U-Haul 2008 Annual Report Download - page 60

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AMERCO AND CONSOLIDATED ENTITIES
CONSOLIDATED BALANCE SHEETS
2008 2007
ASSETS
Cash and cash e
q
uivalents $ 206,622 $ 75,272
Reinsurance recoverables and trade receivables, net 201,116 184,617
Notes and mort
g
a
g
e receivables, net 2,088 1,669
Inventories, net 65,349 67,023
Pre
p
aid ex
p
enses 56,159 52,080
Investments, fixed maturities and marketable e
q
uities 633,784 681,801
Investments, other 185,591 178,699
Deferred
p
olic
y
ac
q
uisition costs, net 35,578 44,514
Other assets 131,138 95,123
Related
p
art
y
assets 303,886 245,179
1,821,311 1,625,977
Pro
p
ert
y
,
p
lant and e
q
ui
p
ment, at cost:
Land 208,164 202,917
Buildin
g
s and im
p
rovements 859,882 802,289
Furniture and e
q
ui
p
ment 309,960 301,751
Rental trailers and other rental e
q
ui
p
ment 205,572 200,208
Rental trucks 1,734,425 1,604,123
SAC Holdin
g
II -
p
ro
p
ert
y
,
p
lant and e
q
ui
p
ment - 80,349
3,318,003 3,191,637
Less: Accumulated de
p
reciation
(
1,306,827
)
(
1,294,566
)
Total
p
ro
p
ert
y
,
p
lant and e
q
ui
p
ment 2,011,176 1,897,071
Total assets $ 3,832,487 $ 3,523,048
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities:
Accounts
p
a
y
able and accrued ex
p
enses $ 292,526 $ 251,197
AMERCO's notes and loans
p
a
y
able 1,504,677 1,181,165
SAC Holdin
g
II notes and loans
p
a
y
able, non-recourse to AMERCO - 74,887
Polic
y
benefits and losses, claims and loss ex
p
enses
p
a
y
able 789,374 768,751
Liabilities from investment contracts 339,198 386,640
Other
p
olic
y
holders' funds and liabilities 10,467 10,563
Deferred income 11,781 16,478
Deferred income taxes 126,033 113,170
Related
p
art
y
liabilities - 2,099
Total liabilities 3,074,056 2,804,950
Commitments and contin
g
encies
(
notes 9, 15,16, 17 and 19
)
Stockholders' e
q
uit
y
:
Series
p
referred stock, with or without
p
ar value, 50,000,000 shares authorized:
Series A
p
referred stock, with no
p
ar value, 6,100,000 shares authorized;
6,100,000 shares issued and outstandin
g
as of March 31, 2008 and 2007 - -
Series B
p
referred stock, with no
p
ar value, 100,000 shares authorized; none
issued and outstandin
g
as of March 31, 2008 and 2007
-
-
Series common stock, with or without
p
ar value, 150,000,000 shares authorized:
Series A common stock of $0.25
p
ar value, 10,000,000 shares authorized;
none issued as of March 31, 2008 and March 31, 2007 - -
Common stock of $0.25
p
ar value, 150,000,000 shares authorized; 41,985,700
issued as of March 31, 2008 and March 31, 2007 10,497 10,497
Additional
p
aid-in ca
p
ital 419,370 375,412
Accumulated other com
p
rehensive loss
(
55,279
)
(
41,779
)
Retained earnin
g
s915,415 849,300
Cost of common shares in treasur
y
, net
(
22,354,386 and 21,440,387 shares as of
March 31, 2008 and 2007
)
(
524,677
)
(
467,198
)
Unearned em
p
lo
y
ee stock ownershi
p
p
lan shares
(
6,895
)
(
8,134
)
Total stockholders' e
q
uit
y
758,431 718,098
Total liabilities and stockholders' equit
y
$ 3,832,487 $ 3,523,048
March 31,
(In thousands)
The accompanying notes are an integral part of these consolidated financial statements.
F-3