Amerco (UHAL) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
5555 KIETZKE LANE STE 100 RENO, NV 89511 |
| State of Incorp. | NV |
| Fiscal Year End | March 31 |
| Industry (SIC) | 751 - Automotive Rental And Leasing, Without Drivers (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 12/31/2023 MRQ | 3/31/2023 | 12/31/2022 MRQ | 3/31/2022 | 3/31/2021 | 3/31/2020 | 3/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 2,076 | 2,570 | 2,735 | 1,201 | 501 | 679 | |||
| Cash and cash equivalents | 2,061 | 2,511 | 2,704 | 1,194 | 494 | 674 | |||
| Short-term investments | 16 | 60 | 31 | 7 | 7 | 6 | |||
| Inventory, net of allowances, customer advances and progress billings | 151 | 150 | 159 | 106 | 101 | 104 | |||
| Inventory | 151 | 150 | 159 | 106 | 101 | 104 | |||
| Prepaid expense | 242 | 228 | 237 | 469 | 563 | 174 | |||
| Deposits current assets | 59 | 74 | 93 | 107 | |||||
| Total current assets: | 2,529 | 2,949 | 3,205 | 1,868 | 1,272 | 957 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 505 | ✕ | |||||||
| Operating lease, right-of-use asset | 475 | 64 | 621 | 877 | 1,080 | ✕ | |||
| Inventory, real estate | 72 | 68 | 69 | 70 | 54 | ||||
| Nontrade receivables | 30 | 25 | |||||||
| Property, plant and equipment | 11,350 | 10,916 | 9,626 | 8,331 | 7,843 | 7,934 | |||
| Long-term investments and receivables | 109 | 104 | 121 | 99 | 98 | 75 | |||
| Long-term investments | 109 | 104 | 121 | 99 | 98 | 75 | |||
| Total noncurrent assets: | 12,006 | 11,618 | 10,435 | 9,400 | 9,091 | 8,062 | |||
| Other undisclosed assets | 3,590 | 3,550 | 3,659 | 3,383 | 3,075 | 2,872 | |||
| TOTAL ASSETS: | 18,125 | 18,116 | 17,300 | 14,652 | 13,438 | 11,892 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 2 | 1 | 1 | 1 | 1 | ||||
| Employee-related liabilities | ✕ | ✕ | ✕ | 1 | 1 | 1 | 1 | ||
| Accrued liabilities | 2 | ||||||||
| Debt | 106 | ||||||||
| Total current liabilities: | 2 | 1 | 1 | 108 | 1 | ||||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 1,383 | 1,314 | 1,225 | 1,136 | 40 | ||||
| Accounts payable and accrued liabilities | 22 | 20 | 18 | 16 | 16 | ||||
| Deferred income tax liabilities | 1,334 | 1,265 | 1,178 | 1,094 | ✕ | ||||
| Liability, pension and other postretirement and postemployment benefits | 27 | 29 | 29 | 26 | 25 | ||||
| Total noncurrent liabilities: | 1,383 | 1,314 | 1,225 | 1,136 | 40 | ||||
| Other undisclosed liabilities | 10,212 | 11,703 | 10,099 | 8,573 | 7,974 | 8,158 | |||
| Total liabilities: | 11,596 | 11,703 | 11,414 | 9,800 | 9,217 | 8,199 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 6,528 | 6,413 | 5,885 | 4,852 | 4,221 | 3,692 | |||
| Common stock | 0 | ||||||||
| Additional paid in capital | 454 | 454 | 454 | 454 | 454 | 453 | |||
| Accumulated other comprehensive income (loss) | (267) | (284) | 46 | 107 | 35 | (67) | |||
| Retained earnings | 7,009 | 6,911 | 6,052 | 4,958 | 4,399 | 3,977 | |||
| Unearned esop shares | (4) | ||||||||
| Other undisclosed equity, attributable to parent | (667) | (667) | (667) | (667) | (667) | (667) | |||
| Total equity: | 6,528 | 6,413 | 5,885 | 4,852 | 4,221 | 3,692 | |||
| TOTAL LIABILITIES AND EQUITY: | 18,125 | 18,116 | 17,300 | 14,652 | 13,438 | 11,892 | |||
Income Statement (P&L) ($ in millions)
| 12/31/2023 TTM | 3/31/2023 | 12/31/2022 TTM | 3/31/2022 | 3/31/2021 | 3/31/2020 | 3/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 5,865 | 6,934 | 5,740 | 4,542 | 3,979 | 3,769 | ||
| Operating leases, income statement, lease revenue | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 2,653 | |
| Operating lease, lease income | 1,162 | ✕ | ||||||
| Cost of revenue | (1,396) | (1,437) | (1,418) | (1,393) | (1,322) | (1,167) | ||
| Cost of goods and services sold | (263) | (207) | (260) | (214) | (164) | (162) | ||
| Gross profit: | 4,469 | 5,497 | 4,322 | 3,149 | 2,657 | 2,602 | ||
| Operating expenses | (3,025) | (3,348) | (2,677) | (2,188) | (2,117) | (1,981) | ||
| Operating income: | 1,444 | 2,149 | 1,645 | 961 | 540 | 621 | ||
| Interest and debt expense | (224) | (211) | (167) | (164) | (4) | (142) | ||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (2) | (3) | (2) | (1) | (158) | (1) | ||
| Income from continuing operations before equity method investments, income taxes: | 1,218 | 1,934 | 1,475 | 797 | 378 | 478 | ||
| Other undisclosed loss from continuing operations before income taxes | ||||||||
| Income from continuing operations before income taxes: | 1,218 | 1,934 | 1,475 | 797 | 378 | 478 | ||
| Income tax expense (benefit) | (295) | (463) | (352) | (186) | 64 | (107) | ||
| Income from continuing operations: | 923 | 1,471 | 1,123 | 611 | 442 | 371 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | 1,272 | 1,123 | 611 | 442 | 371 | |
| Net income available to common stockholders, diluted: | 923 | 1,471 | 1,123 | 611 | 442 | 371 | ||
Comprehensive Income ($ in millions)
| 12/31/2023 TTM | 3/31/2023 | 12/31/2022 TTM | 3/31/2022 | 3/31/2021 | 3/31/2020 | 3/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 923 | 1,471 | 1,123 | 611 | 442 | 371 | ||
| Other comprehensive income (loss) | (313) | (442) | (60) | 72 | 101 | 309 | ||
| Comprehensive income: | 610 | 1,029 | 1,063 | 683 | 543 | 680 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (2) | (2) | ||||||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 2 | 2 | (371) | |||||
| Comprehensive income, net of tax, attributable to parent: | 610 | 1,029 | 1,063 | 683 | 543 | 309 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.