U-Haul 2009 Annual Report Download - page 99

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AMERCO AND CONSOLIDATED ENTITIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS -- (CONTINUED)
F-44
Consolidating balance sheets by industry segment as of March 31, 2009 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 2,228$ 312,863$ 4,518$ -$ 319,609$ -$ 9,618$ -$ 329,227$
AMERCO's notes, loans and leases payable - 622,588 923,902 - 1,546,490 - - - 1,546,490
Policy benefits and losses, claims and loss expenses payable - 358,280 - - 358,280 288,449 132,580 - 779,309
Liabilities from investment contracts - - - - - - 303,332 - 303,332
Other policyholders' funds and liabilities - - - - - 9,776 2,185 - 11,961
Deferred income - 24,612 - - 24,612 - - - 24,612
Deferred income taxes 161,039 - - - 161,039 (36,758) (11,768) - 112,513
Related party liabilities - 1,197,855 - (1,195,060) (c) 2,795 2,358 121 (5,274) (c) -
Total liabilities 163,267 2,516,198 928,420 (1,195,060) 2,412,825 263,825 436,068 (5,274) 3,107,444
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 3,301 2,500 (5,801) (b) 10,497
Additional paid-in capital 420,588 121,230 147,481 (268,711) (b) 420,588 89,620 26,271 (115,891) (b) 420,588
Accumulated other comprehensive income (loss) (98,000) (90,677) - 90,677 (b) (98,000) (3,589) (3,734) 7,323 (b) (98,000)
Retained earnings (deficit) 915,862 (483,223) (321,215) 804,438 (b) 915,862 58,595 131,684 (190,279) (b) 915,862
Cost of common shares in treasury, net (525,653) - - - (525,653) - - - (525,653)
Unearned employee stock ownership plan shares - (5,665) - - (5,665) - - - (5,665)
Total stockholders' equity (deficit) 723,294 (457,795) (173,733) 625,863 717,629 147,927 156,721 (304,648) 717,629
Total liabilities and stockholders' equity 886,561$ 2,058,403$ 754,687$ (569,197)$ 3,130,454$ 411,752$ 592,789$ (309,922)$ 3,825,073$
(a) Balances as of December 31, 2008
(b) Eliminate investment in subsidiaries
(c) Eliminate intercompany receivables and payables
Moving & Storage AMERCO Legal Group
(In thousands)