Prologis (PLD) FY2022 results: revenue $6.0 billion, up 25.5% on the year
Prologis, Inc. (PLD) reported revenue of $6.0 billion for fiscal 2022, the year ended 31 December 2022, up 25.5% on the year before. Net income was $3.4 billion, up 14.5%, and diluted earnings per share $4.25. The figures are the company's own, from the 10-K it filed with the SEC on 14 February 2023.
Revenue
$6.0 billion
+25.5% on the year
FY2015FY2022
Operating margin
58.0%
67.4% a year earlier
FY2015FY2022
Net income
$3.4 billion
+14.5% on the year
FY2015FY2022
Diluted EPS
$4.25
+7.9% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
4,126
2,996
2,937
+37.7%
Capital expenditure
3,118
2,640
1,920
+18.1%
Free cash flow
1,008
356
1,017
+183.0%
Free cash flow margin
16.9%
7.5%
22.9%
Cash from investing
-4,499
-1,990
-3,074
Cash from financing
116
-1,008
-372
Depreciation and amortisation
1,813
1,578
1,562
+14.9%
Share-based compensation
175
113
110
+55.1%
Dividends paid
2,495
1,873
1,723
+33.2%
Dividend per share
$3.16
$2.52
$2.32
+25.4%
Diluted shares, weighted
812m
765m
754m
+6.1%
Shares outstanding at period end
923m
740m
739m
+24.8%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
53,237
33,427
31,972
+59.3%
Non-controlling interest
4,626
4,315
4,353
+7.2%
Debt
23,876
17,715
16,849
+34.8%
Other liabilities
6,158
3,029
2,891
+103.3%
Total liabilities and equity
87,897
58,486
56,065
+50.3%
Fixed assets
120
118
118
+1.6%
Intangible assets
1,733
989
1,053
+75.2%
Cash and equivalents
278
556
598
-49.9%
Other assets
85,766
56,823
54,296
+50.9%
Total assets
87,897
58,486
56,065
+50.3%
10-K for the year ended 31 December 2022, filed 14 February 2023: the filing.