HR Block 2006 Annual Report Download - page 140

Download and view the complete annual report

Please find page 140 of the 2006 HR Block annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 155

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155

CONDENSED CONSOLIDATING INCOME STATEMENTS
(in 000s)
H&R Block, Inc. BFC Other Consolidated
Year Ended April 30, 2006 (Guarantor) (Issuer) Subsidiaries Eliminations H&R Block
Revenues $ – $ 2,018,045 $ 2,871,364 $ (16,608) $ 4,872,801
Expenses:
Cost of service revenues – 500,545 1,883,374 (620) 2,383,299
Cost of other revenues – 486,971 36,021 – 522,992
Selling, general and administrative – 481,544 646,535 (15,494) 1,112,585
– 1,469,060 2,565,930 (16,114) 4,018,876
Operating income – 548,985 305,434 (494) 853,925
Interest expense – 47,242 1,817 – 49,059
Other income, net 827,393 – 22,527 (827,393) 22,527
Income before taxes 827,393 501,743 326,144 (827,887) 827,393
Income taxes 336,985 198,454 138,744 (337,198) 336,985
Net income $ 490,408 $ 303,289 $ 187,400 $ (490,689) $ 490,408
H&R Block, Inc. BFC Other Consolidated
Year Ended April 30, 2005 (Guarantor) (Issuer) Subsidiaries Eliminations H&R Block
Revenues $ – $ 1,871,703 $ 2,565,496 $ (17,180) $ 4,420,019
Expenses:
Cost of service revenues – 404,053 1,595,199 (184) 1,999,068
Cost of other revenues – 417,508 30,513 – 448,021
Selling, general and administrative – 447,688 487,419 (14,430) 920,677
– 1,269,249 2,113,131 (14,614) 3,367,766
Operating income – 602,454 452,365 (2,566) 1,052,253
Interest expense – 59,247 3,293 (173) 62,367
Other income, net 1,017,715 17,277 10,552 (1,017,715) 27,829
Income before taxes 1,017,715 560,484 459,624 (1,020,108) 1,017,715
Income taxes 393,805 218,869 175,862 (394,731) 393,805
Net income $ 623,910 $ 341,615 $ 283,762 $ (625,377) $ 623,910
H&R Block, Inc. BFC Other Consolidated
Year Ended April 30, 2004 (Guarantor) (Issuer) Subsidiaries Eliminations H&R Block
Revenues $ – $ 1,844,772 $ 2,419,446 $ (16,338) $ 4,247,880
Expenses:
Cost of service revenues – 372,582 1,422,567 (283) 1,794,866
Cost of other revenues – 357,350 25,168 – 382,518
Selling, general and administrative – 368,725 493,114 (15,682) 846,157
– 1,098,657 1,940,849 (15,965) 3,023,541
Operating income – 746,115 478,597 (373) 1,224,339
Interest expense – 66,931 4,287 – 71,218
Other income, net 1,162,975 – 9,854 (1,162,975) 9,854
Income before taxes 1,162,975 679,184 484,164 (1,163,348) 1,162,975
Income taxes 462,523 263,456 199,216 (462,672) 462,523
Income before change in accounting 700,452 415,728 284,948 (700,676) 700,452
Cumulative effect of change in accounting (6,359) – (6,359) 6,359 (6,359)
Net income $ 694,093 $ 415,728 $ 278,589 $ (694,317) $ 694,093
70
H&R BLOCK 2006 Form 10K