Public storage (PSA)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08Dec'07
Revenues:
Revenues

2,846

2,754

2,668

2,560

2,381

2,177

1,964

1,842

1,735

1,613

1,622

1,720

1,787

Expenses:
Self-storage cost of operations

752

695

657

617

586

566

524

517

523

494

484

517

579

Ancillary cost of operations

44

43

50

51

48

46

35

38

37

33

36

36

51

Depreciation and amortization

512

483

454

433

426

437

387

357

357

353

339

408

619

General and administrative

71

118

82

83

88

71

66

56

52

38

35

62

59

Interest expense

45

32

12

4

0

6

6

19

24

30

29

43

63

Operating expenses

1,427

1,374

1,258

1,190

1,149

1,121

1,013

970

973

921

926

1,070

1,374

Asset impairment charges

-

-

-

-

-

-

-

-

2

0

-

-0

-

Net operating income

-

-

-

-

1,232

1,055

951

871

762

692

-

-

-

Other increase to net income:
Interest and other income

28

26

18

15

16

17

33

22

32

29

29

36

11

Income from continuing operations before equity in earnings of unconsolidated real estate entities, foreign currency exchange (loss) gain, and gain (loss) on real estate sales

-

-

-

-

-

-

-

-

-

-

696

650

413

Equity in earnings of unconsolidated real estate entities

69

103

75

56

50

88

57

45

58

38

53

20

12

Foreign currency exchange gain

7

18

-50

17

0

-7

17

8

-7

-42

9

-25

58

Casualty loss

-

-

7

-

-

-

-

-

-

-

-

-

2

Gain on sale of real estate

0

37

1

0

18

2

4

1

10

0

37

336

2

Gain due to Shurgard public offering

-

151

-

-

-

-

-

-

-

-

-

-

-

Gain on early retirement of debt

-

-

-

-

-

-

-

-

-

-

-

-

0

Income from continuing operations

-

-

-

-

-

-

-

930

833

688

797

981

489

Discontinued operations

-

-

-

-

-

-

-

12

3

7

-6

-7

-2

Net income

1,525

1,717

1,448

1,460

1,317

1,149

1,057

943

836

696

790

973

487

Allocation to noncontrolling interests

5

6

6

6

6

5

5

3

12

24

-27

-38

-29

Based upon repurchases of preferred partnership units

-

-

-

-

-

-

-

-

-

-

72

-

0

Net income allocable to Public Storage shareholders

1,520

1,711

1,442

1,453

1,311

1,144

1,052

939

823

672

834

935

457

Allocation of net income to:
Preferred shareholders- distributions

210

216

236

238

245

232

204

-205

-224

-232

-232

-239

236

Preferred shareholders - redemptions (Note 8)

32

-

29

26

8

-

-

-61

-35

-7

-6

33

0

Equity Shares, Series A - distributions

-

-

-

-

-

-

-

-

-

-5

-20

-21

21

Equity Shares, Series A - redemptions

-

-

-

-

-

-

-

-

-

-25

-

-

-

Restricted share units

4

5

4

4

4

3

3

-2

-1

-1

-1

-2

0

Net income allocable to common shareholders

1,272

1,488

1,171

1,183

1,053

908

844

669

561

399

585

705

198

Net income per common share:
Continuing operations

-

-

-

-

-

-

-

3.85

3.29

2.31

3.52

4.24

1.19

Discontinued operations

-

-

-

-

-

-

-

0.08

0.02

0.05

-0.04

-

-

Net income allocable to common shareholders per common share:
Discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-0.05

-0.01

Basic

7.30

8.56

6.75

6.84

6.10

5.27

4.92

3.93

3.31

2.36

3.48

4.19

1.18

Continuing operations

-

-

-

-

-

-

-

3.83

3.27

2.30

3.51

4.23

1.18

Discontinued operations

-

-

-

-

-

-

-

0.07

0.02

0.05

-0.04

-0.05

-

Diluted

7.29

8.54

6.73

6.81

6.07

5.25

4.89

3.90

3.29

2.35

3.47

4.18

-0.01

Net income per common share - diluted, total

-

-

-

-

-

-

-

-

-

-

-

-

1

Basic weighted average common shares outstanding

174

173

173

173

172

172

171

170

169

168

168

168

169

Diluted weighted average common shares outstanding

174

174

174

173

173

173

172

171

170

169

168

168

169

Cash dividends declared per common share

-

-

-

-

-

-

5.15

-

-

3.05

-

-

-

Net income per share

-

-

-

-

-

-

-

-

-

-

-

-

2

Weighted average depositary shares

-

-

-

-

-

-

-

-

-

-

-

-

8

Self-Storage Operations [Member]
Revenues

2,684

2,597

2,512

2,405

2,235

2,049

1,849

1,718

1,621

1,509

1,485

1,575

1,660

Self-storage cost of operations

752

695

657

617

-

-

-

-

-

-

-

-

-

Depreciation and amortization

512

483

454

433

-

-

-

-

-

-

-

-

-

Net operating income

1,931

1,901

1,854

-

-

-

-

-

-

-

-

-

-

Net income

1,419

1,418

1,400

1,354

-

-

-

-

-

-

-

-

-

Ancillary Operations [Member]
Revenues

162

156

156

154

146

127

115

123

114

104

107

108

115

Ancillary cost of operations

44

43

50

51

-

-

-

-

-

-

-

-

-

Net operating income

118

112

105

103

-

-

-

-

-

-

-

-

-