HR Block 2013 Annual Report Download - page 54

Download and view the complete annual report

Please find page 54 of the 2013 HR Block annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 114

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114

H&R Block 2013 Form 10-K 47
CONSOLIDATED BALANCE SHEETS (in 000s, except share and
per share amounts)
As of April 30, 2013 2012
ASSETS
Cash and cash equivalents $1,747,584 $1,944,334
Cash and cash equivalents — restricted 117,837 48,100
Receivables, less allowance for doubtful accounts
of $50,399 and $44,589 206,835 193,858
Prepaid expenses and other current assets 390,087 314,702
Total current assets 2,462,343 2,500,994
Mortgage loans held for investment, less allowance for loan losses
of $14,314 and $26,540 338,789 406,201
Investments in available-for-sale securities 486,876 371,315
Property and equipment, at cost less accumulated depreciation and
amortization of $420,318 and $529,841 267,880 240,772
Intangible assets, net 284,439 276,664
Goodwill 434,782 427,566
Other assets 262,670 426,055
Total assets $4,537,779 $4,649,567
LIABILITIES AND STOCKHOLDERS’ EQUITY
LIABILITIES:
Customer banking deposits $ 936,464 $ 827,549
Accounts payable, accrued expenses and other current liabilities 523,921 567,079
Accrued salaries, wages and payroll taxes 134,970 163,992
Accrued income taxes 416,128 336,374
Current portion of long-term debt 722 631,434
Total current liabilities 2,012,205 2,526,428
Long-term debt 905,958 409,115
Other noncurrent liabilities 356,069 388,132
Total liabilities 3,274,232 3,323,675
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY:
Common stock, no par, stated value $.01 per share, 800,000,000 shares
authorized, shares issued of 316,628,110 and 397,886,599 3,166 3,979
Convertible preferred stock, no par, stated value $0.01 per share,
500,000 shares authorized ——
Additional paid-in capital 752,483 796,784
Accumulated other comprehensive income 10,550 12,145
Retained earnings 1,333,445 2,523,997
Less treasury shares, at cost (836,097)(2,011,013)
Total stockholders’ equity 1,263,547 1,325,892
Total liabilities and stockholders’ equity $4,537,779 $4,649,567
See accompanying notes to consolidated financial statements.