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: 2011 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2011 10-K (Filed: Feb 29, 2012) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
| Operating activities: | |||
| Consolidated net earnings (loss) | $ (157,938) | (1,270,453) | 23,929 |
| Adjustments to reconcile net earnings (loss) to net cash provided by operating activities: | |||
| Straight-lined rents | (59,384) | (40,983) | (38,997) |
| Cost of share-based compensation awards | 28,920 | 25,085 | 17,242 |
| Depreciation and amortization | 603,884 | 356,694 | 327,126 |
| Earnings from unconsolidated investees | (59,935) | (23,678) | (28,059) |
| Earnings from unconsolidated investees | (59,935) | (23,678) | (28,861) |
| Changes in operating receivables and distributions from unconsolidated investees | 58,981 | 79,671 | 69,656 |
| Amortization of debt and lease intangibles | 43,556 | 79,538 | 84,755 |
| Debt consent solicitation expenses | 14,547 | ||
| Non-cash merger expenses | 20,290 | 0 | |
| Impairment of goodwill and other assets | 126,432 | 412,745 | 163,644 |
| Impairment of real estate properties | 21,237 | 736,612 | 331,592 |
| Net gains on dispositions, net of related impairment charges, included in discontinued operations | (61,830) | (234,574) | (264,779) |
| Gains recognized on property acquisitions and dispositions, net | (111,684) | (28,488) | (35,262) |
| Gains recognized on disposition of investments in Japan property funds | (180,237) | ||
| Loss (gain) on early extinguishment of debt, net | (258) | 201,486 | (172,258) |
| Unrealized foreign currency and derivative losses (gains), net | (38,398) | 11,487 | (58,128) |
| Deferred income tax benefit | (19,803) | (52,223) | (23,287) |
| Decrease (increase) in restricted cash, accounts receivable and other assets | (40,095) | 63,701 | 102,510 |
| Decrease in accounts payable and accrued expenses and other liabilities | (146,911) | (75,837) | (244,085) |
| Net cash provided by operating activities | 207,064 | 240,783 | 89,095 |
| Investing activities: | |||
| Real estate investments | (1,025,794) | (458,125) | (1,241,836) |
| Tenant improvements and lease commissions on previously leased space | (88,368) | (57,240) | (49,783) |
| Non-development capital expenditures | (55,702) | (28,565) | (26,506) |
| Investments in and net advances to unconsolidated investees | (37,755) | (335,396) | (401,386) |
| Return of investment from unconsolidated investees | 170,158 | 220,195 | 81,216 |
| Proceeds from dispositions of real estate properties | 1,644,152 | 1,642,986 | 1,520,519 |
| Proceeds from dispositions of China operations and Japan property funds | 1,345,468 | ||
| Proceeds from repayment of notes receivable | 6,450 | 18,440 | 12,430 |
| Investments in notes receivable backed by real estate and advances on other notes receivable | (55,000) | (269,000) | (4,845) |
| Cash acquired in connection with AMB merger | 234,045 | ||
| Acquisition of PEPR, net of cash received | 1,025,251 | ||
| Net cash provided by (used in) investing activities | (233,065) | 733,295 | 1,235,277 |
| Financing activities: | |||
| Issuance of common stock/partnership units, net | 1,156,493 | 1,162,461 | 1,491,137 |
| Distributions paid on common stock | 387,133 | (280,658) | (271,845) |
| Dividends paid on preferred stock | 26,965 | (25,416) | (25,416) |
| Noncontrolling interest distributions | (17,318) | (1,610) | (1,548) |
| Noncontrolling interest contributions | 123,924 | ||
| Debt and equity issuance costs paid | 77,241 | (76,580) | (125,190) |
| Payments on credit facilities, net | (37,558) | (246,280) | (2,400,194) |
| Repurchase of debt | (894,249) | (3,104,476) | (1,226,658) |
| Proceeds from issuance of debt | 1,298,891 | 1,860,299 | 1,448,871 |
| Payments on debt | (975,466) | (257,502) | (351,793) |
| Net cash provided by (used in) financing activities | 163,318 | (969,762) | (1,462,636) |
| Effect of foreign currency exchange rate changes on cash | 1,121 | (1,044) | (2,010) |
| Net increase (decrease) in cash and cash equivalents | 138,438 | 3,272 | (140,274) |
| Cash and cash equivalents, beginning of period | 37,634 | 34,362 | |
| Cash and cash equivalents, end of period | 176,072 | 37,634 | 34,362 |
| Legal Entity | |||
| Prologis, L.P. | |||
| Consolidated net earnings (loss) | (157,938) | (1,270,453) | 23,929 |
| Straight-lined rents | (58,394) | (40,983) | (38,997) |
| Cost of share-based compensation awards | 28,920 | 25,085 | 17,242 |
| Depreciation and amortization | 603,884 | 356,694 | 327,126 |
| Earnings from unconsolidated investees | (59,935) | (23,678) | (28,059) |
| Earnings from unconsolidated investees | (59,935) | (23,678) | (28,861) |
| Changes in operating receivables and distributions from unconsolidated investees | 58,981 | 79,671 | 69,656 |
| Amortization of debt and lease intangibles | 79,538 | 84,755 | |
| Debt consent solicitation expenses | 14,547 | ||
| Non-cash merger expenses | 20,290 | 0 | |
| Impairment of goodwill and other assets | 126,432 | 412,745 | 163,644 |
| Impairment of real estate properties | 736,612 | 331,592 | |
| Net gains on dispositions, net of related impairment charges, included in discontinued operations | (61,830) | (234,574) | (264,779) |
| Gains recognized on property acquisitions and dispositions, net | 111,684 | (28,488) | (35,262) |
| Gains recognized on disposition of investments in Japan property funds | (180,237) | ||
| Loss (gain) on early extinguishment of debt, net | (258) | 201,486 | (172,258) |
| Unrealized foreign currency and derivative losses (gains), net | (38,398) | 11,487 | (58,128) |
| Deferred income tax benefit | (19,803) | (52,223) | (23,287) |
| Decrease (increase) in restricted cash, accounts receivable and other assets | (40,095) | 63,701 | 102,510 |
| Decrease in accounts payable and accrued expenses and other liabilities | (146,911) | (75,837) | (244,085) |
| Net cash provided by operating activities | 207,064 | 240,783 | 89,095 |
| Real estate investments | (1,025,794) | (458,125) | (1,241,836) |
| Tenant improvements and lease commissions on previously leased space | (88,368) | (57,240) | (49,783) |
| Non-development capital expenditures | (55,702) | (28,565) | (26,506) |
| Investments in and net advances to unconsolidated investees | (37,755) | (335,396) | (401,386) |
| Return of investment from unconsolidated investees | 170,158 | 220,195 | 81,216 |
| Proceeds from dispositions of real estate properties | 1,644,152 | 1,642,986 | 1,520,519 |
| Proceeds from dispositions of China operations and Japan property funds | 1,345,468 | ||
| Proceeds from repayment of notes receivable | 6,450 | 18,440 | 12,430 |
| Investments in notes receivable backed by real estate and advances on other notes receivable | (55,000) | (269,000) | (4,845) |
| Cash acquired in connection with AMB merger | 234,045 | ||
| Acquisition of PEPR, net of cash received | (1,025,251) | ||
| Net cash provided by (used in) investing activities | (233,065) | 733,295 | 1,235,277 |
| Issuance of common stock/partnership units, net | 1,156,493 | 1,162,461 | 1,491,137 |
| Distributions paid on common stock | (388,333) | (280,658) | (271,845) |
| Dividends paid on preferred stock | (26,965) | (25,416) | (25,416) |
| Noncontrolling interest distributions | (16,178) | (1,610) | (1,548) |
| Noncontrolling interest contributions | 123,924 | ||
| Debt and equity issuance costs paid | (77,241) | (76,580) | (125,190) |
| Payments on credit facilities, net | (37,558) | (246,280) | (2,400,194) |
| Repurchase of debt | (894,249) | (3,104,476) | (1,226,658) |
| Proceeds from issuance of debt | 1,298,891 | 1,860,299 | 1,448,871 |
| Payments on debt | (975,466) | (257,502) | (351,793) |
| Net cash provided by (used in) financing activities | 163,318 | (969,762) | (1,462,636) |
| Effect of foreign currency exchange rate changes on cash | 1,121 | (1,044) | (2,010) |
| Net increase (decrease) in cash and cash equivalents | 138,438 | 3,272 | (140,274) |
| Cash and cash equivalents, beginning of period | 176,072 | 34,362 | 34,362 |
| Cash and cash equivalents, end of period | 176,072 | 34,362 | 34,362 |
| External Links | |
| PROLOGIS, INC. (PLD) Fiscal Year 2011 | |
| 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 |