$PLD
Prologis, Inc.

2016 Q4 Form 10-Q Financial Statement

#000156459016027106 Filed on November 03, 2016

View on sec.gov

Income Statement

Concept 2016 Q4 2015 Q3
Revenue $620.1M $580.6M
YoY Change -3.59% 39.85%
Cost Of Revenue $171.8M $161.6M
YoY Change -2.94% 29.49%
Gross Profit $448.3M $419.0M
YoY Change -3.84% 44.28%
Gross Profit Margin 72.29% 72.17%
Selling, General & Admin $56.40M $59.40M
YoY Change -13.89% 2.06%
% of Gross Profit 12.58% 14.18%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $225.8M $247.5M
YoY Change -17.26% 65.88%
% of Gross Profit 50.37% 59.07%
Operating Expenses $284.1M $315.6M
YoY Change -21.21% -6.36%
Operating Profit $164.2M $103.4M
YoY Change 55.5% 32.37%
Interest Expense $25.00M -$50.70M
YoY Change -335.85% -173.39%
% of Operating Profit 15.22% -49.03%
Other Income/Expense, Net $218.1M
YoY Change 376.76%
Pretax Income $484.7M $321.5M
YoY Change 276.32% 159.57%
Income Tax $18.00M $14.33M
% Of Pretax Income 3.71% 4.46%
Net Earnings $442.2M $260.7M
YoY Change 268.5% 88.99%
Net Earnings / Revenue 71.31% 44.89%
Basic Earnings Per Share $0.83 $0.49
Diluted Earnings Per Share $0.82 $0.49
COMMON SHARES
Basic Shares Outstanding 528.6M 523.5M
Diluted Shares Outstanding 532.1M

Balance Sheet

Concept 2016 Q4 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $807.0M $310.0M
YoY Change 205.68% -0.64%
Cash & Equivalents $807.3M $310.4M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $839.0M $508.0M
YoY Change 68.14% 14.41%
LONG-TERM ASSETS
Property, Plant & Equipment $23.36B $24.11B
YoY Change -3.65% 43.78%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $4.230B $4.631B
YoY Change -11.06% -17.9%
Other Assets $322.0M $369.0M
YoY Change -14.81%
Total Long-Term Assets $29.41B $30.91B
YoY Change -4.81% 30.82%
TOTAL ASSETS
Total Short-Term Assets $839.0M $508.0M
Total Long-Term Assets $29.41B $30.91B
Total Assets $30.25B $31.42B
YoY Change -3.65% 30.52%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $556.0M $698.0M
YoY Change -22.02% 25.31%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $556.0M $698.0M
YoY Change -22.02% 21.18%
LONG-TERM LIABILITIES
Long-Term Debt $10.61B $11.93B
YoY Change -8.76% 35.55%
Other Long-Term Liabilities $627.0M $602.0M
YoY Change -1.1% 8.47%
Total Long-Term Liabilities $11.24B $12.54B
YoY Change -8.37% 33.95%
TOTAL LIABILITIES
Total Short-Term Liabilities $556.0M $698.0M
Total Long-Term Liabilities $11.24B $12.54B
Total Liabilities $11.79B $16.79B
YoY Change -9.11% 68.97%
SHAREHOLDERS EQUITY
Retained Earnings -$3.610B
YoY Change -8.06%
Common Stock $5.287M
YoY Change 0.8%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $14.99B $14.63B
YoY Change
Total Liabilities & Shareholders Equity $30.25B $31.42B
YoY Change -3.65% 30.52%

Cashflow Statement

Concept 2016 Q4 2015 Q3
OPERATING ACTIVITIES
Net Income $442.2M $260.7M
YoY Change 268.5% 88.99%
Depreciation, Depletion And Amortization $225.8M $247.5M
YoY Change -17.26% 65.88%
Cash From Operating Activities $420.0M $293.9M
YoY Change -9.97% 102.83%
INVESTING ACTIVITIES
Capital Expenditures -$629.1M -$582.7M
YoY Change -15.04% 4.18%
Acquisitions
YoY Change
Other Investing Activities $1.151B $788.7M
YoY Change 39.35% 442.43%
Cash From Investing Activities $521.9M $205.8M
YoY Change 509.7% -149.72%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -496.8M -538.1M
YoY Change -16.84% -264.15%
NET CHANGE
Cash From Operating Activities 420.0M 293.9M
Cash From Investing Activities 521.9M 205.8M
Cash From Financing Activities -496.8M -538.1M
Net Change In Cash 445.1M -38.40M
YoY Change -1082.56% -165.31%
FREE CASH FLOW
Cash From Operating Activities $420.0M $293.9M
Capital Expenditures -$629.1M -$582.7M
Free Cash Flow $1.049B $876.6M
YoY Change -13.08% 24.48%

Facts In Submission

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CY2015Q3 pld Incremental Common Shares Attributable To Stock Awards
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1860000
pld Incremental Common Shares Attributable To Stock Awards
IncrementalCommonSharesAttributableToStockAwards
2610000
pld Incremental Common Shares Attributable To Stock Awards
IncrementalCommonSharesAttributableToStockAwards
1953000
CY2016Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0
CY2015Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
2905000
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0
CY2016Q3 pld Weighted Average Potentially Dilutive Shares And Units Outstanding
WeightedAveragePotentiallyDilutiveSharesAndUnitsOutstanding
25453000
CY2015Q3 pld Weighted Average Potentially Dilutive Shares And Units Outstanding
WeightedAveragePotentiallyDilutiveSharesAndUnitsOutstanding
15710000
pld Weighted Average Potentially Dilutive Shares And Units Outstanding
WeightedAveragePotentiallyDilutiveSharesAndUnitsOutstanding
24939000
pld Weighted Average Potentially Dilutive Shares And Units Outstanding
WeightedAveragePotentiallyDilutiveSharesAndUnitsOutstanding
16172000
CY2016Q3 us-gaap Derivative Instruments In Hedges Assets At Fair Value
DerivativeInstrumentsInHedgesAssetsAtFairValue
75504000
CY2016Q3 us-gaap Derivative Instruments In Hedges Liabilities At Fair Value
DerivativeInstrumentsInHedgesLiabilitiesAtFairValue
28362000
CY2015Q4 us-gaap Derivative Instruments In Hedges Assets At Fair Value
DerivativeInstrumentsInHedgesAssetsAtFairValue
53579000
CY2015Q4 us-gaap Derivative Instruments In Hedges Liabilities At Fair Value
DerivativeInstrumentsInHedgesLiabilitiesAtFairValue
13729000
pld Number Of Option Contracts Exercised
NumberOfOptionContractsExercised
41
pld Number Of Option Contracts Exercised
NumberOfOptionContractsExercised
23
CY2016Q3 us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
-3100000
us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
-1200000
us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
9600000
CY2015Q3 us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
3400000
CY2016Q3 us-gaap Derivative Net Hedge Ineffectiveness Gain Loss
DerivativeNetHedgeIneffectivenessGainLoss
0
us-gaap Derivative Net Hedge Ineffectiveness Gain Loss
DerivativeNetHedgeIneffectivenessGainLoss
0
CY2015Q3 us-gaap Derivative Net Hedge Ineffectiveness Gain Loss
DerivativeNetHedgeIneffectivenessGainLoss
0
us-gaap Derivative Net Hedge Ineffectiveness Gain Loss
DerivativeNetHedgeIneffectivenessGainLoss
0
CY2016Q3 us-gaap Number Of Interest Rate Derivatives Held
NumberOfInterestRateDerivativesHeld
3
CY2016Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-40800000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-22000000
CY2015Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-158100000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-465000000
CY2016Q3 us-gaap Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
16242000
CY2015Q3 us-gaap Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
-1435000
us-gaap Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
23844000
us-gaap Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
36106000
CY2016Q3 us-gaap Gain Loss On Fair Value Hedges Recognized In Earnings
GainLossOnFairValueHedgesRecognizedInEarnings
-2777000
CY2015Q3 us-gaap Gain Loss On Fair Value Hedges Recognized In Earnings
GainLossOnFairValueHedgesRecognizedInEarnings
-6109000
us-gaap Gain Loss On Fair Value Hedges Recognized In Earnings
GainLossOnFairValueHedgesRecognizedInEarnings
-64948000
us-gaap Gain Loss On Fair Value Hedges Recognized In Earnings
GainLossOnFairValueHedgesRecognizedInEarnings
254835000
us-gaap Payments For Proceeds From Hedge Investing Activities
PaymentsForProceedsFromHedgeInvestingActivities
-16800000
us-gaap Payments For Proceeds From Hedge Investing Activities
PaymentsForProceedsFromHedgeInvestingActivities
-121500000
CY2016Q3 us-gaap Payments For Proceeds From Hedge Investing Activities
PaymentsForProceedsFromHedgeInvestingActivities
0
CY2015Q3 us-gaap Payments For Proceeds From Hedge Investing Activities
PaymentsForProceedsFromHedgeInvestingActivities
0
CY2016Q3 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
12078845000
CY2015Q4 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
12017527000
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2
us-gaap Noncash Or Part Noncash Acquisition Employee Benefit Liabilities Assumed1
NoncashOrPartNoncashAcquisitionEmployeeBenefitLiabilitiesAssumed1
19700000
us-gaap Noncash Or Part Noncash Acquisition Employee Benefit Liabilities Assumed1
NoncashOrPartNoncashAcquisitionEmployeeBenefitLiabilitiesAssumed1
17100000
CY2015 us-gaap Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1
NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1
65300000
us-gaap Interest Paid Net
InterestPaidNet
267200000
us-gaap Interest Paid Net
InterestPaidNet
273300000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
16400000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
17000000
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer

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