U-Haul 2007 Annual Report Download - page 32
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As a result of the above mentioned items, net earnings
26
available to common shareholders were $77.6 million in
fi
common shares outstanding: basic and diluted were 20,838,570 in fiscal 2007 and
20
iscal 2007 were $3.72, compared with $5.19 in fiscal 2006.
F
isted below on a consolidated basis are revenues for our major product lines for fiscal 2006 and fiscal 2005:
scal 2007, compared with $108.2 million in fiscal 2006.
The weighted average
,857,108 in fiscal 2006.
Basic and diluted earnings per share in f
iscal 2006 Compared with Fiscal 2005
L
2006 2005
Self-moving equipment rentals $ 1,503,569 $ 1,437,895
Self-storage revenues 119,742 114,155
Self-moving and self-storage product and service sales 223,721 206,098
Property management fees 21,195 11,839
Life insurance premiums 118,833 126,236
Property and casualty insurance premiums 26,001 24,987
Net investment and interest income 53,094 56,739
Other revenue 40,471 30,172
Consolidated revenue $ 2,106,626 $ 2,008,121
(In thousands)
Year Ended March 31,
During fiscal 2006, self-moving equipment rentals increased $65.7 million with increases in truck, trailer, and
support rental items. The increases are due to improved equipment utilization, pricing, and product mix that
included the introduction of approximately 15,500 new trucks in fiscal 2006. In most cases, these trucks replaced
ol
sed $5.6 million for fiscal 2006, compared with fiscal 2005 as occupancy rates
in
e growth in self-moving equipment rentals. Support sales items, hitches, and
p
fiscal 2005 included the commutation of a non U-Haul related reinsurance
co
as a result of decreased credit and Medicare
su
l 2006, compared with fiscal 2005 due
p
nd its consolidated entities were $2,106.6
million for fiscal 2006, compared with $2,008.1 million for fiscal 2005.
der trucks rotated out of the fleet.
Self-storage revenues increa
creased period over period.
Sales of self-moving and self-storage products and service sales increased $17.6 million for fiscal 2006, compared
with fiscal 2005 generally following th
ropane all had increases for the year.
RepWest continued to exit from non U-Haul related lines of business. However, premium revenues increased
$1.0 million for fiscal 2006, compared with fiscal 2005 due to increases in retrospective premiums related to U-Haul
business in fiscal 2006. Additionally,
ntract reducing premium revenues.
Oxford’ s premium revenues declined $7.4 million primarily
pplement business, offset by growth in life insurance premiums.
Net investment and interest income decreased $3.6 million for fisca
rimarily to declining invested asset balances at the insurance companies.
As a result of the items mentioned above, revenues for AMERCO a