Prologis (PLD) FY2013 results: revenue $1.8 billion, down 10.7% on the year
Prologis, Inc. (PLD) reported revenue of $1.8 billion for fiscal 2013, the year ended 31 December 2013, down 10.7% on the year before. Net income was $343 million, and diluted earnings per share $0.64. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2014.
Revenue
$1.8 billion
-10.7% on the year
FY2009FY2013
Operating margin
17.4%
4.7% a year earlier
FY2009FY2013
Net income
$343 million
FY2009FY2013
Diluted EPS
$0.64
FY2009FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
1,750
1,961
1,422
-10.7%
Operating income
304
93.0
94.8
+227.4%
Operating margin
17.4%
4.7%
6.7%
Interest expense
379
505
467
-24.9%
Pre-tax income
336
-103
-273
Income tax
107
-3.6
1.8
Effective tax rate
31.7%
n/a
n/a
Net income
343
-39.7
-153
Net margin
19.6%
-2.0%
-10.8%
Diluted EPS
$0.64
-$0.18
-$0.51
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
485
463
207
+4.6%
Cash from investing
2,334
530
-233
+340.7%
Cash from financing
-2,366
-1,072
163
Depreciation and amortisation
664
767
604
-13.5%
Share-based compensation
49.2
32.1
28.9
+53.2%
Dividends paid
552
520
387
+6.1%
Dividend per share
$1.12
$1.12
$1.06
0.0%
Diluted shares, weighted
492m
460m
371m
+6.9%
Shares outstanding at period end
499m
462m
459m
+8.0%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
13,711
13,069
13,662
+4.9%
Non-controlling interest
465
704
794
-33.9%
Debt
9,011
11,791
11,382
-23.6%
Other liabilities
1,385
1,746
1,886
-20.7%
Total liabilities and equity
24,572
27,310
27,724
-10.0%
Intangible assets
222
219
n/a
+1.7%
Cash and equivalents
491
101
176
+387.2%
Other assets
23,859
26,991
27,548
-11.6%
Total assets
24,572
27,310
27,724
-10.0%
10-K for the year ended 31 December 2013, filed 26 February 2014: the filing.