Public Storage
NYSE:PSA
Income Statement
Earnings Waterfall
Public Storage
Revenue
|
4.5B
USD
|
Cost of Revenue
|
-1.1B
USD
|
Gross Profit
|
3.4B
USD
|
Operating Expenses
|
-1B
USD
|
Operating Income
|
2.3B
USD
|
Other Expenses
|
-373.6m
USD
|
Net Income
|
1.9B
USD
|
Income Statement
Public Storage
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 |
1 965
N/A
|
2 014
+2%
|
2 066
+3%
|
2 121
+3%
|
2 177
+3%
|
2 236
+3%
|
2 287
+2%
|
2 339
+2%
|
2 382
+2%
|
2 429
+2%
|
2 474
+2%
|
2 518
+2%
|
2 561
+2%
|
2 594
+1%
|
2 624
+1%
|
2 648
+1%
|
2 669
+1%
|
2 693
+1%
|
2 714
+1%
|
2 734
+1%
|
2 760
+1%
|
2 779
+1%
|
2 804
+1%
|
2 827
+1%
|
2 855
+1%
|
2 882
+1%
|
2 881
0%
|
2 882
+0%
|
2 915
+1%
|
2 966
+2%
|
3 086
+4%
|
3 251
+5%
|
3 416
+5%
|
3 622
+6%
|
3 825
+6%
|
4 018
+5%
|
4 182
+4%
|
4 303
+3%
|
4 391
+2%
|
4 446
+1%
|
4 518
+2%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(560)
|
(584)
|
(592)
|
(603)
|
(613)
|
(615)
|
(625)
|
(631)
|
(636)
|
(637)
|
(648)
|
(662)
|
(669)
|
(679)
|
(689)
|
(701)
|
(708)
|
(718)
|
(726)
|
(731)
|
(757)
|
(768)
|
(785)
|
(802)
|
(813)
|
(828)
|
(846)
|
(851)
|
(868)
|
(877)
|
(870)
|
(889)
|
(921)
|
(953)
|
(990)
|
(1 030)
|
(1 053)
|
(1 080)
|
(1 105)
|
(1 117)
|
(1 148)
|
|
Gross Profit |
1 405
N/A
|
1 430
+2%
|
1 475
+3%
|
1 519
+3%
|
1 564
+3%
|
1 622
+4%
|
1 662
+2%
|
1 707
+3%
|
1 746
+2%
|
1 792
+3%
|
1 827
+2%
|
1 857
+2%
|
1 892
+2%
|
1 916
+1%
|
1 935
+1%
|
1 946
+1%
|
1 961
+1%
|
1 975
+1%
|
1 988
+1%
|
2 003
+1%
|
2 002
0%
|
2 010
+0%
|
2 019
+0%
|
2 025
+0%
|
2 042
+1%
|
2 054
+1%
|
2 035
-1%
|
2 031
0%
|
2 048
+1%
|
2 089
+2%
|
2 216
+6%
|
2 361
+7%
|
2 495
+6%
|
2 669
+7%
|
2 835
+6%
|
2 988
+5%
|
3 129
+5%
|
3 223
+3%
|
3 286
+2%
|
3 330
+1%
|
3 370
+1%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(451)
|
(470)
|
(487)
|
(501)
|
(504)
|
(503)
|
(505)
|
(501)
|
(496)
|
(495)
|
(496)
|
(502)
|
(510)
|
(518)
|
(518)
|
(522)
|
(530)
|
(544)
|
(570)
|
(586)
|
(580)
|
(570)
|
(562)
|
(556)
|
(567)
|
(584)
|
(600)
|
(613)
|
(626)
|
(637)
|
(678)
|
(737)
|
(808)
|
(889)
|
(937)
|
(970)
|
(999)
|
(1 001)
|
(1 000)
|
(1 018)
|
(1 047)
|
|
Selling, General & Administrative |
(64)
|
(65)
|
(66)
|
(65)
|
(66)
|
(68)
|
(70)
|
(71)
|
(70)
|
(71)
|
(71)
|
(74)
|
(76)
|
(79)
|
(75)
|
(76)
|
(76)
|
(83)
|
(98)
|
(104)
|
(97)
|
(83)
|
(67)
|
(57)
|
(55)
|
(57)
|
(63)
|
(67)
|
(73)
|
(72)
|
(79)
|
(87)
|
(95)
|
(100)
|
(102)
|
(103)
|
(111)
|
(113)
|
(109)
|
(109)
|
(77)
|
|
Depreciation & Amortization |
(387)
|
(405)
|
(421)
|
(435)
|
(437)
|
(435)
|
(435)
|
(430)
|
(426)
|
(424)
|
(425)
|
(428)
|
(433)
|
(439)
|
(442)
|
(446)
|
(455)
|
(462)
|
(471)
|
(482)
|
(484)
|
(488)
|
(495)
|
(499)
|
(513)
|
(527)
|
(538)
|
(547)
|
(553)
|
(564)
|
(599)
|
(650)
|
(713)
|
(789)
|
(835)
|
(867)
|
(888)
|
(888)
|
(891)
|
(909)
|
(970)
|
|
Operating Income |
954
N/A
|
959
+1%
|
988
+3%
|
1 018
+3%
|
1 061
+4%
|
1 119
+5%
|
1 156
+3%
|
1 206
+4%
|
1 250
+4%
|
1 297
+4%
|
1 331
+3%
|
1 355
+2%
|
1 382
+2%
|
1 397
+1%
|
1 418
+1%
|
1 424
+0%
|
1 430
+0%
|
1 431
+0%
|
1 418
-1%
|
1 417
0%
|
1 422
+0%
|
1 440
+1%
|
1 457
+1%
|
1 469
+1%
|
1 475
+0%
|
1 470
0%
|
1 434
-2%
|
1 418
-1%
|
1 421
+0%
|
1 453
+2%
|
1 538
+6%
|
1 625
+6%
|
1 687
+4%
|
1 780
+6%
|
1 898
+7%
|
2 018
+6%
|
2 130
+6%
|
2 222
+4%
|
2 285
+3%
|
2 312
+1%
|
2 322
+0%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
102
|
112
|
100
|
79
|
92
|
91
|
91
|
93
|
67
|
53
|
64
|
63
|
85
|
96
|
72
|
62
|
32
|
31
|
95
|
108
|
114
|
122
|
70
|
79
|
58
|
60
|
40
|
(16)
|
(51)
|
(25)
|
(17)
|
64
|
265
|
262
|
392
|
424
|
104
|
20
|
(119)
|
(176)
|
(147)
|
|
Non-Reccuring Items |
(3)
|
(2)
|
(3)
|
(4)
|
(5)
|
(9)
|
(12)
|
(17)
|
(18)
|
(16)
|
(13)
|
(9)
|
(7)
|
(6)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
143
|
141
|
142
|
143
|
(8)
|
(6)
|
(6)
|
(6)
|
(10)
|
(9)
|
(10)
|
(12)
|
(6)
|
(5)
|
(4)
|
2 128
|
2 125
|
2 125
|
2 124
|
(4)
|
(30)
|
|
Gain/Loss on Disposition of Assets |
4
|
0
|
6
|
7
|
3
|
4
|
20
|
19
|
19
|
18
|
1
|
1
|
1
|
0
|
1
|
1
|
1
|
2
|
1
|
2
|
38
|
38
|
38
|
36
|
0
|
1
|
1
|
0
|
2
|
10
|
14
|
14
|
14
|
4
|
0
|
2
|
2
|
0
|
0
|
0
|
17
|
|
Total Other Income |
0
|
4
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(8)
|
(8)
|
(8)
|
(8)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
5
|
4
|
4
|
0
|
8
|
|
Pre-Tax Income |
1 058
N/A
|
1 074
+2%
|
1 090
+2%
|
1 100
+1%
|
1 150
+5%
|
1 205
+5%
|
1 255
+4%
|
1 301
+4%
|
1 318
+1%
|
1 352
+3%
|
1 382
+2%
|
1 410
+2%
|
1 460
+4%
|
1 487
+2%
|
1 484
0%
|
1 473
-1%
|
1 449
-2%
|
1 449
+0%
|
1 499
+3%
|
1 520
+1%
|
1 717
+13%
|
1 741
+1%
|
1 707
-2%
|
1 727
+1%
|
1 526
-12%
|
1 525
0%
|
1 469
-4%
|
1 396
-5%
|
1 361
-2%
|
1 428
+5%
|
1 524
+7%
|
1 690
+11%
|
1 960
+16%
|
2 042
+4%
|
2 287
+12%
|
4 573
+100%
|
4 366
-5%
|
4 370
+0%
|
4 295
-2%
|
2 133
-50%
|
2 171
+2%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
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
|
0
|
0
|
0
|
(11)
|
|
Income from Continuing Operations |
1 058
|
1 074
|
1 090
|
1 100
|
1 150
|
1 205
|
1 255
|
1 301
|
1 318
|
1 352
|
1 382
|
1 410
|
1 460
|
1 487
|
1 484
|
1 473
|
1 449
|
1 449
|
1 499
|
1 520
|
1 717
|
1 741
|
1 707
|
1 727
|
1 526
|
1 525
|
1 469
|
1 396
|
1 361
|
1 428
|
1 524
|
1 690
|
1 960
|
2 042
|
2 287
|
4 573
|
4 366
|
4 370
|
4 295
|
2 133
|
2 160
|
|
Income to Minority Interest |
(5)
|
(5)
|
(5)
|
(5)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(5)
|
(5)
|
(5)
|
(4)
|
(4)
|
(4)
|
(5)
|
(5)
|
(6)
|
(8)
|
(9)
|
(17)
|
(17)
|
(17)
|
(18)
|
(12)
|
(12)
|
|
Net Income (Common) |
845
N/A
|
857
+1%
|
868
+1%
|
868
+0%
|
908
+5%
|
947
+4%
|
992
+5%
|
1 034
+4%
|
1 053
+2%
|
1 082
+3%
|
1 099
+2%
|
1 134
+3%
|
1 184
+4%
|
1 224
+3%
|
1 220
0%
|
1 190
-2%
|
1 172
-2%
|
1 178
+1%
|
1 250
+6%
|
1 293
+3%
|
1 489
+15%
|
1 503
+1%
|
1 461
-3%
|
1 476
+1%
|
1 273
-14%
|
1 284
+1%
|
1 224
-5%
|
1 133
-7%
|
1 098
-3%
|
1 171
+7%
|
1 271
+9%
|
1 467
+15%
|
1 732
+18%
|
1 811
+5%
|
2 068
+14%
|
4 338
+110%
|
4 142
-5%
|
4 146
+0%
|
4 071
-2%
|
1 922
-53%
|
1 949
+1%
|
|
EPS (Diluted) |
4.89
N/A
|
4.96
+1%
|
5.02
+1%
|
5.02
N/A
|
5.25
+5%
|
5.47
+4%
|
5.73
+5%
|
5.97
+4%
|
6.07
+2%
|
6.23
+3%
|
6.32
+1%
|
6.52
+3%
|
6.81
+4%
|
7.04
+3%
|
7.02
0%
|
6.85
-2%
|
6.73
-2%
|
6.77
+1%
|
7.18
+6%
|
7.42
+3%
|
8.54
+15%
|
8.62
+1%
|
8.38
-3%
|
8.46
+1%
|
7.29
-14%
|
7.35
+1%
|
7
-5%
|
6.48
-7%
|
6.29
-3%
|
6.7
+7%
|
7.24
+8%
|
8.34
+15%
|
9.87
+18%
|
10.26
+4%
|
11.74
+14%
|
24.6
+110%
|
23.5
-4%
|
23.52
+0%
|
23.09
-2%
|
10.91
-53%
|
11.06
+1%
|