Public Storage 2010 Annual Report Download - page 84

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PUBLIC STORAGE
CONSOLIDATED BALANCE SHEETS
December 31, 2010 and 2009
(Amounts in thousands, except share data)
See accompanying notes.
F-2
December 31,
2010
December 31,
2009
ASSETS
Cash and cash equivalents ............................................................................................... $ 456,252 $ 763,789
Marketable securities ....................................................................................................... 102,279 -
Real estate facilities, at cost:
Land ............................................................................................................................. 2,789,227 2,717,368
Buildings ...................................................................................................................... 7,798,120 7,575,587
10,587,347 10,292,955
Accumulated depreciation............................................................................................ (3,061,459) (2,734,449)
7,525,888 7,558,506
Construction in process ................................................................................................ 6,928 3,527
7,532,816 7,562,033
Investment in real estate entities ...................................................................................... 601,569 612,316
Goodwill, net ................................................................................................................... 174,634 174,634
Intangible assets, net ........................................................................................................ 42,091 38,270
Loan receivable from Shurgard Europe ........................................................................... 495,229 561,703
Other assets ...................................................................................................................... 90,463 92,900
Total assets ............................................................................................... $ 9,495,333 $ 9,805,645
LIABILITIES AND EQUITY
Notes payable................................................................................................................... $ 568,417 $ 518,889
Accrued and other liabilities ............................................................................................ 205,769 212,253
Total liabilities ................................................................................................. 774,186 731,142
Redeemable noncontrolling interests in subsidiaries (Note 7) ......................................... 12,213 13,122
Commitments and contingencies (Note 13)
Equity:
3XEOLF6WRUDJHVKDUHKROGHUV¶HTXLW\
Cumulative Preferred Shares of beneficial interest, $0.01 par value, 100,000,000
shares authorized, 486,390 shares issued (in series) and outstanding, (886,140
at December 31, 2009), at liquidation preference ................................................. 3,396,027 3,399,777
Common Shares of beneficial interest, $0.10 par value, 650,000,000 shares
authorized, 169,252,819 shares issued and outstanding (168,405,539 at
December 31, 2009) .............................................................................................. 16,927 16,842
Equity Shares of beneficial interest, Series A, $0.01 par value, 100,000,000 shares
authorized, none outstanding (8,377.193 shares issued and outstanding at
December 31, 2009) (Note 8) ............................................................................... --
Paid-in capital ........................................................................................................... 5,515,827 5,680,549
Accumulated deficit .................................................................................................. (236,410) (153,759)
Accumulated other comprehensive loss .................................................................... (15,773) (15,002)
Total 3XEOLF6WRUDJHVKDUHKROGHUV¶HTXLW\....................................................... 8,676,598 8,928,407
Equity of permanent noncontrolling interests in subsidiaries (Note 7) ....................... 32,336 132,974
Total equity ............................................................................................................. 8,708,934 9,061,381
Total liabilities and equity ........................................................................ $ 9,495,333 $ 9,805,645