Public Storage 2009 Annual Report Download - page 89

Download and view the complete annual report

Please find page 89 of the 2009 Public Storage annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 132

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132

PUBLIC STORAGE
CONSOLIDATED BALANCE SHEETS
December 31, 2009 and 2008
(Amounts in thousands, except share data)
See accompanying notes.
F-2
December 31,
2009
December 31,
2008
ASSETS
Cash and cash equivalents ...............................................................................................
$ 763,789
$ 680,701
Real estate facilities, at cost:
Land .............................................................................................................................
2,717,368
2,716,254
Buildings ......................................................................................................................
7,575,587
7,490,768
10,292,955
10,207,022
Accumulated depreciation............................................................................................
(2,734,449)
(2,405,473)
7,558,506
7,801,549
Construction in process ................................................................................................
3,527
20,340
7,562,033
7,821,889
Investment in real estate entities ......................................................................................
612,316
544,598
Goodwill, net ...................................................................................................................
174,634
174,634
Intangible assets, net ........................................................................................................
38,270
52,005
Loan receivable from Shurgard Europe ...........................................................................
561,703
552,361
Other assets ......................................................................................................................
92,900
109,857
Total assets ...............................................................................................
$ 9,805,645
$ 9,936,045
LIABILITIES AND EQUITY
Notes payable...................................................................................................................
$ 518,889
$ 643,811
Accrued and other liabilities ............................................................................................
212,253
212,353
Total liabilities .................................................................................................
731,142
856,164
Redeemable noncontrolling interests in subsidiaries (Note 7) .........................................
13,122
12,777
Commitments and contingencies (Note 13)
Equity:
Public Storage shareholders’ equity:
Cumulative Preferred Shares of beneficial interest, $0.01 par value, 100,000,000
shares authorized, 886,140 shares issued (in series) and outstanding, (887,122
at December 31, 2008), at liquidation preference .................................................
3,399,777
3,424,327
Common Shares of beneficial interest, $0.10 par value, 650,000,000 shares
authorized, 168,405,539 shares issued and outstanding (168,279,732 at
December 31, 2008) ..............................................................................................
16,842
16,829
Equity Shares of beneficial interest, Series A, $0.01 par value, 100,000,000 shares
authorized, 8,377.193 shares issued and outstanding ............................................
-
-
Paid-in capital ...........................................................................................................
5,680,549
5,590,093
Accumulated deficit ..................................................................................................
(153,759)
(290,323)
Accumulated other comprehensive loss ....................................................................
(15,002)
(31,931)
Total Public Storage shareholders’ equity.......................................................
8,928,407
8,708,995
Equity of permanent noncontrolling interests in subsidiaries (Note 7) .......................
132,974
358,109
Total equity .............................................................................................................
9,061,381
9,067,104
Total liabilities and equity ........................................................................
$ 9,805,645
$ 9,936,045