U-Haul 2011 Annual Report Download - page 98

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AMERCO AND CONSOLIDATED SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS -- (CONTINUED)
F-42
Consolidating balance sheets by industry segment as of March 31, 2011 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 854$ 294,387$ 3,729$ -$ 298,970$ -$ 5,036$ -$ 304,006$
Notes, loans and leases payable - 693,801 704,041 - 1,397,842 - - - 1,397,842
Policy benefits and losses, claims and loss expenses payable - 397,381 - - 397,381 276,726 253,269 - 927,376
Liabilities from investment contracts - - - - - - 246,717 - 246,717
Other policyholders' funds and liabilities - - - - - 4,820 3,907 - 8,727
Deferred income - 27,209 - - 27,209 - - - 27,209
Deferred income taxes 294,518 - - - 294,518 (29,519) 6,541 (283) (d) 271,257
Related party liabilities - 858,655 233,618 (1,089,457) (c) 2,816 1,816 136 (4,768) (c) -
Total liabilities 295,372 2,271,433 941,388 (1,089,457) 2,418,736 253,843 515,606 (5,051) 3,183,134
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 425,422 121,230 147,941 (269,171) (b) 425,422 89,620 26,271 (123,290) (b,d) 418,023
Accumulated other comprehensive income (loss) (45,942) (57,328) - 57,328 (b) (45,942) 2,707 9,951 (13,183) (b,d) (46,467)
Retained earnings (deficit) 1,139,792 (392,686) (301,723) 694,409 (b) 1,139,792 59,018 149,943 (208,751) (b,d) 1,140,002
Cost of common shares in treasury, net (525,653) - - - (525,653) - - - (525,653)
Unearned employee stock ownership plan shares - (3,382) - - (3,382) - - - (3,382)
Total stockholders' equity (deficit) 1,004,116 (331,626) (153,781) 482,025 1,000,734 154,646 188,665 (351,025) 993,020
Total liabilities and stockholders' equity 1,299,488$ 1,939,807$ 787,607$ (607,432)$ 3,419,470$ 408,489$ 704,271$ (356,076)$ 4,176,154$
(a) Balances as of December 31, 2010
(b) Eliminate investment in subsidiaries
(c) Eliminate intercompany receivables and payables
(d) Eliminate intercompany preferred stock investment
Moving & Storage AMERCO Legal Group
(In thousands)