U-Haul 2011 Annual Report Download - page 112
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CONDENSED FINANCIAL INFORMATION OF AMERCO
STATEMENTS OF OPERATIONS
2011 2010 2009
Revenues:
Net interest income from subsidiaries $ 5,160 $ 4,390 $ 4,389
Expenses:
Operating expenses 7,489 8,120 8,873
Other expenses 99 102 109
Total expenses 7,588 8,222 8,982
Equity in earnings of subsidiaries 132,570 7,208 (41,557)
Interest income 85,584 96,274 92,854
Pretax earnings 215,726 99,650 46,704
Income tax expense (31,600) (33,920) (33,294)
Net earnings 184,126 65,730 13,410
Less: Preferred stock dividends (12,963) (12,963) (12,963)
Earnings available to common shareholders $ 171,163 $ 52,767 $ 447
Basic and diluted earnings per common share $ 8.81 $2.72 $0.02
Weighted average common shares outstanding: Basic and diluted 19,432,781 19,386,791 19,350,041
(In thousands, except share and per share data)
Years Ended March 31,
The accompanying notes are an integral part of these condensed consolidated financial statements.
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