XML 96 R60.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statement of Operations by Industry Segment (Details) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenues:        
Self-moving equipment rentals $ 598,931 $ 538,361 $ 1,120,580 $ 1,005,355
Self-storage revenues 45,572 37,978 87,671 72,714
Self-moving and self-storage products and service sales 65,379 61,730 136,070 128,908
Property management fees 5,292 4,902 10,453 9,762
Life insurance premiums 39,448 47,667 80,510 94,093
Property and casualty insurance premiums 10,867 8,947 18,833 16,190
Net investment and interest income 19,960 15,853 38,949 30,370
Other revenue 51,042 28,679 90,256 54,401
Total revenues 836,491 744,117 1,583,322 1,411,793
Costs and expenses:        
Operating expenses 350,540 310,214 660,041 593,607
Commission expenses 78,378 68,564 147,005 129,671
Cost of sales 34,532 30,912 70,102 63,139
Benefits and losses 37,992 48,472 80,625 96,810
Amortization of deferred policy acquisition costs 6,057 3,088 9,740 5,899
Lease expense 25,818 29,591 52,825 62,387
Depreciation, net of (gains) losses on disposals 63,208 58,954 120,642 115,079
Total costs and expenses 596,525 549,795 1,140,980 1,066,592
Earnings (loss) from operations before equity in earnings of subsidiaries 239,966 194,322 442,342 345,201
Equity in earnings of subsidiaries 0 0 0 0
Earnings from operations 239,966 194,322 442,342 345,201
Interest income (expense) (23,118) (22,113) (46,446) (45,604)
Pretax earnings 216,848 172,209 395,896 299,597
Income tax expense (78,857) (62,789) (144,937) (109,608)
Earnings available to common shareholders 137,991 109,420 250,959 189,989
Operating Segments | Property and Casualty Insurance
       
Revenues:        
Self-moving equipment rentals 0 [1] 0 [2] 0 [3] 0 [4]
Self-storage revenues 0 [1] 0 [2] 0 [3] 0 [4]
Self-moving and self-storage products and service sales 0 [1] 0 [2] 0 [3] 0 [4]
Property management fees 0 [1] 0 [2] 0 [3] 0 [4]
Life insurance premiums 0 [1] 0 [2] 0 [3] 0 [4]
Property and casualty insurance premiums 10,867 [1] 8,947 [2] 18,833 [3] 16,190 [4]
Net investment and interest income 2,463 [1] 2,266 [2] 4,940 [3] 4,466 [4]
Other revenue 0 [1] 0 [2] 0 [3] 0 [4]
Total revenues 13,330 [1] 11,213 [2] 23,773 [3] 20,656 [4]
Costs and expenses:        
Operating expenses 4,419 [1] 4,482 [2] 8,515 [3] 7,772 [4]
Commission expenses 0 [1] 0 [2] 0 [3] 0 [4]
Cost of sales 0 [1] 0 [2] 0 [3] 0 [4]
Benefits and losses 2,500 [1] 4,389 [2] 4,457 [3] 7,955 [4]
Amortization of deferred policy acquisition costs 0 [1] 0 [2] 0 [3] 0 [4]
Lease expense 0 [1] 0 [2] 0 [3] 0 [4]
Depreciation, net of (gains) losses on disposals 0 [1] 0 [2] 0 [3] 0 [4]
Total costs and expenses 6,919 [1] 8,871 [2] 12,972 [3] 15,727 [4]
Earnings (loss) from operations before equity in earnings of subsidiaries 6,411 [1] 2,342 [2] 10,801 [3] 4,929 [4]
Equity in earnings of subsidiaries 0 [1] 0 [2] 0 [3] 0 [4]
Earnings from operations 6,411 [1] 2,342 [2] 10,801 [3] 4,929 [4]
Interest income (expense) 0 [1] 0 [2] 0 [3] 0 [4]
Pretax earnings 6,411 [1] 2,342 [2] 10,801 [3] 4,929 [4]
Income tax expense (2,243) [1] (819) [2] (3,780) [3] (1,725) [4]
Earnings available to common shareholders 4,168 [1] 1,523 [2] 7,021 [3] 3,204 [4]
Operating Segments | Life Insurance
       
Revenues:        
Self-moving equipment rentals 0 [1] 0 [2] 0 [3] 0 [4]
Self-storage revenues 0 [1] 0 [2] 0 [3] 0 [4]
Self-moving and self-storage products and service sales 0 [1] 0 [2] 0 [3] 0 [4]
Property management fees 0 [1] 0 [2] 0 [3] 0 [4]
Life insurance premiums 39,448 [1] 47,667 [2] 80,510 [3] 94,093 [4]
Property and casualty insurance premiums 0 [1] 0 [2] 0 [3] 0 [4]
Net investment and interest income 14,255 [1] 9,799 [2] 27,477 [3] 19,069 [4]
Other revenue 970 [1] 758 [2] 1,465 [3] 1,204 [4]
Total revenues 54,673 [1] 58,224 [2] 109,452 [3] 114,366 [4]
Costs and expenses:        
Operating expenses 5,582 [1] 6,831 [2] 11,942 [3] 13,986 [4]
Commission expenses 0 [1] 0 [2] 0 [3] 0 [4]
Cost of sales 0 [1] 0 [2] 0 [3] 0 [4]
Benefits and losses 35,492 [1] 44,083 [2] 76,168 [3] 88,855 [4]
Amortization of deferred policy acquisition costs 6,057 [1] 3,088 [2] 9,740 [3] 5,899 [4]
Lease expense 0 [1] 0 [2] 0 [3] 0 [4]
Depreciation, net of (gains) losses on disposals 0 [1] 0 [2] 0 [3] 0 [4]
Total costs and expenses 47,131 [1] 54,002 [2] 97,850 [3] 108,740 [4]
Earnings (loss) from operations before equity in earnings of subsidiaries 7,542 [1] 4,222 [2] 11,602 [3] 5,626 [4]
Equity in earnings of subsidiaries 0 [1] 0 [2] 0 [3] 0 [4]
Earnings from operations 7,542 [1] 4,222 [2] 11,602 [3] 5,626 [4]
Interest income (expense) 0 [1] 0 [2] 0 [3] 0 [4]
Pretax earnings 7,542 [1] 4,222 [2] 11,602 [3] 5,626 [4]
Income tax expense (2,635) [1] (1,060) [2] (4,040) [3] (1,563) [4]
Earnings available to common shareholders 4,907 [1] 3,162 [2] 7,562 [3] 4,063 [4]
Operating Segments | Moving and Storage Operating Segment
       
Revenues:        
Self-moving equipment rentals 599,657 538,767 1,121,740 1,006,082
Self-storage revenues 45,572 37,978 87,671 72,714
Self-moving and self-storage products and service sales 65,379 61,730 136,070 128,908
Property management fees 5,292 4,902 10,453 9,762
Life insurance premiums 0 0 0 0
Property and casualty insurance premiums 0 0 0 0
Net investment and interest income 3,374 3,900 6,783 7,035
Other revenue 52,925 28,292 93,885 53,917
Total revenues 772,199 675,569 1,456,602 1,278,418
Costs and expenses:        
Operating expenses 344,109 299,675 645,820 573,280
Commission expenses 78,378 68,564 147,005 129,671
Cost of sales 34,532 30,912 70,102 63,139
Benefits and losses 0 0 0 0
Amortization of deferred policy acquisition costs 0 0 0 0
Lease expense 25,863 29,637 52,916 62,463
Depreciation, net of (gains) losses on disposals 63,208 58,954 120,642 115,079
Total costs and expenses 546,090 487,742 1,036,485 943,632
Earnings (loss) from operations before equity in earnings of subsidiaries 226,109 187,827 420,117 334,786
Equity in earnings of subsidiaries 9,075 4,685 14,583 7,267
Earnings from operations 235,184 192,512 434,700 342,053
Interest income (expense) (23,214) (22,182) (46,624) (45,744)
Pretax earnings 211,970 170,330 388,076 296,309
Income tax expense (73,979) (60,910) (137,117) (106,320)
Earnings available to common shareholders 137,991 109,420 250,959 189,989
Operating Segments | Moving and Storage Operating Segment | AMERCO
       
Revenues:        
Self-moving equipment rentals 0 0 0 0
Self-storage revenues 0 0 0 0
Self-moving and self-storage products and service sales 0 0 0 0
Property management fees 0 0 0 0
Life insurance premiums 0 0 0 0
Property and casualty insurance premiums 0 0 0 0
Net investment and interest income 1,277 1,339 2,515 2,592
Other revenue 0 0 0 81
Total revenues 1,277 1,339 2,515 2,673
Costs and expenses:        
Operating expenses 2,064 5,285 4,285 8,747
Commission expenses 0 0 0 0
Cost of sales 0 0 0 0
Benefits and losses 0 0 0 0
Amortization of deferred policy acquisition costs 0 0 0 0
Lease expense 23 22 46 46
Depreciation, net of (gains) losses on disposals 2 2 3 3
Total costs and expenses 2,089 5,309 4,334 8,796
Earnings (loss) from operations before equity in earnings of subsidiaries (812) (3,970) (1,819) (6,123)
Equity in earnings of subsidiaries 125,151 97,509 224,946 164,124
Earnings from operations 124,339 93,539 223,127 158,001
Interest income (expense) 21,177 23,181 43,109 47,841
Pretax earnings 145,516 116,720 266,236 205,842
Income tax expense (7,525) (7,300) (15,277) (15,853)
Earnings available to common shareholders 137,991 109,420 250,959 189,989
Operating Segments | Moving and Storage Operating Segment | U-Haul
       
Revenues:        
Self-moving equipment rentals 599,657 538,767 1,121,740 1,006,082
Self-storage revenues 45,266 37,698 87,088 72,150
Self-moving and self-storage products and service sales 65,379 61,730 136,070 128,908
Property management fees 5,292 4,902 10,453 9,762
Life insurance premiums 0 0 0 0
Property and casualty insurance premiums 0 0 0 0
Net investment and interest income 2,025 2,317 4,195 4,005
Other revenue 54,630 29,889 97,160 57,056
Total revenues 772,249 675,303 1,456,706 1,277,963
Costs and expenses:        
Operating expenses 366,287 315,267 689,294 605,578
Commission expenses 78,378 68,564 147,005 129,671
Cost of sales 34,532 30,912 70,102 63,139
Benefits and losses 0 0 0 0
Amortization of deferred policy acquisition costs 0 0 0 0
Lease expense 25,837 29,609 52,835 62,406
Depreciation, net of (gains) losses on disposals 58,735 55,560 112,901 107,880
Total costs and expenses 563,769 499,912 1,072,137 968,674
Earnings (loss) from operations before equity in earnings of subsidiaries 208,480 175,391 384,569 309,289
Equity in earnings of subsidiaries 0 0 0 0
Earnings from operations 208,480 175,391 384,569 309,289
Interest income (expense) (27,027) (30,965) (57,071) (65,119)
Pretax earnings 181,453 144,426 327,498 244,170
Income tax expense (66,042) (52,844) (120,038) (89,257)
Earnings available to common shareholders 115,411 91,582 207,460 154,913
Operating Segments | Moving and Storage Operating Segment | Real Estate
       
Revenues:        
Self-moving equipment rentals 0 0 0 0
Self-storage revenues 306 280 583 564
Self-moving and self-storage products and service sales 0 0 0 0
Property management fees 0 0 0 0
Life insurance premiums 0 0 0 0
Property and casualty insurance premiums 0 0 0 0
Net investment and interest income 72 244 73 438
Other revenue 25,425 21,616 49,994 42,701
Total revenues 25,803 22,140 50,650 43,703
Costs and expenses:        
Operating expenses 2,888 2,336 5,510 4,876
Commission expenses 0 0 0 0
Cost of sales 0 0 0 0
Benefits and losses 0 0 0 0
Amortization of deferred policy acquisition costs 0 0 0 0
Lease expense 3 6 35 11
Depreciation, net of (gains) losses on disposals 4,471 3,392 7,738 7,196
Total costs and expenses 7,362 5,734 13,283 12,083
Earnings (loss) from operations before equity in earnings of subsidiaries 18,441 16,406 37,367 31,620
Equity in earnings of subsidiaries 0 0 0 0
Earnings from operations 18,441 16,406 37,367 31,620
Interest income (expense) (17,364) (14,398) (32,662) (28,466)
Pretax earnings 1,077 2,008 4,705 3,154
Income tax expense (412) (766) (1,802) (1,210)
Earnings available to common shareholders 665 1,242 2,903 1,944
Operating Segments | Moving and Storage Operating Segment | Moving and Storage Operating Eliminations
       
Revenues:        
Self-moving equipment rentals 0 0 0 0
Self-storage revenues 0 0 0 0
Self-moving and self-storage products and service sales 0 0 0 0
Property management fees 0 0 0 0
Life insurance premiums 0 0 0 0
Property and casualty insurance premiums 0 0 0 0
Net investment and interest income 0 0 0 0
Other revenue (27,130) [5] (23,213) [5] (53,269) [5] (45,921) [5]
Total revenues (27,130) (23,213) (53,269) (45,921)
Costs and expenses:        
Operating expenses (27,130) [5] (23,213) [5] (53,269) [5] (45,921) [5]
Commission expenses 0 0 0 0
Cost of sales 0 0 0 0
Benefits and losses 0 0 0 0
Amortization of deferred policy acquisition costs 0 0 0 0
Lease expense 0 0 0 0
Depreciation, net of (gains) losses on disposals 0 0 0 0
Total costs and expenses (27,130) (23,213) (53,269) (45,921)
Earnings (loss) from operations before equity in earnings of subsidiaries 0 0 0 0
Equity in earnings of subsidiaries (116,076) [6] (92,824) [6] (210,363) [6] (156,857) [6]
Earnings from operations (116,076) (92,824) (210,363) (156,857)
Interest income (expense) 0 0 0 0
Pretax earnings (116,076) (92,824) (210,363) (156,857)
Income tax expense 0 0 0 0
Earnings available to common shareholders (116,076) (92,824) (210,363) (156,857)
Eliminations
       
Revenues:        
Self-moving equipment rentals (726) [7] (406) [7] (1,160) [7] (727) [7]
Self-storage revenues 0 0 0 0
Self-moving and self-storage products and service sales 0 0 0 0
Property management fees 0 0 0 0
Life insurance premiums 0 0 0 0
Property and casualty insurance premiums 0 0 0 0
Net investment and interest income (132) [5] (112) [5] (251) [5] (200) [5]
Other revenue (2,853) [5] (371) [5] (5,094) [5] (720) [5]
Total revenues (3,711) (889) (6,505) (1,647)
Costs and expenses:        
Operating expenses (3,570) [5],[7] (774) [5],[7] (6,236) [5],[7] (1,431) [5],[7]
Commission expenses 0 0 0 0
Cost of sales 0 0 0 0
Benefits and losses 0 0 0 0
Amortization of deferred policy acquisition costs 0 0 0 0
Lease expense (45) [5] (46) [5] (91) [5] (76) [5]
Depreciation, net of (gains) losses on disposals 0 0 0 0
Total costs and expenses (3,615) (820) (6,327) (1,507)
Earnings (loss) from operations before equity in earnings of subsidiaries (96) (69) (178) (140)
Equity in earnings of subsidiaries (9,075) [6] (4,685) [6] (14,583) [6] (7,267) [6]
Earnings from operations (9,171) (4,754) (14,761) (7,407)
Interest income (expense) 96 [5] 69 [5] 178 [5] 140 [5]
Pretax earnings (9,075) (4,685) (14,583) (7,267)
Income tax expense 0 0 0 0
Earnings available to common shareholders $ (9,075) $ (4,685) $ (14,583) $ (7,267)
[1] Balances for the quarter ended June 30, 2013
[2] Balances for the quarter ended June 30, 2012
[3] Balances for the six months ended June 30, 2013
[4] Balances for the six months ended June 30, 2012
[5] Eliminate intercompany lease / interest income
[6] Eliminate equity in earnings of subsidiaries
[7] Eliminate intercompany premiums