HR Block 2011 Annual Report Download - page 50

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CONSOLIDATED BALANCE SHEETS
(in 000s, except share and per share amounts)
As of April 30, 2011 2010
ASSETS
Cash and cash equivalents $ 1,677,844 $ 1,804,045
Cash and cash equivalents — restricted 48,383 34,350
Receivables, less allowance for doubtful accounts of $67,466 and $112,475 492,290 517,986
Prepaid expenses and other current assets 259,214 292,655
Total current assets 2,477,731 2,649,036
Mortgage loans held for investment, less allowance for loan
losses of $92,087 and $93,535 485,008 595,405
Property and equipment, at cost less accumulated depreciation
and amortization of $677,220 and $657,008 307,320 345,470
Intangible assets, net 367,919 367,432
Goodwill 846,245 840,447
Other assets 723,738 436,528
Total assets $ 5,207,961 $ 5,234,318
LIABILITIES AND STOCKHOLDERS’ EQUITY
LIABILITIES:
Customer banking deposits $ 852,220 $ 852,555
Accounts payable, accrued expenses and other current liabilities 618,070 756,577
Accrued salaries, wages and payroll taxes 257,038 199,496
Accrued income taxes 458,910 459,175
Current portion of long-term debt 3,437 3,688
Federal Home Loan Bank borrowings 25,000 50,000
Total current liabilities 2,214,675 2,321,491
Long-term debt 1,049,754 1,035,144
Federal Home Loan Bank borrowings –25,000
Other noncurrent liabilities 493,958 412,053
Total liabilities 3,758,387 3,793,688
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY:
Common stock, no par, stated value $.01 per share, 800,000,000 shares
authorized, shares issued of 412,440,599 and 431,390,599 4,124 4,314
Convertible preferred stock, no par, stated value $0.01 per share,
500,000 shares authorized ––
Additional paid-in capital 812,666 832,604
Accumulated other comprehensive income 11,233 1,678
Retained earnings 2,658,103 2,658,586
Less treasury shares, at cost (2,036,552) (2,056,552)
Total stockholders’ equity 1,449,574 1,440,630
Total liabilities and stockholders’ equity $ 5,207,961 $ 5,234,318
See accompanying notes to consolidated financial statements.
38 H&R BLOCK 2011 Form 10K