Public Storage 2011 Annual Report Download - page 112

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PUBLIC STORAGE
NOTES TO FINANCIAL STATEMENTS
December 31, 2011
F-32
For the year ended December 31, 2009
Domestic
Self-Storage
European
Self-Storage
Commercial
Other Items
Not Allocated to
Segments
Total
(Amounts in thousands)
Revenues:
Self-storage facilities ..............................................
$ 1,485,510
$ -
$ -
$ -
$ 1,485,510
Ancillary operations ...............................................
-
-
14,982
92,615
107,597
Interest and other income .......................................
-
24,832
-
4,981
29,813
1,485,510
24,832
14,982
97,596
1,622,920
Expenses:
Cost of operations:
Self-storage facilities .........................................
484,901
-
-
-
484,901
Ancillary operations ..........................................
-
-
5,759
30,252
36,011
Depreciation and amortization ...............................
336,487
-
2,958
-
339,445
General and administrative .....................................
-
-
-
35,735
35,735
Interest expense ......................................................
-
-
-
29,916
29,916
821,388
-
8,717
95,903
926,008
Income from continuing operations before equity
in earnings of unconsolidated real estate entities,
foreign currency exchange gain, gain on real
estate sales and debt retirement, net ........................
664,122
24,832
6,265
1,693
696,912
Equity in earnings of unconsolidated real estate
entities .....................................................................
1,867
16,269
35,108
-
53,244
Foreign currency exchange gain .................................
-
9,662
-
-
9,662
Gain on real estate sales and debt retirement, net........
3,133
-
30,293
4,114
37,540
Income from continuing operations ............................
669,122
50,763
71,666
5,807
797,358
Discontinued operations ..............................................
(527)
-
-
(6,375)
(6,902)
Net income (loss) ........................................................
$ 668,595
$ 50,763
$ 71,666
$ (568)
$ 790,456