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H&R Block, Inc. | 2014 Form 10-K 85
Year ended April 30, 2013 H&R Block, Inc.
(Guarantor) Block Financial
(Issuer) Other
Subsidiaries Eliminations Consolidated
H&R Block
Total revenues $ — $ 230,982 $ 2,681,987 $ (7,026) $ 2,905,943
Cost of revenues — 193,400 1,417,824 (6,436) 1,604,788
Selling, general and administrative — 42,530 562,529 (590) 604,469
Total expenses — 235,930 1,980,353 (7,026) 2,209,257
Operating income (loss) — (4,948) 701,634 — 696,686
Other income (expense), net (1) 433,948 (1,164) 6,489 (433,948) 5,325
Income (loss) from continuing
operations before taxes (benefit) 433,948 (6,112) 708,123 (433,948) 702,011
Income taxes (benefit) (1) — (29,221) 266,074 — 236,853
Net income from continuing
operations 433,948 23,109 442,049 (433,948) 465,158
Net income (loss) from
discontinued operations (1) — (31,954) 744 — (31,210)
Net income (loss) 433,948 (8,845) 442,793 (433,948) 433,948
Other comprehensive income (loss) (1,595) 189 (1,784) 1,595 (1,595)
Comprehensive income (loss) $ 432,353 $ (8,656) $ 441,009 $ (432,353) $ 432,353
(1) Amounts have been restated, including the presentation of equity in earnings of subsidiaries net of income taxes and discontinued operations.
Year ended April 30, 2012 H&R Block, Inc.
(Guarantor) Block Financial
(Issuer) Other
Subsidiaries Eliminations Consolidated
H&R Block
Total revenues $ — $ 234,925 $ 2,666,267 $ (7,421) $ 2,893,771
Cost of revenues — 221,988 1,487,128 (7,421) 1,701,695
Impairment of goodwill — — 7,409 — 7,409
Selling, general and administrative — 24,730 593,645 — 618,375
Total expenses — 246,718 2,088,182 (7,421) 2,327,479
Operating income (loss) — (11,793) 578,085 — 566,292
Other income, net (1) 265,932 8,686 1,092 (265,932) 9,778
Income (loss) from continuing
operations before taxes (benefit) 265,932 (3,107) 579,177 (265,932) 576,070
Income taxes (benefit) (1) — (1,191) 231,293 — 230,102
Net income (loss) from continuing
operations 265,932 (1,916) 347,884 (265,932) 345,968
Net loss from discontinued
operations (1) — (40,172) (39,864) — (80,036)
Net income (loss) 265,932 (42,088) 308,020 (265,932) 265,932
Other comprehensive income (loss) 912 3,085 (2,173) (912) 912
Comprehensive income (loss) $ 266,844 $ (39,003) $ 305,847 $ (266,844) $ 266,844
(1) Amounts have been restated, including the presentation of equity in earnings of subsidiaries net of income taxes and discontinued operations.