Life Storage, Inc. (LSI) financial statements (2021 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)

12/31/2020
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 investments54171492479
Cash and cash equivalents54171492479
Prepaid expense  00001
Total current assets:54171492479
Noncurrent Assets
Property, plant and equipment952884795787787480398
Long-term investments and receivables   133676358
Long-term investments   133676358
Intangible assets, net (including goodwill)221917174112
Intangible assets, net (excluding goodwill)221917174112
Total noncurrent assets:974904812937895544458
Other undisclosed assets3,7003,3123,0662,9312,9391,5711,388
TOTAL ASSETS:4,7284,2333,8923,8773,8582,1221,855
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities2,3232,0741,8111,8291,751902865
Total liabilities:2,3232,0741,8111,8291,751902865
Temporary equity, carrying amount262624191818 
Stockholders' equity
Stockholders' equity attributable to parent, including:2,3782,1332,0582,0282,0881,202976
Common stock0000000
Treasury stock, value      (27)
Additional paid in capital2,6712,3772,3722,3632,3491,3881,183
Accumulated other comprehensive loss(5)(6)(7)(8)(21)(14)(13)
Other undisclosed stockholders' equity attributable to parent(289)(238)(308)(328)(239)(172)(168)
Other undisclosed stockholders' equity      14
Total stockholders' equity:2,3782,1332,0582,0282,0881,202989
TOTAL LIABILITIES AND EQUITY:4,7284,2333,8923,8773,8582,1221,855

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
Revenues617575551530463367326
Revenue, net485428338302
Operating lease, lease income540511
Operating leases, income statement, lease revenue502
Cost of revenue(209)(300)(239)(165)(159)(111)(109)
Cost of goods and services sold(138)(130)(121)(123)(103)(82)(70)
Gross profit:408275311365304255217
Operating expenses(175)(49)(94)(193)(184)(108)(101)
Other undisclosed operating income010657    
Operating income:234332274171120147116
Nonoperating income
(Investment Income, Nonoperating)
0000000
Interest and debt expense(86)(76)(71)(74)(47)(37)(34)
Income from continuing operations before equity method investments, income taxes:148256203977311082
Income from equity method investments5543432
Income from continuing operations before income taxes:1522602081007611484
Income tax expense(2)     (1)
Other undisclosed income (loss) from continuing operations     (0)6
Income before gain (loss) on sale of properties:1512602081007611389
Other undisclosed net income (loss)2  (4)9  
Net income:152260208978511389
Net income (loss) attributable to noncontrolling interest(1)(1)(1)(0)0(1)(1)
Net income available to common stockholders, diluted:152259207968511389

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:152260208978511389
Other undisclosed comprehensive income (loss)11114(7)(1)(7)
Comprehensive income:1532612081117811282
Comprehensive loss, net of tax, attributable to noncontrolling interest     (1)(0)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1)(1)(1)(1)0  
Comprehensive income, net of tax, attributable to parent:1522602071107811182

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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