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 thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments50,64447,95192,86886,99158,72965,978
Cash and cash equivalents50,64447,95192,86886,99158,72965,978
Total current assets:50,64447,95192,86886,99158,72965,978
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization141,861140,871136,259136,259136,209114,668
Operating lease, right-of-use asset220,090226,483221,725226,984232,045236,961
Property, plant and equipment42,65743,71642,80842,71334,7822,186,751
Long-term investments and receivables   100,000100,000100,000100,000
Due from related parties100,000100,000100,000100,000
Intangible assets, net (including goodwill)170,811170,81126,667170,811170,811 
Goodwill170,811170,811170,811170,811170,811 
Intangible assets, net (excluding goodwill)  (144,144)   
Total noncurrent assets:575,419581,881527,459676,767673,8472,638,380
Other undisclosed assets11,739,39011,502,83711,547,13111,076,88710,306,1917,887,392
TOTAL ASSETS:12,365,45312,132,66912,167,45811,840,64511,038,76710,591,750
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities8,330,0468,099,9688,089,1847,771,3477,145,5276,713,586
Total liabilities:8,330,0468,099,9688,089,1847,771,3477,145,5276,713,586
Equity
Equity, attributable to parent3,255,7783,253,3333,259,5973,250,5713,202,1203,210,215
Common stock1,3511,3501,3391,3391,3391,343
Additional paid in capital3,383,3033,376,4583,345,3323,339,9613,334,3173,329,608
Accumulated other comprehensive income47,06535,08148,79848,52125,5556,457
Accumulated deficit(175,941)(159,556)(135,872)(139,250)(159,091)(127,193)
Equity, attributable to noncontrolling interest779,629779,368818,677818,727691,120667,949
Total equity:4,035,4074,032,7014,078,2744,069,2983,893,2403,878,164
TOTAL LIABILITIES AND EQUITY:12,365,45312,132,66912,167,45811,840,64511,038,76710,591,750

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues511,386503,050506,718498,902474,988443,562
Cost of revenue(114,637)(117,166)(112,971)(114,577)(104,252)(103,542)
Gross profit:396,749385,884393,747384,325370,736340,020
Operating expenses(34,842)(34,763)(324,362)(32,275)(32,716)(29,762)
Other undisclosed operating income (loss)(88,568)(87,579)200,185(82,193)(62,355)(74,948)
Operating income:273,339263,542269,570269,857275,665235,310
Nonoperating income
(Investment Income, Nonoperating)
21,07719,43817,24818,12515,06018,989
Interest and debt expense(86,372)(80,099)142,231(56,245)(47,466)(42,538)
Other undisclosed loss from continuing operations before equity method investments, income taxes      
Income from continuing operations before equity method investments, income taxes:208,044202,881429,049231,737243,259211,761
Income from equity method investments13,25410,305 11,14910,1909,097
Other undisclosed loss from continuing operations before income taxes   (245,589)   
Income from continuing operations before income taxes:221,298213,186183,460242,886253,449220,858
Income tax expense(5,986)(4,308)(5,409)(6,760)(5,615)(3,141)
Income from continuing operations:215,312208,878178,051236,126247,834217,717
Income before gain (loss) on sale of properties:236,126247,834217,717
Other undisclosed net income   41,428   
Net income:215,312208,878219,479236,126247,834217,717
Net loss attributable to noncontrolling interest(2,254)(2,254)(4,345)(4,454)(4,491)(4,333)
Other undisclosed net loss attributable to parent(10,648)(10,320)(10,874)(10,953)(11,213)(9,805)
Net income attributable to parent:202,410196,304204,260220,719232,130203,579
Undistributed earnings (loss) allocated to participating securities, basic(323)(304)(287)(313)(313)(286)
Net income available to common stockholders, basic:202,087196,000203,973220,406231,817203,293
Other undisclosed net income available to common stockholders, diluted 12,76412,12812,20212,38214,62911,121
Net income available to common stockholders, diluted:214,851208,128216,175232,788246,446214,414

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:215,312208,878219,479236,126247,834217,717
Other comprehensive income (loss)12,599(14,510) 24,22220,11351,649
Other undisclosed comprehensive income   265   
Comprehensive income:227,911194,368219,744260,348267,947269,366
Comprehensive loss, net of tax, attributable to noncontrolling interest(13,517)(11,781)(15,207)(16,663)(16,719)(16,784)
Comprehensive income, net of tax, attributable to parent:214,394182,587204,537243,685251,228252,582

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: