Public Storage
Income Statement
| Line Item | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.76B | $2.67B | $2.56B | $2.38B | $2.18B | $1.96B | $1.84B | $1.74B |
| Cost of Revenue | $739.7M | $708.0M | $669.1M | $635.5M | $613.3M | $559.8M | — | — |
| Gross Profit | $2.01B | $1.96B | $1.89B | $1.75B | $1.56B | $1.41B | — | — |
| Gross Margin | 73.0% | 73.5% | 73.9% | 73.3% | 71.8% | 71.5% | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $104.7M | $82.9M | $83.7M | $88.2M | $71.5M | $66.7M | $56.8M | $52.4M |
| Operating Income | $1.38B | $1.42B | $1.37B | $1.23B | $1.06B | $951.1M | $872.0M | $762.8M |
| Operating Margin | 50.1% | 53.3% | 53.7% | 51.7% | 48.5% | 48.4% | 47.3% | 43.9% |
| Interest Expense | $32.5M | $12.7M | $4.2M | $610.0K | $6.8M | $6.4M | $19.8M | $24.2M |
| Pretax Income | — | — | — | — | — | — | — | $774.0M |
| Income Tax Expense | — | $0 | $0 | $0 | $0 | $0 | — | — |
| Net Income | $1.71B | $1.44B | $1.45B | $1.31B | $1.14B | $1.05B | $939.3M | $823.8M |
| Net Margin | 62.0% | 54.0% | 56.8% | 55.1% | 52.6% | 53.6% | 51.0% | 47.5% |
| EPS (Basic) | $8.56 | $6.75 | $6.84 | $6.10 | $5.27 | $4.92 | $3.93 | $3.31 |
| EPS (Diluted) | $8.54 | $6.73 | $6.81 | $6.07 | $5.25 | $4.89 | $3.90 | $3.29 |
| Shares Outstanding (Basic) | 174.0M | 173.6M | 173.1M | 172.7M | 172.3M | 171.6M | 170.6M | 169.7M |
| Shares Outstanding (Diluted) | 174.3M | 174.2M | 173.9M | 173.5M | 173.1M | 172.7M | 171.7M | 170.8M |
| Dividends Per Share | $8.00 | $8.00 | $7.30 | $6.50 | $5.60 | $5.15 | $4.40 | $3.65 |