U-Haul 2006 Annual Report Download - page 50

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AMERCO AND CONSOLIDATED ENTITIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS -- (CONTINUED)
F-43
Consolidating balance sheets by industry segment as of March 31, 2006 are as follows:
AMERCO U-Haul Real Estate Eliminations
Moving &
Storage
Consolidated
Property &
Casualty
Insurance (a)
Life
Insurance (a) Eliminations
AMERCO
Consolidated SAC Holding II Eliminations
Total
Consolidated
Liabilities:
Accounts payable and accrued expenses 23,405$ 203,243$ 4,988$ -$ 231,636$ -$ 3,188$ -$ 234,824$ 1,054$ -$ 235,878$
AMERCO's notes and loans payable - 212,133 753,501 - 965,634 - - - 965,634 - - 965,634
SAC Holding II Corporation notes and loans
payable, non-recourse to AMERCO - - - - - - - - - 76,232 - 76,232
Policy benefits and losses,
claims and loss expenses payable - 295,567 - - 295,567 352,960 151,886 - 800,413 - - 800,413
Liabilities from investment contracts - - - - - - 449,149 - 449,149 - - 449,149
Other policyholders' funds and liabilities - - - - - 5,222 2,483 - 7,705 - - 7,705
Deferred income - 14,412 - - 14,412 6,136 - - 20,548 798 - 21,346
Deferred income taxes 181,355 - - - 181,355 (46,219) 2,907 - 138,043 (2,967) (26,984) (d) 108,092
Related party liabilities 201 1,134,939 26,994 (1,147,881) (c) 14,253 3,728 12,175 (30,156) (c) - 91,472 (84,307) (c) 7,165
Total liabilities 204,961 1,860,294 785,483 (1,147,881) 1,702,857 321,827 621,788 (30,156) 2,616,316 166,589 (111,291) 2,671,614
Stockholders' equity:
Series preferred stock:
Series A preferred stock - - - - - - - - - - - -
Series B preferred stock - - - - - - - - - - - -
Series A common stock 929 - - - 929 - - - 929 - - 929
Common stock 9,568 540 1 (541) (b) 9,568 3,300 2,500 (5,800) (b) 9,568 - - 9,568
Additional paid-in capital 413,726 121,230 147,481 (268,711) (b) 413,726 80,369 26,271 (106,640) (b) 413,726 - (46,071) (b) 367,655
Accumulated other comprehensive income (loss) (28,902) (29,996) - 29,996 (b) (28,902) 386 331 (717) (b) (28,902) - - (28,902)
Retained earnings (deficit) 765,277 (436,917) (329,318) 766,235 (b) 765,277 53,340 98,205 (151,545) (b) 765,277 (14,275) 22,782 (b,d) 773,784
Cost of common shares in treasury, net (418,092) - - - (418,092) - - - (418,092) - - (418,092)
Unearned employee stock
ownership plan shares - (9,338) - - (9,338) - - - (9,338) - - - (9,338)
Total stockholders' equity (deficit) 742,506 (354,481) (181,836) 526,979 733,168 137,395 127,307 (264,702) 733,168 (14,275) (23,289) 695,604
Total liabilities and stockholders' equity 947,467$ 1,505,813$ 603,647$ (620,902)$ 2,436,025$ 459,222$ 749,095$ (294,858)$ 3,349,484$ 152,314$ (134,580)$ 3,367,218$
(a) Balances as of December 31, 2005
(b) Eliminate investment in subsidiaries and SAC Holding II
(c) Eliminate intercompany receivables and payables
(d) Eliminate gain on sale of property from U-Haul to SAC Holding II
Moving & Storage AMERCO Legal Group AMERCO as Consolidated
(In thousands)