XML 24 R8.htm IDEA: XBRL DOCUMENT v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net income $ 106,395 $ 287,837
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on disposition of properties, net (1,111) (277,787)
Equity in loss of unconsolidated entities 7,640 16,008
Distributions from unconsolidated entities 60,020 45,797
Depreciation and amortization 443,009 431,102
Amortization of share-based compensation 20,878 16,736
Loss on debt extinguishment and modifications   1,070
Straight-lined rents and amortization of above and below market leases (16,552) 4,699
Amortization of deferred financing costs and debt discount / premium 7,581 6,931
Other operating activities, net 9,266 473
Changes in assets and liabilities:    
Increase in accounts receivable and other assets (104,248) (33,034)
(Decrease) in accounts payable and other liabilities (133,793) (147,557)
Net cash provided by operating activities 399,085 352,275
Cash flows from investing activities:    
Improvements to investments in real estate (787,303) (659,315)
Cash paid for business combination / asset acquisitions, net of cash acquired (36,382) (80,581)
Investments in and advances to unconsolidated entities (168,384) (121,357)
Return of investment from unconsolidated entities 74,900 85,586
Proceeds from sale of assets 62,082 814,101
Other investing activities, net (48,093) (31,815)
Net cash (used in) provided by investing activities (903,180) 6,619
Cash flows from financing activities:    
Proceeds from credit facilities 466,116 447,018
Payments on credit facilities (1,007,655) (311,174)
Borrowings on secured / unsecured debt 871,286 5,568
Repayments on secured / unsecured debt (495,800) (240,000)
Capital (distribution to) contributions from noncontrolling interests, net (135) (21,426)
Proceeds from issuance of common stock, net 984 98,047
Payments of dividends and distributions (848,613) (788,525)
Other financing activities, net (4,180) 778
Net cash (used in) financing activities (1,017,997) (809,714)
Net (decrease) in cash, cash equivalents and restricted cash (1,522,092) (450,820)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (26,438) 13,438
Cash, cash equivalents and restricted cash at beginning of period 3,876,700 1,636,470
Cash, cash equivalents and restricted cash at end of period 2,328,170 1,199,088
Digital Realty Trust, L.P.    
Cash flows from operating activities:    
Net income 106,395 287,837
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on disposition of properties, net (1,111) (277,787)
Equity in loss of unconsolidated entities 7,640 16,008
Distributions from unconsolidated entities 60,020 45,797
Depreciation and amortization 443,009 431,102
Amortization of share-based compensation 20,878 16,736
Loss on debt extinguishment and modifications   1,070
Straight-lined rents and amortization of above and below market leases (16,552) 4,699
Amortization of deferred financing costs and debt discount / premium 7,581 6,931
Other operating activities, net 9,266 473
Changes in assets and liabilities:    
Increase in accounts receivable and other assets (104,248) (33,034)
(Decrease) in accounts payable and other liabilities (133,793) (147,557)
Net cash provided by operating activities 399,085 352,275
Cash flows from investing activities:    
Improvements to investments in real estate (787,303) (659,315)
Cash paid for business combination / asset acquisitions, net of cash acquired (36,382) (80,581)
Investments in and advances to unconsolidated entities (168,384) (121,357)
Return of investment from unconsolidated entities 74,900 85,586
Proceeds from sale of assets 62,082 814,101
Other investing activities, net (48,093) (31,815)
Net cash (used in) provided by investing activities (903,180) 6,619
Cash flows from financing activities:    
Proceeds from credit facilities 466,116 447,018
Payments on credit facilities (1,007,655) (311,174)
Borrowings on secured / unsecured debt 871,286 5,568
Repayments on secured / unsecured debt (495,800) (240,000)
Capital (distribution to) contributions from noncontrolling interests, net (135) (21,426)
General partner contributions 984 98,047
Payments of dividends and distributions (848,613) (788,525)
Other financing activities, net (4,180) 778
Net cash (used in) financing activities (1,017,997) (809,714)
Net (decrease) in cash, cash equivalents and restricted cash (1,522,092) (450,820)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (26,438) 13,438
Cash, cash equivalents and restricted cash at beginning of period 3,876,700 1,636,470
Cash, cash equivalents and restricted cash at end of period $ 2,328,170 $ 1,199,088