U-Haul 2008 Annual Report Download - page 98

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AMERCO AND CONSOLIDATED ENTITIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS -- (CONTINUED)
F-41
Consolidating balance sheets by industry segment as of March 31, 2008 are as follows:
AMERCO U-Haul Real Estate Eliminations
Moving &
Storage
Consolidated
Property &
Casualty
Insurance (a)
Life
Insurance (a) Eliminations
AMERCO
Consolidated
Liabilities:
Accounts payable and accrued expenses 924$ 281,666$ 4,903$ -$ 287,493$ -$ 5,033$ -$ 292,526$
AMERCO's notes and loans payable - 630,533 874,144 - 1,504,677 - - - 1,504,677
Policy benefits and losses, claims and loss expenses payable - 360,308 - - 360,308 291,318 137,748 - 789,374
Liabilities from investment contracts - - - - - - 339,198 - 339,198
Other policyholders' funds and liabilities - - - - - 6,854 3,613 - 10,467
Deferred income - 11,781 - - 11,781 - - - 11,781
Deferred income taxes 167,523 - - - 167,523 (36,783) (4,707) - 126,033
Related party liabilities - 1,135,916 - (1,131,730) (c) 4,186 2,048 3,308 (9,542) (c) -
Total liabilities 168,447 2,420,204 879,047 (1,131,730) 2,335,968 263,437 484,193 (9,542) 3,074,056
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
Additional paid-in capital 419,370 121,230 147,481 (268,711) (b) 419,370 86,121 26,271 (112,392) (b) 419,370
Accumulated other comprehensive income (loss) (55,279) (56,870) - 56,870 (b) (55,279) 63 1,528 (1,591) (b) (55,279)
Retained earnings (deficit) 915,415 (419,043) (327,586) 746,629 (b) 915,415 59,094 120,443 (179,537) (b) 915,415
Cost of common shares in treasury, net (524,677) - - - (524,677) - - - (524,677)
Unearned employee stock ownership plan shares - (6,895) - - (6,895) - - - (6,895)
Total stockholders' equity (deficit) 765,326 (361,038) (180,104) 534,247 758,431 148,578 150,742 (299,320) 758,431
Total liabilities and stockholders' equity 933,773$ 2,059,166$ 698,943$ (597,483)$ 3,094,399$ 412,015$ 634,935$ (308,862)$ 3,832,487$
(a) Balances as of December 31, 2007
(b) Eliminate investment in subsidiaries
(c) Eliminate intercompany receivables and payables
Moving & Storage AMERCO Legal Group
(In thousands)