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

6 Months Ended

Sep. 30, 2012

Table Text Block Supplement [Abstract]

Consolidated cash flow statement by industry segment

Consolidating cash flow statements by industry segment for the six months ended September 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	$	189,989		$	154,913		$	1,944		$	(156,857	)	$	189,989		$	3,204		$	4,063		$	(7,267	)		$	189,989
Earnings from consolidated entities		(164,124	)		-			-			156,857			(7,267	)		-			-			7,267				-
Adjustments to reconcile net earnings to the cash provided by operations:
Depreciation		3			120,651			7,473			-			128,127			-			-			-				128,127
Amortization of deferred policy acquisition costs		-			-			-			-			-			-			5,899			-				5,899
Change in allowance for losses on trade receivables		-			(3	)		-			-			(3	)		-			-			-				(3	)
Change in allowance for inventory reserve		-			1,705			-			-			1,705			-			-			-				1,705
Net gain on sale of real and personal property		-			(12,771	)		(277	)		-			(13,048	)		-			-			-				(13,048	)
Net (gain) loss on sale of investments		-			-			-			-			-			(16	)		254			-				238
Deferred income taxes		27,899			-			-			-			27,899			584			(3,557	)		-				24,926
Net change in other operating assets and liabilities:
Reinsurance recoverables and trade receivables		-			(11,281	)		-			-			(11,281	)		44,699			(2	)		-				33,416
Inventories		-			(1,629	)		-			-			(1,629	)		-			-			-				(1,629	)
Prepaid expenses		7,558			(6,910	)		(226	)		-			422			-			-			-				422
Capitalization of deferred policy acquisition costs		-			-			-			-			-			-			(24,489	)		-				(24,489	)
Other assets		3			20,161			(1,284	)		-			18,880			914			(24	)		-				19,770
Related party assets		12			143,163			-			-			143,175			(1,748	)		-			(840	)	(b)		140,587
Accounts payable and accrued expenses		2,045			31,336			466			-			33,847			-			11,565			-				45,412
Policy benefits and losses, claims and loss expenses payable		-			11,972			-			-			11,972			(47,835	)		18,450			-				(17,413	)
Other policyholders' funds and liabilities		-			-			-			-			-			(310	)		4,440			-				4,130
Deferred income		-			(671	)		-			-			(671	)		-			-			-				(671	)
Related party liabilities		-			967			-			-			967			245			43			840		(b)		2,095
Net cash provided (used) by operating activities		63,385			451,603			8,096			-			523,084			(263	)		16,642			-				539,463
Cash flows from investing activities:
Purchases of:
Property, plant and equipment		(2	)		(240,045	)		(40,939	)		-			(280,986	)		-			-			-				(280,986	)
Short term investments		-			-			-			-			-			(37,553	)		(113,434	)		-				(150,987	)
Fixed maturities investments		-			-			-			-			-			(10,316	)		(169,625	)		-				(179,941	)
Equity securities		-			-			-			-			-			(26	)		-			-				(26	)
Preferred stock		-			-			-			-			-			(1,200	)		-			-				(1,200	)
Real estate		-			-			-			-			-			-			(792	)		-				(792	)
Mortgage loans		-			(5,016	)		(30,787	)		-			(35,803	)		(1,821	)		(13,204	)		-				(50,828	)
Proceeds from sales of:
Property, plant and equipment		-			132,204			393			-			132,597			-			-			-				132,597
Short term investments		-			-			-			-			-			22,174			132,375			-				154,549
Fixed maturities investments		-			-			-			-			-			23,662			28,924			-				52,586
Equity securities		-			-			-			-			-			-			-			-				-
Preferred stock		-			-			-			-			-			1,453			-			-				1,453
Real estate		-			-			586			-			586			-			4			-				590
Mortgage loans		-			8,029			1,073			-			9,102			939			2,659			-				12,700
Net cash provided (used) by investing activities		(2	)		(104,828	)		(69,674	)		-			(174,504	)		(2,688	)		(133,093	)		-				(310,285	)
	(page 1 of 2)
(a) Balance for the six months ended June 30, 2012
(b) Elimination of intercompany investments

Continuation of consolidating cash flow statements by industry segment for the six months ended September 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		-			27,147			61,700			-		88,847			-			-			-		88,847
Principal repayments on credit facilities		-			(110,799	)		(60,697	)		-		(171,496	)		-			-			-		(171,496	)
Debt issuance costs		-			(20	)		(990	)		-		(1,010	)		-			-			-		(1,010	)
Capital lease payments		-			(9,883	)		-			-		(9,883	)		-			-			-		(9,883	)
Leveraged Employee Stock Ownership Plan - repayments from loan		-			316			-			-		316			-			-			-		316
Proceeds from (repayment of) intercompany loans		163,363			(225,651	)		62,288			-		-			-			-			-		-
Securitization deposits		-			(1,729	)		-			-		(1,729	)		-			-			-		(1,729	)
Net contribution from (to) related party		(1,500	)		-			-			-		(1,500	)		1,500			-			-		-
Investment contract deposits		-			-			-			-		-			-			169,933			-		169,933
Investment contract withdrawals		-			-			-			-		-			-			(15,275	)		-		(15,275	)
Net cash provided (used) by financing activities		161,863			(320,619	)		62,301			-		(96,455	)		1,500			154,658			-		59,703
Effects of exchange rate on cash		-			(240	)		-			-		(240	)		-			-			-		(240	)
Increase (decrease) in cash and cash equivalents		225,246			25,916			723			-		251,885			(1,451	)		38,207			-		288,641
Cash and cash equivalents at beginning of period		201,502			106,951			775			-		309,228			22,542			25,410			-		357,180
Cash and cash equivalents at end of period	$	426,748		$	132,867		$	1,498		$	-	$	561,113		$	21,091		$	63,617		$	-	$	645,821
	(page 2 of 2)
(a) Balance for the six months ended June 30, 2012

Consolidating cash flow statements by industry segment for the six months ended September 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	$	179,562		$	140,630		$	2,115		$	(142,745	)	$	179,562		$	2,662		$	5,129		$	(8,119	)		$	179,234
Earnings from consolidated entities		(150,536	)		-			-			142,745			(7,791	)		-			-			7,791				-
Adjustments to reconcile net earnings to cash provided by operations:
Depreciation		3			103,407			6,639			-			110,049			-			-			-				110,049
Amortization of deferred policy acquisition costs		-			-			-			-			-			-			7,050			-				7,050
Change in allowance for losses on trade receivables		-			(18	)		-			-			(18	)		-			2			-				(16	)
Change in allowance for inventory reserve		-			2,008			-			-			2,008			-			-			-				2,008
Net gain on sale of real and personal property		-			(17,386	)		(241	)		-			(17,627	)		-			-			-				(17,627	)
Net gain on sale of investments		(488	)		-			-			-			(488	)		(645	)		(3,747	)		-				(4,880	)
Deferred income taxes		84,448			-			-			-			84,448			998			3,683			-				89,129
Net change in other operating assets and liabilities:
Reinsurance recoverables and trade receivables		-			(7,169	)		-			-			(7,169	)		(8,357	)		(6,427	)		-				(21,953	)
Inventories		-			177			-			-			177			-			-			-				177
Prepaid expenses		10,540			(1,577	)		(261	)		-			8,702			-			-			-				8,702
Capitalization of deferred policy acquisition costs		-			-			-			-			-			-			(9,010	)		-				(9,010	)
Other assets		2,168			19,245			212			-			21,625			375			(27	)		-				21,973
Related party assets		14			5,048			(24	)		-			5,038			(1,167	)		(250	)		2,023		(b)		5,644
Accounts payable and accrued expenses		1,598			8,331			105			-			10,034			-			1,311			(18	)	(b)		11,327
Policy benefits and losses, claims and loss expenses payable		-			(4,527	)		-			-			(4,527	)		13,244			27,140			-				35,857
Other policyholders' funds and liabilities		-			-			-			-			-			(1,847	)		(1,295	)		-				(3,142	)
Deferred income		-			4,558			-			-			4,558			-			-			-				4,558
Related party liabilities		-			2,364			-			-			2,364			(150	)		59			(2,005	)	(b)		268
Net cash provided (used) by operating activities		127,309			255,091			8,545			-			390,945			5,113			23,618			(328	)			419,348
Cash flows from investing activities:
Purchases of:
Property, plant and equipment		-			(321,109	)		(27,222	)		-			(348,331	)		-			-			-				(348,331	)
Short term investments		-			-			-			-			-			(33,880	)		(105,327	)		-				(139,207	)
Fixed maturities investments		-			-			-			-			-			(9,434	)		(126,937	)		-				(136,371	)
Equity securities		(8,855	)		-			-			-			(8,855	)		(201	)		-			-				(9,056	)
Preferred stock		-			-			-			-			-			(1,633	)		-			-				(1,633	)
Real estate		-			-			(5,062	)		-			(5,062	)		(84	)		-			-				(5,146	)
Mortgage loans		-			(75	)		(47,649	)		-			(47,724	)		(26,331	)		(17,734	)		26,177		(b)		(65,612	)
Proceeds from sales of:
Property, plant and equipment		-			109,781			508			-			110,289			-			-			-				110,289
Short term investments		-			-			-			-			-			36,923			117,137			-				154,060
Fixed maturities investments		-			-			-			-			-			11,478			85,532			-				97,010
Equity securities		8,800			-			-			-			8,800			1,410			-			-				10,210
Preferred stock		-			-			-			-			-			6,252			2,708			(7,708	)	(b)		1,252
Real estate		-			-			-			-			-			69			40			-				109
Mortgage loans		-			2,051			38,609			-			40,660			12,464			2,775			(26,177	)	(b)		29,722
Net cash provided (used) by investing activities		(55	)		(209,352	)		(40,816	)		-			(250,223	)		(2,967	)		(41,806	)		(7,708	)			(302,704	)
	(page 1 of 2)
(a) Balance for the six months ended June 30, 2011
(b) Elimination of intercompany investments

Continuation of consolidating cash flow statements by industry segment for the six months ended September 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		-			109,694			68,598			-		178,292			-		-			-			178,292
Principal repayments on credit facilities		-			(54,624	)		(44,478	)		-		(99,102	)		-		-			-			(99,102	)
Debt issuance costs		-			(1,230	)		(86	)		-		(1,316	)		-		-			-			(1,316	)
Capital lease payments		-			(3,505	)		-			-		(3,505	)		-		-			-			(3,505	)
Leveraged Employee Stock Ownership Plan - repayments from loan		-			556			-			-		556			-		-			-			556
Proceeds from (repayment of) intercompany loans		67,961			(76,259	)		8,298			-		-			-		-			-			-
Securitization deposits		-			38,428			-			-		38,428			-		-			-			38,428
Preferred stock redemption paid		(151,997	)		-			-			-		(151,997	)		-		-			7,708	(b)		(144,289	)
Preferred stock dividends paid		(3,241	)		-			-			-		(3,241	)		-		-			328	(c)		(2,913	)
Contribution to related party		(518	)		-			-			-		(518	)		-		-			-			(518	)
Investment contract deposits		-			-			-			-		-			-		6,228			-			6,228
Investment contract withdrawals		-			-			-			-		-			-		(15,419	)		-			(15,419	)
Net cash provided (used) by financing activities		(87,795	)		13,060			32,332			-		(42,403	)		-		(9,191	)		8,036			(43,558	)
Effects of exchange rate on cash		-			(389	)		-			-		(389	)		-		-			-			(389	)
Increase (decrease) in cash and cash equivalents		39,459			58,410			61			-		97,930			2,146		(27,379	)		-			72,697
Cash and cash equivalents at beginning of period		250,104			72,634			757			-		323,495			21,718		37,301			-			382,514
Cash and cash equivalents at end of period	$	289,563		$	131,044		$	818		$	-	$	421,425		$	23,864	$	9,922		$	-		$	455,211
	(page 2 of 2)
(a) Balance for the six months ended June 30, 2011
(b) Elimination of intercompany investments
(c) Eliminate preferred stock dividends paid to affiliate