Public Storage 1997 Annual Report Download - page 12

Download and view the complete annual report

Please find page 12 of the 1997 Public Storage annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 48

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48

10
Public Storage, Inc. 1997 Annual Report
Consolidated Statements of Shareholders’ Equity
Preferred Stock Common
(In thousands, except share and per share amounts) Cumulative Convertible Stock
Balances at December 31, 1994 $165,275 $ 57,500 $ 2,883
Issuance of Preferred Stock, net of issuance costs:
Series E, F, and G (4,501,900 shares) 284,875
— —
Convertible Participating (31,200 shares) 28,470
Issuance of Common Stock (42,687,092 shares)
— —
4,269
Issuance of Class B Common Stock (7,000,000 shares)
———
Net income
———
Cash distributions:
Preferred Stock
———
Common Stock, $0.88 per share
———
Balances at December 31, 1995 450,150 85,970 7,152
Issuance of Preferred Stock, net of issuance costs:
Series H and I (10,750 shares) 268,750
— —
Convertible, Series CC (58,955 shares)
—
58,955
—
Issuance of Common Stock (15,134,241 shares)
— —
1,514
Conversion of Convertible Participating Preferred Stock into
Common Stock (1,611,265 shares)
—
(28,470) 161
Conversion of 8.25% Convertible Preferred Stock into
Common Stock (102,721 shares)
—
(1,526) 10
Net income
———
Cash distributions:
Preferred Stock
———
Common Stock, $0.88 per share
———
Balances at December 31, 1996 718,900 114,929 8,837
Issuance of Preferred Stock, net of issuance costs:
Series J (6,000 shares) 150,000
— —
Issuance of Common Stock (14,376,218 shares)
— —
1,438
Conversion of Series CC Convertible Preferred Stock into
Common Stock (2,184,250 shares)
—
(58,955) 218
Conversion of 8.25% Convertible Preferred Stock into
Common Stock (179,651 shares)
—
(2,666) 18
Net income
———
Cash distributions:
Preferred Stock
———
Common Stock, $0.88 per share
———
Balances at December 31, 1997 $868,900 $ 53,308 $10,511
See accompanying notes.
For each of the three years in the period ended December 31, 1997