Public Storage 1996 Annual Report Download - page 10

Consolidated Balance Sheets
P UBLIC S TORAGE , I NC . 1996 A NNUAL R EPORT
8
(In thousands, except per share data)
For the year ended December 31, 1996 1995
A SSETS
Cash and cash equivalents $ 26,856 $ 80,436
Real estate facilities, at cost:
Land 596,141 382,144
Buildings 1,625,172 1,030,990
2,221,313 1,413,134
Accumulated depreciation (297,655) (241,966)
1,923,658 1,171,168
Investment in real estate entities 350,190 416,216
Intangible assets, net 222,253 231,562
Mortgage notes receivable from affiliates 25,016 23,699
Other assets 24,179 14,380
Total assets $2,572,152 $1,937,461
L
IABILITIES AND S HAREHOLDERS ’ E QUITY
Notes payable $ 108,443 $ 158,052
Accrued and other liabilities 41,467 32,533
Total liabilities 149,910 190,585
Minority interest 116,805 112,373
Commitments and contingencies
S
HAREHOLDERS ’ E QUITY :
Preferred Stock, $.01 par value, 50,000,000 shares authorized,
13,421,580 shares issued and outstanding (13,444,100 issued
and outstanding at December 31, 1995), at liquidation preference:
Cumulative Preferred Stock, issued in series 718,900 450,150
Convertible Preferred Stock 114,929 85,970
Common stock, $.10 par value, 200,000,000 shares authorized,
88,362,026 shares issued and outstanding (71,513,799 at December 31, 1995) 8,837 7,152
Class B Common Stock, $.10 par value, 7,000,000 shares authorized and issued 700 700
Paid-in capital 1,454,387 1,100,088
Cumulative net income 396,420 242,871
Cumulative distributions paid (388,736) (252,428)
Total shareholders’ equity 2,305,437 1,634,503
Total liabilities and shareholders’ equity $2,572,152 $1,937,461
See accompanying notes.