For the year ending 2025-12-31, PLDGP had -$172,944K decrease in cash & cash equivalents over the period.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Consolidated net earnings | - | 3,947,935 | 3,253,145 | 3,555,398 |
| Straight-lined rents and amortization of above and below market leases | - | 644,606 | 613,005 | 267,709 |
| Equity-based compensation awards | - | 231,747 | 267,648 | 175,356 |
| Depreciation and amortization | - | 2,580,519 | 2,484,891 | 1,812,777 |
| Consolidated net earnings | 3,565,299 | - | - | - |
| Earnings from unconsolidated entities, net | - | 353,623 | 307,227 | 310,872 |
| Straight-lined rents and amortization of above and below market leases | 691,090 | - | - | - |
| Operating distributions from unconsolidated entities | - | 562,475 | 680,192 | 410,483 |
| Equity-based compensation awards | 185,466 | - | - | - |
| Decrease (increase) in operating receivables from unconsolidated entities | - | -20,532 | 82,375 | 63,947 |
| Depreciation and amortization | 2,626,028 | - | - | - |
| Amortization of debt discounts and debt issuance costs, net | - | 78,885 | 74,589 | 23,736 |
| Earnings from unconsolidated entities, net | 402,531 | - | - | - |
| Gains on dispositions of development properties and land, net | - | 413,743 | 462,270 | 597,745 |
| Operating distributions from unconsolidated entities | 644,936 | - | - | - |
| Gains on other dispositions of investments in real estate, net | - | 904,136 | 161,039 | 589,391 |
| Decrease (increase) in operating receivables from unconsolidated entities | -1,272 | - | - | - |
| Unrealized foreign currency and derivative losses (gains), net | - | 67,335 | -71,627 | 92,201 |
| Amortization of debt discounts and debt issuance costs, net | 85,647 | - | - | - |
| Losses (gains) on early extinguishment of debt, net | - | 536 | 3,275 | -20,184 |
| Gains on dispositions of development properties and land, net | 257,731 | - | - | - |
| Deferred income tax expense (benefit) | - | 21,161 | 17,708 | 12,638 |
| Gains on other dispositions of investments in real estate, net | 685,831 | - | - | - |
| Increase in accounts receivable and other assets | - | - | 102,610 | 71,307 |
| Decrease (increase) in other assets | - | 341,614 | - | - |
| Unrealized foreign currency and derivative losses (gains), net | -125,656 | - | - | - |
| Increase (decrease) in accounts payable and accrued expenses and other liabilities | - | 194,548 | 255,059 | 109,030 |
| Losses (gains) on early extinguishment of debt, net | -3,498 | - | - | - |
| Net cash provided by (used in) operating activities | - | 4,912,209 | 5,373,058 | 4,126,430 |
| Deferred income tax expense (benefit) | 4,309 | - | - | - |
| Real estate and other development | - | - | 3,399,114 | - |
| Real estate development | - | 3,206,231 | - | 3,118,379 |
| Decrease (increase) in other assets | 422,101 | - | - | - |
| Real estate acquisitions | - | 2,327,605 | 4,195,714 | 2,492,108 |
| Increase (decrease) in accounts payable and accrued expenses and other liabilities | 225,607 | - | - | - |
| Transaction, net of cash acquired-Duke Realty Corporation And Duke Realty Limited Partnership | - | - | - | 92,052 |
| Net cash provided by (used in) operating activities | 5,008,434 | - | - | - |
| Transaction, net of cash acquired-Liberty Property Trust And Liberty Property Limited Partnership | - | - | - | 0 |
| Real estate development | 2,781,260 | - | - | - |
| Transaction, net of cash acquired-Industrial Property Trust Inc | - | - | - | 0 |
| Duke transaction, net of cash acquired | - | 0 | 33,009 | - |
| Real estate acquisitions | 1,800,527 | - | - | - |
| Tenant improvements and lease commissions on previously leased space | - | 499,927 | 388,814 | 339,234 |
| Duke transaction, net of cash acquired | 0 | - | - | - |
| Property improvements | - | 386,481 | 303,042 | 211,358 |
| Tenant improvements and lease commissions on previously leased space | 562,197 | - | - | - |
| Proceeds from dispositions and contributions of real estate | - | 3,790,388 | 1,764,322 | 2,063,623 |
| Property improvements | 327,355 | - | - | - |
| Investments in and advances to unconsolidated entities | - | 540,559 | 284,185 | 442,366 |
| Proceeds from dispositions and contributions of real estate | 2,246,186 | - | - | - |
| Return of investment from unconsolidated entities | - | 58,339 | 348,276 | 76,994 |
| Investments in and advances to unconsolidated entities | 312,214 | - | - | - |
| Proceeds from the settlement of net investment hedges | - | 16,021 | 37,113 | 59,281 |
| Return of investment from unconsolidated entities | 104,431 | - | - | - |
| Payments on the settlement of net investment hedges | - | 3,002 | 2,230 | 3,458 |
| Proceeds from the settlement of net investment hedges | 4,852 | - | - | - |
| Proceeds from repayment of notes receivable backed by real estate | - | 0 | 37,000 | 0 |
| Payments on the settlement of net investment hedges | 25,648 | - | - | - |
| Net cash provided by (used in) investing activities | - | -3,099,057 | -6,419,397 | -4,499,057 |
| Proceeds from repayment of notes receivable backed by real estate | 0 | - | - | - |
| Proceeds from issuance of common stock/units | - | - | 0 | 0 |
| Purchase of short-term investments | 176,715 | - | - | - |
| Repurchase and retirement of common stock | - | - | - | 0 |
| Net cash provided by (used in) investing activities | -3,630,447 | - | - | - |
| Repurchase of preferred stock | - | - | - | 0 |
| Dividends/distributions paid on common and preferred stock/units | 3,871,539 | 3,570,480 | 3,228,589 | 2,494,723 |
| Noncontrolling interests contributions | 70,612 | 73,094 | 21,107 | 13,295 |
| Noncontrolling interests distributions | 220,220 | 295,701 | 235,050 | 270,109 |
| Settlement of noncontrolling interests | 13,661 | 1,650 | 69,807 | 88,980 |
| Redemption of common limited partnership units | 19,947 | - | - | - |
| Tax paid with shares of the parent withheld | 23,947 | 30,526 | 24,536 | 27,688 |
| Debt and equity issuance costs paid | 40,043 | 30,966 | 58,660 | 45,654 |
| Net proceeds from (payments on) credit facilities | - | - | -567,076 | 294,164 |
| Net proceeds from (payments on) credit facilities and commercial paper | -203,917 | -730,077 | - | - |
| Repurchase of and payments on debt | 701,861 | 919,481 | 272,203 | 1,381,005 |
| Proceeds from the issuance of debt | 3,460,904 | 4,505,830 | 5,755,096 | 4,116,489 |
| Net cash provided by (used in) financing activities | -1,563,619 | -999,957 | 1,320,282 | 115,789 |
| Effect of foreign currency exchange rate changes on cash | 12,688 | -24,992 | -22,038 | -20,796 |
| Net increase (decrease) in cash and cash equivalents | -172,944 | 788,203 | 251,905 | -277,634 |
| Cash and cash equivalents at beginning of period | 1,318,591 | 530,388 | 278,483 | 556,117 |
| Cash and cash equivalents at end of period | 1,145,647 | 1,318,591 | 530,388 | 278,483 |
Prologis, Inc. (PLDGP)
Prologis, Inc. (PLDGP)