U-Haul Holding Co Files 2024 10-K

TL;DR

U-Haul's 2024 10-K is in. Check out their financials and biz details.

AI Summary

U-Haul Holding Co /NV/ filed its 10-K for the fiscal year ending March 31, 2024. The company, formerly known as Amerco, is incorporated in Nevada and operates in the auto rental and leasing sector. Key subsidiaries include Repwest and Mercury. The filing covers financial data and disclosures related to various aspects of its business, including insurance and real estate holdings.

Why It Matters

This filing provides a comprehensive overview of U-Haul's financial performance and operational details for the past fiscal year, offering insights into its business health and future outlook.

Risk Assessment

Risk Level: medium — The filing is a standard annual report and does not indicate any immediate or unusual risks.

Key Numbers

• 20240331 — Fiscal Year End (The end date for the reporting period.)
• 20240530 — Filing Date (The date the 10-K was filed with the SEC.)

Key Players & Entities

• U-Haul Holding Co /NV/ (company) — Filer of the 10-K
• Amerco (company) — Former name of U-Haul Holding Co
• Repwest (company) — Subsidiary mentioned in the filing
• Mercury (company) — Subsidiary mentioned in the filing
• 7756886300 (phone_number) — Business phone number

FAQ

Key Financial Figures

• $0.25 — nge on which registered Common stock, $0.25 par value UHAL New York Stock Excha
• $0.001 — nge Series N Non-Voting Common Stock, $0.001 par value UHAL.B New York Stock Exc

Filing Documents

• uhal-20240331.htm (10-K) — 9177KB
• uhal-ex10_53.htm (EX-10.53) — 96KB
• uhal-ex10_54.htm (EX-10.54) — 97KB
• uhal-ex10_55.htm (EX-10.55) — 98KB
• uhal-ex10_56.htm (EX-10.56) — 109KB
• uhal-ex10_57.htm (EX-10.57) — 110KB
• uhal-ex10_58.htm (EX-10.58) — 103KB
• uhal-ex10_59.htm (EX-10.59) — 101KB
• uhal-ex10_60.htm (EX-10.60) — 99KB
• uhal-ex21.htm (EX-21) — 271KB
• uhal-ex23_1.htm (EX-23.1) — 3KB
• uhal-ex23_2.htm (EX-23.2) — 3KB
• uhal-ex31_1.htm (EX-31.1) — 14KB
• uhal-ex31_2.htm (EX-31.2) — 14KB
• uhal-ex32_1.htm (EX-32.1) — 7KB
• uhal-ex32_2.htm (EX-32.2) — 8KB
• uhal-ex97.htm (EX-97) — 52KB
• img153332624_0.jpg (GRAPHIC) — 4KB
• img153332624_1.jpg (GRAPHIC) — 449KB
• 0000950170-24-066736.txt ( ) — 34422KB
• uhal-20240331.xsd (EX-101.SCH) — 3284KB
• uhal-20240331_htm.xml (XML) — 7291KB

Business

Business 2 Item 1A.

Risk Factors

Risk Factors 7 Item 1B. Unresolved Staff Comments 14 Item 1C. Cybersecurity 14 Item 2.

Properties

Properties 15 Item 3.

Legal Proceedings

Legal Proceedings 15 Item 4. Mine Safety Disclosures 15 PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 15 Item 6. [Reserved] 17 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 18 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 44 Item 8. Consolidated Financial Statements and Supplementary Data 45 Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure 45 Item 9A.

Controls and Procedures

Controls and Procedures 45 Item 9B. Other Information 49 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 49 PART III Item 10. Directors, Executive Officers and Corporate Governance 49 Item 11.

Executive Compensation

Executive Compensation 49 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 49 Item 13. Certain Relationships and Related Transactions, and Director Independence 49 Item 14. Principal Accountant Fees and Services 49 PART IV Item 15. Exhibits; Financial Statement Schedules 49 Item 16. Form 10-K Summary 56 Cautionary Statement Regarding Forward-Looking Statements This Annual Report contains "forward-looking statements" regarding future events and our future results of operations. We may make additional written or oral forward-looking statements from time to time in filings with the SEC or otherwise. We believe such forward-looking statements are within the meaning of the safe-harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Such statements may include, but are not limited to: the risk associated with COVID-19 or similar events on system members or customers; the impact of the economic environment on demand for our products and the cost and availability of debt and capital; estimates of capital expenditures; plans for future operations, products or services, financing needs, and strategies; our perceptions of our legal positions and anticipated outcomes of government investigations and pending litigation against us; liquidity and the availability of financial resources to meet our needs, goals and strategies; plans for new business, storage occupancy, growth rate assumptions, pricing, costs, and access to capital and leasing markets; the impact of our compliance with environmental laws and cleanup costs; our beliefs regarding our sustainability practices; our used vehicle disposition strategy; the sources and availability of funds for our rental equipment and self-storage expansion and replacement strategies and plans; our plan to expand our U-Haul storage affiliate program; that a

Busi ness

Item 1. Busi ness Company Overview We are North America's largest "do-it-yourself" moving and storage operator through our subsidiary U-Haul International, Inc. ("U-Haul"). U-Haul is synonymous with "do-it-yourself" moving and storage and is a leader in supplying products and services to help people move and store their household and commercial goods. Our primary service objective is to "provide a better and better product and service to more and more people at a lower and lower cost." Unless the context otherwise requires, the terms "U-Haul Holding Company," "Company," "we," "us," or "our" refer to U-Haul Holding Company, a Nevada corporation, and all of its legal subsidiaries, on a consolidated basis. We were founded in 1945 as a sole proprietorship under the name "U-Haul Trailer Rental Company" and have rented trailers ever since. Starting in 1959, we rented trucks on a one-way and in-town basis exclusively through independent U-Haul dealers. In 1973, we began developing our network of U-Haul managed retail stores, through which we rent our trucks and trailers, self-storage units and portable moving and storage units and sell moving and self-storage products and services to complement our independent dealer network. We rent our distinctive orange and white U-Haul trucks and trailers, and orange door self-storage units, through a network of over 2,300 Company-operated retail moving stores and over 21,000 independent U-Haul dealers. We also sell U-Haul brand boxes, tape and other moving and self-storage products and services to "do-it-yourself" moving and storage customers at all of our distribution outlets and through our uhaul.com website and mobile app. We believe U-Haul is the most convenient supplier of products and services addressing the needs of the United States and Canada's "do-it-yourself" moving and storage markets. Our broad geographic coverage throughout the United States and Canada and our extensive selection of U-Haul brand moving equipmen

View Full Filing

View this 10-K filing on SEC EDGAR