Public Storage 2013 Annual Report Download - page 103

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PUBLIC STORAGE
NOTES TO FINANCIAL STATEMENTS
December 31, 2013
F-32
Year ended December 31, 2012
Domestic Self-
Storage
European Self-
Storage
Commercial
Other Items
Not Allocated
to Segments
Total
(Amounts in thousands)
Revenues:
Self-storage facilities $ 1,718,865 $ - $ - $ - $ 1,718,865
Ancillary operations - - 14,071 109,568 123,639
1,718,865 - 14,071 109,568 1,842,504
Ex
p
enses:
Self-storage cost of operations 517,641 - - - 517,641
Ancillary cost of operations - - 4,908 33,355 38,263
Depreciation and amortization 354,971 - 2,810 - 357,781
General and administrative - - - 56,837 56,837
872,612 - 7,718 90,192 970,522
Operating income 846,253 - 6,353 19,376 871,982
Interest and other income - 19,966 - 2,108 22,074
Interest expense - - - (19,813) (19,813)
Equity in earnings of
unconsolidated real estate entities 1,725 33,223 10,638 - 45,586
Foreign currency exchange gain - 8,876 - - 8,876
Gain on real estate sales 1,456 - - - 1,456
Income (loss) from continuing
operations 849,434 62,065 16,991 1,671 930,161
Discontinued operations 12,874 - - - 12,874
N
et income (loss) $ 862,308 $ 62,065 $ 16,991 $ 1,671 $ 943,035