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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net income $ 184,483 $ 140,773
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on disposition of properties, net (89,946) (2,770)
Equity in earnings of unconsolidated entities (19,956) (26,870)
Distributions from unconsolidated entities 39,838 22,972
Depreciation and amortization 853,771 759,099
Amortization of share-based compensation 35,555 40,965
Loss from early extinguishment of debt   51,135
Straight-lined rents and amortization of above and below market leases (5,465) (16,885)
Amortization of deferred financing costs and debt discount / premium 12,750 9,359
Other items, net (3,458) 17,024
Changes in assets and liabilities:    
Increase in accounts receivable and other assets (261,048) (248,310)
Decrease in accounts payable and other liabilities 67,590 37,086
Net cash provided by operating activities 814,114 783,578
Cash flows from investing activities:    
Improvements to investments in real estate (1,368,660) (1,067,027)
Cash paid for business combination / asset acquisitions, net of cash acquired (58,186) (97,205)
Proceeds from unconsolidated entities, net 3,812  
Proceeds from (investment in) unconsolidated entities, net   (199,945)
Proceeds from sale of real estate 150,771  
Other investing activities, net (6,743) (63,655)
Net cash used in investing activities (1,279,006) (1,427,832)
Cash flows from financing activities:    
Net proceeds from credit facilities 67,046 1,077,719
Borrowings on secured / unsecured debt 806,185 1,125,451
Repayments on secured / unsecured debt (3,081) (450,737)
Premium paid for early extinguishment of debt   (49,662)
Capital contributions from noncontrolling interests, net 4,634 17,977
Proceeds from issuance of common stock, net 742,225  
Payments of dividends and distributions (1,121,991) (1,071,386)
Other financing activities, net (10,686) (16,271)
Net cash provided by financing activities 484,332 633,091
Net (decrease) increase in cash, cash equivalents and restricted cash 19,440 (11,163)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (35,489) (31,101)
Cash, cash equivalents and restricted cash at beginning of period 150,696 151,485
Cash, cash equivalents and restricted cash at end of period 134,647 109,221
Digital Realty Trust, L.P.    
Cash flows from operating activities:    
Net income 184,483 140,773
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on disposition of properties, net (89,946) (2,770)
Equity in earnings of unconsolidated entities (19,956) (26,870)
Distributions from unconsolidated entities 39,838 22,972
Depreciation and amortization 853,771 759,099
Amortization of share-based compensation 35,555 40,965
Loss from early extinguishment of debt   51,135
Straight-lined rents and amortization of above and below market leases (5,465) (16,885)
Amortization of deferred financing costs and debt discount / premium 12,750 9,359
Other items, net (3,458) 17,024
Changes in assets and liabilities:    
Increase in accounts receivable and other assets (261,048) (248,310)
Decrease in accounts payable and other liabilities 67,590 37,086
Net cash provided by operating activities 814,114 783,578
Cash flows from investing activities:    
Improvements to investments in real estate (1,368,660) (1,067,027)
Cash paid for business combination / asset acquisitions, net of cash acquired (58,186) (97,205)
Proceeds from unconsolidated entities, net 3,812  
Proceeds from (investment in) unconsolidated entities, net   (199,945)
Proceeds from sale of real estate 150,771  
Other investing activities, net (6,743) (63,655)
Net cash used in investing activities (1,279,006) (1,427,832)
Cash flows from financing activities:    
Net proceeds from credit facilities 67,046 1,077,719
Borrowings on secured / unsecured debt 806,185 1,125,451
Repayments on secured / unsecured debt (3,081) (450,737)
Premium paid for early extinguishment of debt   (49,662)
Capital contributions from noncontrolling interests, net 4,634 17,977
General partner contributions 742,225  
Payments of dividends and distributions (1,121,991) (1,071,386)
Other financing activities, net (10,686) (16,271)
Net cash provided by financing activities 484,332 633,091
Net (decrease) increase in cash, cash equivalents and restricted cash 19,440 (11,163)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (35,489) (31,101)
Cash, cash equivalents and restricted cash at beginning of period 150,696 151,485
Cash, cash equivalents and restricted cash at end of period $ 134,647 $ 109,221