Prologis (PLD) FY2024 results: revenue $8.2 billion, up 2.2% on the year
Prologis, Inc. (PLD) reported revenue of $8.2 billion for fiscal 2024, the year ended 31 December 2024, up 2.2% on the year before. Net income was $3.7 billion, up 22.0%, and diluted earnings per share $4.01. The figures are the company's own, from the 10-K it filed with the SEC on 14 February 2025.
Revenue
$8.2 billion
+2.2% on the year
FY2017FY2024
Operating margin
53.8%
46.2% a year earlier
FY2017FY2024
Net income
$3.7 billion
+22.0% on the year
FY2017FY2024
Diluted EPS
$4.01
+21.9% on the year
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
4,912
5,373
4,126
-8.6%
Capital expenditure
3,206
3,399
3,118
-5.7%
Free cash flow
1,706
1,974
1,008
-13.6%
Free cash flow margin
20.8%
24.6%
16.9%
Cash from investing
-3,099
-6,419
-4,499
Cash from financing
-1,000
1,320
116
Depreciation and amortisation
2,581
2,485
1,813
+3.8%
Share-based compensation
232
268
175
-13.4%
Dividends paid
3,570
3,229
2,495
+10.6%
Dividend per share
$3.84
$3.48
$3.16
+10.3%
Diluted shares, weighted
954m
952m
812m
+0.2%
Shares outstanding at period end
926m
924m
923m
+0.2%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
53,951
53,182
53,237
+1.4%
Non-controlling interest
4,666
4,642
4,626
+0.5%
Debt
30,879
29,001
23,876
+6.5%
Other liabilities
5,833
6,197
6,158
-5.9%
Total liabilities and equity
95,329
93,021
87,897
+2.5%
Fixed assets
212
208
120
+2.1%
Intangible assets
1,563
1,680
1,733
-7.0%
Cash and equivalents
1,319
530
278
+148.6%
Other assets
92,235
90,603
85,766
+1.8%
Total assets
95,329
93,021
87,897
+2.5%
10-K for the year ended 31 December 2024, filed 14 February 2025: the filing.