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Consolidated Statement of Operations by Segment (Table Text Block)
 9 Months Ended
Dec. 31, 2014
Table Text Block Supplement [Abstract]  
Consolidated Statement of Operations by Industry Segment
Consolidating statement of operations by industry segment for the quarter ended December 31, 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
$
-
$
488,505
$
-
$
-
 
$
488,505
$
-
$
-
$
(1,090
 )(c)
$
487,415
Self-storage revenues
 
-
 
53,121
 
382
 
-
 
 
53,503
 
-
 
-
 
-
 
 
53,503
Self-moving and self-storage products and service sales
 
-
 
49,081
 
-
 
-
 
 
49,081
 
-
 
-
 
-
 
 
49,081
Property management fees
 
-
 
7,497
 
-
 
-
 
 
7,497
 
-
 
-
 
-
 
 
7,497
Life insurance premiums
 
-
 
-
 
-
 
-
 
 
-
 
-
 
39,026
 
-
 
 
39,026
Property and casualty insurance premiums
 
-
 
-
 
-
 
-
 
 
-
 
13,584
 
-
 
-
 
 
13,584
Net investment and interest income
 
1,234
 
1,371
 
233
 
-
 
 
2,838
 
2,961
 
15,149
 
(196
 )(b)
 
20,752
Other revenue
 
-
 
36,040
 
29,405
 
(31,036
 )(b)
 
34,409
 
-
 
1,202
 
(114
 )(b)
 
35,497
Total revenues
 
1,234
 
635,615
 
30,020
 
(31,036
 ) 
 
635,833
 
16,545
 
55,377
 
(1,400
 ) 
 
706,355
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Costs and expenses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating expenses
 
1,502
 
354,219
 
3,502
 
(31,036
 )(b)
 
328,187
 
6,123
 
5,576
 
(1,194
 )(b,c)
 
338,692
Commission expenses
 
-
 
58,439
 
-
 
-
 
 
58,439
 
-
 
-
 
-
 
 
58,439
Cost of sales
 
-
 
30,751
 
-
 
-
 
 
30,751
 
-
 
-
 
-
 
 
30,751
Benefits and losses
 
-
 
-
 
-
 
-
 
 
-
 
3,481
 
36,603
 
-
 
 
40,084
Amortization of deferred policy acquisition costs
 
-
 
-
 
-
 
-
 
 
-
 
-
 
4,722
 
-
 
 
4,722
Lease expense
 
24
 
18,695
 
36
 
-
 
 
18,755
 
-
 
-
 
(50
 )(b)
 
18,705
Depreciation, net of (gains) losses on disposals
 
1
 
75,573
 
6,236
 
-
 
 
81,810
 
-
 
-
 
-
 
 
81,810
Total costs and expenses
 
1,527
 
537,677
 
9,774
 
(31,036
 ) 
 
517,942
 
9,604
 
46,901
 
(1,244
 ) 
 
573,203
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings (loss) from operations before equity in earnings of subsidiaries
 
(293
 ) 
97,938
 
20,246
 
-
 
 
117,891
 
6,941
 
8,476
 
(156
 ) 
 
133,152
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Equity in earnings of subsidiaries
 
56,559
 
-
 
-
 
(46,471
 )(d)
 
10,088
 
-
 
-
 
(10,088
 )(d)
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings from operations
 
56,266
 
97,938
 
20,246
 
(46,471
 ) 
 
127,979
 
6,941
 
8,476
 
(10,244
 ) 
 
133,152
Interest income (expense)
 
16,139
 
(20,836
 ) 
(21,178
 ) 
-
 
 
(25,875
 ) 
-
 
-
 
156
(b)
 
(25,719
)
Pretax earnings (loss)
 
72,405
 
77,102
 
(932
 ) 
(46,471
 ) 
 
102,104
 
6,941
 
8,476
 
(10,088
 ) 
 
107,433
Income tax (expense) benefit
 
(5,865
 ) 
(30,056
 ) 
357
 
-
 
 
(35,564
 ) 
(2,428
 ) 
(2,901
 ) 
-
 
 
(40,893
)
Earnings (loss) available to common shareholders
$
66,540
$
47,046
$
(575
 )$
(46,471
 ) 
$
66,540
$
4,513
$
5,575
$
(10,088
 ) 
$
66,540
(a) Balances for the quarter ended September 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 December 31, 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
$
-
$
437,117
$
-
$
-
 
$
437,117
$
-
$
-
$
(910
 )(c)
$
436,207
Self-storage revenues
 
-
 
45,818
 
302
 
-
 
 
46,120
 
-
 
-
 
-
 
 
46,120
Self-moving and self-storage products and service sales
 
-
 
47,045
 
-
 
-
 
 
47,045
 
-
 
-
 
-
 
 
47,045
Property management fees
 
-
 
7,133
 
-
 
-
 
 
7,133
 
-
 
-
 
-
 
 
7,133
Life insurance premiums
 
-
 
-
 
-
 
-
 
 
-
 
-
 
39,198
 
-
 
 
39,198
Property and casualty insurance premiums
 
-
 
-
 
-
 
-
 
 
-
 
12,219
 
-
 
-
 
 
12,219
Net investment and interest income
 
2,516
 
1,988
 
661
 
-
 
 
5,165
 
3,009
 
12,895
 
(182
 )(b)
 
20,887
Other revenue
 
260
 
37,021
 
26,091
 
(27,790
 )(b)
 
35,582
 
-
 
1,059
 
(119
 )(b)
 
36,522
Total revenues
 
2,776
 
576,122
 
27,054
 
(27,790
 ) 
 
578,162
 
15,228
 
53,152
 
(1,211
 ) 
 
645,331
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Costs and expenses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating expenses
 
1,782
 
334,489
 
3,297
 
(27,790
 )(b)
 
311,778
 
5,223
 
6,125
 
(1,020
 )(b,c)
 
322,106
Commission expenses
 
-
 
50,679
 
-
 
-
 
 
50,679
 
-
 
-
 
-
 
 
50,679
Cost of sales
 
-
 
28,229
 
-
 
-
 
 
28,229
 
-
 
-
 
-
 
 
28,229
Benefits and losses
 
-
 
-
 
-
 
-
 
 
-
 
4,289
 
34,341
 
-
 
 
38,630
Amortization of deferred policy acquisition costs
 
-
 
-
 
-
 
-
 
 
-
 
-
 
4,457
 
-
 
 
4,457
Lease expense
 
23
 
24,482
 
9
 
-
 
 
24,514
 
-
 
-
 
(46
 )(b)
 
24,468
Depreciation, net of (gains) losses on disposals
 
1
 
66,340
 
4,448
 
-
 
 
70,789
 
-
 
-
 
-
 
 
70,789
Total costs and expenses
 
1,806
 
504,219
 
7,754
 
(27,790
 ) 
 
485,989
 
9,512
 
44,923
 
(1,066
 ) 
 
539,358
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings from operations before equity in earnings of subsidiaries
 
970
 
71,903
 
19,300
 
-
 
 
92,173
 
5,716
 
8,229
 
(145
 ) 
 
105,973
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Equity in earnings of subsidiaries
 
38,578
 
-
 
-
 
(29,297
 )(d)
 
9,281
 
-
 
-
 
(9,281
 )(d)
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings from operations
 
39,548
 
71,903
 
19,300
 
(29,297
 ) 
 
101,454
 
5,716
 
8,229
 
(9,426
 ) 
 
105,973
Interest income (expense)
 
20,687
 
(26,371
 ) 
(18,068
 ) 
-
 
 
(23,752
 ) 
-
 
-
 
145
(b)
 
(23,607
)
Pretax earnings
 
60,235
 
45,532
 
1,232
 
(29,297
 ) 
 
77,702
 
5,716
 
8,229
 
(9,281
 ) 
 
82,366
Income tax expense
 
(8,014
 ) 
(16,995
 ) 
(472
 ) 
-
 
 
(25,481
 ) 
(2,000
 ) 
(2,664
 ) 
-
 
 
(30,145
)
Earnings available to common shareholders
$
52,221
$
28,537
$
760
$
(29,297
 ) 
$
52,221
$
3,716
$
5,565
$
(9,281
 ) 
$
52,221
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a) Balances for the quarter ended September 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 nine months ended December 31, 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
$
-
$
1,719,200
$
-
$
-
 
$
1,719,200
$
-
$
-
$
(2,776
 )(c)
$
1,716,424
Self-storage revenues
 
-
 
154,664
 
959
 
-
 
 
155,623
 
-
 
-
 
-
 
 
155,623
Self-moving and self-storage products and service sales
 
-
 
191,603
 
-
 
-
 
 
191,603
 
-
 
-
 
-
 
 
191,603
Property management fees
 
-
 
18,970
 
-
 
-
 
 
18,970
 
-
 
-
 
-
 
 
18,970
Life insurance premiums
 
-
 
-
 
-
 
-
 
 
-
 
-
 
115,997
 
-
 
 
115,997
Property and casualty insurance premiums
 
-
 
-
 
-
 
-
 
 
-
 
35,665
 
-
 
-
 
 
35,665
Net investment and interest income
 
3,687
 
5,326
 
1,772
 
-
 
 
10,785
 
9,823
 
43,632
 
(586
 )(b)
 
63,654
Other revenue
 
-
 
135,713
 
85,795
 
(90,790
 )(b)
 
130,718
 
-
 
3,491
 
(344
 )(b)
 
133,865
Total revenues
 
3,687
 
2,225,476
 
88,526
 
(90,790
 ) 
 
2,226,899
 
45,488
 
163,120
 
(3,706
 ) 
 
2,431,801
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Costs and expenses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating expenses
 
5,286
 
1,128,472
 
10,616
 
(90,790
 )(b)
 
1,053,584
 
18,635
 
16,834
 
(3,092
 )(b,c)
 
1,085,961
Commission expenses
 
-
 
200,939
 
-
 
-
 
 
200,939
 
-
 
-
 
-
 
 
200,939
Cost of sales
 
-
 
112,215
 
-
 
-
 
 
112,215
 
-
 
-
 
-
 
 
112,215
Benefits and losses
 
-
 
-
 
-
 
-
 
 
-
 
8,918
 
111,508
 
-
 
 
120,426
Amortization of deferred policy acquisition costs
 
-
 
-
 
-
 
-
 
 
-
 
-
 
13,196
 
-
 
 
13,196
Lease expense
 
70
 
60,958
 
62
 
-
 
 
61,090
 
-
 
-
 
(140
 )(b)
 
60,950
Depreciation, net of (gains) losses on disposals
 
4
 
192,760
 
17,163
 
-
 
 
209,927
 
-
 
-
 
-
 
 
209,927
Total costs and expenses
 
5,360
 
1,695,344
 
27,841
 
(90,790
 ) 
 
1,637,755
 
27,553
 
141,538
 
(3,232
 ) 
 
1,803,614
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings (loss) from operations before equity in earnings of subsidiaries
 
(1,673
 ) 
530,132
 
60,685
 
-
 
 
589,144
 
17,935
 
21,582
 
(474
 ) 
 
628,187
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Equity in earnings of subsidiaries
 
313,319
 
-
 
-
 
(287,556
 )(d)
 
25,763
 
-
 
-
 
(25,763
 )(d)
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings from operations
 
311,646
 
530,132
 
60,685
 
(287,556
 ) 
 
614,907
 
17,935
 
21,582
 
(26,237
 ) 
 
628,187
Interest income (expense)
 
55,551
 
(69,977
 ) 
(60,792
 ) 
-
 
 
(75,218
 ) 
-
 
-
 
474
(b)
 
(74,744
)
Fees and amortization on early extinguishment of debt
 
-
 
-
 
(4,081
 ) 
-
 
 
(4,081
 ) 
-
 
-
 
-
 
 
(4,081
)
Pretax earnings (loss)
 
367,197
 
460,155
 
(4,188
 ) 
(287,556
 ) 
 
535,608
 
17,935
 
21,582
 
(25,763
 ) 
 
549,362
Income tax (expense) benefit
 
(19,936
 ) 
(170,018
 ) 
1,607
 
-
 
 
(188,347
 ) 
(6,277
 ) 
(7,477
 ) 
-
 
 
(202,101
)
Earnings (loss) available to common shareholders
$
347,261
$
290,137
$
(2,581
 )$
(287,556
 ) 
$
347,261
$
11,658
$
14,105
$
(25,763
 ) 
$
347,261
(a) Balances for the nine months ended September 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 nine months ended December 31, 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
$
-
$
1,558,857
$
-
$
-
 
$
1,558,857
$
-
$
-
$
(2,070
 )(c)
$
1,556,787
Self-storage revenues
 
-
 
132,906
 
885
 
-
 
 
133,791
 
-
 
-
 
-
 
 
133,791
Self-moving and self-storage products and service sales
 
-
 
183,115
 
-
 
-
 
 
183,115
 
-
 
-
 
-
 
 
183,115
Property management fees
 
-
 
17,586
 
-
 
-
 
 
17,586
 
-
 
-
 
-
 
 
17,586
Life insurance premiums
 
-
 
-
 
-
 
-
 
 
-
 
-
 
119,708
 
-
 
 
119,708
Property and casualty insurance premiums
 
-
 
-
 
-
 
-
 
 
-
 
31,052
 
-
 
-
 
 
31,052
Net investment and interest income
 
5,031
 
6,183
 
734
 
-
 
 
11,948
 
7,949
 
40,372
 
(433
 )(b)
 
59,836
Other revenue
 
260
 
134,181
 
76,085
 
(81,059
 )(b)
 
129,467
 
-
 
2,524
 
(355
 )(b)
 
131,636
Total revenues
 
5,291
 
2,032,828
 
77,704
 
(81,059
 ) 
 
2,034,764
 
39,001
 
162,604
 
(2,858
 ) 
 
2,233,511
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Costs and expenses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating expenses
 
6,067
 
1,039,399
 
8,807
 
(81,059
 )(b)
 
973,214
 
13,738
 
18,067
 
(2,398
 )(b,c)
 
1,002,621
Commission expenses
 
-
 
182,068
 
-
 
-
 
 
182,068
 
-
 
-
 
-
 
 
182,068
Cost of sales
 
-
 
98,331
 
-
 
-
 
 
98,331
 
-
 
-
 
-
 
 
98,331
Benefits and losses
 
-
 
-
 
-
 
-
 
 
-
 
8,746
 
110,509
 
-
 
 
119,255
Amortization of deferred policy acquisition costs
 
-
 
-
 
-
 
-
 
 
-
 
-
 
14,197
 
-
 
 
14,197
Lease expense
 
69
 
77,317
 
44
 
-
 
 
77,430
 
-
 
-
 
(137
 )(b)
 
77,293
Depreciation, net of (gains) losses on disposals
 
4
 
179,241
 
12,186
 
-
 
 
191,431
 
-
 
-
 
-
 
 
191,431
Total costs and expenses
 
6,140
 
1,576,356
 
21,037
 
(81,059
 ) 
 
1,522,474
 
22,484
 
142,773
 
(2,535
 ) 
 
1,685,196
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings (loss) from operations before equity in earnings of subsidiaries
 
(849
 ) 
456,472
 
56,667
 
-
 
 
512,290
 
16,517
 
19,831
 
(323
 ) 
 
548,315
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Equity in earnings of subsidiaries
 
263,524
 
-
 
-
 
(239,660
 )(d)
 
23,864
 
-
 
-
 
(23,864
 )(d)
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings from operations
 
262,675
 
456,472
 
56,667
 
(239,660
 ) 
 
536,154
 
16,517
 
19,831
 
(24,187
 ) 
 
548,315
Interest income (expense)
 
63,796
 
(83,442
 ) 
(50,730
 ) 
-
 
 
(70,376
 ) 
-
 
-
 
323
(b)
 
(70,053
)
Pretax earnings
 
326,471
 
373,030
 
5,937
 
(239,660
 ) 
 
465,778
 
16,517
 
19,831
 
(23,864
 ) 
 
478,262
Income tax expense
 
(23,291
 ) 
(137,033
 ) 
(2,274
 ) 
-
 
 
(162,598
 ) 
(5,780
 ) 
(6,704
 ) 
-
 
 
(175,082
)
Earnings available to common shareholders
$
303,180
$
235,997
$
3,663
$
(239,660
 ) 
$
303,180
$
10,737
$
13,127
$
(23,864
 ) 
$
303,180
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a) Balances for the nine months ended September 30, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(b) Eliminate intercompany lease / interest income
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(c) Eliminate intercompany premiums
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(d) Eliminate equity in earnings of subsidiaries