Prologis (PLD) FY2021 results: revenue $4.8 billion, up 7.2% on the year
Prologis, Inc. (PLD) reported revenue of $4.8 billion for fiscal 2021, the year ended 31 December 2021, up 7.2% on the year before. Net income was $2.9 billion, up 98.4%, and diluted earnings per share $3.94. The figures are the company's own, from the 10-K it filed with the SEC on 9 February 2022.
Revenue
$4.8 billion
+7.2% on the year
FY2014FY2021
Operating margin
67.4%
47.7% a year earlier
FY2014FY2021
Net income
$2.9 billion
+98.4% on the year
FY2014FY2021
Diluted EPS
$3.94
+96.0% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
2,996
2,937
2,264
+2.0%
Capital expenditure
2,640
1,920
1,795
+37.5%
Free cash flow
356
1,017
469
-65.0%
Free cash flow margin
7.5%
22.9%
14.1%
Cash from investing
-1,990
-3,074
-685
Cash from financing
-1,008
-372
-840
Depreciation and amortisation
1,578
1,562
1,140
+1.0%
Share-based compensation
113
110
97.6
+2.9%
Dividends paid
1,873
1,723
1,346
+8.7%
Dividend per share
$2.52
$2.32
$2.12
+8.6%
Diluted shares, weighted
765m
754m
655m
+1.4%
Shares outstanding at period end
740m
739m
632m
+0.1%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
33,427
31,972
22,653
+4.6%
Non-controlling interest
4,315
4,353
3,419
-0.9%
Debt
17,715
16,849
11,906
+5.1%
Other liabilities
3,029
2,891
2,054
+4.8%
Total liabilities and equity
58,486
56,065
40,032
+4.3%
Fixed assets
118
118
107
+0.3%
Intangible assets
989
1,053
671
-6.1%
Cash and equivalents
556
598
1,089
-7.0%
Other assets
56,823
54,296
38,164
+4.7%
Total assets
58,486
56,065
40,032
+4.3%
10-K for the year ended 31 December 2021, filed 9 February 2022: the filing.