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PUBLIC STORAGE
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
December 31, 2010
F-35
14. Supplementary Quarterly Financial Data (unaudited)
Three Months Ended
March 31, June 30,
September 30,
December 31,
2010
2010
2010
2010
(Amounts in thousands, except per share data)
Revenues (a) ....................................... $ 397,759 $ 407,960
$ 422,765
$ 418,238
Cost of operations (excluding
depreciation expense) (a) .................... $ 140,974 $ 137,409
$ 134,763
$ 116,845
Depreciation expense (a) ..................... $ 84,796 $ 84,915
$ 92,648
$ 91,647
Income from continuing operations (a) $ 154,573 $ 168,277
$ 178,606
$ 192,557
Net income .......................................... $ 129,917 $ 131,176
$ 245,811
$ 189,210
Per Common Share (Note 2):
Net income - Basic ......................... $ 0.21 $ 0.36
$ 1.08
$ 0.72
Net income - Diluted ...................... $ 0.21 $ 0.36
$ 1.07
$ 0.71
Three Months Ended
March 31, June 30,
September 30,
December 31,
2009
2009
2009
2009
(Amounts in thousands, except per share data)
Revenues (a) ....................................... $ 403,937 $ 406,473
$ 412,087
$ 402,208
Cost of operations (excluding
depreciation expense) (a) .................... $ 142,771 $ 134,540
$ 128,468
$ 115,927
Depreciation expense (a) ..................... $ 84,516 $ 84,118
$ 85,670
$ 85,462
Income from continuing operations .... $ 158,843 $ 172,328
$ 182,006
$ 184,405
Net income .......................................... $ 153,429 $ 205,387
$ 243,951
$ 187,689
Per Common Share (Note 2):
Net income - Basic ......................... $ 0.95 $ 0.80
$ 1.03
$ 0.70
Net income - Diluted ...................... $ 0.95 $ 0.79
$ 1.03
$ 0.70
(a) Revenues, cost of operations, depreciation expense and income from continuing operations as presented in this table differ
from those amounts as presented in our quarterly reports due to the impact of discontinued operations accounting as
described in Note 2.