U-Haul 2004 Annual Report Download - page 112

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ADDITIONAL INFORMATION
SUMMARY OF EARNINGS OF INDEPENDENT RENTAL FLEETS
Unaudited
The following Summary of Earnings of Independent Rental Fleets is presented for purposes of analysis
and is not a required part of the basic Ñnancial statements.
2004 2003 2002 2001 2000
(In thousands, except earnings per $100
of average Investment)
Earnings data (Note A):
Fleet owner income:
Credited to Öeet owner gross rental incomeÏÏÏÏÏÏÏÏÏ $ 739 $ 823 $1,028 $1,350 $1,977
Credited to trailer accident fund (Notes D and E) ÏÏ 46 49 61 79 114
Total Öeet owner income ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 785 872 1,089 1,429 2,091
Fleet owner operation expenses:
Charged to Öeet owner (Note C)ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 437 422 532 719 999
Charged to trailer accident fund (Notes D and E) ÏÏ 8 9 15 18 23
Total Öeet owner operation expenses ÏÏÏÏÏÏÏÏÏÏÏÏ 445 431 547 737 1,022
Fleet owner earnings before trailer accident fund credit,
depreciation and income taxesÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 304 402 496 631 978
Trailer accident fund credit (Note D) ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 36 39 46 61 91
Net Öeet owner earnings before depreciation and
income taxes ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 340 441 542 692 1,069
Investment data (Note A):
Amount at end of year ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 1,202 1,389 1,663 2,046 2,654
Average amount during year ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 1,296 1,526 1,855 2,350 3,574
Net Öeet owner earnings before depreciation and
income taxes per $100 of average investment
(Note B) (unaudited) ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $18.84 $19.95 $20.06 $23.38 $28.12
The accompanying notes are an integral part of this Summary of Earnings of Independent Rental Fleets.
F-51