Extra Space Storage Inc
NYSE:EXR
Income Statement
Earnings Waterfall
Extra Space Storage Inc
Revenue
|
2.6B
USD
|
Cost of Revenue
|
-638.1m
USD
|
Gross Profit
|
1.9B
USD
|
Operating Expenses
|
-685.3m
USD
|
Operating Income
|
1.2B
USD
|
Other Expenses
|
-434.9m
USD
|
Net Income
|
802m
USD
|
Income Statement
Extra Space Storage Inc
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
521
N/A
|
554
+6%
|
588
+6%
|
624
+6%
|
647
+4%
|
670
+4%
|
696
+4%
|
724
+4%
|
782
+8%
|
839
+7%
|
897
+7%
|
957
+7%
|
992
+4%
|
1 026
+3%
|
1 057
+3%
|
1 084
+3%
|
1 105
+2%
|
1 128
+2%
|
1 148
+2%
|
1 171
+2%
|
1 197
+2%
|
1 223
+2%
|
1 250
+2%
|
1 280
+2%
|
1 309
+2%
|
1 329
+2%
|
1 333
+0%
|
1 339
+0%
|
1 356
+1%
|
1 383
+2%
|
1 434
+4%
|
1 504
+5%
|
1 577
+5%
|
1 662
+5%
|
1 759
+6%
|
1 845
+5%
|
1 924
+4%
|
1 984
+3%
|
2 020
+2%
|
2 269
+12%
|
2 560
+13%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(149)
|
(159)
|
(168)
|
(177)
|
(183)
|
(187)
|
(194)
|
(200)
|
(217)
|
(232)
|
(247)
|
(261)
|
(253)
|
(271)
|
(275)
|
(286)
|
(277)
|
(299)
|
(307)
|
(311)
|
(301)
|
(325)
|
(334)
|
(349)
|
(340)
|
(377)
|
(385)
|
(388)
|
(359)
|
(390)
|
(390)
|
(390)
|
(379)
|
(409)
|
(425)
|
(450)
|
(450)
|
(485)
|
(497)
|
(576)
|
(638)
|
|
Gross Profit |
372
N/A
|
395
+6%
|
420
+6%
|
447
+6%
|
464
+4%
|
483
+4%
|
502
+4%
|
524
+4%
|
565
+8%
|
606
+7%
|
650
+7%
|
696
+7%
|
739
+6%
|
755
+2%
|
782
+4%
|
799
+2%
|
828
+4%
|
829
+0%
|
842
+2%
|
860
+2%
|
895
+4%
|
898
+0%
|
915
+2%
|
931
+2%
|
968
+4%
|
953
-2%
|
948
0%
|
951
+0%
|
997
+5%
|
993
0%
|
1 044
+5%
|
1 113
+7%
|
1 198
+8%
|
1 253
+5%
|
1 333
+6%
|
1 395
+5%
|
1 475
+6%
|
1 499
+2%
|
1 523
+2%
|
1 693
+11%
|
1 922
+14%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(149)
|
(158)
|
(165)
|
(173)
|
(176)
|
(181)
|
(186)
|
(188)
|
(201)
|
(221)
|
(237)
|
(256)
|
(277)
|
(266)
|
(270)
|
(272)
|
(287)
|
(277)
|
(282)
|
(287)
|
(307)
|
(295)
|
(299)
|
(305)
|
(334)
|
(309)
|
(314)
|
(316)
|
(349)
|
(325)
|
(330)
|
(335)
|
(363)
|
(360)
|
(374)
|
(392)
|
(437)
|
(420)
|
(447)
|
(533)
|
(685)
|
|
Selling, General & Administrative |
(54)
|
(57)
|
(59)
|
(61)
|
(61)
|
(64)
|
(65)
|
(66)
|
(68)
|
(75)
|
(79)
|
(82)
|
(95)
|
(77)
|
(79)
|
(79)
|
(93)
|
(82)
|
(82)
|
(82)
|
(97)
|
(83)
|
(84)
|
(87)
|
(115)
|
(90)
|
(92)
|
(93)
|
(125)
|
(97)
|
(98)
|
(99)
|
(121)
|
(108)
|
(113)
|
(121)
|
(149)
|
(134)
|
(138)
|
(143)
|
(179)
|
|
Depreciation & Amortization |
(95)
|
(101)
|
(106)
|
(112)
|
(115)
|
(117)
|
(120)
|
(122)
|
(134)
|
(146)
|
(158)
|
(174)
|
(183)
|
(189)
|
(192)
|
(193)
|
(193)
|
(196)
|
(201)
|
(205)
|
(209)
|
(212)
|
(215)
|
(218)
|
(220)
|
(221)
|
(222)
|
(222)
|
(224)
|
(228)
|
(231)
|
(236)
|
(242)
|
(251)
|
(261)
|
(271)
|
(288)
|
(299)
|
(309)
|
(390)
|
(506)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
13
|
0
|
0
|
0
|
|
Operating Income |
222
N/A
|
238
+7%
|
256
+8%
|
275
+8%
|
288
+5%
|
302
+5%
|
316
+5%
|
336
+6%
|
364
+8%
|
386
+6%
|
413
+7%
|
440
+7%
|
462
+5%
|
488
+6%
|
511
+5%
|
527
+3%
|
542
+3%
|
551
+2%
|
560
+2%
|
573
+2%
|
589
+3%
|
604
+2%
|
617
+2%
|
626
+1%
|
634
+1%
|
644
+2%
|
634
-1%
|
635
+0%
|
648
+2%
|
668
+3%
|
715
+7%
|
778
+9%
|
835
+7%
|
893
+7%
|
959
+7%
|
1 003
+5%
|
1 038
+3%
|
1 079
+4%
|
1 076
0%
|
1 161
+8%
|
1 237
+7%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(10)
|
(15)
|
(15)
|
(19)
|
(63)
|
(61)
|
(67)
|
(67)
|
(76)
|
(61)
|
(70)
|
(44)
|
(45)
|
(77)
|
(82)
|
(127)
|
(137)
|
(142)
|
(149)
|
(155)
|
(163)
|
(171)
|
(175)
|
(175)
|
(173)
|
(167)
|
(159)
|
(151)
|
(135)
|
(117)
|
(95)
|
(80)
|
(78)
|
(71)
|
(80)
|
(88)
|
(108)
|
(144)
|
(174)
|
(241)
|
(298)
|
|
Non-Reccuring Items |
(18)
|
(20)
|
(20)
|
(9)
|
(10)
|
(9)
|
(12)
|
(12)
|
(69)
|
(73)
|
(71)
|
(73)
|
(12)
|
(8)
|
(5)
|
(3)
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
0
|
0
|
0
|
18
|
82
|
82
|
82
|
141
|
77
|
90
|
90
|
13
|
0
|
(0)
|
(54)
|
(67)
|
|
Gain/Loss on Disposition of Assets |
1
|
0
|
(8)
|
(10)
|
(12)
|
0
|
(4)
|
(0)
|
2
|
0
|
11
|
10
|
9
|
10
|
(7)
|
(7)
|
113
|
0
|
0
|
150
|
31
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
(12)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
113
|
119
|
0
|
0
|
31
|
31
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
196
N/A
|
204
+4%
|
213
+5%
|
237
+11%
|
204
-14%
|
220
+8%
|
234
+6%
|
258
+10%
|
221
-14%
|
252
+14%
|
283
+12%
|
333
+18%
|
413
+24%
|
414
+0%
|
417
+1%
|
389
-7%
|
518
+33%
|
522
+1%
|
530
+1%
|
568
+7%
|
456
-20%
|
464
+2%
|
474
+2%
|
452
-5%
|
462
+2%
|
477
+3%
|
476
0%
|
484
+2%
|
531
+10%
|
633
+19%
|
702
+11%
|
780
+11%
|
898
+15%
|
899
+0%
|
969
+8%
|
1 005
+4%
|
942
-6%
|
934
-1%
|
902
-3%
|
865
-4%
|
872
+1%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(10)
|
(11)
|
(11)
|
(8)
|
(8)
|
(7)
|
(6)
|
(10)
|
(11)
|
(12)
|
(13)
|
(14)
|
(16)
|
(16)
|
(15)
|
(14)
|
(12)
|
(11)
|
(10)
|
(9)
|
(9)
|
(10)
|
(10)
|
(12)
|
(11)
|
(12)
|
(12)
|
(13)
|
(14)
|
(16)
|
(18)
|
(20)
|
(20)
|
(19)
|
(20)
|
(20)
|
(21)
|
(22)
|
(23)
|
(23)
|
(22)
|
|
Income from Continuing Operations |
186
|
193
|
202
|
229
|
196
|
213
|
228
|
247
|
210
|
240
|
269
|
318
|
397
|
397
|
401
|
375
|
506
|
511
|
520
|
559
|
447
|
454
|
464
|
440
|
451
|
465
|
464
|
472
|
518
|
617
|
684
|
760
|
878
|
880
|
949
|
986
|
921
|
912
|
880
|
843
|
850
|
|
Income to Minority Interest |
(13)
|
(15)
|
(17)
|
(18)
|
(18)
|
(19)
|
(20)
|
(21)
|
(20)
|
(22)
|
(23)
|
(26)
|
(31)
|
(32)
|
(32)
|
(30)
|
(35)
|
(35)
|
(36)
|
(38)
|
(32)
|
(32)
|
(32)
|
(31)
|
(31)
|
(32)
|
(32)
|
(34)
|
(36)
|
(40)
|
(43)
|
(45)
|
(50)
|
(52)
|
(57)
|
(61)
|
(61)
|
(59)
|
(56)
|
(51)
|
(47)
|
|
Net Income (Common) |
171
N/A
|
177
+3%
|
184
+4%
|
209
+14%
|
178
-15%
|
194
+9%
|
208
+7%
|
225
+8%
|
189
-16%
|
218
+15%
|
245
+13%
|
292
+19%
|
365
+25%
|
365
0%
|
369
+1%
|
345
-7%
|
478
+39%
|
484
+1%
|
492
+2%
|
529
+7%
|
415
-22%
|
421
+2%
|
431
+2%
|
409
-5%
|
419
+3%
|
433
+3%
|
431
0%
|
437
+2%
|
481
+10%
|
576
+20%
|
641
+11%
|
714
+11%
|
827
+16%
|
827
+0%
|
891
+8%
|
924
+4%
|
860
-7%
|
852
-1%
|
823
-3%
|
790
-4%
|
802
+2%
|
|
EPS (Diluted) |
1.51
N/A
|
1.46
-3%
|
1.51
+3%
|
1.72
+14%
|
1.46
-15%
|
1.58
+8%
|
1.66
+5%
|
1.72
+4%
|
1.48
-14%
|
1.74
+18%
|
1.71
-2%
|
2.17
+27%
|
2.91
+34%
|
2.75
-5%
|
2.77
+1%
|
2.59
-6%
|
3.56
+37%
|
3.64
+2%
|
3.61
-1%
|
3.94
+9%
|
3.11
-21%
|
3.14
+1%
|
3.17
+1%
|
2.97
-6%
|
3.07
+3%
|
3.15
+3%
|
3.32
+5%
|
3.37
+2%
|
3.71
+10%
|
4.12
+11%
|
4.56
+11%
|
5.08
+11%
|
5.9
+16%
|
5.84
-1%
|
6.24
+7%
|
6.52
+4%
|
6.06
-7%
|
5.96
-2%
|
5.73
-4%
|
4.04
-29%
|
4.74
+17%
|