HR Block 2006 Annual Report Download - page 113

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CONSOLIDATED BALANCE SHEETS
(Amounts in 000s, except share and per share amounts)
April 30, 2006 2005
ASSETS
CURRENT ASSETS –
Cash and cash equivalents $ 694,358 $ 1,100,213
Cash and cash equivalents – restricted 394,069 516,909
Receivables from customers, brokers, dealers and clearing organizations, less allowance
for doubtful accounts of $1,783 and $1,151 496,577 590,226
Receivables, less allowance for doubtful accounts of $64,480 and $34,201 503,188 341,706
Mortgage loans held for sale 236,399 77,082
Prepaid expenses and other current assets 499,356 444,498
Total current assets 2,823,947 3,070,634
Residual interests in securitizations – available-for-sale 159,058 205,936
Beneficial interest in Trusts – trading 188,014 215,367
Mortgage servicing rights 272,472 166,614
Mortgage loans held for investment, net 407,538 –
Property and equipment, net 443,785 330,150
Intangible assets, net 219,494 247,092
Goodwill, net 1,100,452 1,015,947
Other assets 374,375 286,316
Total assets $ 5,989,135 $ 5,538,056
LIABILITIES AND STOCKHOLDERS’ EQUITY
LIABILITIES –
Current portion of long-term debt $ 506,992 $ 25,545
Accounts payable to customers, brokers and dealers 781,303 950,684
Accounts payable, accrued expenses and other current liabilities 768,505 564,749
Accrued salaries, wages and payroll taxes 330,946 318,644
Accrued income taxes 505,690 375,174
Total current liabilities 2,893,436 2,234,796
Long-term debt 417,539 923,073
Other noncurrent liabilities 530,361 430,919
Total liabilities 3,841,336 3,588,788
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY –
Common stock, no par, stated value $0.01 per share, 800,000,000 shares
authorized, 435,890,796 shares issued at April 30, 2006 and 2005 4,359 4,359
Convertible preferred stock, no par, stated value $0.01 per share, 500,000 shares authorized ––
Additional paid-in capital 653,053 598,388
Accumulated other comprehensive income 21,948 68,718
Retained earnings 3,492,059 3,161,682
Less treasury shares, at cost (2,023,620) (1,883,879)
Total stockholders’ equity 2,147,799 1,949,268
Total liabilities and stockholders’ equity $ 5,989,135 $ 5,538,056
See accompanying notes to consolidated financial statements.
H&R BLOCK 2006 Form 10K
43