Prologis (PLD) FY2015 results: revenue $2.2 billion, up 24.8% on the year
Prologis, Inc. (PLD) reported revenue of $2.2 billion for fiscal 2015, the year ended 31 December 2015, up 24.8% on the year before. Net income was $869 million, up 36.7%, and diluted earnings per share $1.64. The figures are the company's own, from the 10-K it filed with the SEC on 19 February 2016.
Revenue
$2.2 billion
+24.8% on the year
FY2009FY2015
Operating margin
17.3%
18.2% a year earlier
FY2009FY2015
Net income
$869 million
+36.7% on the year
FY2009FY2015
Diluted EPS
$1.64
+32.3% on the year
FY2009FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
2,197
1,761
1,750
+24.8%
Operating income
380
320
304
+18.9%
Operating margin
17.3%
18.2%
17.4%
Interest expense
301
309
379
-2.4%
Pre-tax income
949
714
336
+32.9%
Income tax
23.1
-25.7
107
Effective tax rate
2.4%
-3.6%
31.7%
Net income
869
636
343
+36.7%
Net margin
39.6%
36.1%
19.6%
Diluted EPS
$1.64
$1.24
$0.64
+32.3%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
n/a
705
485
Cash from investing
n/a
-488
2,334
Cash from financing
n/a
-338
-2,366
Depreciation and amortisation
880
642
664
+37.0%
Share-based compensation
53.7
57.5
49.2
-6.6%
Dividends paid
805
672
552
+19.7%
Dividend per share
$1.52
$1.32
$1.12
+15.2%
Diluted shares, weighted
534m
506m
492m
+5.4%
Shares outstanding at period end
525m
509m
499m
+2.9%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
14,668
13,976
13,711
+5.0%
Non-controlling interest
3,753
1,208
465
+210.6%
Debt
11,627
9,337
9,011
+24.5%
Other liabilities
1,347
1,298
1,385
+3.8%
Total liabilities and equity
31,395
25,818
24,572
+21.6%
Intangible assets
614
242
222
+154.0%
Cash and equivalents
264
351
491
-24.7%
Other assets
30,517
25,226
23,859
+21.0%
Total assets
31,395
25,818
24,572
+21.6%
10-K for the year ended 31 December 2015, filed 19 February 2016: the filing.