HR Block 2005 Annual Report Download - page 141

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CONDENSED CONSOLIDATING INCOME STATEMENTS
(in 000s)
H&R Block, Inc. BFC Other Consolidated
Year Ended April 30, 2005 (Guarantor) (Issuer) Subsidiaries Eliminations H&R Block
Revenues $ – $1,871,703 $ 2,565,496 $ (17,180) $4,420,019
Expenses:
Cost of service revenues – 404,205 1,595,199 (184) 1,999,220
Cost of other revenues – 385,908 30,513 – 416,421
Selling, general and administrative – 479,136 487,419 (14,430) 952,125
– 1,269,249 2,113,131 (14,614) 3,367,766
Operating income – 602,454 452,365 (2,566) 1,052,253
Interest expense – 59,247 3,293 (173) 62,367
Other income, net 1,017,715 17,277 10,552 (1,017,715) 27,829
Income before taxes 1,017,715 560,484 459,624 (1,020,108) 1,017,715
Income taxes 381,858 206,572 175,969 (382,541) 381,858
Net income $ 635,857 $ 353,912 $ 283,655 $ (637,567) $ 635,857
H&R Block, Inc. BFC Other Consolidated
Year Ended April 30, 2004 (as restated) (Guarantor) (Issuer) Subsidiaries Eliminations H&R Block
Revenues $ – $1,844,772 $2,419,446 $ (16,338) $4,247,880
Expenses:
Cost of service revenues – 372,217 1,422,567 (283) 1,794,501
Cost of other revenues – 355,197 25,168 – 380,365
Selling, general and administrative – 371,243 493,114 (15,682) 848,675
– 1,098,657 1,940,849 (15,965) 3,023,541
Operating income – 746,115 478,597 (373) 1,224,339
Interest expense – 66,931 4,287 – 71,218
Other income, net 1,162,975 – 9,854 (1,162,975) 9,854
Income before taxes 1,162,975 679,184 484,164 (1,163,348) 1,162,975
Income taxes 447,367 263,456 184,055 (447,511) 447,367
Income before change in accounting 715,608 415,728 300,109 (715,837) 715,608
Cumulative effect of change in accounting (6,359) – (6,359) 6,359 (6,359)
Net income $ 709,249 $ 415,728 $ 293,750 $ (709,478) $ 709,249
H&R BLOCK 2005 Form 10K
79