XML 26 R53.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidating Financial Statements (Tables)
 12 Months Ended
Apr. 30, 2013
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Schedule Of Condensed Consolidating Statements Of Operations
CONDENSED CONSOLIDATING INCOME STATEMENTS
 
(in 000s)

Year ended April 30, 2013
 
H&R Block, Inc.
(Guarantor)

 
Block Financial
(Issuer)

 
Other
Subsidiaries

 
Eliminations

 
Consolidated
H&R Block

Total revenues
 
$
—

 
$
230,982

 
$
2,681,987

 
$
(7,026
)
 
$
2,905,943

Cost of revenues
 
—

 
193,400

 
1,417,824

 
(6,436
)
 
1,604,788

Selling, general and administrative
 
—

 
42,530

 
562,529

 
(590
)
 
604,469

Total expenses
 
—

 
235,930

 
1,980,353

 
(7,026
)
 
2,209,257

Operating income (loss)
 
—

 
(4,948
)
 
701,634

 
—

 
696,686

Other income (expense), net
 
702,011

 
(1,164
)
 
6,489

 
(702,011
)
 
5,325

Income (loss) from continuing operations before taxes (benefit)
 
702,011

 
(6,112
)
 
708,123

 
(702,011
)
 
702,011

Income taxes (benefit)
 
236,853

 
(29,221
)
 
266,074

 
(236,853
)
 
236,853

Net income from continuing operations
 
465,158

 
23,109

 
442,049

 
(465,158
)
 
465,158

Net income (loss) from discontinued operations
 
(31,210
)
 
(31,954
)
 
744

 
31,210

 
(31,210
)
Net income (loss)
 
433,948

 
(8,845
)
 
442,793

 
(433,948
)
 
433,948

Other comprehensive income (loss)
 
(1,595
)
 
189

 
(1,784
)
 
1,595

 
(1,595
)
Comprehensive income (loss)
 
$
432,353

 
$
(8,656
)
 
$
441,009

 
$
(432,353
)
 
$
432,353

Year ended April 30, 2012
 
H&R Block, Inc.
(Guarantor)

 
Block Financial
(Issuer)

 
Other
Subsidiaries

 
Eliminations

 
Consolidated
H&R Block

Total revenues
 
$
—

 
$
234,925

 
$
2,666,267

 
$
(7,421
)
 
$
2,893,771

Cost of revenues
 
—

 
221,988

 
1,487,128

 
(7,421
)
 
1,701,695

Selling, general and administrative
 
—

 
24,730

 
601,054

 
—

 
625,784

Total expenses
 
—

 
246,718

 
2,088,182

 
(7,421
)
 
2,327,479

Operating income (loss)
 
—

 
(11,793
)
 
578,085

 
—

 
566,292

Other income, net
 
576,070

 
8,686

 
1,092

 
(576,070
)
 
9,778

Income (loss) from continuing operations before taxes (benefit)
 
576,070

 
(3,107
)
 
579,177

 
(576,070
)
 
576,070

Income taxes (benefit)
 
230,102

 
(1,191
)
 
231,293

 
(230,102
)
 
230,102

Net income (loss) from continuing operations
 
345,968

 
(1,916
)
 
347,884

 
(345,968
)
 
345,968

Net loss from discontinued operations
 
(80,036
)
 
(40,172
)
 
(39,864
)
 
80,036

 
(80,036
)
Net income (loss)
 
265,932

 
(42,088
)
 
308,020

 
(265,932
)
 
265,932

Other comprehensive income (loss)
 
912

 
3,085

 
(2,173
)
 
(912
)
 
912

Comprehensive income (loss)
 
$
266,844

 
$
(39,003
)
 
$
305,847

 
$
(266,844
)
 
$
266,844

Year ended April 30, 2011
 
H&R Block, Inc.
(Guarantor)

 
Block Financial
(Issuer)

 
Other
Subsidiaries

 
Eliminations

 
Consolidated
H&R Block

Total revenues
 
$
—

 
$
251,521

 
$
2,693,459

 
$
—

 
$
2,944,980

Cost of revenues
 
—

 
277,099

 
1,499,683

 
—

 
1,776,782

Selling, general and administrative
 
—

 
31,914

 
519,945

 
—

 
551,859

Total expenses
 
—

 
309,013

 
2,019,628

 
—

 
2,328,641

Operating income (loss)
 
—

 
(57,492
)
 
673,831

 
—

 
616,339

Other income, net
 
627,703

 
5,503

 
5,861

 
(627,703
)
 
11,364

Income (loss) from continuing operations before taxes (benefit)
 
627,703

 
(51,989
)
 
679,692

 
(627,703
)
 
627,703

Income taxes (benefit)
 
235,156

 
(27,774
)
 
262,930

 
(235,156
)
 
235,156

Net income (loss) from continuing operations
 
392,547

 
(24,215
)
 
416,762

 
(392,547
)
 
392,547

Net income (loss) from discontinued operations
 
13,563

 
(12,417
)
 
25,980

 
(13,563
)
 
13,563

Net income (loss)
 
406,110

 
(36,632
)
 
442,742

 
(406,110
)
 
406,110

Other comprehensive income
 
9,555

 
163

 
9,392

 
(9,555
)
 
9,555

Comprehensive income (loss)
 
$
415,665

 
$
(36,469
)
 
$
452,134

 
$
(415,665
)
 
$
415,665
Schedule Of Condensed Consolidating Balance Sheets
CONDENSED CONSOLIDATING BALANCE SHEETS
 
(in 000s)

As of April 30, 2013
 
H&R Block, Inc.
(Guarantor)

 
Block Financial
(Issuer)

 
Other
Subsidiaries

 
Eliminations

 
Consolidated
H&R Block

Cash & cash equivalents
 
$
—

 
$
558,110

 
$
1,192,197

 
$
(2,723
)
 
$
1,747,584

Cash & cash equivalents — restricted
 
—

 
75,096

 
42,741

 
—

 
117,837

Receivables, net
 
769

 
99,844

 
106,222

 
—

 
206,835

Mortgage loans held for investment, net
 
—

 
338,789

 
—

 
—

 
338,789

Intangible assets and goodwill, net
 
—

 
—

 
719,221

 
—

 
719,221

Investments in subsidiaries
 
3,444,442

 
473

 
—

 
(3,444,442
)
 
473

Amounts due from affiliates
 
—

 
410,590

 
2,189,625

 
(2,600,215
)
 
—

Other assets
 
8,390

 
645,166

 
753,484

 
—

 
1,407,040

Total assets
 
$
3,453,601

 
$
2,128,068

 
$
5,003,490

 
$
(6,047,380
)
 
$
4,537,779

Customer deposits
 
$
—

 
$
939,187

 
$
—

 
$
(2,723
)
 
$
936,464

Long-term debt
 
—

 
896,978

 
9,702

 
—

 
906,680

Other liabilities
 
429

 
245,862

 
1,184,797

 
—

 
1,431,088

Amounts due to affiliates
 
2,189,625

 
—

 
410,590

 
(2,600,215
)
 
—

Stockholders’ equity
 
1,263,547

 
46,041

 
3,398,401

 
(3,444,442
)
 
1,263,547

Total liabilities and stockholders’ equity
 
$
3,453,601

 
$
2,128,068

 
$
5,003,490

 
$
(6,047,380
)
 
$
4,537,779

As of April 30, 2012
 
H&R Block, Inc.
(Guarantor)

 
Block Financial
(Issuer)

 
Other
Subsidiaries

 
Eliminations

 
Consolidated
H&R Block

Cash & cash equivalents
 
$
—

 
$
515,147

 
$
1,430,030

 
$
(843
)
 
$
1,944,334

Cash & cash equivalents — restricted
 
—

 
8,814

 
39,286

 
—

 
48,100

Receivables, net
 
—

 
90,755

 
103,103

 
—

 
193,858

Mortgage loans held for investment, net
 
—

 
406,201

 
—

 
—

 
406,201

Intangible assets and goodwill, net
 
—

 
—

 
704,230

 
—

 
704,230

Investments in subsidiaries
 
2,525,473

 
—

 
715

 
(2,525,473
)
 
715

Amounts due from affiliates (1)
 
188

 
492,851

 
1,430,782

 
(1,923,821
)
 
—

Other assets
 
8,887

 
623,032

 
720,210

 
—

 
1,352,129

Total assets
 
$
2,534,548

 
$
2,136,800

 
$
4,428,356

 
$
(4,450,137
)
 
$
4,649,567

Customer deposits
 
$
—

 
$
828,392

 
$
—

 
$
(843
)
 
$
827,549

Long-term debt
 
—

 
999,325

 
41,224

 
—

 
1,040,549

Other liabilities
 
22,690

 
277,160

 
1,155,727

 
—

 
1,455,577

Amounts due to affiliates (1)
 
1,185,966

 
244,816

 
493,039

 
(1,923,821
)
 
—

Stockholders’ equity
 
1,325,892

 
(212,893
)
 
2,738,366

 
(2,525,473
)
 
1,325,892

Total liabilities and stockholders’ equity
 
$
2,534,548

 
$
2,136,800

 
$
4,428,356

 
$
(4,450,137
)
 
$
4,649,567
Schedule Of Condensed Consolidating Statements Of Cash Flows
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
 
(in 000s)

Year ended April 30, 2013
 
H&R Block, Inc.
(Guarantor)

 
Block Financial
(Issuer)

 
Other
Subsidiaries

 
Eliminations

 
Consolidated
H&R Block

Net cash provided by (used in) operating activities:
 
$
(22,533
)
 
$
(3,299
)
 
$
522,940

 
$
—

 
$
497,108

Cash flows from investing:
 
 
 
 
 
 
 
 
 
 
Purchases of AFS securities
 
—

 
(227,177
)
 
—

 
—

 
(227,177
)
Maturities and payments received on AFS securities
 
—

 
117,346

 
1,065

 
—

 
118,411

Mortgage loans held for investment, net
 
—

 
44,031

 
—

 
—

 
44,031

Purchases of property & equipment
 
—

 
(58
)
 
(113,181
)
 
—

 
(113,239
)
Payments for business acquisitions, net
 
—

 
—

 
(20,742
)
 
—

 
(20,742
)
Proceeds from sales of businesses, net
 
—

 
—

 
3,785

 
—

 
3,785

Loans made to franchisees
 
—

 
(70,807
)
 
—

 
—

 
(70,807
)
Repayments from franchisees
 
—

 
83,445

 
—

 
—

 
83,445

Surrender of COLI policies
 
—

 
—

 
81,125

 
—

 
81,125

Intercompany advances (payments)
 
555,008

 
—

 
—

 
(555,008
)
 
—

Other, net
 
—

 
(18,822
)
 
9,053

 
—

 
(9,769
)
Net cash provided by (used in) investing activities
 
555,008

 
(72,042
)
 
(38,895
)
 
(555,008
)
 
(110,937
)
Cash flows from financing:
 
 
 
 
 
 
 
 
 
 
Repayments of commercial paper
 
—

 
(1,214,238
)
 
—

 
—

 
(1,214,238
)
Proceeds from commercial paper
 
—

 
1,214,238

 
—

 
—

 
1,214,238

Repayments of long-term debt
 
—

 
(605,790
)
 
(30,831
)
 
—

 
(636,621
)
Proceeds from long-term debt
 
—

 
497,185

 
—

 
—

 
497,185

Customer banking deposits, net
 
—

 
105,488

 
—

 
(1,880
)
 
103,608

Dividends paid
 
(217,201
)
 
—

 
—

 
—

 
(217,201
)
Repurchase of common stock
 
(340,413
)
 
—

 
—

 
—

 
(340,413
)
Proceeds from stock options
 
25,139

 
—

 
—

 
—

 
25,139

Intercompany advances (payments)
 
—

 
134,515

 
(689,523
)
 
555,008

 
—

Other, net
 
—

 
(13,094
)
 
(3,144
)
 
—

 
(16,238
)
Net cash provided by (used in) financing activities
 
(532,475
)
 
118,304

 
(723,498
)
 
553,128

 
(584,541
)
Effects of exchange rates on cash
 
—

 
—

 
1,620

 
—

 
1,620

Net increase (decrease) in cash
 
—

 
42,963

 
(237,833
)
 
(1,880
)
 
(196,750
)
Cash – beginning of the year
 
—

 
515,147

 
1,430,030

 
(843
)
 
1,944,334

Cash – end of the year
 
$
—

 
$
558,110

 
$
1,192,197

 
$
(2,723
)
 
$
1,747,584

Year ended April 30, 2012
 
H&R Block, Inc.
(Guarantor)

 
Block Financial
(Issuer)

 
Other
Subsidiaries

 
Eliminations

 
Consolidated
H&R Block

Net cash provided by operating activities:
 
$
33,046

 
$
15,144

 
$
313,859

 
$
—

 
$
362,049

Cash flows from investing:
 
 
 
 
 
 
 
 
 
 
Purchases of AFS securities
 
—

 
(256,173
)
 
—

 
—

 
(256,173
)
Maturities and payments received on AFS securities
 
—

 
63,291

 
3,091

 
—

 
66,382

Mortgage loans held for investment, net
 
—

 
49,142

 
—

 
—

 
49,142

Purchases of property & equipment
 
—

 
(153
)
 
(82,304
)
 
—

 
(82,457
)
Payments for business acquisitions, net
 
—

 
—

 
(15,258
)
 
—

 
(15,258
)
Proceeds from sales of businesses, net
 
—

 
—

 
560,499

 
—

 
560,499

Loans made to franchisees
 
—

 
(46,246
)
 
—

 
—

 
(46,246
)
Repayments from franchisees
 
—

 
56,591

 
—

 
—

 
56,591

Net intercompany advances
 
344,000

 
—

 
—

 
(344,000
)
 
—

Other, net
 
—

 
11,785

 
7,602

 
—

 
19,387

Net cash provided by (used in) investing activities
 
344,000

 
(121,763
)
 
473,630

 
(344,000
)
 
351,867

Cash flows from financing:
 
 
 
 
 
 
 
 
 
 
Repayments of commercial paper
 
—

 
(664,167
)
 
—

 
—

 
(664,167
)
Proceeds from commercial paper
 
—

 
664,167

 
—

 
—

 
664,167

Repayments of other borrowings
 
—

 
(25,000
)
 
—

 
—

 
(25,000
)
Customer banking deposits, net
 
—

 
(25,298
)
 
—

 
(793
)
 
(26,091
)
Dividends paid
 
(208,801
)
 
—

 
—

 
—

 
(208,801
)
Repurchase of common stock
 
(180,592
)
 
—

 
—

 
—

 
(180,592
)
Proceeds from stock options
 
12,275

 
—

 
—

 
—

 
12,275

Net intercompany advances
 
—

 
55,721

 
(399,721
)
 
344,000

 
—

Other, net
 
72

 
105

 
(17,030
)
 
—

 
(16,853
)
Net cash provided by (used in) financing activities
 
(377,046
)
 
5,528

 
(416,751
)
 
343,207

 
(445,062
)
Effects of exchange rates on cash
 
—

 
—

 
(2,364
)
 
—

 
(2,364
)
Net increase (decrease) in cash
 
—

 
(101,091
)
 
368,374

 
(793
)
 
266,490

Cash – beginning of the year
 
—

 
616,238

 
1,061,656

 
(50
)
 
1,677,844

Cash – end of the year
 
$
—

 
$
515,147

 
$
1,430,030

 
$
(843
)
 
$
1,944,334

Year ended April 30, 2011
 
H&R Block, Inc.
(Guarantor)

 
Block Financial
(Issuer)

 
Other
Subsidiaries

 
Eliminations

 
Consolidated
H&R Block

Net cash provided by (used in) operating activities:
 
$
9,683

 
$
(153,471
)
 
$
656,291

 
$
—

 
$
512,503

Cash flows from investing:
 
 
 
 
 
 
 
 
 
 
Purchases of AFS securities
 
—

 
(138,824
)
 
—

 
—

 
(138,824
)
Maturities and payments received on AFS securities
 
—

 
16,690

 
107

 
—

 
16,797

Mortgage loans held for investment, net
 
—

 
58,471

 
—

 
—

 
58,471

Purchases of property & equipment
 
—

 
(33
)
 
(62,926
)
 
—

 
(62,959
)
Payments for business acquisitions, net
 
—

 
—

 
(54,171
)
 
—

 
(54,171
)
Proceeds from sales of businesses, net
 
—

 
—

 
71,083

 
—

 
71,083

Loans made to franchisees
 
—

 
(92,455
)
 
—

 
—

 
(92,455
)
Repayments from franchisees
 
—

 
57,552

 
—

 
—

 
57,552

Net intercompany advances
 
459,755

 
—

 
—

 
(459,755
)
 
—

Other, net
 
—

 
21,556

 
12,793

 
—

 
34,349

Net cash provided by (used in) investing activities
 
459,755

 
(77,043
)
 
(33,114
)
 
(459,755
)
 
(110,157
)
Cash flows from financing:
 
 
 
 
 
 
 
 
 
 
Repayments of commercial paper
 
—

 
(4,818,766
)
 
—

 
—

 
(4,818,766
)
Proceeds from commercial paper
 
—

 
4,818,766

 
—

 
—

 
4,818,766

Repayments of other borrowings
 
—

 
(50,000
)
 
—

 
—

 
(50,000
)
Customer banking deposits, net
 
—

 
(11,501
)
 
—

 
61

 
(11,440
)
Dividends paid
 
(186,802
)
 
—

 
—

 
—

 
(186,802
)
Repurchase of common stock
 
(283,534
)
 
—

 
—

 
—

 
(283,534
)
Proceeds from stock options
 
424

 
—

 
—

 
—

 
424

Net intercompany advances
 
—

 
206,722

 
(666,477
)
 
459,755

 
—

Other, net
 
474

 
(490
)
 
(3,023
)
 
—

 
(3,039
)
Net cash provided by (used in) financing activities
 
(469,438
)
 
144,731

 
(669,500
)
 
459,816

 
(534,391
)
Effects of exchange rates on cash
 
—

 
—

 
5,844

 
—

 
5,844

Net increase (decrease) in cash
 
—

 
(85,783
)
 
(40,479
)
 
61

 
(126,201
)
Cash – beginning of the year
 
—

 
702,021

 
1,102,135

 
(111
)
 
1,804,045

Cash – end of the year
 
$
—

 
$
616,238

 
$
1,061,656

 
$
(50
)
 
$
1,677,844