U-Haul 2007 Annual Report Download - page 111

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AMERCO AND CONSOLIDATED ENTITIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS -- (CONTINUED)
F-46
Consolidating balance sheets by industry segment as of March 31, 2007 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 926$ 236,830$ 4,973$ -$ 242,729$ -$ 7,083$ -$ 249,812$ 1,385$ -$ 251,197$
AMERCO's notes and loans payable - 406,458 774,707 - 1,181,165 - - - 1,181,165 - - 1,181,165
SAC Holding II Corporation notes and loans
payable, non-recourse to AMERCO - - - - - - - - - 74,887 - 74,887
Policy benefits and losses,
claims and loss expenses payable - 330,602 - - 330,602 291,241 146,908 - 768,751 - - 768,751
Liabilities from investment contracts - - - - - - 386,640 - 386,640 - - 386,640
Other policyholders' funds and liabilities - - - - - 7,633 2,930 - 10,563 - - 10,563
Deferred income - 15,629 - - 15,629
- - - 15,629 849 - 16,478
Deferred income taxes 186,594 - - - 186,594 (41,223) (3,167) - 142,204 (2,263) (26,771) (d) 113,170
Related party liabilities - 1,077,090 46,139 (1,113,379) (c) 9,850 2,411 8,579 (20,840) (c) - 82,535 (80,436) (c) 2,099
Total liabilities 187,520 2,066,609 825,819 (1,113,379) 1,966,569 260,062 548,973 (20,840) 2,754,764 157,393 (107,207) 2,804,950
Stockholders' equity:
Series preferred stock:
Series A preferred stock - - - - - - - - - - - -
Series B preferred stock - - - - - - - - - - - -
Series A common stock - - - - - - - - - - - -
Common stock 10,497 540 1 (541) (b) 10,497 3,300 2,500 (5,800) (b) 10,497 - - 10,497
Additional paid-in capital 421,483 121,230 147,481 (268,711) (b) 421,483 86,121 26,271 (112,392) (b) 421,483 - (46,071) (d) 375,412
Additional paid-in capital - SAC Holding II - - - - - - - - - 4,492 (4,492) -
Accumulated other comprehensive loss (41,779) (41,454) - 41,454 (b) (41,779) (163) (192) 355 (b) (41,779) - - (41,779)
Retained earnings (deficit) 840,445 (408,887) (333,656) 742,543 (b) 840,445 53,185 107,863 (161,048) (b) 840,445 (13,748) 22,603 (b,d) 849,300
Cost of common shares in treasury, net (467,198) - - - (467,198) - - - (467,198) - - (467,198)
Unearned employee stock
ownership plan shares - (8,134) - - (8,134) - - - (8,134) - - (8,134)
Total stockholders' equity (deficit) 763,448 (336,705) (186,174) 514,745 755,314 142,443 136,442 (278,885) 755,314 (9,256) (27,960) 718,098
Total liabilities and stockholders' equity 950,968$ 1,729,904$ 639,645$ (598,634)$ 2,721,883$ 402,505$ 685,415$ (299,725)$ 3,510,078$ 148,137$ (135,167)$ 3,523,048$
(a) Balances as of December 31, 2006
(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)