HR Block 2007 Annual Report Download - page 118

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(in 000s)
H&R Block, Inc. BFC Other Consolidated
Year Ended April 30, 2005 (Guarantor)(Issuer) Subsidiaries Eliminations H&R Block
Revenues $–$625,769 $2,537,780 $(17,180) $3,146,369
Expenses:
Cost of service revenues – 182,905 1,617,603 (184) 1,800,324
Cost of other revenues – 61,456 29,291 –90,747
Selling, general and administrative –274,537 423,412 (4,802) 693,147
–518,898 2,070,306 (4,986)2,584,218
Operating income –106,871 467,474 (12,194) 562,151
Interest expense –(59,247) (3,293) 173 (62,367)
Other income, net 527,613 17,277 10,552 (527,613) 27,829
Income from continuing operations before taxes 527,613 64,901 474,733 (539,634) 527,613
Income taxes 207,864 31,390 181,053 (212,443)207,864
Net income from continuing operations 319,749 33,511 293,680 (327,191) 319,749
Net income (loss) from discontinued operations 304,161 308,104 (9,918) (298,186) 304,161
Net income$623,910 $341,615 $283,762 $(625,377) $623,910
CONDENSED CONSOLIDATING BALANCE SHEETS
(in 000s)
H&R Block, Inc. BFC Other Consolidated
April 30, 2007 (Guarantor)(Issuer) Subsidiaries Eliminations H&R Block
Cash & cash equivalents $– $165,118 $756,720 $–$921,838
Cash & cash equivalents –restricted –329,000 3,646 –332,646
Receivables from customers, brokers and dealers, net –410,522 ––410,522
m90 Receivables, net 233 154,060 401,962 –556,255
Mortgage loans held for investment –1,358,222 ––1,358,222
Intangible assets and goodwill, net –197,914 977,418 –1,175,332
Investments in subsidiaries 4,586,474 –414(4,586,474) 414
Assets held for sale –1,720,984 25,975 –1,746,959
Other assets –129,879 867,419 7997,305
Total assets $4,586,707 $4,465,699 $3,033,554 $ (4,586,467) $ 7,499,493
Commercial paper and other, short-term borrowings $– $1,567,082 $–$–$1,567,082
Customer deposits –1,129,263 ––1,129,263
Accounts payable to customers, brokers and dealers –633,189 ––633,189
Long-term debt –502,236 17,571 –519,807
Liabilities held for sale –610,391 4,982 –615,373
Other liabilities 2254,906 1,365,372 –1,620,280
Net intercompany advances 3,172,206 (1,341,912) (1,830,294) – –
Stockholders’ equity 1,414,499 1,110,544 3,475,923 (4,586,467) 1,414,499
Total liabilities and stockholders’ equity $4,586,707 $4,465,699 $3,033,554 $ (4,586,467) $ 7,499,493
H&R BLOCK 2007 Form 10K