| Computation of Basic and Diluted Earnings Per Share Unit |
The following table sets
forth the computation of our basic and diluted earnings per
share/unit for the years ended December 31 (in thousands,
except per share/unit amounts):
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Prologis,
Inc. |
|
2014 |
|
|
2013 |
|
|
2012 |
|
|
Net earnings (loss)
attributable to common stockholders
|
|
$ |
622,235 |
|
|
$ |
315,422 |
|
|
$ |
(80,946) |
|
|
Noncontrolling interest
attributable to exchangeable limited partnership units
|
|
|
3,636 |
|
|
|
1,305 |
|
|
|
(162) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjusted net earnings
(loss) attributable to common stockholders
|
|
$ |
625,871 |
|
|
$ |
316,727 |
|
|
$ |
(81,108) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average common
shares outstanding - Basic (1)
|
|
|
499,583 |
|
|
|
486,076 |
|
|
|
459,895 |
|
|
Incremental weighted
average effect on exchange of limited partnership units
(2)
|
|
|
3,501 |
|
|
|
2,060 |
|
|
|
1,953 |
|
|
Incremental weighted
average effect of equity awards and warrants
|
|
|
3,307 |
|
|
|
3,410 |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
Weighted average common
shares outstanding - Diluted (3)
|
|
|
506,391 |
|
|
|
491,546 |
|
|
|
461,848 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Net earnings (loss) per
share attributable to common stockholders -
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic
|
|
$ |
1.25 |
|
|
$ |
0.65 |
|
|
$ |
(0.18) |
|
|
Diluted
|
|
$ |
1.24 |
|
|
$ |
0.64 |
|
|
$ |
(0.18) |
|
|
|
|
|
|
Prologis,
L.P. |
|
2014 |
|
|
2013 |
|
|
2012 |
|
|
Net earnings (loss)
attributable to common unitholders
|
|
$ |
624,436 |
|
|
$ |
316,630 |
|
|
$ |
(81,108) |
|
|
Noncontrolling interest
attributable to exchangeable limited partnership units
|
|
|
1,435 |
|
|
|
97 |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjusted net earnings
(loss) attributable to common unitholders
|
|
$ |
625,871 |
|
|
$ |
316,727 |
|
|
$ |
(81,108) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average common
partnership units outstanding - Basic (1)
|
|
|
501,349 |
|
|
|
487,936 |
|
|
|
461,848 |
|
|
Incremental weighted
average effect on exchange of limited partnership units
|
|
|
1,735 |
|
|
|
200 |
|
|
|
- |
|
|
Incremental weighted
average effect of equity awards and warrants of Prologis,
Inc.
|
|
|
3,307 |
|
|
|
3,410 |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average common
partnership units outstanding - Diluted (3)
|
|
|
506,391 |
|
|
|
491,546 |
|
|
|
461,848 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net earnings (loss) per
unit attributable to common unitholders -
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic
|
|
$ |
1.25 |
|
|
$ |
0.65 |
|
|
$ |
(0.18) |
|
|
Diluted
|
|
$ |
1.24 |
|
|
$ |
0.64 |
|
|
$ |
(0.18) |
|
| (1) |
The increase in
shares/units between the periods is primarily due to equity
offering in April 2013. |
| (2) |
Income (loss) allocated to
the exchangeable Operating Partnership units not held by the Parent
has been included in the numerator and exchangeable Operating
Partnership units have been included in the denominator for the
purpose of computing diluted earnings per share for all periods
since the per share/unit amount is the same. The incremental
weighted average exchangeable Operating Partnership units (in
thousands) were 1,767, 1,860 and 1,953 for the years ended
December 31, 2014, 2013 and 2012, respectively. |
| (3) |
Total weighted average
potentially dilutive stock awards and warrant outstanding (in
thousands) were 14,366, 13,998, and 9,805 for the years ended
December 31, 2014, 2013 and 2012, respectively. Total weighted
average potentially dilutive shares/units from exchangeable debt
outstanding (in thousands) were 11,879 for all periods presented.
Total weighted average potentially dilutive limited partnership
units outstanding (in thousands) were 1,932, 1,558, and 1,284 for
the years ended December 31, 2014, 2013 and 2012,
respectively. |
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