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Condensed Financial Information of AMERCO, Statements of Cash Flow (Table Text Block)
12 Months Ended
Mar. 31, 2015
Table Text Block [Abstract]  
Condensed Financial Information of AMERCO, Statement of Cash Flow

 

 

Years Ended March 31,

 

 

2015

 

2014

 

2013

 

 

(In thousands)

Cash flows from operating activities:

 

 

 

 

 

 

Net earnings

$

356,741

$

342,391

$

264,708

Change in investments in subsidiaries

 

(300,566)

 

(287,803)

 

(212,164)

Adjustments to reconcile net earnings to cash provided by operations:

 

 

 

 

 

 

Depreciation

 

6

 

5

 

5

Net gain on sale of investments

 

 

(1,325)

 

(76)

Deferred income taxes

 

66,628

 

34,605

 

9,206

Net change in other operating assets and liabilities:

 

 

 

 

 

 

Prepaid expenses

 

(66,786)

 

3,938

 

(12,979)

Other assets

 

84

 

(41)

 

365

Related party assets

 

(539)

 

 

Accounts payable and accrued expenses

 

5,239

 

6,589

 

2,659

Net cash provided by operating activities

 

60,807

 

98,359

 

51,724

 

 

 

 

 

 

 

Cash flows from investing activities:

 

 

 

 

 

 

Purchases of property, plant and equipment

 

 

(2)

 

(2)

Proceeds of equity securities

 

 

26,569

 

372

Net cash provided by investing activities

 

 

26,567

 

370

 

 

 

 

 

 

 

Cash flows from financing activities:

 

 

 

 

 

 

Proceeds from (repayments) of intercompany loans

 

(71,207)

 

(110,933)

 

172,444

Common stock dividends paid

 

(19,594)

 

(19,568)

 

(97,421)

Contribution to related party

 

 

 

(1,500)

Net cash provided (used) by financing activities

 

(90,801)

 

(130,501)

 

73,523

 

 

 

 

 

 

 

Increase (decrease) in cash and cash equivalents

 

(29,994)

 

(5,575)

 

125,617

Cash and cash equivalents at beginning of period

 

321,544

 

327,119

 

201,502

Cash and cash equivalents at end of period

$

291,550

$

321,544

$

327,119