← Extra Space Storage Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income From Continuing Operations | — | — | — | — | — | — | $921.2m | $850.5m | $900.2m | $1.0b | |
| Net Income (Loss) Attributable to Parent | $366.1m | $479.0m | $415.3m | $420.0m | $481.8m | $827.6m | $860.7m | $803.2m | $854.7m | $974.0m | |
| Net Income (Loss) Available to Common Stockholders, Basic | $365.3m | $478.0m | $414.6m | $419.3m | $481.1m | $826.5m | $859.5m | $802.0m | $853.2m | $972.3m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $397.1m | $514.2m | $447.1m | $451.1m | $517.6m | $877.8m | $921.2m | $850.5m | $900.2m | $1.0b | |
| Depreciation, Depletion and Amortization | $182.6m | $193.3m | $209.1m | $219.9m | $224.4m | $241.9m | $288.3m | $506.1m | $783.0m | $715.2m | |
| Amortization of Debt Issuance Costs | $12.9m | $12.3m | $14.3m | $12.0m | $9.4m | $10.6m | $8.8m | $18.9m | $16.7m | $11.9m | |
| Amortization of Intangible Assets | $21.1m | $14.3m | $9.1m | $6.6m | $2.3m | $4.8m | $14.0m | $59.8m | $114.6m | $21.2m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $288.3m | $506.1m | $783.0m | $715.2m | |
| Deferred Income Tax Expense (Benefit) | ($836k) | $2.2m | $3.7m | $1.9m | $655k | $904k | $1.8m | ($3.2m) | ($1.4m) | $3.7m | |
| Share-based Payment Arrangement, Noncash Expense | $8.0m | $9.6m | $11.2m | $13.1m | $16.3m | $17.3m | $21.4m | $26.6m | $22.9m | $35.5m | |
| Asset Impairment Charge | — | — | — | — | — | — | $0 | $0 | $51.8m | $0 | |
| Income (Loss) from Equity Method Investments | $12.9m | $15.3m | $14.5m | $11.3m | — | — | — | $54.8m | $67.3m | $68.8m | |
| Income Tax Expense (Benefit) | $15.8m | $3.6m | $9.2m | $11.3m | $13.8m | $20.3m | $20.9m | $21.6m | $33.5m | $41.6m | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | — | $0 | $0 | ($13.7m) | ($54.5m) | |
| Income (Loss) from Equity Method Investments, Net of Dividends or Distributions | ($3.5m) | ($4.6m) | ($6.9m) | ($6.4m) | ($6.9m) | ($7.0m) | ($13.2m) | ($20.1m) | ($30.7m) | ($29.2m) | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Other Operating Assets | $3.0m | $14.7m | $1.7m | $12.5m | $19.7m | $23.9m | $1.2m | $32.5m | $12.0m | ($21.2m) | |
| Payments of Financing Costs | $17.5m | $19.9m | $12.3m | $3.0m | $4.1m | $10.7m | $9.3m | $39.4m | $23.1m | $32.4m | |
| General and Administrative Expense | $81.8m | $79.0m | $81.3m | $89.4m | $96.6m | $102.2m | $129.3m | $146.4m | $167.4m | $186.3m | |
| Goodwill | — | — | — | — | — | — | $170.8m | $170.8m | $170.8m | $170.8m | |
| Investment Income, Interest | $6.1m | $3.8m | $5.3m | $7.5m | $15.2m | $49.7m | $69.4m | $84.9m | $124.4m | $163.2m | |
| Proceeds from Stock Options Exercised | $1.4m | $1.3m | $1.2m | $3.1m | $4.8m | $4.6m | $0 | $0 | — | — | |
| Beginning Cash Position | — | — | — | — | — | — | $76.2m | $97.7m | $105.1m | $143.3m | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | $431.9m | $423.1m | ($202.3m) | ($1.0b) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($1.6b) | ($1.8b) | ($1.6b) | ($814.2m) | |
| Change In Other Current Assets | — | — | — | — | — | — | $695k | ($34.5m) | ($15.5m) | $21.2m | |
| Change In Other Current Liabilities | — | — | — | — | — | — | $8.3m | ($2.9m) | $62.8m | ($42.3m) | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $29.0m | $35.0m | $964k | $7.3m | |
| Change In Working Capital | — | — | — | — | — | — | $38.0m | ($2.4m) | $48.2m | ($13.9m) | |
| Changes In Cash | — | — | — | — | — | — | $21.5m | $7.3m | $38.2m | ($123k) | |
| End Cash Position | — | — | — | — | — | — | $97.7m | $105.1m | $143.3m | $143.2m | |
| Financing Cash Flow | — | — | — | — | — | — | $431.9m | $423.1m | ($202.3m) | ($1.0b) | |
| Free Cash Flow | — | — | — | — | — | — | $1.2b | $1.4b | $1.9b | $1.8b | |
| Gain Loss On Investment Securities | — | — | — | — | — | ($140.8m) | ($14.2m) | — | $25.9m | $76.3m | |
| Investing Cash Flow | — | — | — | — | — | — | ($1.6b) | ($1.8b) | ($1.6b) | ($814.2m) | |
| Issuance Of Capital Stock | — | — | — | — | — | — | $0 | $0 | $365k | $0 | |
| Net Business Purchase And Sale | — | — | — | — | — | — | ($275.9m) | ($1.4b) | ($286.5m) | $164.2m | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($22.8m) | ($16.0m) | ($20.5m) | ($21.1m) | |
| Net Preferred Stock Issuance | — | — | — | — | — | — | ($4.5m) | ($5.4m) | $0 | $0 | |
| Operating Gains Losses | — | — | — | — | — | ($147.0m) | ($14.2m) | — | $12.2m | $21.8m | |
| Other Non Cash Items | — | — | — | — | — | — | ($29.6m) | $1.8m | $32.2m | $39.8m | |
| Preferred Stock Payments | — | — | — | — | — | — | ($4.5m) | ($5.4m) | $0 | $0 | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | $4.6m | $0 | $0 | — | — | |
| Purchase Of Business | — | — | — | — | — | — | ($276.3m) | ($1.4b) | ($301.9m) | ($127.1m) | |
| Purchase Of PPE | — | — | — | — | — | — | ($22.8m) | ($16.0m) | ($20.5m) | ($21.1m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($67.5m) | ($5.4m) | $0 | ($149.5m) | |
| Sale Of Business | — | — | — | — | — | — | $342k | $0 | $15.4m | $291.3m | |
| Stock Based Compensation | — | — | — | — | — | — | $21.4m | $26.5m | $29.0m | $35.5m | |
| Net Cash Provided by (Used in) Operating Activities | $539.3m | $597.4m | $677.8m | $707.7m | $771.2m | $952.4m | $1.2b | $1.4b | $1.9b | $1.9b | |
| Cash flows from investing activities: | |||||||||||
| Capital Expenditure | — | — | — | — | — | — | ($22.8m) | ($16.0m) | ($20.5m) | ($21.1m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | — | — | — | $157.3m | $0 | $0 | — | |
| Net Investment Properties Purchase And Sale | — | — | — | — | — | — | ($1.3b) | ($418.8m) | ($654.2m) | ($701.1m) | |
| Net Investment Purchase And Sale | — | — | — | — | — | $0 | $0 | — | — | — | |
| Purchase Of Investment | — | — | — | — | — | $0 | $0 | — | — | — | |
| Purchase Of Investment Properties | — | — | — | — | — | — | ($1.4b) | ($420.9m) | ($779.2m) | ($1.1b) | |
| Gains (Losses) on Sales of Investment Real Estate | — | ($17.9m) | ($65.5m) | ($197.8m) | ($64.8m) | ($54.6m) | $14.2m | ($180.3m) | ($33.7m) | ($127.1m) | |
| Sale Of Investment Properties | — | — | — | — | — | — | $39.4m | $2.1m | $124.9m | $368.2m | |
| Net Other Investing Changes | — | — | — | — | — | — | ($35.6m) | ($20.8m) | ($685.7m) | ($256.2m) | |
| Net Cash Provided by (Used in) Investing Activities | ($1.0b) | ($369.6m) | ($443.9m) | ($621.6m) | ($955.4m) | ($837.5m) | ($1.6b) | ($1.8b) | ($1.6b) | ($814.2m) | |
| Cash flows from financing activities: | |||||||||||
| Issuance Of Debt | — | — | — | — | — | — | $5.6b | $8.7b | $10.0b | $17.8b | |
| Long Term Debt Issuance | — | — | — | — | — | — | $5.6b | $8.7b | $10.0b | $17.8b | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $1.4b | $1.6b | $1.3b | $584.5m | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $1.4b | $1.6b | $1.3b | $584.5m | |
| Long Term Debt Payments | — | — | — | — | — | — | ($4.2b) | ($7.1b) | ($8.7b) | ($17.2b) | |
| Repayment Of Debt | — | — | — | — | — | — | ($4.2b) | ($7.1b) | ($8.7b) | ($17.2b) | |
| Proceeds from Issuance of Common Stock | $123.4m | $0 | $90.2m | $198.8m | $103.5m | $273.2m | $0 | $0 | — | — | |
| Common Stock Issuance | — | — | — | — | — | — | $0 | $0 | $365k | $0 | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($63.0m) | $0 | $365k | ($149.5m) | |
| Payments for Repurchase of Common Stock | — | — | $0 | $0 | $67.9m | $0 | $63.0m | $0 | $0 | $149.5m | |
| Payments of Ordinary Dividends, Common Stock | $367.8m | $393.0m | $424.9m | $458.1m | $467.8m | $601.0m | $805.3m | $1.0b | $1.4b | $1.4b | |
| Common Stock Payments | — | — | — | — | — | — | ($63.0m) | $0 | $0 | ($149.5m) | |
| Proceeds from Noncontrolling Interests | — | $201k | $122k | $173k | $66k | $0 | $0 | $74k | $29k | — | |
| Cash Dividends Paid | — | — | — | — | — | — | ($805.3m) | ($1.0b) | ($1.4b) | ($1.4b) | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($805.3m) | ($1.0b) | ($1.4b) | ($1.4b) | |
| Dividend Received CFO | — | — | — | — | — | — | $13.2m | $20.1m | $30.7m | $29.2m | |
| Net Other Financing Charges | — | — | — | — | — | — | ($71.7m) | ($99.2m) | ($89.1m) | ($96.8m) | |
| Net Cash Provided by (Used in) Financing Activities | $460.8m | ($216.0m) | ($247.3m) | ($88.0m) | $241.5m | ($166.7m) | $431.9m | $423.1m | ($202.3m) | ($1.0b) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $57.7m | $86.0m | $72.7m | ($2.0m) | $57.3m | ($51.8m) | $21.5m | $7.3m | $38.2m | ($123k) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $28.3m | $72.7m | $70.7m | $128.0m | $76.2m | $97.7m | $105.1m | $143.3m | $143.2m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | $21.5m | $7.3m | $38.2m | ($123k) | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $122.3m | $136.2m | $159.5m | $174.2m | $159.6m | $152.2m | $197.1m | $338.6m | $499.4m | $564.7m | |
| Income Taxes Paid, Net | — | — | — | $10.4m | $5.2m | $26.3m | $19.0m | $22.8m | $33.8m | $35.3m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.