XML 33 R79.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Financial Information of AMERCO, Statements of Cash Flow (Table Text Block)
 12 Months Ended
Mar. 31, 2014
Table Text Block [Abstract]  
Condensed Financial Information of AMERCO, Statement of Cash Flow
CONDENSED FINANCIAL INFORMATION OF AMERCO
 
Years Ended March 31,
STATEMENTS OF CASH FLOW
 
2014
 
2013
 
2012
 
 
(In thousands)
 
 
 
 
Cash flows from operating activities:
 
 
 
 
 
 
Net earnings
$
             342,391
 $
    264,708
 $
             205,695
Change in investments in subsidiaries
 
           (287,803)
 
  (212,164)
 
           (149,160)
Adjustments to reconcile net earnings to cash provided by operations:
 
 
 
 
 
 
Depreciation
 
                             5
 
                     5
 
                             5
Net gain on sale of investments
 
                 (1,325)
 
                (76)
 
                     (488)
Deferred income taxes
 
                34,605
 
          9,206
 
             109,680
Net change in other operating assets and liabilities:
 
 
 
 
 
 
Prepaid expenses
 
                   3,938
 
     (12,979)
 
                   6,470
Other assets
 
                        (41)
 
               365
 
                   2,380
Accounts payable and accrued expenses
 
                   6,589
 
          2,659
 
                   4,163
Net cash provided by operating activities
 
                98,359
 
       51,724
 
             178,745
 
 
 
 
 
 
 
Cash flows from investing activities:
 
 
 
 
 
 
Purchases of property, plant and equipment
 
                           (2)
 
                   (2)
 
                           (1)
Purchases of equity securities
 
 -
 
 -
 
                 (8,855)
Proceeds of equity securities
 
                26,569
 
               372
 
                   8,800
Net cash provided (used) by investing activities
 
                26,567
 
               370
 
                        (56)
 
 
 
 
 
 
 
Cash flows from financing activities:
 
 
 
 
 
 
Proceeds from (repayments) of intercompany loans
 
           (110,933)
 
    172,444
 
              (52,051)
Preferred stock redemption paid
 
 -
 
 -
 
           (151,997)
Preferred stock dividends paid
 
 -
 
 -
 
                 (3,241)
Common stock dividends paid
 
              (19,568)
 
     (97,421)
 
              (19,484)
Contribution to related party
 
 -
 
        (1,500)
 
                     (518)
Net cash provided (used) by financing activities
 
           (130,501)
 
       73,523
 
           (227,291)
 
 
 
 
 
 
 
Increase (decrease) in cash and cash equivalents
 
                 (5,575)
 
    125,617
 
              (48,602)
Cash and cash equivalents at beginning of period
 
             327,119
 
    201,502
 
             250,104
Cash and cash equivalents at end of period
$
             321,544
 $
    327,119
 $
             201,502
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income taxes paid, net of income taxes refunds received, amounted to $138.4 million, $144.7 million and $10.7 million for fiscal 2014, 2013 and 2012, respectively.
 
 
 
 
 
 
The accompanying notes are an integral part of these condensed consolidated financial statements.