HR Block 2007 Annual Report Download - page 80

Download and view the complete annual report

Please find page 80 of the 2007 HR Block annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 133

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133

CONSOLIDATED STATEMENTS OF INCOME
AND COMPREHENSIVE INCOME
(in 000s, except per share amounts)
Year Ended April 30, 2007 2006 2005
REVENUES –
Service revenues $3,356,418 $3,013,005 $2,620,066
Other revenues:
Product and other revenues 529,835 492,245 476,969
Interest income 135,021 69,503 49,334
4,021,274 3,574,753 3,146,369
OPERATING EXPENSES –
Cost of services 2,326,196 2,068,795 1,800,324
Cost of other revenues 182,262 77,253 90,747
Selling, general and administrative 852,954 891,691 693,147
3,361,412 3,037,739 2,584,218
Operating income 659,862 537,014 562,151
Non-operating interest expense (46,920) (49,059) (62,367)
Other income, net 22,856 22,527 27,829
Income from continuing operations before income taxes 635,798 510,482 527,613
Income taxes 261,461 212,941 207,864
Net income from continuing operations 374,337 297,541 319,749
Net income (loss) from discontinued operations (including impairment of assets held for sale of $350,878 in
2007), net of tax (807,990) 192,867 304,161
NET INCOME (LOSS) $(433,653) $490,408 $623,910
m52
BASIC EARNINGS PER SHARE –
Net income from continuing operations $1.16 $0.91 $ 0.96
Net income (loss) from discontinued operations (2.50) 0.58 0.92
Net income (loss) $(1.34) $1.49 $ 1.88
DILUTED EARNINGS PER SHARE –
Net income from continuing operations $1.15 $0.89 $ 0.95
Net income (loss) from discontinued operations (2.48) 0.58 0.90
Net income (loss) $(1.33) $1.47 $ 1.85
COMPREHENSIVE INCOME (LOSS) –
Net income (loss) $(433,653) $490,408 $623,910
Unrealized gains (losses) on securities, net of taxes:
Unrealized holding gains (losses) arising during the period, net of taxes of $(5,072), $13,585 and
$36,670 (8,151) 22,059 59,409
Reclassification adjustment for gains included in income, net of taxes of $11,120, $40,846 and $40,661 (18,001) (66,188) (65,848)
Change in foreign currency translation adjustments 2,884 (2,641) 8,946
$(456,921) $443,638 $ 626,417
See accompanying notes to consolidated financial statements.
H&R BLOCK 2007 Form 10K