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Schedule I - Condensed Financial Information of Amerco
12 Months Ended
Mar. 31, 2022
Disclosure Text Block [Abstract]  
Condensed Financial Information of Parent Company Only Disclosure [Text Block] SCHEDULE   I CONDENSED FINANCIAL INFORMATION OF AMERCO BALANCE SHEETS     March 31,     2022   2021     (In thousands) ASSETS Cash and cash equivalents $ 2,085,447 $ 751,053 Investment in subsidiaries   4,240,811   3,284,760 Related party assets   1,821,654   1,535,355 Other assets   178,691   413,167 Total assets $ 8,326,603 $ 5,984,335           LIABILITIES AND STOCKHOLDERS' EQUITY Liabilities:         Other liabilities $ 2,442,517 $ 1,136,742     2,442,517   1,136,742 Stockholders' equity:         Preferred stock   –   – Common stock   10,497   10,497 Additional paid-in capital   454,029   454,029 Accumulated other comprehensive income (loss)   45,187   102,568 Retained earnings:         Beginning of period   4,958,149   4,399,192 Adjustment for adoption of Topic 326   –   (2,880) Net earnings   1,123,286   610,856 Dividends   (29,412)   (49,019) End of period   6,052,023   4,958,149           Cost of common shares in treasury   (525,653)   (525,653) Cost of preferred shares in treasury   (151,997)   (151,997) Total stockholders' equity   5,884,086   4,847,593 Total liabilities and stockholders' equity $ 8,326,603 $ 5,984,335 The accompanying notes are an integral part of these condensed financial statements. CONDENSED FINANCIAL INFORMATION OF AMERCO STATEMENTS OF OPERATIONS     Years Ended March 31,     2022   2021   2020     (In thousands, except share and per share data) Revenues:             Net interest income and other revenues $ 1,516 $ 720 $ 6,586 Expenses:             Operating expenses   5,517   6,753   10,622 Other expenses   115   115   96 Total expenses   5,632   6,868   10,718 Equity in earnings of subsidiaries   1,011,841   508,632   205,940 Interest income   131,400   135,673   130,670 Pretax earnings   1,139,125   638,157   332,478 Income tax benfefit (expense)   (15,839)   (27,301)   109,570 Earnings available to common shareholders $ 1,123,286 $ 610,856 $ 442,048 Basic and diluted earnings per common share $ 57.29 $ 31.15 $ 22.55 Weighted average common shares outstanding: Basic and diluted   19,607,788   19,607,788   19,603,708 The accompanying notes are an integral part of these condensed financial statements.   CONDENSED FINANCIAL INFORMATION OF AMERCO STATEMENTS OF comprehensive income     Years Ended March 31,     2022   2021   2020     (In thousands)               Net earnings $ 1,123,286 $ 610,856 $ 442,048 Other comprehensive income (loss)   (60,473)   72,205   101,350 Total comprehensive income $ 1,062,813 $ 683,061 $ 543,398 The accompanying notes are an integral part of these condensed financial statements.   CONDENSED FINANCIAL INFORMATION OF AMERCO STATEMENTS OF CASH FLOW     Years Ended March 31,     2022   2021   2020     (In thousands) Cash flows from operating activities:             Net earnings $ 1,123,286 $ 610,856 $ 442,048 Change in investments in subsidiaries   (1,011,841)   (508,632)   (205,940) Adjustments to reconcile net earnings to cash provided by operations:             Depreciation   1   1   1 Amortization of debt issuance costs   292   924   – Deferred income taxes   106,869   72,407   323,980 Net change in other operating assets and liabilities:             Prepaid expenses   234,490   88,898   (381,190) Other assets   (4)   –   22 Related party assets   (240)   (12,000)   – Accounts payable and accrued expenses   5,461   (4,019)   1,935 Net cash provided by operating activities   458,314   248,435   180,856               Cash flows from investing activities:             Purchases of property, plant and equipment   (11)   (3)   – Proceeds of property, plant and equipment   –   –   – Net cash used by investing activities   (11)   (3)   –               Cash flows from financing activities:             Borrowings from credit facilities   1,200,000   200,000   – Principal repayments on credit facilities   –   (200,000)   – Debt issuance costs   (8,468)   (924)   – Proceeds from (repayments) of intercompany loans   (284,438)   211,064   (311,534) Common stock dividends paid   (29,412)   (49,019)   (29,404) Net contribution from related party   –   41,199   21,600 Net cash provided (used) by financing activities   877,682   202,320   (319,338)               Effects of exchange rate on cash   (1,591)   5,773   4,060 Increase (decrease) in cash and cash equivalents   1,334,394   456,525   (134,422) Cash and cash equivalents at beginning of period   751,053   294,528   428,950 Cash and cash equivalents at end of period $ 2,085,447 $ 751,053 $ 294,528 Income taxes paid (received), net of income taxes refunds received, amounted to ($4.5) million, $29.0 million and $6.9 million for fiscal 2022, 2021 and 2020, respectively. The accompanying notes are an integral part of these condensed financial statements.