Life Storage, Inc. (LSI) financial statements (2020 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)

12/31/2019
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 investments17149247910
Cash and cash equivalents17149247910
Prepaid expense 00001 
Total current assets:17149247910
Noncurrent Assets
Property, plant and equipment884795787787480398312
Long-term investments and receivables  13367635830
Long-term investments  13367635830
Intangible assets, net (including goodwill)19171741121
Intangible assets, net (excluding goodwill)19171741121
Total noncurrent assets:904812937895544458344
Other undisclosed assets3,3123,0662,9312,9391,5711,3881,209
TOTAL ASSETS:4,2333,8923,8773,8582,1221,8551,562
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities      0
Taxes payable      0
Total current liabilities:      0
Noncurrent Liabilities
Other undisclosed liabilities2,0741,8111,8291,751902865678
Total liabilities:2,0741,8111,8291,751902865678
Temporary equity, carrying amount2624191818  
Stockholders' equity
Stockholders' equity attributable to parent, including:2,1332,0582,0282,0881,202976871
Common stock0000000
Treasury stock, value     (27)(27)
Additional paid in capital2,3772,3722,3632,3491,3881,1831,066
Accumulated other comprehensive loss(6)(7)(8)(21)(14)(13)(6)
Other undisclosed stockholders' equity attributable to parent(238)(308)(328)(239)(172)(168)(162)
Other undisclosed stockholders' equity     1413
Total stockholders' equity:2,1332,0582,0282,0881,202989884
TOTAL LIABILITIES AND EQUITY:4,2333,8923,8773,8582,1221,8551,562

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
Revenues575551530463367326274
Revenue, net485428338302253
Operating lease, lease income511
Operating leases, income statement, lease revenue502
Cost of revenue(300)(239)(165)(159)(111)(109)(84)
Cost of goods and services sold(130)(121)(123)(103)(82)(70)(61)
Gross profit:275311365304255217189
Operating expenses(49)(94)(193)(184)(108)(101)(88)
Other undisclosed operating income10657     
Operating income:332274171120147116101
Nonoperating income
(Investment Income, Nonoperating)
0000000
Interest and debt expense(76)(71)(74)(47)(37)(34)(32)
Income from continuing operations before equity method investments, income taxes:25620397731108270
Income from equity method investments5434322
Income from continuing operations before income taxes:260208100761148471
Income tax expense     (1)(1)
Other undisclosed income (loss) from continuing operations    (0)61
Income from continuing operations:260208100761138971
Income from discontinued operations      3
Income before gain (loss) on sale of properties:260208100761138975
Other undisclosed net income (loss)  (4)9   
Net income:26020897851138975
Net income (loss) attributable to noncontrolling interest(1)(1)(0)0(1)(1)(0)
Net income available to common stockholders, diluted:25920796851138974

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:26020897851138975
Other undisclosed comprehensive income (loss)1114(7)(1)(7)9
Comprehensive income:261208111781128283
Comprehensive income (loss), net of tax, attributable to noncontrolling interest    (1)(0)1
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1)(1)(1)0  (1)
Comprehensive income, net of tax, attributable to parent:260207110781118283

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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