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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 itemsMar-31-11Dec-31-10Sep-30-10Jun-30-10Mar-31-10Dec-31-09Sep-30-09Jun-30-09
   10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Revenues:          
Rental income  671.2 653.4637.8632.9 661.5 
Property management and other fees and incentives  86.7 86.2102.8106.2 111.2 
Development management and other income  11.7 8.56.75.9 7.6 
    Total revenues  769.6 748.1747.3745.1 960.5 
   
Expenses:          
Rental expenses  197.7 190.6189.4193.0 203.5 
Investment management expenses  30.3 30.130.431.3 31.6 
General and administrative  163.2166.0168.0171.7174.2180.5165.3176.8
Reduction in workforce        11.7 
Depreciation and amortization  316.2308.7299.7285.9275.3274.7283.0277.9
Other expenses  16.816.418.921.921.924.036.431.5
    Total expenses  628.8 610.3646.1733.2 756.2 
    Operating income (loss)  -611.3-614.4-101.5-138.1-227.4-34.9-37.177.1
   
Other income (expense):          
Other income (expense), net  4.010.5-30.7-48.1-45.8-43.7-14.4-83.6
Net gains on dispositions of investments in real estate  50.6 58.736.433.3 24.0 
Foreign currency exchange gains (losses), net  14.016.31.99.17.334.2150.2146.9
Gain (loss) on early extinguishment of debt, net   -201.5-49.4-35.6106.7172.3173.2 
    Total other income (expense)  -250.0 -309.9-296.5-105.5 -7.1 
Loss before income taxes  -1,569.8-1,632.9-709.4-732.5-630.9-340.0-585.5-500.6
Current income tax expense  11.6 15.95.717.7 30.134.8
Deferred income tax expense (benefit)  -38.0 -40.4-47.5-15.4 -20.7 
    Total income taxes  -32.3-30.5-28.1-45.2-1.26.010.341.7
            Tax rate   1.9% 6.2% -1.8%-1.8%-8.3%
    Loss from continuing operations  -82.7 -147.5-153.5-95.9 187.8 
   
Discontinued operations:          
Income attributable to disposed properties and assets held for sale  6.5 20.823.732.3 11.7 
   
Net gains on dispositions/impairment of properties:          
    Total discontinued operations  311.4331.9169.8178.9383.7369.9127.0118.7
    Consolidated net earnings (loss)  -147.9 -257.1-259.820.4 403.6471.1
Net earnings attributable to noncontrolling interests  0.10.0-0.8-0.8-1.1-1.2-1.1-2.4
    Net earnings (loss) attributable to controlling interests  -1,226.6-1,271.1-512.2-508.9-246.923.0-469.8-455.6
Less preferred share dividends  19.1 19.119.119.1 19.1 
    Net loss attributable to common shares  -1,251.4-1,295.9-537.8-534.5-272.5-2.7-495.4-451.5
   
Weighted average common shares outstanding - Basic  385.0361.1363.1357.0339.5287.7282.0234.6
Weighted average common shares outstanding - Diluted  385.0361.1362.3356.2339.4288.2281.1234.5
   
Net earnings (loss) per share attributable to common shares - Basic:          
Continuing operations  0.00.00.00.00.00.00.00.0
Discontinued operations      0.00.00.00.0
   
    Net loss per share attributable to common shares - Basic  ($0.16) ($0.27)($0.27)$0.37 $1.23 
   
Net earnings (loss) per share attributable to common shares - Diluted:          
Continuing operations  0.00.00.00.00.00.00.00.0
Discontinued operations      0.00.00.00.0
    Net loss per share attributable to common shares - Diluted  ($0.16) ($0.27)($0.27)$0.36 $1.21 
   
Distributions per common share  $0.41 $0.45$0.45$0.45 $0.55 

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