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70 2016 Form 10-K | H&R Block, Inc.
Year ended April 30, 2014
H&R Block, Inc.
(Guarantor)
Block Financial
(Issuer)
Other
Subsidiaries Eliminations
Consolidated
H&R Block
Total revenues $ — $ 235,075 $ 2,795,562 $ (6,342) $ 3,024,295
Cost of revenues — 124,887 1,453,832 (6,342) 1,572,377
Selling, general and administrative — 22,505 610,923 — 633,428
Total operating expenses — 147,392 2,064,755 (6,342) 2,205,805
Other income 478,866 20,925 5,580 (469,056) 36,315
Interest expense on external
borrowings — (54,892) (387) — (55,279)
Other expenses — (12,888) (19,522) — (32,410)
Income from continuing operations
before taxes 478,866 40,828 716,478 (469,056) 767,116
Income taxes 3,709 10,551 252,759 — 267,019
Net income from continuing
operations 475,157 30,277 463,719 (469,056) 500,097
Net loss from discontinued
operations — (23,771) (1,169) — (24,940)
Net income 475,157 6,506 462,550 (469,056) 475,157
Other comprehensive loss (5,373) (2,012) (5,373) 7,385 (5,373)
Comprehensive income $ 469,784 $ 4,494 $ 457,177 $ (461,671) $ 469,784