U-Haul 2006 Annual Report Download - page 124

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Liquidity and Capital Resources - Summary
We believe we have the financial resources needed to meet our business requirements including capital
expenditures for the investment in and expansion of our rental fleet, rental equipment and storage space, working
capital requirements and our preferred stock dividend program.
For a more detailed discussion of our long-term debt and borrowing capacity, please see footnote 9 “Borrowings”
to the “Notes to the Consolidated Financial Statements.”
Disclosures about Contractual Obligations and Commercial Commitments
The following table provides contractual commitments and contingencies as of March 31, 2006:
Contractual Obligations Total
Prior to
03/31/07
04/01/07
03/31/09
04/01/09
03/31/11
April 1, 2011
and Thereafter
Notes and loans payable - Principal $ 875,634 $ 30,239 $ 81,527 $ 303,724 $ 460,144
Notes and loans payable - Interest 322,697 51,030 93,724 73,465 104,478
Revolving credit agreement - Principal 90,000 - - 90,000 -
Revolving credit agreement - Interest 23,448 5,309 10,618 7,521 -
AMERCO's operating leases 429,164 124,943 167,153 102,575 34,493
SAC Holding II Corporation notes and loans* 151,320 1,313 3,078 3,728 143,201
Elimination of SAC Holding II obligations to AMERCO (75,088) - - - (75,088)
Total contractual obligations $ 1,817,175 $ 212,834 $ 356,100 $ 581,013 $ 667,228
Payment due by Period (as of March 31, 2006)
(In thousands)
As presented above, contractual obligations on debt and guarantees represent principal payments while contractual
obligations for operating leases represent the notional payments under the lease arrangements.
* These notes and loans represent obligations of SAC Holding II issued to third party lenders and AMERCO through
its subsidiaries.
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