HR Block 2009 Annual Report Download - page 80

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April 30, 2008
H&R Block, Inc.
(Guarantor)
BFC
(Issuer)
Other
Subsidiaries Elims
Consolidated
H&R Block
Cash & cash equivalents $ – $ 34,611 $ 630,933 $ (647) $ 664,897
Cash & cash equivalents – restricted – 6,214 817 – 7,031
Receivables, net 139 122,756 411,334 – 534,229
Mortgage loans held for investment, net – 966,301 – – 966,301
Intangible assets and goodwill, net – – 978,682 – 978,682
Investments in subsidiaries 4,131,345 – 322 (4,131,345) 322
Assets of discontinued operations – 987,592 – – 987,592
Other assets – 514,463 969,896 12 1,484,371
Total assets $4,131,484 $2,631,937 $ 2,991,984 $(4,131,980) $5,623,425
Customer deposits $ – $ 786,271 $ – $ (647) $ 785,624
Long-term debt – 997,885 33,899 – 1,031,784
FHLB borrowings – 129,000 – – 129,000
Liabilities of discontinued operations – 644,446 – – 644,446
Other liabilities 2 466,236 1,578,464 51 2,044,753
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
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
(in 000s)
Year Ended April 30, 2009
H&R Block, Inc.
(Guarantor)
BFC
(Issuer)
Other
Subsidiaries Elims
Consolidated
H&R Block
Net cash provided by (used in) operating
activities: $ 3,835 $ (13,225) $ 1,033,829 $ – $ 1,024,439
Cash flows from investing:
Mortgage loans held for investment, net – 91,329 – – 91,329
Purchases of property & equipment – (43) (97,837) – (97,880)
Payments for business acquisitions – – (293,805) – (293,805)
Net intercompany advances 73,820 – – (73,820) –
Investing cash flows of discontinued
operations – 255,066 – – 255,066
Other, net – 17,598 33,252 – 50,850
Net cash provided by (used in) investing activities 73,820 363,950 (358,390) (73,820) 5,560
Cash flows from financing:
Repayments of short-term borrowings – (4,762,294) – – (4,762,294)
Proceeds from short-term borrowings – 4,733,294 – – 4,733,294
Customer banking deposits, net – 69,932 – (5,575) 64,357
Dividends paid (198,685) – – – (198,685)
Acquisition of treasury shares (106,189) – – – (106,189)
Proceeds from issuance of common stock 141,415 – – – 141,415
Proceeds from stock options 71,594 – – – 71,594
Net intercompany advances – (199,032) 125,212 73,820 –
Financing cash flows of discontinued
operations – 4,783 – – 4,783
Other, net 14,210 9,331 (12,049) – 11,492
Net cash provided by (used in) financing activities (77,655) (143,986) 113,163 68,245 (40,233)
Net increase in cash – 206,739 788,602 (5,575) 989,766
Cash – beginning of the year – 34,611 630,933 (647) 664,897
Cash – end of the year $ – $ 241,350 $ 1,419,535 $ (6,222) $ 1,654,663
76 H&R BLOCK 2009 Form 10K