U-Haul 2016 Annual Report Download - page 110

Download and view the complete annual report

Please find page 110 of the 2016 U-Haul annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 130

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130

F-54
CONDENSED FINANCIAL INFORMATION OF AMERCO
STATEMENTS OF OPERATIONS
Years Ended March 31,
2016
2015
2014
(In thousands, except share and per share data)
Revenues:
Net interest income and other revenues
$
2,420
$
4,862
$
6,465
Expenses:
Operating expenses
7,525
7,055
6,636
Other expenses
111
99
97
Total expenses
7,636
7,154
6,733
Equity in earnings of subsidiaries
417,087
300,566
287,803
Interest income
93,873
75,241
86,916
Pretax earnings
505,744
373,515
374,451
Income tax expense
(16,743)
(16,774)
(32,060)
Earnings available to common shareholders
$
489,001
$
356,741
$
342,391
Basic and diluted earnings per common share
$
24.95
$
18.21
$
17.51
Weighted average common shares outstanding: Basic and diluted
19,596,110
19,586,633
19,558,758
The accompanying notes are an integral part of these condensed consolidated financial statements.
CONDENSED FINANCIAL INFORMATION OF AMERCO
STATEMENTS OF COMPREHENSIVE INCOME
Years Ended March 31,
2016
2015
2014
(In thousands, except share and per share data)
Net earnings
$
489,001
$
356,741
$
342,391
Other comprehensive income (loss)
(26,160)
19,558
(31,243)
Total comprehensive income
$
462,841
$
376,299
$
311,148
The accompanying notes are an integral part of these condensed consolidated financial statements.