HR Block 2012 Annual Report Download - page 52

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CONSOLIDATED STATEMENTS OF INCOME
AND COMPREHENSIVE INCOME
(in 000s, except per share amounts)
Year ended April 30, 2012 2011 2010
REVENUES:
Service revenues $2,434,307 $2,428,104 $2,407,548
Product and other revenues 359,664 383,216 488,927
Interest income 99,800 133,660 118,360
2,893,771 2,944,980 3,014,835
OPERATING EXPENSES:
Cost of revenues:
Compensation and benefits 828,773 830,980 855,445
Occupancy and equipment 381,200 385,515 409,666
Provision for bad debt and loan losses 92,157 174,626 152,465
Interest 92,089 94,183 89,830
Depreciation and amortization of property and equipment 69,310 73,183 75,751
Other 238,166 218,295 237,260
1,701,695 1,776,782 1,820,417
Impairment of goodwill 7,409 22,700 –
Selling, general and administrative 618,375 529,159 480,604
2,327,479 2,328,641 2,301,021
Operating income 566,292 616,339 713,814
Other income, net 9,778 11,364 9,600
Income from continuing operations before income taxes 576,070 627,703 723,414
Income taxes 230,102 235,156 268,291
Net income from continuing operations 345,968 392,547 455,123
Net income (loss) from discontinued operations (80,036) 13,563 24,119
NET INCOME $ 265,932 $ 406,110 $ 479,242
BASIC EARNINGS (LOSS) PER SHARE:
Net income from continuing operations $ 1.16 $ 1.27 $ 1.37
Net income (loss) from discontinued operations (0.27) 0.04 0.07
Net income $ 0.89 $ 1.31 $ 1.44
DILUTED EARNINGS (LOSS) PER SHARE:
Net income from continuing operations $ 1.16 $ 1.27 $ 1.36
Net income (loss) from discontinued operations (0.27) 0.04 0.07
Net income $ 0.89 $ 1.31 $ 1.43
COMPREHENSIVE INCOME:
Net income $ 265,932 $ 406,110 $ 479,242
Unrealized gains on securities, net of taxes:
Unrealized holding gains arising during the year,
net of taxes of $2,121, $58 and $188 3,192 73 274
Reclassification adjustment for gains (losses) included in income,
net of taxes of $58, ($133) and $811 (94) 55 (1,399)
Change in foreign currency translation adjustments (2,186) 9,427 14,442
Other comprehensive income 912 9,555 13,317
Comprehensive income $ 266,844 $ 415,665 $ 492,559
See accompanying notes to consolidated financial statements.
38
H&R BLOCK 2012 Form 10K