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: 2016 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 15, 2017) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Revenues: | |||
| Rental | $ 1,734,844 | 1,536,117 | 1,178,609 |
| Rental recoveries | 485,565 | 437,070 | 348,740 |
| Strategic capital | 294,552 | 210,362 | 219,871 |
| Development management and other | 18,174 | 13,525 | 13,567 |
| Total revenues | 2,533,135 | 2,197,074 | 1,760,787 |
| Expenses: | |||
| Rental | 568,870 | 544,182 | 430,289 |
| Strategic capital | 128,506 | 108,422 | 115,430 |
| General and administrative | 222,067 | 217,227 | 229,332 |
| Depreciation and amortization | 930,985 | 880,373 | 642,461 |
| Other | 14,329 | 66,698 | 23,467 |
| Total expenses | 1,864,757 | 1,816,902 | 1,440,979 |
| Operating income | 668,378 | 380,172 | 319,808 |
| Other income (expense): | |||
| Earnings from unconsolidated entities, net | 206,307 | 159,262 | 134,288 |
| Interest expense | (303,146) | (301,363) | (308,885) |
| Interest and other income, net | 8,101 | 25,484 | 25,768 |
| Gains on dispositions of investments in real estate and revaluation of equity investments upon acquisition of a controlling interest, net | 757,398 | 758,887 | 725,790 |
| Foreign currency and derivative gains (losses), net | 7,582 | 12,466 | (17,841) |
| Gains (losses) on early extinguishment of debt, net | 2,484 | (86,303) | (165,300) |
| Total other income | 678,726 | 568,433 | 393,820 |
| Earnings before income taxes | 1,347,104 | 948,605 | 713,628 |
| Total income tax expense (benefit) | 54,564 | 23,090 | (25,656) |
| Consolidated net earnings | 1,292,540 | 925,515 | 739,284 |
| Less net earnings attributable to noncontrolling interests | 82,608 | 56,076 | 103,101 |
| Net earnings attributable to controlling interests | 1,209,932 | 869,439 | 636,183 |
| Less preferred stock/unit dividends/distributions | 6,714 | 6,651 | 7,431 |
| Loss on preferred stock/unit repurchase | 0 | 0 | 6,517 |
| Net earnings attributable to common stockholders/unitholders | 1,203,218 | 862,788 | 622,235 |
| Weighted average common shares/units outstanding Basic | 526,103 | 521,241 | 499,583 |
| Weighted average common shares/units outstanding Diluted | 546,666 | 533,944 | 506,391 |
| Net earnings per share attributable to common stockholders/unitholders Basic | 2.29 | 1.66 | 1.25 |
| Net earnings per share attributable to common stockholders/unitholders Diluted | 2.27 | 1.64 | 1.24 |
| Dividends per common share or unit | 1.68 | 1.52 | 1.32 |
| Legal Entity | |||
| Prologis, L.P. | |||
| Rental | 1,734,844 | 1,536,117 | 1,178,609 |
| Rental recoveries | 485,565 | 437,070 | 348,740 |
| Strategic capital | 294,552 | 210,362 | 219,871 |
| Development management and other | 18,174 | 13,525 | 13,567 |
| Total revenues | 2,533,135 | 2,197,074 | 1,760,787 |
| Rental | 568,870 | 544,182 | 430,289 |
| Strategic capital | 128,506 | 108,422 | 115,430 |
| General and administrative | 222,067 | 217,227 | 229,332 |
| Depreciation and amortization | 930,985 | 880,373 | 642,461 |
| Other | 14,329 | 66,698 | 23,467 |
| Total expenses | 1,864,757 | 1,816,902 | 1,440,979 |
| Operating income | 668,378 | 380,172 | 319,808 |
| Earnings from unconsolidated entities, net | 206,307 | 159,262 | 134,288 |
| Interest expense | (303,146) | (301,363) | (308,885) |
| Interest and other income, net | 8,101 | 25,484 | 25,768 |
| Gains on dispositions of investments in real estate and revaluation of equity investments upon acquisition of a controlling interest, net | 757,398 | 758,887 | 725,790 |
| Foreign currency and derivative gains (losses), net | 7,582 | 12,466 | (17,841) |
| Gains (losses) on early extinguishment of debt, net | 2,484 | (86,303) | (165,300) |
| Total other income | 678,726 | 568,433 | 393,820 |
| Earnings before income taxes | 1,347,104 | 948,605 | 713,628 |
| Total income tax expense (benefit) | 54,564 | 23,090 | (25,656) |
| Consolidated net earnings | 1,292,540 | 925,515 | 739,284 |
| Less net earnings attributable to noncontrolling interests | 48,307 | 44,950 | 100,900 |
| Net earnings attributable to controlling interests | 1,244,233 | 880,565 | 638,384 |
| Less preferred stock/unit dividends/distributions | 6,714 | 6,651 | 7,431 |
| Loss on preferred stock/unit repurchase | 0 | 0 | 6,517 |
| Net earnings attributable to common stockholders/unitholders | 1,237,519 | 873,914 | 624,436 |
| Weighted average common shares/units outstanding Basic | 532,326 | 525,912 | 501,349 |
| Weighted average common shares/units outstanding Diluted | 546,666 | 533,944 | 506,391 |
| Net earnings per share attributable to common stockholders/unitholders Basic | 2.29 | 1.66 | 1.25 |
| Net earnings per share attributable to common stockholders/unitholders Diluted | 2.27 | 1.64 | 1.24 |
| Dividends per common share or unit | 1.68 | 1.52 | 1.32 |
| External Links | |
| PROLOGIS, INC. (PLD) Fiscal Year 2016 | |
| 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 |