U-Haul 2007 Annual Report Download - page 127

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CONDENSED FINANCIAL INFORMATION OF AMERCO
STATEMENTS OF OPERATIONS
2007 2006 2005
Revenues:
Net interest income from subsidiaries $ 5,071 $ 5,567 $ 8,348
Expenses:
Operating expenses 12,096 12,722 18,065
Other expenses 381 160 121
Total expenses 12,477 12,882 18,186
Equity in earnings of subsidiaries and SAC Holding II 35,796 163,388 106,441
Interest income (expense) 89,026 (24,636) (70,235)
Fees on early extinguishment of debt - (35,627) -
Litigation settlement income, net of costs, fees and expenses - - 51,341
Pretax earnings 117,416 95,810 77,709
Income tax benefit (27,211) 24,996 11,367
Net earnings 90,205 120,806 89,076
Less: Preferred stock dividends (12,963) (12,963) (12,963)
Earnings available to common shareholders $ 77,242 $ 107,843 $ 76,113
Basic and diluted earnings per common share $ 3.71 $5.17 $3.66
Weighted average common shares outstanding: Basic and diluted 20,838,570 20,857,108 20,804,773
(In thousands, except share and per share data)
Years Ended March 31,
The accompanying notes are an integral part of these consolidated financial statements.
F-62