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Income Statement
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PROLOGIS (PLD)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-10Dec-31-09Dec-31-08Dec-31-07Dec-31-06Dec-31-05Dec-31-04Dec-31-03
   10-K/A10-K/A10-K/A10-K10-K10-K/A10-K10-K
Revenues:          
Rental income  771.3722.6743.8     
Property management and other fees and incentives  120.3142.8131.0     
CDFS disposition proceeds   180.2      
Development management and other income  17.59.025.9     
    Total revenues  909.21,054.65,396.1     
   
Expenses:          
Rental expenses  223.9223.7229.5     
Investment management expenses  40.743.450.8     
General and administrative  166.0180.5177.4182.8147.2118.284.965.9
Reduction in workforce   11.723.1     
Impairment of real estate properties  736.6331.6274.7     
Depreciation and amortization  319.6274.5272.8286.3283.3186.6162.0158.8
Other expenses  16.424.027.612.413.08.65.57.6
    Total expenses  1,503.11,089.54,896.6     
    Operating income (loss)  -594.0-34.8499.51,099.5764.7423.8349.6335.6
   
Other income (expense):          
Earnings (loss) from unconsolidated investees, net  23.728.1-55.8     
Interest income  5.02.79.5     
Interest expense  -461.2-373.3-385.1     
Impairment of goodwill and other assets  -412.7-163.6-320.6     
Other income (expense), net  10.8-42.17.0-103.9120.2107.6104.7 
Net gains on dispositions of investments in real estate  28.535.311.7     
Foreign currency exchange gains (losses), net  -11.135.6-148.3-8.1-21.4-16.0-14.7 
Gain (loss) on early extinguishment of debt, net  -201.5172.390.7     
    Total other income (expense)  -1,018.5-305.1-790.8     
Loss before income taxes  -1,612.4-339.9-291.3995.6743.9327.0264.0258.9
Current income tax expense  21.729.363.4     
Deferred income tax expense (benefit)  -52.2-23.34.6     
    Total income taxes  -30.56.068.066.929.826.943.615.4
            Tax rate  1.9%  6.7%4.0%8.2%16.5%5.9%
    Loss from continuing operations  -1,581.9-345.9-359.4     
   
Discontinued operations:          
Income attributable to disposed properties and assets held for sale  76.9105.188.1     
Net gain (impairment) related to disposed assets China operations   3.3-198.2     
   
Net gains on dispositions/impairment of properties:          
Non-development properties, net of taxes  213.6220.89.7     
Development properties and land subject to ground leases  21.040.6      
    Total discontinued operations  311.5369.8-90.6129.2160.296.112.37.1
    Consolidated net earnings (loss)  -2,852.4-322.0-450.01,057.9644.5316.2244.8198.1
Net earnings attributable to noncontrolling interests  0.0-1.2-3.84.8 -5.24.95.0
    Net earnings (loss) attributable to controlling interests  -1,270.522.8-453.81,053.1874.4396.2232.8250.7
Less preferred share dividends  25.425.425.4     
    Net loss attributable to common shares  -1,295.9-2.7-479.21,027.6849.0370.7202.8212.4
   
Weighted average common shares outstanding - Basic  491.7403.1262.7256.9246.0203.3182.2179.2
Weighted average common shares outstanding - Diluted  491.7403.1262.7267.2256.9213.7191.8187.2
   
Net earnings (loss) per share attributable to common shares - Basic:          
Continuing operations  0.00.00.00.00.00.00.00.0
Discontinued operations  0.00.00.00.00.00.00.00.0
   
    Net loss per share attributable to common shares - Basic  ($2.64)($0.01)($1.82)     
   
Net earnings (loss) per share attributable to common shares - Diluted:          
Continuing operations  0.00.00.00.00.00.00.00.0
Discontinued operations  0.00.00.00.00.00.00.00.0
    Net loss per share attributable to common shares - Diluted  ($2.64)($0.01)($1.82)     
   
Distributions per common share  $0.56$0.70$2.07     

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