Extra Space Storage Inc.
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.11B | $991.9M | $782.3M | $647.2M | $520.6M | $409.4M | $329.8M | $281.5M |
| Cost of Revenue | $272.0M | $250.0M | $204.0M | $172.4M | $140.0M | $114.0M | $95.5M | $86.2M |
| Gross Profit | $833.0M | $741.9M | $578.3M | $474.7M | $380.6M | $295.4M | $234.3M | $195.3M |
| Gross Margin | 75.4% | 74.8% | 73.9% | 73.4% | 73.1% | 72.1% | 71.1% | 69.4% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $79.0M | $81.8M | $67.8M | $60.9M | $54.2M | $50.5M | $49.7M | $44.4M |
| Operating Income | $654.4M | $458.3M | $294.7M | $278.5M | $213.5M | $157.2M | $115.5M | $90.8M |
| Operating Margin | 59.2% | 46.2% | 37.7% | 43.0% | 41.0% | 38.4% | 35.0% | 32.3% |
| Interest Expense | $153.5M | $133.5M | $95.7M | $81.3M | $71.6M | $71.9M | $67.3M | $64.1M |
| Pretax Income | $502.5M | $330.8M | $205.5M | $188.9M | $137.9M | $91.6M | $52.3M | $30.8M |
| Income Tax Expense | $3.6M | $15.8M | $11.1M | $7.6M | $10.0M | $5.4M | $1.2M | $4.2M |
| Net Income | $479.0M | $366.1M | $189.5M | $178.4M | $172.1M | $117.3M | $50.4M | $26.3M |
| Net Margin | 43.3% | 36.9% | 24.2% | 27.6% | 33.1% | 28.7% | 15.3% | 9.4% |
| EPS (Basic) | $3.79 | $2.92 | $1.58 | $1.54 | $1.54 | $1.15 | $0.55 | $0.30 |
| EPS (Diluted) | $3.76 | $2.91 | $1.56 | $1.53 | $1.53 | $1.14 | $0.54 | $0.30 |
| Shares Outstanding (Basic) | 126.0M | 125.1M | 119.8M | 115.7M | 111.3M | 101.8M | 91.3M | 87.3M |
| Shares Outstanding (Diluted) | 134.2M | 125.9M | 126.9M | 121.4M | 113.1M | 103.8M | 93.6M | 92.1M |
| Dividends Per Share | $3.12 | $2.93 | $2.24 | $1.81 | $1.45 | $0.85 | $0.56 | $0.40 |