HR Block 2007 Annual Report Download - page 115

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(in 000s) (in 000s)
Year Ended April 30, 2007 2006 2005 Year Ended April 30, 2007 2006 2005
REVENUES –CAPITAL EXPENDITURES –
Tax Services $2,685,858 $2,449,751 $2,356,708 Tax Services $41,809 $43,607 $ 74,297
Business Services 932,361 828,133 547,185 Business Services 31,770 23,731 17,778
Consumer Financial Services 388,090 287,955 239,244 Consumer Financial Services 2,743 11,088 9,503
Corporate 14,965 8,914 3,232 Corporate 84,769 114,851 46,463
$4,021,274 $3,574,753 $3,146,369 $161,091 $193,277 $148,041
INCOME (LOSS) FROM IDENTIFIABLE ASSETS –
CONTINUING OPERATIONS Tax Services $961,415 $843,717 $716,981
BEFORE TAXES –Business Services 941,754 947,601 669,424
Tax Services $705,171 $590,089 $665,291 Consumer Financial Services 2,619,946 1,306,822 1,481,127
Business Services 57,661 70,661 43,207 Corporate 1,229,419 948,742 1,320,054
Consumer Financial Services 19,811 (32,835) (75,370) Assets of discontinued
Corporate (146,845) (117,433) (105,515) operations 1,746,959 1,942,253 1,350,470
$635,798 $510,482 $527,613 $7,499,493 $5,989,135 $5,538,056
DEPRECIATION AND
AMORTIZATION –
Tax Services $68,369 $69,074 $ 79,005
Business Services 35,046 32,143 20,241
Consumer Financial Services 45,308 46,081 48,662
Corporate 1,492 1,023 2,028
$150,215 $148,321 $149,936
87 m
NOTE 22: QUARTERLYFINANCIAL DATA (UNAUDITED)
During fiscal year 2007, we met the criteria requiring us to present the related financial results of OOMC, HRBMC and other smaller businesses as
discontinued operations and the assets and liabilities of all of the businesses being sold as held-for-sale in the consolidated financial statements. All
periods presented have been reclassified to reflect our discontinued operations. See additional discussion in note 20.
(in 000s, except per share amounts)
Fiscal Year 2007 Quarter Ended Fiscal Year 2007 April 30, 2007January 31, 2007 October 31, 2006 July 31, 2006
Revenues $4,021,274 $2,351,242 $931,179 $396,083 $342,770
Income (loss) from continuing operations before
tax (benefit) 635,798 1,006,266 22,125 (198,619) (193,974)
Income tax (benefit)261,461 415,037 181 (77,622) (76,135)
Net income (loss) from continuing operations 374,337 591,229 21,944 (120,997) (117,839)
Net loss of discontinued operations (1) (807,990) (676,793) (82,196) (35,463) (13,538)
Net loss $(433,653) $(85,564) $(60,252) $(156,460) $(131,377)
Basic earnings (loss) per share:
Net income (loss) of continuing operations $1.16 $ 1.83 $ 0.07 $ (0.38) $ (0.36)
Net loss of discontinued operations (2.50) (2.09) (0.26) (0.11) (0.05)
Net loss $(1.34) $(0.26) $(0.19) $(0.49) $(0.41)
Diluted earnings (loss) per share
Net income (loss) of continuing operations $1.15 $ 1.81 $0.07 $ (0.38) $ (0.36)
Net loss of discontinued operations (2.48) (2.07) (0.25) (0.11) (0.05)
Net loss $(1.33) $(0.26) $(0.18) $(0.49) $(0.41)
(1) The net loss of discontinued operations for the fourth quarter of fiscal year 2007 includes pretax charges relating to impairment of goodwill and assets held for sale of
$350.8 million, impairments of residual interests of $95.8 million and provisions for loan repurchase obligations of $137.7 million.
H&R BLOCK 2007 Form 10K