Rental
773	734	727	693	645	600	563	545	559	569	570	582	574	568	578	578	563	544	501	463	446	430	427	431	432	451	467	486	502	491	461	455	406	348	314	248	0	0	0
Strategic capital
193	184	181	153	151	157	149	150	167	155	150	159	135	128	129	111	108	108	117	113	116	115	96	96	93	89	83	76	66	63	63	64	61	54	49	41	0	0	0
General and administrative
266	266	257	254	246	238	241	237	239	231	227	228	225	222	225	221	216	217	205	209	217	229	244	241	236	229	226	227	224	228	218	215	216	195	179	164	0	0	0
Depreciation and amortization
1,201	1,139	1,137	1,107	1,027	947	882	832	856	879	882	905	907	930	978	1,000	960	880	778	680	651	642	636	642	636	648	658	693	716	724	710	702	642	542	464	358	0	0	0
Other
23	13	12	13	14	13	14	14	12	12	10	11	12	14	34	39	65	66	52	48	23	23	24	26	27	26	26	26	26	26	26	25	23	24	22	23	0	0	0
Total expenses
2,459	2,338	2,316	2,223	2,084	1,957	1,852	1,779	1,836	1,847	1,841	1,886	1,854	1,864	1,946	1,951	1,915	1,816	1,655	1,514	1,456	1,440	1,430	1,438	1,426	1,446	1,730	1,808	1,856	1,867	1,586	1,551	1,520	1,326	1,151	946	0	0	0
Operating income before gains on real estate transactions, net
1,077	991	995	828	798	847	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gains on dispositions of development properties and land, net
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gains on other dispositions of investments in real estate, net
275	390	381	451	321	371	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Merger, acquisition and other integration expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	80	71	63	145	140	0	0	0	-	0
Impairment of real estate properties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	252	0	0	0	-	-	-	-	-	-
Operating income
1,941	1,849	1,888	1,792	1,632	1,687	2,430	2,230	2,224	1,954	776	833	701	668	609	480	425	380	349	324	332	319	316	315	278	304	63	61	104	92	295	299	151	94	96	51	0	0	0
Other income (expense):
Earnings from unconsolidated entities, net
232	200	267	278	292	298	258	256	262	248	232	223	196	206	198	186	186	159	161	156	135	134	117	114	102	97	70	46	42	31	24	52	60	59	65	37	0	0	0
Interest expense
255	239	241	245	242	229	229	229	248	274	283	294	295	303	315	320	313	301	292	280	292	308	322	338	350	379	413	451	486	505	510	523	509	466	459	442	0	0	0
Interest and other income, net
16	24	18	19	20	14	13	16	12	13	10	8	8	8	13	16	17	25	25	19	22	25	24	29	29	26	24	27	29	22	24	20	19	12	14	8	0	0	0
Gains on real estate transactions, net
-	-	-	-	-	-	-	-	-	-	1,254	593	710	757	565	717	625	758	1,043	925	986	725	489	384	275	597	470	437	376	305	278	273	375	111	150	153	0	0	0
Foreign currency and derivative gains, net
62	-41	121	83	166	117	54	13	-91	-57	-12	4	14	7	-13	-21	-36	12	-20	9	44	-17	-30	-44	-62	-33	-0	-13	7	-20	-22	36	13	41	49	-9	0	0	0
Losses on early extinguishment of debt, net
-56	-16	-17	-5	-4	-2	-1	-30	0	-	0	0	-	2	-67	-68	-71	-86	-18	-104	-181	-165	-276	-304	-259	-277	-183	-68	-36	-14	4	0	0	-	0	-	-	0	0
Impairment of other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16	119	0	0	-	-	0	-	-	0
Total other income
-0	-73	149	130	232	198	-902	-160	-230	-138	1,172	506	637	678	381	509	408	568	897	725	715	393	1	-158	-264	31	-30	-21	-67	-195	-239	-174	-177	-367	-285	-357	0	0	0
Earnings before income taxes
1,941	1,776	2,038	1,923	1,865	1,886	1,528	2,070	1,993	1,815	1,949	1,340	1,339	1,347	991	989	833	948	1,247	1,049	1,047	713	317	157	13	336	33	40	36	-102	56	125	-26	-273	-188	-305	0	0	0
Current income tax expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	62	33	26	-17	25	38	27	21	12	17	0	0	0
Deferred income tax benefit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	18	15	9	14	-33	-29	-19	-19	4	-37	0	0	0
Total income tax expense
91	74	71	72	60	63	56	60	61	54	60	58	48	54	38	37	36	23	20	-16	-30	-25	-3	32	61	106	80	48	36	-3	-7	9	7	1	17	-19	0	0	0
Earnings from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	229	-54	-15	-6	-106	63	116	-33	-274	-205	-285	0	0	0
Income attributable to disposed properties and assets held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6	19	25	30	40	54	57	61	58	49	57	0	0	0
Net gains on dispositions, including taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	116	105	33	29	35	26	69	67	58	29	19	0	0	0
Total discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	123	124	59	59	75	80	127	128	117	79	77	0	0	0
Consolidated net earnings
1,849	1,701	1,966	1,850	1,804	1,822	1,471	2,009	1,932	1,760	1,888	1,282	1,290	1,292	952	952	797	925	1,226	1,066	1,078	739	379	225	68	353	69	43	53	-30	144	243	95	-157	-126	-208	0	0	0
Less net earnings attributable to noncontrolling interests
133	128	182	170	174	173	119	126	117	108	95	85	85	82	64	85	64	56	66	29	102	103	74	67	3	10	24	25	21	9	1	-1	-4	-4	0	0	0	0	0
Net earnings attributable to controlling interests
1,715	1,572	1,784	1,679	1,630	1,649	1,352	1,882	1,814	1,652	1,793	1,196	1,205	1,209	887	867	732	869	1,159	1,036	976	636	287	143	64	342	63	32	32	-39	143	245	99	-153	-126	-209	0	0	0
Less preferred stock/unit dividends/distributions
6	6	5	5	5	5	5	6	6	6	6	6	6	6	6	6	6	6	6	6	6	7	7	8	10	18	26	34	40	41	41	41	38	34	30	26	0	0	0
Loss on preferred stock/unit repurchase
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	9	0	0	0	-	-	-	-	-	-	-	-	-	-
Net earnings attributable to common stockholders/unitholders
1,709	1,566	1,778	1,673	1,624	1,643	1,342	1,872	1,804	1,641	1,786	1,189	1,198	1,203	881	860	725	862	1,153	1,030	962	622	272	128	54	315	27	-11	-17	-80	102	204	60	-188	-157	-236	0	0	0
Weighted average common shares/units outstanding - Basic
698	631	630	630	629	630	574	532	532	531	531	530	528	528	527	524	524	523	523	523	514	501	499	499	498	498	497	486	461	460	460	459	459	461	458	307	254	212	0
Weighted average common shares/units outstanding - Diluted
723	654	655	655	654	654	597	554	554	552	554	552	550	550	547	545	543	544	532	530	529	488	516	516	504	499	499	487	478	449	461	459	476	462	462	307	254	212	0
Continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.03	-0.10	-0.03	0.56	-0.63	-0.05	-0.06	0.39	-0.12	0.07	-0.55	-0.23	-0.19	-0.21
Discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.12	0.08	0.03	0.02	0.13	-0.05	0.04	0.05	0.16	0.05	0.06	0.05	0.12	0.10
Net earnings per share/unit attributable to common stockholders/unitholders - Basic
0.70	0.61	0.71	0.61	0.55	0.98	0.60	0.63	0.69	0.57	1.65	0.50	0.38	0.84	0.53	0.52	0.40	0.23	0.49	0.27	0.67	0.82	0.27	0.15	0.01	0.09	-0.02	0.00	0.58	-0.50	-0.10	-0.02	0.44	0.04	0.12	-0.49	-0.18	-0.07	-0.11
Net earnings per share attributable to common stockholders/unitholders Diluted
Continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.03	-0.10	-0.03	0.55	-0.62	-0.05	-0.06	0.39	-0.11	0.07	-0.55	-0.23	-0.19	-0.21
Discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.12	0.08	0.03	0.02	0.12	-0.05	0.04	0.05	0.15	0.05	0.06	0.05	0.12	0.10
Net earnings per share/unit attributable to common stockholders/unitholders - Diluted
0.70	0.60	0.71	0.60	0.55	0.97	0.60	0.62	0.68	0.55	1.63	0.50	0.38	0.84	0.52	0.52	0.39	0.23	0.49	0.27	0.65	0.87	0.23	0.13	0.01	0.09	-0.02	0.00	0.57	-0.50	-0.10	-0.02	0.44	0.04	0.12	-0.49	-0.18	-0.07	-0.11
Dividends or distributions per common share or unit
-	-	-	-	-	-	-	-	-	-	0.44	0.44	0.44	0.42	0.42	0.42	0.42	0.40	0.40	0.36	0.36	0.33	0.33	0.33	0.33	0.28	0.28	0.28	0.28	0.28	0.28	0.28	0.28	0.28	0.28	0.25	0.25	0.34	0.34
Distributions per common unit
-	-	-	-	-	-	-	-	-	-	0.44	0.44	0.44	-	0.42	0.42	-	-	-	-	-	-	0.33	0.33	0.33	-	0.28	0.28	0.28	0.28	0.28	0.28	0.28	0.28	0.28	0.25	0.25	0.34	0.34
Prologis, L.P. [Member]
Rental
3,013	2,831	2,787	2,685	2,529	2,388	0	2,437	2,341	2,225	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Rental recoveries
-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Strategic capital
514	491	519	360	347	406	347	344	449	373	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Development management and other
8	6	4	5	6	9	9	10	18	19	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total revenues
3,536	3,330	3,311	3,051	2,882	2,804	2,617	2,537	2,682	2,618	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Rental
773	734	727	693	645	600	0	545	559	569	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Strategic capital
193	184	181	153	151	157	149	150	167	155	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General and administrative
266	266	257	254	246	238	0	237	239	231	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
1,201	1,139	1,137	1,107	1,027	947	0	832	856	879	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
23	13	12	13	14	13	0	14	12	12	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total expenses
2,459	2,338	2,316	2,223	2,084	1,957	1,852	1,779	1,836	1,847	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating income before gains on real estate transactions, net
1,077	991	995	828	798	847	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gains on dispositions of development properties and land, net
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gains on other dispositions of investments in real estate, net
275	390	381	451	321	371	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating income
1,941	1,849	1,888	1,792	1,632	1,687	0	2,230	2,224	1,954	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings from unconsolidated entities, net
232	200	267	278	292	298	0	256	262	248	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense
255	239	241	245	242	229	0	229	248	274	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest and other income, net
16	24	18	19	20	14	0	16	12	13	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Foreign currency and derivative gains, net
62	-41	121	83	166	117	0	13	-91	-57	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gains on dispositions of investments in real estate, net
-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Losses on early extinguishment of debt, net
-56	-16	-16	-5	-4	-2	0	-30	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total other income
-0	-73	149	130	232	198	0	-160	-230	-138	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before income taxes
1,941	1,776	2,038	1,923	1,865	1,886	0	2,070	1,993	1,815	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total income tax expense
91	74	71	72	60	63	0	60	61	54	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Consolidated net earnings
1,849	1,701	1,966	1,850	1,804	1,822	0	2,009	1,932	1,760	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less net earnings attributable to noncontrolling interests
83	82	128	120	125	124	0	74	67	63	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net earnings attributable to controlling interests
1,765	1,619	1,837	1,730	1,679	1,698	0	1,934	1,864	1,697	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less preferred stock/unit dividends/distributions
6	6	5	5	5	5	0	6	6	6	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net earnings attributable to common stockholders/unitholders
1,759	1,613	1,831	1,724	1,673	1,692	0	1,924	1,854	1,686	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted average common shares/units outstanding - Basic
710	641	641	641	640	640	583	540	538	537	537	536	534	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted average common shares/units outstanding - Diluted
723	654	655	655	654	654	597	554	554	552	554	552	550	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net earnings per share/unit attributable to common stockholders/unitholders - Basic
0.70	0.61	0.71	0.61	0.55	0.98	0.60	0.63	0.69	0.57	1.65	0.50	0.38	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net earnings per share/unit attributable to common stockholders/unitholders - Diluted
0.70	0.60	0.71	0.60	0.55	0.97	0.60	0.62	0.68	0.55	1.63	0.50	0.38	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends or distributions per common share or unit
-	-	-	-	-	-	-	-	-	-	0.44	0.44	0.44	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-