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Consolidated Statement of Operations by Segment (Table Text Block)
 6 Months Ended
Sep. 30, 2014
Table Text Block Supplement [Abstract]  
Consolidated Statement of Operations by Industry Segment
 
 
Moving & Storage
 
 
 
 
AMERCO Legal Group
 
 
 
 
 
AMERCO
 
U-Haul
 
Real Estate
 
Eliminations
 
 
Moving & Storage
Consolidated
 
Property & Casualty Insurance (a)
 
Life
Insurance (a)
 
Eliminations
 
 
AMERCO
Consolidated
 
 
(Unaudited)
 
 
(In thousands)
Revenues:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Self-moving equipment rentals
$
-
$
654,528
$
-
$
-
 
$
654,528
$
-
$
-
$
(994
 )(c)
$
653,534
Self-storage revenues
 
-
 
52,692
 
294
 
-
 
 
52,986
 
-
 
-
 
-
 
 
52,986
Self-moving and self-storage products and service sales
 
-
 
68,043
 
-
 
-
 
 
68,043
 
-
 
-
 
-
 
 
68,043
Property management fees
 
-
 
5,796
 
-
 
-
 
 
5,796
 
-
 
-
 
-
 
 
5,796
Life insurance premiums
 
-
 
-
 
-
 
-
 
 
-
 
-
 
39,041
 
-
 
 
39,041
Property and casualty insurance premiums
 
-
 
-
 
-
 
-
 
 
-
 
12,463
 
-
 
-
 
 
12,463
Net investment and interest income
 
1,214
 
1,998
 
258
 
-
 
 
3,470
 
4,068
 
14,518
 
(200
 )(b)
 
21,856
Other revenue
 
-
 
53,044
 
28,502
 
(30,224
 )(b)
 
51,322
 
-
 
1,564
 
(114
 )(b)
 
52,772
Total revenues
 
1,214
 
836,101
 
29,054
 
(30,224
 ) 
 
836,145
 
16,531
 
55,123
 
(1,308
 ) 
 
906,491
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Costs and expenses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating expenses
 
1,846
 
397,637
 
3,507
 
(30,224
 )(b)
 
372,766
 
6,711
 
5,592
 
(1,099
 )(b,c)
 
383,970
Commission expenses
 
-
 
76,160
 
-
 
-
 
 
76,160
 
-
 
-
 
-
 
 
76,160
Cost of sales
 
-
 
39,836
 
-
 
-
 
 
39,836
 
-
 
-
 
-
 
 
39,836
Benefits and losses
 
-
 
-
 
-
 
-
 
 
-
 
2,848
 
36,710
 
-
 
 
39,558
Amortization of deferred policy acquisition costs
 
-
 
-
 
-
 
-
 
 
-
 
-
 
4,290
 
-
 
 
4,290
Lease expense
 
24
 
19,787
 
10
 
-
 
 
19,821
 
-
 
-
 
(46
 )(b)
 
19,775
Depreciation, net of (gains) losses on disposals
 
2
 
61,177
 
5,887
 
-
 
 
67,066
 
-
 
-
 
-
 
 
67,066
Total costs and expenses
 
1,872
 
594,597
 
9,404
 
(30,224
 ) 
 
575,649
 
9,559
 
46,592
 
(1,145
 ) 
 
630,655
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings (loss) from operations before equity in earnings of subsidiaries
 
(658
 ) 
241,504
 
19,650
 
-
 
 
260,496
 
6,972
 
8,531
 
(163
 ) 
 
275,836
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Equity in earnings of subsidiaries
 
145,452
 
-
 
-
 
(135,371
 )(d)
 
10,081
 
-
 
-
 
(10,081
 )(d)
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings from operations
 
144,794
 
241,504
 
19,650
 
(135,371
 ) 
 
270,577
 
6,972
 
8,531
 
(10,244
 ) 
 
275,836
Interest income (expense)
 
17,792
 
(22,242
 ) 
(20,590
 ) 
-
 
 
(25,040
 ) 
-
 
-
 
163
(b)
 
(24,877
)
Fees and amortization on early extinguishment of debt
 
-
 
-
 
(4,081
 ) 
-
 
 
(4,081
 ) 
-
 
-
 
-
 
 
(4,081
)
Pretax earnings (loss)
 
162,586
 
219,262
 
(5,021
 ) 
(135,371
 ) 
 
241,456
 
6,972
 
8,531
 
(10,081
 ) 
 
246,878
Income tax (expense) benefit
 
(6,339
 ) 
(80,793
 ) 
1,923
 
-
 
 
(85,209
 ) 
(2,441
 ) 
(2,981
 ) 
-
 
 
(90,631
)
Earnings (loss) available to common shareholders
$
156,247
$
138,469
$
(3,098
 )$
(135,371
 ) 
$
156,247
$
4,531
$
5,550
$
(10,081
 ) 
$
156,247
(a) Balances for the quarter ended June 30, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(b) Eliminate intercompany lease / interest income
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(c) Eliminate intercompany premiums
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(d) Eliminate equity in earnings of subsidiaries
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Consolidating statement of operations by industry segment for the quarter ended September 30, 2013 are as follows:
 
 
Moving & Storage
 
 
 
 
AMERCO Legal Group
 
 
 
 
 
AMERCO
 
U-Haul
 
Real Estate
 
Eliminations
 
 
Moving & Storage
Consolidated
 
Property & Casualty Insurance (a)
 
Life
Insurance (a)
 
Eliminations
 
 
AMERCO
Consolidated
 
 
(Unaudited)
 
 
(In thousands)
Revenues:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Self-moving equipment rentals
$
-
$
599,657
$
-
$
-
 
$
599,657
$
-
$
-
$
(726
 )(c)
$
598,931
Self-storage revenues
 
-
 
45,266
 
306
 
-
 
 
45,572
 
-
 
-
 
-
 
 
45,572
Self-moving and self-storage products and service sales
 
-
 
65,379
 
-
 
-
 
 
65,379
 
-
 
-
 
-
 
 
65,379
Property management fees
 
-
 
5,292
 
-
 
-
 
 
5,292
 
-
 
-
 
-
 
 
5,292
Life insurance premiums
 
-
 
-
 
-
 
-
 
 
-
 
-
 
39,448
 
-
 
 
39,448
Property and casualty insurance premiums
 
-
 
-
 
-
 
-
 
 
-
 
10,867
 
-
 
-
 
 
10,867
Net investment and interest income
 
1,277
 
2,025
 
72
 
-
 
 
3,374
 
2,463
 
14,255
 
(132
 )(b)
 
19,960
Other revenue
 
-
 
54,630
 
25,425
 
(27,130
 )(b)
 
52,925
 
-
 
970
 
(121
 )(b)
 
53,774
Total revenues
 
1,277
 
772,249
 
25,803
 
(27,130
 ) 
 
772,199
 
13,330
 
54,673
 
(979
 ) 
 
839,223
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Costs and expenses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating expenses
 
2,064
 
374,566
 
2,888
 
(27,130
 )(b)
 
352,388
 
4,419
 
5,582
 
(838
 )(b,c)
 
361,551
Commission expenses
 
-
 
70,099
 
-
 
-
 
 
70,099
 
-
 
-
 
-
 
 
70,099
Cost of sales
 
-
 
34,532
 
-
 
-
 
 
34,532
 
-
 
-
 
-
 
 
34,532
Benefits and losses
 
-
 
-
 
-
 
-
 
 
-
 
2,500
 
35,492
 
-
 
 
37,992
Amortization of deferred policy acquisition costs
 
-
 
-
 
-
 
-
 
 
-
 
-
 
6,057
 
-
 
 
6,057
Lease expense
 
23
 
25,837
 
3
 
-
 
 
25,863
 
-
 
-
 
(45
 )(b)
 
25,818
Depreciation, net of (gains) losses on disposals
 
2
 
58,735
 
4,471
 
-
 
 
63,208
 
-
 
-
 
-
 
 
63,208
Total costs and expenses
 
2,089
 
563,769
 
7,362
 
(27,130
 ) 
 
546,090
 
6,919
 
47,131
 
(883
 ) 
 
599,257
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings (loss) from operations before equity in earnings of subsidiaries
 
(812
 ) 
208,480
 
18,441
 
-
 
 
226,109
 
6,411
 
7,542
 
(96
 ) 
 
239,966
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Equity in earnings of subsidiaries
 
125,151
 
-
 
-
 
(116,076
 )(d)
 
9,075
 
-
 
-
 
(9,075
 )(d)
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings from operations
 
124,339
 
208,480
 
18,441
 
(116,076
 ) 
 
235,184
 
6,411
 
7,542
 
(9,171
 ) 
 
239,966
Interest income (expense)
 
21,177
 
(27,027
 ) 
(17,364
 ) 
-
 
 
(23,214
 ) 
-
 
-
 
96
(b)
 
(23,118
)
Pretax earnings
 
145,516
 
181,453
 
1,077
 
(116,076
 ) 
 
211,970
 
6,411
 
7,542
 
(9,075
 ) 
 
216,848
Income tax expense
 
(7,525
 ) 
(66,042
 ) 
(412
 ) 
-
 
 
(73,979
 ) 
(2,243
 ) 
(2,635
 ) 
-
 
 
(78,857
)
Earnings available to common shareholders
$
137,991
$
115,411
$
665
$
(116,076
 ) 
$
137,991
$
4,168
$
4,907
$
(9,075
 ) 
$
137,991
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a) Balances for the quarter ended June 30, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(b) Eliminate intercompany lease / interest income
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(c) Eliminate intercompany premiums
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(d) Eliminate equity in earnings of subsidiaries
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Consolidating statements of operations by industry for the six months ended September 30, 2014 are as follows:
 
 
 
Moving & Storage
 
 
 
 
AMERCO Legal Group
 
 
 
 
 
AMERCO
 
U-Haul
 
Real Estate
 
Eliminations
 
 
Moving & Storage
Consolidated
 
Property & Casualty Insurance (a)
 
Life
Insurance (a)
 
Eliminations
 
 
AMERCO
Consolidated
 
 
(Unaudited)
 
 
(In thousands)
Revenues:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Self-moving equipment rentals
$
-
$
1,230,695
$
-
$
-
 
$
1,230,695
$
-
$
-
$
(1,686
 )(c)
$
1,229,009
Self-storage revenues
 
-
 
101,543
 
577
 
-
 
 
102,120
 
-
 
-
 
-
 
 
102,120
Self-moving and self-storage products and service sales
 
-
 
142,522
 
-
 
-
 
 
142,522
 
-
 
-
 
-
 
 
142,522
Property management fees
 
-
 
11,473
 
-
 
-
 
 
11,473
 
-
 
-
 
-
 
 
11,473
Life insurance premiums
 
-
 
-
 
-
 
-
 
 
-
 
-
 
76,971
 
-
 
 
76,971
Property and casualty insurance premiums
 
-
 
-
 
-
 
-
 
 
-
 
22,081
 
-
 
-
 
 
22,081
Net investment and interest income
 
2,453
 
3,955
 
1,539
 
-
 
 
7,947
 
6,862
 
28,483
 
(390
 )(b)
 
42,902
Other revenue
 
-
 
99,673
 
56,390
 
(59,754
 )(b)
 
96,309
 
-
 
2,289
 
(230
 )(b)
 
98,368
Total revenues
 
2,453
 
1,589,861
 
58,506
 
(59,754
 ) 
 
1,591,066
 
28,943
 
107,743
 
(2,306
 ) 
 
1,725,446
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Costs and expenses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating expenses
 
3,784
 
774,253
 
7,114
 
(59,754
 )(b)
 
725,397
 
12,512
 
11,258
 
(1,898
 )(b,c)
 
747,269
Commission expenses
 
-
 
142,500
 
-
 
-
 
 
142,500
 
-
 
-
 
-
 
 
142,500
Cost of sales
 
-
 
81,464
 
-
 
-
 
 
81,464
 
-
 
-
 
-
 
 
81,464
Benefits and losses
 
-
 
-
 
-
 
-
 
 
-
 
5,437
 
74,905
 
-
 
 
80,342
Amortization of deferred policy acquisition costs
 
-
 
-
 
-
 
-
 
 
-
 
-
 
8,474
 
-
 
 
8,474
Lease expense
 
46
 
42,263
 
26
 
-
 
 
42,335
 
-
 
-
 
(90
 )(b)
 
42,245
Depreciation, net of (gains) losses on disposals
 
3
 
117,187
 
10,927
 
-
 
 
128,117
 
-
 
-
 
-
 
 
128,117
Total costs and expenses
 
3,833
 
1,157,667
 
18,067
 
(59,754
 ) 
 
1,119,813
 
17,949
 
94,637
 
(1,988
 ) 
 
1,230,411
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings (loss) from operations before equity in earnings of subsidiaries
 
(1,380
 ) 
432,194
 
40,439
 
-
 
 
471,253
 
10,994
 
13,106
 
(318
 ) 
 
495,035
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Equity in earnings of subsidiaries
 
256,760
 
-
 
-
 
(241,085
 )(d)
 
15,675
 
-
 
-
 
(15,675
 )(d)
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings from operations
 
255,380
 
432,194
 
40,439
 
(241,085
 ) 
 
486,928
 
10,994
 
13,106
 
(15,993
 ) 
 
495,035
Interest income (expense)
 
39,412
 
(49,141
 ) 
(39,614
 ) 
-
 
 
(49,343
 ) 
-
 
-
 
318
(b)
 
(49,025
)
Fees and amortization on early extinguishment of debt
 
-
 
-
 
(4,081
 ) 
-
 
 
(4,081
 ) 
-
 
-
 
-
 
 
(4,081
)
Pretax earnings (loss)
 
294,792
 
383,053
 
(3,256
 ) 
(241,085
 ) 
 
433,504
 
10,994
 
13,106
 
(15,675
 ) 
 
441,929
Income tax (expense) benefit
 
(14,071
 ) 
(139,962
 ) 
1,250
 
-
 
 
(152,783
 ) 
(3,849
 ) 
(4,576
 ) 
-
 
 
(161,208
)
Earnings (loss) available to common shareholders
$
280,721
$
243,091
$
(2,006
 )$
(241,085
 ) 
$
280,721
$
7,145
$
8,530
$
(15,675
 ) 
$
280,721
(a) Balances for the six months ended June 30, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(b) Eliminate intercompany lease / interest income
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(c) Eliminate intercompany premiums
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(d) Eliminate equity in earnings of subsidiaries
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Consolidating statements of operations by industry for the six months ended September 30, 2013 are as follows:
 
 
 
Moving & Storage
 
 
 
 
AMERCO Legal Group
 
 
 
 
 
AMERCO
 
U-Haul
 
Real Estate
 
Eliminations
 
 
Moving & Storage
Consolidated
 
Property & Casualty Insurance (a)
 
Life
Insurance (a)
 
Eliminations
 
 
AMERCO
Consolidated
 
 
(Unaudited)
 
 
(In thousands)
Revenues:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Self-moving equipment rentals
$
-
$
1,121,740
$
-
$
-
 
$
1,121,740
$
-
$
-
$
(1,160
 )(c)
$
1,120,580
Self-storage revenues
 
-
 
87,088
 
583
 
-
 
 
87,671
 
-
 
-
 
-
 
 
87,671
Self-moving and self-storage products and service sales
 
-
 
136,070
 
-
 
-
 
 
136,070
 
-
 
-
 
-
 
 
136,070
Property management fees
 
-
 
10,453
 
-
 
-
 
 
10,453
 
-
 
-
 
-
 
 
10,453
Life insurance premiums
 
-
 
-
 
-
 
-
 
 
-
 
-
 
80,510
 
-
 
 
80,510
Property and casualty insurance premiums
 
-
 
-
 
-
 
-
 
 
-
 
18,833
 
-
 
-
 
 
18,833
Net investment and interest income
 
2,515
 
4,195
 
73
 
-
 
 
6,783
 
4,940
 
27,477
 
(251
 )(b)
 
38,949
Other revenue
 
-
 
97,160
 
49,994
 
(53,269
 )(b)
 
93,885
 
-
 
1,465
 
(236
 )(b)
 
95,114
Total revenues
 
2,515
 
1,456,706
 
50,650
 
(53,269
 ) 
 
1,456,602
 
23,773
 
109,452
 
(1,647
 ) 
 
1,588,180
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Costs and expenses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating expenses
 
4,285
 
704,910
 
5,510
 
(53,269
 )(b)
 
661,436
 
8,515
 
11,942
 
(1,378
 )(b,c)
 
680,515
Commission expenses
 
-
 
131,389
 
-
 
-
 
 
131,389
 
-
 
-
 
-
 
 
131,389
Cost of sales
 
-
 
70,102
 
-
 
-
 
 
70,102
 
-
 
-
 
-
 
 
70,102
Benefits and losses
 
-
 
-
 
-
 
-
 
 
-
 
4,457
 
76,168
 
-
 
 
80,625
Amortization of deferred policy acquisition costs
 
-
 
-
 
-
 
-
 
 
-
 
-
 
9,740
 
-
 
 
9,740
Lease expense
 
46
 
52,835
 
35
 
-
 
 
52,916
 
-
 
-
 
(91
 )(b)
 
52,825
Depreciation, net of (gains) losses on disposals
 
3
 
112,901
 
7,738
 
-
 
 
120,642
 
-
 
-
 
-
 
 
120,642
Total costs and expenses
 
4,334
 
1,072,137
 
13,283
 
(53,269
 ) 
 
1,036,485
 
12,972
 
97,850
 
(1,469
 ) 
 
1,145,838
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings (loss) from operations before equity in earnings of subsidiaries
 
(1,819
 ) 
384,569
 
37,367
 
-
 
 
420,117
 
10,801
 
11,602
 
(178
 ) 
 
442,342
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Equity in earnings of subsidiaries
 
224,946
 
-
 
-
 
(210,363
 )(d)
 
14,583
 
-
 
-
 
(14,583
 )(d)
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings from operations
 
223,127
 
384,569
 
37,367
 
(210,363
 ) 
 
434,700
 
10,801
 
11,602
 
(14,761
 ) 
 
442,342
Interest income (expense)
 
43,109
 
(57,071
 ) 
(32,662
 ) 
-
 
 
(46,624
 ) 
-
 
-
 
178
(b)
 
(46,446
)
Pretax earnings
 
266,236
 
327,498
 
4,705
 
(210,363
 ) 
 
388,076
 
10,801
 
11,602
 
(14,583
 ) 
 
395,896
Income tax expense
 
(15,277
 ) 
(120,038
 ) 
(1,802
 ) 
-
 
 
(137,117
 ) 
(3,780
 ) 
(4,040
 ) 
-
 
 
(144,937
)
Earnings available to common shareholders
$
250,959
$
207,460
$
2,903
$
(210,363
 ) 
$
250,959
$
7,021
$
7,562
$
(14,583
 ) 
$
250,959
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a) Balances for the six months ended June 30, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(b) Eliminate intercompany lease / interest income
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(c) Eliminate intercompany premiums
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(d) Eliminate equity in earnings of subsidiaries