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: 2012 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Dec 31, 2012 10-K (Filed: Feb 28, 2013) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Operating activities: | |||
| Consolidated net earnings (loss) | $ (30,472) | (157,938) | (1,270,453) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | |||
| Straight-lined rents | (62,290) | (59,384) | (40,983) |
| Stock-based compensation awards, net | 32,138 | 28,920 | 25,085 |
| Depreciation and amortization | 767,459 | 603,884 | 356,694 |
| Earnings from unconsolidated entities, net | (31,676) | (59,935) | (23,678) |
| Distributions and changes in operating receivables from unconsolidated entities | 6,581 | 58,981 | 79,671 |
| Amortization of debt and lease intangibles | 21,008 | 43,556 | 79,538 |
| Non-cash Merger, acquisition and other integration expenses | 17,581 | 20,290 | |
| Impairment of real estate properties and other assets | 269,049 | 147,669 | 1,149,357 |
| Net gains on dispositions, including related impairment charges, in discontinued operations | (43,008) | (61,830) | (234,574) |
| Gains on acquisitions and dispositions of investments in real estate, net | (305,607) | (111,684) | (28,488) |
| Loss (gain) on early extinguishment of debt, net | 14,114 | (258) | 201,486 |
| Unrealized foreign currency and derivative losses (gains), net | 14,892 | (38,398) | 11,487 |
| Deferred income tax benefit | (21,967) | (19,803) | (52,223) |
| Decrease (increase) in restricted cash, accounts receivable and other assets | (178,387) | (40,095) | 63,701 |
| Decrease in accounts payable and accrued expenses and other liabilities | (5,923) | (146,911) | (75,837) |
| Net cash provided by operating activities | 463,492 | 207,064 | 240,783 |
| Investing activities: | |||
| Real estate development activity | (793,349) | (811,035) | (324,471) |
| Real estate acquisitions | (254,414) | (214,759) | (133,654) |
| Tenant improvements and lease commissions on previously leased space | (133,558) | (88,368) | (57,240) |
| Non-development capital expenditures | (80,612) | (55,702) | (28,565) |
| Investments in and advances to unconsolidated entities, net | (165,011) | (37,755) | (335,396) |
| Return of investment from unconsolidated entities | 291,679 | 170,158 | 220,195 |
| Proceeds from dispositions of real estate properties | 1,975,036 | 1,644,152 | 1,642,986 |
| Proceeds from repayment of notes receivable backed by real estate and other notes receivable | 55,000 | 6,450 | 18,440 |
| Investments in notes receivable backed by real estate and advances on other notes receivable | (55,000) | (269,000) | |
| Cash acquired in connection with the Merger | 234,045 | ||
| Net cash provided by (used in) investing activities | 529,615 | (233,065) | 733,295 |
| Financing activities: | |||
| Proceeds from issuance of common stock, net | 30,981 | 1,156,493 | 1,162,461 |
| Dividends paid on common stock | (520,253) | (387,133) | (280,658) |
| Dividends paid on preferred stock | (47,581) | (26,965) | (25,416) |
| Noncontrolling interest contributions | 70,820 | 123,924 | |
| Noncontrolling interest distributions | (44,070) | (17,378) | (1,610) |
| Purchase of noncontrolling interest | (142,064) | ||
| Debt and equity issuance costs paid | (10,963) | (77,241) | (76,580) |
| Net proceeds from (payments on) Credit Facilities | 9,064 | (37,558) | (246,280) |
| Repurchase of debt | (1,653,989) | (894,249) | (3,104,476) |
| Proceeds from the issuance of debt | 1,433,254 | 1,298,891 | 1,860,299 |
| Payments on debt | (196,710) | (975,466) | (257,502) |
| Net cash provided by (used in) financing activities | (1,071,511) | 163,318 | (969,762) |
| Effect of foreign currency exchange rate changes on cash | 3,142 | 1,121 | (1,044) |
| Net increase (decrease) in cash and cash equivalents | (75,262) | 138,438 | 3,272 |
| Cash and cash equivalents, beginning of year | 176,072 | 37,634 | |
| Cash and cash equivalents, end of year | 100,810 | 176,072 | 37,634 |
| Business Acquisition | |||
| PEPR | |||
| Acquisition, net of cash received | (1,025,251) | ||
| Legal Entity | |||
| Prologis, L.P. | |||
| Acquisition, net of cash received | (1,025,251) | ||
| NAIF II | |||
| Acquisition, net of cash received | (365,156) | ||
| Acquisition, net of cash received | (365,156) | ||
| Legal Entity | |||
| Prologis, L.P. | |||
| Consolidated net earnings (loss) | (30,472) | (157,938) | (1,270,453) |
| Straight-lined rents | (62,290) | (59,384) | (40,983) |
| Stock-based compensation awards, net | 32,138 | 28,920 | 25,085 |
| Depreciation and amortization | 767,459 | 603,884 | 356,694 |
| Earnings from unconsolidated entities, net | (31,676) | (59,935) | (23,678) |
| Distributions and changes in operating receivables from unconsolidated entities | 6,581 | 58,981 | 79,671 |
| Amortization of debt and lease intangibles | 21,008 | 43,556 | 79,538 |
| Non-cash Merger, acquisition and other integration expenses | 17,581 | 20,290 | |
| Impairment of real estate properties and other assets | 269,049 | 147,669 | 1,149,357 |
| Net gains on dispositions, including related impairment charges, in discontinued operations | (43,008) | (61,830) | (234,574) |
| Gains on acquisitions and dispositions of investments in real estate, net | (305,607) | (111,684) | (28,488) |
| Loss (gain) on early extinguishment of debt, net | 14,114 | (258) | 201,486 |
| Unrealized foreign currency and derivative losses (gains), net | 14,892 | (38,398) | 11,487 |
| Deferred income tax benefit | (21,967) | (19,803) | (52,223) |
| Decrease (increase) in restricted cash, accounts receivable and other assets | (178,387) | (40,095) | 63,701 |
| Decrease in accounts payable and accrued expenses and other liabilities | (5,923) | (146,911) | (75,837) |
| Net cash provided by operating activities | 463,492 | 207,064 | 240,783 |
| Real estate development activity | (793,349) | (811,035) | (324,471) |
| Real estate acquisitions | (254,414) | (214,759) | (133,654) |
| Tenant improvements and lease commissions on previously leased space | (133,558) | (88,368) | (57,240) |
| Non-development capital expenditures | (80,612) | (55,702) | (28,565) |
| Investments in and advances to unconsolidated entities, net | (165,011) | (37,755) | (335,396) |
| Return of investment from unconsolidated entities | 291,679 | 170,158 | 220,195 |
| Proceeds from dispositions of real estate properties | 1,975,036 | 1,644,152 | 1,642,986 |
| Proceeds from repayment of notes receivable backed by real estate and other notes receivable | 55,000 | 6,450 | 18,440 |
| Investments in notes receivable backed by real estate and advances on other notes receivable | (55,000) | (269,000) | |
| Cash acquired in connection with the Merger | 234,045 | ||
| Net cash provided by (used in) investing activities | 529,615 | (233,065) | 733,295 |
| Proceeds from issuance of common stock, net | 30,981 | 1,156,493 | 1,162,461 |
| Distributions paid on common partnership units | (528,226) | (388,333) | (280,658) |
| Distributions paid on preferred units | (47,581) | (26,965) | (25,416) |
| Noncontrolling interest contributions | 70,820 | 123,924 | |
| Noncontrolling interest distributions | (41,905) | (16,178) | (1,610) |
| Purchase of noncontrolling interest | (136,256) | ||
| Debt and equity issuance costs paid | (10,963) | (77,241) | (76,580) |
| Net proceeds from (payments on) Credit Facilities | 9,064 | (37,558) | (246,280) |
| Repurchase of debt | (1,653,989) | (894,249) | (3,104,476) |
| Proceeds from the issuance of debt | 1,433,254 | 1,298,891 | 1,860,299 |
| Payments on debt | (196,710) | (975,466) | (257,502) |
| Net cash provided by (used in) financing activities | (1,071,511) | 163,318 | (969,762) |
| Effect of foreign currency exchange rate changes on cash | 3,142 | 1,121 | (1,044) |
| Net increase (decrease) in cash and cash equivalents | (75,262) | 138,438 | 3,272 |
| Cash and cash equivalents, beginning of year | 100,810 | 37,634 | 37,634 |
| Cash and cash equivalents, end of year | 100,810 | 37,634 | 37,634 |
| External Links | |
| PROLOGIS, INC. (PLD) Fiscal Year 2012 | |
| 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 |