HR Block 2010 Annual Report Download - page 54

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CONSOLIDATED STATEMENTS OF OPERATIONS
AND COMPREHENSIVE INCOME (LOSS)
(in 000s, except per share amounts)
Year Ended April 30, 2010 2009 2008
REVENUES:
Service revenues $3,231,487 $3,437,906 $3,393,906
Product and other revenues 520,440 491,155 541,166
Interest income 122,405 154,516 151,558
3,874,332 4,083,577 4,086,630
OPERATING EXPENSES:
Cost of revenues 2,467,996 2,596,218 2,588,193
Selling, general and administrative 631,499 648,490 788,898
3,099,495 3,244,708 3,377,091
Operating income 774,837 838,869 709,539
Other income, net 9,298 501 25,532
Income from continuing operations before income taxes 784,135 839,370 735,071
Income taxes 295,189 326,315 289,124
Net income from continuing operations 488,946 513,055 445,947
Net loss from discontinued operations (9,704) (27,382) (754,594)
NET INCOME (LOSS) $ 479,242 $ 485,673 $ (308,647)
BASIC EARNINGS (LOSS) PER SHARE:
Net income from continuing operations $ 1.47 $ 1.53 $ 1.37
Net loss from discontinued operations (0.03) (0.08) (2.32)
Net income (loss) $ 1.44 $ 1.45 $ (0.95)
DILUTED EARNINGS (LOSS) PER SHARE:
Net income from continuing operations $ 1.46 $ 1.53 $ 1.35
Net loss from discontinued operations (0.03) (0.08) (2.30)
Net income (loss) $ 1.43 $ 1.45 $ (0.95)
COMPREHENSIVE INCOME (LOSS):
Net income (loss) $ 479,242 $ 485,673 $ (308,647)
Unrealized gains (losses) on securities, net of taxes:
Unrealized holding gains (losses) arising during the year,
net of taxes of $188, $(1,736) and $2,683 274 (2,836) 4,402
Reclassification adjustment for gains included in income,
net of taxes of $811, $762 and $130 (1,399) (1,164) (205)
Change in foreign currency translation adjustments 14,442 (10,125) (391)
Comprehensive income (loss) $ 492,559 $ 471,548 $ (304,841)
See accompanying notes to consolidated financial statements.
38 H&R BLOCK 2010 Form 10K