U-Haul 2006 Annual Report Download - page 100

Download and view the complete annual report

Please find page 100 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

Listed below is selected financial data for U-Haul International, Inc. for the five years ended March 31:
2006 2005 2004 2003 2002
Summary of Operations:
Self-moving equipment rentals $ 1,503,569 $ 1,437,895 $ 1,380,991 $ 1,293,686 $ 1,253,695
Self-storage revenues 101,437 94,431 118,335 109,985 130,691
Self-moving and self-storage products and service sales 207,119 191,078 182,327 174,853 201,006
Property management fees 23,988 14,434 12,974 12,431 8,036
Net investment and interest income 24,894 22,030 21,504 29,358 22,686
Other revenue 36,926 27,489 35,580 18,378 27,795
Total revenues 1,897,933 1,787,357 1,751,711 1,638,691 1,643,909
Operating expenses 1,085,602 1,100,737 1,062,695 1,029,774 1,088,390
Commission expenses 189,599 181,315 176,165 166,334 150,691
Cost of sales 105,872 98,877 87,430 93,735 110,449
Lease expense 143,344 151,937 159,869 165,020 171,656
Depreciation, net of (gains) losses on disposal 131,803 114,038 125,093 112,815 92,351
Total costs and expenses 1,656,220 1,646,904 1,611,252 1,567,678 1,613,537
Earnings from operations 241,713 140,453 140,459 71,013 30,372
Interest income (expense) (14,383) 15,687 8,560 (9,991) (11,675)
Pretax earnings 227,330 156,140 149,019 61,022 18,697
Income tax expense (87,910) (59,160) (52,992) (21,211) (6,117)
Net earnings $ 139,420 $ 96,980 $ 96,027 $ 39,811 $ 12,580
Balance Sheet Data:
Property, plant and equipment, net $ 913,871 $ 796,361 $ 875,729 $ 736,499 $ 750,779
Total assets 1,505,813 1,516,286 1,452,361 1,235,497 1,099,195
Capital leases - - 99,607 14,793 14,793
Notes and loans payable 212,133 - - - -
Stockholders' equity (deficit) (a) (354,481) 701,198 601,514 499,380 458,639
(a) Fiscal 2006 includes a non-cash dividend to AMERCO in the amount of $1,200,000,000.
Year Ended March 31,
(In thousands)
17