Public Storage 2009 Annual Report Download - page 120

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PUBLIC STORAGE
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
December 31, 2009
F-33
For the year ended December 31, 2007
Domestic
Self-Storage
Europe
Self Storage
Commercial
Other Items
Not Allocated to
Segments
Total
Consolidated
(Amounts in thousands)
Revenues:
Self-storage facilities ..............................................
$ 1,467,797
$ 192,507
$ -
$ -
$ 1,660,304
Ancillary operations ................................................
-
17,490
15,101
82,890
115,481
Interest and other income ........................................
-
704
-
10,713
11,417
1,467,797
210,701
15,101
93,603
1,787,202
Expenses:
Cost of operations:
Self-storage facilities .........................................
487,504
91,689
-
-
579,193
Ancillary operations ..........................................
-
5,186
5,722
41,053
51,961
Depreciation and amortization.................................
493,482
123,546
2,570
-
619,598
General and administrative ......................................
-
20,291
-
39,458
59,749
Interest expense .......................................................
-
22,242
-
41,429
63,671
980,986
262,954
8,292
121,940
1,374,172
Income (loss) from continuing operations before
equity in earnings of real estate entities, gains on
disposition of real estate investments, net,
casualty gain and foreign currency exchange
gain .........................................................................
486,811
(52,253)
6,809
(28,337)
413,030
Equity in earnings of real estate entities ......................
2,236
-
10,502
-
12,738
Gains on disposition of real estate investments, net ....
-
-
-
2,547
2,547
Casualty gain...............................................................
2,665
-
-
-
2,665
Foreign currency exchange gain .................................
-
58,444
-
-
58,444
Income (loss) from continuing operations ...................
491,712
6,191
17,311
(25,790)
489,424
Discontinued operations ..............................................
-
(1,081)
-
(1,265)
(2,346)
Net income (loss) ........................................................
$ 491,712
$ 5,110
$ 17,311
$ (27,055)
$ 487,078