Public Storage 2014 Annual Report Download - page 78

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PUBLIC STORAGE
BALANCE SHEETS
(Amounts in thousands, except share data)
See accompanying notes.
F-2
December 31,
December 31,
2014
2013
ASSETS
Cash and cash equivalents
$
187,712
$
19,169
Real estate facilities, at cost:
Land
3,476,883
3,321,236
Buildings
9,386,352
8,965,020
12,863,235
12,286,256
Accumulated depreciation
(4,482,520)
(4,098,814)
8,380,715
8,187,442
Construction in process
104,573
52,336
8,485,288
8,239,778
Investments in unconsolidated real estate entities
813,740
856,182
Goodwill and other intangible assets, net
228,632
246,854
Loan receivable from Shurgard Europe
-
428,139
Other assets
103,304
86,144
Total assets
$
9,818,676
$
9,876,266
LIABILITIES AND EQUITY
Borrowings on bank credit facility
$
-
$
50,100
Term loan
-
700,000
Notes payable
64,364
88,953
Accrued and other liabilities
247,141
218,358
Total liabilities
311,505
1,057,411
Commitments and contingencies (Note 13)
Equity:
Public Storage shareholders’ equity:
Preferred Shares, $0.01 par value, 100,000,000 shares authorized,
173,000 shares issued (in series) and outstanding, (142,500 at
December 31, 2013), at liquidation preference
4,325,000
3,562,500
Common Shares, $0.10 par value, 650,000,000 shares authorized,
172,445,554 shares issued and outstanding (171,776,291 shares at
December 31, 2013)
17,245
17,178
Paid-in capital
5,561,530
5,531,034
Accumulated deficit
(374,823)
(318,482)
Accumulated other comprehensive loss
(48,156)
(500)
Total Public Storage shareholders’ equity
9,480,796
8,791,730
Noncontrolling interests
26,375
27,125
Total equity
9,507,171
8,818,855
Total liabilities and equity
$
9,818,676
$
9,876,266