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Condensed Financial Information of AMERCO, Statements of Cash Flow (Table Text Block)
 12 Months Ended
Mar. 31, 2013
Table Text Block [Abstract]  
Condensed Financial Information of AMERCO, Statement of Cash Flow
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.