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

9 Months Ended

Dec. 31, 2012

Table Text Block Supplement [Abstract]

Consolidated cash flow statement by industry segment

Consolidating cash flow statements by industry segment for the nine months ended December 31, 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	$	226,835	$	169,442	$	6,205	$	(175,647	)	$	226,835	$	4,544	$	8,368	$	(12,912	)	$	226,835
Earnings from consolidated entities		(188,559	)	-		-		175,647			(12,912	)	-		-		12,912			-
Adjustments to reconcile net earnings to the cash provided by operations:
Depreciation		4		181,084		11,269		-			192,357		-		-		-			192,357
Amortization of deferred policy acquisition costs		-		-		-		-			-		-		9,290		-			9,290
Change in allowance for losses on trade receivables		-		(73	)	-		-			(73	)	-		-		-			(73	)
Change in allowance for inventory reserve		-		2,050		-		-			2,050		-		-		-			2,050
Net gain on sale of real and personal property		-		(13,075	)	(1,804	)	-			(14,879	)	-		-		-			(14,879	)
Net (gain) loss on sale of investments		-		-		-		-			-		28		(1,078	)	-			(1,050	)
Deferred income taxes		17,882		-		-		-			17,882		1,306		(1,431	)	-			17,757
Net change in other operating assets and liabilities:
Reinsurance recoverables and trade receivables		-		12,293		-		-			12,293		58,841		575		-			71,709
Inventories		-		696		-		-			696		-		-		-			696
Prepaid expenses		(3,082	)	(9,972	)	(229	)	-			(13,283	)	-		-		-			(13,283	)
Capitalization of deferred policy acquisition costs		-		-		-		-			-		-		(43,085	)	-			(43,085	)
Other assets		3		22,271		(569	)	-			21,705		1,018		(11	)	-			22,712
Related party assets		(2	)	140,035		2		-			140,035		(1,202	)	-		(791	)		138,042
Accounts payable and accrued expenses		1,818		(32	)	538		-			2,324		-		(3,196	)	-			(872	)
Policy benefits and losses, claims and loss expenses payable		-		8,481		-		-			8,481		(60,391	)	21,684		-			(30,226	)
Other policyholders' funds and liabilities		-		-		-		-			-		(585	)	(340	)	-			(925	)
Deferred income		-		(3,704	)	-		-			(3,704	)	-		-		-			(3,704	)
Related party liabilities		-		1,064		-		-			1,064		632		483		791	(b)		2,970
Net cash provided (used) by operating activities		54,899		510,560		15,412		-			580,871		4,191		(8,741	)	-			576,321
Cash flows from investing activities:
Purchases of:
Property, plant and equipment		(2	)	(351,914	)	(70,924	)	-			(422,840	)	-		-		-			(422,840	)
Short term investments		-		-		-		-			-		(58,775	)	(230,998	)	-			(289,773	)
Fixed maturities investments		-		-		-		-			-		(17,141	)	(291,149	)	-			(308,290	)
Equity securities		-		-		-		-			-		(3,130	)	-		-			(3,130	)
Preferred stock		-		-		-		-			-		(2,761	)	-		-			(2,761	)
Real estate		-		-		(243	)	-			(243	)	-		(810	)	-			(1,053	)
Mortgage loans		-		(4,968	)	(30,590	)	-			(35,558	)	(1,821	)	(13,204	)	-			(50,583	)
Proceeds from sales of:
Property, plant and equipment		-		161,668		5,236		-			166,904		-		-		-			166,904
Short term investments		-		-		-		-			-		32,548		248,308		-			280,856
Fixed maturities investments		-		-		-		-			-		30,298		54,834		-			85,132
Equity securities		-		-		-		-			-		-		-		-			-
Preferred stock		-		-		-		-			-		5,728		-		-			5,728
Real estate		-		-		667		-			667		-		4		-			671
Mortgage loans		-		14,848		29,500		-			44,348		1,311		3,556		-			49,215
Net cash provided (used) by investing activities		(2	)	(180,366	)	(66,354	)	-			(246,722	)	(13,743	)	(229,459	)	-			(489,924	)
		(page 1 of 2)
(a) Balance for the nine months ended September 30, 2012
(b) Elimination of intercompany investments

Continuation of consolidating cash flow statements by industry segment for the nine months ended December 31, 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		-		89,619		161,700		-		251,319		-		-		-		251,319
Principal repayments on credit facilities		-		(142,750	)	(91,948	)	-		(234,698	)	-		-		-		(234,698	)
Debt issuance costs		-		(301	)	(2,051	)	-		(2,352	)	-		-		-		(2,352	)
Capital lease payments		-		(18,310	)	-		-		(18,310	)	-		-		-		(18,310	)
Leveraged Employee Stock Ownership Plan - repayments from loan		-		559		-		-		559		-		-		-		559
Proceeds from (repayment of) intercompany loans		194,277		(178,247	)	(16,030	)	-		-		-		-		-		-
Securitization deposits		-		(1,729	)	-		-		(1,729	)	-		-		-		(1,729	)
Common stock dividends paid		(97,421	)	-		-		-		(97,421	)	-		-		-		(97,421	)
Net contribution from (to) related party		(1,500	)	-		-		-		(1,500	)	1,500		-		-		-
Investment contract deposits		-		-		-		-		-		-		268,478		-		268,478
Investment contract withdrawals		-		-		-		-		-		-		(22,937	)	-		(22,937	)
Net cash provided (used) by financing activities		95,356		(251,159	)	51,671		-		(104,132	)	1,500		245,541		-		142,909
Effects of exchange rate on cash		-		(362	)	-		-		(362	)	-		-		-		(362	)
Increase (decrease) in cash and cash equivalents		150,253		78,673		729		-		229,655		(8,052	)	7,341		-		228,944
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	$	351,755	$	185,624	$	1,504	$	-	$	538,883	$	14,490	$	32,751	$	-	$	586,124
		(page 2 of 2)
(a) Balance for the nine months ended September 30, 2012

Consolidating cash flow statements by industry segment for the nine months ended December 31, 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 (loss)	$	180,290	$	150,812	$	3,309	$	(154,121	)	$	180,290	$	(25,576	)	9,414	$	15,834		$	179,962
Earnings from consolidated entities		(137,959	)	-		-		154,121			16,162		-		-		(16,162	)		-
Adjustments to reconcile net earnings to cash provided by operations:
Depreciation		4		156,952		10,066		-			167,022		-		-		-			167,022
Amortization of deferred policy acquisition costs		-		-		-		-			-		-		10,716		-			10,716
Change in allowance for losses on trade receivables		-		(91	)	-		-			(91	)	-		2		-			(89	)
Change in allowance for inventory reserve		-		3,005		-		-			3,005		-		-		-			3,005
Net gain on sale of real and personal property		-		(18,085	)	(241	)	-			(18,326	)	-		-		-			(18,326	)
Net gain on sale of investments		(488	)	-		-		-			(488	)	(674	)	(4,292	)	-			(5,454	)
Deferred income taxes		103,901		-		-		-			103,901		(14,232	)	4,912		-			94,581
Net change in other operating assets and liabilities:
Reinsurance recoverables and trade receivables		-		(12,391	)	-		-			(12,391	)	(64,802	)	(68,534	)	-			(145,727	)
Inventories		-		173		-		-			173		-		-		-			173
Prepaid expenses		3,067		(134	)	(267	)	-			2,666		-		-		-			2,666
Capitalization of deferred policy acquisition costs		-		-		-		-			-		-		(19,072	)	-			(19,072	)
Other assets		2,543		7,740		(7,291	)	-			2,992		521		110		-			3,623
Related party assets		(101	)	(4,837	)	(24	)	-			(4,962	)	(1,898	)	(502	)	2,005	(b)		(5,357	)
Accounts payable and accrued expenses		2,032		4,755		382		-			7,169		-		259		-			7,428
Policy benefits and losses, claims and loss expenses payable		-		(11,752	)	-		-			(11,752	)	118,921		114,628		-			221,797
Other policyholders' funds and liabilities		-		-		-		-			-		(1,716	)	(1,617	)	-			(3,333	)
Deferred income		-		1,070		-		-			1,070		-		-		-			1,070
Related party liabilities		-		5,215		-		-			5,215		(227	)	(18	)	(2,005	)		2,965
Net cash provided (used) by operating activities		153,289		282,432		5,934		-			441,655		10,317		46,006		(328	)		497,650
Cash flows from investing activities:
Purchases of:
Property, plant and equipment		-		(380,205	)	(41,538	)	-			(421,743	)	-		-		-			(421,743	)
Short term investments		-		-		-		-			-		(46,100	)	(123,213	)	-			(169,313	)
Fixed maturities investments		-		-		-		-			-		(27,047	)	(145,523	)	-			(172,570	)
Equity securities		(8,855	)	-		-		-			(8,855	)	(193	)	-		-			(9,048	)
Preferred stock		-		-		-		-			-		(1,617	)	-		-			(1,617	)
Real estate		-		-		(5,064	)	-			(5,064	)	(137	)	-		-			(5,201	)
Mortgage loans		-		(8,476	)	(58,284	)	-			(66,760	)	(34,275	)	(17,734	)	24,658	(b)		(94,111	)
Proceeds from sales of:
Property, plant and equipment		-		139,344		508		-			139,852		-		-		-			139,852
Short term investments		-		-		-		-			-		64,029		122,912		-			186,941
Fixed maturities investments		-		-		-		-			-		19,271		97,338		-			116,609
Equity securities		8,800		-		-		-			8,800		1,410		-		-			10,210
Preferred stock		-		-		-		-			-		6,252		2,708		(7,708	)		1,252
Real estate		-		-		-		-			-		106		40		-			146
Mortgage loans		-		9,241		40,180		-			49,421		12,617		3,503		(24,658	)		40,883
Net cash provided (used) by investing activities		(55	)	(240,096	)	(64,198	)	-			(304,349	)	(5,684	)	(59,969	)	(7,708	)		(377,710	)
		(page 1 of 2)
(a) Balance for the nine months ended September 30, 2011
(b) Elimination of intercompany investments

Continuation of consolidating cash flow statements by industry segment for the nine months ended December 31, 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		-		150,642		83,920		-		234,562		-		-		-			234,562
Principal repayments on credit facilities		-		(101,275	)	(65,340	)	-		(166,615	)	-		-		-			(166,615	)
Debt issuance costs		-		(1,380	)	(408	)	-		(1,788	)	-		-		-			(1,788	)
Capital lease payments		-		(5,962	)	-		-		(5,962	)	-		-		-			(5,962	)
Leveraged Employee Stock Ownership Plan - repayments from loan		-		827		-		-		827		-		-		-			827
Proceeds from (repayment of) intercompany loans		41,915		(82,017	)	40,102		-		-		-		-		-			-
Securitization deposits		-		40,500		-		-		40,500		-		-		-			40,500
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		-		-		-		-		-		-		10,810		-			10,810
Investment contract withdrawals		-		-		-		-		-		-		(21,419	)	-			(21,419	)
Net cash provided (used) by financing activities		(113,841	)	1,335		58,274		-		(54,232	)	-		(10,609	)	8,036			(56,805	)
Effects of exchange rate on cash		-		(306	)	-		-		(306	)	-		-		-			(306	)
Increase (decrease) in cash and cash equivalents		39,393		43,365		10		-		82,768		4,633		(24,572	)	-			62,829
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	$	289,497	$	115,999	$	767	$	-	$	406,263	$	26,351	$	12,729	$	-		$	445,343
		(page 2 of 2)
(a) Balance for the nine months ended September 30, 2011
(b) Elimination of intercompany investments
(c) Eliminate preferred stock dividends paid to affiliate