U-Haul 2011 Annual Report Download - page 100

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AMERCO AND CONSOLIDATED SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS -- (CONTINUED)
F-44
Consolidating balance sheets by industry segment as of March 31, 2010 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 12,496$ 275,150$ 4,212$ -$ 291,858$ -$ 4,199$ -$ 296,057$
Notes, loans and leases payable - 508,930 838,705 - 1,347,635 - - - 1,347,635
Policy benefits and losses, claims and loss expenses payable - 385,520 - - 385,520 272,438 158,951 - 816,909
Liabilities from investment contracts - - - - - - 268,810 - 268,810
Other policyholders' funds and liabilities - - - - - 5,609 2,546 - 8,155
Deferred income - 25,207 - - 25,207 - - - 25,207
Deferred income taxes 220,659 - - - 220,659 (32,819) (936) (134) (d) 186,770
Related party liabilities - 1,081,278 40,438 (1,118,983) (c) 2,733 1,655 127 (4,515) (c) -
Total liabilities 233,155 2,276,085 883,355 (1,118,983) 2,273,612 246,883 433,697 (4,649) 2,949,543
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 422,384 121,230 147,941 (269,171) (b) 422,384 89,620 26,271 (118,464) (b,d) 419,811
Accumulated other comprehensive loss (55,959) (62,138) - 62,138 (b) (55,959) 242 5,625 (6,115) (b,d) (56,207)
Retained earnings (deficit) 968,629 (502,779) (309,273) 812,052 (b) 968,629 58,514 138,823 (196,949) (b,d) 969,017
Cost of common shares in treasury, net (525,653) - - - (525,653) - - - (525,653)
Unearned employee stock ownership plan shares - (4,554) - - (4,554) - - - (4,554)
Total stockholders' equity (deficit) 819,898 (447,701) (161,331) 604,478 815,344 151,677 173,219 (327,329) 812,911
Total liabilities and stockholders' equit
y
1,053,053$ 1,828,384$ 722,024$ (514,505)$ 3,088,956$ 398,560$ 606,916$ (331,978)$ 3,762,454$
(a) Balances as of December 31, 2009
(b) Eliminate investment in subsidiaries
(c) Eliminate intercompany receivables and payables
(d) Eliminate intercompany preferred stock investment
Moving & Storage AMERCO Legal Group
(In thousands)