Public Storage 2003 Annual Report Download - page 121
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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
December 31, 2003
F-42
17. Supplementary quarterly financial data (unaudited)
Three months ended
March 31, June 30, September 30, December 31,
2003 2003 2003 2003
(in thousands, except per share data)
Revenues (a) ..................................... $ 206,866 $ 217,114 $ 227,955 $ 223,136
Cost of operations (a)........................ $ 74,041 $ 79,912 $ 80,890 $ 83,655
Net income........................................ $ 76,639 $ 84,297 $ 89,747 $ 85,970
Per Common Share (Note 2):
Net income - Basic....................... $ 0.25 $ 0.34 $ 0.39 $ 0.31
Net income - Diluted.................... $ 0.26 $ 0.33 $ 0.39 $ 0.30
Three months ended
March 31, June 30, September 30, December 31,
2002 2002 2002 2002
(in thousands, except per share data)
Revenues (a) ..................................... $ 203,992 $ 206,391 $ 214,484 $ 206,691
Cost of operations (a)........................ $ 65,302 $ 69,156 $ 72,610 $ 80,076
Net income........................................ $ 87,455 $ 80,718 $ 83,351 $ 67,214
Per Common Share (Note 2):
Net income Basic ....................... $ 0.38 $ 0.30 $ 0.27 $ 0.20
Net income Diluted .................... $ 0.37 $ 0.30 $ 0.27 $ 0.20
(a) Revenues and cost of operations as presented in this table differ from the revenue and cost of operations as presented
in the Companys quarterly reports due primarily to the impact of discontinued operations accounting with respect to
certain containerized storage facilities that were closed in 2003, as described in Note 4 and from the impact of the
application EITF Topic D-42 in September 2003.