HR Block 2010 Annual Report Download - page 87

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April 30, 2009
H&R Block, Inc.
(Guarantor)
BFC
(Issuer)
Other
Subsidiaries Elims
Consolidated
H&R Block
Cash & cash equivalents $ – $ 241,350 $ 1,419,535 $ (6,222) $1,654,663
Cash & cash equivalents — restricted – 4,303 47,353 – 51,656
Receivables, net 38 114,442 398,334 – 512,814
Mortgage loans held for investment, net – 744,899 – – 744,899
Intangible assets and goodwill, net – – 1,236,228 – 1,236,228
Investments in subsidiaries 3,289,435 – 194 (3,289,435) 194
Other assets – 308,481 850,787 – 1,159,268
Total assets $3,289,473 $1,413,475 $ 3,952,431 $(3,295,657) $5,359,722
Customer deposits $ – $ 861,110 $ – $ (6,222) $ 854,888
Long-term debt – 998,245 33,877 – 1,032,122
FHLB borrowings – 100,000 – – 100,000
Other liabilities 2 130,362 1,836,477 12 1,966,853
Net intercompany advances 1,883,612 (827,453) (1,056,147) (12) –
Stockholders’ equity 1,405,859 151,211 3,138,224 (3,289,435) 1,405,859
Total liabilities and stockholders’ equity $3,289,473 $1,413,475 $ 3,952,431 $(3,295,657) $5,359,722
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
(in 000s)
Year Ended April 30, 2010
H&R Block, Inc.
(Guarantor)
BFC
(Issuer)
Other
Subsidiaries Elims
Consolidated
H&R Block
Net cash provided by operating activities: $ 21,252 $ 16,698 $ 549,519 $ – $ 587,469
Cash flows from investing:
Mortgage loans held for investment, net – 72,832 – – 72,832
Purchases of property & equipment – – (90,515) – (90,515)
Payments for business acquisitions – – (10,539) – (10,539)
Net intercompany advances 415,591 – – (415,591) –
Other, net – 38,813 20,762 – 59,575
Net cash provided by (used in) investing activities 415,591 111,645 (80,292) (415,591) 31,353
Cash flows from financing:
Repayments of commercial paper – (1,406,013) – – (1,406,013)
Proceeds from commercial paper – 1,406,013 – – 1,406,013
Repayments of other borrowings – (4,267,727) (46) – (4,267,773)
Proceeds from other borrowings – 4,242,727 – – 4,242,727
Customer banking deposits, net – 11,428 – 6,111 17,539
Dividends paid (200,899) – – – (200,899)
Repurchase of common stock (254,250) – – – (254,250)
Proceeds from stock options 16,682 – – – 16,682
Net intercompany advances – 354,617 (770,208) 415,591 –
Other, net 1,624 (8,717) (28,051) – (35,144)
Net cash provided by (used in) financing activities (436,843) 332,328 (798,305) 421,702 (481,118)
Effects of exchange rates on cash – – 11,678 – 11,678
Net increase (decrease) in cash – 460,671 (317,400) 6,111 149,382
Cash – beginning of the year – 241,350 1,419,535 (6,222) 1,654,663
Cash – end of the year $ – $ 702,021 $1,102,135 $ (111) $ 1,804,045
H&R BLOCK 2010 Form 10K 71