| Selected Quarterly Financial Data |
The selected quarterly data
was as follows (in thousands, except per share data):
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Three Months
Ended, |
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Prologis,
Inc. |
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March 31, |
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June 30, |
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September 30, |
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December 31, |
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2014:
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Total revenues
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$ |
434,682 |
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$ |
460,089 |
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$ |
415,151 |
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$ |
450,865 |
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Operating income
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$ |
71,466 |
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$ |
95,274 |
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$ |
78,112 |
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$ |
74,956 |
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Earnings from continuing
operations
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$ |
12,003 |
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$ |
152,430 |
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$ |
147,127 |
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$ |
427,724 |
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Net earnings attributable
to common stockholders
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$ |
4,666 |
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$ |
72,715 |
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$ |
136,245 |
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$ |
408,609 |
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Net earnings per share
attributable to common stockholders - Basic (1)
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$ |
0.01 |
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$ |
0.15 |
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$ |
0.27 |
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$ |
0.82 |
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Net earnings per share
attributable to common stockholders - Diluted (1)(2)
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$ |
0.01 |
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$ |
0.13 |
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$ |
0.23 |
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$ |
0.81 |
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2013:
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Total revenues
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$ |
479,971 |
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$ |
410,693 |
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$ |
423,058 |
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$ |
436,764 |
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Operating income
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$ |
97,039 |
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$ |
58,514 |
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$ |
77,380 |
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$ |
71,479 |
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Earnings (loss) from
continuing operations
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$ |
289,306 |
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$ |
(20,591) |
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$ |
(48,671) |
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$ |
9,485 |
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Net earnings (loss)
attributable to common stockholders
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$ |
265,416 |
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$ |
(1,517) |
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$ |
(7,534) |
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$ |
59,057 |
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Net earnings (loss) per
share attributable to common stockholders - Basic (1)
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$ |
0.58 |
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$ |
0.00 |
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$ |
(0.02) |
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$ |
0.12 |
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Net earnings (loss) per
share attributable to common stockholders - Diluted
(1)(2)
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$ |
0.57 |
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$ |
0.00 |
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$ |
(0.02) |
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$ |
0.12 |
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Prologis,
L.P.
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2014:
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Total revenues
|
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$ |
434,682 |
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$ |
460,089 |
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$ |
415,151 |
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|
$ |
450,865 |
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Operating income
|
|
$ |
71,466 |
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|
$ |
95,274 |
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|
$ |
78,112 |
|
|
$ |
74,956 |
|
|
Earnings from continuing
operations
|
|
$ |
12,003 |
|
|
$ |
152,430 |
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$ |
147,127 |
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$ |
427,724 |
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Net earnings attributable
to common unitholders
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$ |
4,683 |
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$ |
72,973 |
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$ |
136,738 |
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$ |
410,042 |
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Net earnings per unit
attributable to common unitholders - Basic (1)
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$ |
0.01 |
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$ |
0.15 |
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$ |
0.27 |
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$ |
0.82 |
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Net earnings per unit
attributable to common unitholders - Diluted
(1) (2)
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$ |
0.01 |
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$ |
0.13 |
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$ |
0.23 |
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$ |
0.81 |
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2013:
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Total revenues
|
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$ |
479,971 |
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$ |
410,693 |
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$ |
423,058 |
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$ |
436,764 |
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Operating income
|
|
$ |
97,039 |
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|
$ |
58,514 |
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|
$ |
77,380 |
|
|
$ |
71,479 |
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Earnings (loss) from
continuing operations
|
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$ |
289,306 |
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|
$ |
(20,591) |
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$ |
(48,671) |
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$ |
9,485 |
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Net earnings (loss)
attributable to common unitholders
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$ |
266,548 |
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$ |
(1,592) |
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$ |
(7,582) |
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$ |
59,256 |
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Net earnings (loss) per
unit attributable to common unitholders - Basic (1)
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$ |
0.58 |
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$ |
0.00 |
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$ |
(0.02) |
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$ |
0.12 |
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Net earnings (loss) per
unit attributable to common unitholders -
Diluted (1)(2)
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$ |
0.57 |
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$ |
0.00 |
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$ |
(0.02) |
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$ |
0.12 |
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| (1) |
Quarterly earnings (loss)
per common share/unit amounts may not total to the annual amounts
due to rounding and the changes in the number of weighted common
shares/units outstanding included in the calculation of diluted
shares/units. |
| (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 is the same. |
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