HR Block 2009 Annual Report Download - page 46

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CONSOLIDATED STATEMENTS OF OPERATIONS
AND COMPREHENSIVE INCOME (LOSS)
Year Ended April 30, 2009 2008 2007
(in 000s, except per share amounts)
REVENUES:
Service revenues $ 3,437,906 $ 3,393,906 $ 3,108,335
Other revenues:
Product and other revenues 491,155 541,166 528,775
Interest income 154,516 151,558 73,252
4,083,577 4,086,630 3,710,362
OPERATING EXPENSES:
Cost of services 2,296,449 2,280,478 2,157,838
Cost of other revenues 299,769 307,715 172,656
Selling, general and administrative 648,490 788,898 728,540
3,244,708 3,377,091 3,059,034
Operating income 838,869 709,539 651,328
Other income (expense), net 501 25,532 (24,067)
Income from continuing operations before income taxes 839,370 735,071 627,261
Income taxes 326,315 289,124 257,801
Net income from continuing operations 513,055 445,947 369,460
Net loss from discontinued operations (27,382) (754,594) (803,113)
NET INCOME (LOSS) $ 485,673 $ (308,647) $ (433,653)
BASIC EARNINGS (LOSS) PER SHARE:
Net income from continuing operations $ 1.54 $ 1.37 $ 1.14
Net loss from discontinued operations (0.08) (2.32) (2.48)
Net income (loss) $ 1.46 $ (0.95) $ (1.34)
DILUTED EARNINGS (LOSS) PER SHARE:
Net income from continuing operations $ 1.53 $ 1.36 $ 1.13
Net loss from discontinued operations (0.08) (2.30) (2.46)
Net income (loss) $ 1.45 $ (0.94) $ (1.33)
COMPREHENSIVE INCOME (LOSS):
Net income (loss) $ 485,673 $ (308,647) $ (433,653)
Unrealized gains (losses) on securities, net of taxes:
Unrealized holding gains (losses) arising during the year,
net of taxes of $(1,736), $2,683 and $(5,072) (2,836) 4,402 (8,151)
Reclassification adjustment for gains included in income,
net of taxes of $762, $130 and $11,120 (1,164) (205) (18,001)
Change in foreign currency translation adjustments (10,125) (391) 2,884
Comprehensive income (loss) $ 471,548 $ (304,841) $ (456,921)
See accompanying notes to consolidated financial statements.
42 H&R BLOCK 2009 Form 10K