Public Storage (PSA) financial statements (2020 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)

12/31/2019
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 investments41036143318410418819
Cash and cash equivalents41036143318410418819
Total current assets:41036143318410418819
Noncurrent Assets
Operating lease, right-of-use asset39
Inventory, real estate4545  
Property, plant and equipment4,1874,0483,9473,78113,20512,86312,286
Long-term investments and receivables768784724689809814856
Long-term investments768784724689809814856
Intangible assets, net (including goodwill), including:206210215213211124158
Goodwill175175175175 175175
Intangible assets, net (excluding goodwill)3135(12)(35)211(51)(16)
Other undisclosed intangible assets, net (including goodwill)0(0)5373  
Total noncurrent assets:5,2035,0474,8914,68914,22613,80113,301
Other undisclosed assets5,7525,5205,4095,258(4,552)(4,170)(3,444)
TOTAL ASSETS:11,36510,92810,73310,1309,7789,8199,876
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt      700
Total current liabilities:      700
Noncurrent Liabilities
Other undisclosed liabilities2,2861,7841,769689581312357
Total liabilities:2,2861,7841,7696895813121,057
Stockholders' equity
Stockholders' equity attributable to parent9,0639,1198,9409,4129,1719,4818,792
Preferred stock4,0654,0254,0254,3684,0554,3253,563
Common stock17171717171717
Additional paid in capital5,7115,7185,6485,6105,6025,5625,531
Accumulated other comprehensive loss(65)(64)(75)(95)(69)(48)(1)
Accumulated deficit(666)(577)(676)(488)(435)(375)(318)
Stockholders' equity attributable to noncontrolling interest17252430272627
Total stockholders' equity:9,0809,1458,9649,4429,1989,5078,819
TOTAL LIABILITIES AND EQUITY:11,36510,92810,73310,1309,7789,8199,876

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
Revenues2,8472,7542,6692,5612,3822,1951,982
Revenue, net2,6692,5612,3822,0501,850
Cost of revenue(842)(740)(708)(669)(636)(567)(524)
Cost of goods and services sold  (658)(618)(587)(567)(524)
Gross profit:2,0042,0151,9611,8911,7461,6291,458
Operating expenses(585)(602)(537)(517)(514)(509)(442)
Other undisclosed operating loss     (52)(53)
Operating income:1,4191,4121,4231,3741,2321,068963
Nonoperating income282611151792130
Investment income, nonoperating2826191517523
Loss from catastrophes  (8)    
Other nonoperating income     9491
Interest and debt expense(46)(33)(13)(4)(1)(7)(6)
Income from continuing operations before equity method investments, income taxes:1,4021,4061,4211,3851,2481,1531,087
Income from equity method investments701037657518858
Income from continuing operations before income taxes:1,4721,5101,4971,4421,2991,2411,144
Other undisclosed loss from continuing operations     (91)(87)
Income before gain (loss) on sale of properties:1,4721,5101,4971,4421,2991,1501,058
Other undisclosed net income (loss)54208(49)1819  
Net income:1,5261,7171,4481,4601,3181,1501,058
Net loss attributable to noncontrolling interest     (6)(6)
Other undisclosed net income (loss) attributable to parent(5)(6)(6)(7)(6)11
Net income attributable to parent:1,5211,7111,4421,4541,3111,1441,052
Preferred stock dividends and other adjustments(243)(216)(266)(265)(254)  
Other undisclosed net loss available to common stockholders, basic(5)(6)(5)(5)(4)(236)(208)
Net income available to common stockholders, diluted:1,2731,4891,1721,1841,053908845

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:1,5261,7171,4481,4601,3181,1501,058
Other comprehensive income (loss)(1)1120(27)(20)  
Other undisclosed comprehensive income (loss)     (48)1
Comprehensive income:1,5251,7281,4691,4341,2971,1021,058
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(5)(6)(6)(7)(6)65
Other undisclosed comprehensive loss, net of tax, attributable to parent     (12)(10)
Comprehensive income, net of tax, attributable to parent:1,5201,7221,4621,4271,2911,0971,053

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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