HR Block 2006 Annual Report Download - page 139

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NOTE 20: QUARTERLY FINANCIAL DATA (UNAUDITED)
(in 000s, except per share amounts)
Fiscal Year 2006 Quarter Ended Fiscal Year 2006 April 30, 2006 January 31, 2006 October 31, 2005 July 31, 2005
Revenues $ 4,872,801 $ 2,496,018 $ 1,156,747 $ 605,043 $ 614,993
Income (loss) before taxes 827,393 980,983 25,408 (133,129) (45,869)
Income tax (benefit) 336,985 393,445 13,295 (51,880) (17,875)
Net income (loss) $ 490,408 $ 587,538 $ 12,113 $ (81,249) $ (27,994)
Basic earnings (loss) per share $ 1.49 $ 1.79 $ 0.04 $ (0.25) $ (0.08)
Diluted earnings (loss) per share $ 1.47 $ 1.77 $ 0.04 $ (0.25) $ (0.08)
Fiscal Year 2005 Quarter Ended Fiscal Year 2005 April 30, 2005 January 31, 2005 October 31, 2004 July 31, 2004
Revenues $ 4,420,019 $ 2,355,279 $ 1,036,236 $ 541,953 $ 486,551
Income (loss) before taxes 1,017,715 1,003,055 153,278 (79,818) (58,800)
Income tax (benefit) 393,805 388,125 59,542 (31,016) (22,846)
Net income (loss) $ 623,910 $ 614,930 $ 93,736 $ (48,802) $ (35,954)
Basic earnings (loss) per share $ 1.88 $ 1.86 $ 0.28 $ (0.15) $ (0.11)
Diluted earnings (loss) per share $ 1.85 $ 1.83 $ 0.28 $ (0.15) $ (0.11)
The accumulation of four quarters in fiscal years 2006 and 2005 for shares, the timing of the exercise of stock options and release of
earnings per share may not equal the related per share amounts for the restricted shares, and the antidilutive effect of stock options and
years ended April 30, 2006 and 2005 due to the repurchase of treasury unvested restricted shares in the first two quarters.
Fourth Quarter Third Quarter Second Quarter First Quarter Fiscal Year
Fiscal year 2006 –
Dividends per share $ 0.13 $ 0.13 $ 0.13 $ 0.11 $ 0.49
Stock price range:
High $ 25.67 $ 26.96 $ 29.02 $ 30.00 $ 30.00
Low 19.80 23.06 23.01 24.47 19.80
Fiscal year 2005 –
Dividends per share $ 0.11 $ 0.11 $ 0.11 $ 0.10 $ 0.43
Stock price range:
High $ 27.93 $ 25.25 $ 25.75 $ 25.00 $ 27.93
Low 23.43 22.99 22.57 22.08 22.08
NOTE 21: CONDENSED CONSOLIDATING FINANCIAL STATEMENTS
Block Financial Corporation (BFC) is an indirect, wholly-owned These condensed consolidating financial statements have been
subsidiary of the Company. BFC is the Issuer and H&R Block, Inc. is the prepared using the equity method of accounting. Income of subsidiaries
Guarantor of the $500.0 million 8
1
/
2
% Senior Notes issued on April 13, is, therefore, reflected in our investment in subsidiaries account. The
2000 and the $400.0 million 5.125% Senior Notes issued on October 26, elimination entries eliminate investments in subsidiaries, related
2004. Our guarantee is full and unconditional. The following condensed stockholder’s equity and other intercompany balances and transactions.
consolidating financial statements present separate information for
BFC, the Company and for our other subsidiaries, and should be read in
conjunction with our consolidated financial statements.
H&R BLOCK 2006 Form 10K
69