Public Storage 2014 Annual Report Download - page 37

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23
ITEM 6. Selected Financial Data
For the year ended December 31,
2014
2013
2012
2011
2010
Revenues
$
2,195,404
$
1,981,746
$
1,842,504
$
1,735,888
$
1,631,294
Expenses:
Cost of operations
618,720
565,161
555,904
560,509
545,921
Depreciation and amortization
437,114
387,402
357,781
357,969
353,245
General and administrative
71,459
66,679
56,837
52,410
38,487
Asset impairment charges
-
-
-
2,186
994
1,127,293
1,019,242
970,522
973,074
938,647
Operating income
1,068,111
962,504
871,982
762,814
692,647
Interest and other income
4,926
22,577
22,074
32,333
29,017
Interest expense
(6,781)
(6,444)
(19,813)
(24,222)
(30,225)
Equity in earnings of unconsolidated real
estate entities
88,267
57,579
45,586
58,704
38,352
Foreign currency exchange (loss) gain
(7,047)
17,082
8,876
(7,287)
(42,264)
Gain on real estate sales and debt
retirement
2,479
4,233
1,456
10,801
827
Income from continuing operations
1,149,955
1,057,531
930,161
833,143
688,354
Discontinued operations
-
-
12,874
3,316
7,760
Net income
1,149,955
1,057,531
943,035
836,459
696,114
Net income allocated to noncontrolling
equity interests
(5,751)
(5,078)
(3,777)
(12,617)
(24,076)
Net income allocable to Public Storage
shareholders
$
1,144,204
$
1,052,453
$
939,258
$
823,842
$
672,038
Per Common Share:
Distributions
$5.60
$5.15
$4.40
$3.65
$3.05
Net income – Basic
$5.27
$4.92
$3.93
$3.31
$2.36
Net income – Diluted
$5.25
$4.89
$3.90
$3.29
$2.35
Weighted average common shares –
Basic
172,251
171,640
170,562
169,657
168,877
Weighted average common shares –
Diluted
173,138
172,688
171,664
170,750
169,772
Balance Sheet Data:
Total assets
$
9,818,676
$
9,876,266
$
8,793,403
$
8,932,562
$
9,495,333
Total debt
$
64,364
$
839,053
$
468,828
$
398,314
$
568,417
Total preferred equity
$
4,325,000
$
3,562,500
$
2,837,500
$
3,111,271
$
3,396,027
Public Storage shareholders’ equity
$
9,480,796
$
8,791,730
$
8,093,756
$
8,288,209
$
8,676,598
Permanent noncontrolling interests’
equity
$
26,375
$
27,125
$
29,108
$
22,718
$
32,336
Net cash flow:
Provided by operating activities
$
1,606,758
$
1,430,339
$
1,285,659
$
1,203,452
$
1,093,221
Used in investing activities
$
(212,996)
$
(1,412,393)
$
(290,465)
$
(81,355)
$
(266,605)
Used in financing activities
$
(1,225,415)
$
(16,160)
$
(1,117,305)
$
(1,438,546)
$
(1,132,709)