Company: PLDGP
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000950170-25-021272
Chunk: 23

Company: Prologis, Inc.
Filing Date: 2025-02-14
Form: 10-K
Item: Item 16
Chunk 23
---
,077
    )

    (567,076
    )

    294,164

    Repurchase of and payments on debt

    (919,481
    )

    (272,203
    )

    (1,381,005
    )

    Proceeds from the issuance of debt

    4,505,830

    5,755,096

    4,116,489

    Net cash provided by (used in) financing activities

    (999,957
    )

    1,320,282

    115,789

    Effect of foreign currency exchange rate changes on cash

    (24,992
    )

    (22,038
    )

    (20,796
    )

    Net increase (decrease) in cash and cash equivalents

    788,203

    251,905

    (277,634
    )

    Cash and cash equivalents, beginning of year

    530,388

    278,483

    556,117

    Cash and cash equivalents, end of year
     
    $
    1,318,591

    $
    530,388

    $
    278,483

See Note 18 for information on noncash investing and financing activities and other information.

The accompanying notes are an integral part of these Consolidated Financial Statements.

64

PROLOGIS, INC. AND PROLOGIS, L.P.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

NOTE 1. DESCRIPTION OF THE BUSINESS Prologis, Inc. (or the “Parent”) commenced operations as a fully integrated real estate company in 1997, elected to be taxed as a real estate investment trust (“REIT”) under the Internal Revenue Code of 1986, as amended (the “Internal Revenue Code” or “IRC”), and believes the current organization and method of operation will enable it to maintain its status as a REIT. The Parent is the general partner of Prologis, L.P. (or the “Operating Partnership” or “OP”). Through the OP, we are engaged in the ownership, acquisition, development and management of logistics facilities with a focus on key markets in 20 countries on four continents. We invest in real estate through wholly owned subsidiaries and other entities through which we co-invest with partners and investors. We maintain a significant level of ownership in these co-investment ventures, which may be consolidated or unconsolidated based