Public Storage 2002 Annual Report Download - page 114

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PUBLIC STORAGE, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
December 31, 2002
F-37
17. Supplementary quarterly financial data (unaudited)
Three months ended
March 31, June 30, September 30, December 31,
2002
2002 2002 2002
(in thousands, except per share data)
Revenues from operations (a) ........... $ 203,790 $ 205,657 $ 215,797 $ 207,547
Cost of operations (a)........................ $ 67,365 $ 69,668 $ 76,004 $ 82,480
Net income........................................ $ 87,455 $ 80,718 $ 83,351 $ 67,214
Per Common Share (Note 2):
Net income - Basic....................... $ 0.38 $ 0.30 $ 0.32 $ 0.20
Net income - Diluted.................... $ 0.37 $ 0.30 $ 0.32 $ 0.20
Three months ended
March 31, June 30, September 30, December 31,
2001
2001 2001 2001
(in thousands, except per share data)
Revenues from operations (a) ........... $ 181,758 $ 190,459 $ 199,818 $ 195,909
Cost of operations (a)........................ $ 63,852 $ 62,881 $ 67,658 $ 68,597
Net income........................................ $ 74,635 $ 81,773 $ 83,604 $ 84,196
Per Common Share (Note 2):
Net income – Basic ....................... $ 0.34 $ 0.40 $ 0.41 $ 0.38
Net income – Diluted .................... $ 0.34 $ 0.39 $ 0.41 $ 0.38
(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 2002, as described in Note 4.