Condensed Consolidating Financial Statements (Tables)

9 Months Ended

Jan. 31, 2012

Condensed Consolidating Financial Statements [Abstract]

Schedule Of Condensed Consolidating Statements Of Operations

Condensed Consolidating Statements of Operations

					(in 000s)
Three months ended January 31, 2012	H&R Block, Inc. (Guarantor)	BFC (Issuer)	Other Subsidiaries	Eliminations	Consolidated H&R Block
Total revenues	$ —	$ 65,604	$ 597,837	$ (161 )	$ 663,280
Cost of revenues	—	77,965	377,436	(161 )	455,240
Selling, general and administrative	—	9,705	202,031	—	211,736
Total expenses	—	87,670	579,467	(161 )	666,976
Operating income (loss)	—	(22,066 )	18,370	—	(3,696 )
Other income (expense), net	(1,026 )	1,301	1,369	1,026	2,670
Income (loss) from continuing operations before tax (benefit)	(1,026 )	(20,765 )	19,739	1,026	(1,026 )
Income tax (benefit)	2,541	12,036	(9,495 )	(2,541 )	2,541
Net income (loss) from continuing operations	(3,567 )	(32,801 )	29,234	3,567	(3,567 )
Net income (loss) from discontinued operations	218	(15,695 )	15,913	(218 )	218
Net income (loss)	$ (3,349 )	$ (48,496 )	$ 45,147	$ 3,349	$ (3,349 )

Three months ended January 31, 2011	H&R Block, Inc. (Guarantor)	BFC (Issuer)	Other Subsidiaries	Eliminations	Consolidated H&R Block
Total revenues	$ —	$ 74,103	$ 606,193	$ —	$ 680,296
Cost of revenues	—	118,708	376,176	—	494,884
Selling, general and administrative	—	10,220	203,119	—	213,339
Total expenses	—	128,928	579,295	—	708,223
Operating income (loss)	—	(54,825 )	26,898	—	(27,927 )
Other income (expense), net	(25,968 )	(521 )	2,480	25,968	1,959
Income (loss) from continuing operations before taxes (benefit)	(25,968 )	(55,346 )	29,378	25,968	(25,968 )
Income taxes (benefit)	(14,934 )	(26,783 )	11,849	14,934	(14,934 )
Net income (loss) from continuing operations	(11,034 )	(28,563 )	17,529	11,034	(11,034 )
Net income (loss) from discontinued operations	(1,687 )	(8,283 )	6,596	1,687	(1,687 )
Net income (loss)	$ (12,721 )	$ (36,846 )	$ 24,125	$ 12,721	$ (12,721 )

Nine months ended January 31, 2012	H&R Block, Inc. (Guarantor)	BFC (Issuer)	Other Subsidiaries	Eliminations	Consolidated H&R Block
Total revenues	$ —	$ 104,937	$ 788,321	$ (161 )	$ 893,097
Cost of revenues	—	152,605	742,993	(161 )	895,437
Selling, general and administrative	—	24,044	388,357	—	412,401
Total expenses	—	176,649	1,131,350	(161 )	1,307,838
Operating loss	—	(71,712 )	(343,029 )	—	(414,741 )
Other income (expense), net	(405,556 )	7,647	1,538	405,556	9,185
Loss from continuing operations before tax benefit	(405,556 )	(64,065 )	(341,491 )	405,556	(405,556 )
Income tax benefit	(159,821 )	(4,877 )	(154,944 )	159,821	(159,821 )
Net loss from continuing operations	(245,735 )	(59,188 )	(186,547 )	245,735	(245,735 )
Net loss from discontinued operations	(74,436 )	(36,398 )	(38,038 )	74,436	(74,436 )
Net loss	$ (320,171 )	$ (95,586 )	$ (224,585 )	$ 320,171	$ (320,171 )

Nine months ended January 31, 2011	H&R Block, Inc. (Guarantor)	BFC (Issuer)	Other Subsidiaries	Eliminations	Consolidated H&R Block
Total revenues	$ —	$ 112,423	$ 787,298	$ —	$ 899,721
Cost of revenues	—	193,695	758,839	—	952,534
Selling, general and administrative	—	21,689	351,212	—	372,901
Total expenses	—	215,384	1,110,051	—	1,325,435
Operating loss	—	(102,961 )	(322,753 )	—	(425,714 )
Other income (expense), net	(416,635 )	4,751	4,328	416,635	9,079
Loss from continuing operations before tax benefit	(416,635 )	(98,210 )	(318,425 )	416,635	(416,635 )
Income tax benefit	(166,349 )	(42,278 )	(124,071 )	166,349	(166,349 )
Net loss from continuing operations	(250,286 )	(55,932 )	(194,354 )	250,286	(250,286 )
Net income (loss) from discontinued operations	(2,165 )	(12,617 )	10,452	2,165	(2,165 )
Net loss	$ (252,451 )	$ (68,549 )	$ (183,902 )	$ 252,451	$ (252,451 )

Schedule Of Condensed Consolidating Balance Sheets

Condensed Consolidating Balance Sheets

					(in 000s)
As of January 31, 2012	H&R Block, Inc. (Guarantor)	BFC (Issuer)	Other Subsidiaries	Eliminations	Consolidated H&R Block
Cash & cash equivalents	$ —	$ 1,065,448	$ 153,825	$ (289 )	$ 1,218,984
Cash & cash equivalents – restricted	—	2,254	31,914	—	34,168
Receivables, net	63	502,231	533,608	—	1,035,902
Mortgage loans held for investment	—	430,189	—	—	430,189
Intangible assets and goodwill, net	—	—	701,743	—	701,743
Investments in subsidiaries	1,694,728	—	1,706	(1,694,728 )	1,706
Other assets	8,841	535,743	885,513	—	1,430,097
Total assets	$ 1,703,632	$ 2,535,865	$ 2,308,309	$ (1,695,017 )	$ 4,852,789
Customer deposits	$ —	$ 1,588,277	$ —	$ (289 )	$ 1,587,988
Long-term debt	—	999,235	41,002	—	1,040,237
Commercial paper borrowings	—	230,947	—	—	230,947
FHLB borrowings	—	25,000	—	—	25,000
Other liabilities	246	(108,361 )	1,270,283	—	1,162,168
Net intercompany advances	896,937	68,684	(965,621 )	—	—
Stockholders' equity	806,449	(267,917 )	1,962,645	(1,694,728 )	806,449
Total liabilities and stockholders' equity	$ 1,703,632	$ 2,535,865	$ 2,308,309	$ (1,695,017 )	$ 4,852,789

As of April 30, 2011	H&R Block, Inc. (Guarantor)	BFC (Issuer)	Other Subsidiaries	Eliminations	Consolidated H&R Block
Cash & cash equivalents	$ —	$ 616,238	$ 1,061,656	$ (50 )	$ 1,677,844
Cash & cash equivalents – restricted	—	9,522	38,861	—	48,383
Receivables, net	88	102,011	128,073	—	230,172
Mortgage loans held for investment, net	—	485,008	—	—	485,008
Intangible assets and goodwill, net	—	—	709,493	—	709,493
Investments in subsidiaries	2,699,555	—	32	(2,699,555 )	32
Assets held for sale	—	—	900,328	—	900,328
Other assets	13,613	469,461	755,119	—	1,238,193
Total assets	$ 2,713,256	$ 1,682,240	$ 3,593,562	$ (2,699,605 )	$ 5,289,453
Customer deposits	$ —	$ 852,270	$ —	$ (50 )	$ 852,220
Long–term debt	—	998,965	41,119	—	1,040,084
FHLB borrowings	—	25,000	—	—	25,000
Liabilities held for sale	—	—	241,562	—	241,562
Other liabilities	178	(26,769 )	1,707,604	—	1,681,013
Net intercompany advances	1,263,504	24,173	(1,287,677 )	—	—
Stockholders' equity	1,449,574	(191,399 )	2,890,954	(2,699,555 )	1,449,574
Total liabilities and stockholders'  equity	$ 2,713,256	$ 1,682,240	$ 3,593,562	$ (2,699,605 )	$ 5,289,453

Schedule Of Condensed Consolidating Statements Of Cash Flows

Condensed Consolidating Statements of Cash Flows

					(in 000s)
Nine months ended January 31, 2012	H&R Block, Inc. (Guarantor)	BFC (Issuer)	Other Subsidiaries	Eliminations	Consolidated H&R Block
Net cash provided by (used in) operating activities:	$ 8,193	$ (448,362 )	$ (942,602 )	$ —	$ (1,382,771 )
Cash flows from investing:
Purchases of available–for–sale securities	—	(178,014 )	—	—	(178,014 )
Mortgage loans originated for investment, net	—	35,460	—	—	35,460
Purchase property & equipment	—	(152 )	(71,397 )	—	(71,549 )
Payments made for business acquisitions, net	—	—	(16,022 )	—	(16,022 )
Proceeds from sale of businesses, net	—	—	533,055	—	533,055
Loans made to franchisees	—	(43,649 )	—	—	(43,649 )
Repayments from franchisees	—	8,455	—	—	8,455
Net intercompany advances	322,729	—	—	(322,729 )	—
Other, net	—	47,230	8,564	—	55,794
Net cash provided by (used in) investing activities	322,729	(130,670 )	454,200	(322,729 )	323,530
Cash flows from financing:
Repayments of commercial paper	—	(413,221 )	—	—	(413,221 )
Proceeds from commercial paper	—	644,168	—	—	644,168
Customer banking deposits	—	735,491	—	(239 )	735,252
Dividends paid	(150,058 )	—	—	—	(150,058 )
Repurchase of common stock	(180,566 )	—	—	—	(180,566 )
Proceeds from exercise of stock options, net	(324 )	—	—	—	(324 )
Net intercompany advances	—	61,747	(384,476 )	322,729	—
Other, net	26	57	(31,507 )	—	(31,424 )
Net cash provided by (used in) financing activities	(330,922 )	1,028,242	(415,983 )	322,490	603,827
Effects of exchange rates on cash	—	—	(3,446 )	—	(3,446 )
Net increase (decrease) in cash	—	449,210	(907,831 )	(239 )	(458,860 )
Cash – beginning of period	—	616,238	1,061,656	(50 )	1,677,844
Cash – end of period	$ —	$ 1,065,448	$ 153,825	$ (289 )	$  1,218,984

Nine months ended January 31, 2011	H&R Block, Inc. (Guarantor)	BFC (Issuer)	Other Subsidiaries	Eliminations	Consolidated H&R Block
Net cash used in operating activities:	$ (43,026 )	$ (725,197 )	$ (737,195 )	$ —	$ (1,505,418 )
Cash flows from investing:
Mortgage loans originated for investment, net	—	45,316	—	—	45,316
Purchase property & equipment	—	—	(51,198 )	—	(51,198 )
Payments made for business acquisitions, net	—	—	(50,832 )	—	(50,832 )
Proceeds from sale of businesses, net	—	—	62,298	—	62,298
Loans made to franchisees	—	(90,304 )	—	—	(90,304 )
Repayments from franchisees	—	9,926	—	—	9,926
Net intercompany advances	467,873	—	—	(467,873 )	—
Other, net	—	28,612	10,039	—	38,651
Net cash provided by (used in) investing activities	467,873	(6,450 )	(29,693 )	(467,873 )	(36,143 )
Cash flows from financing:
Repayments of short-term borrowings	—	(2,654,653 )	—	—	(2,654,653 )
Proceeds from short-term borrowings	—	3,286,603	—	—	3,286,603
Customer banking deposits	—	1,003,482	—	(1,208 )	1,002,274
Dividends paid	(140,926 )	—	—	—	(140,926 )
Repurchase of common stock	(283,494 )	—	—	—	(283,494 )
Proceeds from exercise of stock options	(866 )	—	—	—	(866 )
Net intercompany advances	—	(315,752 )	(152,121 )	467,873	—
Other, net	439	(365 )	(10,136 )	—	(10,062 )
Net cash provided by (used in) financing activities	(424,847 )	1,319,315	(162,257 )	466,665	1,198,876
Effects of exchange rates on cash	—	—	4,330	—	4,330
Net increase (decrease) in cash	—	587,668	(924,815 )	(1,208 )	(338,355 )
Cash – beginning of period	—	702,021	1,102,135	(111 )	1,804,045
Cash – end of period	$ —	$ 1,289,689	$ 177,320	$ (1,319 )	$ 1,465,690