U-Haul 2006 Annual Report Download - page 52

Download and view the complete annual report

Please find page 52 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
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS -- (CONTINUED)
F-45
Consolidating balance sheets by industry segment as of March 31, 2005 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 17,330$ 198,322$ 2,736$ -$ 218,388$ -$ 17,745$ -$ 236,133$ 1,001$ -$ 237,134$
AMERCO's notes and loans payable 780,008 - - - 780,008 - - - 780,008 - - 780,008
SAC Holding II Corporation notes and loans
payable, non-recourse to AMERCO - - - - - - - - - 77,474 - 77,474
Policy benefits and losses,
claims and loss expenses payable - 249,053 - - 249,053 391,383 164,894 - 805,330 - - 805,330
Liabilities from investment contracts - - - - - - 503,838 - 503,838 - - 503,838
Other policyholders' funds and liabilities - - - - - 8,669 2,944 - 11,613 - - 11,613
Deferred income - 11,716 2 - 11,718 12,143 14,279 - 38,140 603 - 38,743
Deferred income taxes 158,415 - - - 158,415 (46,948) (1,121) - 110,346 (4,973) (27,249) (d) 78,124
Related party liabilities 115,499 355,997 249,692 (650,371) (c) 70,817 8,910 12,315 (92,042) (c) - 92,947 (81,877) (c) 11,070
Total liabilities 1,071,252 815,088 252,430 (650,371) 1,488,399 374,157 714,894 (92,042) 2,485,408 167,052 (109,126) 2,543,334
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 396,415 121,230 147,481 (268,711) (b) 396,415 69,922 16,435 (86,357) (b) 396,415 - (46,071) (d) 350,344
Accumulated other comprehensive income (loss) (24,612) (33,344) - 33,344 (b) (24,612) 1,879 6,806 (8,685) (b) (24,612) - - (24,612)
Retained earnings (deficit) 657,434 623,663 106,678 (730,341) (b) 657,434 79,735 89,256 (168,991) (b) 657,434 (14,659) 22,818 (b,d) 665,593
Cost of common shares in treasury, net (418,092) - - - (418,092) - - - (418,092) - - (418,092)
Unearned employee stock
ownership plan shares - (10,891) - - (10,891) - - - (10,891) - - (10,891)
Total stockholders' equity (deficit) 621,642 701,198 254,160 (966,249) 610,751 154,836 114,997 (269,833) 610,751 (14,659) (23,253) 572,839
Total liabilities and stockholders' equity 1,692,894$ 1,516,286$ 506,590$ (1,616,620)$ 2,099,150$ 528,993$ 829,891$ (361,875)$ 3,096,159$ 152,393$ (132,379)$ 3,116,173$
(a) Balances as of December 31, 2004
(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)