Public Storage 2001 Annual Report Download - page 8

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C
ONSOLIDATED
B
ALANCE
S
HEETS
6
P
UBLIC
S
TORAGE
,I
NC
. 2001 A
NNUAL
R
EPORT
December 31, December 31,
(Amounts in thousands, except share data) 2001 2000
Assets
Cash and cash equivalents $ 49,347 $ 89,467
Real estate facilities, at cost:
Land 1,165,111 1,107,867
Buildings 3,265,943 3,026,550
4,431,054 4,134,417
Accumulated depreciation (819,932) (668,018)
3,611,122 3,466,399
Construction in process 121,181 217,140
Land held for development 30,001 21,447
3,762,304 3,704,986
Investment in real estate entities 479,300 448,928
Intangible assets, net 202,701 185,017
Notes receivable, including amounts due from related parties 59,344 26,238
Other assets 72,883 59,305
Total assets $ 4,625,879 $ 4,513,941
Liabilities and Shareholders’ Equity
Line of credit borrowings $ 25,000 $ —
Notes payable 143,552 156,003
Accrued and other liabilities 93,143 100,903
Total liabilities 261,695 256,906
Minority interest:
Preferred partnership interests 285,000 365,000
Other partnership interests 169,601 167,918
Commitments and contingencies
Shareholders’ Equity:
Preferred Stock, $0.01 par value, 50,000,000 shares authorized,
11,156,500 shares issued and outstanding, (11,141,100 at
December 31, 2000) at liquidation preference:
Cumulative Preferred Stock, issued in series 1,540,150 1,155,150
Common Stock, $0.10 par value, 200,000,000 shares authorized,
114,961,915 shares issued and outstanding (123,703,874 at
December 31, 2000) 11,496 12,370
Equity Stock, Series A, $0.01 par value, 200,000,000 shares authorized,
8,776.102 shares issued and outstanding (5,635.602 at December 31, 2000) — —
Class B Common Stock, $0.10 par value, 7,000,000 shares authorized and issued 700 700
Paid-in capital 2,325,898 2,506,736
Cumulative net income 1,711,269 1,387,061
Cumulative distributions paid (1,679,930) (1,337,900)
Total shareholders’ equity 3,909,583 3,724,117
Total liabilities and shareholders’ equity $ 4,625,879 $ 4,513,941
See accompanying notes.