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H&R Block, Inc. | 2015 Form 10-K 27
Consolidated – Financial Results (in 000s)
Year ended April 30, 2015 2014
Tax Services
Corporate
and
Eliminations Total Tax Services
Corporate
and
Eliminations Total
Tax preparation fees:
U.S. assisted $ 1,865,438 $ — $ 1,865,438 $ 1,794,043 $ — $ 1,794,043
International 207,772 — 207,772 200,152 — 200,152
U.S. DIY 231,854 — 231,854 206,516 — 206,516
2,305,064 — 2,305,064 2,200,711 — 2,200,711
Royalties 292,743 — 292,743 316,153 — 316,153
Revenues from refund transfers 171,094 — 171,094 181,394 — 181,394
Revenues from Emerald Card® 103,300 — 103,300 103,730 — 103,730
Revenues from Peace of Mind®
Extended Service Plan 81,551 — 81,551 89,685 — 89,685
Interest and fee income on Emerald
Advance 57,202 — 57,202 56,877 — 56,877
Other 45,345 22,359 67,704 50,910 24,835 75,745
Total revenues 3,056,299 22,359 3,078,658 2,999,460 24,835 3,024,295
Compensation and benefits:
Field wages 731,309 — 731,309 702,312 — 702,312
Other wages 158,463 18,234 176,697 169,583 22,997 192,580
Benefits and other compensation 167,178 15,823 183,001 158,203 13,307 171,510
1,056,950 34,057 1,091,007 1,030,098 36,304 1,066,402
Occupancy and equipment 375,392 351 375,743 363,590 1,446 365,036
Marketing and advertising 271,866 1,816 273,682 237,214 1,549 238,763
Depreciation and amortization 159,787 17 159,804 115,488 116 115,604
Bad debt 75,003 (10) 74,993 71,733 8,274 80,007
Supplies 42,808 64 42,872 36,454 73 36,527
Other 242,054 23,837 265,891 260,676 42,790 303,466
Total operating expenses 2,223,860 60,132 2,283,992 2,115,253 90,552 2,205,805
Other income 799 515 1,314 10,664 25,651 36,315
Interest expense on borrowings (2,067) (43,179) (45,246) (2,137) (53,142) (55,279)
Other expenses (7,935) 6 (7,929) (26,367) (6,043) (32,410)
Pretax income (loss) $ 823,236 $ (80,431) 742,805 $ 866,367 $ (99,251) $ 767,116
Income taxes 256,061 267,019
Net income from continuing operations 486,744 500,097
Net loss from discontinued operations (13,081) (24,940)
Net income $ 473,663 $ 475,157
Basic earnings (loss) per share:
Continuing operations $ 1.77 $ 1.82
Discontinued operations (0.05) (0.09)
Consolidated $ 1.72 $ 1.73
Diluted earnings (loss) per share:
Continuing operations $ 1.75 $ 1.81
Discontinued operations (0.04) (0.09)
Consolidated $ 1.71 $ 1.72
EBITDA from continuing operations (1) $ 948,537 $ 940,108
EBITDA from continuing operations - adjusted (1) 951,006 932,329
(1) See "Non-GAAP Financial Information" at the end of this item for a reconciliation of non-GAAP measures.