HR Block 2007 Annual Report Download - page 116

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(in 000s, except per share amounts)
Fiscal Year 2006 Quarter Ended Fiscal Year 2006 April 30, 2006January 31, 2006 October 31, 2005 July 31, 2005
Revenues $3,574,753 $2,178,120 $842,996 $309,345 $244,292
Income (loss) from continuing operations before
tax (benefit) 510,482 909,409 (42,064) (178,456) (178,407)
Income tax (benefit) 212,941 367,673 (13,716) (70,518) (70,498)
Net income (loss) from continuing operations 297,541 541,736 (28,348) (107,938) (107,909)
Net income of discontinued operations 192,867 45,802 40,461 26,689 79,915
Net income (loss) $490,408 $587,538 $12,113 $ (81,249) $ (27,994)
Basic earnings (loss) per share:
Net income (loss) of continuing operations $0.91 $ 1.65 $ (0.09) $ (0.33) $ (0.33)
Net income of discontinued operations 0.58 0.14 0.13 0.08 0.25
Net income (loss) $1.49 $ 1.79 $ 0.04 $ (0.25) $ (0.08)
Diluted earnings (loss) per share
Net income (loss) of continuing operations $0.89 $ 1.63 $ (0.09) $ (0.33) $ (0.33)
Net income of discontinued operations 0.58 0.14 0.13 0.08 0.25
Net income (loss) $1.47 $ 1.77 $0.04 $ (0.25) $ (0.08)
The accumulation of four quarters in fiscal years 2007 and 2006 for earnings per share may not equal the related per share amounts for the years
ended April 30, 2007 and 2006 due to the repurchase of treasury shares, the timing of the exercise of stock options and release of restricted shares,
and the antidilutive effect of stock options and unvested restricted shares in the first two quarters.
Fourth Quarter ThirdQuarter Second Quarter First Quarter Fiscal Year
Fiscal Year 2007 –
Dividends per share$0.14 $ 0.14 $ 0.14 $ 0.13 $ 0.53
m88 Stock price range:
High $24.05 $24.86 $22.94 $24.30 $24.86
Low 18.31 21.47 20.20 21.25 18.31
Fiscal Year 2006 –
Dividends per share$0.13 $ 0.13 $ 0.13 $ 0.11 $0.49
Stock price range:
High $ 25.67 $26.96 $29.02 $30.00 $30.00
Low 19.80 23.06 23.01 24.47 19.80
NOTE 23: CONDENSED CONSOLIDATING FINANCIAL STATEMENTS
Block Financial Corporation (BFC) is an indirect, wholly-owned BFC, the Company and for our other subsidiaries, and should be read in
subsidiary of the Company. BFC is the Issuer and H&R Block, Inc. is the conjunction with our consolidated financial statements.
Guarantor of the $500.0 million credit facility entered into in April 2007, These condensed consolidating financial statements have been
$400.0 million 5.125% Senior Notes issued on October 26, 2004 and prepared using the equity method of accounting. Income of subsidiaries
$500.0 million 81/2% Senior Notes that matured in April 2007. Our is, therefore, reflected in our investment in subsidiaries account. The
guarantee is full and unconditional. The following condensed elimination entries eliminate investments in subsidiaries, related
consolidating financial statements present separate information for stockholder’s equity and other intercompany balances and transactions.
H&R BLOCK 2007 Form 10K