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

9 Months Ended

Dec. 31, 2014

Table Text Block Supplement [Abstract]

Consolidated Cash Flow Statement by Industry Segment

Consolidating cash flow statements by industry segment for the nine months ended December 31, 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 operating activities:		(In thousands)
Net earnings (loss)	$	347,261	$	290,137	$	(2,581	)$	(287,556	)	$	347,261	$	11,658	$	14,105	$	(25,763	)	$	347,261
Earnings from consolidated entities		(313,319	)	-		-		287,556			(25,763	)	-		-		25,763			-
Adjustments to reconcile net earnings to the cash provided by operations:
Depreciation		4		242,708		17,159		-			259,871		-		-		-			259,871
Amortization of deferred policy acquisition costs		-		-		-		-			-		-		13,196		-			13,196
Change in allowance for losses on trade receivables		-		(201	)	-		-			(201	)	-		(11	)	-			(212	)
Change in allowance for inventory reserve		-		(744	)	-		-			(744	)	-		-		-			(744	)
Net gain on sale of real and personal property		-		(49,948	)	4		-			(49,944	)	-		-		-			(49,944	)
Net gain on sale of investments		-		-		-		-			-		(839	)	(2,415	)	-			(3,254	)
Deferred income taxes		64,058		-		-		-			64,058		4,983		2,444		-			71,485
Net change in other operating assets and liabilities:
Reinsurance recoverables and trade receivables		-		(9,126	)	-		-			(9,126	)	17,101		(6,080	)	-			1,895
Inventories		-		(2,053	)	-		-			(2,053	)	-		-		-			(2,053	)
Prepaid expenses		(24,278	)	(13,918	)	(709	)	-			(38,905	)	-		-		-			(38,905	)
Capitalization of deferred policy acquisition costs		-		-		-		-			-		-		(20,158	)	-			(20,158	)
Other assets		(36,897	)	(4,316	)	(692	)	-			(41,905	)	1,088		(846	)	-			(41,663	)
Related party assets		(534	)	22,008		-		-			21,474		(947	)	-		243	(b)		20,770
Accounts payable and accrued expenses		4,614		(19,545	)	1,385		-			(13,546	)	-		9,537		-			(4,009	)
Policy benefits and losses, claims and loss expenses payable		-		(4,623	)	-		-			(4,623	)	(21,913	)	8,949		-			(17,587	)
Other policyholders' funds and liabilities		-		-		-		-			-		1,147		1,335		-			2,482
Deferred income		-		(16,743	)	11		-			(16,732	)	-		-		-			(16,732	)
Related party liabilities		-		(168	)	(67	)	-			(235	)	285		215		(243	)(b)		22
Net cash provided (used) by operating activities		40,909		433,468		14,510		-			488,887		12,563		20,271		-			521,721
Cash flows from investing activities:
Purchases of:
Property, plant and equipment		-		(534,117	)	(191,330	)	-			(725,447	)	-		-		-			(725,447	)
Short term investments		-		-		-		-			-		(35,624	)	(167,394	)	-			(203,018	)
Fixed maturities investments		-		-		-		-			-		(33,735	)	(148,089	)	-			(181,824	)
Equity securities		-		-		-		-			-		(3,333	)	(426	)	-			(3,759	)
Preferred stock		-		-		-		-			-		(5	)	-		-			(5	)
Real estate		-		-		-		-			-		(3,812	)	(7,516	)	-			(11,328	)
Mortgage loans		-		-		(21,593	)	-			(21,593	)	(3,150	)	(12,622	)	-			(37,365	)
Proceeds from sales and paydown's of:
Property, plant and equipment		-		321,495		185		-			321,680		-		-		-			321,680
Short term investments		-		-		-		-			-		39,745		180,865		-			220,610
Fixed maturities investments		-		-		-		-			-		17,794		57,578		-			75,372
Equity securities		-		-		-		-			-		3,082		-		-			3,082
Preferred stock		-		-		-		-			-		-		2,027		-			2,027
Real estate		-		-		-		-			-		-		396		-			396
Mortgage loans		-		1,653		21,561		-			23,214		3,976		6,002		-			33,192
Net cash provided (used) by investing activities		-		(210,969	)	(191,177	)	-			(402,146	)	(15,062	)	(89,179	)	-			(506,387	)
		(page 1 of 2)
(a) Balance for the period ended September 30, 2014
(b) Elimination of intercompany investments

Continuation of consolidating cash flow statements by industry segment for the nine months ended December 31, 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		-		156,251		353,823		-		510,074		-		-		-		510,074
Principal repayments on credit facilities		-		(90,154	)	(176,518	)	-		(266,672	)	-		-		-		(266,672	)
Debt issuance costs		-		(53	)	(9,644	)	-		(9,697	)	-		-		-		(9,697	)
Capital lease payments		-		(65,478	)	-		-		(65,478	)	-		-		-		(65,478	)
Leveraged Employee Stock Ownership Plan - repayments from loan		-		267		-		-		267		-		-		-		267
Proceeds from (repayment of) intercompany loans		(26,894	)	16,110		10,784		-		-		-		-		-		-
Investment contract deposits		-		-		-		-		-		-		94,979		-		94,979
Investment contract withdrawals		-		-		-		-		-		-		(38,653	)	-		(38,653	)
Net cash provided (used) by financing activities		(26,894	)	16,943		178,445		-		168,494		-		56,326		-		224,820
Effects of exchange rate on cash		-		(6,243	)	-		-		(6,243	)	-		-		-		(6,243	)
Increase (decrease) in cash and cash equivalents		14,015		233,199		1,778		-		248,992		(2,499	)	(12,582	)	-		233,911
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	$	335,559	$	374,043	$	4,100	$	-	$	713,702	$	10,259	$	5,062	$	-	$	729,023
		(page 2 of 2)
(a) Balance for the period ended September 30, 2014

Consolidating cash flow statements by industry segment for the nine months ended December 31, 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	$	303,180	$	235,997	$	3,663	$	(239,660	)	$	303,180	$	10,737	$	13,127	$	(23,864	)	$	303,180
Earnings from consolidated entities		(263,524	)	-		-		239,660			(23,864	)	-		-		23,864			-
Adjustments to reconcile net earnings to cash provided by operations:
Depreciation		4		201,286		12,978		-			214,268		-		-		-			214,268
Amortization of deferred policy acquisition costs		-		-		-		-			-		-		14,197		-			14,197
Change in allowance for losses on trade receivables		-		3		-		-			3		-		9		-			12
Change in allowance for inventory reserve		-		3,640		-		-			3,640		-		-		-			3,640
Net gain on sale of real and personal property		-		(22,045	)	(792	)	-			(22,837	)	-		-		-			(22,837	)
Net gain on sale of investments		(1,325	)	-		-		-			(1,325	)	(674	)	(4,089	)	-			(6,088	)
Deferred income taxes		37,934		-		-		-			37,934		5,118		4,981		-			48,033
Net change in other operating assets and liabilities:
Reinsurance recoverables and trade receivables		-		13,410		(177	)	-			13,233		23,296		(3,174	)	-			33,355
Inventories		-		(12,502	)	-		-			(12,502	)	-		-		-			(12,502	)
Prepaid expenses		22,475		(8,660	)	(706	)	-			13,109		-		-		-			13,109
Capitalization of deferred policy acquisition costs		-		-		-		-			-		-		(25,128	)	-			(25,128	)
Other assets		5		10,558		(2,715	)	-			7,848		201		(120	)	-			7,929
Related party assets		540		9,636		(3	)	-			10,173		(4,702	)	-		159	(b)		5,630
Accounts payable and accrued expenses		6,563		(22,843	)	290		-			(15,990	)	-		13,218		-			(2,772	)
Policy benefits and losses, claims and loss expenses payable		-		1,218		-		-			1,218		(29,833	)	10,278		-			(18,337	)
Other policyholders' funds and liabilities		-		-		-		-			-		(39	)	16		-			(23	)
Deferred income		-		(672	)	-		-			(672	)	-		-		-			(672	)
Related party liabilities		-		(1,007	)	4,270		-			3,263		2,850		303		(159	)(b)		6,257
Net cash provided (used) by operating activities		105,852		408,019		16,808		-			530,679		6,954		23,618		-			561,251
Cash flows from investing activities:
Purchases of:
Property, plant and equipment		-		(436,671	)	(253,622	)	-			(690,293	)	-		-		-			(690,293	)
Short term investments		-		-		-		-			-		(35,250	)	(168,513	)	-			(203,763	)
Fixed maturities investments		-		-		-		-			-		(50,840	)	(186,662	)	-			(237,502	)
Equity securities		-		-		-		-			-		(388	)	-		-			(388	)
Preferred stock		-		-		-		-			-		(635	)	-		-			(635	)
Real estate		-		-		-		-			-		-		(431	)	-			(431	)
Mortgage loans		-		(1,580	)	(20,196	)	2,514	(b)		(19,262	)	(3,500	)	(37,459	)	11,589	(b)		(48,632	)
Proceeds from sales and paydown's of:
Property, plant and equipment		-		212,601		1,477		-			214,078		-		-		-			214,078
Short term investments		-		-		-		-			-		50,044		161,797		-			211,841
Fixed maturities investments		-		-		-		-			-		14,892		109,253		-			124,145
Equity securities		26,569		-		-		-			26,569		388		-		-			26,957
Preferred stock		-		-		-		-			-		4,504		1,500		-			6,004
Real estate		-		-		-		-			-		-		-		-			-
Mortgage loans		-		1,680		38,398		(2,514	)(b)		37,564		5,312		13,947		(11,589	)(b)		45,234
Net cash provided (used) by investing activities		26,569		(223,970	)	(233,943	)	-			(431,344	)	(15,473	)	(106,568	)	-			(553,385	)
		(page 1 of 2)
(a) Balance for the period ended September 30, 2013
(b) Elimination of intercompany investments

Continuation of consolidating cash flow statements by industry segment for the nine months ended December 31, 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		-		116,952		206,087		-		323,039		-		-		-		323,039
Principal repayments on credit facilities		-		(149,948	)	(88,605	)	-		(238,553	)	-		-		-		(238,553	)
Debt issuance costs		-		(641	)	(2,712	)	-		(3,353	)	-		-		-		(3,353	)
Capital lease payments		-		(37,480	)	-		-		(37,480	)	-		-		-		(37,480	)
Leveraged Employee Stock Ownership Plan - repayments from loan		-		390		-		-		390		-		-		-		390
Proceeds from (repayment of) intercompany loans		17,011		(120,035	)	103,024		-		-		-		-		-		-
Investment contract deposits		-		-		-		-		-		-		109,928		-		109,928
Investment contract withdrawals		-		-		-		-		-		-		(24,448	)	-		(24,448	)
Net cash provided (used) by financing activities		17,011		(190,762	)	217,794		-		44,043		-		85,480		-		129,523
Effects of exchange rate on cash		-		482		-		-		482		-		-		-		482
Increase (decrease) in cash and cash equivalents		149,432		(6,231	)	659		-		143,860		(8,519	)	2,530		-		137,871
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	$	476,551	$	92,695	$	2,174	$	-	$	571,420	$	5,601	$	24,594	$	-	$	601,615
		(page 2 of 2)
(a) Balance for the period ended September 30, 2013