Life Storage, Inc. (LSI) financial statements (2022 and earlier)

Company profile

Business Address 6467 MAIN ST
WILLIAMSVILLE, NY 14221
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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1725417149247
Cash and cash equivalents1725417149247
Prepaid expense   0000
Total current assets:1725417149247
Noncurrent Assets
Property, plant and equipment1,186952884795787787480
Long-term investments and receivables    1336763
Long-term investments    1336763
Intangible assets, net (including goodwill)3022191717411
Intangible assets, net (excluding goodwill)3022191717411
Total noncurrent assets:1,216974904812937895544
Other undisclosed assets5,1683,7003,3123,0662,9312,9391,571
TOTAL ASSETS:6,5574,7284,2333,8923,8773,8582,122
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities2,9442,3232,0741,8111,8291,751902
Total liabilities:2,9442,3232,0741,8111,8291,751902
Temporary equity, carrying amount234262624191818
Stockholders' equity
Stockholders' equity attributable to parent, including:3,3792,3782,1332,0582,0282,0881,202
Common stock1000000
Additional paid in capital3,6972,6712,3772,3722,3632,3491,388
Accumulated other comprehensive loss(4)(5)(6)(7)(8)(21)(14)
Other undisclosed stockholders' equity attributable to parent(315)(289)(238)(308)(328)(239)(172)
Total stockholders' equity:3,3792,3782,1332,0582,0282,0881,202
TOTAL LIABILITIES AND EQUITY:6,5574,7284,2333,8923,8773,8582,122

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues789617575551530463367
Revenue, net485428338
Operating lease, lease income691540511
Operating leases, income statement, lease revenue502
Cost of revenue(246)(209)(300)(239)(165)(159)(111)
Cost of goods and services sold(144)(138)(130)(121)(123)(103)(82)
Gross profit:542408275311365304255
Operating expenses(210)(175)(49)(94)(193)(184)(108)
Other undisclosed operating income (loss)(665)010657   
Operating income (loss):(332)234332274171120147
Nonoperating income
(Investment Income, Nonoperating)
1000000
Interest and debt expense(87)(86)(76)(71)(74)(47)(37)
Income (loss) from continuing operations before equity method investments, income taxes:(418)1482562039773110
Income from equity method investments6554343
Income (loss) from continuing operations before income taxes:(413)15226020810076114
Income tax expense(2)(2)     
Other undisclosed loss from continuing operations      (0)
Income (loss) before gain (loss) on sale of properties:(414)15126020810076113
Other undisclosed net income (loss)6672  (4)9 
Net income:2521522602089785113
Net income (loss) attributable to noncontrolling interest (1)(1)(1)(0)0(1)
Other undisclosed net loss attributable to parent(3)      
Net income available to common stockholders, diluted:2491522592079685113

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:2521522602089785113
Other undisclosed comprehensive income (loss)111114(7)(1)
Comprehensive income:25315326120811178112
Comprehensive loss, net of tax, attributable to noncontrolling interest      (1)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(3)(1)(1)(1)(1)0 
Comprehensive income, net of tax, attributable to parent:25015226020711078111

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.

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: