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88 2014 Form 10-K | H&R Block, Inc.
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS (in 000s)
Year ended April 30, 2014 H&R Block, Inc.
(Guarantor) Block Financial
(Issuer) Other
Subsidiaries Eliminations Consolidated
H&R Block
Net cash provided by operating activities: $ — $ 35,034 $ 774,547 $ — $ 809,581
Cash flows from investing:
Purchases of AFS securities — (45,158) — — (45,158)
Sales, maturities and payments received on
AFS securities — 106,873 228 — 107,101
Mortgage loans held for investment, net — 46,664 — — 46,664
Capital expenditures — (75) (146,936) — (147,011)
Payments for business acquisitions, net — — (68,428) — (68,428)
Proceeds from sales of businesses, net — — 942 — 942
Proceeds from notes receivable — — 64,865 — 64,865
Franchise loans funded — (63,960) — — (63,960)
Payments received on franchise loans — 87,220 — — 87,220
Intercompany borrowings (payments) — 33,497 (196,840) 163,343 —
Other, net — 19,746 8,709 — 28,455
Net cash provided by (used in) investing
activities — 184,807 (337,460) 163,343 10,690
Cash flows from financing:
Repayments of short-term borrowings — (316,000) — — (316,000)
Proceeds from short-term borrowings — 316,000 — — 316,000
Customer banking deposits, net — (165,575) — 1,623 (163,952)
Dividends paid (218,980) — — — (218,980)
Repurchase of common stock (6,106) — — — (6,106)
Proceeds from exercise of stock options 28,246 — — — 28,246
Intercompany borrowings (payments) 196,840 — (33,497) (163,343) —
Other, net — — (4,138) — (4,138)
Net cash used in financing activities — (165,575) (37,635) (161,720) (364,930)
Effects of exchange rate changes on cash — — (17,618) — (17,618)
Net increase in cash — 54,266 381,834 1,623 437,723
Cash - beginning of the year — 558,110 1,192,197 (2,723) 1,747,584
Cash - end of the year $ — $ 612,376 $ 1,574,031 $ (1,100) $ 2,185,307