10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
PROLOGIS, INC. | |||
Ticker: PLD Fiscal Year: 2010 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2010 10-K (Filed: Feb 18, 2011) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Adjustments to net income (loss) : | |||
| Real estate impairment losses | $ 182,866 | ||
| Discontinued operations: | |||
| Changes in assets and liabilities: | |||
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION | |||
| Non-cash transactions: | |||
| Legal Entity | |||
| AMB PROPERTY CORPORATION | |||
| Net income (loss) | 33,594 | (27,960) | (6,750) |
| Straight-line rents and amortization of lease intangibles | (16,305) | (10,531) | (10,549) |
| Depreciation and amortization | 196,636 | 175,334 | 161,000 |
| Real estate impairment losses | 172,059 | 182,866 | |
| Foreign exchange (gains) losses | (1,459) | 6,081 | 1,043 |
| Stock-based compensation amortization | 23,941 | 23,049 | 21,467 |
| Equity in earnings of unconsolidated joint ventures | (17,372) | (11,331) | (17,121) |
| Operating distributions received from unconsolidated joint ventures | 25,424 | 11,687 | 24,279 |
| Gains from sale or contribution of real estate interests, net of taxes | (19,967) | ||
| Development profits, net of taxes | (6,739) | (35,874) | (81,084) |
| Debt premiums, discounts and finance cost amortization, net | 23,127 | 21,866 | 9,192 |
| Depreciation and amortization | 3,447 | 6,602 | 8,199 |
| Real estate impairment losses | 9,794 | 11,052 | |
| Development profits, net of taxes | (53,002) | ||
| Gains from sale of real estate interests, net of taxes | (20,248) | (38,718) | (2,594) |
| Accounts receivable and other assets | (18,328) | 17,311 | 27,776 |
| Accounts payable and other liabilities | 27,042 | (23,254) | (6,195) |
| Net cash provided by operating activities | 252,760 | 243,113 | 302,614 |
| Change in restricted cash | (9,189) | (2,312) | (671) |
| Cash paid for property acquisitions | (13,000) | (195,554) | |
| Additions to land, buildings, development costs, building improvements and lease costs | (259,919) | (402,349) | (1,020,819) |
| Net proceeds from divestiture of real estate and securities | 101,660 | 482,515 | 421,647 |
| Additions to interests in unconsolidated joint ventures | (413,451) | (7,447) | (52,267) |
| Repayment of mortgage and loan receivables | 81,542 | ||
| Capital distributions received from unconsolidated joint ventures | 2,182 | 9,457 | 35,012 |
| Cash transferred to unconsolidated joint ventures | (357) | (16,848) | |
| Repayments from (loans made to) affiliates | 5,089 | 4,590 | (73,480) |
| Purchase of equity interests, net | (60,330) | ||
| Net cash (used in) provided by investing activities | (586,628) | 84,097 | (881,768) |
| Issuance of common stock, net | 478,847 | 552,319 | |
| Proceeds from stock option exercises | 7,288 | 1,823 | 4,213 |
| Purchase of noncontrolling interest | (9,926) | (8,968) | |
| Repurchase and retirement of common stock | (87,696) | ||
| Borrowings on secured debt | 184,114 | 147,995 | 641,572 |
| Payments on secured debt | (332,209) | (478,699) | (210,440) |
| Borrowings on other debt | 206,046 | 219,045 | 525,000 |
| Payments on other debt | (292,030) | (122,632) | (212,547) |
| Borrowings on unsecured credit facilities | 654,275 | 704,639 | 1,913,126 |
| Payments on unsecured credit facilities | (892,057) | (1,147,258) | (1,856,734) |
| Payment of financing fees | (38,340) | (25,187) | (14,931) |
| Net proceeds from issuances of senior debt | 571,622 | 500,000 | 325,000 |
| Payments on senior debt | (48,500) | (497,103) | (175,000) |
| Issuance, redemption or repurchases of preferred stock or units | (322) | (10) | |
| Forfeiture of stock | (3,584) | (837) | (1,594) |
| Contributions from noncontrolling interests | 50,990 | 15,117 | 16,695 |
| Dividends paid to common and preferred stockholders | (193,428) | (137,108) | (220,476) |
| Distributions to noncontrolling interests, including preferred units | (13,374) | (21,178) | (66,007) |
| Net cash provided by (used in) financing activities | 329,734 | (298,354) | 580,171 |
| Net effect of exchange rate changes on cash | 15,389 | (65,623) | 2,695 |
| Net increase (decrease) in cash and cash equivalents | 11,255 | (36,767) | 3,712 |
| Cash and cash equivalents at beginning of period | 198,424 | 223,936 | 223,936 |
| Cash and cash equivalents at end of period | 198,424 | 223,936 | 223,936 |
| Cash paid for interest, net of capitalized interest | 122,198 | 108,901 | 137,613 |
| Acquisition of properties | 13,337 | 227,612 | |
| Assumption of secured debt | (16,843) | ||
| Assumption of other assets and liabilities | (7,564) | ||
| Acquisition capital | (337) | (7,651) | |
| Net cash paid for property acquisitions | 13,000 | 195,554 | |
| Preferred unit redemption (discount) issuance costs | (9,759) | ||
| Contribution of properties to unconsolidated joint ventures, net | 22,391 | 41,379 | 114,423 |
| Exchange of common stock for preferred units | 67,802 | ||
| Stock proceeds from stock option exercises | 10,384 | ||
| AMB PROPERTY, L.P. | |||
| Net income (loss) | 33,594 | (27,960) | (6,750) |
| Straight-line rents and amortization of lease intangibles | (16,305) | (10,531) | (10,549) |
| Depreciation and amortization | 196,636 | 175,334 | 161,000 |
| Real estate impairment losses | 172,059 | 182,866 | |
| Foreign exchange (gains) losses | (1,459) | 6,081 | 1,043 |
| Stock-based compensation amortization | 23,941 | 23,049 | 21,467 |
| Equity in earnings of unconsolidated joint ventures | (17,372) | (11,331) | (17,121) |
| Operating distributions received from unconsolidated joint ventures | 25,424 | 11,687 | 24,279 |
| Gains from sale or contribution of real estate interests, net of taxes | (19,967) | ||
| Development profits, net of taxes | (6,739) | (35,874) | (81,084) |
| Debt premiums, discounts and finance cost amortization, net | 23,127 | 21,866 | 9,192 |
| Depreciation and amortization | 3,447 | 6,602 | 8,199 |
| Real estate impairment losses | 9,794 | 11,052 | |
| Development profits, net of taxes | (53,002) | ||
| Gains from sale of real estate interests, net of taxes | (20,248) | (38,718) | (2,594) |
| Accounts receivable and other assets | (18,328) | 17,311 | 27,776 |
| Accounts payable and other liabilities | 27,042 | (23,254) | (6,195) |
| Net cash provided by operating activities | 252,760 | 243,113 | 302,614 |
| Change in restricted cash | (9,189) | (2,312) | (671) |
| Cash paid for property acquisitions | (13,000) | (195,554) | |
| Additions to land, buildings, development costs, building improvements and lease costs | (259,919) | (402,349) | (1,020,819) |
| Net proceeds from divestiture of real estate and securities | 101,660 | 482,515 | 421,647 |
| Additions to interests in unconsolidated joint ventures | (413,451) | (7,447) | (52,267) |
| Repayment of mortgage and loan receivables | 81,542 | ||
| Capital distributions received from unconsolidated joint ventures | 2,182 | 9,457 | 35,012 |
| Cash transferred to unconsolidated joint ventures | (357) | (16,848) | |
| Repayments from (loans made to) affiliates | 5,089 | 4,590 | (73,480) |
| Purchase of equity interests, net | (60,330) | ||
| Net cash (used in) provided by investing activities | (586,628) | 84,097 | (881,768) |
| Issuance of common stock, net | 478,847 | 552,319 | |
| Proceeds from stock option exercises | 7,288 | 1,823 | 4,213 |
| Purchase of noncontrolling interest | (9,926) | (8,968) | |
| Repurchase and retirement of common stock | (87,696) | ||
| Borrowings on secured debt | 184,114 | 147,995 | 641,572 |
| Payments on secured debt | (332,209) | (478,699) | (210,440) |
| Borrowings on other debt | 206,046 | 219,045 | 525,000 |
| Payments on other debt | (292,030) | (122,632) | (212,547) |
| Borrowings on unsecured credit facilities | 654,275 | 704,639 | 1,913,126 |
| Payments on unsecured credit facilities | (892,057) | (1,147,258) | (1,856,734) |
| Payment of financing fees | (38,340) | (25,187) | (14,931) |
| Net proceeds from issuances of senior debt | 571,622 | 500,000 | 325,000 |
| Payments on senior debt | (48,500) | (497,103) | (175,000) |
| Issuance, redemption or repurchases of preferred stock or units | (322) | (10) | |
| Forfeiture of stock | (3,584) | (837) | (1,594) |
| Contributions from noncontrolling interests | 50,990 | 15,117 | 16,695 |
| Distributions paid to partners | (195,755) | (139,515) | (224,549) |
| Distributions to noncontrolling interests, including preferred units | (11,047) | (18,771) | (61,934) |
| Net cash provided by (used in) financing activities | 329,734 | (298,354) | 580,171 |
| Net effect of exchange rate changes on cash | 15,389 | (65,623) | 2,695 |
| Net increase (decrease) in cash and cash equivalents | 11,255 | (36,767) | 3,712 |
| Cash and cash equivalents at beginning of period | 198,424 | 223,936 | 223,936 |
| Cash and cash equivalents at end of period | 198,424 | 223,936 | 223,936 |
| Cash paid for interest, net of capitalized interest | 122,198 | 108,901 | 137,613 |
| Acquisition of properties | 13,337 | 227,612 | |
| Assumption of secured debt | (16,843) | ||
| Assumption of other assets and liabilities | (7,564) | ||
| Acquisition capital | (337) | (7,651) | |
| Net cash paid for property acquisitions | 13,000 | 195,554 | |
| Preferred unit redemption (discount) issuance costs | (9,759) | ||
| Contribution of properties to unconsolidated joint ventures, net | 22,391 | 41,379 | 114,423 |
| Exchange of common stock for preferred units | 67,802 | ||
| Unit proceeds received from stock option exercises | 10,384 | ||
| External Links | |
| PROLOGIS, INC. (PLD) Fiscal Year 2010 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |