HR Block 2008 Annual Report Download - page 101

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Year Ended April 30, 2006
H&R Block, Inc.
(Guarantor)
BFC
(Issuer)
Other
Subsidiaries Elims
Consolidated
H&R Block
Total revenues $ – $ 771,178 $ 2,820,183 $ (16,608) $ 3,574,753
Cost of services – 209,755 1,868,962 (620) 2,078,097
Cost of other revenues – 42,580 34,673 – 77,253
Selling, general and administrative – 296,514 593,508 (7,633) 882,389
Total expenses – 548,849 2,497,143 (8,253) 3,037,739
Operating income – 222,329 323,040 (8,355) 537,014
Interest expense – (47,242) (1,817) – (49,059)
Other income, net 510,482 – 22,527 (510,482) 22,527
Income from continuing operations before taxes 510,482 175,087 343,750 (518,837) 510,482
Income taxes 212,941 75,043 141,188 (216,231) 212,941
Net income from continuing operations 297,541 100,044 202,562 (302,606) 297,541
Net income (loss) from discontinued operations 192,867 203,245 (15,162) (188,083) 192,867
Net income $ 490,408 $ 303,289 $ 187,400 $ (490,689) $ 490,408
CONDENSED CONSOLIDATING BALANCE SHEETS
(in 000s)
April 30, 2008
H&R Block, Inc.
(Guarantor)
BFC
(Issuer)
Other
Subsidiaries Elims
Consolidated
H&R Block
Cash & cash equivalents $ – $ 96,559 $ 630,933 $ (647) $ 726,845
Cash & cash equivalents - restricted – 218,214 817 –219,031
Receivables from customers, brokers and
dealers, net – 438,899 ––438,899
Receivables, net 139 141,398 411,334 –552,871
Mortgage loans held for investment – 966,301 ––966,301
Intangible assets and goodwill, net – 173,954 978,682 –1,152,636
Investments in subsidiaries 4,131,345 –322 (4,131,345) 322
Other assets – 596,612 969,896 12 1,566,520
Total assets $ 4,131,484 $ 2,631,937 $ 2,991,984 $ (4,131,980) $ 5,623,425
Short-term borrowings $ – $ 25,000 $ – $ – $ 25,000
Customer deposits – 786,271 –(647) 785,624
Accts. payable to customers, brokers and
dealers – 559,658 ––559,658
Long-term debt – 1,101,885 41,185 –1,143,070
Other liabilities 2 551,024 1,571,178 51 2,122,255
Net intercompany advances 3,143,664 (632,522) (2,511,103) (39) –
Stockholders’ equity 987,818 240,621 3,890,724 (4,131,345) 987,818
Total liabilities and stockholders’ equity $ 4,131,484 $ 2,631,937 $ 2,991,984 $ (4,131,980) $ 5,623,425
H&R BLOCK 2008 Form 10K 81