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Amerco (UHAL) filed Quarterly Report for the period ended 2011-09-30.
Amerco has a market cap of $1.38 billion; its shares were traded at around $70.34 with a P/E ratio of 7.4 and P/S ratio of 0.7. Amerco had an annual average earning growth of 0.9% over the past 5 years.
This is the annual revenues and earnings per share of UHAL over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of UHAL.
Highlight of Business Operations:
Total costs and expenses increased $51.8 million during the first six months of fiscal 2012, compared with the first six months of fiscal 2011. Operating expenses increased $42.6 million due largely to spending on rental equipment maintenance and personnel. Cost of sales and commission expenses increased in relation to the associated revenues. Depreciation expense, before gains on the disposal of equipment increased $4.0 million while lease expense decreased $9.7 million. Over the last several years the Company has decreased its use of leases for funding new equipment acquisitions and increased its use of term loans and securitizations, which is the primary cause of the decrease in lease expense and increase in depreciation.Net cash used in investing activities increased $131.9 million in the first six months of fiscal 2012, compared with fiscal 2011. Purchases of property, plant and equipment, which are reported net of cash from leases, increased $74.1 million. Cash from the sales of property, plant and equipment decreased $11.9 million largely due to a decline in the number of units sold. Cash used for investing activities at the insurance companies increased $33.5 million primarily due to investment in their fixed maturity portfolios.
Stockholder s equity was $157.3 million and $154.6 million at June 30, 2011 and December 31, 2010, respectively. The increase resulted from earnings of $2.7 million. Property and Casualty Insurance does not use debt or equity issues to increase capital and therefore has no direct exposure to capital market conditions other than through its investment portfolio.
Life Insurance s stockholder s equity was $197.1 million and $188.7 million at June 30, 2011 and December 31, 2010, respectively. The increase resulted from earnings of $5.1 million and an increase in other comprehensive income of $3.3 million. Life Insurance does not use debt or equity issues to increase capital and therefore has no direct exposure to capital market conditions other than through its investment portfolio.
These agreements along with notes with subsidiaries of SAC Holdings, 4 SAC, 5 SAC, Galaxy and Private Mini, excluding Dealer Agreements, provided revenues of $21.1 million, expenses of $1.1 million and cash flows of $23.9 million during the first six months of fiscal 2012. Revenues and commission expenses related to the Dealer Agreements were $108.1 million and $22.8 million, respectively during the first six months of fiscal 2012.
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