Consolidated Cash Flow Statement by Industry Segment (Table Text Block)

3 Months Ended

Jun. 30, 2012

Table Text Block Supplement [Abstract]

Consolidated cash flow statement by industry segment

Consolidating cash flow statements by industry segment for the quarter ended June 30, 2012 are as follows:

	Moving & Storage												AMERCO Legal Group
	AMERCO			U-Haul			Real Estate			Elimination			Moving & Storage Consolidated			Property & Casualty Insurance (a)			Life Insurance (a)			Elimination				AMERCO Consolidated
	(Unaudited)
Cash flows from operating activities:	(In thousands)
Net earnings	$	80,569		$	63,331		$	702		$	(64,033	)	$	80,569		$	1,681		$	901		$	(2,582	)		$	80,569
Earnings from consolidated entities		(66,615	)		-			-			64,033			(2,582	)		-			-			2,582				-
Adjustments to reconcile net earnings to the cash provided by operations:
Depreciation		1			59,836			3,804			-			63,641			-			-			-				63,641
Amortization of deferred policy acquisition costs		-			-			-			-			-			-			2,811			-				2,811
Change in allowance for losses on trade receivables		-			(102	)		-			-			(102	)		-			-			-				(102	)
Change in allowance for inventory reserve		-			695			-			-			695			-			-			-				695
Net gain on sale of real and personal property		-			(7,516	)		-			-			(7,516	)		-			-			-				(7,516	)
Net loss on sale of investments		-			-			-			-			-			12			27			-				39
Deferred income taxes		4,399			-			-			-			4,399			(236	)		478			-				4,641
Net change in other operating assets and liabilities:
Reinsurance recoverables and trade receivables		-			(12,416	)		-			-			(12,416	)		38,152			(2,250	)		-				23,486
Inventories		-			(5,398	)		-			-			(5,398	)		-			-			-				(5,398	)
Prepaid expenses		9,496			(9,063	)		(166	)		-			267			-			-			-				267
Capitalization of deferred policy acquisition costs		-			-			-			-			-			-			(5,420	)		-				(5,420	)
Other assets		3			19,649			(259	)		-			19,393			1,164			(39	)		-				20,518
Related party assets		(1,488	)		146,547			2			-			145,061			(222	)		-			(5,320	)	(b)		139,519
Accounts payable and accrued expenses		27,709			20,736			181			-			48,626			-			(645	)		-				47,981
Policy benefits and losses, claims and loss expenses payable		-			6,777			-			-			6,777			(42,772	)		11,753			-				(24,242	)
Other policyholders' funds and liabilities		-			-			-			-			-			(703	)		(1,181	)		-				(1,884	)
Deferred income		-			6,457			-			-			6,457			-			-			-				6,457
Related party liabilities		-			1,447			-			-			1,447			105			(21	)		-				1,531
Net cash provided (used) by operating activities		54,074			290,980			4,264			-			349,318			(2,819	)		6,414			(5,320	)			347,593
Cash flows from investing activities:
Purchases of:
Property, plant and equipment		-			(131,874	)		(25,912	)		-			(157,786	)		-			-			-				(157,786	)
Short term investments		-			-			-			-			-			(22,430	)		(37,965	)		5,320		(b)		(55,075	)
Fixed maturities investments		-			-			-			-			-			(9,576	)		(40,977	)		-				(50,553	)
Mortgage loans		-			(5,048	)		(7,583	)		-			(12,631	)		(1,821	)		-			-				(14,452	)
Proceeds from sales of:
Property, plant and equipment		-			62,426			-			-			62,426			-			-			-				62,426
Short term investments		-			-			-			-			-			19,710			46,683			-				66,393
Fixed maturities investments		-			-			-			-			-			12,983			10,995			-				23,978
Preferred stock		-			-			-						-			1,003			-			-				1,003
Real estate		-			-			-			-			-			-			4			-				4
Mortgage loans		-			8,029			1,073			-			9,102			577			1,868			-				11,547
Net cash provided (used) by investing activities		-			(66,467	)		(32,422	)		-			(98,889	)		446			(19,392	)		5,320				(112,515	)
	(page 1 of 2)
(a) Balance for the period ended March 31, 2012
(b) Eliminate intercompany investments

Continuation of consolidating cash flow statements by industry segment for the quarter ended June 30, 2012 are as follows:

	Moving & Storage											AMERCO Legal Group
	AMERCO			U-Haul			Real Estate			Elimination		Moving & Storage Consolidated			Property & Casualty Insurance (a)			Life Insurance (a)			Elimination		AMERCO Consolidated
	(Unaudited)
Cash flows from financing activities:	(In thousands)
Borrowings from credit facilities		-			26,187			-			-		26,187			-			-			-		26,187
Principal repayments on credit facilities		-			(55,254	)		(5,888	)		-		(61,142	)		-			-			-		(61,142	)
Capital lease payments		-			(3,888	)		-			-		(3,888	)		-			-			-		(3,888	)
Leveraged Employee Stock Ownership Plan - repayments from loan		-			162			-			-		162			-			-			-		162
Securitization deposits		-			(908	)		-					(908	)		-			-			-		(908	)
Proceeds from (repayment of) intercompany loans		(55,326	)		21,300			34,026			-		-			-			-			-		-
Investment contract deposits		-			-			-			-		-			-			28,993			-		28,993
Investment contract withdrawals		-			-			-			-		-			-			(7,967	)		-		(7,967	)
Net cash provided (used) by financing activities		(55,326	)		(12,401	)		28,138			-		(39,589	)		-			21,026			-		(18,563	)
Effects of exchange rate on cash		-			(376	)		-			-		(376	)		-			-			-		(376	)
Increase (decrease) in cash and cash equivalents		(1,252	)		211,736			(20	)		-		210,464			(2,373	)		8,048			-		216,139
Cash and cash equivalents at beginning of period		201,502			106,951			775			-		309,228			15,462			25,410			-		350,100
Cash and cash equivalents at end of period	$	200,250		$	318,687		$	755		$	-	$	519,692		$	13,089		$	33,458		$	-	$	566,239
	(page 2 of 2)
(a) Balance for the period ended March 31, 2012

Consolidating cash flow statements by industry segment for the quarter ended June 30, 2011 are as follows:

	Moving & Storage												AMERCO Legal Group
	AMERCO			U-Haul			Real Estate			Elimination			Moving & Storage Consolidated			Property & Casualty Insurance (a)			Life Insurance (a)			Elimination				AMERCO Consolidated
	(Unaudited)
Cash flows from operating activities:	(In thousands)
Net earnings	$	78,380		$	60,184		$	1,066		$	(61,250	)	$	78,380		$	1,234		$	1,367		$	(2,758	)		$	78,223
Earnings from consolidated entities		(63,851	)		-			-			61,250			(2,601	)		-			-			2,601				-
Adjustments to reconcile net earnings to cash provided by operations:
Depreciation		1			50,815			3,252			-			54,068			-			-			-				54,068
Amortization of deferred policy acquisition costs		-			-			-			-			-			-			4,375			-				4,375
Change in allowance for losses on trade receivables		-			133			-			-			133			-			2			-				135
Change in allowance for inventory reserve		-			1,377			-			-			1,377			-			-			-				1,377
Net gain on sale of real and personal property		-			(9,414	)		(296	)		-			(9,710	)		-			-			-				(9,710	)
Net (gain) loss on sale of investments		(488	)		-			-			-			(488	)		21			(3,049	)		-				(3,516	)
Deferred income taxes		30,142			-			-			-			30,142			210			2,094			-				32,446
Net change in other operating assets and liabilities:
Reinsurance recoverables and trade receivables		-			(9,582	)		-			-			(9,582	)		(1,229	)		(26,335	)		-				(37,146	)
Inventories		-			(393	)		-			-			(393	)		-			-			-				(393	)
Prepaid expenses		8,958			(7,623	)		(185	)		-			1,150			-			-			-				1,150
Capitalization of deferred policy acquisition costs		-			-			-			-			-			-			(4,518	)		-				(4,518	)
Other assets		160			9,108			1,128			-			10,396			215			(25	)		-				10,586
Related party assets		12			4,527			(15	)		-			4,524			(7	)		-			(7,715	)	(b)		(3,198	)
Accounts payable and accrued expenses		911			(1,286	)		(109	)		-			(484	)		-			18,018			-				17,534
Policy benefits and losses, claims and loss expenses payable		-			(9,933	)		-			-			(9,933	)		1,726			12,724			-				4,517
Other policyholders' funds and liabilities		-			-			-			-			-			141			(1,225	)		-				(1,084	)
Deferred income		-			8,328			-			-			8,328			-			-			-				8,328
Related party liabilities		-			636			-			-			636			(363	)		(28	)		-				245
Net cash provided (used) by operating activities		54,225			96,877			4,841			-			155,943			1,948			3,400			(7,872	)			153,419
Cash flows from investing activities:
Purchases of:
Property, plant and equipment		-			(214,039	)		(1,740	)		-			(215,779	)		-			-			-				(215,779	)
Short term investments		-			-			-			-			-			(15,853	)		(50,510	)		-				(66,363	)
Fixed maturities investments		-			-			-			-			-			(7,831	)		(67,228	)		-				(75,059	)
Equity securities		(8,759	)		-			-						(8,759	)		-			-			-				(8,759	)
Preferred stock		-			-			-			-			-			(541	)		-			-				(541	)
Real estate		-			-			-			-			-			(12	)		-			-				(12	)
Mortgage loans		-			(5	)		(47,751	)		-			(47,756	)		(11,639	)		(2,984	)		26,177		(b)		(36,202	)
Proceeds from sales of:
Property, plant and equipment		-			54,501			509			-			55,010			-			-			-				55,010
Short term investments		-			-			-			-			-			19,134			60,743			-				79,877
Fixed maturities investments		-			-			-			-			-			8,649			57,386			-				66,035
Equity securities		8,800			-			-			-			8,800			-			-			-				8,800
Preferred stock		-			-			-			-			-			1,000			-			-				1,000
Real estate		-			-			-			-			-			34			-			-				34
Mortgage loans		-			-			33,626			-			33,626			9,915			628			(26,177	)	(b)		17,992
Net cash provided (used) by investing activities		41			(159,543	)		(15,356	)		-			(174,858	)		2,856			(1,965	)		-				(173,967	)
	(page 1 of 2)
(a) Balance for the period ended March 31, 2011
(b) Eliminate intercompany investments

Continuation of consolidating cash flow statements by industry segment for the quarter ended June 30, 2011 are as follows:

	Moving & Storage											AMERCO Legal Group
	AMERCO			U-Haul			Real Estate			Elimination		Moving & Storage Consolidated			Property & Casualty Insurance (a)		Life Insurance (a)			Elimination			AMERCO Consolidated
	(Unaudited)
Cash flows from financing activities:	(In thousands)
Borrowings from credit facilities		-			28,558			30,000			-		58,558			-		-			-			58,558
Principal repayments on credit facilities		-			(21,673	)		(20,579	)		-		(42,252	)		-		-			-			(42,252	)
Debt issuance costs		-			(474	)		(86	)		-		(560	)		-		-			-			(560	)
Capital lease payments		-			(1,727	)		-			-		(1,727	)		-		-			-			(1,727	)
Leveraged Employee Stock Ownership Plan - repayments from loan		-			280			-			-		280			-		-			-			280
Proceeds from (repayment of) intercompany loans		(78,996	)		77,734			1,262					-			-		-			-			-
Securitization deposits		-			27,953			-			-		27,953			-		-			-			27,953
Preferred stock redemption paid		(151,997	)		-			-			-		(151,997	)		-		-			7,708	(b)		(144,289	)
Preferred stock dividends paid		(3,241	)		-			-			-		(3,241	)		-		-			164	(c)		(3,077	)
Contribution from related party		(518	)		-			-					(518	)		-		-			-			(518	)
Investment contract deposits		-			-			-			-		-			-		2,588			-			2,588
Investment contract withdrawals		-			-			-			-		-			-		(8,195	)		-			(8,195	)
Net cash provided (used) by financing activities		(234,752	)		110,651			10,597			-		(113,504	)		-		(5,607	)		7,872			(111,239	)
Effects of exchange rate on cash		-			44			-			-		44			-		-			-			44
Increase (decrease) in cash and cash equivalents		(180,486	)		48,029			82			-		(132,375	)		4,804		(4,172	)		-			(131,743	)
Cash and cash equivalents at beginning of period		250,104			72,634			757			-		323,495			14,700		37,301			-			375,496
Cash and cash equivalents at end of period	$	69,618		$	120,663		$	839		$	-	$	191,120		$	19,504	$	33,129		$	-		$	243,753
	(page 2 of 2)
(a) Balance for the period ended March 31, 2011
(b) Eliminate intercompany investments
(c) Eliminate preferred stock dividends paid to affiliate