Prologis Cash Flow Statement
NYSE: PLDReal EstateReal Estate Investment TrustsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Prologis free cash flow
In fiscal 2025, Prologis generated $5.01 billion of operating cash flow and spent $2.78 billion on capital expenditures. That left free cash flow of $2.23 billion, a free-cash-flow margin of 25.3% of revenue. Free cash flow was up 30.6% from the prior year's $1.71 billion.
Prologis returned $3.76 billion to shareholders through dividends, equal to 169% of free cash flow. Free cash flow covered dividend payments 0.6 times.
Summary generated from market data by MetaCap's automated system. Methodology
Prologis cash flow statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 3.57B | 3.95B | 3.25B | 3.56B | 3.15B | 1.62B | 1.70B | 1.82B | 1.76B | 1.29B |
| Net Income growth (YoY) | -9.69% | +21.36% | -8.50% | +12.92% | +94.76% | -5.01% | -6.64% | +3.52% | +36.24% | +39.66% |
| Depreciation & Amortization | 2.63B | 2.58B | 2.48B | 1.81B | 1.58B | 1.56B | 1.14B | 947.21M | 879.14M | 930.99M |
| Stock-Based Compensation | 185.47M | 231.75M | 267.65M | 175.36M | 113.03M | 109.83M | 97.56M | 76.09M | 76.64M | 60.34M |
| Change in Working Capital | -422.10M | -341.61M | -102.61M | -71.31M | — | — | — | — | — | — |
| Operating Cash Flow | 5.01B | 4.91B | 5.37B | 4.13B | 3.00B | 2.94B | 2.26B | 1.80B | 1.69B | 1.42B |
| Capital Expenditures | -2.78B | -3.21B | -3.40B | -3.12B | -2.64B | -1.92B | -1.80B | -93.07M | -110.64M | -101.68M |
| Investing Cash Flow | -3.63B | -3.10B | -6.42B | -4.50B | -1.99B | -3.07B | -685.35M | -663.80M | 543.28M | 1.25B |
| Dividends Paid | -3.76B | -3.57B | -3.23B | -2.49B | -1.87B | -1.72B | -1.35B | -1.12B | -942.88M | -893.46M |
| Share Repurchases | — | — | — | 0 | 0 | -34.83M | 0 | 0 | — | — |
| Debt Issued | — | — | — | — | — | — | — | 4.90B | 2.42B | 1.37B |
| Debt Repaid | — | — | — | — | -750.00M | -750.00M | — | — | — | — |
| Financing Cash Flow | -1.56B | -999.96M | 1.32B | 115.79M | -1.01B | -372.16M | -839.60M | -1.23B | -2.61B | -2.13B |
| Net Change in Cash | -172.94M | 788.20M | 251.91M | -277.63M | -41.97M | -490.77M | 745.00M | -103.19M | -360.27M | 543.24M |
| Free Cash Flow | 2.23B | 1.71B | 1.97B | 1.01B | 356.17M | 1.02B | 468.90M | 1.71B | 1.58B | 1.32B |
This table shows 10 annual periods of Prologis's cash flow statement, from FY 2025 back to FY 2016, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow PLD's reporting calendar. What is a cash flow statement?