Public Storage (PSA) financial statements (2021 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)

12/31/2020
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 investments258410361433184104188
Cash and cash equivalents258410361433184104188
Total current assets:258410361433184104188
Noncurrent Assets
Operating lease, right-of-use asset 39
Inventory, real estate34545  
Property, plant and equipment4,3764,1874,0483,9473,78113,20512,863
Long-term investments and receivables773768784724689809814
Long-term investments773768784724689809814
Intangible assets, net (including goodwill), including:205206210215213211124
Goodwill175175175175175 175
Intangible assets, net (excluding goodwill)303135(12)(35)211(51)
Other undisclosed intangible assets, net (including goodwill)(0)0(0)5373  
Total noncurrent assets:5,3575,2035,0474,8914,68914,22613,801
Other undisclosed assets6,2025,7525,5205,4095,258(4,552)(4,170)
TOTAL ASSETS:11,81711,36510,92810,73310,1309,7789,819
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities3,2402,2861,7841,769689581312
Total liabilities:3,2402,2861,7841,769689581312
Stockholders' equity
Stockholders' equity attributable to parent8,5599,0639,1198,9409,4129,1719,481
Preferred stock3,7934,0654,0254,0254,3684,0554,325
Common stock17171717171717
Additional paid in capital5,7075,7115,7185,6485,6105,6025,562
Accumulated other comprehensive loss(43)(65)(64)(75)(95)(69)(48)
Accumulated deficit(915)(666)(577)(676)(488)(435)(375)
Stockholders' equity attributable to noncontrolling interest18172524302726
Total stockholders' equity:8,5779,0809,1458,9649,4429,1989,507
TOTAL LIABILITIES AND EQUITY:11,81711,36510,92810,73310,1309,7789,819

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
Revenues2,9152,8472,7542,6692,5612,3822,195
Revenue, net2,6692,5612,3822,050
Cost of revenue(924)(842)(740)(708)(669)(636)(567)
Cost of goods and services sold   (658)(618)(587)(567)
Gross profit:1,9912,0042,0151,9611,8911,7461,629
Operating expenses(636)(585)(602)(537)(517)(514)(509)
Other undisclosed operating loss      (52)
Operating income:1,3551,4191,4121,4231,3741,2321,068
Nonoperating income22282611151792
Investment income, nonoperating2228261915175
Loss from catastrophes   (8)   
Other nonoperating income      94
Interest and debt expense(56)(46)(33)(13)(4)(1)(7)
Income from continuing operations before equity method investments, income taxes:1,3211,4021,4061,4211,3851,2481,153
Income from equity method investments807010376575188
Income from continuing operations before income taxes:1,4011,4721,5101,4971,4421,2991,241
Other undisclosed loss from continuing operations      (91)
Income before gain (loss) on sale of properties:1,4011,4721,5101,4971,4421,2991,150
Other undisclosed net income (loss)(40)54208(49)1819 
Net income:1,3611,5261,7171,4481,4601,3181,150
Net loss attributable to noncontrolling interest      (6)
Other undisclosed net income (loss) attributable to parent(4)(5)(6)(6)(7)(6)1
Net income attributable to parent:1,3571,5211,7111,4421,4541,3111,144
Preferred stock dividends and other adjustments(255)(243)(216)(266)(265)(254) 
Other undisclosed net loss available to common stockholders, basic(4)(5)(6)(5)(5)(4)(236)
Net income available to common stockholders, diluted:1,0981,2731,4891,1721,1841,053908

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:1,3611,5261,7171,4481,4601,3181,150
Other comprehensive income (loss)21(1)1120(27)(20) 
Other undisclosed comprehensive loss      (48)
Comprehensive income:1,3831,5251,7281,4691,4341,2971,102
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(4)(5)(6)(6)(7)(6)6
Other undisclosed comprehensive loss, net of tax, attributable to parent      (12)
Comprehensive income, net of tax, attributable to parent:1,3791,5201,7221,4621,4271,2911,097

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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