Public Storage
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Public Storage's past years’ income statements indicate that its last revenue has increased compared to the previous period by 8% to $4,517,690,000. The net income dropped to $2,148,327,000 and profit margin reached 48%. Total operating expenses were $80,632,000.
Profit Margin
| 2014 | 2.17B | 1.14B | 52.55% |
|---|---|---|---|
| 2015 | 2.38B | 1.31B | 55.06% |
| 2016 | 2.56B | 1.45B | 56.77% |
| 2017 | 2.66B | 1.44B | 54.05% |
| 2018 | 2.75B | 1.71B | 62.12% |
| 2019 | 2.84B | 1.52B | 53.41% |
| 2020 | 2.91B | 1.35B | 46.56% |
| 2021 | 3.41B | 1.95B | 57.18% |
| 2022 | 4.18B | 6.57B | 157.28% |
| 2023 | 4.51B | 2.14B | 47.55% |
PSA Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 4.51B | 4.18B | 3.41B | 2.91B | 2.84B | 2.75B | 2.66B | 2.56B | 2.38B | 2.17B |
Cost of revenue | 1.16B | 1.05B | 920.59M | 867.46M | 796.78M | 739.72M | 707.97M | 669.08M | 635.50M | 613.32M |
Gross profit | 3.35B | 3.12B | 2.49B | 2.04B | 2.05B | 2.01B | 1.96B | 1.89B | 1.74B | 1.56B |
Operating exp. | ||||||||||
Research and development | 0 | 17.54M | 8.40M | 10.83M | 6.85M | 5.44M | 8.19M | 9.72M | 10.00M | 10.61M |
Selling and marketing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total operating expenses | 80.63M | 1.00B | 814.68M | 636.45M | 584.90M | 602.36M | 537.40M | 516.97M | 514.18M | 508.57M |
Operating income | 3.30B | 2.27B | 1.92B | 1.41B | 1.56B | 1.41B | 1.42B | 1.37B | 1.23B | 1.05B |
Other income (expenses), net | -1.13B | 2.09B | 34.69M | -521.19M | -37.47M | 311.13M | 25.32M | 75.01M | 85.68M | 94.55M |
Income before tax | 2.17B | 4.36B | 1.95B | 1.36B | 1.52B | 1.71B | 1.44B | 1.46B | 1.31B | 1.14B |
Income tax expense | 10.82M | -2.21B | 329.24M | 0 | 120.30M | 337.57M | 0 | 67.82M | 0 | 0 |
Net income | 2.14B | 6.57B | 1.95B | 1.35B | 1.52B | 1.71B | 1.44B | 1.45B | 1.31B | 1.14B |
Earnings per share | ||||||||||
Basic EPS | 11.11 | 37.53 | 9.91 | 6.29 | 7.3 | 9.84 | 6.75 | 6.84 | 6.1 | 5.27 |
Diluted EPS | 11.06 | 37.31 | 9.87 | 6.29 | 7.29 | 9.82 | 6.73 | 6.81 | 6.07 | 5.25 |
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