Prologis, Inc. (PLD)
NYSE: PLD · Real-Time Price · USD
147.12
-0.14 (-0.10%)
At close: Jul 28, 2026, 4:00 PM EDT
147.25
+0.13 (0.09%)
After-hours: Jul 28, 2026, 7:34 PM EDT
Prologis Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Quarter | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 | Jun '21 Jun 30, 2021 |
Net Income | 1,045 | 1,482 | 821.26 | 622.3 | 639.52 | 1,342 | 1,063 | 911.5 | 630.81 | 675.88 | 799.14 | 1,279 | 498.63 | 620.07 | 1,069 | 646.44 | 1,220 | 1,301 | 797.73 | 650.31 |
Depreciation & Amortization | 731.51 | 668.75 | 648 | 657.22 | 652.06 | 656.44 | 649.27 | 637.31 | 637.51 | 638.35 | 642.01 | 602.17 | 602.37 | 612.37 | 401.45 | 402.31 | 396.65 | 396.83 | 390.81 | 392.74 |
Stock-Based Compensation | 60.63 | 43.81 | 44.51 | 43.98 | 53.16 | 67.45 | 42.52 | 54.55 | 67.24 | 57.63 | 57.25 | 89.87 | 62.91 | 35.33 | 61.67 | 36.92 | 41.43 | 28.61 | 25.9 | 23.95 |
Other Adjustments | -417.5 | -883.01 | -158.88 | -56.03 | -73.94 | -736.65 | -429.99 | -399.31 | -134.98 | -146.26 | 353.85 | -983.43 | -9.23 | 225.21 | -592.99 | -266.88 | -820.17 | -875.96 | -424.17 | -326.99 |
Changes in Other Operating Activities | -131.32 | -153.53 | 92.84 | -25.77 | -110.04 | 6.04 | 109.6 | -117.59 | -145.11 | -151.17 | 116.95 | 227.04 | -40.38 | -215.36 | 264.03 | -14.85 | 3.9 | -134.27 | 23.81 | -90.8 |
Operating Cash Flow | 1,288 | 1,158 | 1,448 | 1,242 | 1,161 | 1,335 | 1,435 | 1,086 | 1,055 | 1,074 | 1,969 | 1,215 | 1,114 | 1,278 | 1,203 | 803.95 | 841.53 | 716.07 | 814.07 | 649.21 |
Operating Cash Flow Growth (YoY) | 10.97% | -13.27% | 0.90% | 14.29% | 9.98% | 24.30% | -27.14% | -10.59% | -5.28% | -15.90% | 63.64% | 51.15% | 32.41% | 78.42% | 47.82% | 23.84% | 3.04% | 18.62% | -16.76% | -4.00% |
Investing Activities
Fiscal Quarter | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 | Jun '21 Jun 30, 2021 |
Capital Expenditures | -1,137 | -1,640 | -967.81 | -1,150 | -1,713 | -1,627 | -2,371 | -1,442 | -980.48 | -1,703 | -1,182 | -4,316 | -1,087 | -1,317 | -1,281 | -2,368 | -1,194 | -2,159 | -1,283 | -1,289 |
Sale of Property, Plant & Equipment | 624.04 | 1,905 | 84.55 | 99.38 | 157.01 | 2,001 | 738.43 | 850.96 | 199.54 | 453.88 | 535.82 | 719.72 | 54.9 | 341.63 | 68.4 | 158.34 | 1,495 | 1,404 | 988.37 | 1,102 |
Purchases of Investments | -150.66 | -261.56 | -18.06 | -5.25 | -27.35 | -60.66 | -115.39 | -49.66 | -314.84 | -38.05 | -73.29 | -133.17 | -39.68 | -250.03 | -79.49 | -78.04 | -34.81 | -343.19 | -88.27 | -224.88 |
Proceeds from Sale of Investments | 263.1 | 28.28 | 17.13 | 30.72 | 28.31 | 4.27 | 36.67 | 16.03 | 1.36 | 43.38 | 16.4 | 267.33 | 21.17 | 18.47 | 21.28 | 22.95 | 14.3 | 1.28 | 10.86 | 8.5 |
Cash Acquisitions | - | - | - | - | - | - | - | - | - | -4.9 | -5.98 | -18.3 | -3.83 | -92.05 | 0 | - | - | - | - | - |
Other Investing Activities | 0.31 | -6.74 | -9.19 | 0 | 4.85 | 1.57 | 0 | 2.44 | 10.36 | 4 | 9.65 | 15.91 | 5.32 | 11.56 | 18.55 | 22.76 | 2.96 | 3.31 | -8.51 | -5.49 |
Investing Cash Flow | -400.62 | 25.13 | -1,070 | -1,035 | -1,551 | 319.96 | -1,711 | -623.83 | -1,084 | -1,207 | -698.95 | -3,464 | -1,049 | -1,288 | -1,252 | -2,242 | 283.43 | -1,093 | -380.57 | -408.91 |
Financing Activities
Fiscal Quarter | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 | Jun '21 Jun 30, 2021 |
Short-Term Debt Issued | 517.78 | -175.98 | -290.54 | -36.62 | 299.22 | -395.91 | 138.02 | -526.15 | 53.96 | - | - | - | -1,338 | 233.81 | -67.1 | - | - | 393.54 | 100.03 | - |
Short-Term Debt Repaid | - | - | - | - | - | - | - | - | - | - | -410.15 | - | - | - | - | - | -492.55 | - | - | - |
Net Short-Term Debt Issued (Repaid) | 517.78 | -175.98 | -290.54 | -36.62 | 299.22 | -395.91 | 138.02 | -526.15 | 53.96 | - | -410.15 | - | -1,338 | 233.81 | -67.1 | - | -492.55 | 393.54 | 100.03 | - |
Long-Term Debt Issued | 161.62 | 505.49 | 1,177 | 1,258 | 520.22 | 222.06 | 1,267 | 1,159 | 1,858 | 8.12 | 241.76 | 2,960 | 2,545 | 722.14 | 1,109 | 443.57 | 1,841 | 772.94 | 206.9 | 588.04 |
Long-Term Debt Repaid | -686.28 | -492.79 | -136.67 | -1.19 | -71.21 | -1.92 | -1.93 | -1.7 | -913.94 | -1.86 | -1.77 | -177.78 | -90.79 | -494.26 | -135.63 | -418.12 | -333 | -358.79 | -16.17 | -253.23 |
Net Long-Term Debt Issued (Repaid) | -524.66 | 12.7 | 1,040 | 1,257 | 449.01 | 220.14 | 1,265 | 1,157 | 944.36 | 6.26 | 239.99 | 2,782 | 2,454 | 227.88 | 973.7 | 25.45 | 1,508 | 414.15 | 190.73 | 334.81 |
Issuance of Common Stock | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0.03 |
Net Common Stock Issued (Repurchased) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0.03 |
Common Dividends Paid | -1,001 | -941.97 | -941.26 | -941.59 | -939.92 | -893 | -892.86 | -892.81 | -891.81 | -808.57 | -806.29 | -807.23 | -806.51 | -731.96 | -587.65 | -587.73 | -587.38 | -468.5 | -468.18 | -468.18 |
Other Financing Activities | -150.83 | -113.03 | -60.19 | -96.91 | -83.88 | -22.83 | -64.97 | -93.82 | -104.13 | -42.76 | -71.21 | -115.5 | -137.48 | -101.24 | -60.61 | -71.25 | -186.04 | 11.29 | -266.39 | -134.37 |
Financing Cash Flow | -1,158 | -1,218 | -251.73 | 181.95 | -275.56 | -1,092 | 445.06 | -355.8 | 2.39 | -84.01 | -1,048 | 2,280 | 172.41 | -371.52 | 258.35 | -13.52 | 242.48 | 350.47 | -443.82 | -322.66 |
Net Cash Flow
Fiscal Quarter | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 | Jun '21 Jun 30, 2021 |
Foreign Exchange Rate Adjustments | -13.74 | -5.45 | -5.97 | 6.27 | 17.84 | -26.08 | 13.73 | -9.06 | -3.58 | 6.39 | -12.86 | -22.04 | 6.47 | 23.7 | -10.47 | -23.22 | -10.81 | -2 | -6.06 | 7.73 |
Net Cash Flow | -284.5 | -40.38 | 119.94 | 394.96 | -647.47 | 537.72 | 182.52 | 97.76 | -29.8 | -210.45 | 209.73 | 8.61 | 244.02 | -357.8 | 198.77 | -1,475 | 1,357 | -28.95 | -16.38 | -74.63 |
Free Cash Flow
Fiscal Quarter | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 | Jun '21 Jun 30, 2021 |
Free Cash Flow | 150.74 | -481.86 | 479.92 | 91.62 | -552.59 | -291.24 | -935.98 | -355.8 | 74.98 | -628.15 | 787.66 | -3,100 | 27.25 | -39.55 | -77.85 | -1,564 | -352.76 | -1,443 | -468.93 | -639.8 |
Free Cash Flow Growth (YoY) | - | - | - | - | - | - | - | - | 175.13% | - | - | - | - | - | - | - | - | - | - | - |
FCF Margin | 6.56% | -21.39% | 21.68% | 4.20% | -25.83% | -13.23% | -45.96% | -17.72% | 3.83% | -33.25% | 41.14% | -126.50% | 1.54% | -2.26% | -4.45% | -124.95% | -28.94% | -112.99% | -39.64% | -55.59% |
Free Cash Flow Per Share | 0.16 | -0.50 | 0.50 | 0.10 | -0.58 | -0.31 | -0.98 | -0.37 | 0.08 | -0.66 | 0.83 | -3.26 | 0.03 | -0.04 | -0.10 | -2.04 | -0.46 | -1.89 | -0.61 | -0.84 |
Levered Free Cash Flow | 436.39 | 110.07 | 1,286 | 1,272 | 168.42 | 137.4 | 795.2 | 568.13 | 1,095 | -579.66 | 153.43 | 510.64 | 1,055 | 127.28 | 1,305 | -1,346 | 1,371 | 158.13 | 144.37 | -53.64 |
Unlevered Free Cash Flow | 253.52 | -317.56 | 610.05 | 305.55 | -408.88 | -105.61 | -830.54 | -218.94 | 141.69 | -622.84 | 208.35 | -2,354 | 15.2 | -334.03 | 194.28 | -1,584 | -392.59 | -1,434 | -485.08 | -627.9 |