AMERCO UHAL Cash Flow

Amerco (UHAL)

CashFlow / TTM

Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10
Cash flow from operating activities:
Net earnings
320,511	368,214	375,430	370,857	380,869	831,128	792,225	790,583	789,288	325,622	377,458	398,424	441,444	457,985	464,889	489,001	445,913	430,684	403,552	356,741	386,472	372,153	353,897	342,391	341,053	325,678	297,107	264,708	252,240	216,122	207,713	205,367	193,208	211,088	195,296	183,575	0	0	0
Adjustments to reconcile net earnings to cash provided by operations:
Depreciation
644,126	620,472	595,581	581,025	575,921	572,947	566,368	555,069	538,137	517,482	498,922	481,520	456,014	430,071	406,448	389,393	380,487	373,044	365,752	352,796	338,772	324,268	308,180	293,169	282,403	273,883	265,850	260,492	255,124	247,867	239,362	229,789	220,821	216,318	213,415	212,324	0	0	0
Amortization of deferred policy acquisition costs
30,597	29,205	28,589	28,556	24,881	24,179	24,224	24,514	25,304	24,552	24,597	26,218	26,844	26,782	26,436	23,272	22,024	21,608	20,255	19,661	18,981	18,716	20,483	19,982	22,283	21,217	18,248	17,376	12,365	12,640	12,227	13,791	13,661	12,475	11,676	9,494	0	0	0
Accretion Amortization Of Discounts And Premiums Investments
13,153	13,131	13,163	13,107	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of debt issuance costs
4,276	4,010	3,992	3,923	3,880	3,935	3,920	3,868	3,847	4,243	4,033	4,062	4,225	3,672	3,637	3,419	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Credited To Policy Owner Account
45,016	44,245	41,545	35,387	37,592	34,909	32,711	32,302	30,080	29,111	27,612	25,020	24,811	21,009	20,040	20,465	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in allowance for losses on trade receivables
-148	-370	-148	52	29	191	-56	-120	-43	-82	-93	-46	-51	-162	-123	-205	-138	42	-251	-168	-260	-249	0	-36	-49	-137	-46	-134	-192	-195	-445	-208	-87	36	191	28	0	0	0
Change in allowance for inventory reserves
-2,770	-757	-1,918	-146	3,270	3,260	6,090	5,065	3,767	3,483	1,223	1,330	2,493	60	126	-1,343	-2,067	-515	640	-872	-3,513	-805	46	871	2,723	144	-497	1,133	427	1,079	700	1,382	1,060	494	209	-674	0	0	0
Net gain on sale of real and personal property
30,381	33,328	27,365	26,982	26,689	30,127	23,029	11,822	16,357	14,263	18,943	32,495	40,767	47,611	70,814	98,158	112,476	108,936	97,656	74,631	60,664	57,181	44,951	33,557	30,454	30,324	26,545	22,496	0	0	0	-	-	-	-	-	-	-	-
Gain Loss Disposal Of Assets
-1,277	-1,805	-1,578	44	3,201	195,243	195,067	195,414	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	60,348	57,994	21,736	23,058	0	0	0
Net (gain) loss on sale of investments
7,846	10,313	7,436	2,663	5,613	3,155	3,778	6,269	5,586	3,698	4,863	5,284	4,660	6,114	5,444	4,491	4,450	4,159	4,504	3,925	3,577	5,139	5,509	6,411	13,361	12,621	10,138	8,323	1,175	461	9,056	5,579	8,135	7,344	-1,366	1,135	0	0	0
Realized Investment Gains Losses
-2,299	1,842	2,348	5,739	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income tax
90,291	102,034	99,000	106,811	89,938	-168,014	-167,884	-193,434	-118,383	121,453	162,403	173,112	99,124	225,540	141,942	138,075	156,414	80,547	82,959	76,500	69,823	5,636	26,950	46,371	43,794	52,539	40,705	13,518	27,536	40,157	76,555	104,360	115,851	112,936	88,114	80,898	0	0	0
Net change in other operating assets and liabilities:
Reinsurance recoverables and trade receivables
8,207	14,441	35,037	31,365	-13,931	13,887	21,002	15,329	6,630	10,683	-2,378	2,890	17,722	6,955	-19,976	-14,765	-16,305	-9,854	9,000	-9,632	-31,046	-51,341	-84,504	-62,506	2,032	-27,467	-37,093	-36,322	151,133	65,652	137,747	77,115	-117,146	-21,950	-27,767	-5,966	0	0	0
Inventories
4,045	8,532	4,212	13,492	3,832	-4,305	7,572	12,384	19,581	22,434	11,663	4,072	7,023	9,576	13,260	9,009	3,413	2,426	1,158	1,579	1,046	7,005	11,083	11,495	11,992	2,915	5,165	-1,206	-696	1,625	-4,832	173	2,551	-2,592	-3,541	-6,431	0	0	0
Prepaid expenses
12,489	12,819	6,341	8,620	31,078	99,960	103,552	40,765	92,412	-4,624	-14,346	-9,386	-126,255	35,903	27,134	10,338	83,830	7,919	14,464	65,720	49,828	-13,875	6,544	-2,186	-10,805	13,686	1,222	15,587	-5,131	-24,872	-16,631	-15,748	-11,362	-517	-763	-4,244	0	0	0
Capitalization of deferred policy acquisition costs
23,493	23,401	25,239	25,957	25,843	25,122	24,930	27,350	27,572	27,905	28,087	27,111	28,827	31,314	32,705	32,590	31,729	28,992	27,646	27,084	27,641	30,050	31,378	32,611	32,683	42,440	63,868	50,640	85,323	56,665	22,264	23,166	-23,727	-26,872	-26,094	-25,239	0	0	0
Other assets
2,266	-99,538	-161,250	-157,152	13,122	97,385	164,206	165,968	-4,454	4,237	1,619	2,488	2,763	9,228	-3,501	-16,261	-59,973	-24,628	-16,131	51	41,925	-4,152	-5,385	-7,667	-6,773	2,584	-37,542	-21,556	-32,327	-47,735	3,940	-5,992	-7,901	49,922	40,110	28,715	0	0	0
Related party assets
11,475	7,006	-625	-4,194	-3,766	-50,631	-47,777	-53,408	-53,616	-4,106	-4,095	-343	-1,372	-4,072	-55,062	-56,644	-56,739	-83,303	-25,283	-27,706	-22,694	-1,074	9,235	-7,554	288	-83	-303,440	-133,672	-120,023	-133,673	162,298	14,210	-6,580	-1,153	-7,976	-87	0	0	0
Accounts payable and accrued expenses
76,248	13,106	13,549	10,263	-77,975	-48,786	-12,254	-36,980	-19,557	8,840	-10,943	-15,548	30,762	22,949	40,414	37,312	140,006	121,992	58,870	98,877	35,331	47,909	112,207	36,365	38,132	19,486	106,175	40,032	26,025	76,208	-46,046	19,469	-34,662	-43,976	-33,981	-12,547	0	0	0
Policy benefits and losses, claims and loss expenses payable
-72,861	-175,637	-239,093	-236,120	-931	99,290	161,665	161,121	5,302	10,513	18,752	15,378	9,493	14,846	-670	9,626	12,942	-2,001	3,926	-17,621	-29,746	-34,723	-41,983	-30,496	-18,589	-12,756	-53,111	-30,478	403,901	230,774	232,055	212,330	-415,910	-184,643	-115,057	-109,334	0	0	0
Other policyholders' funds and liabilities
17	-2,431	-90	5,007	2,168	-7,112	-4,376	-109	2,471	10,241	5,340	1,499	-171	-1,470	-4,807	-349	-2,302	2,516	3,861	988	3,384	1,293	2,638	631	923	-3,615	-2,043	21	-5,716	-470	1,510	-1,458	1,963	4,107	-1,550	-566	0	0	0
Deferred income
3,631	3,167	1,761	966	1,839	1,740	4,863	5,524	3,519	4,547	5,587	5,921	4,857	7,452	5,142	4,757	4,556	-12,804	-12,522	-13,181	-14,801	1,030	1,358	1,259	1,720	1,550	12,729	-1,312	1,733	8,254	-10,418	4,367	-3,940	-8,924	-366	-1,967	0	0	0
Related party liabilities
1,648	2,634	-1,449	-2,067	657	-230	2,390	-616	-4,893	-4,956	-4,375	-1,062	-449	-287	-1,273	-616	-1,766	-1,338	-1,306	-866	-1,505	630	646	4,730	5,333	4,524	7,874	464	4,397	727	-1,649	44	-3,433	-1,210	-795	-249	0	0	0
Net cash provided by operating activities
1,049,869	1,010,670	986,839	975,583	977,358	957,743	931,018	937,684	967,163	988,978	1,074,745	1,059,455	1,122,339	1,065,273	1,030,838	1,045,346	1,091,247	1,013,020	840,845	759,099	694,887	729,815	788,501	733,966	646,494	605,493	547,922	661,530	748,479	789,929	869,304	669,842	606,084	634,539	552,431	572,863	0	0	0
Cash flow from investing activities:
Escrow deposits
-14,744	-8,510	-10,826	-4,299	-8,363	-5,665	-3,798	-31,362	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments To Acquire Investments [Abstract]
Property, plant and equipment
2,462,465	2,344,795	2,169,069	1,869,968	1,718,638	1,724,237	1,431,633	1,363,745	1,408,661	1,412,280	1,462,477	1,419,505	1,438,640	1,550,166	1,493,869	1,509,154	1,368,314	1,162,845	1,150,515	1,041,931	1,035,397	1,141,923	1,069,075	1,000,243	923,437	832,669	773,354	655,984	590,896	522,454	531,806	589,799	564,651	554,509	557,295	480,418	0	0	0
Short term investments
62,011	52,093	48,347	54,048	54,307	51,126	61,455	63,556	118,219	260,687	375,300	635,847	690,587	676,742	719,420	515,899	479,044	409,167	301,603	290,379	269,945	246,281	268,331	270,690	325,628	415,354	415,895	411,638	412,082	303,402	285,654	291,622	257,628	290,188	275,302	260,766	0	0	0
Fixed maturity investments
413,688	478,699	513,439	540,045	510,883	411,252	370,931	390,900	367,533	405,904	311,543	355,101	342,174	397,905	518,563	398,987	351,211	270,158	192,017	214,371	226,746	221,943	284,995	282,424	372,474	437,914	459,564	443,262	0	0	0	-	-	-	-	-	-	-	-
Equity securities
83	83	911	957	957	957	708	662	0	0	0	-	-	-	-	1,315	1,315	1,367	1,445	3,759	4,933	4,881	4,455	1,562	13,547	16,651	16,677	16,289	3,130	18	289	9,048	0	0	0	-	-	-	-
Payments To Acquire Investments
0	0	0	-	81	81	1,081	1,000	0	0	0	-	-	-	-	1,005	2,006	2,006	2,006	2,006	10	8	8	640	4,170	5,731	6,930	6,296	0	0	0	-	-	-	-	-	-	-	-
Real estate
614	785	883	635	661	2,039	1,514	1,939	18,727	17,137	29,817	32,807	31,299	31,224	18,931	15,459	26,970	26,986	34,087	38,275	11,429	11,592	4,612	532	451	533	1,204	1,073	3,681	3,475	7,817	7,829	5,249	3,555	71	193	0	0	0
Mortgage loans
49,804	59,139	64,759	63,611	59,692	56,822	67,387	83,507	75,708	68,445	116,120	154,310	146,964	137,525	66,937	87,204	81,991	84,979	97,577	19,807	41,152	59,348	47,690	52,419	78,760	44,143	76,057	80,711	83,635	112,379	105,413	127,163	111,677	102,862	74,709	38,558	0	0	0
Proceeds from sale of:
Property, plant and equipment
644,220	577,812	579,479	606,271	670,611	870,263	745,006	699,803	665,623	436,516	482,622	487,475	488,546	470,467	492,319	539,256	553,551	530,168	476,773	411,629	377,655	354,259	305,803	270,053	267,873	264,555	251,512	220,699	195,964	191,220	176,328	168,912	170,912	168,543	188,196	180,411	0	0	0
Short term investments
65,884	58,751	52,603	66,037	60,483	53,431	63,567	67,790	143,090	308,145	401,024	655,726	694,291	671,054	719,189	528,180	468,117	401,191	313,584	287,883	277,821	236,798	266,865	269,052	348,471	425,523	422,917	417,520	394,842	301,410	280,437	300,893	290,982	292,812	312,663	317,213	0	0	0
Fixed maturity investments
233,971	186,583	147,164	123,551	143,841	157,328	141,555	163,469	144,413	139,509	169,855	189,242	166,042	185,976	180,142	154,536	168,222	147,997	112,583	107,867	89,628	94,306	122,534	138,401	199,819	201,270	178,319	160,806	0	0	0	-	-	-	-	-	-	-	-
Equity securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,044	808	860	1,872	3,082	5,264	25,366	30,244	29,139	27,329	7,175	1,276	372	12	12	1,422	10,222	10,210	11,275	9,865	1,198	0	0	0
Preferred stock
-	0	1,125	-	-	4,345	4,708	4,208	4,018	2,518	2,181	4,181	4,477	3,777	3,126	1,126	400	1,427	1,427	2,427	2,027	1,000	3,709	6,004	7,534	11,809	9,550	7,258	0	0	0	-	-	-	-	-	-	-	-
Real estate
0	0	0	-	-	-	-	2,783	12,420	10,586	10,586	8,753	23,270	22,420	22,420	21,589	0	0	0	-	-	-	-	-	-	-	-	671	965	921	410	440	1,881	1,351	371	1,925	0	0	0
Mortgage loans
39,989	139,124	140,013	147,737	130,664	40,918	40,938	37,590	21,298	10,685	18,871	106,832	102,087	102,804	106,677	26,968	14,843	25,166	16,131	13,894	36,644	30,894	40,603	48,686	91,733	119,429	104,319	95,714	63,172	37,818	48,395	54,840	47,242	43,457	32,427	15,156	0	0	0
Net cash used by investing activities
-1,989,280	-1,955,314	-1,857,198	-1,571,136	-1,322,569	-1,114,445	-935,018	-898,304	-1,017,231	-1,269,155	-1,225,660	-1,183,908	-1,176,330	-1,341,677	-1,298,311	-1,259,682	-1,076,821	-822,615	-828,395	-755,261	-799,633	-942,408	-908,864	-846,631	-775,708	-723,153	-781,121	-712,213	-694,317	-589,690	-532,977	-582,137	-512,425	-505,804	-448,891	-373,970	0	0	0
Cash flow from financing activities:
Borrowings from credit facilities
1,072,041	1,242,757	1,127,370	897,311	765,334	526,231	446,738	498,464	634,879	696,370	794,654	742,625	863,704	708,024	853,104	837,972	655,737	612,478	538,589	657,535	618,064	799,780	549,999	431,029	342,266	319,740	332,541	270,546	254,537	148,335	205,409	237,780	249,737	365,598	288,463	321,862	0	0	0
Principal repayments on credit facilities
269,957	260,427	287,082	299,748	308,362	325,052	365,402	356,451	426,511	423,719	384,337	367,844	392,644	398,924	393,932	428,403	607,354	573,579	624,055	593,722	321,187	378,224	283,536	293,068	261,812	209,406	258,811	257,957	269,971	274,282	220,778	201,888	206,613	178,564	224,455	288,882	0	0	0
Payment of debt issuance costs
5,817	8,124	5,828	7,243	5,627	3,118	4,797	5,111	5,107	6,383	6,566	5,055	8,756	6,312	10,407	10,184	8,587	8,437	9,905	12,327	10,287	13,557	6,133	3,943	3,224	1,446	2,455	2,223	2,568	1,698	1,444	2,004	1,788	3,214	2,458	1,987	0	0	0
Capital lease payments
313,936	336,420	313,503	303,431	313,423	293,974	324,215	296,363	290,418	279,433	231,662	212,545	200,209	174,289	172,092	168,661	165,926	158,294	137,169	121,202	81,077	72,348	60,637	53,079	46,047	38,419	33,438	26,877	20,676	14,706	10,489	8,328	7,632	6,658	6,298	11,522	0	0	0
Origination Repayment Of Loans To By Employee Stock Ownership Plan
421	487	492	418	5,079	7,817	15,213	11,640	10,329	10,413	6,197	11,106	18,402	15,439	12,083	9,302	6,564	6,579	6,464	7,939	-367	-177	167	207	523	636	657	692	716	744	866	984	1,118	1,136	1,157	1,172	0	0	0
Securitization cost
-	-	0	-	-	-	-	2,180	2,106	-15	-402	-446	-467	-491	-637	-544	0	0	0	-	-	-	-	-	-	-	-	-1,195	141	-1,931	-13,227	-42,088	0	0	0	-	-	-	0
Preferred stock redemption paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	144,289	0	0	0	-	-	-	0
Preferred stock dividends paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,913	5,989	9,068	12,333	12,412	0	0	0
Common stock dividend paid
29,394	29,394	39,180	39,179	39,178	39,178	39,175	29,380	39,173	58,758	39,171	58,757	39,171	78,366	97,960	78,374	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contribution to related party
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-518	0	0	0	-	-	-	0
Investment contract deposits
270,668	326,361	385,295	400,123	355,039	348,670	322,720	401,814	452,289	387,734	366,428	285,148	305,879	348,183	398,626	358,237	242,952	173,668	100,895	105,019	102,774	115,041	120,873	117,723	143,179	206,049	307,478	301,729	271,522	177,559	40,259	13,854	13,887	11,933	11,150	11,580	0	0	0
Investment contract withdrawals
146,140	139,782	131,124	132,833	128,691	156,515	167,107	182,549	248,199	196,866	189,313	149,159	136,158	136,538	113,793	112,957	56,713	56,007	55,772	54,108	48,882	44,031	39,474	34,677	33,412	31,347	30,688	31,901	29,545	27,883	27,799	28,027	30,218	32,558	34,058	34,548	0	0	0
Net cash provided by (used in) financing activities
577,044	816,084	735,456	514,582	320,014	47,253	-148,680	16,604	65,325	108,547	304,238	223,753	377,828	249,798	454,876	388,872	-46,725	-58,360	-216,425	-46,338	239,056	386,502	261,277	144,210	144,397	151,310	219,966	157,783	86,969	-9,484	-20,069	-112,745	-53,420	-3,805	-141,717	-60,768	0	0	0
Effects of exchange rate on cash
9,933	1,351	4,323	-4,716	-13,305	-6,462	-3,101	5,598	23,445	18,654	6,681	-2,140	-14,279	-13,714	-16,777	-15,740	-22,097	-19,544	-13,048	-10,762	-6,902	-4,339	-916	-177	308	105	-495	-536	-350	-145	-714	-294	-214	451	834	271	0	0	0
Increase (decrease) in cash and cash equivalents
-352,434	-127,209	-130,580	-85,687	-38,502	-115,911	-155,781	61,582	38,702	-152,976	160,004	97,160	309,558	-40,320	170,626	158,796	-54,396	112,501	-217,023	-53,262	127,408	169,570	139,998	31,368	15,491	33,755	-13,728	106,564	140,781	190,610	315,544	-25,334	40,025	125,381	-37,343	138,396	0	0	0