HR Block 2008 Annual Report Download - page 99

Download and view the complete annual report

Please find page 99 of the 2008 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 112

  • 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

NOTE 21: QUARTERLY FINANCIAL DATA (UNAUDITED)
At April 30, 2008, we met the criteria requiring us to present the related financial results of OOMC, HRBMC and
other smaller businesses as discontinued operations in the consolidated financial statements. All periods
presented reflect our discontinued operations. See additional discussion in note 19.
Fiscal Year 2008 Apr 30, 2008 Jan 31, 2008 Oct 31, 2007 Jul 31, 2007
(in 000s, except per share amounts)
Revenues $ 4,403,877 $ 2,615,233 $ 972,611 $ 434,824 $ 381,209
Income (loss) from continuing
operations before taxes (benefit) 745,221 1,148,418 4,119 (223,736) (183,580)
Income taxes (benefit) 290,745 457,298 (5,165) (87,631) (73,757)
Net income (loss) from continuing
operations 454,476 691,120 9,284 (136,105) (109,823)
Net loss from discontinued
operations (763,123) (147,558) (56,642) (366,166) (192,757)
Net income (loss) $ (308,647) $ 543,562 $ (47,358) $ (502,271) $ (302,580)
Basic earnings (loss) per share:
Net income (loss) from continuing
operations $ 1.40 $ 2.12 $ 0.03 $ (0.42) $ (0.34)
Net loss from discontinued
operations (2.35) (0.45) (0.18) (1.13) (0.59)
Net income (loss) $ (0.95) $ 1.67 $ (0.15) $ (1.55) $ (0.93)
Diluted earnings (loss) per share:
Net income (loss) from continuing
operations $ 1.39 $ 2.11 $ 0.03 $ (0.42) $ (0.34)
Net loss from discontinued
operations (2.33) (0.45) (0.17) (1.13) (0.59)
Net income (loss) $ (0.94) $ 1.66 $ (0.14) $ (1.55) $ (0.93)
Fiscal Year 2007 Apr 30, 2007 Jan 31, 2007 Oct 31, 2006 Jul 31, 2006
Revenues $4,021,274 $2,351,242 $931,179 $ 396,083 $ 342,770
Income (loss) from continuing
operations before taxes (benefit) 635,798 1,006,266 22,125 (198,619) (193,974)
Income taxes (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 from discontinued
operations (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) from continuing
operations $ 1.16 $ 1.83 $ 0.07 $ (0.38) $ (0.36)
Net loss from 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) from continuing
operations $ 1.15 $ 1.81 $ 0.07 $ (0.38) $ (0.36)
Net loss from discontinued
operations (2.48) (2.07) (0.25) (0.11) (0.05)
Net loss $ (1.33) $ (0.26) $ (0.18) $ (0.49) $ (0.41)
The accumulation of four quarters in fiscal years 2008 and 2007 for earnings per share may not equal the related
per share amounts for the years ended April 30, 2008 and 2007 due to 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.
H&R BLOCK 2008 Form 10K 79