Prologis (PLD) FY2016 results: revenue $2.5 billion, up 15.3% on the year
Prologis, Inc. (PLD) reported revenue of $2.5 billion for fiscal 2016, the year ended 31 December 2016, up 15.3% on the year before. Net income was $1.2 billion, up 39.2%, and diluted earnings per share $2.27. The figures are the company's own, from the 10-K it filed with the SEC on 13 February 2019.
Revenue
$2.5 billion
+15.3% on the year
FY2009FY2016
Operating margin
26.4%
17.3% a year earlier
FY2009FY2016
Net income
$1.2 billion
+39.2% on the year
FY2009FY2016
Diluted EPS
$2.27
+38.4% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
2,533
2,197
1,761
+15.3%
Operating income
668
380
320
+75.8%
Operating margin
26.4%
17.3%
18.2%
Interest expense
303
301
309
+0.6%
Pre-tax income
1,347
949
714
+42.0%
Income tax
54.6
23.1
-25.7
+136.3%
Effective tax rate
4.1%
2.4%
-3.6%
Net income
1,210
869
636
+39.2%
Net margin
47.8%
39.6%
36.1%
Diluted EPS
$2.27
$1.64
$1.24
+38.4%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
1,417
n/a
705
Cash from investing
1,252
n/a
-488
Cash from financing
-2,125
n/a
-338
Depreciation and amortisation
931
880
642
+5.7%
Share-based compensation
60.3
53.7
57.5
+12.4%
Dividends paid
893
805
672
+11.0%
Dividend per share
$1.68
$1.52
$1.32
+10.5%
Diluted shares, weighted
547m
534m
506m
+2.4%
Shares outstanding at period end
529m
525m
509m
+0.8%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
14,991
14,668
13,976
+2.2%
Non-controlling interest
3,467
3,753
1,208
-7.6%
Debt
10,608
11,627
9,337
-8.8%
Other liabilities
1,183
1,347
1,298
-12.1%
Total liabilities and equity
30,250
31,395
25,818
-3.6%
Intangible assets
520
614
242
-15.2%
Cash and equivalents
807
264
351
+205.7%
Other assets
28,922
30,517
25,226
-5.2%
Total assets
30,250
31,395
25,818
-3.6%
10-K for the year ended 31 December 2016, filed 13 February 2019: the filing.