Extra Space Storage Inc (EXR) financial statements (2020 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)

12/31/2019
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 investments665756447648127
Cash and cash equivalents665756447648127
Total current assets:665756447648127
Noncurrent Assets
Finance lease, right-of-use asset8
Operating lease, right-of-use asset265
Property, plant and equipment1,936   1110(13)
Long-term investments and receivables100109120120120120100
Due from related parties100109120120120120100
Intangible assets, net (including goodwill)(128)(121)(112) 27
Intangible assets, net (excluding goodwill)(128)(121)(112) 27 
Total noncurrent assets:2,181(13)812013313787
Other undisclosed assets6,2867,8037,3926,9275,8624,2173,763
TOTAL ASSETS:8,5327,8487,4557,0916,0714,4023,977
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities5,6115,0634,7314,4953,6992,4902,045
Total liabilities:5,6115,0634,7314,4953,6992,4902,045
Stockholders' equity
Stockholders' equity attributable to parent2,5402,4142,3512,2452,0891,7371,758
Common stock1111111
Additional paid in capital2,8692,6412,5692,5662,4321,9951,973
Accumulated other comprehensive income (loss)(29)353317(6)(1)10
Accumulated deficit(301)(263)(253)(339)(338)(258)(226)
Stockholders' equity attributable to noncontrolling interest382372373351284175 
Other undisclosed stockholders' equity      173
Total stockholders' equity:2,9222,7852,7242,5962,3731,9121,932
TOTAL LIABILITIES AND EQUITY:8,5327,8487,4557,0916,0714,4023,977

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
Revenues1,3081,1971,1059927821,207967
Revenue, net1,1059927821,207967
Operating leases, income statement, lease revenue1,039
Cost of revenue(336)(292)(272)(250)(204)(172)(140)
Gross profit:9729058337425781,035827
Operating expenses(89)(81)(79)(82)(68)(82)(78)
Other undisclosed operating loss(248)(204)(212)(210)(216)(674)(536)
Operating income:635620542450295278213
Nonoperating income
(Investment Income, Nonoperating)
7546321
Interest and debt expense(12)(178)(154)(133)(96)(81)(72)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(179)(5)11183(10)(5)
Income from continuing operations before equity method investments, income taxes:451442503331205189138
Income from equity method investments11141513121112
Income from continuing operations before income taxes:462456518344218199150
Income tax expense(11)(9)(4)(16)(11)(8)(10)
Income before gain (loss) on sale of properties:451447514328207192140
Other undisclosed net income   693446
Net income:451447514397210196186
Net income (loss) attributable to noncontrolling interest(12)(14)(15)(15)(12)147
Other undisclosed net loss attributable to parent(19)(18)(20)(16)(8)(31)(21)
Net income attributable to parent:420415479366189178172
Undistributed earnings (loss) allocated to participating securities, basic(1)(1)(1)
Other undisclosed net loss available to common stockholders, basic   (1)(1)(0)(1)
Net income available to common stockholders, basic:419415478365189178172
Other undisclosed net income available to common stockholders, diluted22212711082
Net income available to common stockholders, diluted:441436505366199186174

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:451447514397210196186
Other comprehensive income (loss)(67)11725(5)(12)25
Comprehensive income:384449532422205184211
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(28)(32)(36)(32)(20)(17)14
Other undisclosed comprehensive loss, net of tax, attributable to parent      (29)
Comprehensive income, net of tax, attributable to parent:356417496389185167197

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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