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Public Storage

NYSE-PSA

Income Statement
Dec '14
Dec '15
Dec '16
Dec '17
Dec '18
Dec '19
Dec '20
Dec '21
Dec '22
Dec '23
LTM

Operating Revenues

2,684.6

2,721.6

3,203.6

3,946

4,259.6

4,357.1

Other Revenues, Total

240.1

273.9

444.4

294

286

301.9

Total Revenues

2,924.7

2,995.6

3,647.9

4,240

4,545.6

4,659

Total Revenues % Chg.

3.5%

2.4%

21.8%

16.2%

7.2%

5.4%

Cost of Goods Sold, Total

813.2

867.5

933.5

1,074.7

1,162.7

1,218

Gross Profit

2,111.5

2,128.1

2,714.4

3,165.4

3,382.9

3,441

Selling General & Admin Expenses, Total

62.1

80

76

71.7

80.6

91.8

Depreciation & Amortization

512.9

553.3

713.4

888.1

970.1

1,094.8

Other Operating Expenses

—

—

—

—

—

—

—

Other Operating Expenses, Total

575.1

633.2

789.4

959.8

1,050.7

1,186.6

Operating Income

1,536.4

1,494.9

1,925

2,205.6

2,332.2

2,254.3

Interest Expense, Total

-45.6

-56.3

-90.8

-136.3

-201.1

-268

Interest And Investment Income

26.7

22.3

12.3

20.8

64.8

61.3

Net Interest Expenses

-19

-34

-78.5

-115.5

-136.3

-206.6

Currency Exchange Gains (Loss)

7.8

-98

111.8

98.3

-51.2

26.8

Other Non Operating Income (Expenses)

—

—

—

15.1

18

17

EBT, Excl. Unusual Items

1,525.3

1,363

1,958.3

2,203.5

2,162.6

2,091.4

Gain (Loss) On Sale Of Investments

—

—

—

—

2,182.6

2.8

2.4

Gain (Loss) On Sale Of Assets

0.3

1.5

13.7

1.5

17.2

18.1

Asset Writedown

—

—

—

—

—

—

-3.2

—

-7

-11.7

-11.7

Legal Settlements

—

—

—

—

—

—

—

—

—

—

Other Unusual Items

—

—

—

—

—

—

—

—

—

—

EBT, Incl. Unusual Items

1,525.7

1,361.2

1,972

4,380.6

2,170.9

2,100.2

Income Tax Expense

—

—

—

—

—

—

—

12.4

14.3

10.8

8.8

Earnings From Continuing Operations

1,525.7

1,361.2

1,959.6

4,366.3

2,160.1

2,091.4

Minority Interest

-5.1

-4

-6.4

-17.1

-11.8

-11.8

Net Income

1,520.5

1,357.2

1,953.3

4,349.1

2,148.3

2,079.7

Preferred Dividend and Other Adjustments

247.8

258.9

220.8

206.9

199.6

199.2

Net Income to Common Incl Extra Items

1,272.8

1,098.3

1,732.4

4,142.3

1,948.7

1,880.5

Net Income to Common Excl. Extra Items

1,272.8

1,098.3

1,732.4

4,142.3

1,948.7

1,880.5

Total Shares Outstanding

174.4

174.6

175.1

175.3

175.7

175

Weighted Avg. Shares Outstanding

174.3

174.5

174.9

175.3

175.5

175.6

Weighted Avg. Shares Outstanding Dil

174.5

174.6

175.6

176.3

176.1

176.1

EPS

7.3

6.3

9.9

23.6

11.1

10.7

EPS Diluted

7.3

6.3

9.9

23.5

11.1

10.7

EBITDA

2,049.4

2,048.1

2,638.4

3,093.7

3,302.3

3,349.2

Effective Tax Rate

—

—

—

—

—

—

—

0.6%

0.3%

0.5%

0.4%