U-Haul 2007 Annual Report Download - page 43

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Operating expenses were $27.0 million and $42.2 million for the years ended December 31, 2005 and 2004,
respectively. The decrease is primarily due to a $10.6 million accrual in the prior year for the Kocher settlement as
well as reduced legal and overhead expenses in the current year. Included in operating expenses for the current year
is $0.7 million of expense related to the write-off of goodwill associated with a subsidiary engaged in selling credit
insurance. Non-
37
deferrable commissions decreased $2.3 million due to decreased sales of Medicare supplement and
cr
the Kocher settlement
ed loss ratios in the Medicare supplement and other health lines of business.
F
edit products.
Earnings from operations were $13.9 million and $2.1 million for the years ended December 31, 2005 and 2004,
respectively. The increase is due primarily to the prior year accrual of $10.6 million related to
as well as improv
SAC Holding II
iscal 2007 Compared with Fiscal 2006
Listed below are revenues for the major product lines at SAC Holding II for fiscal 2007 and fiscal 2006:
2007 2006
Self-moving equipment rentals $ 9,225 $ 9,498
Self-storage revenues 19,926 18,869
Self-moving and self-storage product and service sales 16,045 16,602
Other revenue 1,407 1,270
Segment revenue $ 46,603 $ 46,239
(In thousands)
Year Ended March 31,
on in fiscal 2007, compared with $46.2 million in fiscal 2006 due primarily to
in
llion in fiscal 2007, compared with $13.6 million in fiscal 2006.
F
Total revenues were $46.6 milli
creases in self-storage revenues.
Total costs and expenses were $32.7 million in fiscal 2007, compared with $32.6 million in fiscal 2006.
Earnings from operations were $13.9 mi
iscal 2006 Compared with Fiscal 2005
Listed below are revenues for the major product lines at SAC Holding II for fiscal 2006 and fiscal 2005:
2006 2005
Self-moving equipment rentals $ 9,498 $ 9,008
Self-storage revenues 18,869 17,953
Self-moving and self-storage product and service sales 16,602 15,020
Other revenue 1,270 1,191
Segment revenue $ 46,239 $ 43,172
Year Ended March 31,
(In thousands)
This increase grew in conjunction with increases
in
Earnings from operations were $13.6 million in fiscal 2006, compared with $10.5 million in fiscal 2005.
Total revenues were $46.2 million in fiscal 2006, compared with $43.2 million in fiscal 2005. The increase was
driven by self-moving and self-storage product and service sales.
self-storage revenues due to improved occupancy and pricing.
Total costs and expenses were $32.6 million in fiscal 2006, compared with $32.7 million in fiscal 2005.