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Document and Entity Information - USD ($) | 12 Months Ended | ||
---|---|---|---|
Mar. 31, 2020 | May 22, 2020 | Sep. 30, 2019 | |
Document and Entity Information [Abstract] | |||
Entity Registrant Name | AMERCO | ||
Entity Central Index Key | 0000004457 | ||
Entity Current Reporting Status | Yes | ||
Entity Voluntary Filers | No | ||
Current Fiscal Year End Date | --03-31 | ||
Entity Filer Category | Large Accelerated Filer | ||
Entity Well-known Seasoned Issuer | Yes | ||
Entity Public Float | $ 3,494,102,743 | ||
Document Fiscal Year Focus | 2020 | ||
Document Type | 10-K | ||
Document Fiscal Period Focus | FY | ||
Document Period End Date | Mar. 31, 2020 | ||
Amendment Flag | false | ||
Entity Common Stock, Shares Outstanding | 19,607,788 | ||
Entity Small Business | false | ||
Entity Emerging Growth Company | false | ||
Entity Shell Company | false | ||
Entity File Number | 001-11255 | ||
Entity Tax Identification Number | 88-0106815 | ||
Entity Address Address Line 1 | 5555 Kietzke Lane | ||
Entity Address Address Line 2 | Ste. 100 | ||
Entity Address City Or Town | Reno | ||
Entity Address State Or Province | NV | ||
Entity Address Postal Zip Code | 89511 | ||
City Area Code | 775 | ||
Local Phone Number | 688-6300 | ||
Security 12b Title | Common stock, $0.25 par value | ||
Trading Symbol | UHAL | ||
Security Exchange Name | NASDAQ | ||
Entity Interactive Data Current | Yes | ||
Entity Incorporation State Country Code | NV | ||
Document Annual Report | true | ||
Document Transition Report | false |
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Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were removed , added and changed by Amerco.
Amerco's Definitive Proxy Statement (Form DEF 14A) filed after their 2020 10-K Annual Report includes:
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The various sections of this MD&A contain a number of forward-looking statements, as discussed under the caption, Cautionary Statements Regarding Forward-Looking Statements, all of which are based on our current expectations and could be affected by the uncertainties and risk factors described throughout this Annual Report and particularly under the section Item 1A: Risk Factors.
This change in threshold, results in the immediate recognition of reported operating costs with a lagging decrease in depreciation expense over the term that these assets would have been depreciated.
Even if we execute our plans, we could see declines in revenues primarily due to unforeseen events including adverse economic conditions or heightened competition that is beyond our control.
Operating expenses for Moving and Storage increased $179.6 million, largely from increased personnel, maintenance repairs, shipping costs associated with U-Box , building maintenance and property taxes.
Operating expenses for Moving and Storage increased $179.6 million, largely from increased personnel, maintenance repairs, shipping costs associated with U-Box , building maintenance and property taxes.
We have factored in an...Read more
Continued increases in claim costs,...Read more
Total costs and expenses increased...Read more
Total costs and expenses increased...Read more
Net investment and interest income...Read more
Assumptions include expected mortality and...Read more
Towards the end of March...Read more
The increase in 2019 compared...Read more
Management reviews each claim bi-annually...Read more
A summary of our consolidated...Read more
Total costs and expenses increased...Read more
Total costs and expenses increased...Read more
The decrease resulted from favorable...Read more
The decrease resulted from favorable...Read more
Purchases of property, plant and...Read more
Cash from the sales of...Read more
There was a one-time decrease...Read more
Net cash deposited in real...Read more
An increase of $ 64.6...Read more
Equity in the earnings of...Read more
This change in threshold benefited...Read more
Net cash used by investing...Read more
There was a one-time decrease...Read more
The increase of $6.2 million...Read more
Operating cash from the Moving...Read more
The increase in 2019 compared...Read more
Net investment income from fixed...Read more
Impairment of Investments Investments are...Read more
Net investment and interest income...Read more
Depreciation is computed for financial...Read more
Other revenue increased $21.0 million...Read more
Other revenue increased $35.3 million...Read more
Other revenue increased $21.4 million...Read more
Other revenue increased $35.6 million...Read more
The increase was the result...Read more
These reserves consist of case...Read more
Sales of self-moving and self-storage...Read more
Sales of self-moving and self-storage...Read more
In the third and fourth...Read more
In the third and fourth...Read more
In addition, there was an...Read more
Net investment and interest income...Read more
In determining the assumptions for...Read more
Fiscal 2021 Outlook We will...Read more
Life insurance premiums increased $64.5...Read more
Premiums on other lines of...Read more
Compared with fiscal 2018, we...Read more
Compared with fiscal 2018, we...Read more
The growth in revenues and...Read more
The growth in revenues and...Read more
(b) These estimated obligations are...Read more
Additionally, recognizing the changes in...Read more
An additional increase of $1.9...Read more
Life insurance premiums increased by...Read more
Equity in the earnings of...Read more
Property and casualty insurance premiums...Read more
AMERCO and Consolidated Subsidiaries Fiscal...Read more
AMERCO and Consolidated Subsidiaries Fiscal...Read more
Moving and Storage Fiscal 2020...Read more
Moving and Storage Fiscal 2019...Read more
For our box truck fleet...Read more
Disclosures about Contractual Obligations and...Read more
Self-storage revenues increased $51.5 million...Read more
Self-storage revenues increased $43.4 million...Read more
Self-storage revenues increased $51.5 million...Read more
Self-storage revenues increased $43.4 million...Read more
Operating expenses for Moving and...Read more
Operating expenses for Moving and...Read more
The increase in realized capital...Read more
Property and casualty insurance premiums...Read more
We assess the recoverability of...Read more
Life Insurance is pursuing its...Read more
We have not experienced any...Read more
The decrease was due to...Read more
The premium increase corresponded with...Read more
Liquidity and Capital Resources -...Read more
Conversely, DAC amortization associated with...Read more
The ultimate amount to settle...Read more
The accounting policies that we...Read more
We believe that our basic...Read more
Revenue for both our In-town...Read more
Revenue for both our In-town...Read more
These loans have not had...Read more
Liquidity and Capital Resources We...Read more
Income tax benefit (expense) was...Read more
Income tax benefit (expense) was...Read more
The premium growth corresponded with...Read more
The premium growth corresponded with...Read more
Our primary focus is to...Read more
Under the declining balances method...Read more
Capital and operating budgets allow...Read more
As a result, there was...Read more
Excluding the one-time benefits and...Read more
The growth in revenues and...Read more
The growth in revenues and...Read more
Depreciation expense associated with our...Read more
Depreciation expense associated with our...Read more
Depreciation expense associated with our...Read more
Depreciation expense associated with our...Read more
This was partially offset by...Read more
The Company expects to fund...Read more
As a result of the...Read more
As a result of the...Read more
Financial Statements, Disclosures and Schedules
Inside this 10-K Annual Report
Material Contracts, Statements, Certifications & more
Amerco provided additional information to their SEC Filing as exhibits
Ticker: UHAL
CIK: 4457
Form Type: 10-K Annual Report
Accession Number: 0000004457-20-000053
Submitted to the SEC: Wed May 27 2020 4:21:06 PM EST
Accepted by the SEC: Wed May 27 2020
Period: Tuesday, March 31, 2020
Industry: Auto Rental And Leasing No Drivers