HR Block 2007 Annual Report Download - page 81

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CONSOLIDATED BALANCE SHEETS
(in 000s, except share and per share amounts)
April 30, 2007 2006
ASSETS
CURRENT ASSETS –
Cash and cash equivalents $921,838 $673,827
Cash and cash equivalents –restricted 332,646 385,439
Receivables from customers, brokers, dealers and clearing organizations, less allowance
for doubtful accounts of $2,292 and $1,783 410,522 496,577
Receivables, less allowance for doubtful accounts of $99,259 and $64,433 556,255 475,296
Prepaid expenses and other current assets 208,564 152,468
Current assets of discontinued operations, held for sale 1,024,467 604,829
Total current assets 3,454,292 2,788,436
Mortgage loans held for investment, less allowance for loan losses of $3,448 1,358,222 –
Property and equipment, at cost less accumulated depreciation and amortization of $647,151 and $622,693 379,066 343,706
Intangible assets, net 181,413 210,325
Goodwill 993,919 941,324
Other assets 410,089 367,920
Noncurrent assets of discontinued operations, held for sale 722,492 1,337,424
Total assets $7,499,493 $5,989,135
LIABILITIES AND STOCKHOLDERS’ EQUITY
LIABILITIES –
Commercial paper and other short-term borrowings $1,567,082 $–
Customer banking deposits 1,129,263 –
Accounts payable to customers, brokers and dealers 633,189 781,303
53 m
Accounts payable, accrued expenses and other current liabilities 519,372 610,029
Accrued salaries, wages and payroll taxes 307,854 269,151
Accrued income taxes 394,915 505,690
Current portion of long-term debt 9,304 506,992
Current liabilities of discontinued operations, held for sale 615,373 220,271
Total current liabilities 5,176,352 2,893,436
Long-term debt 519,807 417,262
Other noncurrent liabilities 388,835 530,638
Total liabilities 6,084,994 3,841,336
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY –
Common stock, no par, stated value $0.01 per share, 800,000,000 shares
authorized, 435,890,796 shares issued at April 30, 2007 and 2006 4,359 4,359
Convertible preferred stock, no par, stated value $0.01 per share, 500,000 shares authorized ––
Additional paid-in capital 676,766 653,053
Accumulated other comprehensive income (loss) (1,320) 21,948
Retained earnings 2,886,440 3,492,059
Less treasury shares, at cost (2,151,746) (2,023,620)
Total stockholders’ equity 1,414,499 2,147,799
Total liabilities and stockholders’ equity $7,499,493 $5,989,135
See accompanying notes to consolidated financial statements.
H&R BLOCK 2007 Form 10K