Company: PLDGP
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000950170-25-021272
Chunk: 345

Company: Prologis, Inc.
Filing Date: 2025-02-14
Form: 10-K
Item: Item 7
Chunk 345
---
    Prologis European Logistics Fund

    -

    29

    29

    2027 (2)

    Prologis Japan Core Logistics Fund

    84

    429

    513

    2033

    Prologis China Logistics Venture

    186

    1,057

    1,243

    2025 – 2028

    Total
     
    $
    303

    $
    1,743

    $
    2,046

(1)The equity commitments for the co-investment ventures that operate in a different functional currency than the U.S. dollar were calculated using the foreign currency exchange rate at December 31, 2024.

(2)Venture partners generally have the option to cancel their equity commitment starting 18 months after the initial commitment date.

See the Cash Flow Summary below for more information about our investment activity in our co-investment ventures. 

40

Cash Flow Summary

The following table summarizes our cash flow activity (in millions):

    2024

    2023

    Net cash provided by (used in) operating activities
    $
    4,912

    $
    5,373

    Net cash provided by (used in) investing activities
    $
    (3,099
    )
     
    $
    (6,419
    )

    Net cash provided by (used in) financing activities
    $
    (1,000
    )
     
    $
    1,320

    Net increase (decrease) in cash and cash equivalents, including the effect of foreign currency      exchange rates on cash
    $
    788

    $
    252

Operating Activities

Cash provided by and used in operating activities, exclusive of changes in receivables and payables, was impacted by the following significant activities:

•Real Estate Segment. We receive the majority of our operating cash through the net revenues of our Real Estate Segment, including the recovery of our operating costs. Cash flows generated by the Real Estate Segment are impacted by our acquisition, development and disposition activities, which are drivers of NOI recognized during each period. See the Results of Operations section above for further explanation of our Real Estate Segment. The revenues from this segment include noncash adjustments for straight-lined rents and amortization of above and below market leases of $645 million and $613 million in 2024 and 2023, respectively.

•Strategic Capital