U-Haul 2016 Annual Report Download - page 58
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F-2
AMERCO AND CONSOLIDATED SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
March 31,
2016
2015
(In thousands, except share data)
ASSETS
Cash and cash equivalents
$
600,646
$
441,850
Reinsurance recoverables and trade receivables, net
175,210
189,869
Inventories, net
79,756
69,472
Prepaid expenses
134,300
126,296
Investments, fixed maturities and marketable equities
1,510,538
1,304,962
Investments, other
310,072
268,720
Deferred policy acquisition costs, net
136,386
115,422
Other assets
100,572
106,157
Related party assets
85,734
141,790
3,133,214
2,764,538
Property, plant and equipment, at cost:
Land
587,347
467,482
Buildings and improvements
2,187,400
1,728,033
Furniture and equipment
399,943
355,349
Rental trailers and other rental equipment
462,379
436,642
Rental trucks
3,514,175
3,059,987
7,151,244
6,047,493
Less: Accumulated depreciation
(2,133,733)
(1,939,856)
Total property, plant and equipment
5,017,511
4,107,637
Total assets
$
8,150,725
$
6,872,175
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities:
Accounts payable and accrued expenses
$
502,613
$
496,370
Notes, loans and leases payable
2,688,758
2,190,869
Policy benefits and losses, claims and loss expenses payable
1,071,412
1,062,188
Liabilities from investment contracts
951,490
685,745
Other policyholders' funds and liabilities
8,650
7,764
Deferred income
22,784
18,081
Deferred income taxes, net
653,612
526,799
Total liabilities
5,899,319
4,987,816
Commitments and contingencies (notes 9, 16, 17, and 18)
Stockholders' equity:
Series preferred stock, with or without par value, 50,000,000 shares authorized:
Series A preferred stock, with no par value, 6,100,000 shares authorized;
6,100,000 shares issued and none outstanding as of March 31, 2016 and 2015
–
–
Series B preferred stock, with no par value, 100,000 shares authorized; none
issued and outstanding as of March 31, 2016 and 2015
–
–
Series common stock, with or without par value, 150,000,000 shares authorized:
Series A common stock of $0.25 par value, 10,000,000 shares authorized;
none issued and outstanding as of March 31, 2016 and 2015
–
–
Common stock, with 0.25 par value, 150,000,000 shares authorized:
Common stock of $0.25 par value, 150,000,000 shares authorized; 41,985,700
issued and 19,607,788 outstanding as of March 31, 2016 and 2015
10,497
10,497
Additional paid-in capital
451,629
449,668
Accumulated other comprehensive loss
(60,525)
(34,365)
Retained earnings
2,533,641
2,142,600
Cost of common shares in treasury, net (22,377,912 shares as of March 31, 2016 and 2015)
(525,653)
(525,653)
Cost of preferred shares in treasury, net (6,100,000 shares as of March 31, 2016 and 2015)
(151,997)
(151,997)
Unearned employee stock ownership plan shares
(6,186)
(6,391)
Total stockholders' equity
2,251,406
1,884,359
Total liabilities and stockholders' equity
$
8,150,725
$
6,872,175
The accompanying notes are an integral part of these consolidated financial statements.