Public Storage 2000 Annual Report Download - page 8

C ONSOLIDATED B ALANCE S HEETS
P UBLIC S TORAGE , I NC . 2000 A NNUAL R EPORT
6
December 31, December 31,
(Amounts in thousands, except share data) 2000 1999
Assets
Cash and cash equivalents $ 89,467 $ 55,125
Real estate facilities, at cost:
Land 1,107,867 1,036,958
Buildings 3,026,550 2,785,475
4,134,417 3,822,433
Accumulated depreciation (668,018) (533,412)
3,466,399 3,289,021
Construction in process 238,587 140,764
3,704,986 3,429,785
Investment in real estate entities 448,928 457,529
Intangible assets, net 185,017 194,326
Mortgage notes receivable from affiliates 26,238 18,798
Other assets 59,305 58,822
Total assets $ 4,513,941 $ 4,214,385
Liabilities and Shareholders’ Equity
Notes payable $ 156,003 $ 167,338
Distributions payable — 82,086
Accrued and other liabilities 100,903 89,261
Total liabilities 256,906 338,685
Minority interest:
Preferred partnership interests 365,000 —
Other 167,918 186,600
Commitments and contingencies
Shareholders’ Equity:
Preferred Stock, $0.01 par value, 50,000,000 shares authorized,
11,141,100 shares issued and outstanding, at liquidation preference:
Cumulative Preferred Stock, issued in series 1,155,150 1,155,150
Common Stock, $0.10 par value, 200,000,000 shares authorized,
123,703,874 shares issued and outstanding (126,697,023
at December 31, 1999) 12,370 12,671
Equity Stock, Series A, $0.01 par value, 200,000,000 shares authorized,
5,635.602 shares issued and outstanding (none issued and outstanding
at December 31, 1999) — —
Class B Common Stock, $0.10 par value, 7,000,000 shares authorized and issued 700 700
Paid-in capital 2,506,736 2,463,193
Cumulative net income 1,387,061 1,089,973
Cumulative distributions paid (1,337,900) (1,032,587)
Total shareholders’ equity 3,724,117 3,689,100
Total liabilities and shareholders’ equity $ 4,513,941 $ 4,214,385
See accompanying notes.