Consolidating Financial Information By Industry Segment (Table Text Block)

3 Months Ended

9 Months Ended

12 Months Ended

Dec. 31, 2015

Dec. 31, 2014

Dec. 31, 2015

Dec. 31, 2014

Mar. 31, 2015

Table Text Block Supplement [Abstract]

Consolidated Balance Sheet by Industry Segment

Consolidating balance sheets by industry segment as of December 31, 2015 are as follows:

		Moving & Storage Consolidated		Property & Casualty Insurance (a)		Life Insurance (a)		Eliminations			AMERCO Consolidated
		(Unaudited)
		(In thousands)
Assets:
Cash and cash equivalents	$	649,191	$	13,882	$	11,554	$	–		$	674,627
Reinsurance recoverables and trade receivables, net		37,598		113,429		30,299		–			181,326
Inventories, net		75,032		–		–		–			75,032
Prepaid expenses		180,628		–		–		–			180,628
Investments, fixed maturities and marketable equities		–		236,058		1,227,939		–			1,463,997
Investments, other		31,107		47,521		244,411		–			323,039
Deferred policy acquisition costs, net		–		–		129,218		–			129,218
Other assets		87,890		651		2,448		–			90,989
Related party assets		94,370		13,118		555		(15,366)	(c)		92,677
		1,155,816		424,659		1,646,424		(15,366)			3,211,533
Investment in subsidiaries		455,716		–		–		(455,716)	(b)		–
Property, plant and equipment, at cost:
Land		589,492		–		–		–			589,492
Buildings and improvements		2,026,840		–		–		–			2,026,840
Furniture and equipment		383,914		–		–		–			383,914
Rental trailers and other rental equipment		463,034		–		–		–			463,034
Rental trucks		3,162,170		–		–		–			3,162,170
		6,625,450		–		–		–			6,625,450
Less:  Accumulated depreciation		(2,074,449)		–		–		–			(2,074,449)
Total property, plant and equipment		4,551,001		–		–		–			4,551,001
Total assets	$	6,162,533	$	424,659	$	1,646,424	$	(471,082)		$	7,762,534
(a) Balances as of September 30, 2015
(b) Eliminate investment in subsidiaries
(c) Eliminate intercompany receivables and payables

Consolidating balance sheets by industry segment as of December 31, 2015 are as follows:

		Moving & Storage Consolidated		Property & Casualty Insurance (a)		Life Insurance (a)		Eliminations			AMERCO Consolidated
		(Unaudited)
		(In thousands)
Liabilities:
Accounts payable and accrued expenses	$	425,022	$	821	$	20,201	$	–		$	446,044
Notes, loans and leases payable		2,424,671		–		–		–			2,424,671
Policy benefits and losses, claims and loss expenses payable		382,701		256,342		434,557		–			1,073,600
Liabilities from investment contracts		–		–		891,243		–			891,243
Other policyholders' funds and liabilities		–		2,833		5,606		–			8,439
Deferred income		18,977		–		–		–			18,977
Deferred income taxes		673,058		(15,243)		16,806		–			674,621
Related party liabilities		13,165		2,046		155		(15,366)	(c)		–
Total liabilities		3,937,594		246,799		1,368,568		(15,366)			5,537,595
Stockholders' equity:
Series preferred stock:
Series A preferred stock		–		–		–		–			–
Series B preferred stock		–		–		–		–			–
Series A common stock		–		–		–		–			–
Common stock		10,497		3,301		2,500		(5,801)	(b)		10,497
Additional paid-in capital		451,702		91,120		26,271		(117,601)	(b)		451,492
Accumulated other comprehensive income (loss)		(59,068)		5,209		23,007		(28,216)	(b)		(59,068)
Retained earnings		2,500,449		78,230		226,078		(304,098)	(b)		2,500,659
Cost of common shares in treasury, net		(525,653)		–		–		–			(525,653)
Cost of preferred shares in treasury, net		(151,997)		–		–		–			(151,997)
Unearned employee stock ownership plan shares		(991)		–		–		–			(991)
Total stockholders' equity		2,224,939		177,860		277,856		(455,716)			2,224,939
Total liabilities and stockholders' equity	$	6,162,533	$	424,659	$	1,646,424	$	(471,082)		$	7,762,534
(a) Balances as of September 30, 2015
(b) Eliminate investment in subsidiaries
(c) Eliminate intercompany receivables and payables

Consolidating balance sheets by industry segment as of March 31, 2015 are as follows:

		Moving & Storage Consolidated		Property & Casualty Insurance (a)		Life Insurance (a)		Eliminations			AMERCO Consolidated
Assets:		(In thousands)
Cash and cash equivalents	$	431,873	$	8,495	$	1,482	$	–		$	441,850
Reinsurance recoverables and trade receivables, net		32,364		125,506		31,999		–			189,869
Inventories, net		69,472		–		–		–			69,472
Prepaid expenses		126,296		–		–		–			126,296
Investments, fixed maturities and marketable equities		–		228,530		1,076,432		–			1,304,962
Investments, other		27,637		50,867		190,216		–			268,720
Deferred policy acquisition costs, net		–		–		115,422		–			115,422
Other assets		101,689		1,924		2,544		–			106,157
Related party assets		144,040		13,268		586		(16,104)	(c)		141,790
		933,371		428,590		1,418,681		(16,104)			2,764,538
Investment in subsidiaries		443,462		–		–		(443,462)	(b)		–
Property, plant and equipment, at cost:
Land		467,482		–		–		–			467,482
Buildings and improvements		1,728,033		–		–		–			1,728,033
Furniture and equipment		355,349		–		–		–			355,349
Rental trailers and other rental equipment		436,642		–		–		–			436,642
Rental trucks		3,059,987		–		–		–			3,059,987
		6,047,493		–		–		–			6,047,493
Less:  Accumulated depreciation		(1,939,856)		–		–		–			(1,939,856)
Total property, plant and equipment		4,107,637		–		–		–			4,107,637
Total assets	$	5,484,470	$	428,590	$	1,418,681	$	(459,566)		$	6,872,175
(a) Balances as of December 31, 2014
(b) Eliminate investment in subsidiaries
(c) Eliminate intercompany receivables and payables

Consolidating balance sheets by industry segment as of March 31, 2015 are as follows:

		Moving & Storage Consolidated		Property & Casualty Insurance (a)		Life Insurance (a)		Eliminations			AMERCO Consolidated
		(In thousands)
Liabilities:
Accounts payable and accrued expenses	$	489,140	$	1,235	$	5,995	$	–		$	496,370
Notes, loans and leases payable		2,190,869		–		–		–			2,190,869
Policy benefits and losses, claims and loss expenses payable		363,552		271,744		426,892		–			1,062,188
Liabilities from investment contracts		–		–		685,745		–			685,745
Other policyholders' funds and liabilities		–		2,837		4,927		–			7,764
Deferred income		18,081		–		–		–			18,081
Deferred income taxes		524,550		(18,592)		20,841		–			526,799
Related party liabilities		13,919		2,073		112		(16,104)	(c)		–
Total liabilities		3,600,111		259,297		1,144,512		(16,104)			4,987,816
Stockholders' equity:
Series preferred stock:
Series A preferred stock		–		–		–		–			–
Series B preferred stock		–		–		–		–			–
Series A common stock		–		–		–		–			–
Common stock		10,497		3,301		2,500		(5,801)	(b)		10,497
Additional paid-in capital		449,878		91,120		26,271		(117,601)	(b)		449,668
Accumulated other comprehensive income (loss)		(34,365)		8,871		32,310		(41,181)	(b)		(34,365)
Retained earnings		2,142,390		66,001		213,088		(278,879)	(b)		2,142,600
Cost of common shares in treasury, net		(525,653)		–		–		–			(525,653)
Cost of preferred shares in treasury, net		(151,997)		–		–		–			(151,997)
Unearned employee stock ownership plan shares		(6,391)		–		–		–			(6,391)
Total stockholders' equity		1,884,359		169,293		274,169		(443,462)			1,884,359
Total liabilities and stockholders' equity	$	5,484,470	$	428,590	$	1,418,681	$	(459,566)		$	6,872,175
(a) Balances as of December 31, 2014
(b) Eliminate investment in subsidiaries
(c) Eliminate intercompany receivables and payables

Consolidated Statement of Operations by Industry Segment

Consolidating statement of operations by industry segment for the quarter ended December 31, 2015 are as follows:

		Moving & Storage Consolidated		Property & Casualty Insurance (a)		Life Insurance (a)		Eliminations			AMERCO Consolidated
		(Unaudited)
		(In thousands)
Revenues:
Self-moving equipment rentals	$	518,438	$	–	$	–	$	(1,035)	(c)	$	517,403
Self-storage revenues		63,164		–		–		–			63,164
Self-moving and self-storage products and service sales		50,038		–		–		–			50,038
Property management fees		8,170		–		–		–			8,170
Life insurance premiums		–		–		40,657		–			40,657
Property and casualty insurance premiums		–		14,105		–		–			14,105
Net investment and interest income		1,976		3,252		13,993		(195)	(b)		19,026
Other revenue		30,966		–		1,498		(276)	(b)		32,188
Total revenues		672,752		17,357		56,148		(1,506)			744,751
Costs and expenses:
Operating expenses		344,654		7,048		5,756		(1,302)	(b,c)		356,156
Commission expenses		58,347		–		–		–			58,347
Cost of sales		29,460		–		–		–			29,460
Benefits and losses		–		4,038		37,536		–			41,574
Amortization of deferred policy acquisition costs		–		–		5,138		–			5,138
Lease expense		10,508		–		–		(47)	(b)		10,461
Depreciation, net of (gains) losses on disposals		85,713		–		–		–			85,713
Total costs and expenses		528,682		11,086		48,430		(1,349)			586,849
Earnings from operations before equity in earnings of subsidiaries		144,070		6,271		7,718		(157)			157,902
Equity in earnings of subsidiaries		9,090		–		–		(9,090)	(d)		–
Earnings from operations		153,160		6,271		7,718		(9,247)			157,902
Interest expense		(25,564)		–		–		157	(b)		(25,407)
Pretax earnings		127,596		6,271		7,718		(9,090)			132,495
Income tax expense		(45,827)		(2,195)		(2,704)		–			(50,726)
Earnings available to common shareholders	$	81,769	$	4,076	$	5,014	$	(9,090)		$	81,769
(a) Balances for the quarter ended September 30, 2015
(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, 2014 are as follows:

		Moving & Storage Consolidated		Property & Casualty Insurance (a)		Life Insurance (a)		Eliminations			AMERCO Consolidated
		(Unaudited)
		(In thousands)
Revenues:
Self-moving equipment rentals	$	488,505	$	–	$	–	$	(1,090)	(c)	$	487,415
Self-storage revenues		53,503		–		–		–			53,503
Self-moving and self-storage products and service sales		49,081		–		–		–			49,081
Property management fees		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		2,838		2,961		15,149		(196)	(b)		20,752
Other revenue		34,409		–		1,202		(114)	(b)		35,497
Total revenues		635,833		16,545		55,377		(1,400)			706,355
Costs and expenses:
Operating expenses		328,187		6,123		5,576		(1,194)	(b,c)		338,692
Commission expenses		58,439		–		–		–			58,439
Cost of sales		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		18,755		–		–		(50)	(b)		18,705
Depreciation, net of (gains) losses on disposals		81,810		–		–		–			81,810
Total costs and expenses		517,942		9,604		46,901		(1,244)			573,203
Earnings from operations before equity in earnings of subsidiaries		117,891		6,941		8,476		(156)			133,152
Equity in earnings of subsidiaries		10,088		–		–		(10,088)	(d)		–
Earnings from operations		127,979		6,941		8,476		(10,244)			133,152
Interest expense		(25,875)		–		–		156	(b)		(25,719)
Pretax earnings		102,104		6,941		8,476		(10,088)			107,433
Income tax expense		(35,564)		(2,428)		(2,901)		–			(40,893)
Earnings available to common shareholders	$	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 statements of operations by industry for the nine months ended December 31, 2015 are as follows:

		Moving & Storage Consolidated		Property & Casualty Insurance (a)		Life Insurance (a)		Eliminations			AMERCO Consolidated
		(Unaudited)
		(In thousands)
Revenues:
Self-moving equipment rentals	$	1,847,661	$	–	$	–	$	(2,753)	(c)	$	1,844,908
Self-storage revenues		182,415		–		–		–			182,415
Self-moving and self-storage products and service sales		197,999		–		–		–			197,999
Property management fees		20,601		–		–		–			20,601
Life insurance premiums		–		–		121,438		–			121,438
Property and casualty insurance premiums		–		38,033		–		–			38,033
Net investment and interest income		6,638		10,839		46,261		(589)	(b)		63,149
Other revenue		120,572		–		3,705		(361)	(b)		123,916
Total revenues		2,375,886		48,872		171,404		(3,703)			2,592,459
Costs and expenses:
Operating expenses		1,091,169		20,476		17,048		(3,086)	(b,c)		1,125,607
Commission expenses		212,204		–		–		–			212,204
Cost of sales		110,596		–		–		–			110,596
Benefits and losses		–		9,582		118,811		–			128,393
Amortization of deferred policy acquisition costs		–		–		15,559		–			15,559
Lease expense		40,389		–		–		(140)	(b)		40,249
Depreciation, net of (gains) losses on disposals		199,773		–		–		–			199,773
Total costs and expenses		1,654,131		30,058		151,418		(3,226)			1,832,381
Earnings from operations before equity in earnings of subsidiaries		721,755		18,814		19,986		(477)			760,078
Equity in earnings of subsidiaries		25,219		–		–		(25,219)	(d)		–
Earnings from operations		746,974		18,814		19,986		(25,696)			760,078
Interest expense		(71,957)		–		–		477	(b)		(71,480)
Pretax earnings		675,017		18,814		19,986		(25,219)			688,598
Income tax expense		(238,584)		(6,585)		(6,996)		–			(252,165)
Earnings available to common shareholders	$	436,433	$	12,229	$	12,990	$	(25,219)		$	436,433
(a) Balances for the nine months ended September 30, 2015
(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 Consolidated		Property & Casualty Insurance (a)		Life Insurance (a)		Eliminations			AMERCO Consolidated
		(Unaudited)
		(In thousands)
Revenues:
Self-moving equipment rentals	$	1,719,200	$	–	$	–	$	(2,776)	(c)	$	1,716,424
Self-storage revenues		155,623		–		–		–			155,623
Self-moving and self-storage products and service sales		191,603		–		–		–			191,603
Property management fees		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		10,785		9,823		43,632		(586)	(b)		63,654
Other revenue		130,718		–		3,491		(344)	(b)		133,865
Total revenues		2,226,899		45,488		163,120		(3,706)			2,431,801
Costs and expenses:
Operating expenses		1,053,584		18,635		16,834		(3,092)	(b,c)		1,085,961
Commission expenses		200,939		–		–		–			200,939
Cost of sales		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		61,090		–		–		(140)	(b)		60,950
Depreciation, net of (gains) losses on disposals		209,927		–		–		–			209,927
Total costs and expenses		1,637,755		27,553		141,538		(3,232)			1,803,614
Earnings from operations before equity in earnings of subsidiaries		589,144		17,935		21,582		(474)			628,187
Equity in earnings of subsidiaries		25,763		–		–		(25,763)	(d)		–
Earnings from operations		614,907		17,935		21,582		(26,237)			628,187
Interest expense		(75,218)		–		–		474	(b)		(74,744)
Fees and amortization on early extinguishment of debt		(4,081)		–		–		–			(4,081)
Pretax earnings		535,608		17,935		21,582		(25,763)			549,362
Income tax expense		(188,347)		(6,277)		(7,477)		–			(202,101)
Earnings available to common shareholders	$	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

Consolidated Cash Flow Statement by Industry Segment

Continuation of consolidating cash flow statements by industry segment for the nine months ended December 31, 2015 are as follows:

		Moving & Storage Consolidated		Property & Casualty Insurance (a)		Life Insurance (a)		Elimination		AMERCO Consolidated
		(Unaudited)
Cash flows from operating activities:		(In thousands)
Net earnings	$	436,433	$	12,229	$	12,990	$	(25,219)	$	436,433
Earnings from consolidated entities		(25,219)		–		–		25,219		–
Adjustments to reconcile net earnings to the cash provided by operations:
Depreciation		287,562		–		–		–		287,562
Amortization of deferred policy acquisition costs		–		–		15,559		–		15,559
Change in allowance for losses on trade receivables		29		–		(211)		–		(182)
Change in allowance for inventory reserve		(1,939)		–		–		–		(1,939)
Net gain on sale of real and personal property		(87,789)		–		–		–		(87,789)
Net gain on sale of investments		–		(652)		(3,127)		–		(3,779)
Deferred income taxes		145,104		5,321		974		–		151,399
Net change in other operating assets and liabilities:
Reinsurance recoverables and trade receivables		(5,420)		12,077		1,911		–		8,568
Inventories		(3,887)		–		–		–		(3,887)
Prepaid expenses		(57,015)		–		–		–		(57,015)
Capitalization of deferred policy acquisition costs		–		–		(24,803)		–		(24,803)
Other assets		19,226		1,358		96		–		20,680
Related party assets		49,512		291		–		–		49,803
Accounts payable and accrued expenses		16,703		822		19,798		–		37,323
Policy benefits and losses, claims and loss expenses payable		20,712		(15,402)		7,666		–		12,976
Other policyholders' funds and liabilities		–		(1,239)		679		–		(560)
Deferred income		1,005		–		–		–		1,005
Related party liabilities		(752)		(169)		43		–		(878)
Net cash provided (used) by operating activities		794,265		14,636		31,575		–		840,476
Cash flows from investing activities:
Purchases of:
Property, plant and equipment		(1,051,830)		–		–		–		(1,051,830)
Short term investments		–		(30,536)		(361,147)		–		(391,683)
Fixed maturities investments		–		(32,593)		(286,071)		–		(318,664)
Equity securities		–		–		(1,315)		–		(1,315)
Preferred stock		–		(5)		–		–		(5)
Real estate		–		(6)		(17)		–		(23)
Mortgage loans		(15,104)		(1,800)		(82,645)		–		(99,549)
Proceeds from sales and paydown's of:
Property, plant and equipment		463,602		–		–		–		463,602
Short term investments		–		31,816		369,028		–		400,844
Fixed maturities investments		–		19,428		116,299		–		135,727
Equity securities		–		–		808		–		808
Mortgage loans		11,635		4,447		18,059		–		34,141
Net cash provided (used) by investing activities		(591,697)		(9,249)		(227,001)		–		(827,947)
		(page 1 of 2)
(a) Balance for the period ended September 30, 2015

Continuation of consolidating cash flow statements by industry segment for the nine months ended December 31, 2015 are as follows:

		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		461,276		–		47,000		–		508,276
Principal repayments on credit facilities		(233,304)		–		(47,000)		–		(280,304)
Debt issuance costs		(5,957)		–		–		–		(5,957)
Capital lease payments		(110,202)		–		–		–		(110,202)
Employee Stock Ownership Plan		(1,559)		–		–		–		(1,559)
Securitization deposits		448		–		–		–		448
Common stock dividend paid		(78,374)		–		–		–		(78,374)
Investment contract deposits		–		–		246,756		–		246,756
Investment contract withdrawals		–		–		(41,258)		–		(41,258)
Net cash provided (used) by financing activities		32,328		–		205,498		–		237,826
Effects of exchange rate on cash		(17,578)		–		–		–		(17,578)
Increase (decrease) in cash and cash equivalents		217,318		5,387		10,072		–		232,777
Cash and cash equivalents at beginning of period		431,873		8,495		1,482		–		441,850
Cash and cash equivalents at end of period	$	649,191	$	13,882	$	11,554	$	–	$	674,627
		(page 2 of 2)
(a) Balance for the period ended September 30, 2015

Consolidating cash flow statements by industry segment for the nine months ended December 31, 2014 are as follows:

		Moving & Storage Consolidated		Property & Casualty Insurance (a)		Life Insurance (a)		Elimination			AMERCO Consolidated
		(Unaudited)
Cash flows from operating activities:		(In thousands)
Net earnings	$	347,261	$	11,658	$	14,105	$	(25,763)		$	347,261
Earnings from consolidated entities		(25,763)		–		–		25,763			–
Adjustments to reconcile net earnings to cash provided by operations:
Depreciation		259,871		–		–		–			259,871
Amortization of deferred policy acquisition costs		–		–		13,196		–			13,196
Change in allowance for losses on trade receivables		(201)		–		(11)		–			(212)
Change in allowance for inventory reserve		(744)		–		–		–			(744)
Net gain on sale of real and personal property		(49,944)		–		–		–			(49,944)
Net gain on sale of investments		–		(839)		(2,415)		–			(3,254)
Deferred income taxes		64,058		4,983		2,444		–			71,485
Net change in other operating assets and liabilities:
Reinsurance recoverables and trade receivables		(9,126)		17,101		(6,080)		–			1,895
Inventories		(2,053)		–		–		–			(2,053)
Prepaid expenses		(38,905)		–		–		–			(38,905)
Capitalization of deferred policy acquisition costs		–		–		(20,158)		–			(20,158)
Other assets		(41,905)		1,088		(846)		–			(41,663)
Related party assets		21,474		(947)		–		243	(b)		20,770
Accounts payable and accrued expenses		(13,095)		(248)		9,537		–			(3,806)
Policy benefits and losses, claims and loss expenses payable		(4,623)		(21,913)		8,949		–			(17,587)
Other policyholders' funds and liabilities		–		1,395		1,335		–			2,730
Deferred income		(16,732)		–		–		–			(16,732)
Related party liabilities		(235)		285		215		(243)	(b)		22
Net cash provided (used) by operating activities		489,338		12,563		20,271		–			522,172
Cash flows from investing activities:
Purchases of:
Property, plant and equipment		(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)		(3,150)		(12,622)		–			(37,365)
Proceeds from sales and paydown's of:
Property, plant and equipment		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		23,214		3,976		6,002		–			33,192
Net cash provided (used) by investing activities		(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 Consolidated		Property & Casualty Insurance (a)		Life Insurance (a)		Elimination		AMERCO Consolidated
		(Unaudited)
Cash flows from financing activities:		(In thousands)
Borrowings from credit facilities		510,074		–		–		–		510,074
Principal repayments on credit facilities		(266,672)		–		–		–		(266,672)
Debt issuance costs		(9,697)		–		–		–		(9,697)
Capital lease payments		(65,478)		–		–		–		(65,478)
Employee Stock Ownership Plan		(184)		–		–		–		(184)
Investment contract deposits		–		–		94,979		–		94,979
Investment contract withdrawals		–		–		(38,653)		–		(38,653)
Net cash provided (used) by financing activities		168,043		–		56,326		–		224,369
Effects of exchange rate on cash		(6,243)		–		–		–		(6,243)
Increase (decrease) in cash and cash equivalents		248,992		(2,499)		(12,582)		–		233,911
Cash and cash equivalents at beginning of period		464,710		12,758		17,644		–		495,112
Cash and cash equivalents at end of period	$	713,702	$	10,259	$	5,062	$	–	$	729,023
		(page 2 of 2)
(a) Balance for the period ended September 30, 2014