Extra Space Storage Inc (EXR) financial statements (2021 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
SIC 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments109665756447648
Cash and cash equivalents109665756447648
Total current assets:109665756447648
Noncurrent Assets
Finance lease, right-of-use asset588
Operating lease, right-of-use asset252265
Property, plant and equipment1,9521,936   1110
Long-term investments and receivables100100109120120120120
Due from related parties100100109120120120120
Intangible assets, net (including goodwill)(129)(128)(121)(112) 27
Intangible assets, net (excluding goodwill)(129)(128)(121)(112) 27
Total noncurrent assets:2,2332,181(13)8120133137
Other undisclosed assets7,0546,2867,8037,3926,9275,8624,217
TOTAL ASSETS:9,3968,5327,8487,4557,0916,0714,402
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities6,4605,6115,0634,7314,4953,6992,490
Total liabilities:6,4605,6115,0634,7314,4953,6992,490
Stockholders' equity
Stockholders' equity attributable to parent2,5482,5402,4142,3512,2452,0891,737
Common stock1111111
Additional paid in capital3,0002,8692,6412,5692,5662,4321,995
Accumulated other comprehensive income (loss)(99)(29)353317(6)(1)
Accumulated deficit(355)(301)(263)(253)(339)(338)(258)
Stockholders' equity attributable to noncontrolling interest388382372373351284175
Total stockholders' equity:2,9362,9222,7852,7242,5962,3731,912
TOTAL LIABILITIES AND EQUITY:9,3968,5327,8487,4557,0916,0714,402

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1,3561,3081,1971,1059927821,207
Revenue, net1,1059927821,207
Operating leases, income statement, lease revenue1,039
Cost of revenue(361)(336)(292)(272)(250)(204)(172)
Gross profit:9969729058337425781,035
Operating expenses(321)(89)(81)(79)(82)(68)(82)
Other undisclosed operating loss(8)(248)(204)(212)(210)(216)(674)
Operating income:666635620542450295278
Nonoperating income
(Investment Income, Nonoperating)
15754632
Interest and debt expense(9)(12)(178)(154)(133)(96)(81)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(163)(179)(5)11183(10)
Income from continuing operations before equity method investments, income taxes:509451442503331205189
Income from equity method investments 111415131211
Income from continuing operations before income taxes:509462456518344218199
Income tax expense(14)(11)(9)(4)(16)(11)(8)
Income before gain (loss) on sale of properties:495451447514328207192
Other undisclosed net income22   6934
Net income:518451447514397210196
Net income (loss) attributable to noncontrolling interest(13)(12)(14)(15)(15)(12)14
Other undisclosed net loss attributable to parent(23)(19)(18)(20)(16)(8)(31)
Net income attributable to parent:482420415479366189178
Undistributed earnings (loss) allocated to participating securities, basic(1)(1)(1)(1)
Other undisclosed net loss available to common stockholders, basic    (1)(1)(0)
Net income available to common stockholders, basic:481419415478365189178
Other undisclosed net income available to common stockholders, diluted 2221271108
Net income available to common stockholders, diluted:481441436505366199186

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:518451447514397210196
Other comprehensive income (loss)(74)(67)11725(5)(12)
Comprehensive income:444384449532422205184
Comprehensive loss, net of tax, attributable to noncontrolling interest(32)(28)(32)(36)(32)(20)(17)
Comprehensive income, net of tax, attributable to parent:412356417496389185167

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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