HR Block 2005 Annual Report Download - page 142

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(in 000s)
H&R Block, Inc. BFC Other Consolidated
Year Ended April 30, 2003 (as restated) (Guarantor) (Issuer) Subsidiaries Eliminations H&R Block
Revenues $ – $1,551,572 $2,192,510 $ (12,956) $3,731,126
Expenses:
Cost of service revenues – 304,947 1,320,729 261 1,625,937
Cost of other revenues – 273,210 27,539 – 300,749
Selling, general and administrative – 423,376 472,936 (13,197) 883,115
– 1,001,533 1,821,204 (12,936) 2,809,801
Operating income – 550,039 371,306 (20) 921,325
Interest expense – 68,173 8,550 – 76,723
Other income, net 855,564 4,127 6,835 (855,564) 10,962
Income before taxes 855,564 485,993 369,591 (855,584) 855,564
Income taxes 377,949 232,577 145,381 (377,958) 377,949
Net income $477,615 $ 253,416 $ 224,210 $(477,626) $ 477,615
CONDENSED CONSOLIDATING BALANCE SHEETS
(in 000s)
H&R Block, Inc. BFC Other Consolidated
April 30, 2005 (Guarantor) (Issuer) Subsidiaries Eliminations H&R Block
Cash & cash equivalents $ – $ 162,983 $ 937,230 $ – $1,100,213
Cash & cash equivalents — restricted – 488,761 28,148 – 516,909
Receivables from customers, brokers and dealers, net – 590,226 – – 590,226
Receivables, net 101 199,990 218,697 – 418,788
Intangible assets and goodwill, net – 421,036 842,003 – 1,263,039
Investments in subsidiaries 4,878,783 210 449 (4,878,783) 659
Other assets – 1,407,082 243,007 (640) 1,649,449
Total assets $4,878,884 $3,270,288 $ 2,269,534 $(4,879,423) $5,539,283
Accounts payable to customers, brokers and dealers $ – $ 950,684 $ – $ – $ 950,684
Long-term debt – 896,591 26,482 – 923,073
Other liabilities 2 532,562 1,156,583 8 1,689,155
Net intercompany advances 2,902,511 (653,908) (2,250,521) 1,918 –
Stockholders’ equity 1,976,371 1,544,359 3,336,990 (4,881,349) 1,976,371
Total liabilities and stockholders’ equity $4,878,884 $3,270,288 $ 2,269,534 $(4,879,423) $5,539,283
H&R BLOCK 2005 Form 10K
80