Public Storage (Public Storage) Cash And Cash Equivalents

: $370 Mil (As of Dec. 2023)

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Public Storage's quarterly cash and cash equivalents declined from Jun. 2023 ($651.67 Mil) to Sep. 2023 ($629.77 Mil) but then stayed the same from Sep. 2023 ($629.77 Mil) to Dec. 2023 ($370.00 Mil).

Public Storage's annual cash and cash equivalents increased from Dec. 2021 ($734.60 Mil) to Dec. 2022 ($775.25 Mil) but then declined from Dec. 2022 ($775.25 Mil) to Dec. 2023 ($370.00 Mil).

Public Storage Cash And Cash Equivalents Historical Data

The historical data trend for Public Storage's Cash And Cash Equivalents can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Public Storage Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

409.74

257.56

734.60

775.25

370.00

Public Storage Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents																775.25	695.42	651.67	629.77	370.00

Public Storage Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Public Storage (NYSE:PSA) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

Public Storage Cash And Cash Equivalents Related Terms

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Public Storage (Public Storage) Business Description

Industry

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Address

701 Western Avenue, Glendale, CA, USA, 91201-2349

Website

https://www.publicstorage.com

Public Storage is the largest owner of self-storage facilities in the U.S. with more than 2,880 self-storage facilities in 40 states and approximately 200 million square feet of rentable space. Through equity interests, it also has exposure to the European self-storage market through Shurgard Self Storage. The company also has a merchandise business, a third-party property management business, and an insurance business that offers products to cover losses for the goods in self-storage facilities.

Executives

Nathaniel A. Vitan	officer: Chief Legal Officer	701 WESTERN AVENUE, GLENDALE CA 91201-2349
John Reyes	director	701 WESTERN AVENUE, GLENDALE CA 91201
Havner Ronald L Jr	director	701 WESTERN AVENUE, GLENDALE CA 91201
Avedick Baruyr Poladian	director	701 WESTERN AVENUE, GLENDALE CA 91201
David Lee	officer: Chief Operating Officer	C/O PUBLIC STORAGE, 701 WESTERN AVENUE, GLENDALE CA 91201
Russell Joseph D Jr	officer: President & CEO	PUBLIC STORAGE, 701 WESTERN AVENUE, GLENDALE CA 91201
Tamara Hughes Gustavson	director, 10 percent owner	701 WESTERN AVENUE, GLENDALE CA 91201-2349
Heisz Leslie Stone	director	C/O PUBLIC STORAGE, 701 WESTERN AVENUE, GLENDALE CA 91201
Ronald P Spogli	director	701 WESTERN AVENUE, GLENDALE CA 91201
Kristy Pipes	director	C/O PS BUSINESS PARKS, INC., 701 WESTERN AVENUE, GLENDALE CA 91201
Shroff Michelle Millstone	director	C/O PARTY CITY HOLDCO INC., 80 GRASSLANDS ROAD, ELMSFORD NY 10523
Rebecca L Owen	director	1750 H STREET, SUITE 500, COLUMBIA EQUITY TRUST, INC., WASHINGTON DC 20006
Paul S Williams	director	C/O MAJOR, LINDSEY & AFRICA, 1 SOUTH WACKER DRIVE, SUITE 1750, CHICAGO IL 60606
Tariq M Shaukat	director	ONE CAESARS PALACE DRIVE, LAS VEGAS NV 89109
David J Neithercut	director	C/O EQUITY RESIDENTIAL, TWO NORTH RIVERSIDE PLAZA, SUITE 400, CHICAGO IL 60606