Public Storage 2009 Annual Report Download - page 118

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PUBLIC STORAGE
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
December 31, 2009
F-31
For the year ended December 31, 2009
Domestic
Self-Storage
Europe
Self Storage
Commercial
Other Items
Not Allocated to
Segments
Total
Consolidated
(Amounts in thousands)
Revenues:
Self-storage facilities ..............................................
$ 1,490,292
$ -
$ -
$ -
$ 1,490,292
Ancillary operations ................................................
-
-
14,982
92,615
107,597
Interest and other income ........................................
-
24,832
-
4,981
29,813
1,490,292
24,832
14,982
97,596
1,627,702
Expenses:
Cost of operations:
Self-storage facilities .........................................
486,928
-
-
-
486,928
Ancillary operations ..........................................
-
-
5,759
30,252
36,011
Depreciation and amortization.................................
337,275
-
2,958
-
340,233
General and administrative ......................................
-
-
-
35,735
35,735
Interest expense .......................................................
-
-
-
29,916
29,916
824,203
-
8,717
95,903
928,823
Income from continuing operations before equity
in earnings of real estate entities, gains on
disposition of real estate investments, net, gain
on early retirement of debt and foreign currency
exchange gain .........................................................
666,089
24,832
6,265
1,693
698,879
Equity in earnings of real estate entities ......................
1,867
16,269
35,108
-
53,244
Gains on disposition of real estate investments, net ....
-
-
30,293
3,133
33,426
Gain on early retirement debt ......................................
-
-
-
4,114
4,114
Foreign currency exchange gain .................................
-
9,662
-
-
9,662
Income from continuing operations ............................
667,956
50,763
71,666
8,940
799,325
Discontinued operations ..............................................
-
-
-
(8,869)
(8,869)
Net income ..................................................................
$ 667,956
$ 50,763
$ 71,666
$ 71
$ 790,456