2014 Q4 Form 10-K Financial Statement

#000119312515062622 Filed on February 25, 2015

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2014 Q1
Revenue $450.9M $415.2M $434.7M
YoY Change 3.23% -1.87% -9.44%
Cost Of Revenue $130.4M $124.8M $134.7M
YoY Change 7.77% -3.11% -10.38%
Gross Profit $320.4M $290.4M $300.0M
YoY Change 8.35% -1.29% -9.01%
Gross Profit Margin 71.06% 69.95% 69.02%
Selling, General & Admin $66.00M $58.20M $63.20M
YoY Change 4.6% 5.82% 12.46%
% of Gross Profit 20.6% 20.04% 21.07%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $171.4M $149.2M $160.3M
YoY Change 2.08% -6.34% -9.67%
% of Gross Profit 53.5% 51.38% 53.43%
Operating Expenses $245.5M $337.0M $363.2M
YoY Change 7.44% -2.5% -5.15%
Operating Profit $74.96M $78.11M $71.47M
YoY Change 4.86% 0.95% -26.35%
Interest Expense -$33.70M $69.09M $85.52M
YoY Change -56.68% -18.38% -25.4%
% of Operating Profit -44.96% 88.44% 119.67%
Other Income/Expense, Net $45.75M -$52.58M
YoY Change -140.18% -121.54%
Pretax Income $427.4M $123.9M $18.88M
YoY Change 1410.25% -439.44% -94.47%
Income Tax -$400.0K -$23.26M $6.880M
% Of Pretax Income -0.09% -18.78% 36.43%
Net Earnings $410.3M $137.9M $6.801M
YoY Change 570.42% -2654.45% -97.61%
Net Earnings / Revenue 91.0% 33.22% 1.56%
Basic Earnings Per Share $0.82 $0.27 $0.01
Diluted Earnings Per Share $0.81 $0.23 $0.01
COMMON SHARES
Basic Shares Outstanding 500.0M shares 499.3M 498.7M
Diluted Shares Outstanding 516.1M 504.4M

Balance Sheet

Concept 2014 Q4 2014 Q3 2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $351.0M $312.0M $189.0M
YoY Change -28.51% 155.74% -75.92%
Cash & Equivalents $350.7M $311.9M $188.9M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $103.0M $132.0M $115.0M
Other Receivables $0.00 $0.00 $192.0M
Total Short-Term Assets $454.0M $444.0M $496.0M
YoY Change -42.31% -1.33% -55.44%
LONG-TERM ASSETS
Property, Plant & Equipment $19.40B $16.77B $18.34B
YoY Change 6.27% -12.01% 0.21%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $4.666B $5.641B $4.513B
YoY Change 9.79% 39.76% 30.5%
Other Assets $44.00M $10.00M
YoY Change 1000.0% -86.49%
Total Long-Term Assets $25.36B $23.63B $24.16B
YoY Change 6.64% -2.92% 5.21%
TOTAL ASSETS
Total Short-Term Assets $454.0M $444.0M $496.0M
Total Long-Term Assets $25.36B $23.63B $24.16B
Total Assets $25.82B $24.07B $24.66B
YoY Change 5.07% -2.89% 2.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $628.0M $557.0M $573.0M
YoY Change 11.35% -19.51% -2.72%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $19.00M $295.0M
YoY Change
Total Short-Term Liabilities $628.0M $576.0M $868.0M
YoY Change 11.35% -46.81% -10.05%
LONG-TERM LIABILITIES
Long-Term Debt $9.380B $8.804B $8.576B
YoY Change 4.09% -3.45% -5.49%
Other Long-Term Liabilities $626.0M $555.0M $719.0M
YoY Change -23.75% 71.3% -12.95%
Total Long-Term Liabilities $10.01B $9.359B $9.295B
YoY Change 1.77% -0.89% -6.11%
TOTAL LIABILITIES
Total Short-Term Liabilities $628.0M $576.0M $868.0M
Total Long-Term Liabilities $10.01B $9.359B $9.295B
Total Liabilities $10.63B $9.935B $10.16B
YoY Change 2.3% -5.61% -6.47%
SHAREHOLDERS EQUITY
Retained Earnings -$3.974B -$4.214B -$4.095B
YoY Change 1.06% 9.38% 14.97%
Common Stock $5.095M $5.000M $4.997M
YoY Change 2.15% 0.28% 8.07%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $13.98B $13.44B $13.57B
YoY Change
Total Liabilities & Shareholders Equity $25.78B $24.07B $24.66B
YoY Change 4.89% -2.89% 2.41%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2014 Q1
OPERATING ACTIVITIES
Net Income $410.3M $137.9M $6.801M
YoY Change 570.42% -2654.45% -97.61%
Depreciation, Depletion And Amortization $171.4M $149.2M $160.3M
YoY Change 2.08% -6.34% -9.67%
Cash From Operating Activities $443.7M $144.9M $72.24M
YoY Change 190.38% 12.67% -44.06%
INVESTING ACTIVITIES
Capital Expenditures -$541.0M -$559.3M -$329.2M
YoY Change 22.37% 75.0% 42.76%
Acquisitions
YoY Change
Other Investing Activities $479.2M $145.4M -$188.0M
YoY Change -56.8% -133.69% -106.17%
Cash From Investing Activities -$61.80M -$413.9M -$517.1M
YoY Change -109.26% -44.9% -118.37%
FINANCING ACTIVITIES
Cash Dividend Paid $168.2M
YoY Change 19.72%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -327.7M 327.8M 132.2M
YoY Change -24.93% -8.1% -105.84%
NET CHANGE
Cash From Operating Activities 443.7M 144.9M 72.24M
Cash From Investing Activities -61.80M -413.9M -517.1M
Cash From Financing Activities -327.7M 327.8M 132.2M
Net Change In Cash 54.20M 58.80M -312.7M
YoY Change -85.87% -122.11% -145.86%
FREE CASH FLOW
Cash From Operating Activities $443.7M $144.9M $72.24M
Capital Expenditures -$541.0M -$559.3M -$329.2M
Free Cash Flow $984.7M $704.2M $401.4M
YoY Change 65.52% 57.12% 11.59%

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-115999000
CY2013 pld Basis Of Operating Properties Disposed
BasisOfOperatingPropertiesDisposed
6857994000
CY2013 pld Current Income Tax Expense Including Discontinued Operations
CurrentIncomeTaxExpenseIncludingDiscontinuedOperations
127988000
CY2013 pld Real Estate Period Increase Decrease Under Development Balance
RealEstatePeriodIncreaseDecreaseUnderDevelopmentBalance
69374000
CY2013 pld Incremental Common Shares Attributable To Conversion Of Limited Partnership Units
IncrementalCommonSharesAttributableToConversionOfLimitedPartnershipUnits
2060000 shares
CY2013 pld Gain Loss On Dispositions Of Property
GainLossOnDispositionsOfProperty
139600000
CY2013 pld Adjusted Net Earnings Loss Attributable To Common Shares
AdjustedNetEarningsLossAttributableToCommonShares
316727000
CY2013 pld Earnings Loss Before Income Taxes
EarningsLossBeforeIncomeTaxes
336262000
CY2013 pld Weighted Average Potentially Dilutive Limited Partnership Units Outstanding
WeightedAveragePotentiallyDilutiveLimitedPartnershipUnitsOutstanding
13998000 shares
CY2013 pld Asset Impairment Charges Continuing And Discontinued Operations
AssetImpairmentChargesContinuingAndDiscontinuedOperations
0
CY2013 pld Income Tax Expense Benefit Including Discontinued Operations
IncomeTaxExpenseBenefitIncludingDiscontinuedOperations
107921000
CY2013 pld Incremental Common Shares Attributable To Stock Awards And Warrants
IncrementalCommonSharesAttributableToStockAwardsAndWarrants
3410000 shares
CY2013 pld Net Gain Loss On Dispositions Net Of Related Impairment Charges And Taxes
NetGainLossOnDispositionsNetOfRelatedImpairmentChargesAndTaxes
116550000
CY2013 pld Common Stock Dividends Per Share Capital Gains
CommonStockDividendsPerShareCapitalGains
1.12
CY2013 pld Line Of Credit Facility Weighted Average Daily Borrowings
LineOfCreditFacilityWeightedAverageDailyBorrowings
789000000
CY2013 pld Number Of Interest Rate Swap Contracts Settled
NumberOfInterestRateSwapContractsSettled
13 Contract
CY2013 pld Deferred Income Tax Expense Benefit Net Of Discontinued Operations
DeferredIncomeTaxExpenseBenefitNetOfDiscontinuedOperations
-20067000
CY2013 pld Gain Loss On Foreign Currency And Derivative Contracts And Related Amortization
GainLossOnForeignCurrencyAndDerivativeContractsAndRelatedAmortization
-33633000
CY2013 pld Net Gain Loss On Dispositions Net Of Investments In Real Estate And Revaluation Of Equity Investments Upon Acquisition Of Controlling Interest
NetGainLossOnDispositionsNetOfInvestmentsInRealEstateAndRevaluationOfEquityInvestmentsUponAcquisitionOfControllingInterest
715758000
CY2014 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.24
CY2014 us-gaap Limited Liability Company Llc Or Limited Partnership Lp Members Or Limited Partners Ownership Interest
LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersOwnershipInterest
0.0035 pure
CY2014 dei Document Type
DocumentType
10-K
CY2014 dei Entity Registrant Name
EntityRegistrantName
Prologis, Inc.
CY2014 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
CY2014 dei Trading Symbol
TradingSymbol
PLD
CY2014 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.24
CY2014 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2014 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2014 us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.036 pure
CY2014 us-gaap Limited Liability Company Llc Or Limited Partnership Lp Managing Member Or General Partner Ownership Interest
LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest
0.9965 pure
CY2014 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
704531000
CY2014 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
1 Investment
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0067 pure
CY2014 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> <b><i>Use of Estimates.</i></b>&#xA0;GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and revenue and expenses during the reporting period. Although we believe the assumptions and estimates we made are reasonable and appropriate, as discussed in the applicable sections throughout the Consolidated Financial Statements, different assumptions and estimates could materially impact our reported results.</p> </div>
CY2014 us-gaap Weighted Average General Partnership Units Outstanding
WeightedAverageGeneralPartnershipUnitsOutstanding
1767000 shares
CY2014 dei Document Period End Date
DocumentPeriodEndDate
2014-12-31
CY2014 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.32
CY2014 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 Segment
CY2014 us-gaap Property Plant And Equipment Useful Life
PropertyPlantAndEquipmentUsefulLife
P40Y
CY2014 dei Amendment Flag
AmendmentFlag
false
CY2014 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2014 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
506391000 shares
CY2014 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.25
CY2014 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.25
CY2014 us-gaap Line Of Credit Facility Interest Rate During Period
LineOfCreditFacilityInterestRateDuringPeriod
0.011 pure
CY2014 dei Entity Central Index Key
EntityCentralIndexKey
0001045609
CY2014 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.41
CY2014 us-gaap Distribution Made To Limited Partner Distributions Paid Per Unit
DistributionMadeToLimitedPartnerDistributionsPaidPerUnit
1.32
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.38 pure
CY2014 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2014 us-gaap Maximum Length Of Time Hedged In Cash Flow Hedge1
MaximumLengthOfTimeHedgedInCashFlowHedge1
P10Y
CY2014 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 Segment
CY2014 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
499583000 shares
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
256000
CY2014 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
140135000
CY2014 us-gaap Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
23420000
CY2014 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-181164000
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
322754000
CY2014 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
-22571000
CY2014 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
725790000
CY2014 us-gaap Tenant Reimbursements
TenantReimbursements
348740000
CY2014 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
88888000
CY2014 us-gaap Payments Of Dividends
PaymentsOfDividends
672190000
CY2014 us-gaap Equity Method Investment Summarized Financial Information Gross Profit Loss
EquityMethodInvestmentSummarizedFinancialInformationGrossProfitLoss
1533000000
CY2014 us-gaap Profit Loss
ProfitLoss
739284000
CY2014 us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
2440000
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
713628000
CY2014 us-gaap Gain Loss On Fair Value Hedges Recognized In Earnings
GainLossOnFairValueHedgesRecognizedInEarnings
436862000
CY2014 us-gaap Straight Line Rent
StraightLineRent
42829000
CY2014 us-gaap Payments To Acquire And Develop Real Estate
PaymentsToAcquireAndDevelopRealEstate
1051181000
CY2014 us-gaap Payments To Acquire Businesses And Interest In Affiliates
PaymentsToAcquireBusinessesAndInterestInAffiliates
590390000
CY2014 us-gaap Operating Income Loss
OperatingIncomeLoss
319808000
CY2014 us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
1100000
CY2014 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
115666000
CY2014 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
471521000
CY2014 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
78610000
CY2014 us-gaap Payments For Leasing Costs Commissions And Tenant Improvements
PaymentsForLeasingCostsCommissionsAndTenantImprovements
133957000
CY2014 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
1178609000
CY2014 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
393820000
CY2014 us-gaap Noncontrolling Interest Increase From Sale Of Parent Equity Interest
NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest
14464000
CY2014 us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
612330000
CY2014 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
25768000
CY2014 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-6498000
CY2014 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-171401000
CY2014 us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
2500000
CY2014 us-gaap Interest Paid Net
InterestPaidNet
258441000
CY2014 us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
1992000000
CY2014 us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
739635000
CY2014 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
622235000
CY2014 us-gaap Net Income Loss
NetIncomeLoss
636183000
CY2014 us-gaap Line Of Credit Facility Maximum Monthend Outstanding Amount
LineOfCreditFacilityMaximumMonthendOutstandingAmount
742000000
CY2014 us-gaap Increase Decrease In Operating Assets
IncreaseDecreaseInOperatingAssets
93000
CY2014 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
1760787000
CY2014 us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
13567000
CY2014 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-9242000
CY2014 us-gaap Management Fees Revenue
ManagementFeesRevenue
219871000
CY2014 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
134288000
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
390874000
CY2014 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
739284000
CY2014 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-165300000
CY2014 us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
408000000
CY2014 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
561385000
CY2014 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
87240000
CY2014 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
642461000
CY2014 us-gaap Dividends
Dividends
991948000
CY2014 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-18842000
CY2014 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
61457000
CY2014 us-gaap Interest Expense
InterestExpense
308885000
CY2014 us-gaap Operating Expenses
OperatingExpenses
1440979000
CY2014 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
244306000
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
23100000
CY2014 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
14116000
CY2014 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
21113000
CY2014 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
110435000
CY2014 us-gaap Interest Expense Debt
InterestExpenseDebt
308885000
CY2014 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
377666000
CY2014 us-gaap Noncontrolling Interest In Net Income Loss Limited Partnerships Nonredeemable
NoncontrollingInterestInNetIncomeLossLimitedPartnershipsNonredeemable
-3636000
CY2014 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-140437000
CY2014 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-59866000
CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
25656000
CY2014 us-gaap Interest Costs Incurred
InterestCostsIncurred
370342000
CY2014 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-488309000
CY2014 us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
-468280000
CY2014 us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
105400000
CY2014 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
188000000
CY2014 us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
2285488000
CY2014 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
277516000
CY2014 us-gaap Real Estate Acquisitions Through Foreclosures
RealEstateAcquisitionsThroughForeclosures
3595836000
CY2014 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
490298000
CY2014 us-gaap Service Management Costs
ServiceManagementCosts
96496000
CY2014 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-6585000
CY2014 us-gaap Depreciation And Amortization
DepreciationAndAmortization
642461000
CY2014 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
430787000
CY2014 us-gaap Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
-63871000
CY2014 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
-21440000
CY2014 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
16014000
CY2014 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
2200000
CY2014 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-337817000
CY2014 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
-13237000
CY2014 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
378247000
CY2014 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
247768000
CY2014 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
2440000
CY2014 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
52155000
CY2014 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-61584000
CY2014 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-87240000
CY2014 us-gaap Income Tax Expense Benefit Continuing Operations Adjustment Of Deferred Tax Asset Liability
IncomeTaxExpenseBenefitContinuingOperationsAdjustmentOfDeferredTaxAssetLiability
27100000
CY2014 us-gaap Dividends Preferred Stock
DividendsPreferredStock
7431000
CY2014 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
103101000
CY2014 us-gaap Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
6517000
CY2014 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-717369000
CY2014 us-gaap Share Based Compensation
ShareBasedCompensation
57478000
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
5800000
CY2014 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-27374000
CY2014 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
23467000
CY2014 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
4779950000
CY2014 us-gaap Proceeds From Repayments Of Debt
ProceedsFromRepaymentsOfDebt
-4205806000
CY2014 us-gaap Real Estate Other Additions
RealEstateOtherAdditions
502927000
CY2014 us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
27643000
CY2014 us-gaap Tax Adjustments Settlements And Unusual Provisions
TaxAdjustmentsSettlementsAndUnusualProvisions
1100000
CY2014 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
1318000
CY2014 pld Net Charge To Rental Income Year One
NetChargeToRentalIncomeYearOne
10678000
CY2014 pld Proceeds From Payments To Minority Shareholders Excluding Limited Partner Distributions
ProceedsFromPaymentsToMinorityShareholdersExcludingLimitedPartnerDistributions
-315426000
CY2014 pld Basis Of Operating Properties Disposed
BasisOfOperatingPropertiesDisposed
2713300000
CY2014 pld Current Income Tax Expense Including Discontinued Operations
CurrentIncomeTaxExpenseIncludingDiscontinuedOperations
61584000
CY2014 pld Real Estate Period Increase Decrease Under Development Balance
RealEstatePeriodIncreaseDecreaseUnderDevelopmentBalance
452963000
CY2014 pld Consolidation Percentage If Not Wholly Owned But Controlled
ConsolidationPercentageIfNotWhollyOwnedButControlled
Less than 100% of the equity
CY2014 pld Incremental Common Shares Attributable To Conversion Of Limited Partnership Units
IncrementalCommonSharesAttributableToConversionOfLimitedPartnershipUnits
3501000 shares
CY2014 pld Percentage Of Actual Capital Gains Tax Liabilities Used For Indemnification Amount
PercentageOfActualCapitalGainsTaxLiabilitiesUsedForIndemnificationAmount
1.00 pure
CY2014 pld Exchangeable Senior Notes Outstanding
ExchangeableSeniorNotesOutstanding
6500000000
CY2014 pld Gain Loss On Dispositions Of Property
GainLossOnDispositionsOfProperty
322900000
CY2014 pld Net Charge To Rental Income Year Two
NetChargeToRentalIncomeYearTwo
22322000
CY2014 pld Beneficial Interest Of Outstanding Shares By Single Person Or Persons Acting As Group
BeneficialInterestOfOutstandingSharesBySinglePersonOrPersonsActingAsGroup
0.098 pure
CY2014 pld Adjusted Net Earnings Loss Attributable To Common Shares
AdjustedNetEarningsLossAttributableToCommonShares
625871000
CY2014 pld Earnings Loss Before Income Taxes
EarningsLossBeforeIncomeTaxes
713628000
CY2014 pld Common Stock Dividends Per Share Ordinary Income
CommonStockDividendsPerShareOrdinaryIncome
0.29
CY2014 pld Properties Collateral For Assessment Bonds
PropertiesCollateralForAssessmentBonds
783400000
CY2014 pld Weighted Average Potentially Dilutive Limited Partnership Units Outstanding
WeightedAveragePotentiallyDilutiveLimitedPartnershipUnitsOutstanding
14366000 shares
CY2014 pld Number Of Options Exercised
NumberOfOptionsExercised
3 Option
CY2014 pld Net Charge To Rental Income After Year Five
NetChargeToRentalIncomeAfterYearFive
91530000
CY2014 pld Minimum Lease Payments On Leases Periods
MinimumLeasePaymentsOnLeasesPeriods
Greater than one year
CY2014 pld Defined Contribution Plan Maximum Contributions Percentage By Employer
DefinedContributionPlanMaximumContributionsPercentageByEmployer
0.06 pure
CY2014 pld Asset Impairment Charges Continuing And Discontinued Operations
AssetImpairmentChargesContinuingAndDiscontinuedOperations
0
CY2014 pld Income Tax Expense Benefit Including Discontinued Operations
IncomeTaxExpenseBenefitIncludingDiscontinuedOperations
-25656000
CY2014 pld Performance Period For Measuring Fair Value Of Outstanding Awards
PerformancePeriodForMeasuringFairValueOfOutstandingAwards
P3Y
CY2014 pld Net Charge To Rental Income Year Four
NetChargeToRentalIncomeYearFour
23843000
CY2014 pld Debt Instrument Convertible Number Of Shares
DebtInstrumentConvertibleNumberOfShares
11900000 shares
CY2014 pld Percentage Of Interest In Preferred Units
PercentageOfInterestInPreferredUnits
1.00 pure
CY2014 pld Properties Collateral For Notes
PropertiesCollateralForNotes
2300000000
CY2014 pld Incremental Common Shares Attributable To Stock Awards And Warrants
IncrementalCommonSharesAttributableToStockAwardsAndWarrants
3307000 shares
CY2014 pld Consolidation Deconsolidation Of Subsidiaries
ConsolidationDeconsolidationOfSubsidiaries
567000000
CY2014 pld Assets Transferred To Held For Sale
AssetsTransferredToHeldForSale
48148000
CY2014 pld Real Estate Accumulated Depreciation Assets Transferred To Held For Sale
RealEstateAccumulatedDepreciationAssetsTransferredToHeldForSale
4214000
CY2014 pld Net Charge To Rental Income Year Five
NetChargeToRentalIncomeYearFive
20413000
CY2014 pld Common Stock Dividends Per Share Capital Gains
CommonStockDividendsPerShareCapitalGains
0.62
CY2014 pld Line Of Credit Facility Weighted Average Daily Borrowings
LineOfCreditFacilityWeightedAverageDailyBorrowings
182000000
CY2014 pld Stock Issued During Period Value Exercise Of Warrants
StockIssuedDuringPeriodValueExerciseOfWarrants
213840000
CY2014 pld Depreciation Commencement Description
DepreciationCommencementDescription
Depreciation commences when the asset is ready for its intended use, which we define as the earlier of stabilization (90% occupied) or one year after completion of construction.
CY2014 pld Percentage Of Equity Interest Holds In Unconsolidated Joint Venture
PercentageOfEquityInterestHoldsInUnconsolidatedJointVenture
0.50 pure
CY2014 pld Percentage Of Reit Taxable Income Computed Without Regard To Dividends Paid Deduction And Net Capital Gains
PercentageOfReitTaxableIncomeComputedWithoutRegardToDividendsPaidDeductionAndNetCapitalGains
0.90 pure
CY2014 pld Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerms
P3Y9M18D
CY2014 pld Percentage Of Ownership Restrictions
PercentageOfOwnershipRestrictions
0.25 pure
CY2014 pld Vesting Period For Acquired Plan
VestingPeriodForAcquiredPlan
P1Y
CY2014 pld Percentage Of Occupancy For Stabilization
PercentageOfOccupancyForStabilization
0.90 pure
CY2014 pld Period After Completion Of Construction For Commencement Of Depreciation
PeriodAfterCompletionOfConstructionForCommencementOfDepreciation
P1Y
CY2014 pld Limited Partnership Units Converted In To Cash
LimitedPartnershipUnitsConvertedInToCash
62 shares
CY2014 pld Contributions To Joint Venture
ContributionsToJointVenture
455972000
CY2014 pld Vesting Percentage On Defined Contribution Plan
VestingPercentageOnDefinedContributionPlan
1.00 pure
CY2014 pld Net Charge To Rental Income
NetChargeToRentalIncome
193938000
CY2014 pld Deferred Income Tax Expense Benefit Net Of Discontinued Operations
DeferredIncomeTaxExpenseBenefitNetOfDiscontinuedOperations
-87240000
CY2014 pld Net Charge To Rental Income Year Three
NetChargeToRentalIncomeYearThree
25152000
CY2014 pld Average Lease Term Period
AverageLeaseTermPeriod
P7Y
CY2012 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
305607000
CY2014 pld Accumulated Depreciation On Other Real Estate Investments
AccumulatedDepreciationOnOtherRealEstateInvestments
41946000
CY2014 pld Defined Contribution Plan Contributions By Employer
DefinedContributionPlanContributionsByEmployer
0.50
CY2014 pld Maximum Percentage Of Beneficial Interest Of Outstanding Shares
MaximumPercentageOfBeneficialInterestOfOutstandingShares
0.50 pure
CY2014 pld Distributable Income Percentage For Tax Exemption
DistributableIncomePercentageForTaxExemption
1.00 pure
CY2014 pld Gain Loss On Foreign Currency And Derivative Contracts And Related Amortization
GainLossOnForeignCurrencyAndDerivativeContractsAndRelatedAmortization
-17841000
CY2014 pld Net Gain Loss On Dispositions Net Of Investments In Real Estate And Revaluation Of Equity Investments Upon Acquisition Of Controlling Interest
NetGainLossOnDispositionsNetOfInvestmentsInRealEstateAndRevaluationOfEquityInvestmentsUponAcquisitionOfControllingInterest
725790000
CY2012 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.18
CY2012 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
463492000
CY2012 us-gaap Income Loss From Continuing Operations Per Diluted Share
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