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Prologis cash flow statement

In fiscal 2025, Prologis's operations generated $5.01bn of cash; it spent $0 on capital projects, leaving free cash flow of $5.01bn. It returned $3.76bn in dividends.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Cash from operations1,4171,6871,8042,2642,9372,9964,1265,3734,9125,0085,551
Depreciation and amortisation9318799471,1401,5621,5781,8132,4852,5812,6262,800
Stock-based pay60777698110113175268232185210
Capital spending1021119300000000
Free cash flow1,3151,5771,7102,2642,9372,9964,1265,3734,9125,0085,551
Free cash flow after stock pay1,2551,5001,6342,1662,8272,8833,9515,1054,6804,8235,342
Dividends paid8939431,1231,3461,7231,8732,4953,2293,5703,7653,964
Share buybacks——003500————
Shares issued3933762100———

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Prologis's SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Prologis.