U-Haul Holding Company
Cash Flow Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $83.1M | $367.1M | $628.7M | $924.5M | $1.12B | $610.9M | $442.0M | $370.9M |
| Depreciation & Amortization | — | — | — | — | — | — | — | — |
| Depreciation | $1.18B | $971.9M | $817.9M | $733.9M | $697.0M | $664.0M | $664.1M | $581.0M |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | — | — | — | — | — | — | — | — |
| Net Cash from Operating Activities | $1.79B | $1.45B | $1.45B | $1.73B | $1.95B | $1.54B | $1.08B | $975.6M |
| Investing Activities | ||||||||
| Capital Expenditures | $3.15B | $3.45B | $2.99B | $2.72B | $2.14B | $1.44B | $2.31B | $1.87B |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-2.26B | $-2.89B | $-2.05B | $-2.42B | $1.87B | $-1.13B | $-1.77B | $-1.57B |
| Financing Activities | ||||||||
| Dividends Paid | — | — | $0 | $19.6M | $29.4M | $49.0M | $29.4M | $39.2M |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $594.6M | $895.1M | $66.5M | $59.8M | $1.43B | $287.4M | $512.3M | $514.6M |
| Net Change in Cash | $131.3M | $-545.7M | $-526.0M | $-643.6M | $1.51B | $699.7M | $-179.3M | $-85.7M |
| Free Cash Flow | $-1.36B | $-2.00B | $-1.54B | $-994.3M | $-190.3M | $93.9M | $-1.23B | $-894.4M |