U-Haul 2006 Annual Report Download - page 10

Download and view the complete annual report

Please find page 10 of the 2006 U-Haul annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 146

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146

AMERCO AND CONSOLIDATED ENTITIES
CONSOLIDATED BALANCE SHEETS
2006 2005
ASSETS
Cash and cash e
q
uivalents $ 155,459 $ 55,955
Reinsurance recoverables and trade receivables, net 230,179 240,593
Notes and mort
g
a
g
e receivables, net 2,532 1,965
Inventories, net 64,919 63,658
Pre
p
aid ex
p
enses 53,262 29,045
Investments, fixed maturities and marketable e
q
uities 695,958 635,178
Investments, other 209,361 345,207
Deferred
p
olic
y
ac
q
uisition costs, net 47,821 52,543
Other assets 102,094 84,895
Related
p
art
y
assets 270,468 252,666
1,832,053 1,761,705
Pro
ert
,
lant and e
ui
ment, at cost:
Land 175,785 151,145
Buildin
g
s and im
p
rovements 739,603 686,225
Furniture and e
q
ui
p
ment 281,371 265,216
Rental trailers and other rental e
q
ui
p
ment 201,273 199,461
Rental trucks 1,331,891 1,252,018
SAC Holdin
g
II Cor
p
oration -
p
ro
p
ert
y
,
p
lant and e
q
ui
p
ment 79,217 77,594
2,809,140 2,631,659
Less: Accumulated de
p
reciation
(
1,273,975
)
(
1,277,191
)
Total
p
ro
p
ert
y
,
p
lant and e
q
ui
p
ment 1,535,165 1,354,468
Total assets $ 3,367,218 $ 3,116,173
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities:
Accounts
p
a
y
able and accrued ex
p
enses 235,878 237,134
AMERCO's notes and loans
p
a
y
able 965,634 780,008
SAC Holdin
g
II Cor
p
oration notes and loans
p
a
y
able, non-recourse to AMERCO 76,232 77,474
Polic
y
benefits and losses, claims and loss ex
p
enses
p
a
y
able 800,413 805,330
Liabilities from investment contracts 449,149 503,838
Other
p
olic
y
holders' funds and liabilities 7,705 11,613
Deferred income 21,346 38,743
Deferred income taxes 108,092 78,124
Related
p
art
y
liabilities 7,165 11,070
Total liabilities 2,671,614 2,543,334
Commitments and contin
g
encies
(
notes 9, 15,16,17 and 19
)
Stockholders' e
q
uit
y
:
Series
p
referred stock, with or without
p
ar value, 50,000,000 shares authorized:
Series A
p
referred stock, with no
p
ar value, 6,100,000 shares authorized;
6,100,000 shares issued and outstandin
g
as of March 31, 2006 and 2005 - -
Series B
p
referred stock, with no
p
ar value, 100,000 shares authorized; none
issued and outstandin
g
as of March 31, 2006 and 2005 - -
Series common stock, with or without
p
ar value, 150,000,000 shares authorized:
Series A common stock of $0.25
p
ar value, 10,000,000 shares authorized;
3,716,181 shares issued as of March 31, 2006 and 2005 929 929
Common stock of $0.25
p
ar value, 150,000,000 shares authorized; 38,269,518
issued as of March 31, 2006 and 2005 9,568 9,568
Additional
p
aid-in ca
p
ital 367,655 350,344
Accumulated other com
p
rehensive loss
(
28,902
)
(
24,612
)
Retained earnin
g
s773,784 665,593
Cost of common shares in treasur
y
, net
(
20,701,096 shares as of
March 31, 2006 and 2005
)
(
418,092
)
(
418,092
)
Unearned em
p
lo
y
ee stock ownershi
p
p
lan shares
(
9,338
)
(
10,891
)
Total stockholders' e
q
uit
y
695,604 572,839
Total liabilities and stockholders' equit
y
$ 3,367,218 $ 3,116,173
March 31,
(In thousands)
The accompanying notes are an integral part of these consolidated financial statements.