HR Block 2011 Annual Report Download - page 87

Download and view the complete annual report

Please find page 87 of the 2011 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 100

  • 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

Year Ended April 30, 2009
H&R Block, Inc.
(Guarantor)
BFC
(Issuer)
Other
Subsidiaries Elims
Consolidated
H&R Block
Total revenues $ – $ 251,758 $ 3,834,880 $ (3,061) $ 4,083,577
Cost of revenues – 278,789 2,317,439 (10) 2,596,218
Selling, general and administrative – 66,230 582,812 (552) 648,490
Total expenses – 345,019 2,900,251 (562) 3,244,708
Operating income (loss) – (93,261) 934,629 (2,499) 838,869
Other income (expense), net 839,370 (5,992) 6,461 (839,338) 501
Income (loss) from continuing operations before
taxes (benefit) 839,370 (99,253) 941,090 (841,837) 839,370
Income taxes (benefit) 326,315 (40,386) 367,660 (327,274) 326,315
Net income (loss) from continuing operations 513,055 (58,867) 573,430 (514,563) 513,055
Net loss from discontinued operations (27,382) (29,176) – 29,176 (27,382)
Net income (loss) $ 485,673 $ (88,043) $ 573,430 $ (485,387) $ 485,673
CONDENSED CONSOLIDATING BALANCE SHEETS
(in 000s)
April 30, 2011
H&R Block, Inc.
(Guarantor)
BFC
(Issuer)
Other
Subsidiaries Elims
Consolidated
H&R Block
Cash & cash equivalents $ – $ 616,238 $ 1,061,656 $ (50) $ 1,677,844
Cash & cash equivalents – restricted – 9,522 38,861 – 48,383
Receivables, net 88 102,011 390,191 – 492,290
Mortgage loans held for investment, net – 485,008 – – 485,008
Intangible assets and goodwill, net – – 1,214,164 – 1,214,164
Investments in subsidiaries 2,699,555 – 32 (2,699,555) 32
Other assets 13,613 469,461 807,166 – 1,290,240
Total assets $ 2,713,256 $ 1,682,240 $ 3,512,070 $ (2,699,605) $ 5,207,961
Customer deposits $ – $ 852,270 $ – $ (50) $ 852,220
Long-term debt – 998,965 50,789 – 1,049,754
FHLB borrowings – 25,000 – – 25,000
Other liabilities 178 (26,769) 1,858,004 – 1,831,413
Net intercompany advances 1,263,504 24,173 (1,287,677) – –
Stockholders’ equity 1,449,574 (191,399) 2,890,954 (2,699,555) 1,449,574
Total liabilities and stockholders’ equity $ 2,713,256 $ 1,682,240 $ 3,512,070 $ (2,699,605) $ 5,207,961
April 30, 2010
H&R Block, Inc.
(Guarantor)
BFC
(Issuer)
Other
Subsidiaries Elims
Consolidated
H&R Block
Cash & cash equivalents $ – $ 702,021 $ 1,102,135 $ (111) $ 1,804,045
Cash & cash equivalents – restricted – 6,160 28,190 – 34,350
Receivables, net 57 105,192 412,737 – 517,986
Mortgage loans held for investment, net – 595,405 – – 595,405
Intangible assets and goodwill, net – – 1,207,879 – 1,207,879
Investments in subsidiaries 3,276,597 – 231 (3,276,597) 231
Other assets 19,014 332,782 722,626 – 1,074,422
Total assets $ 3,295,668 $ 1,741,560 $ 3,473,798 $ (3,276,708) $ 5,234,318
Customer deposits $ – $ 852,666 $ – $ (111) $ 852,555
Long-term debt – 998,605 36,539 – 1,035,144
FHLB borrowings – 75,000 – – 75,000
Other liabilities 48,775 153,154 1,629,060 – 1,830,989
Net intercompany advances 1,806,263 (431,696) (1,374,567) – –
Stockholders’ equity 1,440,630 93,831 3,182,766 (3,276,597) 1,440,630
Total liabilities and stockholders’ equity $ 3,295,668 $ 1,741,560 $ 3,473,798 $ (3,276,708) $ 5,234,318
H&R BLOCK 2011 Form 10K 75