U-Haul 2005 Annual Report Download - page 67

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66 I AMERCO ANNUAL REPORT
Note 11: Stockholders’ Equity
AMERCO฀has฀authorized฀capital฀stock฀as฀follows:฀
AMERCO AND CONSOLIDATED ENTITIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Ì (Continued)
Note 11: Stockholders' Equity
AMERCO has authorized capital stock as follows:
Issued and
Authorized Outstanding
(In thousands)
AMERCO common stockÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 150,000 38,270
AMERCO serial common stock ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 150,000 3,716
AMERCO serial preferred stock ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 50,000 6,100
The Serial common stock may be issued in such series and on such terms as the Board shall determine.
The Serial preferred stock may be issued with or without par value. The 6.1 million shares of Series A, no par,
non-voting, 8
1
/
2
% cumulative preferred stock that are issued and outstanding are not convertible into, or
exchangeable for, shares of any other class or classes of stock of AMERCO. Dividends on the Series A
preferred stock are payable quarterly in arrears and have priority as to dividends over the common stock of
AMERCO.
Note 12: Comprehensive Income
The components of accumulated other comprehensive income/(loss), were as follows:
Year Ended March 31,
2005 2004 2003
(In thousands)
Accumulated foreign currency translation ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $(33,344) $(34,913) $(41,336)
Accumulated unrealized gain (loss) on investments ÏÏÏÏÏÏÏÏ 2,636 13,467 (14,429)
Accumulated fair market value of cash flow hedge ÏÏÏÏÏÏÏÏÏ 47 Ì Ì
$(30,661) $(21,446) $(55,765)
A summary of accumulated comprehensive income/ (loss) components in thousands, were as follows:
Fair Market Accumulated
Foreign Unrealized Value of Other
Currency Gain/(Loss) Cash Flow Comprehensive
Translation on Investments Hedge Income
(In thousands)
Balance at March 31, 2003 ÏÏÏÏÏÏÏÏÏÏÏ $(41,336) $(14,429) $Ì $(55,765)
Foreign currency translation Ì U-HaulÏÏ 4,936 Ì Ì 4,936
Foreign currency translation Ì SAC ÏÏÏÏ 1,487 Ì Ì 1,487
Unrealized gain on investments ÏÏÏÏÏÏÏÏ Ì 27,896 Ì 27,896
Balance at March 31, 2004 ÏÏÏÏÏÏÏÏÏÏÏ (34,913) 13,467 Ì (21,446)
Foreign currency translation Ì U-HaulÏÏ 1,569 Ì Ì 1,569
Change in fair value of cash hedge ÏÏÏÏÏ Ì Ì 47 47
Unrealized loss on investmentsÏÏÏÏÏÏÏÏÏ Ì (10,831) Ì (10,831)
Balance at March 31, 2005 ÏÏÏÏÏÏÏÏÏÏÏ $(33,344) $ 2,636 $47 $(30,661)
F-24
AMERCO AND CONSOLIDATED ENTITIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Ì (Continued)
Note 11: Stockholders' Equity
AMERCO has authorized capital stock as follows:
Issued and
Authorized Outstanding
(In thousands)
AMERCO common stockÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 150,000 38,270
AMERCO serial common stock ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 150,000 3,716
AMERCO serial preferred stock ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 50,000 6,100
The Serial common stock may be issued in such series and on such terms as the Board shall determine.
The Serial preferred stock may be issued with or without par value. The 6.1 million shares of Series A, no par,
non-voting, 8
1
/
2
% cumulative preferred stock that are issued and outstanding are not convertible into, or
exchangeable for, shares of any other class or classes of stock of AMERCO. Dividends on the Series A
preferred stock are payable quarterly in arrears and have priority as to dividends over the common stock of
AMERCO.
Note 12: Comprehensive Income
The components of accumulated other comprehensive income/(loss), were as follows:
Year Ended March 31,
2005 2004 2003
(In thousands)
Accumulated foreign currency translation ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $(33,344) $(34,913) $(41,336)
Accumulated unrealized gain (loss) on investments ÏÏÏÏÏÏÏÏ 2,636 13,467 (14,429)
Accumulated fair market value of cash flow hedge ÏÏÏÏÏÏÏÏÏ 47 Ì Ì
$(30,661) $(21,446) $(55,765)
A summary of accumulated comprehensive income/ (loss) components in thousands, were as follows:
Fair Market Accumulated
Foreign Unrealized Value of Other
Currency Gain/(Loss) Cash Flow Comprehensive
Translation on Investments Hedge Income
(In thousands)
Balance at March 31, 2003 ÏÏÏÏÏÏÏÏÏÏÏ $(41,336) $(14,429) $Ì $(55,765)
Foreign currency translation Ì U-HaulÏÏ 4,936 Ì Ì 4,936
Foreign currency translation Ì SAC ÏÏÏÏ 1,487 Ì Ì 1,487
Unrealized gain on investments ÏÏÏÏÏÏÏÏ Ì 27,896 Ì 27,896
Balance at March 31, 2004 ÏÏÏÏÏÏÏÏÏÏÏ (34,913) 13,467 Ì (21,446)
Foreign currency translation Ì U-HaulÏÏ 1,569 Ì Ì 1,569
Change in fair value of cash hedge ÏÏÏÏÏ Ì Ì 47 47
Unrealized loss on investmentsÏÏÏÏÏÏÏÏÏ Ì (10,831) Ì (10,831)
Balance at March 31, 2005 ÏÏÏÏÏÏÏÏÏÏÏ $(33,344) $ 2,636 $47 $(30,661)
F-24
AMERCO AND CONSOLIDATED ENTITIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Ì (Continued)
Note 11: Stockholders' Equity
AMERCO has authorized capital stock as follows:
Issued and
Authorized Outstanding
(In thousands)
AMERCO common stockÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 150,000 38,270
AMERCO serial common stock ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 150,000 3,716
AMERCO serial preferred stock ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 50,000 6,100
The Serial common stock may be issued in such series and on such terms as the Board shall determine.
The Serial preferred stock may be issued with or without par value. The 6.1 million shares of Series A, no par,
non-voting, 8
1
/
2
% cumulative preferred stock that are issued and outstanding are not convertible into, or
exchangeable for, shares of any other class or classes of stock of AMERCO. Dividends on the Series A
preferred stock are payable quarterly in arrears and have priority as to dividends over the common stock of
AMERCO.
Note 12: Comprehensive Income
The components of accumulated other comprehensive income/(loss), were as follows:
Year Ended March 31,
2005 2004 2003
(In thousands)
Accumulated foreign currency translation ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $(33,344) $(34,913) $(41,336)
Accumulated unrealized gain (loss) on investments ÏÏÏÏÏÏÏÏ 2,636 13,467 (14,429)
Accumulated fair market value of cash flow hedge ÏÏÏÏÏÏÏÏÏ 47 Ì Ì
$(30,661) $(21,446) $(55,765)
A summary of accumulated comprehensive income/ (loss) components in thousands, were as follows:
Fair Market Accumulated
Foreign Unrealized Value of Other
Currency Gain/(Loss) Cash Flow Comprehensive
Translation on Investments Hedge Income
(In thousands)
Balance at March 31, 2003 ÏÏÏÏÏÏÏÏÏÏÏ $(41,336) $(14,429) $Ì $(55,765)
Foreign currency translation Ì U-HaulÏÏ 4,936 Ì Ì 4,936
Foreign currency translation Ì SAC ÏÏÏÏ 1,487 Ì Ì 1,487
Unrealized gain on investments ÏÏÏÏÏÏÏÏ Ì 27,896 Ì 27,896
Balance at March 31, 2004 ÏÏÏÏÏÏÏÏÏÏÏ (34,913) 13,467 Ì (21,446)
Foreign currency translation Ì U-HaulÏÏ 1,569 Ì Ì 1,569
Change in fair value of cash hedge ÏÏÏÏÏ Ì Ì 47 47
Unrealized loss on investmentsÏÏÏÏÏÏÏÏÏ Ì (10,831) Ì (10,831)
Balance at March 31, 2005 ÏÏÏÏÏÏÏÏÏÏÏ $(33,344) $ 2,636 $47 $(30,661)
F-24
Amerco and Consolidated Entities
Notes to Consolidated Financial Statements, continued
The฀ Serial฀ common฀ stock฀may฀be฀ issued฀ in฀ such฀ series฀
and฀ on฀ such฀ terms฀ as฀ the฀ Board฀ shall฀ determine.฀ The฀
Serial฀preferred฀stock฀may฀be฀issued฀with฀or฀without฀par฀
value.฀ The฀ 6.1฀ million฀ shares฀ of฀ Series฀ A,฀ no฀ par,฀ non-
voting,฀8฀1/2%฀cumulative฀preferred฀stock฀that฀are฀issued฀
and฀outstanding฀are฀not฀convertible฀into,฀or฀exchangeable฀
for,฀ shares฀ of฀ any฀ other฀ class฀ or฀ classes฀ of฀ stock฀ of฀
AMERCO.฀ Dividends฀ on฀ the฀ Series฀ A฀ preferred฀ stock฀
are฀ payable฀ quarterly฀ in฀ arrears฀ and฀ have฀ priority฀ as฀ to฀
dividends฀over฀the฀common฀stock฀of฀AMERCO.
Note 12: Comprehensive Income
The฀components฀of฀accumulated฀other฀comprehensive฀income/(loss),฀were฀as฀follows:
A฀summary฀of฀accumulated฀comprehensive฀income/฀(loss)฀components฀in฀thousands,฀were฀as฀follows: