HR Block 2007 Annual Report Download - page 117

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CONDENSED CONSOLIDATING INCOME STATEMENTS
(in 000s)
H&R Block, Inc. BFC Other Consolidated
Year Ended April 30, 2007 (Guarantor)(Issuer) Subsidiaries Eliminations H&R Block
Revenues $– $974,664 $3,060,409 $ (13,799) $ 4,021,274
Expenses:
Cost of service revenues –214,223 2,113,532 (1,559) 2,326,196
Cost of other revenues –157,017 25,245 –182,262
Selling, general and administrative –306,095 554,132 (7,273) 852,954
–677,335 2,692,909 (8,832) 3,361,412
Operating income –297,329 367,500 (4,967) 659,862
Interest expense –(45,153) (1,767) –(46,920)
Other income, net 635,798 19,999 2,857 (635,798) 22,856
Income from continuing operations before taxes 635,798 272,175 368,590 (640,765) 635,798
Income taxes 261,461 109,589 153,915 (263,504) 261,461
Net income from continuing operations 374,337 162,586 214,675 (377,261) 374,337
Net loss from discontinued operations (807,990) (790,862) (20,362) 811,224 (807,990)
Net income (loss) $(433,653) $(628,276) $194,313 $433,963 $(433,653)
(in 000s)
H&R Block, Inc. BFC Other Consolidated
Year Ended April 30, 2006 (Guarantor)(Issuer) Subsidiaries Eliminations H&R Block
Revenues $–$771,178 $2,820,183 $ (16,608) $3,574,753
Expenses:
Cost of service revenues – 203,835 1,865,580 (620)2,068,795
Cost of other revenues – 42,580 34,673 –77,253 89 m
Selling, general and administrative –302,434 596,890 (7,633) 891,691
–548,849 2,497,143 (8,253)3,037,739
Operating income –222,329 323,040 (8,355) 537,014
Interest expense –(47,242) (1,817) –(49,059)
Other income, net 510,482 –22,527 (510,482) 22,527
Income from continuing operations before taxes 510,482 175,087 343,750 (518,837) 510,482
Income taxes 212,941 75,043 141,188 (216,231) 212,941
Net income from continuing operations 297,541 100,044 202,562 (302,606) 297,541
Net income (loss) from discontinued operations 192,867 203,245 (15,162) (188,083) 192,867
Net income$490,408 $303,289 $187,400 $(490,689) $490,408
H&R BLOCK 2007 Form 10K