HR Block 2012 Annual Report Download - page 95

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CONDENSED CONSOLIDATING INCOME STATEMENTS
(in 000s)
Year ended April 30, 2012
H&R Block, Inc.
(Guarantor)
Block Financial
(Issuer)
Other
Subsidiaries Eliminations
Consolidated
H&R Block
Total revenues $ – $ 234,925 $ 2,666,267 $ (7,421) $ 2,893,771
Cost of revenues – 221,988 1,487,128 (7,421) 1,701,695
Selling, general and administrative – 24,730 601,054 – 625,784
Total expenses – 246,718 2,088,182 (7,421) 2,327,479
Operating income (loss) – (11,793) 578,085 – 566,292
Other income, net 576,070 8,686 1,092 (576,070) 9,778
Income (loss) from continuing operations before
taxes (benefit) 576,070 (3,107) 579,177 (576,070) 576,070
Income taxes (benefit) 230,102 (1,191) 231,293 (230,102) 230,102
Net income (loss) from continuing operations 345,968 (1,916) 347,884 (345,968) 345,968
Net loss from discontinued operations (80,036) (40,172) (39,864) 80,036 (80,036)
Net income (loss) 265,932 (42,088) 308,020 (265,932) 265,932
Other comprehensive income (loss) 912 3,085 (2,173) (912) 912
Comprehensive income (loss) $ 266,844 $ (39,003) $ 305,847 $ (266,844) $ 266,844
Year ended April 30, 2011
H&R Block, Inc.
(Guarantor)
Block Financial
(Issuer)
Other
Subsidiaries Eliminations
Consolidated
H&R Block
Total revenues $ – $ 251,521 $ 2,693,459 $ – $ 2,944,980
Cost of revenues – 277,099 1,499,683 – 1,776,782
Selling, general and administrative – 31,914 519,945 – 551,859
Total expenses – 309,013 2,019,628 – 2,328,641
Operating income (loss) – (57,492) 673,831 – 616,339
Other income, net 627,703 5,503 5,861 (627,703) 11,364
Income (loss) from continuing operations before
taxes (benefit) 627,703 (51,989) 679,692 (627,703) 627,703
Income taxes (benefit) 235,156 (27,774) 262,930 (235,156) 235,156
Net income (loss) from continuing operations 392,547 (24,215) 416,762 (392,547) 392,547
Net income (loss) from discontinued operations 13,563 (12,417) 25,980 (13,563) 13,563
Net income (loss) 406,110 (36,632) 442,742 (406,110) 406,110
Other comprehensive income 9,555 163 9,392 (9,555) 9,555
Comprehensive income (loss) $ 415,665 $ (36,469) $ 452,134 $ (415,665) $ 415,665
Year ended April 30, 2010
H&R Block, Inc.
(Guarantor)
Block Financial
(Issuer)
Other
Subsidiaries Eliminations
Consolidated
H&R Block
Total revenues $ – $ 271,704 $ 2,743,224 $ (93) $ 3,014,835
Cost of revenues – 257,245 1,563,289 (117) 1,820,417
Selling, general and administrative – 36,946 443,751 (93) 480,604
Total expenses – 294,191 2,007,040 (210) 2,301,021
Operating income (loss) – (22,487) 736,184 117 713,814
Other income, net 723,414 5,644 4,073 (723,531) 9,600
Income (loss) from continuing operations before
taxes (benefit) 723,414 (16,843) 740,257 (723,414) 723,414
Income taxes (benefit) 268,291 (6,368) 274,659 (268,291) 268,291
Net income (loss) from continuing operations 455,123 (10,475) 465,598 (455,123) 455,123
Net income (loss) from discontinued operations 24,119 (5,276) 29,395 (24,119) 24,119
Net income (loss) 479,242 (15,751) 494,993 (479,242) 479,242
Other comprehensive income (loss) 13,317 (1,107) 14,424 (13,317) 13,317
Comprehensive income (loss) $ 492,559 $ (16,858) $ 509,417 $ (492,559) $ 492,559
H&R BLOCK 2012 Form 10K
81