Extra Space Storage Inc (EXR) Financial Statements (2024 and earlier)

Company Profile

Business Address 2795 COTTONWOOD PARKWAY, SUITE 400
SALT LAKE CITY, UT 84121
State of Incorp. MD
Fiscal Year End December 31
Industry (SIC) 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9371109665756
Cash and cash equivalents9371109665756
Total current assets:9371109665756
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization136118588
Operating lease, right-of-use asset222228252265
Property, plant and equipment432,1481,9521,936  
Long-term investments and receivables 100100100100109120
Due from related parties100100100100109120
Intangible assets, net (including goodwill)27(131)(129)(128)(121)(112)
Goodwill171     
Intangible assets, net (excluding goodwill)(144)(131)(129)(128)(121)(112)
Total noncurrent assets:5272,4632,2332,181(13)8
Other undisclosed assets11,5477,9407,0546,2867,8037,392
TOTAL ASSETS:12,16710,4749,3968,5327,8487,455
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities8,0896,6896,4605,6115,0634,731
Total liabilities:8,0896,6896,4605,6115,0634,731
Equity
Equity, attributable to parent3,2603,1162,5482,5402,4142,351
Common stock111111
Additional paid in capital3,3453,2863,0002,8692,6412,569
Accumulated other comprehensive income (loss)49(43)(99)(29)3533
Accumulated deficit(136)(128)(355)(301)(263)(253)
Equity, attributable to noncontrolling interest819669388382372373
Total equity:4,0783,7862,9362,9222,7852,724
TOTAL LIABILITIES AND EQUITY:12,16710,4749,3968,5327,8487,455

Income Statement (P&L) ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues1,9241,5771,3561,3081,1971,105
Operating leases, income statement, lease revenue1,039
Revenue, net1,105
Cost of revenue(435)(369)(361)(336)(292)(272)
Gross profit:1,4891,209996972905833
Operating expenses(419)(344)(321)(89)(81)(79)
Other undisclosed operating income (loss)(19)111(8)(248)(204)(212)
Operating income:1,050976666635620542
Nonoperating income
(Investment Income, Nonoperating)
695015754
Interest and debt expense(4)(3)(9)(12)(178)(154)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes  (163)(179)(5)111
Income from continuing operations before equity method investments, income taxes:1,1161,023509451442503
Income from equity method investments   111415
Other undisclosed loss from continuing operations before income taxes(215)(163)    
Income from continuing operations before income taxes:901859509462456518
Income tax expense(21)(20)(14)(11)(9)(4)
Income from continuing operations:880839495451447514
Income before gain (loss) on sale of properties:839495451447514
Other undisclosed net income413922   
Net income:921878518451447514
Net loss attributable to noncontrolling interest(18)(15)(13)(12)(14)(15)
Other undisclosed net loss attributable to parent(43)(35)(23)(19)(18)(20)
Net income attributable to parent:861828482420415479
Undistributed earnings (loss) allocated to participating securities, basic(1)(1)(1)(1)(1)(1)
Net income available to common stockholders, basic:859826481419415478
Other undisclosed net income available to common stockholders, diluted4841 222127
Net income available to common stockholders, diluted:908867481441436505

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:921878518451447514
Other comprehensive income (loss)9659(74)(67)117
Other undisclosed comprehensive income      
Comprehensive income:1,017937444384449532
Comprehensive loss, net of tax, attributable to noncontrolling interest(65)(53)(32)(28)(32)(36)
Comprehensive income, net of tax, attributable to parent:952884412356417496

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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