HR Block 2012 Annual Report Download - page 93

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CORPORATE AND ELIMINATIONS – Results include net interest margin and gains or losses relating to
mortgage loans held for investment, real estate owned and residual interests in securitizations, along with
interest expense on borrowings and other corporate expenses.
IDENTIFIABLE ASSETS – Identifiable assets are those assets, including goodwill and intangible assets,
associated with a reportable segment. The remaining assets are classified as Corporate assets, which consist
primarily of cash and mortgage loans held for investment. The carrying value of assets held outside the U.S.
totaled $201.8 million, $206.3 million and $166.8 million at April 30, 2012, 2011 and 2010, respectively.
Information concerning the Company’s operations by reportable segment is as follows:
(in 000s)
Year ended April 30, 2012 2011 2010
REVENUES :
Tax Services $2,862,378 $2,912,361 $2,975,252
Corporate and eliminations 31,393 32,619 39,583
$2,893,771 $2,944,980 $3,014,835
INCOME (LOSS) FROM CONTINUING OPERATIONS
BEFORE TAXES :
Tax Services $ 704,002 $ 767,498 $ 867,362
Corporate and eliminations (127,932) (139,795) (143,948)
$ 576,070 $ 627,703 $ 723,414
IDENTIFIABLE ASSETS :
Tax Services $2,298,484 $2,267,236 $2,279,161
Corporate 2,351,083 2,121,889 2,139,334
Assets held for sale –900,328 853,217
$4,649,567 $5,289,453 $5,271,712
NOTE 23: QUARTERLY FINANCIAL DATA (UNAUDITED)
(in 000s, except per share amounts)
Fiscal Year 2012 Apr 30, 2012 Jan 31, 2012 Oct 31, 2011 Jul 31, 2011
Revenues $ 2,893,771 $ 2,000,674 $ 663,280 $ 129,194 $ 100,623
Income (loss) from continuing operations before
taxes (benefit) $ 576,070 $ 981,626 $ (1,026) $ (203,929) $ (200,601)
Income taxes (benefit) 230,102 389,923 2,541 (80,916) (81,446)
Net income (loss) from continuing operations 345,968 591,703 (3,567) (123,013) (119,155)
Net income (loss) from discontinued operations (80,036) (5,600) 218 (18,711) (55,943)
Net income (loss) $ 265,932 $ 586,103 $ (3,349) $ (141,724) $ (175,098)
Basic earnings (loss) per share:
Net income (loss) from continuing operations $ 1.16 $ 2.02 $ (0.01) $ (0.41) $ (0.39)
Net loss from discontinued operations (0.27) (0.02) – (0.06) (0.18)
Net income (loss) $ 0.89 $ 2.00 $ (0.01) $ (0.47) $ (0.57)
Diluted earnings (loss) per share:
Net income (loss) from continuing operations $ 1.16 $ 2.01 $ (0.01) $ (0.41) $ (0.39)
Net loss from discontinued operations (0.27) (0.02) – (0.06) (0.18)
Net income (loss) $ 0.89 $ 1.99 $ (0.01) $ (0.47) $ (0.57)
H&R BLOCK 2012 Form 10K
79