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Schedule I - Condensed Financial Information of Amerco | 12 Months Ended
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Mar. 31, 2020
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, 2020 2019 (In thousands) ASSETS Cash and cash equivalents $ 294,528 $ 428,950 Investment in subsidiaries 2,758,509 2,474,671 Related party assets 1,734,358 1,424,274 Other assets 502,064 120,896 Total assets $ 5,289,459 $ 4,448,791 LIABILITIES AND STOCKHOLDERS' EQUITY Liabilities: Other liabilities $ 1,068,291 $ 754,115 1,068,291 754,115 Stockholders' equity: Preferred stock – – Common stock 10,497 10,497 Additional paid-in capital 454,029 453,536 Accumulated other comprehensive income (loss) 35,100 (68,459) Retained earnings: Beginning of period 3,976,752 3,635,351 Adjustment for adoption of ASU 2016-01 – 9,724 Net earnings 442,048 370,857 Dividends (19,608) (39,180) End of period 4,399,192 3,976,752 Cost of common shares in treasury (525,653) (525,653) Cost of preferred shares in treasury (151,997) (151,997) Total stockholders' equity 4,221,168 3,694,676 Total liabilities and stockholders' equity $ 5,289,459 $ 4,448,791 The accompanying notes are an integral part of these condensed financial statements. F- 64 CONDENSED FINANCIAL INFORMATION OF AMERCO STATEMENTS OF OPERATIONS Years Ended March 31, 2020 2019 2018 (In thousands, except share and per share data) Revenues: Net interest income and other revenues $ 6,586 $ 8,601 $ 4,606 Expenses: Operating expenses 10,622 8,840 7,003 Other expenses 96 93 91 Total expenses 10,718 8,933 7,094 Equity in earnings of subsidiaries 205,940 279,589 681,786 Interest income 130,670 112,649 120,549 Pretax earnings 332,478 391,906 799,847 Income tax benfefit (expense) 109,570 (21,049) (9,264) Earnings available to common shareholders $ 442,048 $ 370,857 $ 790,583 Basic and diluted earnings per common share $ 22.55 $ 18.93 $ 40.36 Weighted average common shares outstanding: Basic and diluted 19,603,708 19,592,048 19,588,889 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, 2020 2019 2018 (In thousands) Net earnings $ 442,048 $ 370,857 $ 790,583 Other comprehensive income (loss) 101,350 (62,075) 37,873 Total comprehensive income $ 543,398 $ 308,782 $ 828,456 The accompanying notes are an integral part of these condensed financial statements. F- 65 CONDENSED FINANCIAL INFORMATION OF AMERCO STATEMENTS OF CASH FLOW Years Ended March 31, 2020 2019 2018 (In thousands) Cash flows from operating activities: Net earnings $ 442,048 $ 370,857 $ 790,583 Change in investments in subsidiaries (205,940) (279,589) (681,786) Adjustments to reconcile net earnings to cash provided by operations: Depreciation 1 1 3 Net loss on sale of real and personal property – – – Deferred income taxes 323,980 112,434 (182,358) Net change in other operating assets and liabilities: Reinsurance recoverables and trade receivables – – – Prepaid expenses (381,190) (6,289) (36,516) Other assets 22 (40) 65 Related party assets – – – Accounts payable and accrued expenses 1,935 2,260 278 Net cash provided (used) by operating activities 180,856 199,634 (109,731) Cash flows from investing activities: Purchases of property, plant and equipment – (1) (1) Proceeds of property, plant and equipment – – – Net cash used by investing activities – (1) (1) Cash flows from financing activities: Proceeds from (repayments) of intercompany loans (311,534) (196,382) 250,214 Common stock dividends paid (29,404) (39,179) (29,380) Net contribution from related party 21,600 – – Net cash provided (used) by financing activities (319,338) (235,561) 220,834 Effects of exchange rate on cash 4,060 (4,331) (3,124) Increase (decrease) in cash and cash equivalents (134,422) (40,259) 107,978 Cash and cash equivalents at beginning of period 428,950 469,209 361,231 Cash and cash equivalents at end of period $ 294,528 $ 428,950 $ 469,209 Income taxes paid, net of income taxes refunds received, amounted to $ 6.9 million, $ 4.3 million and $ 68.7 million for fiscal 2020, 2019 and 2018, respectively. The accompanying notes are an integral part of these condensed financial statements. F- 66

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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/disclosureRef -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=26873400&loc=d3e24072-122690 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=108774443&loc=d3e5283-111683 + Details
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