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Schedule I - Condensed Financial Information of U-Haul Holding Company Parent Company Only | 12 Months Ended
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Mar. 31, 2024
Condensed Financial Information Disclosure [Abstract] |
Schedule I - Condensed Financial Information of U-Haul Holding Company Parent Company Only | SCHED ULE I CONDENSED FINANCIAL INFORMATION OF U-Haul Holding Company (Parent Company Only) BALANCE SHEETS
|  | March 31, |
|  | 2024 |  |  | 2023 |
|  | (In thousands) |
ASSETS |
Cash and cash equivalents | $ |  | 975,109 |  | $ |  | 1,662,790 |
Investment in subsidiaries |  |  | 4,784,174 |  |  |  | 4,551,742 |
Related party assets |  |  | 3,856,766 |  |  |  | 2,482,280 |
Other assets |  |  | 253,133 |  |  |  | 403,191 |
Total assets | $ |  | 9,869,182 |  | $ |  | 9,100,003 |
LIABILITIES AND STOCKHOLDERS' EQUITY |
Liabilities: |  |  |  |  |  |
Other liabilities | $ |  | 2,702,780 |  | $ |  | 2,601,631 |
|  |  | 2,702,780 |  |  |  | 2,601,631 |
Stockholders' equity: |  |  |  |  |  |
Preferred stock |  |  | — |  |  |  | — |
Voting Common stock |  |  | 10,497 |  |  |  | 10,497 |
Non-Voting Common Stock |  |  | 176 |  |  |  | 176 |
Additional paid-in capital |  |  | 462,758 |  |  |  | 453,853 |
Accumulated other comprehensive income (loss) |  |  | (229,259 | ) |  |  | (291,442 | )
Retained earnings: |  |  |  |  |  |
Beginning of period |  |  | 7,002,938 |  |  |  | 6,112,191 |
Net earnings |  |  | 628,707 |  |  |  | 924,472 |
Common Stock Dividends |  |  | — |  |  |  | (19,608 | )
Non-Voting Common Stock dividends |  |  | (31,765 | ) |  |  | (14,117 | )
End of period |  |  | 7,599,880 |  |  |  | 7,002,938 |
Cost of common shares in treasury |  |  | (525,653 | ) |  |  | (525,653 | )
Cost of preferred shares in treasury |  |  | (151,997 | ) |  |  | (151,997 | )
Total stockholders' equity |  |  | 7,166,402 |  |  |  | 6,498,372 |
Total liabilities and stockholders' equity | $ |  | 9,869,182 |  | $ |  | 9,100,003 |
The accompanying notes are an integral part of these condensed financial statements. CONDENSED FINANCIAL INFORMATION OF U-Haul Holding Company (Parent Company Only) STATEMENTS OF OPERATIONS
|  | Years Ended March 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
|  | (In thousands, except share and per share data) |
Revenues: |  |  |  |  |  |  |  |  |
Net interest income and other revenues | $ |  | 105,624 |  | $ |  | 54,823 |  | $ |  | 1,516 |
Expenses: |  |  |  |  |  |  |  |  |
Operating expenses |  |  | 12,834 |  |  |  | 13,937 |  |  |  | 5,517 |
Other expenses |  |  | 125 |  |  |  | 127 |  |  |  | 115 |
Total expenses |  |  | 12,959 |  |  |  | 14,064 |  |  |  | 5,632 |
Equity in earnings of subsidiaries |  |  | 160,302 |  |  |  | 582,517 |  |  |  | 1,012,917 |
Interest income |  |  | 519,070 |  |  |  | 413,170 |  |  |  | 131,400 |
Pretax earnings |  |  | 772,037 |  |  |  | 1,036,446 |  |  |  | 1,140,201 |
Income tax expense |  |  | (143,330 | ) |  |  | (111,974 | ) |  |  | (15,839 | )
Net earnings available to common shareholders | $ |  | 628,707 |  | $ |  | 924,472 |  | $ |  | 1,124,362 |
Basic and diluted earnings per share of Common Stock | $ |  | 3.04 |  | $ |  | 5.54 |  | $ |  | 7.08 |
Weighted average shares outstanding of Common Stock: Basic and diluted |  |  | 19,607,788 |  |  |  | 19,607,788 |  |  |  | 19,607,788 |
Basic and diluted earnings per share of Series N Non-Voting Common Stock | $ |  | 3.22 |  | $ |  | 4.62 |  | $ |  | 5.58 |
Weighted average shares outstanding of Series N Non-Voting Common Stock: Basic and diluted |  |  | 176,470,092 |  |  |  | 176,470,092 |  |  |  | 176,470,092 |
The accompanying notes are an integral part of these condensed financial statements. CONDENSED FINANCIAL INFORMATION OF U-Haul Holding Company (Parent Company Only) STATEMENTS OF comprehensive income
|  | Years Ended March 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
|  | (In thousands) |
Net earnings | $ |  | 628,707 |  | $ |  | 924,472 |  | $ |  | 1,124,362 |
Other comprehensive income (loss) |  |  | 62,183 |  |  |  | (288,339 | ) |  |  | (41,133 | )
Total comprehensive income | $ |  | 690,890 |  | $ |  | 636,133 |  | $ |  | 1,083,229 |
The accompanying notes are an integral part of these condensed financial statements. CONDENSED FINANCIAL INFORMATION OF U-Haul Holding Company (Parent Company Only) STATEMENTS OF CASH FLOW
|  | Years Ended March 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
|  | (In thousands) |
Cash flows from operating activities: |  |  |  |  |  |  |  |  |
Net earnings | $ |  | 628,707 |  | $ |  | 924,472 |  | $ |  | 1,124,362 |
Change in investments in subsidiaries |  |  | (160,302 | ) |  |  | (582,517 | ) |  |  | (1,012,917 | )
Adjustments to reconcile net earnings to cash provided by operations: |  |  |  |  |  |  |  |  |
Depreciation |  |  | 4 |  |  |  | 3 |  |  |  | 1 |
Amortization of debt issuance costs |  |  | 859 |  |  |  | 859 |  |  |  | 292 |
Deferred income taxes |  |  | 98,823 |  |  |  | 137,159 |  |  |  | 106,869 |
Net change in other operating assets and liabilities: |  |  |  |  |  |  |  |  |
Prepaid expenses |  |  | 8,888 |  |  |  | 6,120 |  |  |  | 234,490 |
Other assets |  |  | (10,753 | ) |  |  | (2,884 | ) |  |  | (4 | )
Related party assets |  |  | — |  |  |  | (120 | ) |  |  | (240 | )
Accounts payable and accrued expenses |  |  | 479 |  |  |  | (2,499 | ) |  |  | 5,461 |
Net cash provided by operating activities |  |  | 566,705 |  |  |  | 480,593 |  |  |  | 458,314 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |
Purchases of property, plant and equipment |  |  | (3 | ) |  |  | (1 | ) |  |  | (11 | )
Purchase of fixed maturities securities available-for-sale |  |  | (170,317 | ) |  |  | (224,999 | ) |  |  | — |
Purchase of investments, other |  |  | (1,000 | ) |  |  | — |  |  |  | — |
Proceeds from fixed maturities securities available-for-sale |  |  | 322,330 |  |  |  | — |  |  |  | — |
Net cash provided (used) by investing activities |  |  | 151,010 |  |  |  | (225,000 | ) |  |  | (11 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |
Borrowings from credit facilities |  |  | — |  |  |  | — |  |  |  | 1,200,000 |
Principal repayments on credit facilities |  |  | — |  |  |  | — |  |  |  | — |
Debt issuance costs |  |  | — |  |  |  | — |  |  |  | (8,468 | )
Proceeds from (repayments) of intercompany loans |  |  | (1,373,275 | ) |  |  | (637,585 | ) |  |  | (284,438 | )
Common stock dividends paid |  |  | — |  |  |  | (19,608 | ) |  |  | (29,412 | )
Non-Voting Common Stock dividends paid |  |  | (31,765 | ) |  |  | (14,117 | ) |  |  | — |
Net contribution from related party |  |  | — |  |  |  | — |  |  |  | — |
Net cash provided (used) by financing activities |  |  | (1,405,040 | ) |  |  | (671,310 | ) |  |  | 877,682 |
Effects of exchange rate on cash |  |  | (356 | ) |  |  | (6,940 | ) |  |  | (1,591 | )
Increase (decrease) in cash and cash equivalents |  |  | (687,681 | ) |  |  | (422,657 | ) |  |  | 1,334,394 |
Cash and cash equivalents at beginning of period |  |  | 1,662,790 |  |  |  | 2,085,447 |  |  |  | 751,053 |
Cash and cash equivalents at end of period | $ |  | 975,109 |  | $ |  | 1,662,790 |  | $ |  | 2,085,447 |
Income taxes paid (received) amounted to $68.6 million, $145.7 million and $(4.5) million for fiscal 2024, 2023 and 2022, respectively. The accompanying notes are an integral part of these condensed 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/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 205 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480922/205-10-S99-6 Reference 3: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481231/810-10-45-11 + Details
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