XML 57 R75.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Consolidated Cash Flow Statement by Industry Segment (Table Text Block) | 12 Months Ended
--- | ---
Mar. 31, 2015
Table Text Block Supplement [Abstract] |
Consolidated Cash Flow Statement by Industry Segment | Consolidating cash flow statements by industry segment for the year ended March 31, 2015, are as follows:
|  | Moving & Storage Consolidated |  | Property & Casualty Insurance (a) |  | Life Insurance (a) |  | Elimination |  |  | AMERCO Consolidated
|  | (In thousands)
Cash flows from operating activities: |  |  |  |  |  |  |  |  |  |  |
Net earnings | $ | 356,741 | $ | 15,417 | $ | 19,366 | $ | (34,783) |  | $ | 356,741
Earnings from consolidated subsidiaries |  | (34,783) |  | – |  | – |  | 34,783 |  |  | –
Adjustments to reconcile net earnings to the cash provided by operations: |  |  |  |  |  |  |  |  |  |  |
Depreciation |  | 352,796 |  | – |  | – |  | – |  |  | 352,796
Amortization of deferred policy acquisition costs |  | – |  | – |  | 19,661 |  | – |  |  | 19,661
Change in allowance for losses on trade receivables |  | (179) |  | – |  | 11 |  | – |  |  | (168)
Change in allowance for inventory reserve |  | (872) |  | – |  | – |  | – |  |  | (872)
Net gain on sale of real and personal property |  | (74,631) |  | – |  | – |  | – |  |  | (74,631)
Net gain on sale of investments |  | – |  | (841) |  | (3,084) |  | – |  |  | (3,925)
Deferred income taxes |  | 66,628 |  | 8,030 |  | 1,842 |  | – |  |  | 76,500
Net change in other operating assets and liabilities: |  |  |  |  |  |  |  |  |  |  |
Reinsurance recoverables and trade receivables |  | (3,213) |  | 16,830 |  | (3,985) |  | – |  |  | 9,632
Inventories |  | (1,579) |  | – |  | – |  | – |  |  | (1,579)
Prepaid expenses |  | (65,720) |  | – |  | – |  | – |  |  | (65,720)
Capitalization of deferred policy acquisition costs |  | – |  | – |  | (27,084) |  | – |  |  | (27,084)
Other assets |  | 4,437 |  | 102 |  | (804) |  | – |  |  | 3,7 35
Related party assets |  | 27,753 |  | (258) |  | – |  | 211 | (b) |  | 27,706
Accounts payable and accrued expenses |  | 158,6 10 |  | – |  | 7,446 |  | – |  |  | 166,056
Policy benefits and losses, claims and loss expenses payable |  | (4,327) |  | (23,472) |  | 10,178 |  | – |  |  | (17,621)
Other policyholders' funds and liabilities |  | – |  | 339 |  | 671 |  | – |  |  | 1,010
Deferred income |  | (13,181) |  | – |  | – |  | – |  |  | (13,181)
Related party liabilities |  | (1,016) |  | 428 |  | (67) |  | (211) | (b) |  | (866)
Net cash provided (used) by operating activities |  | 767,464 |  | 16,575 |  | 24,151 |  | – |  |  | 808,190
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |
Purchases of: |  |  |  |  |  |  |  |  |  |  |
Property, plant and equipment |  | (1,111,899) |  | – |  | – |  | – |  |  | (1,111,899)
Short term investments |  | – |  | (40,583) |  | (249,796) |  | – |  |  | (290,379)
Fixed maturities investments |  | – |  | (43,062) |  | (171,309) |  | – |  |  | (214,371)
Equity securities |  | – |  | (3,333) |  | (426) |  | – |  |  | (3,759)
Preferred stock |  | – |  | (1,006) |  | (1,000) |  | – |  |  | (2,006)
Real estate |  | – |  | (7,857) |  | (7,542) |  | – |  |  | (15,399)
Mortgage loans |  | (22,876) |  | (4,350) |  | (15,457) |  | – |  |  | (42,683)
Proceeds from sales and paydowns of: |  |  |  |  |  |  |  |  |  |  |
Property, plant and equipment |  | 411,629 |  | – |  | – |  | – |  |  | 411,629
Short term investments |  | – |  | 53,112 |  | 234,771 |  | – |  |  | 287,883
Fixed maturities investments |  | – |  | 18,556 |  | 89,311 |  | – |  |  | 107,867
Equity securities |  | – |  | 3,082 |  | – |  | – |  |  | 3,082
Preferred stock |  | – |  | 400 |  | 2,027 |  | – |  |  | 2,427
Real estate |  | – |  | – |  | 396 |  | – |  |  | 396
Mortgage loans |  | 28,089 |  | 4,203 |  | 9,691 |  | – |  |  | 41,983
Net cash provided (used) by investing activities |  | (695,057) |  | (20,838) |  | (109,334) |  | – |  |  | (825,229)
(a) Balance for the period ended December 31, 2014 |  |  |  |  |  |  |  |  |  |  |
(b) Eliminate intercompany investments |  |  |  |  |  |  |  |  |  |  |
Continuation of consolidating cash flow statements by industry segment for the year ended March 31, 2015, are as follows:
|  | Moving & Storage Consolidated |  | Property & Casualty Insurance (a) |  | Life Insurance (a) |  | Elimination |  |  | AMERCO Consolidated
|  | (In thousands)
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |
Borrowings from credit facilities |  | 657,535 |  | – |  | – |  | – |  |  | 657,535
Principal repayments on credit facilities |  | (593,722) |  | – |  | – |  | – |  |  | (593,722)
Debt issuance costs |  | (12,327) |  | – |  | – |  | – |  |  | (12,327)
Capital lease payments |  | (121,202) |  | – |  | – |  | – |  |  | (121,202)
Leveraged Employee Stock Ownership Plan |  | (5,172) |  | – |  | – |  | – |  |  | (5,172)
Common stock dividends paid |  | (19,594) |  | – |  | – |  | – |  |  | (19,594)
Investment contract deposits |  | – |  | – |  | 123,129 |  | – |  |  | 123,129
Investment contract withdrawals |  | – |  | – |  | (54,108) |  | – |  |  | (54,108)
Net cash provided (used) by financing activities |  | (94,482) |  | – |  | 69,021 |  | – |  |  | (25,461)
Effects of exchange rate on cash |  | (10,762) |  | – |  | – |  | – |  |  | (10,762)
Decrease in cash and cash equivalents |  | (32,837) |  | (4,263) |  | (16,162) |  | – |  |  | (53,262)
Cash and cash equivalents at beginning of period |  | 464,710 |  | 12,758 |  | 17,644 |  | – |  |  | 495,112
Cash and cash equivalents at end of period | $ | 431,873 | $ | 8,495 | $ | 1,482 | $ | – |  | $ | 441,850
(a) Balance for the period ended December 31, 2014 |  |  |  |  |  |  |  |  |  |  |
Consolidating cash flow statements by industry segment for the year ended March 31, 2014, are as follows:
|  | Moving & Storage Consolidated |  | Property & Casualty Insurance (a) |  | Life Insurance (a) |  | Elimination |  |  | AMERCO Consolidated
|  | (In thousands)
Cash flows from operating activities: |  |  |  |  |  |  |  |  |  |  |
Net earnings | $ | 342,391 | $ | 12,662 | $ | 17,330 | $ | (29,992) |  | $ | 342,391
Earnings from consolidated subsidiaries |  | (29,992) |  | – |  | – |  | 29,992 |  |  | –
Adjustments to reconcile net earnings to the cash provided by operations: |  |  |  |  |  |  |  |  |  |  |
Depreciation |  | 293,169 |  | – |  | – |  | – |  |  | 293,169
Amortization of deferred policy acquisition costs |  | – |  | – |  | 19,982 |  | – |  |  | 19,982
Change in allowance for losses on trade receivables |  | (28) |  | – |  | (8) |  | – |  |  | (36)
Change in allowance for inventory reserve |  | 871 |  | – |  | – |  | – |  |  | 871
Net gain on sale of real and personal property |  | (33,557) |  | – |  | – |  | – |  |  | (33,557)
Net gain on sale of investments |  | (1,325) |  | (536) |  | (4,550) |  | – |  |  | (6,411)
Deferred income taxes |  | 34,605 |  | 7,301 |  | 4,465 |  | – |  |  | 46,371
Net change in other operating assets and liabilities: |  |  |  |  |  |  |  |  |  |  |
Reinsurance recoverables and trade receivables |  | 14,328 |  | 43,675 |  | 4,503 |  | – |  |  | 62,506
Inventories |  | (11,495) |  | – |  | – |  | – |  |  | (11,495)
Prepaid expenses |  | 2,186 |  | – |  | – |  | – |  |  | 2,186
Capitalization of deferred policy acquisition costs |  | – |  | – |  | (32,611) |  | – |  |  | (32,611)
Other assets |  | 8,670 |  | (781) |  | (222) |  | – |  |  | 7,667
Related party assets |  | 11,060 |  | (4,231) |  | – |  | 725 | (b) |  | 7,554
Accounts payable and accrued expenses |  | 30,822 |  | – |  | 3,909 |  | – |  |  | 34,731
Policy benefits and losses, claims and loss expenses payable |  | (8,202) |  | (34,968) |  | 12,674 |  | – |  |  | (30,496)
Other policyholders' funds and liabilities |  | – |  | 575 |  | 118 |  | – |  |  | 693
Deferred income |  | 1,259 |  | – |  | – |  | – |  |  | 1,259
Related party liabilities |  | 5,647 |  | (131) |  | (61) |  | (725) | (b) |  | 4,730
Net cash provided (used) by operating activities |  | 660,409 |  | 23,566 |  | 25,529 |  | – |  |  | 709,504
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |
Purchases of: |  |  |  |  |  |  |  |  |  |  |
Property, plant and equipment |  | (999,365) |  | – |  | – |  | – |  |  | (999,365)
Short term investments |  | – |  | (60,551) |  | (210,139) |  | – |  |  | (270,690)
Fixed maturities investments |  | – |  | (58,790) |  | (223,634) |  | – |  |  | (282,424)
Equity securities |  | – |  | (746) |  | (816) |  | – |  |  | (1,562)
Preferred stock |  | – |  | (640) |  | – |  | – |  |  | (640)
Real estate |  | – |  | – |  | (532) |  | – |  |  | (532)
Mortgage loans |  | (21,349) |  | (3,500) |  | (39,159) |  | 11,589 | (b) |  | (52,419)
Proceeds from sales and paydowns of: |  |  |  |  |  |  |  |  |  |  |
Property, plant and equipment |  | 270,053 |  | – |  | – |  | – |  |  | 270,053
Short term investments |  | – |  | 68,852 |  | 200,200 |  | – |  |  | 269,052
Fixed maturities investments |  | – |  | 17,106 |  | 121,295 |  | – |  |  | 138,401
Equity securities |  | 26,569 |  | 2,570 |  | – |  | – |  |  | 29,139
Preferred stock |  | – |  | 4,504 |  | 1,500 |  | – |  |  | 6,004
Real estate |  | 193 |  | – |  | 351 |  | – |  |  | 544
Mortgage loans |  | 38,959 |  | 6,267 |  | 15,049 |  | (11,589) | (b) |  | 48,686
Net cash provided (used) by investing activities |  | (684,940) |  | (24,928) |  | (135,885) |  | – |  |  | (845,753)
(a) Balance for the period ended December 31, 2013 |  |  |  |  |  |  |  |  |  |  |
(b) Eliminate intercompany investments |  |  |  |  |  |  |  |  |  |  |
Continuation of consolidating cash flow statements by industry segment for the year ended March 31, 2014, are as follows:
|  | Moving & Storage Consolidated |  | Property & Casualty Insurance (a) |  | Life Insurance (a) |  | Elimination |  |  | AMERCO Consolidated
|  | (In thousands)
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |
Borrowings from credit facilities |  | 431,029 |  | – |  | – |  | – |  |  | 431,029
Principal repayments on credit facilities |  | (293,068) |  | – |  | – |  | – |  |  | (293,068)
Debt issuance costs |  | (3,943) |  | – |  | – |  | – |  |  | (3,943)
Capital lease payments |  | (53,079) |  | – |  | – |  | – |  |  | (53,079)
Leveraged Employee Stock Ownership Plan - repayments from loan |  | 487 |  | – |  | – |  | – |  |  | 487
Proceeds from (repayment of) intercompany loans |  | – |  | – |  | – |  | – |  |  | –
Common stock dividends paid |  | (19,568) |  | – |  | – |  | – |  |  | (19,568)
Investment contract deposits |  | – |  | – |  | 140,613 |  | – |  |  | 140,613
Investment contract withdrawals |  | – |  | – |  | (34,677) |  | – |  |  | (34,677)
Net cash provided (used) by financing activities |  | 61,858 |  | – |  | 105,936 |  | – |  |  | 167,794
Effects of exchange rate on cash |  | (177) |  | – |  | – |  | – |  |  | (177)
Increase (decrease) in cash and cash equivalents |  | 37,150 |  | (1,362) |  | (4,420) |  | – |  |  | 31,368
Cash and cash equivalents at beginning of period |  | 427,560 |  | 14,120 |  | 22,064 |  | – |  |  | 463,744
Cash and cash equivalents at end of period | $ | 464,710 | $ | 12,758 | $ | 17,644 | $ | – |  | $ | 495,112
(a) Balance for the period ended December 31, 2013 |  |  |  |  |  |  |  |  |  |  |
Consolidating cash flow statements by industry segment for the year ended March 31, 2013 are as follows:
|  | Moving & Storage Consolidated |  | Property & Casualty Insurance (a) |  | Life Insurance (a) |  | Elimination |  |  | AMERCO Consolidated
|  | (In thousands)
Cash flows from operating activities: |  |  |  |  |  |  |  |  |  |  |
Net earnings | $ | 264,708 | $ | 9,256 | $ | 14,985 | $ | (24,241) |  | $ | 264,708
Earnings from consolidated subsidiaries |  | (24,241) |  | – |  | – |  | 24,241 |  |  | –
Adjustments to reconcile net earnings to the cash provided by operations: |  |  |  |  |  |  |  |  |  |  |
Depreciation |  | 260,492 |  | – |  | – |  | – |  |  | 260,492
Amortization of deferred policy acquisition costs |  | – |  | – |  | 17,376 |  | – |  |  | 17,376
Change in allowance for losses on trade receivables |  | (134) |  | – |  | – |  | – |  |  | (134)
Change in allowance for inventory reserve |  | 1,133 |  | – |  | – |  | – |  |  | 1,133
Net gain on sale of real and personal property |  | (22,496) |  | – |  | – |  | – |  |  | (22,496)
Net gain on sale of investments |  | (76) |  | (4,883) |  | (3,364) |  | – |  |  | (8,323)
Deferred income taxes |  | 9,206 |  | 4,459 |  | (147) |  | – |  |  | 13,518
Net change in other operating assets and liabilities: |  |  |  |  |  |  |  |  |  |  |
Reinsurance recoverables and trade receivables |  | (6,022) |  | 45,201 |  | (2,857) |  | – |  |  | 36,322
Inventories |  | 1,206 |  | – |  | – |  | – |  |  | 1,206
Prepaid expenses |  | (15,587) |  | – |  | – |  | – |  |  | (15,587)
Capitalization of deferred policy acquisition costs |  | – |  | – |  | (50,640) |  | – |  |  | (50,640)
Other assets |  | 21,216 |  | 294 |  | 46 |  | – |  |  | 21,556
Related party assets |  | 133,970 |  | (1,361) |  | – |  | 1,063 | (b) |  | 133,672
Accounts payable and accrued expenses |  | 41,330 |  | – |  | (1,298) |  | – |  |  | 40,032
Policy benefits and losses, claims and loss expenses payable |  | 1,102 |  | (52,755) |  | 21,175 |  | – |  |  | (30,478)
Other policyholders' funds and liabilities |  | – |  | (281) |  | 302 |  | – |  |  | 21
Deferred income |  | (1,312) |  | – |  | – |  | – |  |  | (1,312)
Related party liabilities |  | 1,145 |  | 346 |  | 36 |  | (1,063) | (b) |  | 464
Net cash provided (used) by operating activities |  | 665,640 |  | 276 |  | (4,386) |  | – |  |  | 661,530
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |
Purchases of: |  |  |  |  |  |  |  |  |  |  |
Property, plant and equipment |  | (655,984) |  | – |  | – |  | – |  |  | (655,984)
Short term investments |  | – |  | (97,269) |  | (314,369) |  | – |  |  | (411,638)
Fixed maturities investments |  | – |  | (44,460) |  | (398,802) |  | – |  |  | (443,262)
Equity securities |  | – |  | (16,289) |  | – |  | – |  |  | (16,289)
Preferred stock |  | – |  | (6,296) |  | – |  | – |  |  | (6,296)
Real estate |  | (243) |  | – |  | (830) |  | – |  |  | (1,073)
Mortgage loans |  | (45,206) |  | (1,821) |  | (33,684) |  | – |  |  | (80,711)
Proceeds from sales and paydowns of: |  |  |  |  |  |  |  |  |  |  |
Property, plant and equipment |  | 220,699 |  | – |  | – |  | – |  |  | 220,699
Short term investments |  | – |  | 87,738 |  | 329,782 |  | – |  |  | 417,520
Fixed maturities investments |  | – |  | 35,493 |  | 125,313 |  | – |  |  | 160,806
Equity securities |  | 372 |  | – |  | – |  | – |  |  | 372
Preferred stock |  | – |  | 7,258 |  | – |  | – |  |  | 7,258
Real estate |  | 667 |  | – |  | 4 |  | – |  |  | 671
Mortgage loans |  | 46,468 |  | 25,448 |  | 23,798 |  | – |  |  | 95,714
Net cash provided (used) by investing activities |  | (433,227) |  | (10,198) |  | (268,788) |  | – |  |  | (712,213)
(a) Balance for the period ended December 31, 2012 |  |  |  |  |  |  |  |  |  |  |
(b) Eliminate intercompany investments |  |  |  |  |  |  |  |  |  |  |
Continuation of consolidating cash flow statements by industry segment for the year ended March 31, 2013 are as follows:
|  | Moving & Storage Consolidated |  | Property & Casualty Insurance (a) |  | Life Insurance (a) |  | Elimination |  |  | AMERCO Consolidated
|  | (In thousands)
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |
Borrowings from credit facilities |  | 270,546 |  | – |  | – |  | – |  |  | 270,546
Principal repayments on credit facilities |  | (257,957) |  | – |  | – |  | – |  |  | (257,957)
Debt issuance costs |  | (2,223) |  | – |  | – |  | – |  |  | (2,223)
Capital lease payments |  | (26,877) |  | – |  | – |  | – |  |  | (26,877)
Leveraged Employee Stock Ownership Plan - repayments from loan |  | 692 |  | – |  | – |  | – |  |  | 692
Securitization deposits |  | 1,195 |  | – |  | – |  | – |  |  | 1,195
Proceeds from (repayment of) intercompany loans |  | – |  | – |  | – |  | – |  |  | –
Common stock dividends paid |  | (97,421) |  | – |  | – |  | – |  |  | (97,421)
Contribution to related party |  | (1,500) |  | 1,500 |  | – |  | – |  |  | –
Investment contract deposits |  | – |  | – |  | 301,729 |  | – |  |  | 301,729
Investment contract withdrawals |  | – |  | – |  | (31,901) |  | – |  |  | (31,901)
Net cash provided (used) by financing activities |  | (113,545) |  | 1,500 |  | 269,828 |  | – |  |  | 157,783
Effects of exchange rate on cash |  | (536) |  | – |  | – |  | – |  |  | (536)
Increase (decrease) in cash and cash equivalents |  | 118,332 |  | (8,422) |  | (3,346) |  | – |  |  | 106,564
Cash and cash equivalents at beginning of period |  | 309,228 |  | 22,542 |  | 25,410 |  | – |  |  | 357,180
Cash and cash equivalents at end of period | $ | 427,560 | $ | 14,120 | $ | 22,064 | $ | – |  | $ | 463,744
(a) Balance for the period ended December 31, 2012 |  |  |  |  |  |  |  |  |  |  |

X
- Definition Tabular disclosure of condensed cash flow statement, including, but not limited to, cash flow statements of consolidated entities and consolidation eliminations. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCondensedCashFlowStatementTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_TableTextBlockSupplementAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration