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46 2014 Form 10-K | H&R Block, Inc.
CONSOLIDATED BALANCE SHEETS (in 000s, except share and
per share amounts)
As of April 30, 2014 2013
ASSETS
Cash and cash equivalents $ 2,185,307 $ 1,747,584
Cash and cash equivalents - restricted 115,319 117,837
Receivables, less allowance for doubtful accounts
of $52,578 and $50,399 191,618 206,835
Prepaid expenses and other current assets 198,267 390,087
Investments in available-for-sale securities 423,495 —
Total current assets 3,114,006 2,462,343
Mortgage loans held for investment, less allowance for loan losses
of $11,272 and $14,314 268,428 338,789
Investments in available-for-sale securities 4,329 486,876
Property and equipment, at cost less accumulated depreciation and
amortization of $446,049 and $420,318 304,911 267,880
Intangible assets, net 355,622 284,439
Goodwill 436,117 434,782
Other assets 210,116 262,670
Total assets $ 4,693,529 $ 4,537,779
LIABILITIES AND STOCKHOLDERS' EQUITY
LIABILITIES:
Customer banking deposits $ 769,785 $ 936,464
Accounts payable, accrued expenses and other current liabilities 569,007 523,921
Accrued salaries, wages and payroll taxes 167,032 134,970
Accrued income taxes 406,655 416,128
Current portion of long-term debt 400,637 722
Total current liabilities 2,313,116 2,012,205
Long-term debt 505,837 905,958
Other noncurrent liabilities 318,027 356,069
Total liabilities 3,136,980 3,274,232
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 3,166 3,166
Convertible preferred stock, no par, stated value $0.01 per share,
500,000 shares authorized ——
Additional paid-in capital 766,654 752,483
Accumulated other comprehensive income 5,177 10,550
Retained earnings 1,589,297 1,333,445
Less treasury shares, at cost (807,745) (836,097)
Total stockholders' equity 1,556,549 1,263,547
Total liabilities and stockholders' equity $ 4,693,529 $ 4,537,779
See accompanying notes to consolidated financial statements.