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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 2.01B | 2.6% |
Gross Profit | 819M | 8.7% |
Cost of Revenue | 1.19B | 1.2% |
Operating expense | 755M | 0.7% |
Net Income | 861M | 47.1% |
EBITDA | 1.75B | 20.7% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 93.5B | 0.2% |
Total Liabilities | 35.6B | 0.3% |
Total Equity | 53.3B | 0.3% |
Shares Outstanding | 926M | 0% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 1.09B | 2.9% |
Cash from investing | -624M | 42.5% |
Cash from financing | -356M | 14999.5% |
EPS
Financial Highlights for Prologis in Q2 '24
Prologis reported a revenue of 2.01B, which is a 2.6% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 819M, marking a 8.7% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 1.19B, a -1.2% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 755M, showing a -0.7% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 861M, showing a 47.1% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 1.75B, showing a 20.7% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Prologis with growth in revenue, gross profit, and net income.