Public Storage 2014 Annual Report Download - page 106

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PUBLIC STORAGE
NOTES TO FINANCIAL STATEMENTS
December 31, 2014
F-30
Year ended December 31, 2013
Domestic
Self-Storage
European
Self-Storage
Commercial
Other Items
Not
Allocated to
Segments
Total
(Amounts in thousands)
Revenues:
Self-storage facilities
$
1,849,883
$
-
$
-
$
-
$
1,849,883
Ancillary operations
-
-
14,510
117,353
131,863
1,849,883
-
14,510
117,353
1,981,746
Expenses:
Self-storage cost of operations
524,086
-
-
-
524,086
Ancillary cost of operations
-
-
5,228
35,847
41,075
Depreciation and amortization
384,623
-
2,779
-
387,402
General and administrative
-
-
-
66,679
66,679
908,709
-
8,007
102,526
1,019,242
Operating income
941,174
-
6,503
14,827
962,504
Interest and other income
-
20,556
-
2,021
22,577
Interest expense
-
-
-
(6,444)
(6,444)
Equity in earnings of
unconsolidated real estate entities
1,686
32,694
23,199
-
57,579
Foreign currency exchange gain
-
17,082
-
-
17,082
Gain on real estate sales
168
-
4,065
-
4,233
Net income
$
943,028
$
70,332
$
33,767
$
10,404
$
1,057,531