Public Storage 2003 Annual Report Download - page 121

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PUBLIC STORAGE, INC.
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 Companys 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.