CubeSmart (CUBE) financial statements (2020 and earlier)

Company profile

Business Address 5 OLD LANCASTER ROAD
MALVERN, PA 19355
State of Incorp. MD
Fiscal Year End December 31
SIC 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments554536333
Cash and cash equivalents554536333
Prepaid expense766544 
Prepaid expense and other current assets3
Total current assets:62101186776
Noncurrent Assets
Operating lease, right-of-use asset42
Long-term investments and receivables5591999796156
Long-term investments5591999796156
Intangible assets, net (including goodwill)1082813229
Intangible assets, net (excluding goodwill)1082813229
Total noncurrent assets:571393107110118166
Other undisclosed assets3,9113,7303,4413,3602,9382,6612,186
TOTAL ASSETS:4,0303,7533,5453,4753,1152,7862,359
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities2,1601,9811,8561,7591,4041,2871,229
Total liabilities:2,1601,9811,8561,7591,4041,2871,229
Temporary equity, carrying amount62565454665036
Stockholders' equity
Stockholders' equity attributable to parent1,7991,7101,6291,6551,6431,4481,092
Preferred stock    000
Common stock2222221
Additional paid in capital2,6752,5012,3572,3142,2311,9741,543
Accumulated other comprehensive income (loss)(1)(1)0(2)(5)(9)(11)
Accumulated deficit(877)(792)(729)(659)(585)(519)(441)
Stockholders' equity attributable to noncontrolling interest8766221
Total stockholders' equity:1,8071,7161,6351,6611,6451,4501,093
TOTAL LIABILITIES AND EQUITY:4,0303,7533,5453,4753,1152,7862,359

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues644598559510445708600
Revenue, net598559510445708600
Operating lease, lease income552
Cost of revenue(210)(197)(182)(166)(153)(133)(118)
Gross profit:434401377344291575481
Operating expenses(39)(48)(36)(39)(32)(44)(42)
Other undisclosed operating loss  (146)(162)(152)(450)(381)
Operating income:3963531961431088258
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
1011(0)(0)0
Interest and debt expense(3)(64)(60)(53)(46)(47)(41)
Income from continuing operations before equity method investments, income taxes:39428913791623417
Income (loss) from equity method investments11(1)(1)(3)(0)(6)(1)
Income from continuing operations before income taxes:40528813688612816
Other undisclosed income (loss) from continuing operations (122)  18(2)(6)
Income from continuing operations:40516513688792610
Income from discontinued operations     032
Income before gain (loss) on sale of properties:40516513688792742
Other undisclosed net loss(235)      
Net income:17116513688792742
Net loss attributable to noncontrolling interest(2)(2)(1)(0)(1)(0)(1)
Other undisclosed net loss attributable to parent     (0) 
Net income attributable to parent:16916413488782641
Preferred stock dividends and other adjustments   (8)(6)(6)(6)
Net income available to common stockholders, diluted:16916413480722035

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:17116513688792742
Other comprehensive income (loss)0(1)23429
Other undisclosed comprehensive income    0  
Comprehensive income:17116413792832951
Comprehensive income (loss), net of tax, attributable to noncontrolling interest     0(0)
Other undisclosed comprehensive loss, net of tax, attributable to parent(2)(2)(1)(1)(1)(0)(1)
Comprehensive income, net of tax, attributable to parent:16916313691812950

Statements sources

The financial statements are based on the company's filings with the 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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