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Income Statement

Earnings Waterfall
Amerco

Revenue
5.6B USD
Cost of Revenue
-3.6B USD
Gross Profit
2B USD
Operating Expenses
-1.3B USD
Operating Income
775.2m USD
Other Expenses
-294.7m USD
Net Income
480.6m USD

Income Statement
Amerco

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Income Statement
Currency: USD
Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024
Revenue
Revenue
2 981
N/A
3 043
+2%
3 075
+1%
3 140
+2%
3 197
+2%
3 235
+1%
3 276
+1%
3 314
+1%
3 350
+1%
3 395
+1%
3 422
+1%
3 457
+1%
3 501
+1%
3 553
+1%
3 601
+1%
3 663
+2%
3 725
+2%
3 801
+2%
3 769
-1%
3 828
+2%
3 874
+1%
3 883
+0%
3 979
+2%
3 887
-2%
4 062
+4%
4 304
+6%
4 542
+6%
5 028
+11%
5 367
+7%
5 601
+4%
5 740
+2%
5 865
+2%
5 903
+1%
5 874
0%
5 865
0%
5 807
-1%
5 754
-1%
5 718
-1%
5 626
-2%
5 634
+0%
5 642
+0%
Gross Profit
Cost of Revenue
(1 680)
(1 700)
(1 784)
(1 786)
(1 813)
(1 830)
(1 783)
(1 810)
(1 807)
(1 847)
(1 902)
(1 939)
(2 035)
(2 085)
(2 153)
(2 236)
(2 275)
(2 314)
(2 244)
(2 281)
(2 315)
(2 355)
(2 456)
(2 409)
(2 434)
(2 470)
(2 581)
(2 728)
(2 855)
(2 986)
(3 123)
(3 244)
(3 360)
(3 427)
(3 453)
(3 478)
(3 498)
(3 533)
(3 535)
(3 556)
(3 609)
Gross Profit
1 302
N/A
1 342
+3%
1 290
-4%
1 354
+5%
1 384
+2%
1 405
+2%
1 493
+6%
1 504
+1%
1 543
+3%
1 549
+0%
1 519
-2%
1 518
0%
1 465
-3%
1 468
+0%
1 448
-1%
1 427
-1%
1 450
+2%
1 487
+3%
1 525
+3%
1 547
+1%
1 559
+1%
1 528
-2%
1 523
0%
1 478
-3%
1 628
+10%
1 834
+13%
1 961
+7%
2 300
+17%
2 512
+9%
2 616
+4%
2 617
+0%
2 621
+0%
2 543
-3%
2 447
-4%
2 412
-1%
2 330
-3%
2 256
-3%
2 185
-3%
2 091
-4%
2 078
-1%
2 033
-2%
Operating Income
Operating Expenses
(619)
(632)
(627)
(623)
(614)
(610)
(626)
(669)
(712)
(746)
(780)
(808)
(834)
(855)
(878)
(882)
(883)
(894)
(904)
(919)
(937)
(963)
(984)
(997)
(996)
(998)
(996)
(999)
(1 028)
(999)
(976)
(972)
(952)
(952)
(962)
(975)
(999)
(1 049)
(1 105)
(1 184)
(1 258)
Selling, General & Administrative
(333)
(335)
(329)
(331)
(328)
(320)
(312)
(307)
(304)
(305)
(305)
(303)
(306)
(308)
(311)
(314)
(316)
(320)
(322)
(322)
(321)
(319)
(315)
(303)
(317)
(338)
(358)
(403)
(432)
(450)
(460)
(465)
(462)
(454)
(447)
(436)
(423)
(416)
(417)
(420)
(424)
Depreciation & Amortization
(267)
(278)
(278)
(268)
(264)
(268)
(291)
(335)
(382)
(415)
(449)
(480)
(503)
(522)
(543)
(543)
(543)
(549)
(554)
(568)
(587)
(614)
(637)
(662)
(648)
(631)
(610)
(566)
(564)
(515)
(483)
(475)
(456)
(467)
(487)
(511)
(548)
(607)
(664)
(743)
(816)
Other Operating Expenses
(19)
(19)
(20)
(24)
(22)
(22)
(23)
(26)
(27)
(27)
(26)
(25)
(25)
(25)
(25)
(24)
(24)
(25)
(29)
(29)
(29)
(31)
(31)
(32)
(31)
(30)
(28)
(30)
(32)
(33)
(34)
(33)
(33)
(32)
(28)
(28)
(28)
(25)
(24)
(21)
(18)
Operating Income
683
N/A
710
+4%
663
-7%
731
+10%
770
+5%
795
+3%
867
+9%
835
-4%
831
0%
803
-3%
740
-8%
710
-4%
632
-11%
613
-3%
570
-7%
545
-4%
566
+4%
594
+5%
621
+5%
628
+1%
622
-1%
565
-9%
539
-5%
481
-11%
632
+31%
836
+32%
964
+15%
1 300
+35%
1 484
+14%
1 617
+9%
1 641
+1%
1 649
+0%
1 592
-3%
1 495
-6%
1 450
-3%
1 355
-7%
1 257
-7%
1 136
-10%
986
-13%
894
-9%
775
-13%
Pre-Tax Income
Interest Income Expense
(95)
(97)
(98)
(96)
(95)
(94)
(98)
(102)
(106)
(109)
(113)
(117)
(121)
(124)
(127)
(132)
(135)
(138)
(142)
(146)
(150)
(155)
(161)
(162)
(163)
(165)
(164)
(163)
(162)
(164)
(167)
(178)
(196)
(211)
(224)
(235)
(241)
(250)
(136)
(124)
(116)
Non-Reccuring Items
(4)
(4)
(4)
0
0
0
0
0
0
2
3
3
3
194
195
196
196
3
0
2
2
1
1
(1)
(4)
(5)
(3)
1
4
3
3
(4)
(6)
(5)
(7)
(5)
(4)
(6)
(8)
(10)
(12)
Total Other Income
0
0
0
0
0
0
0
0
0
0
(1)
(1)
(1)
(2)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(2)
(1)
Pre-Tax Income
584
N/A
609
+4%
561
-8%
635
+13%
676
+6%
701
+4%
769
+10%
733
-5%
725
-1%
695
-4%
628
-10%
594
-5%
512
-14%
681
+33%
638
-6%
608
-5%
627
+3%
458
-27%
478
+4%
483
+1%
473
-2%
410
-13%
378
-8%
318
-16%
463
+46%
665
+43%
797
+20%
1 137
+43%
1 325
+17%
1 455
+10%
1 476
+1%
1 466
-1%
1 389
-5%
1 278
-8%
1 218
-5%
1 113
-9%
1 010
-9%
879
-13%
840
-4%
758
-10%
646
-15%
Net Income
Tax Provision
(211)
(222)
(205)
(232)
(245)
(255)
(280)
(268)
(267)
(254)
(230)
(217)
(187)
(231)
(207)
(176)
(155)
(98)
(107)
(108)
(105)
(90)
64
80
44
(5)
(186)
(269)
(313)
(345)
(352)
(350)
(332)
(304)
(295)
(270)
(243)
(211)
(211)
(191)
(165)
Income from Continuing Operations
372
386
357
404
431
446
489
465
458
442
398
377
326
450
431
432
471
360
371
375
368
320
442
397
507
660
611
868
1 012
1 110
1 123
1 116
1 056
974
923
844
767
667
629
567
481
Net Income (Common)
372
N/A
386
+4%
357
-8%
404
+13%
431
+7%
446
+4%
489
+10%
465
-5%
458
-1%
442
-4%
398
-10%
377
-5%
326
-14%
789
+142%
791
+0%
792
+0%
831
+5%
381
-54%
371
-3%
375
+1%
368
-2%
320
-13%
442
+38%
397
-10%
507
+28%
660
+30%
611
-7%
868
+42%
1 012
+17%
1 110
+10%
1 123
+1%
1 116
-1%
1 056
-5%
974
-8%
923
-5%
844
-9%
767
-9%
667
-13%
629
-6%
567
-10%
481
-15%
EPS (Diluted)
18.79
N/A
19.71
+5%
18.21
-8%
20.6
+13%
21.98
+7%
22.75
+4%
24.95
+10%
23.72
-5%
23.37
-1%
22.53
-4%
20.34
-10%
19.27
-5%
16.62
-14%
40.26
+142%
40.33
+0%
40.41
+0%
42.39
+5%
19.42
-54%
18.93
-3%
19.16
+1%
18.78
-2%
16.35
-13%
22.55
+38%
20.26
-10%
25.87
+28%
33.64
+30%
31.15
-7%
44.3
+42%
51.62
+17%
56.65
+10%
57.31
+1%
5.69
-90%
5.38
-5%
4.96
-8%
4.71
-5%
4.3
-9%
3.91
-9%
3.4
-13%
3.21
-6%
2.89
-10%
2.45
-15%

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