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Condensed Financial Information of Amerco | 12 Months Ended
--- | ---
Mar. 31, 2013
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Condensed Financial Information of Amerco | SCHEDULE I CONDENSED FINANCIAL INFORMATION OF AMERCO BALANCE SHEETS
|  | March 31,
|  | 2013 |  | 2012
|  | (In thousands)
ASSETS
Cash and cash equivalents | $ | 327,119 | $ | 201,502
Investment in subsidiaries |  | 240,080 |  | 8,168
Related party assets |  | 1,032,124 |  | 1,201,385
Other assets |  | 43,841 |  | 27,030
Total assets | $ | 1,643,164 | $ | 1,438,085
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities: |  |  |  |
Other liabilities | $ | 412,199 | $ | 399,867
|  | 412,199 |  | 399,867
Stockholders' equity: |  |  |  |
Preferred stock |  | - |  | -
Common stock |  | 10,497 |  | 10,497
Additional paid-in capital |  | 438,378 |  | 433,953
Accumulated other comprehensive loss |  | (22,680 | ) | (45,436 | )
Retained earnings: |  |  |  |
Beginning of period |  | 1,316,854 |  | 1,139,792
Adjustment to initially apply ASU 2010-26 |  | (1,721 | ) | -
Net earnings |  | 264,708 |  | 205,695
Excess of redemption value over carrying value of preferred shares redeemed |  | - |  | (5,908 | )
Dividends |  | (97,421 | ) | (22,725 | )
End of period |  | 1,482,420 |  | 1,316,854
Cost of common shares in treasury |  | (525,653 | ) | (525,653 | )
Cost of preferred shares in treasury |  | (151,997 | ) | (151,997 | )
Total stockholders' equity |  | 1,230,965 |  | 1,038,218
Total liabilities and stockholders' equity | $ | 1,643,164 | $ | 1,438,085
The accompanying notes are an integral part of these condensed consolidated financial statements. CONDENSED FINANCIAL INFORMATION OF AMERCO STATEMENTS OF OPERATIONS
|  | Years Ended March 31,
|  | 2013 |  | 2012 |  | 2011
|  | (In thousands, except share and per share data)
Revenues: |  |  |  |  |  |
Net interest income from subsidiaries | $ | 5,329 | $ | 6,085 | $ | 5,160
Expenses: |  |  |  |  |  |
Operating expenses |  | 13,611 |  | 9,081 |  | 7,489
Other expenses |  | 97 |  | 98 |  | 99
Total expenses |  | 13,708 |  | 9,179 |  | 7,588
Equity in earnings of subsidiaries |  | 212,164 |  | 149,160 |  | 132,570
Interest income |  | 91,125 |  | 94,278 |  | 85,584
Pretax earnings |  | 294,910 |  | 240,344 |  | 215,726
Income tax expense |  | (30,202 | ) | (34,649 | ) | (31,600 | )
Net earnings |  | 264,708 |  | 205,695 |  | 184,126
Less: Excess of redemption value over carrying value of preferred shares redeemed |  | - |  | (5,908 | ) | -
Less: Preferred stock dividends |  | - |  | (3,241 | ) | (12,963 | )
Earnings available to common stockholders | $ | 264,708 | $ | 196,546 | $ | 171,163
Basic and diluted earnings per common share | $ | 13.56 | $ | 10.09 | $ | 8.81
Weighted average common shares outstanding: Basic and diluted |  | 19,518,779 |  | 19,476,187 |  | 19,432,781
The accompanying notes are an integral part of these condensed consolidated financial statements. CONDENSED FINANCIAL INFORMATION OF AMERCO STATEMENTS OF CASH FLOW
|  | Years Ended March 31,
|  | 2013 |  | 2012 |  | 2011
|  | (In thousands)
Cash flows from operating activities: |  |  |  |  |  |
Net earnings | $ | 264,708 | $ | 205,695 | $ | 184,126
Change in investments in subsidiaries |  | (212,164 | ) | (149,160 | ) | (132,570 | )
Adjustments to reconcile net earnings to cash provided by operations: |  |  |  |  |  |
Depreciation |  | 5 |  | 5 |  | 9
Net gain on sale of investments |  | (76 | ) | (488 | ) | (65 | )
Deferred income taxes |  | 9,206 |  | 109,680 |  | 73,790
Net change in other operating assets and liabilities: |  |  |  |  |  |
Prepaid expenses |  | (12,979 | ) | 6,470 |  | (15,966 | )
Other assets |  | 365 |  | 2,380 |  | 34,937
Related party assets |  | - |  | - |  | 273
Accounts payable and accrued expenses |  | 2,659 |  | 4,163 |  | (8,603 | )
Net cash provided by operating activities |  | 51,724 |  | 178,745 |  | 135,931
Cash flows from investing activities: |  |  |  |  |  |
Purchases of property, plant and equipment |  | (2 | ) | (1 | ) | (5 | )
Purchases of equity securities |  | - |  | (8,855 | ) | (8,253 | )
Proceeds of equity securities |  | 372 |  | 8,800 |  | 1,065
Net cash used by investing activities |  | 370 |  | (56 | ) | (7,193 | )
Cash flows from financing activities: |  |  |  |  |  |
Proceeds from (repayments) of intercompany loans |  | 172,444 |  | (52,051 | ) | 30,566
Preferred stock redemption paid |  | - |  | (151,997 | ) | -
Preferred stock dividends paid |  | - |  | (3,241 | ) | (12,963 | )
Common stock dividends paid |  | (97,421 | ) | (19,484 | ) | -
Dividend from related party |  | - |  | - |  | 3,303
Contribution to related party |  | (1,500 | ) | (518 | ) | -
Net cash provided (used) by financing activities |  | 73,523 |  | (227,291 | ) | 20,906
Increase (decrease) in cash and cash equivalents |  | 125,617 |  | (48,602 | ) | 149,644
Cash and cash equivalents at beginning of period |  | 201,502 |  | 250,104 |  | 100,460
Cash and cash equivalents at end of period | $ | 327,119 | $ | 201,502 | $ | 250,104
Income taxes paid, net of income taxes refunds received, amounted to $144.7 million, $10.7 million and $14.3 million for fiscal 2013, 2012 and 2011, respectively. The accompanying notes are an integral part of these condensed consolidated financial statements.

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 12 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 06 -Article 9 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 05 -Paragraph c -Article 7 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=7656940&loc=d3e5283-111683 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e24072-122690 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph 24 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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