U-Haul 2009 Annual Report Download - page 58

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AMERCO AND CONSOLIDATED ENTITIES
CONSOLIDATED BALANCE SHEETS
2009 2008
ASSETS
Cash and cash equivalents $ 240,587 $ 206,622
Reinsurance recoverables and trade receivables, net 213,853 202,765
Notes and mortgage receivables, net 2,931 2,088
Inventories, net 70,749 65,349
Prepaid expenses 54,201 56,159
Investments, fixed maturities and marketable e
q
uities 519,631 633,784
Investments, other 227,022 185,591
Deferred policy acquisition costs, net 44,993 35,578
Other assets 133,644 129,489
Related party assets 303,534 303,886
1,811,145 1,821,311
Pro
p
ert
y
,
p
lant and e
q
ui
p
ment, at cost:
Land 212,744 208,164
Buildings and improvements 920,294 859,882
Furniture and equipment 333,314 309,960
Rental trailers and other rental equipment 214,988 205,572
Rental trucks 1,666,151 1,734,425
3,347,491 3,318,003
Less: Accumulated de
p
reciation
(
1,333,563
)
(
1,306,827
)
Total property, plant and equipment 2,013,928 2,011,176
Total assets $ 3,825,073 $ 3,832,487
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities:
Accounts payable and accrued expenses $ 329,227 $ 292,526
AMERCO's notes, loans and leases
p
a
y
able 1,546,490 1,504,677
Policy benefits and losses, claims and loss expenses payable 779,309 789,374
Liabilities from investment contracts 303,332 339,198
Other policyholders' funds and liabilities 11,961 10,467
Deferred income 24,612 11,781
Deferred income taxes 112,513 126,033
Total liabilities 3,107,444 3,074,056
Commitments and contingencies (notes 10, 17, 18, 19 and 20)
Stockholders' equity:
Series preferred stock, with or without par value, 50,000,000 shares authorized:
Series A preferred stock, with no par value, 6,100,000 shares authorized;
6,100,000 shares issued and outstanding as of March 31, 2009 and 2008 - -
Series B
p
referred stock, with no
p
ar value, 100,000 shares authorized; none
issued and outstandin
g
as of March 31, 2009 and 2008
-
-
Series common stock, with or without par value, 150,000,000 shares authorized:
Series A common stock of $0.25 par value, 10,000,000 shares authorized;
none issued as of March 31, 2009 and 2008 - -
Common stock of $0.25 par value, 150,000,000 shares authorized; 41,985,700
issued as of March 31, 2009 and 2008 10,497 10,497
Additional
p
aid-in ca
p
ital 420,588 419,370
Accumulated other comprehensive loss (98,000) (55,279)
Retained earnings 915,862 915,415
Cost of common shares in treasury, net (22,377,912 and 22,354,386 shares as of
March 31, 2009 and 2008) (525,653) (524,677)
Unearned employee stock ownership plan shares (5,665) (6,895)
Total stockholders' e
q
uit
y
717,629 758,431
Total liabilities and stockholders' equity $ 3,825,073 $ 3,832,487
March 31,
(In thousands)
The accompanying notes are an integral part of these consolidated financial statements.
F-3