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

6 Months Ended

Sep. 30, 2014

Table Text Block Supplement [Abstract]

Consolidated Cash Flow Statement by Industry Segment

		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)	$	280,721	$	243,091	$	(2,006	)$	(241,085	)	$	280,721	$	7,145	$	8,530	$	(15,675	)	$	280,721
Earnings from consolidated entities		(256,760	)	-		-		241,085			(15,675	)	-		-		15,675			-
Adjustments to reconcile net earnings to the cash provided by operations:
Depreciation		3		161,687		10,927		-			172,617		-		-		-			172,617
Amortization of deferred policy acquisition costs		-		-		-		-			-		-		8,474		-			8,474
Change in allowance for losses on trade receivables		-		(209	)	-		-			(209	)	-		(10	)	-			(219	)
Change in allowance for inventory reserve		-		(960	)	-		-			(960	)	-		-		-			(960	)
Net gain on sale of real and personal property		-		(44,500	)	-		-			(44,500	)	-		-		-			(44,500	)
Net gain on sale of investments		-		-		-		-			-		(870	)	(1,918	)	-			(2,788	)
Deferred income taxes		18,872		-		-		-			18,872		2,556		1,784		-			23,212
Net change in other operating assets and liabilities:
Reinsurance recoverables and trade receivables		-		(1,605	)	-		-			(1,605	)	16,061		(1,060	)	-			13,396
Inventories		-		(1,260	)	-		-			(1,260	)	-		-		-			(1,260	)
Prepaid expenses		18,537		(3,778	)	(747	)	-			14,012		-		-		-			14,012
Capitalization of deferred policy acquisition costs		-		-		-		-			-		-		(13,728	)	-			(13,728	)
Other assets		(2	)	661		(8,488	)	-			(7,829	)	802		(858	)	-			(7,885	)
Related party assets		(527	)	3,699		-		-			3,172		(1,395	)	-		393	(b)		2,170
Accounts payable and accrued expenses		3,173		25,865		979		-			30,017		-		5,902		-			35,919
Policy benefits and losses, claims and loss expenses payable		-		8,241		-		-			8,241		(17,946	)	5,787		-			(3,918	)
Other policyholders' funds and liabilities		-		-		-		-			-		405		951		-			1,356
Deferred income		-		1,962		-		-			1,962		-		-		-			1,962
Related party liabilities		-		674		(45	)	-			629		179		(40	)	(393	)(b)		375
Net cash provided (used) by operating activities		64,017		393,568		620		-			458,205		6,937		13,814		-			478,956
Cash flows from investing activities:
Purchases of:
Property, plant and equipment		-		(459,337	)	(140,014	)	-			(599,351	)	-		-		-			(599,351	)
Short term investments		-		-		-		-			-		(32,488	)	(97,806	)	-			(130,294	)
Fixed maturities investments		-		-		-		-			-		(27,323	)	(86,789	)	-			(114,112	)
Equity securities		-		-		-		-			-		(3,281	)	(426	)	-			(3,707	)
Preferred stock		-		-		-		-			-		(3	)	-		-			(3	)
Real estate		-		-		-		-			-		(3,812	)	(7,500	)	-			(11,312	)
Mortgage loans		-		-		(5,465	)	-			(5,465	)	(3,150	)	(12,574	)	-			(21,189	)
Proceeds from sales and paydown's of:
Property, plant and equipment		-		260,532		127		-			260,659		-		-		-			260,659
Short term investments		-		-		-		-			-		36,003		94,323		-			130,326
Fixed maturities investments		-		-		-		-			-		15,928		33,027		-			48,955
Equity securities		-		-		-		-			-		3,030		-		-			3,030
Preferred stock		-		-		-		-			-		-		1,000		-			1,000
Real estate		-		-		-		-			-		5		396		-			401
Mortgage loans		-		1,653		8,435		-			10,088		3,760		4,775		-			18,623
Net cash provided (used) by investing activities		-		(197,152	)	(136,917	)	-			(334,069	)	(11,331	)	(71,574	)	-			(416,974	)
		(page 1 of 2)
(a) Balance for the period ended June 30, 2014
(b) Elimination of intercompany investments

Continuation of consolidating cash flow statements by industry segment for the six months ended September 30, 2014 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		-		152,970		353,822		-		506,792		-		-		-		506,792
Principal repayments on credit facilities		-		(40,353	)	(167,748	)	-		(208,101	)	-		-		-		(208,101	)
Debt issuance costs		-		(53	)	(9,794	)	-		(9,847	)	-		-		-		(9,847	)
Capital lease payments		-		(40,694	)	-		-		(40,694	)	-		-		-		(40,694	)
Leveraged Employee Stock Ownership Plan - repayments from loan		-		167		-		-		167		-		-		-		167
Proceeds from (repayment of) intercompany loans		125,492		(86,964	)	(38,528	)	-		-		-		-		-		-
Investment contract deposits		-		-		-		-		-		-		71,571		-		71,571
Investment contract withdrawals		-		-		-		-		-		-		(24,075	)	-		(24,075	)
Net cash provided (used) by financing activities		125,492		(14,927	)	137,752		-		248,317		-		47,496		-		295,813
Effects of exchange rate on cash		-		(3,761	)	-		-		(3,761	)	-		-		-		(3,761	)
Increase (decrease) in cash and cash equivalents		189,509		177,728		1,455		-		368,692		(4,394	)	(10,264	)	-		354,034
Cash and cash equivalents at beginning of period		321,544		140,844		2,322		-		464,710		12,758		17,644		-		495,112
Cash and cash equivalents at end of period	$	511,053	$	318,572	$	3,777	$	-	$	833,402	$	8,364	$	7,380	$	-	$	849,146
		(page 2 of 2)
(a) Balance for the period ended June 30, 2014

Consolidating cash flow statements by industry segment for the six months ended September 30, 2013 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	$	250,959	$	207,460	$	2,903	$	(210,363	)	$	250,959	$	7,021	$	7,562	$	(14,583	)	$	250,959
Earnings from consolidated entities		(224,946	)	-		-		210,363			(14,583	)	-		-		14,583			-
Adjustments to reconcile net earnings to cash provided by operations:
Depreciation		3		133,101		8,414		-			141,518		-		-		-			141,518
Amortization of deferred policy acquisition costs		-		-		-		-			-		-		9,740		-			9,740
Change in allowance for losses on trade receivables		-		(6	)	-		-			(6	)	-		-		-			(6	)
Change in allowance for inventory reserve		-		716		-		-			716		-		-		-			716
Net gain on sale of real and personal property		-		(20,200	)	(676	)	-			(20,876	)	-		-		-			(20,876	)
Net gain on sale of investments		(42	)	-		-		-			(42	)	(267	)	(3,751	)	-			(4,060	)
Deferred income taxes		58,672		-		-		-			58,672		3,118		2,157		-			63,947
Net change in other operating assets and liabilities:
Reinsurance recoverables and trade receivables		-		16,288		(177	)	-			16,111		4,489		3,961		-			24,561
Inventories		-		(5,750	)	-		-			(5,750	)	-		-		-			(5,750	)
Prepaid expenses		11,178		(8,077	)	(778	)	-			2,323		-		-		-			2,323
Capitalization of deferred policy acquisition costs		-		-		-		-			-		-		(16,289	)	-			(16,289	)
Other assets		5		(378	)	(4,232	)	-			(4,605	)	309		(74	)	-			(4,370	)
Related party assets		551		13,534		-		-			14,085		(5,584	)	-		149	(b)		8,650
Accounts payable and accrued expenses		3,699		18,288		(92	)	-			21,895		-		2,971		-			24,866
Policy benefits and losses, claims and loss expenses payable		-		1,487		-		-			1,487		(7,009	)	5,831		-			309
Other policyholders' funds and liabilities		-		-		-		-			-		76		418		-			494
Deferred income		-		2,191		-		-			2,191		-		-		-			2,191
Related party liabilities		-		460		4,292		-			4,752		(57	)	(71	)	(149	)(b)		4,475
Net cash provided (used) by operating activities		100,079		359,114		9,654		-			468,847		2,096		12,455		-			483,398
Cash flows from investing activities:
Purchases of:
Property, plant and equipment		-		(295,231	)	(162,440	)	-			(457,671	)	-		-		-			(457,671	)
Short term investments		-		-		-		-			-		(27,972	)	(126,731	)	-			(154,703	)
Fixed maturities investments		-		-		-		-			-		(39,655	)	(134,938	)	-			(174,593	)
Equity securities		-		-		-		-			-		(388	)	-		-			(388	)
Preferred stock		-		-		-		-			-		(635	)	-		-			(635	)
Real estate		-		-		-		-			-		-		(252	)	-			(252	)
Mortgage loans		-		(1,580	)	(12,738	)	2,514	(b)		(11,804	)	-		(14,009	)	11,553	(b)		(14,260	)
Proceeds from sales and paydown's of:
Property, plant and equipment		-		175,302		1,151		-			176,453		-		-		-			176,453
Short term investments		-		-		-		-			-		39,072		123,508		-			162,580
Fixed maturities investments		-		-		-		-			-		11,936		81,114		-			93,050
Equity securities		6,415		-		-		-			6,415		388		-		-			6,803
Preferred stock		-		-		-		-			-		4,504		1,500		-			6,004
Mortgage loans		-		1,680		34,643		(2,514	)(b)		33,809		1,984		12,175		(11,553	)(b)		36,415
Net cash provided (used) by investing activities		6,415		(119,829	)	(139,384	)	-			(252,798	)	(10,766	)	(57,633	)	-			(321,197	)
		(page 1 of 2)
(a) Balance for the period ended June 30, 2013
(b) Elimination of intercompany investments

Continuation of consolidating cash flow statements by industry segment for the six months ended September 30, 2013 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		-		64,124		73,917		-		138,041		-		-		-		138,041
Principal repayments on credit facilities		-		(58,684	)	(64,261	)	-		(122,945	)	-		-		-		(122,945	)
Debt issuance costs		-		(178	)	(55	)	-		(233	)	-		-		-		(233	)
Capital lease payments		-		(21,425	)	-		-		(21,425	)	-		-		-		(21,425	)
Leveraged Employee Stock Ownership Plan - repayments from loan		-		260		-		-		260		-		-		-		260
Proceeds from (repayment of) intercompany loans		43,946		(164,059	)	120,113		-		-		-		-		-		-
Investment contract deposits		-		-		-		-		-		-		74,253		-		74,253
Investment contract withdrawals		-		-		-		-		-		-		(14,721	)	-		(14,721	)
Net cash provided (used) by financing activities		43,946		(179,962	)	129,714		-		(6,302	)	-		59,532		-		53,230
Effects of exchange rate on cash		-		401		-		-		401		-		-		-		401
Increase (decrease) in cash and cash equivalents		150,440		59,724		(16	)	-		210,148		(8,670	)	14,354		-		215,832
Cash and cash equivalents at beginning of period		327,119		98,926		1,515		-		427,560		14,120		22,064		-		463,744
Cash and cash equivalents at end of period	$	477,559	$	158,650	$	1,499	$	-	$	637,708	$	5,450	$	36,418	$	-	$	679,576
		(page 2 of 2)
(a) Balance for the period ended June 30, 2013