PS Business Parks Inc
NYSE:PSB
Income Statement
Earnings Waterfall
PS Business Parks Inc
Revenue
|
443.5m
USD
|
Cost of Revenue
|
-131.8m
USD
|
Gross Profit
|
311.7m
USD
|
Operating Expenses
|
-119.7m
USD
|
Operating Income
|
192.1m
USD
|
Other Expenses
|
298.7m
USD
|
Net Income
|
490.8m
USD
|
Income Statement
PS Business Parks Inc
Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | 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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | |||||||||||||||||||||||||||||||||||||||||
Revenue |
322
N/A
|
333
+3%
|
347
+4%
|
351
+1%
|
353
+1%
|
356
+1%
|
360
+1%
|
367
+2%
|
373
+2%
|
379
+2%
|
377
-1%
|
374
-1%
|
373
0%
|
371
-1%
|
374
+1%
|
377
+1%
|
380
+1%
|
384
+1%
|
387
+1%
|
392
+1%
|
395
+1%
|
398
+1%
|
402
+1%
|
406
+1%
|
408
+0%
|
411
+1%
|
414
+1%
|
418
+1%
|
424
+1%
|
428
+1%
|
430
+0%
|
428
0%
|
421
-2%
|
417
-1%
|
416
0%
|
418
+0%
|
426
+2%
|
433
+2%
|
439
+1%
|
443
+1%
|
|
Gross Profit | |||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(106)
|
(110)
|
(114)
|
(115)
|
(116)
|
(117)
|
(115)
|
(119)
|
(122)
|
(125)
|
(127)
|
(126)
|
(124)
|
(122)
|
(121)
|
(121)
|
(121)
|
(122)
|
(123)
|
(122)
|
(123)
|
(124)
|
(125)
|
(127)
|
(128)
|
(128)
|
(127)
|
(127)
|
(127)
|
(128)
|
(128)
|
(126)
|
(125)
|
(124)
|
(126)
|
(127)
|
(129)
|
(130)
|
(131)
|
(132)
|
|
Gross Profit |
216
N/A
|
222
+3%
|
233
+5%
|
235
+1%
|
237
+1%
|
239
+1%
|
245
+3%
|
248
+1%
|
251
+1%
|
254
+1%
|
250
-2%
|
248
-1%
|
249
+0%
|
249
+0%
|
252
+1%
|
256
+1%
|
259
+1%
|
263
+1%
|
264
+1%
|
269
+2%
|
272
+1%
|
275
+1%
|
277
+1%
|
279
+1%
|
280
+0%
|
283
+1%
|
287
+1%
|
291
+1%
|
296
+2%
|
300
+1%
|
302
+1%
|
302
+0%
|
296
-2%
|
293
-1%
|
290
-1%
|
290
0%
|
297
+2%
|
303
+2%
|
308
+2%
|
312
+1%
|
|
Operating Income | |||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(108)
|
(114)
|
(118)
|
(118)
|
(117)
|
(118)
|
(114)
|
(116)
|
(119)
|
(119)
|
(124)
|
(123)
|
(122)
|
(121)
|
(119)
|
(118)
|
(118)
|
(116)
|
(114)
|
(111)
|
(107)
|
(105)
|
(104)
|
(104)
|
(105)
|
(107)
|
(109)
|
(111)
|
(112)
|
(115)
|
(118)
|
(120)
|
(118)
|
(116)
|
(111)
|
(108)
|
(110)
|
(111)
|
(113)
|
(120)
|
|
Selling, General & Administrative |
(11)
|
(11)
|
(9)
|
(9)
|
(9)
|
(9)
|
(5)
|
(5)
|
(6)
|
(7)
|
(14)
|
(15)
|
(15)
|
(15)
|
(14)
|
(14)
|
(16)
|
(15)
|
(15)
|
(14)
|
(11)
|
(10)
|
(10)
|
(9)
|
(9)
|
(10)
|
(10)
|
(11)
|
(12)
|
(13)
|
(14)
|
(14)
|
(14)
|
(15)
|
(15)
|
(16)
|
(17)
|
(18)
|
(19)
|
(26)
|
|
Depreciation & Amortization |
(97)
|
(103)
|
(109)
|
(109)
|
(109)
|
(108)
|
(109)
|
(110)
|
(112)
|
(112)
|
(110)
|
(108)
|
(107)
|
(106)
|
(105)
|
(104)
|
(102)
|
(101)
|
(99)
|
(98)
|
(96)
|
(95)
|
(94)
|
(95)
|
(96)
|
(97)
|
(99)
|
(100)
|
(101)
|
(102)
|
(104)
|
(106)
|
(104)
|
(101)
|
(96)
|
(93)
|
(92)
|
(93)
|
(94)
|
(94)
|
|
Operating Income |
109
N/A
|
108
0%
|
115
+6%
|
117
+2%
|
119
+2%
|
121
+2%
|
131
+8%
|
132
+1%
|
133
+0%
|
135
+2%
|
126
-7%
|
126
N/A
|
127
+1%
|
128
+1%
|
133
+4%
|
138
+3%
|
141
+2%
|
147
+4%
|
150
+2%
|
158
+5%
|
165
+5%
|
170
+3%
|
173
+2%
|
174
+1%
|
175
+0%
|
176
+1%
|
178
+1%
|
179
+1%
|
184
+3%
|
185
+0%
|
183
-1%
|
182
-1%
|
178
-2%
|
176
-1%
|
179
+2%
|
182
+1%
|
188
+3%
|
192
+3%
|
195
+2%
|
192
-2%
|
|
Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(13)
|
(17)
|
(20)
|
(20)
|
(18)
|
(17)
|
(15)
|
(14)
|
(13)
|
(12)
|
(13)
|
(13)
|
(13)
|
(13)
|
(13)
|
(12)
|
(11)
|
(8)
|
(5)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
1
|
1
|
1
|
2
|
3
|
4
|
4
|
3
|
2
|
0
|
(0)
|
0
|
1
|
(2)
|
(2)
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
92
|
105
|
105
|
121
|
28
|
0
|
0
|
0
|
0
|
4
|
5
|
5
|
8
|
31
|
88
|
88
|
93
|
67
|
8
|
8
|
17
|
36
|
36
|
44
|
27
|
8
|
27
|
49
|
360
|
417
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
16
|
16
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
95
N/A
|
91
-5%
|
94
+4%
|
97
+3%
|
101
+3%
|
104
+3%
|
116
+12%
|
119
+2%
|
120
+1%
|
123
+2%
|
205
+67%
|
217
+6%
|
219
+1%
|
236
+8%
|
149
-37%
|
141
-5%
|
146
+3%
|
138
-5%
|
145
+5%
|
160
+10%
|
170
+6%
|
173
+2%
|
179
+3%
|
204
+14%
|
262
+29%
|
264
+1%
|
272
+3%
|
247
-9%
|
194
-21%
|
196
+1%
|
204
+4%
|
222
+9%
|
218
-2%
|
222
+2%
|
207
-7%
|
189
-8%
|
215
+14%
|
242
+13%
|
553
+128%
|
607
+10%
|
|
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
|
|
Income from Continuing Operations |
95
|
91
|
94
|
97
|
101
|
104
|
116
|
119
|
120
|
123
|
205
|
217
|
219
|
236
|
149
|
141
|
146
|
138
|
145
|
160
|
170
|
173
|
179
|
204
|
262
|
264
|
272
|
247
|
194
|
196
|
204
|
222
|
218
|
222
|
207
|
189
|
215
|
242
|
553
|
607
|
|
Income to Minority Interest |
(9)
|
(6)
|
(6)
|
(8)
|
(10)
|
(11)
|
(13)
|
(13)
|
(13)
|
(14)
|
(31)
|
(34)
|
(34)
|
(37)
|
(19)
|
(17)
|
(18)
|
(17)
|
(17)
|
(20)
|
(23)
|
(22)
|
(24)
|
(29)
|
(41)
|
(43)
|
(45)
|
(40)
|
(30)
|
(30)
|
(29)
|
(33)
|
(32)
|
(33)
|
(33)
|
(29)
|
(35)
|
(40)
|
(104)
|
(116)
|
|
Net Income (Common) |
89
N/A
|
85
-4%
|
89
+5%
|
91
+2%
|
92
+1%
|
94
+2%
|
103
+10%
|
106
+3%
|
107
+1%
|
109
+2%
|
174
+59%
|
184
+6%
|
185
+1%
|
199
+7%
|
131
-34%
|
124
-5%
|
127
+3%
|
121
-5%
|
128
+6%
|
139
+9%
|
147
+6%
|
151
+3%
|
155
+2%
|
175
+13%
|
221
+27%
|
222
+0%
|
227
+2%
|
207
-9%
|
164
-20%
|
166
+1%
|
175
+6%
|
189
+8%
|
185
-2%
|
189
+2%
|
174
-8%
|
160
-8%
|
180
+13%
|
202
+12%
|
449
+122%
|
491
+9%
|
|
EPS (Diluted) |
3.65
N/A
|
3.48
-5%
|
3.65
+5%
|
3.72
+2%
|
3.75
+1%
|
3.84
+2%
|
3.97
+3%
|
3.93
-1%
|
3.97
+1%
|
4.05
+2%
|
6.44
+59%
|
6.81
+6%
|
6.86
+1%
|
7.37
+7%
|
4.82
-35%
|
4.58
-5%
|
4.68
+2%
|
4.46
-5%
|
4.71
+6%
|
5.13
+9%
|
5.37
+5%
|
5.52
+3%
|
5.64
+2%
|
6.4
+13%
|
8.07
+26%
|
8.09
+0%
|
8.24
+2%
|
7.51
-9%
|
5.98
-20%
|
6.02
+1%
|
6.34
+5%
|
6.86
+8%
|
6.71
-2%
|
6.83
+2%
|
6.29
-8%
|
5.79
-8%
|
6.51
+12%
|
7.3
+12%
|
16.21
+122%
|
17.72
+9%
|