Prologis, Inc.

10-K & 10-Q Filings

Prologis is a self-administered and self-managed real estate investment trust (REIT) and the sole general partner of Prologis, L.P. The company operates as one enterprise and focuses on high-barrier, high-growth markets by investing in real estate through wholly-owned subsidiaries and co-investment ventures. Prologis is the global leader in logistics real estate with a portfolio of approximately 1.2 billion square feet across 19 countries. The company's business strategy includes operating, managing, and developing logistics facilities, expanding its land bank and redevelopment sites, and growing its strategic capital business. Prologis' website is www.prologis.com, and its common stock is listed on the New York Stock Exchange under the ticker "PLD."

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Mar 31, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$1533.29
2005.96
1750.49
1760.79
2197.07
2533.14
2618.13
2804.45
3330.62
4438.73
4759.44
5973.69
8023.47
1768.59
1956.62
14.79%10.63%Cost of Revenue (-)
$-0.00
0.00
0.00
0.00
-857.82
952.06
1041.32
1205.74
1624.79
412.55
454.26
10.11%Gross Profit (+)
$1093.68
1436.64
1209.27
1233.50
1565.44
1835.76
1893.47
3486.67
3718.12
4767.95
6398.68
1356.03
1502.36
15.86%10.79%Selling, General & Administrative (-)
$195.16
228.07
229.21
247.77
238.20
222.07
231.06
238.99
266.72
274.85
293.17
331.08
390.41
99.78
111.29
5.95%11.54%Depreciation & Amortization (-)
$585.32
739.98
648.67
642.46
880.37
930.99
879.14
947.21
1139.88
1561.97
1577.94
1812.78
2484.89
602.37
637.50
12.80%5.83%Non-recurring Operating Expenses (-)
$140.50
333.59
Operating Expenses (-)
$1405.86
1897.51
1446.07
1440.98
1816.90
1864.76
1847.07
1957.45
2338.67
1367.73
511.13
1300.42
2690.88
1193.59
1294.11
5.56%8.42%Costs & Expenses (Total) (-)
$1405.86
1897.51
1446.07
1440.98
1816.90
1864.76
1847.07
1957.45
1480.85
2319.79
1552.44
2506.15
4315.68
1606.14
1748.37
9.80%8.85%Operating Income/Loss (+)
$127.43
108.45
304.41
319.81
380.17
668.38
771.07
847.00
1849.77
2118.94
3207.00
3467.54
3707.79
579.04
720.36
32.43%24.40%Non-operating Income/Expense (+)
$-370.11
-198.07
31.85
393.82
568.43
678.73
1044.50
1039.29
-73.40
-371.86
115.85
223.27
-243.61
-48.34
-56.75
-17.39%Interest Expense (-)
$468.74
507.48
379.33
308.88
301.36
303.15
274.49
229.14
239.95
314.51
266.23
309.04
641.33
136.01
193.32
2.65%42.14%Earnings before Tax (+)
$-242.68
-89.62
336.26
713.63
948.61
1347.10
1815.57
1886.29
1776.36
1747.09
3322.85
3690.81
3464.18
530.70
663.61
25.04%Tax Expense (-)
$1.78
3.58
106.73
25.66
23.09
54.56
54.61
63.33
74.52
130.46
174.26
135.41
211.04
32.07
32.80
48.91%2.27%Income/Loss (Continuing Operations) (+)
$-244.46
-93.20
229.53
739.28
925.51
1292.54
1760.96
1822.96
1701.85
1616.63
3148.59
3555.40
3253.14
498.63
630.81
26.51%Income/Loss (Discontinued Operations) (+)
$86.52
62.73
123.52
Profit/Loss (+)
$-157.94
-30.47
353.05
739.28
925.51
1292.54
1760.96
1822.96
1701.85
1616.63
3148.59
3555.40
3253.14
498.63
630.81
26.51%Net Income/Loss (NCI) (-)
$-4.52
9.25
10.13
103.10
56.08
82.61
108.63
173.60
128.89
134.82
208.87
190.54
193.93
34.01
45.09
32.60%Net Income/Loss (+)
$-153.41
-39.72
342.92
636.18
869.44
1209.93
1652.33
1649.36
1572.96
1481.81
2939.72
3364.86
3059.21
464.62
585.72
26.06%Preferred & Other Distributions (-)
$34.70
41.23
27.50
13.95
6.65
6.71
10.39
5.93
6.01
8.69
6.15
6.06
5.84
1.45
1.45
-13.80%-0.07%Net Income/Loss (Common) (+)
$-188.11
-80.95
315.42
622.24
862.79
1203.22
1641.93
1643.43
1566.95
1473.12
2933.57
3358.80
3053.37
463.17
584.26
26.14%EPS (Basic)
$-0.51
-0.18
0.65
1.25
1.66
2.29
3.10
2.90
2.48
2.02
3.97
4.28
3.30
0.50
0.63
26.00%EPS (Diluted)
$-0.51
-0.18
0.64
1.24
1.64
2.27
3.06
2.87
2.46
2.01
3.94
4.25
3.29
0.50
0.63
26.00%Weighted Avg Shares (Basic)
370.53
459.89
486.08
499.58
521.24
526.10
530.40
567.37
630.58
728.32
739.36
785.67
924.35
923.89
925.32
7.92%0.16%Weighted Avg Shares (Diluted)
370.53
459.89
491.55
506.39
533.94
546.67
552.30
590.24
654.90
754.41
764.76
811.61
951.79
951.62
953.91
8.18%0.24%Cash
$176.07
100.81
491.13
350.69
264.08
807.32
447.05
343.86
1088.86
598.09
556.12
278.48
530.39
522.50
500.59
9.62%-4.19%Receivables
$148.00
171.08
128.20
103.44
Securities & Long-term Investments
$22629.63
23328.46
18255.48
19399.36
24247.08
23360.96
21779.30
29930.31
36744.81
52517.91
54617.65
82817.47
87740.72
83291.40
88070.50
11.96%5.74%Property, Plant & Equipment (Net)
$
6723.70
8094.82
8610.96
9698.90
9543.97
9680.10
9691.10
0.11%Other Assets
$4770.21
3709.79
5697.50
5964.72
6883.60
6081.66
7254.73
8143.50
2432.54
3526.93
3982.14
5332.76
5211.39
5441.09
5122.01
0.74%-5.86%Assets (Total)
$27723.91
27310.15
24572.31
25818.22
31394.77
30249.93
29481.08
38417.66
40031.85
56065.00
58486.22
87897.45
93020.84
88520.88
93310.31
10.61%5.41%Accounts Payable
$639.49
611.77
641.01
628.00
712.73
556.18
702.80
760.51
704.95
1143.37
1252.77
1711.88
1766.02
1507.75
1752.48
8.83%16.23%Debt (Non-current)
$11382.41
11790.79
9011.22
9380.20
11626.83
10608.29
9412.63
11089.82
12377.51
17336.05
17715.05
23875.96
29000.50
25153.34
29557.67
8.11%17.51%Other Liabilities
$1246.54
1134.24
743.63
626.43
634.38
627.32
659.90
766.45
877.60
1261.00
1776.19
4446.51
4430.60
4394.56
4203.04
11.15%-4.36%Liabilities (Total)
$13268.44
13536.81
10395.85
10634.62
12973.93
11791.79
10775.33
12616.78
13960.07
19740.42
20744.01
30034.35
35197.12
31055.65
35513.19
8.47%14.35%Retained Earnings
$-3092.16
-3696.09
-3932.66
-3974.49
-3926.48
-3610.01
-2904.46
-2378.47
-2151.17
-2394.69
-1327.83
-457.69
-627.07
-799.58
-933.16
-16.71%AOCI
$-182.32
-233.56
-435.68
-600.34
-791.43
-937.47
-901.66
-1084.67
-990.40
-1193.74
-878.25
-443.61
-514.20
-496.42
-285.39
42.51%Shareholder's Equity
$14455.47
13773.34
14176.45
15183.60
18420.84
18458.14
18705.74
25800.89
26071.78
36324.58
37742.21
57863.09
57823.72
57465.23
57797.12
12.25%0.58%Liabilities & Equity
$27723.91
27310.15
24572.31
25818.22
31394.77
30249.93
29481.08
38417.66
40031.85
56065.00
58486.22
87897.45
93020.84
88520.88
93310.31
10.61%5.41%Net Income/Loss
$-157.94
-30.47
353.05
739.28
925.51
1292.54
1760.96
1822.96
1701.85
1616.63
3148.59
3555.40
3253.14
498.63
630.81
26.51%Depreciation & Amortization
$647.44
788.47
674.15
663.57
848.53
915.85
879.89
959.87
1156.88
1569.83
1586.60
1836.51
2559.48
619.99
655.55
12.14%5.74%Increase/Decrease in Working Capital
$187.01
184.31
93.03
63.96
72.62
79.82
-73.65
42.83
-7.05
33.51
151.65
-37.72
-152.45
40.38
145.11
259.38%Share-based Compensation
$28.92
32.14
49.24
57.48
53.66
60.34
76.64
76.09
97.56
109.83
113.03
175.36
267.65
62.91
67.24
20.37%6.88%Adjustments to Reconcile Net Income
$365.00
493.96
131.94
-34.75
37.90
124.46
-73.71
-19.40
562.19
1320.38
-152.55
571.03
2119.91
615.67
424.65
15.79%-31.03%Net Cash (Operating)
$207.06
463.49
484.99
704.53
963.41
1417.01
1687.25
1803.56
2264.03
2937.01
2996.04
4126.43
5373.06
1114.30
1055.46
31.17%-5.28%Capital Expenditure
$-796.70
-316.49
-2067.49
786.66
7597.36
2467.70
2783.80
3251.58
2801.18
4854.05
4960.32
5702.54
4228.72
992.62
845.97
-14.77%Net Cash (Investing)
$-233.06
529.62
2333.92
-488.31
-4648.61
1252.04
543.28
-663.80
-685.35
-3074.33
-1990.06
-4499.06
-6419.40
-1049.15
-1084.07
-3.33%Increase/Decrease in Debt
$323.43
1245.61
1468.85
-143.22
2217.60
-898.32
-875.84
59.03
127.57
-10.96
323.34
294.16
-567.08
-1337.86
53.96
104.03%Increase/Decrease in Equity
$1233.73
20.02
1428.77
354.83
58.25
19.35
-11.21
-63.75
-98.91
-203.79
-329.05
-134.63
-128.47
-60.14
-13.32
77.85%Dividends Paid
$-414.10
567.83
573.85
672.19
804.70
893.46
942.88
1123.37
1345.66
1722.99
1872.86
2494.72
3228.59
806.50
891.81
10.58%Net Cash (Financing)
$163.32
-1071.51
-2365.62
-337.82
3608.21
-2125.47
-2606.58
-1232.10
-839.60
-372.16
-1008.33
115.79
1320.28
172.41
2.39
19.02%-98.61%Effect of Exchange Rate
$1.12
3.14
-62.97
-18.84
-9.62
-0.34
15.79
-10.85
5.91
18.72
-39.63
-20.80
-22.04
6.47
-3.58
-155.38%Increase/Decrease in Cash
$138.44
-75.26
390.32
-140.44
-86.61
543.24
-360.27
-103.19
745.00
-490.77
-41.97
-277.63
251.91
244.02
-29.80
5.12%-112.21%Cash (Beginning)
$37.63
176.07
100.81
491.13
350.69
264.08
807.32
447.05
343.86
1088.86
598.09
556.12
278.48
278.48
530.39
18.15%90.46%Cash (Ending)
$176.07
100.81
491.13
350.69
264.08
807.32
447.05
343.86
1088.86
598.09
556.12
278.48
530.39
522.50
500.59
9.62%-4.19%NOPAT
$127.43
108.45
304.41
319.81
380.17
668.38
771.07
847.00
1849.77
2118.94
3207.00
3467.54
3707.79
579.04
720.36
32.43%24.40%Gross Margin %
71.33%
71.62%
69.08%
70.05%
71.25%
72.47%
72.32%
78.55%
78.12%
79.82%
79.75%
76.67%
76.78%
Operating Margin %
8.31%
5.41%
17.39%
18.16%
17.30%
26.39%
29.45%
30.20%
55.54%
47.74%
67.38%
58.05%
46.21%
32.74%
36.82%
NOPAT Margin %
8.31%
5.41%
17.39%
18.16%
17.30%
26.39%
29.45%
30.20%
55.54%
47.74%
67.38%
58.05%
46.21%
32.74%
36.82%
Net Margin %
-10.01%
-1.98%
19.59%
36.13%
39.57%
47.76%
63.11%
58.81%
47.23%
33.38%
61.77%
56.33%
38.13%
26.27%
29.94%
ROA
0.46%
0.40%
1.24%
1.24%
1.21%
2.21%
2.62%
2.20%
4.62%
3.78%
5.48%
3.94%
3.99%
0.65%
0.77%
ROE
0.88%
0.79%
2.15%
2.11%
2.06%
3.62%
4.12%
3.28%
7.09%
5.83%
8.50%
5.99%
6.41%
1.01%
1.25%
Equity Multiplier
1.92
1.98
1.73
1.70
1.70
1.64
1.58
1.49
1.54
1.54
1.55
1.52
1.61
1.54
1.61
Debt/Equity Ratio
0.79
0.86
0.64
0.62
0.63
0.57
0.50
0.43
0.47
0.48
0.47
0.41
0.50
0.44
0.51
Dividend Payout Ratio %
-324.96%
523.61%
188.51%
210.19%
211.67%
133.68%
122.28%
132.63%
72.75%
81.31%
58.40%
71.95%
87.08%
139.28%
123.80%
Total Payout
$-1971.26
-697.79
-2323.77
460.59
-1471.15
1772.43
1829.93
1128.08
1317.01
1937.74
1878.57
2335.19
3924.13
2204.50
851.16
-61.39%Payout Ratio %
-1546.93%
-643.44%
-763.36%
144.02%
-386.97%
265.18%
237.32%
133.19%
71.20%
91.45%
58.58%
67.34%
105.83%
380.71%
118.16%