Public Storage 2012 Annual Report Download - page 92

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PUBLIC STORAGE
NOTES TO FINANCIAL STATEMENTS
December 31, 2012
F-13
Comprehensive Income (Loss)
Total comprehensive income for a period represents net income, adjusted for changes in other
comprehensive income (loss) for the applicable period, as set forth on our statements of comprehensive income.
The aggregate foreign currency exchange gains and losses reflected on our statements of comprehensive income
are comprised primarily of foreign currency exchange gains and losses on our investment in, and loan
receivable from, Shurgard Europe.
Discontinued Operations
Discontinued operations includes the operating results for those facilities or other businesses that were
either disposed during the three years ended December 31, 2012 or for which we plan to dispose within the next
year. In addition, discontinued operations include $12.1 million, $2.7 million and $7.8 million in gains on
disposition of real estate facilities in 2012, 2011 and 2010, respectively, and a $1.9 million impairment charge
on real estate and intangible assets incurred in 2010.
Net Income per Common Share
Net income is first allocated to each of our noncontrolling interests based upon their respective share of
the net income of the Subsidiaries.
When our equity securities are called for redemption, additional income is allocated to the security to
the extent the redemption cost is greater than the related original net issuance proceeds. These allocations are
referred to hereinafter as “EITF D-42 allocations.” The remaining net income is allocated to each of our equity
securities based upon the dividends declared or accumulated during the period, combined with participation
rights in undistributed earnings.
Basic net income per share, basic net income from discontinued operations per share, and basic net
income from continuing operations per share are computed using the weighted average common shares
outstanding. Diluted net income per share, diluted net income from discontinued operations per share, and
diluted net income from continuing operations per share are computed using the weighted average common
shares outstanding, adjusted for the impact, if dilutive, of stock options outstanding (Note 10).
The following table reflects the components of the calculations of our basic and diluted net income per
share, basic and diluted net income from discontinued operations per share, and basic and diluted net income
from continuing operations per share which are not already otherwise set forth on the face of our statements of
income: