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74 2016 Form 10-K | H&R Block, Inc.
Year ended April 30, 2015
H&R Block, Inc.
(Guarantor)
Block Financial
(Issuer)
Other
Subsidiaries Eliminations
Consolidated
H&R Block
Net cash provided by operating activities: $ — $ 15,456 $ 611,152 $ — $ 626,608
Cash flows from investing:
Purchases of AFS securities — (90,381) (200) — (90,581)
Sales, maturities and payments received on
AFS securities — 87,922 3,956 — 91,878
Mortgage loans held for investment, net — 23,886 — — 23,886
Capital expenditures — (224) (122,934) — (123,158)
Payments for business acquisitions, net — — (113,252) — (113,252)
Franchise loans funded — (49,220) (475) — (49,695)
Payments received on franchise loans — 90,199 437 — 90,636
Intercompany borrowings (payments) — 134,094 (285,049) 150,955 —
Other, net — 12,011 9,343 — 21,354
Net cash provided by (used in) investing
activities — 208,287 (508,174) 150,955 (148,932)
Cash flows from financing:
Repayments of short-term borrowings — (1,049,136) — — (1,049,136)
Proceeds from short-term borrowings — 1,049,136 — — 1,049,136
Repayments of long-term debt — (400,000) — — (400,000)
Customer banking deposits, net — (29,204) — 660 (28,544)
Dividends paid (219,960) — — — (219,960)
Repurchase of common stock (10,449) — — — (10,449)
Proceeds from exercise of stock options 16,522 — — — 16,522
Intercompany borrowings (payments) 213,887 71,162 (134,094) (150,955) —
Other, net — — (3,376) — (3,376)
Net cash used in financing activities — (358,042) (137,470) (150,295) (645,807)
Effects of exchange rate changes on cash — — (9,986) — (9,986)
Net decrease in cash — (134,299) (44,478) 660 (178,117)
Cash - beginning of the year — 612,376 1,574,031 (1,100) 2,185,307
Cash - end of the year $ — $ 478,077 $ 1,529,553 $ (440) $ 2,007,190