Prologis (PLD) FY2017 results: revenue $2.6 billion, up 3.4% on the year
Prologis, Inc. (PLD) reported revenue of $2.6 billion for fiscal 2017, the year ended 31 December 2017, up 3.4% on the year before. Net income was $1.7 billion, up 36.6%, and diluted earnings per share $3.06. The figures are the company's own, from the 10-K it filed with the SEC on 13 February 2019.
Revenue
$2.6 billion
+3.4% on the year
FY2010FY2017
Operating margin
74.6%
26.4% a year earlier
FY2010FY2017
Net income
$1.7 billion
+36.6% on the year
FY2010FY2017
Diluted EPS
$3.06
+34.8% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
2,618
2,533
2,197
+3.4%
Operating income
1,954
668
380
+192.4%
Operating margin
74.6%
26.4%
17.3%
Interest expense
274
303
301
-9.5%
Pre-tax income
1,816
1,347
949
+34.8%
Income tax
54.6
54.6
23.1
+0.1%
Effective tax rate
3.0%
4.1%
2.4%
Net income
1,652
1,210
869
+36.6%
Net margin
63.1%
47.8%
39.6%
Diluted EPS
$3.06
$2.27
$1.64
+34.8%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
1,687
1,417
n/a
+19.1%
Capital expenditure
1,606
n/a
n/a
Free cash flow
81.1
n/a
n/a
Free cash flow margin
3.1%
n/a
n/a
Cash from investing
543
1,252
n/a
-56.6%
Cash from financing
-2,607
-2,125
n/a
Depreciation and amortisation
879
931
880
-5.6%
Share-based compensation
76.6
60.3
53.7
+27.0%
Dividends paid
943
893
805
+5.5%
Dividend per share
$1.76
$1.68
$1.52
+4.8%
Diluted shares, weighted
552m
547m
534m
+1.0%
Shares outstanding at period end
532m
529m
525m
+0.7%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
15,631
14,991
14,668
+4.3%
Non-controlling interest
3,075
3,467
3,753
-11.3%
Debt
9,413
10,608
11,627
-11.3%
Other liabilities
1,363
1,183
1,347
+15.1%
Total liabilities and equity
29,481
30,250
31,395
-2.5%
Intangible assets
468
520
614
-10.0%
Cash and equivalents
447
807
264
-44.6%
Other assets
28,566
28,922
30,517
-1.2%
Total assets
29,481
30,250
31,395
-2.5%
10-K for the year ended 31 December 2017, filed 13 February 2019: the filing.