Public Storage (PSA) financial statements (2022 and earlier)

Company profile

Business Address 701 WESTERN AVENUE
GLENDALE, CA 91201-2349
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 investments735258410361433184104
Cash and cash equivalents735258410361433184104
Total current assets:735258410361433184104
Noncurrent Assets
Operating lease, right-of-use asset  39
Inventory, real estate 34545 
Property, plant and equipment5,1344,3764,1874,0483,9473,78113,205
Long-term investments and receivables829773768784724689809
Long-term investments829773768784724689809
Intangible assets, net (including goodwill), including:303205206210215213211
Goodwill166175175175175175 
Intangible assets, net (excluding goodwill)118303135(12)(35)211
Other undisclosed intangible assets, net (including goodwill)19(0)0(0)5373 
Total noncurrent assets:6,2665,3575,2035,0474,8914,68914,226
Other undisclosed assets10,3816,2025,7525,5205,4095,258(4,552)
TOTAL ASSETS:17,38111,81711,36510,92810,73310,1309,778
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities7,9573,2402,2861,7841,769689581
Total liabilities:7,9573,2402,2861,7841,769689581
Temporary equity, carrying amount68      
Stockholders' equity
Stockholders' equity attributable to parent9,3358,5599,0639,1198,9409,4129,171
Preferred stock4,1003,7934,0654,0254,0254,3684,055
Common stock18171717171717
Additional paid in capital5,8225,7075,7115,7185,6485,6105,602
Accumulated other comprehensive loss(54)(43)(65)(64)(75)(95)(69)
Accumulated deficit(550)(915)(666)(577)(676)(488)(435)
Stockholders' equity attributable to noncontrolling interest20181725243027
Total stockholders' equity:9,3558,5779,0809,1458,9649,4429,198
TOTAL LIABILITIES AND EQUITY:17,38111,81711,36510,92810,73310,1309,778

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
Revenues3,4162,9152,8472,7542,6692,5612,382
Revenue, net2,6692,5612,382
Cost of revenue(1,025)(924)(842)(740)(708)(669)(636)
Cost of goods and services sold(852)   (658)(618)(587)
Gross profit:2,3911,9912,0042,0151,9611,8911,746
Operating expenses(801)(636)(585)(602)(537)(517)(514)
Operating income:1,5901,3551,4191,4121,4231,3741,232
Nonoperating income 222826111517
Investment income, nonoperating 222826191517
Loss from catastrophes    (8)  
Interest and debt expense(91)(56)(46)(33)(13)(4)(1)
Income from continuing operations before equity method investments, income taxes:1,4991,3211,4021,4061,4211,3851,248
Income from equity method investments2328070103765751
Income before gain (loss) on sale of properties:1,7311,4011,4721,5101,4971,4421,299
Other undisclosed net income (loss)229(40)54208(49)1819
Net income:1,9601,3611,5261,7171,4481,4601,318
Other undisclosed net loss attributable to parent(6)(4)(5)(6)(6)(7)(6)
Net income attributable to parent:1,9531,3571,5211,7111,4421,4541,311
Preferred stock dividends and other adjustments(215)(255)(243)(216)(266)(265)(254)
Other undisclosed net loss available to common stockholders, basic(5)(4)(5)(6)(5)(5)(4)
Net income available to common stockholders, diluted:1,7321,0981,2731,4891,1721,1841,053

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:1,9601,3611,5261,7171,4481,4601,318
Other comprehensive income (loss)(10)21(1)1120(27)(20)
Comprehensive income:1,9491,3831,5251,7281,4691,4341,297
Comprehensive loss, net of tax, attributable to noncontrolling interest(6)(4)(5)(6)(6)(7)(6)
Comprehensive income, net of tax, attributable to parent:1,9431,3791,5201,7221,4621,4271,291

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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