Public Storage 2014 Annual Report Download - page 105

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PUBLIC STORAGE
NOTES TO FINANCIAL STATEMENTS
December 31, 2014
F-29
Year ended December 31, 2014
Domestic
Self-Storage
European
Self-Storage
Commercial
Other Items
Not
Allocated to
Segments
Total
(Amounts in thousands)
Revenues:
Self-storage facilities
$
2,049,882
$
-
$
-
$
-
$
2,049,882
Ancillary operations
-
-
15,720
129,802
145,522
2,049,882
-
15,720
129,802
2,195,404
Expenses:
Self-storage cost of operations
566,898
-
-
-
566,898
Ancillary cost of operations
-
-
5,247
46,575
51,822
Depreciation and amortization
434,069
-
3,045
-
437,114
General and administrative
-
-
-
71,459
71,459
1,000,967
-
8,292
118,034
1,127,293
Operating income
1,048,915
-
7,428
11,768
1,068,111
Interest and other income
-
2,835
-
2,091
4,926
Interest expense
-
-
-
(6,781)
(6,781)
Equity in earnings of
unconsolidated real estate entities
2,087
29,900
56,280
-
88,267
Foreign currency exchange loss
-
(7,047)
-
-
(7,047)
Gain on real estate sales
2,479
-
-
-
2,479
Net income
$
1,053,481
$
25,688
$
63,708
$
7,078
$
1,149,955